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Corona Millionaire Review: Scam or Legit Robot? The Results Revealed!

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Author: Patrick Webber

Corona Millionaire is an auto trading bot that takes advantage of the currency swings resulting from the Coronavirus pandemic. The bot is an auto and trades forex with a supposed win rate of 88.7%. Corona Millionaire users can allegedly make up to $1k daily from a $250 investment. But is the robot legit?

As usual, we have conducted a series of tests on Corona Millionaire to determine if it’s legit. The bot relies on Artificial Intelligence (AI) and Machine Learning (ML) and is hence likely to be what it claims to be.

The bot was founded in January 2019 and already has over 500 reviews on TrustPilot. Most of the reviews are positive and confirms its supposed profitability. Read on to learn more about Corona Millionaire and what makes it a robot worth a try.

Is Corona Millionaire legit?

  • Corona Millionaire appears legit given that it relies on tested and proven technologies. These technologies include Artificial Intelligence and its subsets of Machine Learning (ML) and Natural Language Processing (NLP).
  • As mentioned above, the bot started operating a few months ago and already has a TrustPilot rating of 4.3/5 after 500 reviews.
  • Corona Millionaire links to regulated and highly-rated brokers. These brokers are allegedly regulated by authoritative bodies such as the UK Financial Conduct Authority (FCA). With such brokers, all deposits are insured against eventualities such as the broker or the robot going bankrupt.
  • Corona Millionaire platforms have the highest level of encryption to safeguard against cyberattacks. The fact that they have invested in platforms security is enough to prove that they are legit.Read our Bitcoin Robot guide for basic information on robot trading platforms like Bitcoin Era

What is Corona Millionaire?

Corona Millionaire is a trading bot founded in January 2020 to take advantage of the ongoing Coronavirus crisis. The robot utilizes AI algorithms to identify currency trends and automatically place trades that match them. Corona Millionaire has a supposed profitability rate of 300% and can allegedly turn a deposit of $250 to over a thousand in less than a day of trading.

From users’ reviews on TrustPilot, it appears that most people who try it generate such returns. It is through the AI technologies that Corona Millionaire can generate trading signals with such high precision. Also worth noting, this bot is among the few high-return robots in the market today.

Most robots with the same alleged profitability come at a cost with some requiring a monthly fee of up to $5000. Crypto Millionaire is license-free for now since it is still in the beta testing phase. There is a likelihood of a fee being introduced in the near future, and hence you should grab the opportunity and register now.

Corona Millionaire will remain relevant as long as there is significant volatility resulting from related news across the globe. As mentioned earlier, the bot doesn’t require any skill to operate. You should read the trading guide that accompanies the bot carefully before clicking the trade button.

How does Corona Millionaire work?

Corona Millionaire adopts a trading technique known as High-Frequency Trading (HFT). This technique involves sophisticated and powerful algorithms analyzing currency movement charts and implementing corresponding trades. The HFT was first implemented in the currency market during the tech bubble of 2001.

High-Frequency Trading has made its fair share of successful traders among them George Soros, the world most affluent trader. It is also through this technique that Navinder Sarao, a British citizen, managed to trick the markets and generate hundreds of millions of dollars within seconds.

Corona Millionaire is a replica of the technologies used by HFT traders only that it mostly focuses on the trends resulting from the news related to the Coronavirus. With Artificial Intelligence, it is possible to set an algorithm to focus on a set of keywords. The more precise an algorithm is, the better the results it generates.

As mentioned above, Corona Millionaire depends on several brokers to provide leverage, facilitate transactions, and execute orders. These brokers offer a margin of 1:5000 and hence traders can bet on positions worth up to five thousand times their capital. Moreover, the brokers provide robust systems to ensure instant order execution. This prevents slippage hence maximizing earning potential.

How to trade with Corona Millionaire

The registration process with Corona Millionaire is easy. You do not need to be an experienced forex trader to use this robot. As said in the introduction, anyone can trade with this robot. It is highly recommended that you read the trading guide that accompanies the bot before clicking the live button.

STEP ONE: Registration

Visit the Corona Millionaire homepage and create an account using the registration form. You will need to submit a working phone and email. Countercheck the information you provide since you need to verify it later.

Corona Millionaire has all the necessary measures in place to safeguard data. They are compliant to the EU General Data Protection Regulation (GDPR), and hence it is safe to entrust your data with them.

STEP TWO: Deposit

As mentioned previously, Corona Millionaire works in partnership with verified and trustworthy brokers. Among the responsibilities of these brokers is to receive deposits and facilitate transactions.

Corona Millionaire brokers accept the same deposit options namely debit and credit cards, Wire Transfer, and Western Union. You can also fund your account through e-wallets such as Skrill and Neteller. The bot also accepts bitcoin wallets. All deposit methods are secured through military-grade encryption measures.

STEP THREE: Trading

Corona Millionaire provides a demo account to help users familiarize with the various functionalities of the robot. Even when the bot is entirely auto, you must familiarize with the bot before going live.

Live trading with Corona Millionaire happens automatically and at a click of a button. However, users have an option to define the level of risk that suits their appetite before going live. Corona Millionaire provides an easy to read guide to help users navigate through this process.

Tips to Trading Successfully with Corona Millionaire

While Corona Millionaire is 100% auto, there are a few things you can do to get the best results out of it. These include;

  • Start small and grow by ploughing back profits – Starting small allows you the peace of mind to observe how Corona Millionaire responds to market news. This means that you can predict the best time to run it accurately.
  • Follow currency news – Learn to read and understand currency swings news. You can do so by following forex news portals such as DailyFX. Understanding market news helps you determine when to run Corona Millionaire
  • Use risk management features – Corona Millionaire provides a wide range of risk management features. These include stop-loss, take-profit, and negative balance protection features. Use the provided guide to determine how best to apply these settings.

Is Corona Millionaire legit? The Verdict!

Corona Millionaire seems to be legit, and it may be worthwhile to give it a try. This robot is beginner friendly and comes with a comprehensive guide to help you through setup and trading.

As mentioned previously, this robot is still in beta testing and hence is available for free for all users. Corona Millionaire applies sophisticated AI algorithms to trade forex with a supposed win-rate of above 90%. Only a few forex robots have such a high alleged win rate.

It is worth remembering that this is a highly specialized robot engineered to take advantage of the ongoing coronavirus crisis. Furthermore, the robot provides immense opportunities, but it is not risk-free. There is a chance of losing capital when trading with this robot.

Do not trade with an amount you cannot afford to lose. The best amount to start with is $250. You can always reinvest earnings to increase the potential of your account.

FAQs

Is Corona Millionaire legit?

Yes! Corona Millionaire appears to be legit. This robot has excellent reviews and relies on proven trading technologies.

How much should I invest with Corona Millionaire?

The minimum deposit to trade with Corona Millionaire is $250. Such a small level of investment can allegedly generate up to $3000 daily.

How much can I make with Corona Millionaire?

Corona Millionaire allegedly makes up to 300% in profits. Earning depends on how much you invest and current market conditions.

How do I withdraw from Corona Millionaire?

The withdrawal process with Corona Millionaire is quite straightforward. Fill the request form and wait for up to 12 hours for your funds to process.

Remember, all trading carries risk. Past performance is no guarantee of future results.
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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!