Super Simple Bot: Scam or Legit Trading Robot? ByPatrick WebberPRO INVESTOR Updated: 17 June 2020 Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong. If you have been into binary options trading, it is highly likely that you have heard about trading robots. The best binary options trading apps claim to have the potential to generate thousands of dollars in profit per day from an investment of less than $500. However, good binary options are hard to find given the high number of scammers in the market. Super Simple bot is one of the scam binary trading robots that you should avoid. InsideBitcoins investigation reveals that the people behind this platform are scammers. We can confirm that you will lose money if you deposit it with them. Read our review of Cryptosoft for a legit trading robot or keep reading to learn more about Super Simple Bot. On this Page:Contents [show] Is Super Simple Bot a scam? Yes! InsideBitcoins investigation involves a live test and an in-depth analysis of reviews by users who have tried the platform. We take into account factors such as transparency, consistency, reputability, customer service, and safety when determining a legit trading robot. A legit robot should not only disclose crucial details such as ownership and legal registration but must also have a proven track record. We determine the track record by conducting a rigorous analysis of reviews by users who have tried the platform. When it comes to customer service, a legit trading robot should provide multiple channels of communication. Additionally, traders should be able to reach customer service with much ease. Moreover, a legit trading robot should have measures in place to safeguard users’ data. Our live test shows that Super Simple Bot makes consistent losses. Likewise, there are a lot of complaints about this robot. The majority of users’ complain about losing their deposit and not being able to get help from the platform’s customer service. InsideBitcoins has also determined that this platform does not protect users’ data. InsideBitcoins gives Super Simple Bot a legitimacy score of 14% – Legit trading robots must score above 80% There are a lot of complaints about people losing their entire deposit through this robot. Super Simple Bot does not disclose crucial details such as the company behind it and its founder – We suspect that it is owned by scam binary options brokers. Keep reading to learn more about Super Simple Bot or read our review of The News-Spy for a legit robot. What is Super Simple Bot? Super Simple Bot claims to be a successful binary options trading robot. The robot allegedly applies an auto-trading system that generates signals and executes trades automatically. InsideBitcoins investigation has determined that Super Simple Bot is a scam and you stand no chance of making any money with it. We have determined that once a user makes a deposit, the robot automatically starts live trading. The user’s account is wiped out within hours of live trading. Our investigation reveals that the account seems to freeze after every thirty minutes of trading but the losses continue to accumulate. How does Super Simple Bot Work? In general, binary options trading bots analyze the markets for trading signals and automatically execute them in the users’ accounts. Binary Options trading involves betting on price movements by selecting a yes or a no to a statement presented by a broker. For instance, the statement can be “stock XYZ will reach $45 on a specific date and time”. If you chose “yes” and your prediction turns out to be true, you stand to make money. Likewise, if you are wrong, you make losses. A binary options broker makes money when you make losses. This explains why they can never act on the best interest of the trader when managing trading robots. Most scam binary options trading bots are owned by scam brokers. In our own view, this platform has no proprietary trading technology. What they provide is just a cleverly built webpage where users get the illusion of live trading as their money is automatically siphoned from their accounts. This platform is owned and facilitated by scam binary options traders. These brokers are unregulated and can therefore never be held accountable for stealing deposits. We recommend that you only trade with tested and reliable trading robots. Read our Bitcoin Code review for a legit trading robot. Should I open an account with Super Simple Bot? Super Simple Bot is a scam trading robot and you should not open an account with it. Instead, we recommend that you try a popular trading robot. Read our review of the best bitcoin robot. Here are some of the key reasons as to why you should avoid the Super Simple Bot. Unsafe registration The registration process with this app requires a lot of unnecessary personal data. InsideBitcoins investigation reveals that this platform shares this data with scam brokers. These brokers use this information to send unsolicited offers to users. Your billing details are also likely to get exposed through this platform. We have determined that the Super Simple Bot keeps these details after a deposit has been made. Safe practices require platforms to securely dispose of all billing details after use. Even worse, Super Simple Bot website and trading platform are not fully encrypted meaning that hackers can snoop in and steal data. Zero profits/ no withdrawals We have determined that traders have a zero chance of making any profits with this platform. As mentioned earlier, Super Simple Bot is a bait platform used by scam binary options brokers to scam people. Once you make a deposit with them, their “live trading” system kicks in reporting losses until your account is depleted. Super Simple Bot does not allow users to withdraw their trading capital if they opt out during live trading. The app automatically switches itself on until the account balance goes to zero. Fake demo platform This trading bot claims to provide users with a demo account to familiarize themselves with the platform before live trading. Our investigation reveals that the demo platform