One of the most important things that investors need to be able to place successful trades is information. They need trending news and the kind of influence it could have on the price of the digital currency. News plays an important role in predicting the movement in price and today there are many investment tools available that can analyse bits of crucial information and convert them into signals which can be used for trading.

The Bitcoin News Trader claims to be a software that offers trending news. According to the people who developed it, the software is capable of analysing bitcoin related news round the clock and make predictions regarding its trend.

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One of the most important things that investors need to be able to place successful trades is information. They need trending news and the kind of influence it could have on the price of the digital currency. News plays an important role in predicting the movement in price and today there are many investment tools available that can analyse bits of crucial information and convert them into signals which can be used for trading.

The Bitcoin News Trader claims to be a software that offers trending news. According to the people who developed it, the software is capable of analysing bitcoin related news round the clock and make predictions regarding its trend.

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Basic Information:

  • Price: Free
  • Software: Cryptocurrency Trading Robot
  • Max Returns: No Data
  • Min Deposit: $250

Pros:

  • Web-Based

Cons:

  • Non-Existent Creator
  • Fake Results
  • No Risk-Free Trading
  • Negative Feedback

Top10BinaryDemo Verdict

Not Reliable Service

Bitcoin News Trader Explained

Wouldn’t it be great if someone else worked on your behalf and you got paid for the job done? It would certainly be and anyone in this world would be willing to take up an opportunity like that. The Bitcoin News Trader claims that its analysts work in conjunction with automated trading programs to deliver the best trading signals for traders.

The software they are offering is available for free and traders don’t have to do much to be able to use it to earn passively. They say that traders can make trading decisions based on the signals that are delivered to them.

They also say that by using this trading tool, traders will be able to save a lot of time and hassle that would otherwise be taken up in analysing the markets manually.

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But, when we carried out a research, we found a number of discrepancies. Their claims simply don’t match with the actual results produced by Bitcoin News Trader. It is quite wrong to assume that this trading software has the characteristics of a reliable tool. It hasn’t been able to produce consistent results and it has never been able to help traders meet their investment goals.

How Does Bitcoin News Trader Work?

It was really interesting to see the working mechanism of Bitcoin News Trader. At first, they tell you that they will generate signals for you by analysing the bitcoin markets. They say that they make use of several reliable news sources to gather information and then their analysts make predictions by spotting trends and patterns in the news.

Then, they say that traders have to make a minimum investment of $250 to get started. If the software is free, then what is this payment for? In any case, traders should be allowed to invest as much or as little as they want. But, with Bitcoin News Trader, the minimum that is required is $250 which clearly indicates that they will put traders into contact with a broker from the industry who will require this amount as the minimum deposit.

Their operational process is identical to those that are commonly used by scammers. They won’t tell you that they will be picking a broker for you until you sign up with them. Unless you add the minimum deposit which is mandated by the broker, you will not be able to get access to the software.

Basically, all they are looking for are depositors. The people who are operating behind Bitcoin News Trader get a referral commission when someone joins the broker they assign and add fund to the account.

Bitcoin News Trader: Scam or Legit?

We did not find anything legitimate about Bitcoin News Trader. This trading tool is relatively new and it doesn’t look like the team has managed to put together a proper system in place. There is no guarantee that traders will get timely and accurate information when they make use of this tool. Moreover, getting wrong information about price movements can prove to be disastrous for traders.

There is no evidence that Bitcoin News Trader is capable of producing reliable signals. We don’t know who the experts are in their team. If they were well known personalities, then they would have certainly mentioned their names.

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Another thing is that they claim to be using automated software for news collection. However, they haven’t mentioned which indicators or technology they have implemented into the system which makes it so accurate and reliable.

Furthermore, the team is using pressure tactics to make traders sign up for this trading tool. By stating that only limited number of licenses are available, they are trying to rush traders into becoming their member.

We don’t think Bitcoin News Trader is a worthy solution because we haven’t seen any actual proof that it really works. There are no traders who have been satisfied with its performance. Since the tool is highly unreliable, we believe that it is a scam that has been designed to steal funds from traders.

Summary

Traders will be wasting their time if they opt for this software. the worst part is that they will be wasting their hard earned funds to buy dreams that can never come true. Bitcoin News Trader is not a genuine investment tool.

It is a fake news and signals provider that has been scamming innocent traders from some time now. The best thing that traders can do to protect themselves and their funds is to stay away from it. Avoid signing up for this tool at all costs or better look for an investment solution that is proven to work.

Conclusion:

t10demo_high_risk_stampOur investigation team conducted a comprehensive investigation on Bitcoin News Trader to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if Bitcoin News Trader is generating high profits. We found many reasons that made us suspicious about this robot being a scam.

 

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David

David

Hello!
I am David Raines, a Forex trader with years of experience in online trading. I write reviews of Forex Brokers, Auto Trading Software and Signals Providers.
David

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