ICO Money Maker: Scam or Legit Trading Robot? Author: Patrick Webber Last Updated: 08 April 2020 ICO Money Maker is a platform that claims to help investors make at least $5000 per day investing in ICOs. The app allegedly scans the markets for great ICOs and automatically invests in them on behalf of investors. But is ICO Money Maker scam or legit trading robot? InsideBitcoins investigation reveals that ICO Money Maker is a scam. Their “money-making potential” claims are not only false but also ridiculous. This review explains everything you need to know about this scam trading platform. It also presents vetted and verified alternatives. Visit our best robots page by clicking the button below or keep reading to learn more about ICO Money Maker. On this Page:Contents [show] Is ICO Money Maker Scam? Yes! InsideBitcoins gives this trading robot a legitimacy score of below 10% – Legit trading bots score above 80%. ICO Money Maker has poor online sentiment – Most people complain about losing their deposit in the first few minutes of trading. Most of the information provided on this bot website is false – The testimonials and founder’s profile is fake. ICO Money Maker website and web-trader are not safe – The site does not have an SSL certificate. InsideBitcoins investigation has revealed that this robot works together with scam brokers to defraud investors. ICO Money Maker is a complete scam, and you should keep away from it. InsideBitcoins investigation takes into account factors such as transparency, reputability, consistency, ease of use, and customer service. This robo trader is among the worst in our trading robots list. Legit trading bots provide truthful information and have a generally positive online sentiment. They are also consistent in results and are easy to use for beginners. Likewise, their customer care is readily available to ensure a seamless client experience. Read our Cryptosoft review to learn more about what to expect with legit robots. ICO Money Maker scores poorly in all these areas. InsideBitcoins investigation found a lot of complaints about people losing money with this robot. We have also determined that this robot does not refund deposits to users who opt out before live trading. For those who opt to trade, the deposit is wiped out within few minutes of trading. We suspect that this platform is set to automatically steal from investors. What is ICO Money Maker? ICO Money Maker claims to be a piece of software that automatically identifies and executes trading opportunities in the ICOs market. How the platform does this remains a mystery given that the ICO industry is not fast-paced enough for day trading. Similarly, the industry is currently on its deathbed as regulators across the globe move in with stringent regulations. InsideBitcoins investigation reveals that ICO Money Maker is nothing but a scam. You stand no chance of making any money with this platform. Also, you won’t get your money back if you chose to deposit it with them. There is also a high likelihood that this platform will expose you to more harm by exposing your data to hackers. In our opinion, ICO Money Maker is nothing but a bait to get investors to sign up with unknown and scam ICOs. Our tests reveal that you will be asked to invest in unproven initial coin offerings if you open an account with them. These ICOs are nothing but websites aimed at tricking unsuspecting investors into signing up. We recommend that you stay away from this platform. Keep reading to learn more about the ICO Money Maker scam and also get recommendations for legit trading bots. Who Founded ICO Money Maker? Like most scam trading platforms, ICO Money Maker does not disclose any information about its founders and team. Furthermore, they do not have active customer service lines. The contact page on their website is unresponsive, and they do not provide any other contact method whatsoever. ICO Money Maker also does provide any information about its registration as a company. There are also no details about its physical location. When it comes to partner brokers, this platform only discloses them after sign up. This is because all of them are sham and investors are likely to opt out of signing up if they know about them. With all these details lacking, there is no way of holding this platform accountable if they disappear with your money. Our analysis of online reviews reveals that most people who have tried this platform have lost their money. Once you make a deposit, you can’t withdraw back your money. Also, if you decide to trade, your account is likely to be wiped out in seconds. Click the button below to read a review of Bitcoin Compass or keep reading to learn more about ICO Money Maker scam. Why is ICO Money Maker a scam? InsideBitcoins tests reveal that ICO Money Maker is a complete scam. Our investigation is based on four main pillars namely transparency, reputability, consistency, ease of use and customer service. ICO Money Maker scores poorly in all these areas. Here are some reasons as to why you do not open an account with this trading platform. Fake platform and testimonials ICO Money Maker web-trader is nothing but a template. We did not find any evidence of underlying technology. Our investigation points to the possibility of the platform being nothing but a page that tricks investors into opening an account with offshore scam brokers. ICO Money Maker claims to apply the blockchain technology and AI in its approach but does not provide any explanation of how it does. Additionally, InsideBitcoins analysis of the testimonials on their page reveals that they are false. We did not find any information about the individuals listed on the website. Some of the photos provided for past investors are downloaded from stock images. They also falsely claim to work in partnership with BITFINEX, Coindesk, GDAX, and The Coin Telegraph. Poor online sentiment Most people who have tried this trading robot report that it is a scam. InsideBitcoins analysis of online reviews reveals that at least 99.9% of users report losing their money. Our investigation further shows that ICO Money Maker does not allow any withdrawals. Once you deposit money with them, consider it as lost. This goes without mentioning that you won’t make a single dime trading with this platform. As mentioned earlier, investors who try this bot report losing all their