XBT News Trader allegedly is a crypto trading program which trading signals are based on an analysis of hundreds of news sources. A team of analysts supposedly is behind these decisions.
So, can XBT News Trader really make you money for free, since the system is free?
XBT News Trader Scam
The reality is that XBT News Trader is a scam that first appeared under the name of Bitcoin News Trader, see our review.
It is designed to take your money and lose it fast. Check our picture for the comparison.
As you can see on our picture, it is just an edited stock video that has been used by many different projects.
The fact is that XBT News Trader is providing investment advice, since it wants to tell you when to enter cryptocurrency trades. And this is a regulated activity overseen by national financial regulators.
But XBT News Trader is completely anonymous, it is not licences by any regulator, therefore it is an illegal service in most countries.
As you can see on our picture, the second step of the registration will push you to deposit money with an unregulated broker called Golden Markets, which by the way is the subject of a warning from the Financial Conduct Authority.
People who run XBT News Trader are paid by this broker for referring new depositors who will quickly lose their money. That’s the reason why they are doing all this.
XBT News Trader is a known scam with a new name, stay away from it!
If you want to earn money in crypto trading, start practicing and learning on a free demo with a regulated broker.
Start trading with real money only if you manage to build a profitable strategy on the demo.