CentoBot Review: Scam Or Legit Crypto Trading Robot

Last Updated: 12.09.19
Overall Rating
4.5/5
Overall Rating
4.5/5
Features
3/5
Platform
3/5
Desktop Experience
3/5
Accuracy
3/5
Mobile Experience
3/5
Withdrawal
3/5
Customer Support
3/5
Trust
3/5
Features:
3/5
Customer Support:
4.2/5
Trusts:
2/5
Education:
5/5
Desktop Experience:
4/5
Withdrawal:
3.1/5
Mobile Experience:
1/5
Platform:
5/5
Home» Binary Options Robots » CentoBot Review: Scam Or Legit Crypto Trading Robot
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CentoBot Review: Scam Or Legit Crypto Trading Robot

CentoBot review is mainly for those who want to know more about this trading software.  

Try not to skip because, you will not find detailed information on their website, which we discussed below. So, we put all the information in one place so that you can easily find and make a decision before investing money. 

Moreover, CentoBot claims itself a cryptocurrency trading robot that helps investors to earn more than their expectation. But, it is important to find out whether CentoBot is legit or scam trading software. 

Similar to the BinBOt Pro, the trading bot offers binary options on Cryptocurrency and Forex pairs. The company established in 2017 with a limited number of trading assets and brokers. 

Currently, they are working with three different well-known brokers. Let’s reveal more about CentoBot to know why this trading bot is popular among  all traders

CentoBot Review: What Is CentoBot?

CentoBot Review-Binoption

Centobot is a cryptocurrency robot which established in 2017. This automated trading software offers binary trading on Cryptocurrency and Forex. 

Apart from the broker, you will get multiple robots that will trade on behalf of you.

Moreover, traders can trade the most popular cryptocurrency via this automated crypto trading software.

You can choose one depending on your trading strategies. CentoBot has partnered with three different brokers. These are BinaryCent, VideForex, and RaceOption.

We will discuss the registration process, indicators later in this review. Unfortunately, Centobot does not provide any services on the US territory.

On the other hand, trading is not licensed and regulated. Moreover, in the “Awards” section, you will see that they received an award for the best robot for the binary options in 2016

However, from other resources, we have found that the robot established in 2017. So, it is a bit confusing. 

CentoBot Review: Why Choose CentoBot?

There are some unique features available that are offered by CentoBot. These features are the main reasons why people can’t overlook trading with CentoBot.

These are: 

  • Demo account facility
  • The profit rate of 297%
  • Minimum deposit $250
  • Minimum investment $0.1
  • Maximum returns 95%
  • User-friendly robot trading platform
  • Dedicated customer support team
  • Web-based trading platform
  • Award-winning a trading robot
  • The registration process is easy
  • Popular Forex and Crypto assets
  • Customize your robot
  • More than 15 deposit methods
  • No Mobile Trading facility

High Capital Risk Is Involved In Financial Trading

CentoBot Signup And Login

The registration process is quite simple and time-consuming. Moreover, you don’t need to put a lot of information about you.

So, please, follow the below steps to open an account with CentoBot.

Click the “Sign Up” or “Registration” button to open the form where you will put all of your personal information.

Enter your first name, last name, contact, account currency, e-mail address, and password to fill the form. Then, choose your broker from the given list.

Click the checkbox to agree with the disclaimer and also confirm that you are not from US territory.

Lastly, click the “register for free” button to enter into the automated trading platform.

Click the Login button, enter your valid e-mail and password to log in.

High Capital Risk Is Involved In Financial Trading

CentoBot Partnered Brokers

As a trader, you can trade with three different trading brokers which offer by CentoBot. Each trading broker is different for its unique features.

Let’s dig into it.

BINARYCENT:

BinaryCent BinBot Pro Broker-Binoption

BinaryCent is an online trading platform which was founded in the year 2016. It is managed by Cent Project Ltd. which is a subsidiary of Finance Group Corp.

The company is based in Vanuatu where their head office is located in Transpacific Haus, Lini Highway, Vanuatu.