does not work. Just like the live trading platform, the demo platform appears to be nothing but a cleverly built webpage. Unlike the live trading platform, the demo platform is set to report enormous profits. Also, it does not have the same features as the live trading platform and therefore does not give users a true picture of what to expect. Live Trading As mentioned severally in this review, the Super Simple bot live trading platform appears to be a webpage without any underlying technology. Likewise, it appears to be configured to report losses until the trader’s account goes to zero. We cannot stress enough on the need to stay away from this robot. There are trading bots out there that you can try with less risks. If you would like to ty one of them, we recommend that you read our Bitcoin Formula robot review. You can jump straight to Bitcoin Formula live trading by clicking the trade now button in the table below. Why Super Simple Bot is a Scam Our investigation finds a lot of red flags that this platform is a scam. First, they claim to have a 100% accuracy level. InsideBitcoins live tests find this robot to have 0% accuracy. Furthermore, an in-depth analysis of reviews by other people reveals that most people who have tried this platform have lost money. From our viewpoint, it is highly likely that Super Simple Bot is just a page configured to report losses. This is typical of most scam trading robots. As we will see later in this review, this robot does not disclose crucial details such as the founder and the team behind it. They also do not disclose about their partner brokers until a deposit is made. This is because these brokers are a scam and have a reputation of conning people. Traders are likely to opt out if they get to know about these brokers before depositing their money. Most of the scam robots that we have come across not only keep this type of information away from traders but also tell lies. Super Simple Bot is not an exemption. Our investigation reveals that the testimonials on this robot website are fabricated. It also appears like this platform does not have the technologies it claims to have. As noted earlier, there is a high likelihood that Super Simple Bot is just but a bait page used by scam brokers to solicit deposits. How to determine a legit trading bot There are several factors that you should consider when determining the legitimacy of a trading robot. These include: Transparency – As mentioned earlier, a legit robot should reveal all the details necessary in helping a user make informed decisions. These include legal registration details, founder/s identity, partner brokers, fee mechanism, and physical location. Scam robots do not reveal these details for the fear of traced and apprehended for stealing deposits. Consistency in claimed profitability – A legit robot should show consistency in performance. Users should have a rough idea of what to expect from the robot and the real results should not deviate much from expectations. Scam trading robots promise high profitability but report consistent losses. Reputability – A legit robot should have a generally positive online sentiment. Scam robots, on the other hand, are likely to have a lot of negative reviews. Robots with a few perfect reviews are also likely to be a scam. Customer service – A good robot should provide top level customer services. They should provide multiple communication channels and their customer service should be standby to respond to users inquiries. Cyber safety – Legit robots ensure that their website and trading platforms are secure. They should have a properly defined personal data protection policy. Seamless deposit and withdrawals – Legit trading robots allow users to withdraw their money whenever they need it. The transactions should be facilitated within 48 hours and there should be little or no transaction fees. Is Super Simple Bot a scam? The Verdict! Super Simple Bot is a scam and you should avoid it. InsideBitcoins investigation reveals that this platform is used by scam binary options brokers to solicit deposits. Our tests further reveal that Super Simple Bot does not have any proprietary trading technology. What they provide is a cleverly built webpage to trick investors into signing up. There are a lot of complaints about people losing deposits through this platform. InsideBitcoins live test reveals that Super Simple Bot makes consistent losses. With this robot, traders are likely to lose all their deposit within a few hours of live trading. Super Simple Bot does not disclose critical details such as the company behind it, the identity of the founders, and physical location. This is typical of most scam trading robots. We recommend that you always carry out enough due diligence before opening an account with any trading robot. All the robots recommended by us are reliable. Read our review of Bitcoin News Trader for a legit robot with claims that it can generate $1500 in profits per day. 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 Super Simple Bot a scam? Yes! Super Simple Bot is a big scam and you should avoid it. The majority of people who have tried this robot report making consistent losses. How much should I deposit with Super Simple Bot? InsideBitcoins investigation reveals that Super Simple Bot is a scam. Be warned that any money you deposit with this robot will be lost. How much can I make with Super Simple Bot? You stand no chance of making any money with this robot. We recommend that you stay away from it and only try tested and proven robots. Read our review of the best trading robots in 2019. Can I withdraw my Money from Super Simple Bot? No! InsideBitcoins live tests reveal that this platform does not allow users to withdraw their capital. You will not make profits with this platform. Is Super Simple Bot a pyramid scheme? Super Simple Bot is worse than a pyramid scheme. You will not make even a single cent through this platform. Their live trading platform does not have any underlying trading technology. The scammers behind this robot have set it to make consistent losses.