In this article, we present an honest review about a trading software identified as Calloway Software. Named after its founder, Brett Calloway, this software claims a trading signals accuracy of over 96% and boasts in making hundreds of people rich. With a minimum deposit of $250, this software claims its users can make $3,000+ trading on its platform daily. We have carried out an investigation about this software and found it to be a scam. However, in place of this, you can try Cryptosoft, a legit and working trading software.
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Is the Calloway Software a Scam? Yes!
Having studied this software carefully, here are our observations:
If you are looking about for a working trading software on the internet, Calloway Software is not an option. This software is a fraud that claims to make tens of thousands for its members monthly. However, our investigation so far proves otherwise. Similar to many other trading software scams that have appeared in the cryptocurrency industry, this software is one that should not be trusted. This software claims to generate accurate trading signals for investment traders, however, there is no concrete information to conclude that this is true. Trading with these signals would most likely result in you losing your funds.
Being promoted heavily on the internet through the use of sponsored adverts on search engines & e-mails, these adverts look too good to be true. However, on accessing the website, one will find nothing correlating as implied with the adverts. On the homepage of the website, a video is played and the characters in the video explain that the software work via an inbuilt algorithm which allows it to analyze the financial markets and search for profitable trades by checking undervalued assets, its RSI value, stochastic levels etc. and checking for good market entry. With this explanation, it claims a 96% accuracy using the algorithm. However, this isn’t true.
As a platform that has experience with different types of cryptocurrency exchanges such as Bittrex, Binance, and Bitmex, we can authoritatively say that the claims by this software are very outrageous. In the real financial market, a profit of 5% ROI weekly is a good trade. Market volatility plays a huge role in this price shift and this is a major reason not to trust the Calloway Software. From our research, we discovered that this trading system works in collaboration with unlicensed offshore brokers through which they trap registered users’ funds.
What is Calloway Software, and is it a Scam?
After thorough research, we conclude that Calloway Software is a scam. Promising to give its users a lot of trading signals every day with an accuracy of 96%, one would naturally expect that at least 9 out of any ten trades entered into it would become successful. But, searching through the internet for testimonies of people outside the web platform, we couldn’t find any. In fact, most of the reviews found on the internet about this software were all negative. This goes to justify that the software is nothing short of a scam.
The Calloway Software and its affiliate brokers are all stakeholders in this scam. We found out that for every user who has registered and traded on the platform, when they initiate withdrawal requests, they are either blocked by the traders or refused payments. There has never been one occasion where withdrawal requests are accepted by this platform. These scary and unpleasant experiences make us conclude that this system is a scam.
Also, unlike some other scams such as Bitcoin University, Crypto GPS, Calloway Software is not an automated trading app as its users initiate and close their trades on their own. The only responsibility of the software is to provide trading signals. They do not also offer any educational material that the user might need for trading even though they claim to on their website.
Calloway Software also lacks transparency. Everything about the website is either fake or undefined from the domain name details to the founder’s details. There is not one piece of evidence about Brett Calloway anywhere. We do not know anything about his expertise, his experience and unique characteristics which qualify him. This lack of transparency makes us wary of the truthfulness of the system and all it has to offer. With nothing to back any of the claims of this software, we conclude that CALLOWAY SOFTWARE IS A SCAM!
Who founded Calloway Software?
This software was supposedly founded by a man called Brett Calloway. The surprising thing here is that this founder cannot be traced to any former project, firm or social media profile. This is a common characteristic of most fake trading software. In a bid to see if we could find more information about the founder, we checked for the details of the domain name www.thecallowaysoftware.com and alas, nothing was found. This is another reason to conclude that this software is a scam.
The signup, deposit, and trade process on Calloway Software
When you register on the Calloway Software’s website, they will ask for the following information : First name, last name, email address, password, and phone number. After registration, the user will be redirected to a broker site to fund his/her account. On this platform, there are different methods of payment which include credit/debit card transaction. Using credit/debit card to pay on this platform is very risky as the platform will have access to the card details which can then be used thereafter to make transactions not initiated by the Card’s owner. To trade using this software, a minimum of $250 is required to be deposited onto your account and after this, you can go to the trade room to start. To begin with, you will get the impression that the software is working perfectly with the trading signals and profits coming in. However, when the user initiates a withdrawal request, the problems will appear as the request will be either unattended to or cancelled. This is a general overview of the trading process common to several persons who have used this software. Thus, Calloway Software is a scam.
Have people made money with Calloway Software?
From several reviews by users of this software, we have not found anyone with a positive testimony about this software. All the claims that people have made money with their app come from the fake testimonials on their website. This software is simply a scam and can in no way make any money for anyone.
Although there are a lot of scam trading software out there such as Calloway Software, there are others that are legit and have a great reputation such as Cryptosoft. To use this software, click the link below.
Calloway Software Review: The Verdict!
All indications show that this software is a scam and our verdict is that no one should invest in it. As a disclaimer, anyone who registers with the Calloway Software does so at his/her own risk. We have researched and found out that the claims of the software to earn $3,000 for each member with an investment of $250 is false. Also, in the search for the identity behind the creation of the software, we only found out that the founder had a name but no face. Also, every content on the website is false and unverified. This is the same as the videos, testimonials and broker sites used for trades. We advise everyone to stay away from this software and try a legit software such as Bitcoin Code and Cryptosoft. As always, if you wish to try these alternative robots, remember that trading carries risk and you should not invest more than you can afford to lose.
Is Calloway Software used to trade only cryptocurrencies?
Yes, the software is used to trade cryptocurrency assets.
Does Calloway Software have its own cryptocurrency asset?
There is no information suggesting that Calloway Software has its own cryptocurrency token presently.
Is Calloway Software an automated trading platform?
No, it is a semi-automated trading platform. It is only responsible for providing the trading signals while the user does the trading.
Is it advisable to trade with Calloway Software to confirm the conclusion of this review?
No, we have researched properly about this software to come to the conclusion that it is a scam. However, trading using this software is at your own risk.