Recently, the Cannabis industry has experienced global acceptance. Many companies are now using Cannabis for medicinal purposes. In fact, in the last month, this growth has increased by 50% and experts have predicted a 1000% rise for these companies in the next three years. As an emerging industry which is predicted to surpass the valuation of most tech companies, the best time to invest in Cannabis stocks is now. In view of this, a new automated software for Cannabis stocks was launched on Christmas Eve of 2018 named Cannabis Trader. Cannabis Trader is a working software that is linked to top CFD stock brokers i.e. EuropeFX etc.
With trading robots available for other assets and stocks such as Weed Millionaire, Cannabis Millionaire among others, it is but right for a Cannabis stock software such as Cannabis Trader to emerge. With an initial investment of $250, Cannabis Trader claims that every investor can earn as high as $3000 daily trading Cannabis stocks. Someone might ask, isn’t this profit too high for a new software to realise for individuals? For this reason, we have tested and reviewed the Cannabis Trader app to clarify if it is a scam or not.
Is Cannabis Trader Legit or Scam?
In the search for a good trading app for Cannabis stocks, we came across the Cannabis Trader software. Testing this software, we have found that it is legit. This software capitalizes on the booming industry to allegedly make a profit for its users. As an automated trading system, the software works on auto-trading mode. However, for an experienced trader who wishes to trade without any kind of automated support, the trading platform avails the manual trading option also. Using an inbuilt algorithm, the software is able to read market news and rumors in the Cannabis industry so as to provide adequate trading signals. The app claims its trading accuracy on signals to be about 93%. This has been supported by user testimonials from which many users claim that around 9 out of 10 trades are correct.
We found several testimonials from users reporting that when investing $250, their account had grown to $700 or more in a week. At InsideBitcoins, our independent research has revealed that this software in fact appears legit and is fully working and functional.
Is Cannabis Trader Scam or Serious? The Verdict!
Some reviewers have suggested that Cannabis Trader is a scam and investors should desist it. However, all of these negative reviews are born out of inadequate information and most likely competitor’s promoted content. We have tested the software and here are our conclusions.
What is Cannabis Trader?
It is not surprising to find people question the advent of automated trading platforms in trading. This is mainly because Cannabis Trader is part of a new wave of innovation and an unregulated adventure. In the general financial market, stockbrokers are barred from using these robots to trade as it may cause instability in the value of stocks and would increase volatility. However, in several industries such as the cryptocurrency ecosystem, traders have reported making use of these trading robots and making magnificent profits. However, from our analysis of Cannabis Trader, it appears to be a valid software that can be used to trade Cannabis Stocks. As earlier stated, this software trading signals accuracy is a reported 93%. This is thanks to an algorithm that allows the system to allegedly place profitable investments for users automatically. All they have to do is decide on certain trading settings for a few minutes every day and that is it.
How does the Cannabis Trader App work?
As earlier stated, Cannabis Trader is a trading robot used in the Cannabis industry to trade its stocks. With the industry booming daily, a lot of Cannabis companies are being established with their stocks on the market for investors to come in. In the Cannabis stock market, the Cannabis stocks are valued against each other just like fiat currencies are valued against each other in the foreign exchange market. There is also a trading pair between each stock and fiat currencies for easy exchange. Thus, after registering on Cannabis Trader, the web platform connects every registered user to a licensed broker in his/her country for easy trades.
Then, after depositing funds (the minimum investment to initiate a trade is $250), the user can choose the trading mode as auto-trade and manual-trade options are available. In auto-trading mode, the software provides trading signals and set buy orders for the appropriate stocks and sells at a relatively higher price in an attempt to garner profits. In auto-trading mode, the user is not required to trade as the software is tasked with this with an inbuilt algorithm. However, the user is only required before a trade is activated to daily modify settings which the software would follow i.e. stop losses, trade amount etc.
After each trade is initiated and sell target is realized, the software sells the asset off and the cycle is repeated.
Why should I invest in Cannabis?
Trading with Cannabis stocks is according to many traders one of the best opportunity to make profits. The market is growing exponentially due to the increasing demand and pressure towards its legalisation for recreational and medicinal reasons across the world. It is a market rising steadily. That is why many robots have been emerging lately, but you have to choose the right one to trade on. A reliable robot that we have found other than Cannabis Trader is Cannabis Wealth.
Advantages of Cannabis
If you want to know why the demand of Cannabis has been increasing for medicinal purposes, we have put together a list of its medical advantages.
- It can help control epilepsy.
- It can help treat glaucoma.
