Hyde says that he managed to develop an automated trading solution for cryptocurrencies. He called it Crypto CFD Trader and it allegedly has a 99.83% accuracy.
Hyde is now giving his Crypto CFD Trader away for free, so can you really make money this way for free?
Crypto CFD Trader scam
Unfortunately, Crypto CFD Trader is a scam that won’t make you any money. In reality it will take your own money and lose it. How? Continue reading.
Lenny Hyde scammer
Hyde is a fictitious character created by scammers for their fake story about Crypto CFD Trader.
Look at our picture and you will see that Hyde’s photo is in fact a stock photo.
On the CryptoCFDTrader’s website you will find a table with alleged live trading results. But they are fake. There are two things you should notice. The first is that the win ratio certainly is not 99.83%.
The second and most important thing is that there is not a single trade with cryptocurrencies!
On the web page you will also see some static reviews, but they are fake too, made with stock photos. Check our picture to see a proof.
So, obviously Crypto CFD Trader never featured in CNN, BBC, Bloomberg, New York Times or any other media for that matter. All you will find is fake reviews by paid affiliates who promote this scam.
How it really works
The true purpose of Crypto CFD Trader is to make you deposit money with a certain broker (Stox Market in our case), because people who run this scam are getting paid by this broker for referring new depositors.
That’s all, that’s how they earn money. This is why they made up their story, just to convince you to deposit with a particular broker so that they earn their commission.
Crypto CFD Trade is a disgusting scam full of lies that is made to lose your money with unregulated brokers, stay away from it!
If you are really interested in trading cryptocurrencies, first try it on a free demo account with a regulated broker to see if it something you could succeed in.
Don’t trade with real money until you understand everything, including risks associated with financial trading.