CentoBot – review and feedback about the robot for options and crypto currency

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CentoBot – review and feedback about the robot for options and crypto currency

✅ This Trading Platform is available in United States

Overview of known robots for automatic trading of crypto-currencies: CentoBot

Analyzing existing trading platforms that allow you to earn money on international financial markets using traditional tools (currency pairs, shares of enterprises, crypto-currencies, contracts for raising / lowering prices, etc.), there are increasing opinions that these brokers – these are semi-fraudulent schemes that exist at the expense of traders. The most popular of them are primitive financial pyramids, when new traders pay for the “profits” of old traders, while leaving decent interest to the creators of this online site.

Of course, every opinion has the right to exist, but it is impossible to work under the above scheme for five to ten years, almost every student of the third or third year of any higher economic institution in our country that has existed for more than twenty years will confirm this. But even if such phenomena occur (one should not forget that there can always be exceptions in any rule), the purpose of this review is not to prove or disprove this, but its main task is to show how such robots of automatic trading of crypto-currencies function as CentoBot or similar to them.

What is an automatic robot trading CentoBot

Many readers who are not familiar with the algorithms of trading crypto-currencies, hearing about the robots created for these purposes, immediately recall the mechanical creations from popular science fiction films (for example, the robot Werther from “Guest from the Future”, well remembered by those whose childhood and youth passed in the days of the USSR, or characters from the “Star Wars”). In fact, in this case, we mean a special software product. But if you need to implement and connect a program that will work in the Forex market, you do not need much time and knowledge to do similar tasks with crypto-monets, then experienced traders often cause such questions and distrust in experienced traders.

So what can the CentoBot application give to users and should it be trusted to this bot automatic trading of crypto-currencies?

Security

The service was launched in the corresponding market (crypto currency) in 2020, and at the moment it works with only one broker BINARYCENT (although on the official page one can find information that the robot maintains business relations with many well-known brokers, which should even alarm beginning traders).

No licenses, permits, as well as an official regulator, this resource does not exist. In the “Awards” section, potential users can see the mention as the best robot of binary options in 2020 (sorry, but what about the information that can be found on any resource that the crypto robot was registered in 2020?). It is also not clear who and when the bot awarded this “title”.

Also alarming are the percentages of profits that can be earned by registering on the CentoBot login: 120,150 and even 300%. Despite the relatively long period of the site, there are practically no real comments about it (only advertising reviews, which say that it is a reliable resource that allows you to earn using ready-made bots or by customizing your own robot).

Summing up the preliminary results on the activities of the company and its robots, we can say that the information that is provided at the moment on the web resource or advertising reviews does not inspire much confidence, showing CentoBot as “too” reliable and profitable bot. Increase investment three times, during the day – a promise that looks too implausible, even for traders who love fabulous stories.

Training

An experienced trader who opened a demo account on CentoBot, will be surprised by the indicators that he can count on, planning to work using the presented robot. As already mentioned, for the user of the resource, the daily profit of 200, and sometimes 300%, is quite real income indicators. But, even these figures, judging by the indicators that the resource promises, are not the limit. Of course, an experienced user, the size of the possible profit, is sure to alert, but many newcomers can succumb to the temptation of rapid enrichment

CentoBot: overview of the main requirements and financial indicators

For a full study of what each review prepared for CentoBot should demonstrate (this applies to any trading platform or bot), it is necessary to pay attention to the following parameters:

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● The minimum deposit amount is $ 250 (although on the relevant exchange, $ 10 is indicated).

● The minimum bid is $ 0.1.

● The maximum income is 90% (it is difficult to find an online site or a robot that promises such a high size).

How to replenish an account or withdraw money earned

Considering the fact that this robot works on a crypto exchange, the following cryptonyms are usually used to replenish the account:

● ZCash and others.

For replenishment you can use the appropriate purses or exchanger-sites.

Conclusions

Based on the above data and the feedback provided by CentoBot, the following conclusions can be drawn:

1. The untrue training data and other information presented on the web-resource make you think that this is a common fraudulent scheme.

2. Explicit errors (for example, getting the best bot award in 2020, and creating a resource in 2020 – indicate inattention and low level of training of owners and administration of the resource.

3. Lack of real feedback about the site – another argument is not in favor of the site.

Based on the above information, the conclusion suggests that the company and its robot are a standard fraudulent scheme developed by not very clever resource creators. But on the other hand, the time of the existence of the website and some non-standard approaches in the organization of work may indicate a non-standard approach to attract the attention of traders to their resources. Perhaps it is worth waiting at least six months or a year to fully verify the real intentions of the owners of the company and its bot.

CentoBot Review

CentoBot is an automated trading robot for binary options. When we tested the CentoBot software we see that it works with the binary option broker called BinaryCent.

CentoBot Review

The CentoBot is made to be an easy to use trading robot for binary option investors. The creators of the software really simplified everything so that your only choice to make is which underlying assets the robot should trade and which one of the 6 robots to use.

The robot can only trade on 8 different currency pairs, and does not yet include trading on other assets, read more.

