Fx Coinbot Review Is FXcoinbot.com a Scam or Legit Trading Platform

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FX Coin Bot Review: An Obvious Scam

FX Coin Bot Review: An Obvious Scam

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Last Updated: Nov 5, 2020 @ 11:19 am

FX Coin Bot is one of those free trading platforms that provides a bot for trading Forex, stocks and Cryptocurrency assets. However, in as much as it sounds like a deal since it is free to use the platform, I’m advising the trading community against FXcoinBot.com trading platform. You could do really well with these Forex trading resources and if the idea of utilizing a Crypto wealth management sounds good, you should stick around as we are planning to introduce an interesting addition into our list of recommended trading resources.

The developers are anonymous but are claiming that FX Coin Bot trading app has experienced 100% accuracy rate in some days when the markets are stable. They also claim that the platform gives access to 3 trading strategies which include trend-following MACD, Bollinger Bands, EMA, exponential moving averages and Ichimoku Kinko Hyo.

A newbie would easily think that these indicators are the solution to any trader’s problem especially those who want to make quick riches on the financial markets. The problem is that these indicators don’t guarantee success.

In fact, the best traders rarely use indicators because for one, indicators tend to lag behind unlike price action where traders anticipate what the market will do next based on the shape of the previous candlesticks. This is what is trained in this course and you should consider subscribing for the course if you want long-term success instead of relying on FX Coin Bot, Dax Robot, 1000 Bitcoin Trading robot, FX Good Way EA and many of those robots which come and go.

In fact, as I review FX Coin Bot now, I’ll promise you that this bot won’t last 1 year. Most of the similar bots that I reviewed here nearly 1 year ago exited the market after scamming victims.

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This might be the case with FX Coin Bot but before we make this conclusion, we’ll go through the features and give a proper analysis of how this works and whether or not you are likely to lose money with the FX Coin Bot.

FX Coin Bot review

FX Coin Bot website wants the community to believe that their robot is a top-notch piece of technology which provides trading solutions in a one-click, easy-to-use setup.

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Their main selling point is that FX Coin Bot success is based on 30 years of historically proven trading strategies. The developers did not mention which strategies they are talking about other than telling us that they are using indicators in addition to fundamental and sentimental analysis.

This information is generic in nature as it fails to communicate effectively what the bot does in order to make abnormal profits as claimed on their website.

Moreover, they claim that FX Coin Bot is 100% endorsed by the trading community but when you look online for reviews or customer feedback, you find nothing in the trading forums.

The other promise that the developer of the FX Coin Bot is giving is that their product is the best trading platform in 2020 and beyond. If this is so, one may ask where the really good trading platforms rank.

Breakdown of FX Coin Bot features

  1. Over 200 assets to trade including Forex pairs, Crypto and stocks.
  2. 3 highly-accurate trading strategies
  3. Live chart access and news feed
  4. Partnership with regulated brokers
  5. 100% free consultation with expert traders
  6. 24/7 customer support
  7. Reverse trading feature to trade against the market (quite weird)
  8. Highly professional trading application

The truth about FX Coin Bot

The best trading robot in the world can’t be free. Let’s just face it. Secondly, it appears that the offer of giving access to the first 500 traders free of charge is something the developer is using to attract subscribers who will end up depositing funds with the recommended brokers.

You need to think that when a robot is so good, it comes at a premium price tag or at least a monthly subscription price.

So in this case, the owner of FXCoinBot wants traders to believe that the trading platform will solve their money problems which is exactly the opposite of what I see.

The idea of a reverse trading feature is quite stupid. You have never heard any professional trader saying you can go against the market and still make money. If you are a bank or a financial institution, that is possible. But if you are a retail trader (which means a small fish trying to compete with big fishes), you will quickly drain your account.

I also think this vendor just hired some developers to create the platform based on trading indicators. If you use FX Coin Bot, you’ll be losing money because these developers are not traders and secondly, nobody has ever used these indicators to consistently generate income from the financial markets.

How you’ll get scammed by this platform

The idea is to have you deposit the minimum required funds for trading which in this case could be $250.

They have linked the robot with shady brokers who are also unregulated. Once you place a deposit and the robot starts trading, it will take a few hours before your account balance gets to zero.

