The website of Crypto Master Bot says that is an auto trader that will generate high quality signals. This presumes that it is a profitable software for trading cryptocurrencies.
The trader is free, so you might think that you have nothing to lose, but you would be wrong!
Crypto MasterBot scam
This scam was first presented in 2018 under the name of Algo Signals. In our review we proved that it was a fraudulent piece of software designed to lose your money.
Look at our picture and you will see that the websites of these two scams are almost identical.
Dangerous and fake demo
The most dangerous aspect of the Crypto MasterBot scam is its software, more precisely the demo mode. As we have already proven in the past, the demo is fake, it will generate profits that would not happen in real trading.
Inexperienced people might therefore fall under the illusion that the software is profitable, but it is not. It is just the demo faking results, in real trading it is losing money!
Also, on our picture you can see that Crypto MasterBot uses the exact same software as Algo Signals, which proves that they are the same scam.
You might wonder, why do scammer bother to give away for free a losing software? Because their true goal is to make you deposit with one of their affiliated brokers, like S&P Broker, Brokerz, Crypto Kartal, Profit Trade or CCX Crypto.
All these brokers are unregulated and if you send them your money, the Crypto MasterBot software will make sure you lose it. But even if you don’t let the software trade, the broker will not let you withdraw your deposit, so you will lose it anyway.
This is how these scams works, in cooperation with shady brokers they take your money. This why they want you to believe that their crappy software is profitable, it is a way to persuade you to send them your money. Don’t do it!
Crypto MasterBot is a disgusting scam with a fake demo, it is made to lose your money with an unregulated broker. Stay away from it!
If you want to try crypto trading, start on a genuine free demo account with a regulated broker.
Forget about free robot and traders that will make you money, they don’t exist. Profitable trading is something you have to learn.