XBT News Trader came into the market recently and it has already caused some major problems for many traders. It was launched as a solution for assisting traders with their trading decisions, but it appears to be a fake program that is only targeted towards new traders.

You may be wondering what really made us write negatively about this brand new trading tool. Let us clarify that we have already conducted a detailed research on XBT News Trader and we have found that it has several scam factors attached.

Skip the Content & Read the Final Conclusion

If you are interested in learning more about it, continue reading our review till the end.

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Basic Information:

  • Price: Free
  • Software: Crypto Investment Solution
  • Max Returns: 60-80%
  • Min Deposit: $250

Pros:

  • Simple Sign-Up Procedure

Cons:

  • Fake Creator
  • Not Worthy
  • Low Success Rate
  • Negative Users’ Testimonials

Top10BinaryDemo Verdict

Not Reliable Service

What is XBT News Trader All About?

Trending news or the latest news affecting the prices of digital currencies such as bitcoins tends to overwhelm serious traders. if you have traded before, you know that in order to be successful in this industry, you have to ensure that you get your hands on the latest news while it is still hot. The reason is that trending news can help you make the right decisions and most importantly, it can help you improve your gains.

But is XBT News Trader the right solution for getting access to the latest news? We don’t think so because we have been told many things, but nothing has been proven as yet. We can’t believe that it is possible for a software like this one to collect news information from reliable sources, analyse bits of information and convert the most important ones into signals which can be used by traders to make their investment decisions. What they are trying to tell us is a lie because there is no evidence available to support their claims.

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What Does XBT News Trader Actually Do?

We have been told that there is a team of experts behind the running of this program. We have also been told that by using this software, anyone can attain financial freedom because it is so precise and accurate with its analysis.

But the main problem is that if it is so precise, why hasn’t it fulfilled the trading goals of its users? Most importantly, why are traders complaining and warning others against using it?

The reason is that XBT News Trader doesn’t work as claimed. Tons of information related to the digital currency industry is posted on the internet on a daily basis. Some of the articles are factual and some are just fake. It is not possible for any trading system to distinguish between them and make correct predictions. It takes a lot of time to identify reliable news sources and determine how different assets will react to them.

The team operating behind this trading tool only have a bunch of lies to offer. XBT News Trader isn’t a reliable source of trading signals. In fact, it is just a bait that has been thrown at traders to lure them into signing up with an affiliated broker. The worst thing about this entire scheme is that the brokers that have been chosen for you are not safe. They are notorious and have a bad reputation in the industry. They will force you into making a deposit with them which you will never get back once it is gone. On top of that, they will waste your funds in making bad trades, leaving no room for you to complain or even ask for a refund.

Important Point:

They say that the software is free. But do you think good things really come for free? No, they don’t and in the online trading world, it costs hundreds and even thousands of dollars to get access to a trading solution that works to deliver the expected results.

XBT News Trader: A Thorough Scam Investigation

We did perform a detailed analysis of this trading tool and discovered several scamming elements attached to it.

First of all, their brokers remain mysterious until you complete the sign up process with them. The reason they don’t reveal the names of their brokers is that they don’t want to raise suspicion among traders.

The next thing is that they are not regulated and yet they are offering investment advice. This is an illegal activity they are conducting and the only reason for this is that they are not honest people we are dealing with here. They are liars and crooks who are only after your funds.

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If you have watched the promo video on their website, you would have noticed the part where a group of people are holding the XBT News Trader logo. This is a stock video and it has been edited to include the logo. The same video has been used by many companies online to promote their products.

Lastly, there are complaints already coming in from traders who were unfortunate to sign up with this bogus program. In their statements, they have clearly outlined how they were scammed and why XBT News Trader is not right the right solution.

Final Thoughts

We urge traders to proceed with caution when considering an offer that sounds way too incredible. The rags to riches story is not possible with such trading systems so just stop waiting for miracles to happen.

It takes time and effort to become successful in online trading. If you are planning on using a trading tool, make sure that it is credible and proven to be safe.

Conclusion:

t10demo_high_risk_stampOur investigation team conducted a comprehensive investigation on XBT News Trader to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if XBT 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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