Our best advice for you

You must choose whether or not you want to get scammed by these internet marketers. No trading performance can be provided to back this robot and yet they make bold claims that the FX Coin Bot is the best robot of 2020 and beyond. In 2020, they will come up with something else to try cashing on the ignorance of hungry traders who want overnight success. In fact, these tricks keep evolving every year and if you’re not keen, you might just fall for them. Thankfully, we will be updating the community on the happenings in this industry so we can keep you on the know.

If you don’t know how to trade, utilize one of our highly recommended trading bots on this page. You’ll be relieved of the stress that comes with analyzing the market or using fake trading robots to try making money from the markets. It’s frustrating as people lose money a lot.

FX Coin Bot Updated Review

FX Coin Bot is yet another trading robot for the Cryptocurrency and Forex trade market. It makes use of various techniques and strategic indicators in order to let your trade dreams manifest on auto pilot. One of the claims that its developers makes is that it’s a very simplified bot that can be used by amateurs or newbie traders. Since, the newcomers in this trade sector are not well aware of the finer details and tactics of the marketplace, FX Coin Bot seems like the dream option because of the over-simplicity of design and operation. But is this really reliable? Or, is it a scam?

One of the surprising factors about FX Coin bot is that the developers or company owners are shrouded in secrecy and any information regarding them has been kept anonymous. Although, the software claims to make CFD trading pretty simple and interesting (especially for the newbie traders), anonymity of developers still puts a big question mark on authenticity and credibility. At the very least, it disturbs me a little bit to not know the who is behind a product and puts the customer (investor) in a big risk situation when it comes to making an investment.

Getting to Know FX Coin Bot, Inside-Out

Every CFD bot starts with claiming to be “secure” and “best” in the market; but is FX Coin Bot all of this? Well, it is hard to find a lot of negative reviews about this. Firstly, you don’t have to download the software because it’s all on the cloud.

Secondly, the developers of this software claim that it is one of the most proficient systems out there that is making Forex and CFD trading not only simpler but also purely fun! They have set into motion an efficient trading system (much like our binary options software) that is backed with tons of research and tested (proven) market strategies to make the trading automated. Even with all this functionality, this Forex and crypto trading robot claims to demand no subscription fee for joining; i.e. FREE signup and no upfront charges. Eventually, you would have to invest some amount in a trading account, in order to get the software running (however, it’s all on auto-pilot…sounds cool!).

Another worth noticing factor in FX Coin Bot is that it tends to both types of Forex pair, BTC/USD and USD/EUR. Now, if you have stepped into the Forex and crypto market, you would appreciate this functionality a lot. This adaptability means that you get to have more options as a trader (which is a win-win situation) and just in case you are interested in making investments in FIAT currencies, FX Coin Bot would be able to assist you.

Strategy

FX Coin Bot, ironically, puts more emphasis on the fact that it’s not a subscription based platform. This “free signup” feature seems like a minor detail when you start observing other features that are more focused on the strategy and the indicators backed by tested techniques and trends.

The bot appears to be utilizing its powerful operating strategy from three streams…MACD, Exponential Moving Averages and Trend. FX Coin Bot indicators make use of the EMA, Bollinger Bands, Price action movements (they also mention, Ichimoku Kinko Hyo) and Stochastics. The developers claim that these techniques have 30-year history of success (that came with gradually improving on incoming data and results).

To explain FX Coin Bot’s strategy in simple terms, it would suffice to say that it is a combination of trading app and signals provider much like DaxRobot. Since, it is an automated bot it employs intricate algorithms to offer you most targeted trading solutions (thus enhancing the chances of success).

Analysis

Here are some facts and figures about FX Coin Bot…

● Company Information: Not Available
● Founded: Aug, 2020
● Strategy: Combination of signal provision & trade application
● Trading Results: Not verified
● Price: Free signup (deposit required for starting the bot)

Although, the signup process is absolutely free of charge…you would certainly need to fund the account in order to start the bot on auto-pilot. They require a minimum deposit of around €/£/$250 (but you can always start from more than that, e.g. €/£/$500). It is advisable to start with the lowest allowed investment to observe how things work out for you.

Trading Results

The official website of FX Coin Bot does not share any information regarding trading results, which is another flaw that the app-owners must rectify.

I much rather prefer Forex Fury, and Forex Steam, two automated trading programs with verified trading results.

