Last Updated on January 3, 2021 by Stephan Lindburg
Welcome to our Crypto Trader review and scam investigation. Crypto Trader is advertised as an automated crypto trading robot and signals app which has a 99.4% level of accuracy. In other words the scammers behind this elaborate hoax are saying that if you use this fake platform these is virtually zero risk or losing your money. Hmm, do you really believe that? OK so you clicked on some link and landed on the Crypto Trader website. Now you really want to know the truth! Is Crypto Trader scam or legit trading platform? Well our researchers snooped around and very quickly realized that Crypto Trader is another cloned website and confirmed get-rich-quick scheme. But this time there is a bit of a twist. The original Crypto Trader website was created way back when Binary Options were in fashion and the person who was supposed to be behind it was named David Richmond. This latest version of the Crypto Trader fraudulent auto-trader has been modified and adapted to fit a certain template which is now being utilized by all the major affiliate networks and media agencies. It’s worth pointing out that our revealing Crypto Trader review was prompted by complaints which can be generally divided into two types. The first has to do with inability to withdraw funds, and the second has to do with persistent badgering by telephonic sales reps who obviously receive incentives according to the number of newly funded trading accounts they are able to activate.
Crypto Trader Brokers: When we signed up the broker which was allocated to us was Audemart, which has a Switzerland address listed on its website. However, a quick whoise check reveals a person in Stockholm is the owner of the website. Either way there is no mention of the license or regulatory status this broker has, and that is a huge red flag. Still believe Crypto Trader is a legitimate trading app? Well, in that case we recommend you read our detailed Crypto Trader review because we exposed this fraudulent trading software as well as the crooks behind it.
Official Website, Members Area, and Login Page: Spoofed Website Changes Frequently
Crypto Trader Scam Evidence:
Here’s the Crypto Trader main sales page and registration area. You can see for yourself that they are saying “you can become the next millionaire”. Once more they are using the recycled news video with Jake Tapper from CNN where he is talking about “no banks, no fees, no inflation.”
And here we have a screenshot of 6 different cloned scams which are based on the same template and all of them use the exact same sales video. They are using the same texts as well, and the only thing which has changed is the color scheme and logo.
Check out the bottom of the Crypto Trader sales page, and where they talk about superior technology (among other things). If it looks familiar to you then its with good reason as we shall explain.
If you look at the screenshot below you will see for yourself that the whole product description section is plagiarized and copied from other useless systems we exposed here at Scam Crypto Robots. Notice the award winning app and laser-accurate performance parts of the sales page. Feel free to use that as a point of reference for comparative purposes when enlarging the image.
Fake Crypto Trader Reviews
Unfortunately we have seen multiple fake Crypto Trader reviews, and we have taken the liberty of taking a screenshot directly from the search page where we looked up the term “crypto trader”. It seems scammers are reaching the top search results again and maliciously lying to the public by telling them that this software is legit and profitable. It’s also worth pointing out that there is a flurry of fresh press releases and paid articles which are now plaguing the online trading niche. These articles are not legitimate and completely biased, but some people still believe their nonsense for some unknown reason. We advise you to avoid these paid reviews or any website which is not strictly from the crypto or financial niche when searching for a genuine Crypto Trader review.
Crypto Trader Fake News
The use of fake celebrity endorsements has become the new norm among professional online scammers, and Crypto Trader is no exception. We have already seen scammers using the names of well-known or high profile individuals like Gordon Ramsay, Swedish comedian Johan Rheborg, Filip Hammar, Dragons’ Den, Shark Tank, Bear Grylls and many more.
What Is The Crypto Trader Scam And How Does It Work?
Crypto Trader is presented to us as an award-winning trading app and automated signals software which generates signals that have a 99.4% level of accuracy. They say it is better than the rest because it is faster and beats the market rates by 0.01 seconds (the time leap sales pitch).
Crypto Trader Review, Trusted Technology Or Scam?
Fake review sites are raving about Crypto Trader and the secret trading algorithm which it uses to generate money for it’s members. But in reality all this talk about auto-trading is rubbish and totally detached from reality for a variety of reasons. First of all a real trading robot employs back-tested trading strategies which are deployed in real time and execute trades based on optimal contract rates. Secondly, today’s bots are usually cloud-based and use Python or NodeJS for server-side development. There is no discussion at all about the kind of technology which is being used, or what kind of automated trading protocols are utilized. In Forex for example, MT4 trading terminals are usually used for the purposes of signal automation. However, when cryptocurrencies such or digital contracts are concerned we usually encounter dashboards which support the major exchanges such as Binance or Coinbase. To top it off all of the testimonials are forged, and the live profit section is a closed java script form running on a loop showing only profitable trades (something which is simply not possible). In a nutshell, there are a lot more questions than answers which must be addressed before joining a program like “Crypto Trader”, so please make sure to avoid this blacklisted software.
Is It Free?
Crypto Trader is most definitely NOT a software which is provided free of cost. It will cost you anything from €250 and sometimes even €1,000 Euros to activate this so-called “money-making software”. The thieving brokers who will charge your credit card use third party entities named credit card processors. Some of these companies have been targeted by the authorities for processing all kinds of fraudulent transactions related to offshore money laundering in connection with shell companies in shady legal jurisdictions. As always, a hefty dose of caution is recommended before pulling out your wallet and investing.
What Are Crypto CFDs?
CFD’s or contracts for difference are derivatives or contracts that acquire their value based on the performance of an underlying asset in the financial markets. CFD’s are easier to trade than stocks for example, because you don’t have to own the actual asset. You simply speculate if the contract expires above or below the resistance line. If you guess correctly, the profit (or loss) is yours based on the margin rates.
A Few Viable Alternatives
It’s true that most systems which are launched these days turn out to be flops designed to drain your money and generate profits for promoters and brokers. However, once in a while we have a chance to review a new trading software which actually delivers as promised. After testing it and investing ourselves we add it to our recommended section if it performs consistently. So go ahead and check it out!
Crypto Trader Review, Summary, and Conclusions
The Crypto Trader scam software and fake auto-trader (not to be confused with Bitcoin Trader) is totally blacklisted and with good reason. This cloned website has been recycled and modified a number of times as we have already stated, but this latest version is by far the most sinister and heavily promoted. The reasons for this vary and have to do with certain habits or patterns scammers continuously follow because it suites their particular purposes and “does the job”. For testing purposes our staff actually invested €250, only to find out that there is no software at all. Needless to say that money was gone in a matter of minutes, and the only “exclusive group” which we joined is a group of losers. If you believe our investigation is inaccurate and would like to access additional material or evidence which validates our claims, we invite you to reach out and message us through our contact page or social media.