Cannabis Trader Scam or Legit? The Results REVEALED ByPatrick WebberPRO INVESTOR Updated: 21 July 2020 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. Robot Rating Properties Trade 1 The best choice 88% claimed returns €250 Min Deposit Accepts credit card Trade Now All trading carries risk. 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 stock trading apps 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. Benefits of Cannabis Trader 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. 1). The software claims to have an algorithm with 93% trading signals accuracy. 2). Cannabis Trader is not fraudulent neither is it a scam. However, it is generally known that risks exist in auto trading. 3). At InsideBitcoins, we recommend every intending investor should only start with a moderate investment of $250. 4). To learn more about the software and invest, click on this link. Open account 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. Opening a Cannabis Trader App Account – Step by Step To enjoy all the benefits of the Cannabis Trader app, every intending investor needs to sign-up for an account. As a new software still looking for mass adoption, Cannabis Trader is available to all its users free of charge. To sign-up and start trading, kindly follow the steps below. Step 1: Registration To sign-up, from your browser, visit Cannabis Trader’s website. The content is written in different languages to accommodate users spread across different geographic locations. After this, you’ll see the registration form on the home page, you’re to input the following information in three steps. In the first step, you’ll input First name, Last Name and Email Address respectively. After this, you’ll be asked to input a password (nothing less than 6 characters with a mixture of alphabets and numbers). Then, you’ll be asked to input your phone number to connect you to a broker. Once you click on “sign up”, you will receive a confirmation email with a verification code on it to finalise your registration. Our suggestion would be to double-check that the email address you provided is correct or you will not be able to register. After having typed in your verification code, an account is created and you can log in with the registered email address and password. To make a deposit, check the next step below. Step 2: Deposit Once you have logged in for the first time, you will be asked whether you want to deposit “now” or later on. We advise to have a look at the best trading platforms before you deposit funds in your account, just to get familiar with it. Whenever you feel ready you may make a deposit. There are numerous payment methods available, which shows a great effort to satisfy any need that users might have. You may pay with credit or debit cards, Bitxplace Crypto Currency, Wire Transfers, Bitcoin/Ethereum and more. The easiest way to deposit funds is most likely via bank transfer or debit/credit card. Like any other card payment, you will have to type in your card number, expiration date, the card security number that you can find at the back of your bank card. You will also be able to choose your preferred currency and the amount you want to deposit. Please note, the minimum amount required to initiate trades on the Cannabis Trader app is $250. However, this can still vary depending on the broker. Step 3: Demo trading Homepage Demo trading is an important aspect of trading on a new platform as it helps the user to become used to the trading interface. Cannabis Trader does not have any demo trading at present. However, the different aspects of the interface are accessible upon login, such as trading history, open orders, trading settings and so on. This means that you can still see how the platform works and have access to all of its functions. The only thing you cannot do is place simulated trades, but that is not as important as being able to understand the proceedings of the robot and you can still do that without needing to try a demo account. Step 4: Trading Trading Interface Having been accustomed to the trading interface, it is time to activate trading. Once you have deposited funds you can decide on your trading settings before starting to trade in auto-trading mode. Below the trading portfolio area you will find the trading settings pane. Here, you have the opportunity to decide how much you are willing to riske for each trade and what you want your minimum payout to be. You can also decide how many trades in one day you want to make as well as the daily stop loss and daily take profit. On top of this, you can also decide on the assets you want to trade with. You can either choose to leave it all in the robot’s hands or you can select your preferred assets and allow the system to trade with those ones only. Once you are happy with the trading settings you have chosen, feel free to start the auto-trading mode. Note: If you wish to try a demo account before depositing real funds into the platform, click here. Cannabis Trader: Key Features Payouts 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. Verification Process 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. Withdrawals and Deposits 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. Cost/Fees 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 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. Brokers 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. Cannabis Trader is not the only automated robot on the market. If you want to know more about the others you can go check out our bitcoin robot page to find out more. 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. Robot Rating Properties Trade 1 The best choice 88% claimed returns €250 Min Deposit Accepts credit card Trade Now All trading carries risk. Remember that all investment opportunities carry a certain risk. This especially applies to cryptocurrencies, which are still relatively young in the financial markets. FAQs How much time is required to spend on the software in order to make large profits? Averagely, 15 - 20 minutes daily should be enough to make necessary modifications since the software is working on autopilot. Having said that, again, there is no guarantee of profits and the loss of capital is still a risk. How much should I expect to make daily by trading with the Cannabis Trader app? Cannabis Trader claims to generate a minimum of $3000 daily Assuming I choose to invest in Cannabis Trader, what is the guarantee that the trades would be profitable? There is no guarantee that the trades will be profitable. Having said that, Cannabis Trader software and its users claim that they have a trading signals accuracy of 93%. Is there any fee attached to the software? Any hidden charges? No, the software is absolutely free and accessible to members only. To join, fill out the form on this page. How quickly can I withdraw my profits? Your profits can be withdrawn on the same day.