Crypto MasterBot Reviews – Is It An Effective Trading Software?
It is evident that trading cryptocurrencies has become extremely popular globally. This is due to the many benefits that digital currencies offer including confidentiality and privacy as well as access to quicker transactions and lower fees. To top it off, crypto CFD trading has opened the doors to new traders and even to those that have no prior experience or knowledge of the financial markets. You no longer need thousands of dollars to purchase Bitcoin directly and with access to a choice of reputable online brokers, anyone can trade cryptos today and profit.
- Another big benefit of this space is that as the popularity of crypto trading has increased, more effective trading products have been developed.
- These include, for example, trading signals, automated trading bots, analysis tools, expert advisors and much more.
- The primary reason that these products were developed were to reduce the risks of trading while maximizing the profits.
It is these products that we review in-depth in order to provide traders worldwide with accurate and honest information. In this way, they are then able to sign-up with the best products and services in the market. With this in mind, today we will be focusing on Crypto MasterBot.
Crypto MasterBot Login
From the moment you enter the Crypto MasterBot site, you are immediately informed that this is a lucrative, world-class auto trader. The video on the homepage of the site gives you step-by-step information on how to get started. You are also able to view the Crypto MasterBot dashboard from where you can make your trades. Crypto MasterBot also offers a demo mode which is an excellent feature that allows you to test the platform and your trading strategies without losing any of your hard-earned cash. The dashboard also offers a choice of features, such as Stop Loss and Take Profit, plus a trader is able to set their level of preferred risk.
- The software also offers traders direct access to a choice of assets to trade as well as access to reputable brokers from where you can make your trades.
- Another great feature is that Crypto MasterBot can be set to automated mode.
- This means that once you have set your trading parameters, the software will trade on your behalf, making profits, even when you are not around.
So, until now everything sounds very positive, right?
Well, unfortunately, we have to say that we did not sign up with Crypto MasterBot as we did not feel confident that this was legit software. The Crypto MasterBot login and website is an exact copy of the original Algo Signals site. In fact, Crypto MasterBot has gone so far as to copy the design of Algo Signals and to use the same information and content as provided by the original site. This immediately caused us to be wary of this software.
Now, we are not saying that the Crypto MasterBot site is a scam; instead we are saying that it makes more sense to sign up with Algo Signals, which is the original, trustworthy and recommended software. Let us look even deeper into the Crypto MasterBot site.
What Does Algo Signals Have to Offer?
As we have said, Crypto MasterBot is simply a copy of Algo Signals, the original, automated software that allows you trade cryptocurrencies and forex with ease. The software provides effective trading signals that tell you which asset to trade and when.
Another big plus of Algo Signals is that it is available free of charge. Once you have signed up, you are then able to access the reputable brokers that Algo Signals have partnered with. These include brokers that offer an all-inclusive trading environment from an easy-to-use trading platform, secure banking options for deposits and withdrawals, access to comprehensive educational resources and professional and responsive customer service.
Customize the Trading Parameters
Another positive feature of Algo Signals is that it caters for all kinds of traders, both new and advanced. It is evident that Algo Signals understands that no two traders are the same and their software can be customized based on your risk appetite and trading needs. Since Crypto MasterBot has simply copied the original Algo Signals, you are also able to customize your trading preferences on their trading dashboard.
This includes setting Take Profit and Stop Loss orders as well as the preferred probability of the trading signals. With the ability to fully customize the trading software, you are able to be in full control of your trading experience. This is a big plus in the online trading world.
Automated and Manual Trading
One of the major benefits of Algo Signals is that you can set the software onto automated mode and it will then trade for you based on your trading parameters. The big benefit of this is that it enables a trader to do other things while the software does all the work. In the fast-paced world we live in today, many of us simply do not have the time to sit in front of our computers for hours to analyse the markets and to decide when to enter or exit trades. With Algo Signals, all the work will be done for you. Another big advantage is that you can set the system to manual, giving you full control of your trading activities at all times.
Accurate Trading Signals
The signals provided by Algo Signals are accurate and they advise which asset to trade and when. The benefit for new traders is that they are able to take advantage of lucrative trading opportunities in the forex and cryptocurrency markets without the need for trading experience and an understanding of the financial markets.
For professional traders, the trading signals can assist in confirming their market analysis and also in fine-tuning their trading strategies. Since we did not feel confident in signing up with Crypto MasterBot, we are not able to comment on the accuracy of their trading signals.
