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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.
Is Crypto MasterBot legit? No!
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
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.