CentoBot Binary Options Software

CentoBot Choice of Robots

This automated trading software is different from others because it has a minimum deposit requirement depending on the robot you choose to use. Some robots come with different trading strategies, with CentoBot, each trading strategy in called by a different name, and is its own robot.

The top robot they offer is called RSIMA Cross and it requires a minimum deposit of $3,000 at the broker they work with. They have a total of 10 different algorithms for their robots with varies names like xProfit, Rising East, Strong ADX, Bolly Band Bounce, and HP cycles to name a few.

When you look at the description of the robot called RSMIA, it says that income is 350. We were not sure if that means we will triple our money using the software, or what that number represents.

They describe the trading algorithm of the robot like this:

“In this trading strategy, we will match the RSI with the moving average cross indicator. For the moving averages, we will use the 4-period and 13-period MAs. We will buy or sell the stock when we match an RSI overbought or oversold signal with a supportive crossover of the moving averages. We will hold the position until we get the opposite signal from one of the two indicators or a divergence on the chart.”

CentoBot Results

There is a general rule with automated trading systems, that past results are no indication of future results. There reason is because no system is perfect and the financial markets are constantly changing. There is no such thing as executing the same trade each week and being profitable.

So the real results of the software will vary depending on the individual.

Brokers on CentoBot

You have only choice of a binary option brokers to use with the CentoBot software.

BinaryCent is a offshore broker, that uses a custom made trading platform. Their main feature which sets them apart from other brokers is their $10 minimum deposit and $0.01 minimum trade size.

Compare CentoBot

Investor now have many choices available, when it concerns automated trading robots for binary options. We have already reviewed almost 100 such trading softwares already. Take a minute and look at the ones that are currently popular among traders, see here.

Centobot: Automated Cryptocurrency Trading Bot Software?

This is some of the newest automated cryptocurrency software apparently. And it’s open for registration as of now. It has a multitude of different cryptocurrencies on it and is said to be extremely easy to use. So simple in fact, that even newbies can easily get started with the trading software with no experience needed.

How Does CentoBot Work?

The simple to use system is as easy as can be, where you can select the robot you want to trade with in accordance to the level of income you’re looking to invest and get returned to you. After that decision is made, it’s as simple as launching the robot. Lastly, they claim it’s as easy as sitting back and enjoying your balance as it grows.

It’s really as easy as that, just three simple steps and you’re instantly ready to start trading. You’ll get access to the ultimate crypto auto-trading robot. Again, the first step is simply to sign up and start trading, with what they claim are the best cryptocurrency binary options broker in the world. Not only that, but they claim that the platform has the highest payouts of any program currently operating online.

Once you sign up you just fund your account. You can do it with a credit card, debit card, Bitcoin, Ethereum, Litecoin, or more than fifteen other altcoins running online. Any of them can be used to instantly place funds in your account that can be used for trading.

Then they claim it’s as easy as watching your funds grow. The software goes to work instantly, and you’ll automatically start making money as the bot works for you. The amount is based on the pre-defined level of income you select, and they claim you can double or even triple your funds in just one day.

Here’s the first discrepancy I’ll say – No investment company online can guarantee tripled results in just one day. If that was the case, the company would likely be non-operational very quickly. In fact, this is the first sign of a straight up scam website. Really, you should stay away from any broker making claims of tripled income in one day with no work or experience, the industry simply doesn’t work like that.

What Is The ICO On CentoBot?

There is no ICO for the CentoBot platform, it’s simply an investment broker. And the minimum deposit you have to make to get started is $250.00 USD, but then they also state $0.10 USD as a minimum too. I’m not really too sure which one is more accurate of the real case.

Here’s where it gets better. According to CentoBot’s web developers, you can earn a maximum return of 95% on your investment. And ROI like that is absurd, and if it were true – everyone and their mother would be investing with CentoBot. Stay away from any company making these types of outrageous claims.

Who Is Behind CentoBot?

Apparently, there are a ton of different trading indicators on the company website. The different indicators they have available are CCI, STOCH, MACD, WILLIAMS, RSI and TREND.

And they also have several different trading robots apparently. The first one they use is the CryptoBot v2.0. And the robot has been setup to trade with the world’s most successful cryptocurrencies. Not only that, but it’s also based on the RSI and MACD technical trade indicators. They are promised to give you an ROI of as much as 300% a month.

The second robot they have is the Bitcoin Algo v2.1. This is said to be based on trade standards and is focused on powerful technical analysis, also taking into consideration the trading history of each cryptocurrency/fiat pair or crypto/crypto pair.

Ethereum Rise V1.1 is another of the algorithms that is set for trading on the platform. And its primary basis of operation is that of the CCU and STOCHASTIC indicators. This is for the Ethereum only, which is the second most popular cryptocurrency available.

Crypto Majors v1.1 is the next robot setup to trade with the most popular of the cryptocurrencies used online. And this is base on the RSI and MACD trade indicators, also claiming to give an ROI of 300% a month.

The altcoins combo is another of the auto-trading robots designed to work with most of the smaller altcoins. The algorithm is claimed to be proven because of its profitability, that is a result of diversifying the risks amount multiple trading assets.

Lastly, you have the option to create your own algorithm/robot and pick up the currencies as well as technical indicators you want to be used whenever you are trading.

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