capital in the first few minutes of trading. Unsafe website and trading platform InsideBitcoins finds ICO Money Maker website and trading platform to be unsafe. First, their website does not have an SSL certificate. A Secure Socket Layer (SSL) is an internet protocol that ensures that all data passing through a site is encrypted. This means that hackers cannot intercept and read it. With ICO Money Maker, hackers can easily access and download users’ information. Moreover, the same can happen to the web-trader since it is built on the same unsecured domain. What this means is that there is a possibility of hackers stealing your information including billing details if you sign up with this platform. Even worse, ICO Money Maker appears to share users’ information with third-party brokers. You are likely to receive a lot of unsolicited offers from sham offshore brokers if you sign up with this trading bot. Terrible customer service ICO Money Maker customer service is mostly unavailable. The contact page on their website is unresponsive, and they do not provide alternative contact lines. A live chat option is there, but it is mostly unanswered. InsideBitcoins investigation reveals that ICO Money Maker sole motivation is to get people to deposit with scam brokers. This means that you must follow up with these brokers for customer services. These brokers are likely to block you once you express the intention of withdrawing your funds. They will also try to try trick you into depositing more money with them. This explains the many unsolicited offers users receive after opening an account with ICO Money Maker. When determining a legit trading bot, customer service should be the number one factor to consider. Trustworthy platforms not only invest in communication infrastructure but also the team to answer clients questions. Additionally, there should be a fixed phone number through which clients can reach out for help. All the robots recommended in this review have been verified to have excellent customer services. Should I sign up with ICO Money Maker? ICO Money Maker is a scam, and you should not sign up with it. InsideBitcoins tests reveal that this platform partner with scam brokers to steal from investors. You are likely to lose your money if you sign up. InsideBitcoins tests find this trading bot highly suspicious given that it has no traceable founders, team or phone numbers. The information provided on their website is false and appears geared towards tricking investors to signup. We recommend that you avoid this trading bot and instead trade with the alternatives provided in this review. Keep reading to learn about our tested and proven trading bots. Recommended Robots The robots in our legit list have been tested and proven to be legitimate. InsideBitcoins tests are based on hands-on experience and also an analysis of individual users’ online reviews. As previously mentioned, our legitimacy tests take into account factors such as transparency, reputability, safety, ease of use and customer service. A transparent platform truthfully discloses all the information that users need to have to make informed decisions. Reputability is all about users’ feedback after using the robot. The following are our top pics for the best trading bots in 2019. Bitcoin Investor This Bitcoin robot guarantees investors an average profit of $1200 per day. The minimum amount you can invest with the robot is $250. InsideBitcoins legitimacy tests find this trading bot highly legit and worth a try. Bitcoin Investor applies proven technologies in artificial intelligence and machine learning. We have determined that this robot is easy to use for all types of investors. The account opening process is simple and straightforward. This robot allows a seamless withdrawal process. Robot Rating Properties Trade Now 1 The best choice 88% win rate $250 Deposit Not a scam Visit Site Crypto Revolt Crypto Revolt helps investors make an average of $1000 per day. InsideBitcoins investigation reveals that this trading robot is legit. The minimum amount required to trade with this bot is $250. Another great benefit that comes with this trading robot is a demo account. This means that you have an opportunity to practice first before trading with real money. Crypto Revolt offers seamless deposit and withdrawal methods. All transactions through this platform happen within 24 hours. Robot Rating Properties Trade 1 The best choice 88% Claimed Win Rate $250 Min Deposit Accepts Credit Card and Sofort Trade Now All trading carries risk. Other good crypto bots can be found on our bitcoin robot page. IS ICO Money Maker a Scam? The Verdict! ICO Money Maker is a scam, and you should keep away from it. InsideBitcoins investigation reveals that this trading robot is nothing but a website template used by scammers to trick investors into signing up. You stand no chance of making any money with this platform. Even worse, they will not allow you to withdraw your money if you chose to deposit it with them. Our investigation reveals that the information provided on their website is false. The testimonials provided are also fake. Our research shows that the photos used on the website including that of the founder are downloaded from stock images sites. 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 ICO Money Maker scam? Yes! ICO Money Maker is a scam platform, and we recommend that you stay away from it. You stand no chance of making any money if you decide it with them. They will also not allow you to withdraw your deposit if you opt out of trading. How much does ICO Money Maker cost? ICO Money Maker claims to be free but requires a $250 minimum deposit as trading capital. If you make the deposit, consider the money as lost since they won’t refund it if you decide to opt out. Live trading is also useless since it appears like their sham system is programmed to wipe out live accounts after a few minutes of trading. How much should I invest with ICO Money Maker? This trading robot is a scam, and you should not deposit any money with them. We recommend that you only select a trading robot from our list of proven platforms. What is an ICO? Initial Coin Offering is the process through which new blockchain projects raise financing. It includes the investors buying tokens from the issuing company. These tokens can appreciate and are tradeable in crypto exchanges.