Client Feedback

Even though the developers of FX Coin Bot haven’t mentioned any trading results, a lot of traders review it to be very positive. One of the users have shared that they “invested €500 initially and secured a good profit in just 3 working-days”.

Conclusion

Even with all of these features, I wouldn’t shy away from observing and commenting that the developers take somewhat amateur stance while introducing the product in todays’ competitive FX marketplace. The first mistake is the very absence of any information about the developers and then the website layout that they are using is very commonplace in the binary options trade market and seems more like a scam layout. They could have put a human face to the product to increase connectivity with potential traders and should have added some differential elements in the web-theme as well (to stand out from the crowd).

Now, FX Coin Bot is undoubtedly a recent launch and we may give benefit of doubt to the lack of certain required information (e.g. trading results that may have substantiated the lofty claims) on their website. With this limited time at hand, the bot has safely avoided any negative upheaval in the trading community and has mostly received appreciation and endorsements…so it does seem like a good product to try out. However, one can only test the waters by stepping in, but remember to put one foot at a time as opposed to going all in and getting drowned.

I would rate FX Coin Bot a 3 out of 5 stars.

So, will you be giving this newly launched (visionary) bot a try? Share your feelings (Comment below) towards this bot…hopeful or apprehensive?

FX Coin Bot Review, Is FX Coin Bot Scam App?

FX Coin Bot review. Is FX Coin Bot SCAM which should be blacklisted or a legitimate trading platform? I mean this is the really important question, and one which our members and subscribers really want to know the answer to. OK, so after conducting extensive research our view is that the FX Coin Bot app and automated trading software is not only a genuine Forex and cryptocurrency trading system, it is also consistently profitable for extended periods of time. But don’t take our word for it, the entire online trading industry is raving about this new software (and with good reason). We have our usual checklist which starts with complaints, broker license and regulation audit, and the dirty affiliate network inquiry. After that we look into ease of use, navigation, user-friendliness, and coherency. If the system passes all of these checks we invest and risk our own money. In this case we invested €550 and managed to triple our original investment amount (more or less) after 4 business days. It’s worth pointing out that the software does absorb a few losses especially in the start, but then it picks up and starts generating profits.

In fact, our tests started last week and to this day it is in profit mode, so FX Coin Bot is also a consistently profitable trading software. We did have one recurring issue though. We noticed that the user interface was very similar to other scams we exposed here in the past, so we inquired about that. It seems many software companies use similar user interfaces, however in this particular case the actual technology which powers the app is completely different. We also noticed some deviations from various codes and scripts, and that also laid to rest various concerns we had. So without further ado, we would like to take this opportunity and officially recommend the new FX Coin Bot automated software to our members and subscribers.

Official Website, Login Link, and Members Area: FX Coin Bot

FX Coin Bot Review: A Brief Overview
The FX Coin Bot scam-free trading software is an automated Forex and cryptocurrency trading system which is both highly reputable as well as profitable.

What Exactly Is FX Coin Bot And How Does It Function?
FX Coin Bot uses automated signals in order to execute trades (buy and sell crypto and Forex contracts). It uses a variety of indicators and strategies in order to perform the tasks in a fully automated and seamless manner.

FX Coin Bot Review, Is It Just Another Scam Bot Or Legit App?
FX Coin Bot is unique in the sense that it specializes in “deep technical, fundamental and sentiment analysis.” It also relies on “30 years of historically-proven trading strategies” in order to get results. FX Coin Bot is based on 3 main strategies (there are others) Trend, MACD, and Exponential Moving Averages. For indicators this software uses Bollinger Bands, Stochastics and Price action movements. They also have a feature named “One Look Trading” which is based on Ichimoku Kinko Hyo (a kind of signal). If this sounds like Chinese to you then you needn’t concern yourself since all you need to do is activate the bot on default settings. The software does all the “heavy lifting” for you while you get to do the things you really want to do.

FX Coin Bot Settings, Functionality, and User Experience
FX Coin Bot is highly functional and extremely user-friendly (not to mention safe and secure). Traders wanting more control over their budget will have no problem placing a cap on their trades. FX Coin Bot supports both crypto CFDs as well as classic Forex Pairs such as USD/EUR, which is not very common these days. Navigation is highly intuitive and getting starting is pretty much self-explanatory. You don’t need to be a rocket scientist to click the auto-trade button and start collecting your cash.

