Bitcoin Trader Review, Is Bitcoin Trader Scam Or Legit App?

Last Updated on September 11, 2022 by Alex

Bitcoin Trader review. If you think you can become the next millionaire by registering for the Bitcoin Trader scam then you are gravely mistaken and will end up losing your initial investment as well as a hefty dose of self-respect (fact). We won’t even get into the aspects related to corporate social responsibility or transparency in marketing schemes because it’s obvious that when dealing with the Bitcoin Trader scam foul play and highly deceptive activity is clearly present. This is primarily attributed to the fact that there are a few affiliate networks which are promoting the Bitcoin Trader scam very aggressively, and when unethical promoters enter the scene and start peddling fraudulent software the results are all but too well-known. We have also spotted some fake news campaigns which are being very aggressively promoted these days by a few media agencies.

We noticed native ads on Yahoo and various click-bait advertisements on other search engines such as Bing. Viewers clicking on these links will eventually find themselves on some type of spoofed (fake) news page which will in turn refer them to the main scam website (Bitcoin Trader). It’s also become evident to us that the main culprits masterminding this scheme and operating in tandem with affiliate networks and media agencies are thieving offshore CFD (contract for difference) brokers who are unlicensed to provide financial advise or manage client portfolios. FCA regulation is very clear in these matters, and not to be taken lightly. So if you are under the impression that joining the Bitcoin Trader scam will make you the next millionaire like Bill Gates and Eric Schmidt, we strongly suggest you read our informative Bitcoin Trader review and see exactly why it has been blacklisted by a variety of reputable news sites and industry leading portals.

Official Website, Login Page, and Members Area: There Are 15 (Fifteen) Cloned Versions Of This Software (They Are All Scam)

Proof of SCAM

Below is the Bitcoin Trader original sales page and registration area. Bitcoin Trader has been copied and duplicated with certain alterations dozens of times for a variety of reasons, but all versions are all essentially the same and they are all scam.

And here we have 9 documented clones of the Bitcoin Trader software. If you take a closer look you can clearly see that the sales video and texts are exactly the same. The only thing which has changed is the name, logo, and slight graphic design.

Below we can see two user interfaces, and both have the Bitcoin Trader logo. So which one is real? The truth is that none of them are! Both systems are designed to intentionally lose your money. At best the outcome is set on random so you will have a 50% chance on average of losing or making money. We know it looks very convincing, but its just phony tech designed to look genuine.

Bitcoin Trader Fake Testimonials

Well now, you can’t have a proper scam without some fake testimonials and Bitcoin Trader is no exception! If you check above you can see that the so-called “members” who rely on the software are not real people! Their images were simply stolen from the internet and used to peddle fraudulent software.

Fake Bitcoin Trader Reviews

Here we have added two fake Bitcoin Trader reviews so you could see exactly how they look like and what websites should be avoided. Noticed that these sites are giving Bitcoin Trader 5 stars and saying that it is legit. These are affiliate sites which receive monetary compensation for promoting fraudulent software. There is a direct conflict of interest here and we know that some of these sites belong to companies with a corporate culture. We don’t know when, but at some point they forgot to put the clients needs first and that’s a real shame.

Bitcoin Trader Fake News

Fake celebrity endorsements are becoming extremely popular with scammers, and with good reason. Scammers understand that celebrities and public figures tend to be more believable than anonymous people. They are using this knowledge to promote their fraudulent software, and in return they are pocketing hefty affiliate commissions.

Some famous names which have been know to be used with these types of scams include Elon Musk, Gordon Ramsay, Martin Lewis, This Morning Show with Holly Willoughby and Phillip Schofield, members of the Dragon’s Den Cast, Richard Branson, and many more.

What Is Bitcoin Trader And How Does It Work?

Bitcoin Trader is supposed to be a robotic trading app which executes trades at a 99.4% level of accuracy. It’s also advertised as an award-winning app and an easy way to generate “at least $1,300 per day”. In reality the Bitcoin Trader scam is nothing more than a hyped-up sales page which has been around for quite a while. Members who signup can attest to the fact that in many cases there is no software at all, you are merely registering for an offshore Forex and CFD broker.

Bitcoin Trader Review, Exclusive Club Of Losers!

Along with Bitcoin Code, Bitcoin Trader is one of first scams to come out of the post-binary options era. This obvious get-rich-quick scheme was considered by professional con artists to be so effective at baiting victims, that they have built an entire production line of scams around this template. Even today, it is widely used by various affiliate marketers and advertising agencies as their preferred crypto scheme. It seems the allure of easy money at the mere click of a mouse is very hard to resist, especially when more vulnerable and less educated viewers are targeted. In other words, what we are trying to tell you is that this software takes many forms. Some look like a legitimate algorithmic trading software, in other cases you will simply be referred to an offshore CFD (contract for difference) broker without even having the possibility researching what you are actually registering for.

There are also multiple versions of the Bitcoin Trader scam. Below you can see a more updated version of the app, where they added a “backstaging feature” which is supposed to allow you to “test the rules”. This is absolute rubbish and as you can see they are using unrelated texts in their sales pitch because it was obviously copied from somewhere else (who knows where).

The original version mentions the time leap feature and how it is 0.01 seconds faster than the market rates which is what gives the software it’s advantage. The whole spiel about an exclusive club reserved for new millionaires is also total rubbish and completely false no matter how you look at it. There is no back testing, no transparency in performance or statistical data to examine, no explanation about how the technology works, and nothing about who is behind it and what certifications the software has. In short, this software is totally anonymous which is a huge red flag for anyone who is interested in getting started trading Forex online.

Is It Free?

Not really. It’s going to cost you at least £250 to activate your account. And that money will be charged to your credit card by the CFD broker which was selected for you. When we signed up to test the Bitcoin Trader software, the broker which was assigned to us was Nava Gates, which is listed in Dominica (dodgy legal jurisdiction) and owned by Share Oracle Ltd.

What Are CFD’s?

CFD’s are derivatives or financial instruments that “derive their value” from an underlying asset based on selected contract rates. You can trade futures contracts, commodities, stock, swaps, and cryptocurrencies. So while its true that derivatives can be immensely profitable, they also carry a significant amount of risk. But we don’t see any mention of that anywhere in the Bitcoin Trader website, and that is both unethical as well as illegal.

Tested Systems That Work

So yes, it’s true that most systems are completely disastrous and end up generating profits for promoters and brokers. However, once in a while a new software is launched which actually has potential. That’s when we test it, and if it passes our screening process we add it to our recommended section.

Bitcoin Trader Review, Summary, and Conclusions

The Bitcoin Trade scam software is a blacklisted trading app. The affiliate networks and brokers who are pulling the strings behind it have no regards for corporate social responsibility or ethical business practices. In fact, the exact opposite is true and they will try to rip you off any chance they get. If you feel you require additional information or proof of scam, please reach out and message us through our contact page.

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