Richman claims that his Crypto Trader system will make you lots of money. There allegedly is no risk involved, it is mathematically impossible to lose. The software is analyzing data, generating trading signals and executing them for profits.
Another miracle: Crypto Trader is free. So, can you get rich with it for free? No!
Crypto Trader scam
The sad truth is that CryptoTrader is just another binary options scam. David Richman is a paid actor telling a fictitious story.
CryptoTrader is certainly not an original scam, we noticed that it used some materials from the Multiplexer scam.
See our picture for a comparison. The beginning part of both videos are identical.
CryptoTrader of course uses fake testimonials with paid actors. The people you see in the video have never traded with the software, let alone made some money.
Because this software is old, we have a lot of feedback about it from real users. And they all say it is losing money in real trading!
How it really works
The real aim of Crypto Trader is to make deposit money with an affiliated broker. Because scammers who run this program get paid by this broker for referring new depositors. It’s that simple.
So everything is designed just to make deposit. If you do it, CryptoTrader will then lose your deposit in trading, because it cannot trade profitably.
CryptoTrader is a scam that will make you deposit and lose money with a broker that is not regulated. Stay away from it!
The truth is that you can make money in trading, but first you have to learn and build a profitable strategy on a free demo account with a regulated broker.
Don’t quit the demo until your strategy is proven to work.