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CALLOWAY SOFTWARE: SCAM OR LEGIT? THE ULTIMATE TEST

Author: Patrick Webber

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.

  • Robot
  • Rating
  • Features
  • Trade
1
 
The Best Choice
  • 88% Claimed Win Rate
  • $250 Min Deposit
  • Accepts Credit Card, Sofort

Is the Calloway Software a Scam? Yes!

Having studied this software carefully, here are our observations:

  • The software claims it has a trading accuracy of 96%.
  • The software claims it can earn more than $3,000 trading cryptocurrencies daily.
  • Calloway Software claims to have educational materials on its platform with which traders can learn the art of trading but there are no such materials on its website.
  • All the testimonials found on its website are fabricated and untrue.
  • In place of Calloway Software, users are favoring Cryptosoft for trading and investment.

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.

Why the Calloway Software is a Scam

In a bid to make adequate information about Calloway Software available in a well-arranged format, we have summarized our points to justify that this software is a scam in the subsections below:

False claims about how much you can make

One of the more pronounced reasons to conclude that Calloway Software is a scam is due to the claims that it can help the trader earn over $3,000 per day trading different assets. As funny as it sounds, this is far from the truth. No system whatsoever in the world would promise such a feat except it is a scam. If this were to be true, that means the average trader would earn at least $90,000 in a month and over $1,200,000 in a year. Wow! If this was true, then wouldn’t everyone be involved in this big financial opportunity? Why are there no positive reviews by its members scattered all over the internet? Where is all the money coming from? All these observations point to the fact that this software is a scam.

In the trading world, as the value of an asset goes up, the other goes down. But, in this case, Calloway Software claims assets value are always going up. This is not true. All these are just marketing gimmicks used by scammers to defraud people.

Fake Videos

Upon accessing the Calloway Software’s website, the first thing you can see is a video playing talking about the software and how it can be used to make money. Funnily, we researched and found out that all the characters used in the video are internet actors. Wow! Now, it makes a lot of sense. The information shared in the video about how the software works are untrue, the characters, therefore, would also have to be accomplices in sharing this fake information. This is another method notably used by scammers to deceiving people into buying into the lie.

Fake Testimonials

Checking through the website, you can see a lot of testimonials from several people talking about how Calloway Software has influenced and changed their financial life. Some even say they have made millions in just two months. To check if these claims were true, we ran a check on various search engines only to discover that there are no positive testimonials anywhere about the software. It appears that the only positive testimonials about this software can be found on their website. Why is this so? It is because it is all pre-planned by the software’s team. This further goes to corroborate that Calloway Software is a scam.

Fake rumors and TV claims

Across the internet, there are a lot of adverts and articles suggesting that Calloway Software is being endorsed by different celebrities and TV shows. One of such rumors is about Dragons Den. Several fake rumors are going around the web claiming a Calloway Software Dragons Den endorsement which is completely false. This software was never promoted on one of the episodes of Dragons Den. In another occasion, it was reported that Bill Gates was promoting Calloway Software but we found no evidence for these claims either. Fake trading robots are fond of promoting rumors of partnerships with top brands to promote their illegal venture so you should be suspicious when you hear about any celebrity endorsements.

Misleading Information

Calloway Software promotes a distorted understanding of how the trading of stocks works. Usually, to trade a particular asset/stock, one would have to sign up with a broker to help carry out the trade action. All broker sites are registered with an operating license under the Securities Commission of the U.S.A. However, when you register on Calloway Software’s web platform, you will see that the brokers this bot is connected to are all unlicensed. This is an illegal practice and it suffices to prove that Calloway 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.

Recommended robots

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.

  • Robot
  • Rating
  • Features
  • Trade
1
 
The Best Choice
  • 88% Claimed Win Rate
  • $250 Min Deposit
  • Accepts Credit Card, Sofort

 

Other legit crypto bots can be found on our bitcoin robot page.

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.

 

Remember that all investment opportunities carry a certain risk. This especially applies to cryptocurrencies, which are still relatively young in the financial markets.

FAQs

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.

Remember, all trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.

A cryptocurrency and trading writer and editor, I specialise in algorithmic trading. I’ve written about every type of automated trading tools - from cryptocurrency robots, binary option robots, down to robo advisors. My goal is to write honest reviews about automated trading tools in order to help users understand which software are trustworthy and which ones they should stay away from. I am constantly analysing and scrutinising the up and coming trading apps so if you are seeking advice or if you would like me to write a robot review in particular don't hesitate to get in touch – I’m happy to help!

4 thoughts on “CALLOWAY SOFTWARE: SCAM OR LEGIT? THE ULTIMATE TEST

    1. Hello tsg_894, that is because the platform is an absolute scam. We would not recommend anyone to invest their money on Calloway Software as they risk losing it completely.

    1. Hello Vhs-352, we are sorry to hear about your bad experience with this scam bot. It is almost impossible to withdraw your money as they instantly transfer the money to other bank accounts that are usually untraceable.

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