Crypto MasterBot Review: Legit or another scam robot?

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Crypto MasterBot is a trading robot that claims to help traders make a fortune trading bitcoin and other cryptos. The platform allegedly applies advanced computer algorithms to identify trading signals and automatically execute trades. But is it legit? InsideBitcoins tests reveal that Crypto MasterBot is a scam.

Like other scam robots, this platform operates as an affiliate to scam brokers. These brokers aim is to steal your deposit. All their platforms are fake and dangerous since they are likely to expose you to other scammers.

This review will reveal the intricate scam behind Crypto MasterBot. We will also equip you with the skills to help you detect sham robots and brokers. Moreover, we will present some robots which we believe are legit and worth a try. Keep reading or go straight to a tested and proven bot by clicking the trade now button in the table below.

  • Robot
  • Rating
  • Properties
  • Trade
1
 
Free to use
  • 82% claimed win-rate
  • $250 Min Deposit
  • Accepts Debit and Credit Card
All trading carries risk

Is Crypto MasterBot legit? No!

If you are thinking of trading with Crypto MasterBot, we suggest that you stop. We have conducted a rigorous analysis of this robot, and we are confident that it is a scam. InsideBitcoins investigation follows three steps namely;

  • A background check on information provided on the robot website
  • An in-depth review of individual users’ reviews on consumer review sites such as Trustpilot
  • A live test with the minimum deposit required to trade with a robot

We have carried out all the three tests on Crypto MasterBot and ascertained with 99% certainty that it is a scam. Here are our findings.

  • InsideBitcoins gives Crypto MasterBot a legitimacy score of 3% – Almost all information on their website is inaccurate
  • Crypto MasterBot scores 10% in customer feedback – At least 99% of the reviews that we have come across point out that this robot is a scam
  • Our live test shows that Crypto MasterBot makes predetermined losses – We lost a deposit of $250 within an hour of live trading

Read the interpretation of these results below or go straight to a legit robot by reading our Bitcoin Trader review.

Crypto MasterBot scam – Test Results Explained!

Crypto MasterBot is hard to detect scam given that they do not use the hype marketing used by most scam robots. Moreover, the information on their website appears informative until you look closely and realize that it is all false.

For instance, they claim that their algorithms have the power to analyze thousands of charts in a split second and execute trades. However, InsideBitcoins investigation shows that they do not have any proprietary technology. What they present as the trading software is nothing but a poorly built mock of a real trading robot.

Our live test proves beyond doubt that the Crypto MasterBot platform reports predetermined losses. As mentioned above, we lost a deposit of $250 in less than thirty minutes of trading with this robot. Further investigation shows that most people who try this robot lose their deposit in the same frequency and about the same time. This can only mean that Crypto MasterBot presents fake results.

Regarding customer service, this trading robot is among the worst. Like most scammers, they only respond to inquiries about how to make a deposit. Our investigation shows that they never respond to questions relating to withdrawals. Additionally, we found a lot of complaints about people who got blocked from the platform for insisting on withdrawals.

Legit robots provide 100 percent accurate information and are willing to disclose more on customer request. They are also highly likely to have generally positive customer feedback. Furthermore, they will never prevent traders from withdrawing their capital and are likely to have a highly responsive customer service. Read our Top Bitcoin Robots 2019 review for legit trading robots worth a try.

Who is the founder of Crypto MasterBot Scam

There is no information about the person or company behind this robot. Perhaps this is because the scammers behind this robot fear that authorities will apprehend them if they reveal their real identity. Furthermore, the brokers listed as Crypto MasterBot partners are not traceable. They have no regulation and do not disclose any information about their physical location. Unregulated brokers are usually a scam and will never reveal their real identity for fear of getting caught.