We do not know if they have managed to successfully copy the advanced algorithm of the original Algo Signals software. With this in mind, it simply makes more sense to sign up with the original developers of the crypto trading signals and not with a company that simply copies others. Algo Signals should be your first choice.
Powerful Trading Experience
Algo Signals has really gone the extra mile to ensure that their trading room offers all the tools, services and features required to trade effectively and profitably. This includes live financial news, asset price charts, access to information on open trades and much more.
Interestingly, if you watch the video on the Crypto MasterBot site, you will immediately notice that it offers the same features as those available on the Algo Signals dashboard. Crypto MasterBot has simply copied the Algo Signals trading dashboard and has rebranded it as their own.
Responsive and Professional Customer Support
Being able to contact the customer support team while you are trading, is an important part of trading effectively. The customer service at Algo Signals is professional and responsive and they can be contacted 24/5 via Live Chat or email. In addition, the brokers that they have partnered with also offer outstanding customer support, giving traders peace of mind that they always have someone available to answer their questions and queries while on their trading journey.
In comparison, Crypto MasterBot only offers the Live Chat option for support. We did fill in our details but did not get any response. This is a big red flag when it comes to a reliable site and software provider.
Is Crypto Master Bot For All Traders?
As we have explained, since Crypto MasterBot is simply a copy of the highly recommended and original Algo Signals, this software caters to all types of traders.
Demo Trading Account
One of the reasons for this is that Algo Signals and Crypto MasterBot offer a demo trading account. The demo account available at Algo Signals provides traders with $1,500 in virtual money. You are then able to test the trading platform and the effectiveness of the trading signals without risking any real money. This is a big plus for new traders, while advanced traders can use this platform to test their trading strategies.
If you visit the Algo Signals website, you will get the opportunity to read testimonials from some of their clients. It is clearly evident that Algo Signals works and that there are people using this software and making money. Now, while we have said that Crypto MasterBot simply copied the original Algo Signals, we are happy to say that they didn’t go so far as to copy their client testimonials too. Interestingly though, when we did a search online, we found many sites that view Crypto MasterBot as a scam site and while we are not saying that the site is a scam, we would rather highly recommend for a trader to rather sign up with the original Algo Signals site and to avoid copies of trading software.
How to Sign Up
Since Crypto MasterBot has simply copied the Algo Signals site, they also seem to have copied their sign up process. As mentioned before, using the Algo Signals is free of charge. To sign up, you simply need to follow a few simple steps as follows:
- Visit the original Algo Signals website.
- Click on the ‘Register’ button on the homepage of the site.
- Provide your first and last names and your email address and click on ‘Next.’
- You will then be provided to create a password for your account.
- Once this is done, you will need to provide your location and your contact telephone number.
- Once you have accepted the Terms and Conditions, your account will be opened.
It really is as easy as the steps above. Once your trading account is opened, you will be redirected to the Algo Signals trading dashboard. From here, you can select a broker to partner with.
As part of their understanding that no two traders are the same, Algo Signals offers a choice of trading account levels. These include the Novice level, Expert level and the Master level. We really liked the fact that Algo Signals only requires a trader to deposit $250 in order to sign up with a preferred broker.
This money belongs to the trader and it used as trading capital. Each account level also offers tailored features to cater to the different needs of different traders. For example, for your $250 deposit in the Novice level, a trader also gets access to multiple brokers, 3 forex currency pairs, 3 crypto pairs, 3 open trades as well as leaderboard multiplier x1. The trading dashboard has a leaderboard which reflects the top traders in real-time.
The fact is, everything that one needs to trade forex and cryptocurrencies effectively can be found on the Algo Signals trading dashboard.
The Bottom Line – Is Crypto MasterBot Scam?
It is clearly evident that we have no faith in the Crypto MasterBot site. Since we have reviewed hundreds of products over the years, when we see a site that is simply a copy of another site, we know that it is a clear warning to stay away.
While we do not know if Crypto MasterBot did an excellent job at copying the original Algo Signals site, we do not feel that it makes sense to sign up with a copy when the original is available and already tested and proven.
With all that being said, Crypto MasterBot gets a thumbs up from us for choosing Algo Signals as the site to copy. If you are looking for reliable, accurate trading signals so that you can trade forex and cryptocurrencies profitably, Algo Signals should be your first choice.