CoinbotLab is a trading robot that is focused on cryptocurrencies. You are supposed to deposit money and let the robot trade with it. It of course should generate you profits, not only because testimonials on the CoinBotLab website suggest it.
So, is it a genuine opportunity?
Sometimes it lets users try it in a demo mode, but that demo mode generates fake profits based on fake prices, so it is very misleading.
How do we know that CoinbotLab is losing money? Because it uses the same app as many scams that we get feedback about from real users.
This robot basically is worthless, it has no real profitable strategy, it will just generate some random trading signals that lead to losses in the long term.
So, why do scammers bother with a free and losing trading robot?
Look at our picture to see a proof, these photos were stolen from people who don’t even know that this program exists.
How it really works
The explanation is very simple. Scammers who run CoinbotLab are associated with some unregulated and shady brokers that pay them for referring new depositing clients. So, they need you to deposit through their software with their broker (Olsson Capital) in order to earn an affiliate commission.
That’s how all these scams work. And if you deposit money and let the robot trade with it, scammers will get their money and their robot will lose your deposit. End of a sad story.
CoinbotLab is a scam robot that can only lose your money, stay away from it!
If you are interested in making money in crypto trading, try it first risk free on a demo account with a regulated broker.
On the demo you will see what the possibilities and risks are, then you can decide whether crypto trading is a route that you want to pursue.