We recommend that you avoid any robot that is not willing to disclose about its partner brokers before deposit. Moreover, never register with a robot without verifying if its partner brokers are regulated. The world best regulatory bodies for brokers include ASIC, FCA, FSB, CFTC, CYSEC, FINMA, and NFA. Avoid unregulated brokers or those regulated by less popular authorities such as St Vincent and the Grenadines. Read our Cryptokartal review to learn about what to look for in a legit broker.

More reasons to avoid Crypto MasterBot

Crypto MasterBot partner with scam brokers to swindle unsuspecting traders. Unlike most scam robots, this platform is well-camouflaged meaning that anyone, including experienced traders, can fall for it. InsideBitcoins main goal is to help traders identify legit robots and avoid scams such as this one. The following are more reasons we believe that Crypto MasterBot is not worth your time and money.

Easy but unsafe registration process

While the Crypto MasterBot registration process is easy, it is not safe. Like most scammers, Crypto MasterBot does not care about users’ privacy. We found a lot of complaints about people receiving spam emails from multiple scammers after registering with this robot. This is because Crypto MasterBot shares users’ data with other fraudsters, including hackers. Your banking details may be at risk of getting stolen if you deposit with this robot.

We take user safety as a critical determinant of a legit trading robot. A platform that is not willing to invest in cybersecurity does not take its users seriously. Read our Bitcoin Rush review for a legit robot with top security measures in place.

No withdrawals

As mentioned earlier, once you deposit with Crypto MasterBot, there is no way to recover back your money. They will take you in circles if you demand your money and eventually block you. There is no way to raise a dispute against them since there is no way to trace them.

The scammer behind this platform only introduces himself as David and does not reveal his face. Moreover, this review determines that the brokers listed as Crypto MasterBot partners are a scam. Any deposit made through Crypto MasterBot goes straight to these scam brokers. And as mentioned earlier, these brokers do not have any legal registration or regulation. This means that there is no way to trace them.

Fake trading platform

InsideBitcoins live test shows that Crypto MasterBot does not have the technology it claims to have. We did not find any evidence of what they present as trading software works. Moreover, there are a lot of complaints about the Crypto MasterBot software making consistent losses. We have determined that it takes less than an hour to lose a deposit of $250 through this robot.

The Crypto MasterBot robot is said to be fully auto, but there are a lot of complaints about the platform being complicated. Scam robots tend to overcomplicate their platforms to trick traders into believing that their deposit is lost because they do not know how to use the platform. Read our review of Algo-Signals for a semi-auto, easy to use, and highly legit trading robot.

How to identify a legit trading robot

Legit trading robots tend to have some similarities which are not hard to detect for a trained eye. These include;

  • Verifiable registration information
  • Generally positive customer feedback
  • Proven performance track record
  • Highly regulated partner brokers
  • A well-defined data-protection policy

InsideBitcoins takes these and many other factors into account when determining a legit trading robot. Top ranking trading bots such as Bitcoin Trader tend to score highly in all of the above metrics.

Is Crypto MasterBot legit? The verdict!

Crypto MasterBot is a terrible scam that steals deposit and exposes users to more harm by selling their data to other scammers. InsideBitcoins recommends that you stay away from this platform and instead try a tested and proven robot.

We suggest that you try Bitcoin Trader, which is a tested and proven robot. Our review of Bitcoin Trader shows that it is possible to make a daily return of up to $1k through this robot. Click the “trade now” button in the table below to get started with Bitcoin Trader.

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

FAQ

Is Crypto MasterBot legit?

No! Crypto MasterBot is a scam. You will lose money if you register with this platform. Our investigation shows that the people behind it are scammers.

How much should I deposit with Crypto MasterBot?

Do not deposit any money with Crypto MasterBot. Instead, try Bitcoin Trader, a robot we have tested and proven to be legit.

How much can I make with Crypto MasterBot?

Like other scam robots, Crypto MasterBot makes predetermined losses. You will lose money if you deposit with them.

Can I withdraw my money from Crypto MasterBot?

Crypto MasterBot is a scam whose primary purpose is to steal deposits. You will never get your money back if you deposit it with them.

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.

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