With the robust growth in computer-driven trading, crypto robots have become highly popular in recent days. These robots enable investors to generate thousands of dollars in profits per day from crypto trading. However, not all crypto robots are legit. The majority are scams aimed at stealing deposits from investors. Automated Crypto System is a scam platform that tricks investors into signing up with sham brokers.
InsideBitcoins conducts a thorough investigation to determine the legitimacy of trading robots. Our reviews are based on feedback from hands-on tests and also an in-depth analysis of online reviews by individual users. We take into consideration factors such as transparency, consistency, reputability, and customer service when determining legit robots. Keep reading to learn more about Automated Crypto System or read our review of the best Bitcoin robot for 2019.
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Is Automated Crypto System a scam? Yes!
InsideBitcoins tests reveal that Automated Crypto System is a big scam. There are many complaints about people losing money with this robot. Most of the reviewers point out that it takes a few minutes of live trading for the deposit to be wiped out. We have determined that just like most scam trading robots, Automated Crypto System is configured to make losses.
Another big red flag is that they do not allow traders to withdraw back their capital. Once you make a deposit, the scammers behind the platform disappear. There is nowhere to raise complaints since the brokers behind the platform are not regulated.
InsideBitcoins tests find the Automated Crypto System to lack transparency. This is not unexpected in scam trading robots. They do not disclose any information about their founders or the logic behind their trading technology. Also, they won’t reveal their partner brokers to you until you make a deposit. This is because their partner brokers are well-known scammers.
What is Automated Crypto System?
Automated Crypto System claims to be a crypto robot that leverages on a sophisticated computer algorithm to scan the markets and make trading decisions. This robot allegedly provides crypto, Forex, and CFDs trading. InsideBitcoins investigation reveals that Automated Crypto System is a scam. The platform is nothing but a front end aimed at tricking investors into signing up with scam brokers.
A legit trading robot should not only reveal general information about their technology but must also demonstrate its applicability. Automated Crypto System only provides signup and an unresponsive web-trading page. Our tests show that the primary goal of this platform is to steal deposits from unsuspecting users.
How does Automated Crypto System work?
On top of analyzing market data for tradable insights, this platform also claims to source and provide signals to traders. InsideBitcoins investigation can confirm that these are lies. The Automated Crypto System appears to be rigged to always act in favor of the scammers behind it. The only way they make money is by stealing your deposits.
Also, we find many clues on their website that suggests they do not understand what they claim to offer. They appear to confuse the concept of data-driven algorithmic trading with social copy trading. While algorithmic trading involves computer robots analyzing big data for tradable insights, social copy trading consists of copying trades from successful traders and implementing them in the user account.
Also, they use the term investment and trading interchangeably. The two are entirely different, with the latter referring to an approach for long term gains. Automated Crypto System is a trading robot and not an investment platform.
Read our review of Cryptosoft if you are looking for a trading robot that offers both algorithmic and social copy trading.
Why you should not signup with Automated Crypto System
Automated Crypto System: Key Features
Unsafe registration and trading
Our investigation reveals that Automated Crypto System shares users’ data with third parties. They also store billing information which means that users’ banking details can be stolen in the event of a cyber attack. Most scam trading robots do not pay attention to users’ data privacy.
Automated Crypto System does not allow users to withdraw their money. Once you deposit with this platform, consider it as lost. Their primary goal is to trick people into depositing with them after which they go missing in action.
Poor Customer Sentiment
The majority of people who have tried this trading platform report losing money. InsideBitcoins investigation reveals that this platform works in collaboration with scam brokers to defraud unsuspecting users.
We can confirm that all the brokers in partnership with Automated Crypto System are scammers. These brokers are untraceable. Once they disappear with your money, there is nothing that can be done to recover it.
InsideBitcoins investigation takes into account factors such as transparency, consistency, reputability and customer service when determining a legit trading robot. Our reviews are based on hands-on experience and also an in-depth analysis of online reviews by individual users.
We do an aggregate of all these factors to determine a legitimacy score. Top trading robots must have a legitimacy score of 80% and above. Here are some of the top crypto trading robots in 2019.
Bitcoin Loophole robot is an app that guarantees investors a daily profit of $1500 from an investment as little as $250. We have tested this robot and can confirm that it is highly legit. Bitcoin Loophole applies high-frequency trading strategies to maximize profitability in every trading opportunity that presents.
Bitcoin Trader app is another top trading robot worth a try. Our test reveals that you can make an average of $1300 per day in profits from an investment of $250. Bitcoin Trader strategies include social copy trading and high-frequency trading.
How to recognize a legit trading robot
The robots recommended above have one thing in common - they are transparent and have a proven track record. Scam trading robots such as Automated Crypto System often lie about critical details such as the founders and the logic behind their trading technologies. Here are the top characteristics of legit trading robots.
- Transparency – A legit trading robot should disclose all the details needed to inform users’ choice. Scam trading robots are known to lie about almost anything.
- Consistency – A legit trading robot should show consistency in profits. In other words, users should have an idea of what to expect from the robot right from the start.
- Reputability – A reputable trading robot has many positive reviews. Scam trading robots are likely to have much negative online feedback. Trading robots with a few online reviews are also highly suspicious and should be avoided. We recommend that you only go for trading bots with considerable reviews.
- Customer service – A legit trading robot should have excellent customer services. Never signup with a trading robot that has many complaints on customer services.
Is Automated Crypto System Legit? The Verdict!
InsideBitcoins investigation finds Automated Crypto System to be a big scam. You are likely to lose money if you deposit it with them. This platform lies about almost everything including its founder and trading technology. We have also determined that they do not respond to clients inquiries especially after making the deposit.
Additionally, Automated Crypto System works in cahoots with scam brokers the majority of whom have been flagged for fraud. These brokers are responsible for handling deposits and pay a commission to the scammers behind the robot every time a deposit is made through the platform.
We recommend that you stay away from it and instead try the alternative robots presented in this review. As mentioned previously, InsideBitcoins carries out in-depth research to determine legit trading bots. All the robots in our top list are legit.
Is Automated Crypto System Legit?
No! InsideBitcoins investigation reveals that Automated Crypto System is a big scam. This platform is nothing but a bridge to depositing money with sham brokers.
Is Automated Crypto System a pyramid scheme?
This platform is worse than a pyramid scheme. Their primary goal is to have your deposit after which they go MIA. We recommend that you stay away from this platform.
How much should I deposit with Automated Crypto System?
This platform is a scam, and you should not deposit any money with them. Automated Crypto System asks for a minimum of $250, but they will encourage you to deposit more to magnify your earnings. Once you make a deposit, their live trading app kicks in, wiping your account in minutes.
Can I withdraw my money from Automated Crypto System?
InsideBitcoins investigation reveals that Automated Crypto System does not allow capital withdrawals. You won't make any money with this platform, and you won't even be able to withdraw your capital back after depositing.
Can I make Money with Automated Crypto System?
No! This platform is a big scam, and we recommend that you stay away from it. Our tests show that you will lose your money if you deposit it with them. Automated Crypto System makes consistent losses.
Is Automated Crypto System safe?
No! InsideBitcoins investigation reveals that this platform exposes users’ data to hackers. They appear to share this data with third parties hence the many unsolicited calls.