- It decreases anxiety.
- It eases pain for people with Parkinson’s disease.
- It speeds up body metabolism.
- It can be used to treat patients affected by PTSD.
Cannabis Trader: Key Features
Cannabis Trader claims that with their app you can earn up to $3,000 per day. It is likely that at the beginning you may not make such high profits because you will need time to learn how the platform works, what the best assets to trade with are, in what way to trade with them and so on. The bot claims that with the right investments, you may even go past the $3,000 per day.
On Cannabis Trader there is no verification process, which makes the registration to the platform even faster and easier than it already is. After you have inserted your email address, phone number and full name, your only step left before you can start trading is to deposit funds into your account.
Withdrawal requests are processed in less than 24 hours. Depositing funds is as easy as withdrawing them. There is a great variety of payment methods on offer and you certainly have all the tools and guidelines to deposit funds without any risks.
There are no fees or commissions, so investors can trade freely without having concerns of this kind constantly at the back of their mind.
Customer support staff is available 24/7 and can be contacted via email. Reliable crypto bots always show a willingness to satsify all the needs that users may have and Cannabis Trader certainly is one of them.
In one of the pictures of the step-by-step guide you can see an icon saying "current brokers". That is where the broker listing will appear and you will be able to decide which broker to trade with. In auto-trading mode, your funds will be traded automatically with the brokers you choose.
Cannabis Trader versus other Robots
|Cannabis Trader||Other bitcoin robots|
|✅Cannabis Trader requires a minimum deposit of $250.||❌ Although the amount is more or less the standard for auto trading robots, there are scams requiring much more.|
|✅ Cannabis Trader provides a great deal of payment options for withdrawals and deposits.||❌There are many robots that only accept a few payment methods. This is a strong indicator of their unreliability.|
|✅ With Cannabis Trader withdrawals are processed within 24 hours.||❌Usually, robots require up to seven or 10 days to process a withdrawal. There are also scams that block users from making withdrawals.|
|✅ Both novices and experienced users are able to enjoy the functions and features offered by Cannabis Trader.||❌Many auto-trading robots are not suitable for users of all kinds of backgrounds. Some platform interfaces are too complex for beginners to understand and some too simple for advanced users to properly pursue investment strategies.|
|✅ Trading in demo mode on Cannabis Trader is an option.||❌Demo trading is not so common among auto trading robots. It allows you to familiarise yourself with the trading room's interface.|
5 tips on how to make the most of Cannabis Trader
- 1. Start Small
The minimum deposit required to start trading on Cannabis Trader is $250. If you are a beginner, we suggest to start trading with that amount on your account. You should not risk more than $250 when beginning with robots. If you’re able to make profits, you can use them to reinvest.
- 2. Withdraw a Percentage of All Returns
We usually advise users to withdraw a minimum of 25% of your profits. Please do not invest all the capital you earn because that would mean putting your profits at risk. The wisest thing to do is to store around half of the profits and reinvest the rest.
- 3. Follow Expert User Advice
There are some strategies you can follow on automated robots. We suggest to have a look at tutorials and informative videos that you can search for online to find out which one you find more suitable for you. The tutorials will help you understand the basics of what are the best ways to trade with crypto.
- 4. Keep Tax Records
Users who make profits have to pay taxes of an amount that depends on the country they reside in. In any case, please keep a tax record to see how much you can afford to invest.
- 5. Don’t Invest What You Can’t Afford to Lose
Investing more than you can afford to lose is very dangerous, even on a secure platform like Cannabis Trader. Trading with cryptocurrencies always carries a risk, so make sure you only invest amounts of money that will not affect your financial situation in case of capital loss.
5 Reasons to trade with Cannabis Trader
- Trading in demo mode is possible.
- It trades with cannabis stocks, which are currently growing at a very fast rate.
- Withdrawals are processed in less than a day.
- The platform claims to have an accuracy of almost 100%.
- The registration process is probably among the quickest and easiest you can find.
Does Cannabis Trader have a mobile app?
We have not found any mobile app associated with Cannabis Trader but that does not constitute a problem because you can access the trading platform at any point on your mobile device as long as you have an Internet connection.
Cannabis Trader Review: The Verdict!
Having reviewed the Cannabis Trader software, InsideBitcoins fully asserts that the app is a reliable trading instrument for the growth of the Cannabis industry. The platform provides interesting facts about the future of the Cannabis industry in parallel to the tech startups. With the correct exposure and investment, Cannabis Trader could go mainstream. You can try this bot by clicking here today.