BinaryCent is regulated by the Vanuatu Financial Services Commission (VFSC). 

BinaryCent is a broker that offers Forex, CFD, and Options. Apart from these trading classes, this broker offers more than 15 Cryptocurrencies to trade. You can invest your money and can earn up to 95%.

The minimum deposit amount is $250 whereas you can start a trade from 10 cents. Moreover, you can use 1:100 leverage to maximize your profit.

The minimum withdrawal amount is $50.

The registration process is also simple for traders which will take only 30 sec. To open a demo account, you need to fund your account.

To start trading on BinaryCent, you have to deposit the amount of $250 that we mentioned before. Moreover, you can also choose one or more successful traders to copy.

Some benefits offered by this broker. These are:

  • Can withdraw profits within 1 hour
  • Wide range of deposit and withdraw methods
  • Weekend trading
  • Copy-trading
  • 24/7 customer multilingual support

The deposit bonus is available for traders. You will get the bonus on your first deposit and also the percentage of the bonus depends on the deposit amount.

There are 3 types of trading accounts available. These are Bronze, Silver, and Gold.

Each trading account has features which are different from one another.

High Capital Risk Is Involved In Financial Trading

VIDEFOREX:

VideForex BinBot Pro Broker-Binoption

Videforex is a regulated and leading Forex, CFD, and binary options broker that established in 2017. You will get over 100 trading assets to trade. Moreover, the traders will get return up to 95%.

To make a profit through this broker is quite simple for the options trader. Traders need to determine the price moving direction with the right price prediction.

You can perform trade through any device, even from your mobile. So, both the web platform and mobile platform are available to perform trade.

There are three types of trading accounts; Bronze, Silver, and Gold. Each trading account has some features and trading bonus. The bonus percentage depends on the deposit amount.

More than 100 of trading assets are available to trade. The minimum deposit is $250 and the minimum withdrawal amount is $50.

Apart from the forex and CFDs, you can also use popular cryptocurrencies to fund your account and trade. To enjoy the demo account facility, traders need to fund their account with a minimum amount of money.

Some advantages make this broker different from others:

  • Withdrawal processing within 1 hour
  • Trading in the weekend
  • Wide range of deposit and withdrawal methods
  • Copy-trading
  • 24/7 customer multilingual support

As we mentioned before, trading with a mobile device like android and iOS is available. You can stay connected with the global market anytime from anywhere.

The mobile traders will get almost the same advantages that a web trader will get from the broker. You can deposit and withdraw your fund via mobile app.

High Capital Risk Is Involved In Financial Trading

RACEOPTION:

RaceOption BinBot Pro Broker-Binoption

UK based broker RaceOption is a regulated broker for Forex and CFD. They have started their operation in 2014.

The return percentage of this broker is 90%. Remember, to make a profit from the financial market, you have to predict the asset price correctly.

To open an account, please fill the form with your name, e-mail, password, contact number, and select the currency type. Registration will take less than a minute. 

The broker also offers trading bonus depends on the deposit amount. The bonus percentage starts at 20%.

More than 100 of assets are available for trading via web-platform and mobile platform.

As a trader, you will get some benefits from RaceOption:

  • Withdrawal processing within 1 hour
  • Trading in the weekend
  • Wide range of deposit and withdrawal methods
  • Copy-trading
  • 24/7 customer multilingual support

There are three types of trading accounts available for traders. These are Bronze, Silver, and Gold. After opening the trading platform, you will find a list of trading assets.

After selecting the assets, you have to select the right chart type to analyze the market price.

High Capital Risk Is Involved In Financial Trading

CentoBot Top Robots

Centobot has some top robots that help traders to earn profit from the most volatile market. After opening the trading dashboard, you will find a complete list of robots.

To unlock each robot, you have to fund your trading account.

Apart from names, you will also find ALGO level, income, and minimum deposit amount.

We will give an overview of each robot below in this article.

(Note that: The profit percentage is updated daily)

Based on the signal from the CCI or the SRSI, the robot opens and closes trades. The indicators give a trader a signal in the opposite direction. The signal can be an ordinary overbought or oversold signal.

