It doesn’t look like the Bitcoin craze is going to die out anytime soon and it’s evident from the constant release of systems like the Bitcoin News Trader. Bitcoin has turned ordinary people into successful investors and today there are many trading tools and programs available which claim to help traders attain financial freedom without much hassle.
Along with the sophisticated trading tools, there are also many which are fraudulent and fake. One of the recent trading systems that caught my attention was the said Bitcoin News Trader. I didn’t find it to have much value. It appears to be one of the bogus programs which have been designed to scam its users.
To confirm my suspicions, I carried out a detailed research. I was quite right when I said it was just a fake trading system. Further details about my findings have been shared in this review.
If you want to find out what the buzz around Bitcoin News Trader is about, then you need to read this review till the end. Understand that there are already proven to work and verified investment systems and it is wiser to join a platform like the Crypto CFD Trader instead of scam systems like this one.
A Look Into the Software
Developed by some anonymous person, Bitcoin News Trader gathers trending news from different sources. A list of its sources is mentioned on their website. According to the information on their website, traders need first-hand information on price movements to be able to trade successfully. The secret of most traders lies in their ability to obtain the latest news and figure out what influence it could have on the price movement of their chosen asset. This is, in fact, true because news plays a big role in making winning trades. But is Bitcoin News Trader the best source of trending news?
Well, the software doesn’t only stop at collecting news for its traders. Information given out on their website further suggests that they have a team of analysts who rank the news and make predictions. Their predictions are converted into signals and sent to traders by the software.
Review Verdict: Bitcoin News Trader Is Scam
But what qualifications do these analysts really have in giving out reliable data to traders? Are they truly experts? Why would they be working for free when they can use the same information to become successful traders themselves?
I am pretty sure you all must be asking the same questions. Considering the fact that the software is free, who is responsible for paying these analysts?
How it Really Works?
Nothing good comes for free in the world that we live in today. If Bitcoin News Trader was a valuable tool, it would have had a big price tag attached to it.
The analysts in question don’t even exist. How the software works as told by them isn’t true as well. Do you really think a team of experts and professionals would work for you round the clock while you generate returns for yourself only?
It doesn’t happen this way. The story is made up by the scammers operating this software. All they are looking for are depositors for the broker they are affiliated with. Such a platform can save you time in making trading decisions, but what’s the use of information that you cannot rely on. Making trades using the signals produced by the software can lead to making significant losses.
You will not be able to trade like a professional by using this software. The reason is that it is not a viable tool. The software randomizes signals and sends it to your dashboard. If you assume that they are accurate, you will be making bad trades and losing your investment to the broker you have registered with.
Keep In Mind
You won’t be able to deal with a broker of your choice if you sign up for Bitcoin News Trader. You will be designated an unregulated broker and you will be required to add no less than $250 into your account. They tell you that the funds are for investment purpose only, but the truth is that they will deplete your account by making you execute losing trades.
I don’t recommend anyone to take part in Bitcoin News Trader. During the course of my investigation, I have unveiled lies and misleading information that can be harmful to traders and their investment portfolio.
Bitcoin News Trader: Scam Factors
Bitcoin on its own has huge potential, but the Bitcoin News Trader program doesn’t. They are providing incorrect information to their users – so far there is not even a single trader who has achieved success by using this tool.
In their promo video, you will see a group of people holding a card with the Bitcoin News Trader logo. This is fake because it is a stock video which has been edited to make it suitable for the purpose. If you do a search online, you will see the same video used for a number of other projects.
The owners have chosen to remain anonymous and there is no information about their location either. It is unknown what is their level of expertise and if they even have any in regard to trading the cryptocurrency markets.
Many people have actually been tricked by their false claims and promises. Reviews and feedback available on the Internet prove that these people are operating a scam with the intention of stealing funds from innocent traders.
Most of the information available on the Bitcoin News Trader website is false. Their only aim is to connect you to cunning brokers and scam you of your hard-earned funds. Depositing a $250 starting investment onto their platform is a risk you should not take.
Based on all the details and information I have managed to gather about this trading software, I can confirm that it is a scam. Therefore, I urge traders to stay away from it and consider a properly working alternative.
Review Verdict: Bitcoin News Trader Is Scam
Hello, I am Collin Tyusm. I am a Forex blogger. I have created my blog, because I want to help people learn more about Forex & CFD Trading Software and Bots.