Is FX Coin Bot Free?
Accessing the software will cost you anywhere between €/£/$250 – €/£/$500 depending on the broker you are assigned to. Keep in mind that while it is possible to reach a substantial balance with a lower sum, you risk losing it all because the software does absorb a few losses at the start. This is why we recommend at least €/£/$500.

FX Coin Bot Getting Started
Getting started is as easy as 1,2,3.

Step 1. Signup
Step 2. Fund your account. You may be required to fill out forms first and/or answer a phone call for verification purposes. Please keep in mind that regulators are now requiring brokers to validate customer details via phone as a part of the KYC (know your customer) policy.
Step 3. Activate the app and start trading.

Crypto CFD’s, Why Are They Profitable And What Are The Risks Involved?
Crypto and Forex CFDs (contracts for difference) can be an incredibly lucrative way to generate money, but as is always the case there are certain risks involved. Its imperative you understand how to obtain the best contract rates, have a reversal strategy, and understand basic concepts of how and when to buy a CFD contract. If you don’t you better have access to a genuine trading app which does it for you other wise you will end up losing your initial investment just like most retail Forex traders.

FX Coin Bot Review, Summary, and Conclusions
The FX Coin Bot scam-free trading app is without a doubt one of the most profitable trading systems we have ever reviewed here at Binary Scam Alerts. We are skeptics by nature, so as in all cases we have obtained a written letter from the software developers which authenticates the technology and provides the names and personal details of the developers (who also happen to be the owners). Should we smell a rat, or alternatively we start receiving justified complaints, we shall make this letter public and post it on our website for all to see. However, we already know the system works so we don’t foresee any special issues arising. Still, if you believe we have misjudged this software and would like to access additional information, please make sure to leave a message below or contact us via our Facebook page.

FX Coin Bot Review

In this review, we will describe why FX Coin Bot is a scam that you should avoid at all cost !

Scammed By FX Coin Bot ? Start the process to get your funds back TODAY !

FX Coin Bot Scam Review

Have You Been Scammed By FX Coin Bot ?

FX Coin Bot is an unregulated broker to avoid at all cost. If you have been scammed by them, check out our ChargeBack process here or get a Free Consultation by a team of expert by clicking here.

Fx Coinbot Review: Is FXcoinbot.com a Scam or Legit Trading Platform?

Yes, registering with our platform is 100% free with no hidden fees!

How accurate your bot actually is?

We offer different trading strategies, from short to long term trading. So, we can’t answer straight away because the answer will depend on what kind of approach you use to trade the online markets. However, what I can say is that we experience sessions up to 100% accuracy. Yes, that’s right our FXC0INB0T provides also 100% accuracy sessions in certain days, when the market conditions are good and there are not unexpected market swings.

Is this trading platform good for beginner traders?

Actually our platform is designed to be suitable for newbie traders. Basically that’s the purpose of the algorithms behind our application. We are doing all the hard work for you, giving easy access to the online markets. We deliver highly accurate trading ideas based on solid technical, fundamental and sentiment analysis but you are the one who decides to enter or skip the markets.

Can I get help if I need?

Yes, we do offer 24/7 mail support and we have agreement with the regulated brokers we work with, that every member of our platform will get a totally free consultation with a trading expert who will answer all your questions. Not only that but you can create a relationship with that expert so he can help you in any hard moment or whenever you have more questions.

Why Do I Need a Broker?

TO trade the financial, stock, crypto or any other online market you need brokerage. It’s similar to a bank account where you hold your investment and you use that account to trade the markets. The described trading account is yours only yours and you have full control over your funds.

Disclaimer: The trade in Forex and Cryptocurrencies can generate significant benefits but also involves a risk of partial or total loss of funds and should be considered by the initial investors. We recommend you that you read our terms and conditions and the disclaimer page before making any investment. The clients should be aware of their individual capital gain tax liability in their country of residence. This website is independent of forex and crypto brokers featured on it. Before trading with any of the brokers, potential clients should ensure they understand the risks and verify that the broker is licensed. The website does not provide investment services or personal recommendations to clients to trade forex and crypto options.

USA regulation notice: Cryptocurrencies companies are not regulated within the United States. These companies are not supervised, connected or affiliated with any of the regulatory agencies such as the Commission of Futures of Commodities (CFTC), National Futures Association (NFA), Securities Commission (SEC) or Regulatory Authority of the Financial Industry (FINRA).

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