The minimum deposit amount for start trading is $500.

The overall income percentage is 280 and daily profit percentage is approximately 241%.

As per their direction, in this trading strategy, traders will match the RSI with the moving average cross indicator. And for the moving average, the bot will use the 4-period and 13-period Mas for buying or selling.

The robot will hold the position until getting the opposite signal from one of the two indicators or divergence on the chart.

The minimum deposit amount is $2500. An overall income percentage is 292 and daily profit percentage is approximately 247%.

You can trade on popular cryptocurrencies by using this robot. In general, the robot is based on sophisticated technical analysis. The Algo level is 11 pts. An overall income percentage is 230 and daily profit percentage is approximately 192%.

Traders can set up the robot to perform trade with the most popular and used cryptocurrencies.

So, you can trade based on MACD and RSI technical indicators that will give you a profit of up to 300% monthly.

An overall income percentage is 190 and daily profit percentage is approximately 176%.

Using a mixture of different macro-economic indicators through this bot you can trade.

The robot will start to perform if it gets any positive signal from volatile market.

The Algo level is 4 pts. The minimum deposit is $250. An overall income percentage is 170 and daily profit percentage is approximately 148%.

Based on the MACD and RSI technical indicators, the robot set up to trade the most popular and used cryptocurrencies. Here, for this bot, the ALGO level is 10 pts.

An overall income percentage is 200 and daily profit percentage is approximately 119%.

On the other hand, monthly this robot will help you to earn up to 300%.

The strategy depends on the volatility to push trades deeply into profitable territory. Traders can take advantage of this situation.

To open trades, you have to deposit a minimum amount of $250.

So, an overall income percentage is 60 and daily profit percentage is approximately 115%.

This robot use ADM index to measure or determine the trend’s strength. The minimum deposit is to trade is $250. Also, Algo level is 8 pts.

The overall income percentage is 130 and daily profit percentage is approximately 114%.

Based on CCU and Stochastic indicators analysis, you can set the robot for Ethereum cryptocurrency. It is the most popular cryptocurrency after Bitcoin.

Similar to the other robots, the minimum deposit amount is $250. The Algo level 5 pts. An overall income percentage is 150 and daily profit percentage is approximately 102%.

High Capital Risk Is Involved In Financial Trading

CentoBot Settings And Trading Platform

CentoBot is an automated cryptocurrency software. You can select a bot from the given list by clicking on the name of the robot.

The list will appear on the left side of the trading dashboard. On the other hand, you can select the robot based on the desired level of income.

On the other hand, you will also get a short description of each robot along with its profit percentage.

However, a trader will be able to open the full functional trading bot after funding the bot.

You can also create a robot from scratch.  To build or create a bot, traders need to choose currencies and technical indicators.

How To Create A Robot

To create a bot you have to follow some easy steps. Click the button “Create My Robot” and start following the below steps:

First, choose a name for your robot. Try to select a name which is easy to remember.

Select trade-able asset’s pairs by clicking on the empty box. You will get an approximate 21 asset pair including Forex and Cryptocurrency.

You can select whether one pair or can select all for creating a trading robot.

Adjust the level of buy and sell slider that you have selected. The slider level is free to move to any side

A list of indicators is there that you will find in the dashboard. There are almost 6 indicators available and from these, you have to choose at least three.

Apart from the indicators, you have to select the time period for the indicators to run. The time period starts from 5 min to 30 min.

Lastly, you can make your robot public by clicking the “Public” button. Recheck the full settings and save it.

From the dashboard, you can see your current balance after funding your account or after investing for a trade. Run the robot by clicking the “Start” button.

“Add Balance” button will redirect you to a selected broker page for funding amount in your trading account.

Finally, you will find a Balance chart; from where you can see your balance with time.

High Capital Risk Is Involved In Financial Trading

CentoBot Trading Indicators

There are six indicators available on CentoBot. These technical indicators help robots to take decision based on the pattern and indicators.

