In this Calloway Crypto System review we explain that this trading robot is a disgusting scam that you have to stay away from. It is presented by Brett Calloway.
The Calloway Crypto System is presented as a robot that is able to trade automatically on your behalf. It will generate trading signals for cryptocurrencies and execute them so that you don’t have anything to worry about.
The robot allegedly can win up to 96% of trades, which would make you very rich very quickly. Yet, it doesn’t cost anything. Is this normal?
The Calloway Crypto System scam
A free software that will make you a millionaire of course is not normal, in fact, it is a nonsense, nothing like this exists. If becoming a millionaire was a matter of a free trading software, the economy would collapse.
Calloway Crypto System is a scam. It is an evolution of the Calloway Software scam that we have already reviewed. It was designed to make money to scammers. For that it needs to get your money and we will explain how it will do it.
The first step in robbing you is to make you believe that the Calloway Crypto System is a profitable trading robot. Therefore, they will provide you with a demo that will generate great profits. But they will be fake and it is easy to prove.
Look at our picture. The first thing you should notice is that all trades last only one second, which impossible in real trading, because the execution of your trades depends on liquidity and crypto markets are not liquid enough for scalping at such a rate.
The second thing is that the illiquidity of crypto markets never offers such tight spreads as the Calloway Crypto System demo suggest. It opens and closes the trades with Bitcoin costing the same amount of dollars, the difference being only in cents.
Open any crypto exchange or a broker’s website and you will see that the spread between the ask and bid price with Bitcoin is always several dollars, never cents only, it is never that tight. This proves that the Calloway Crypto System demo is fake, that it is a scam.
On our second picture of the Calloway Crypto System review you can also see that the same trading software is used by at least one other investment scam.
How they get your money
If you are not experienced enough to see that the demo they provide you with is fake, as we explained and proved above, you might fall into the trap and think that the Calloway Crypto System is profitable.
So, they will push you to deposit your money with a broker of their choice. This broker will be unregulated and scammers who run this show are affiliated with that broker. So they get paid for referring new depositors to it.
Once you deposit, scammers will get paid their provision and their software will lose your money in trading. You will never get your money back, end of story.
The Calloway Crypto System review conclusion
The Calloway Crypto System is dirty scam, it was made to lose your money with a dirty broker, stay away from it!
If you want to try to make money in crypto trading, start on genuine free demo with a regulated broker.
Don’t trade with real money until you know what you are doing and you understand the risks.