  • CCI
  • STOCH
  • MACD
  • WILLIAMS
  • RSI
  • TREND

CentoBot Demo Trading

CentoBot trading robot offers a demo account for traders. The demo account will help traders to know how the bots work. Unfortunately, you can run the bot only for one minute.

Moreover, traders can run the demo robot on top 10 trading robots. For that just select the robot and click on “Robot Demo”.

The initial virtual amount is $1000.  After finishing the trade, you can see your final balance in the currency balance section.

Surprisingly, the demo test always ended up with profits. However, the demo trading situation is completely different from the normal financial situation.

High Capital Risk Is Involved In Financial Trading

Trading Assets

In the trading dashboard, you will find more than 20 trading assets including Forex pairs and Cryptocurrencies. CentoBot offers major Forex pairs and popular cryptocurrencies which are paired with Forex.

These are:

Forex pairs:

  • EUR/AUD
  • EUR/USD
  • GBP/USD
  • USD/CHF
  • EUR/JPY
  • USD/CAD
  • AUD/USD
  • EUR/GBP

Crypto-Forex Pairs:

  • BTC/USD
  • LTC/USD
  • ETH/USD
  • BCH/USD
  • SAN/USD
  • OMG/USD
  • ZEC/USD
  • EOS/USD
  • ETC/USD
  • XRP/USD
  • XMR/USD
  • DSH/USD
  • IOT/USD

From this list, you can whether select one pairs or all of them to run the robot functionality.

Trading App: Mobile Trading

Currently, there is no mobile trading app for CentoBot trading robot. The robot only offers a web-based platform with Forex and digital currency pairs.

You have to trade by sitting in front of your laptop.

However, including BINARYCENT brokers, other brokers offer mobile trading for traders. So, you can download the app on your mobile device.

The application is available for the both Google Play Store and iOS store.

CentoBot Deposit And Withdrawal Process

To run the bot, traders need to deposit a minimum amount of money.

As per the bot’s requirement, the minimum deposit amount is $250. However, sometimes the amount depends on the trader’s region.

Deposit Process:

You can use your Credit Card, Bitcoin, Ethereum, Litecoin, and 15+ other Altcoins to fund your account. According to each broker, you will get the deposit bonus based on your funding amount.

The bonus starts from 20% to 100%.

Moreover, deposit your account via Bitcoin will help you to get a 5% bonus.

Transfer funds via Visa and Mastercard, traders need to pay a 5% transfer fee.

Other methods of funding time are instant. Note that funding time may be delayed during weekends and public holidays.

Withdrawal Process:

Before withdrawing your amount, the broker will request you to submit your proof of identity and valid address.

Based on the type of trading accounts, withdrawal fees will be applied.

You can use the same methods that you have done during deposit time. They charge a 5% transfer fee on credit card transactions.

Customer Support

To communicate with their support team, you can use the live chat. You will get an instant reply from them.

On the other hand, you can also communicate with the support team through an e-mail. The team will get back to you soon when they are online.

The software is available in 8 different languages.

Advantages And Disadvantages

CentoBot has some advantages and disadvantages. You will find many online robots that will help you to make your trade automated. 

CentoBot is the most accessible online Crypto and Forex trading software currently in the market, among all those.

Apart from the advantages, you will find a few disadvantages which we mentioned below.

Advantages:

  • A huge range of cryptocurrency to trade
  • Various funding methods
  • Trading bonus up to 100%
  • Multiple robots to choose
  • 6 trading indicators which are popular

Disadvantages:

  • Trading awards is a bit confusing for traders.
  • Lack of transparency
  • No terms and conditions or privacy policy link.

Is CentoBot Legit Or Scam?

CentoBot is a brand-new trading robot which started their business form 2017. On the other hand, you found a problem while we were checking their awards section.

After researching, we found that the trading software is legit and a good choice for all types of investors. 

However, we found a problem regarding their award which they received in 2016. 

The most interesting part is that, similar to the binary.com auto trading robot, you can create your bot by using at least three trading indicators.

Lastly, the CentoBot is a good option to invest your money. So, you can explore the financial market with the help of this legit trading software.

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