CentoBot Review: Scam Or Legit Crypto Trading Robot

Last Updated: January 23rd, 2023
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
Home» Binary Options Robots » CentoBot Review: Scam Or Legit Crypto Trading Robot

CentoBot Review: Scam Or Legit Crypto Trading Robot

Centobot Review has been highly requested by automated traders, especially beginners who wish to learn more about this trading software.

Try not to skip because you will not find detailed information on their website, which we discussed below. Therefore, we gathered all the information in one place so you can find it easily and decide before investing.

Moreover, CentoBot claims to be a cryptocurrency trading robot that helps investors earn more than their expectations. But, it is important to determine whether this platform is legit or scam trading software.

So, let’s discuss the ins and out!

CentoBot Review: What Is CentoBot?

Centobot is a crypto robot that was established in 2017. Traders can trade forex and cryptocurrency with this automated trading software.

To operate, you can choose selected partnered brokers, including multiple pre-set robots. Each bot will trade on your behalf. Besides, you can choose the listed bot according to your trading strategies. You will get the robot list from the dashboard. 

However, this bot does not provide any services on US territory, which is a pity for traders.

On the other hand, it is not licensed and regulated. In the “Awards” section, you will see that they received an award for the best robot for the binary options in 2016, though it’s a bit confusing. 

But we have a second opinion regarding this award, which we will discuss later in the regulation part.

Special Bonus Offer

Binoption is delighted to present our valued traders and investors with an incredible 200% Deposit Bonus. We want our traders to conquer the competitive trading market with us. Because, it is high time to make money.

You can only run a bot after depositing an initial amount through the broker’s platform. Both existing and new customers can use these codes that we mentioned in the below table. Besides, currently, this special offer is available around the world.

Also, you can use when funding your account via two supported brokers such as Binarycent and Raceoption.

Deposit $1000 or more to activate this code and straightly get 200% extra bonus on the first deposit amount.

Promo Code: DKGR200

Promo Code: GALLEN200

How To Avail Bonus

The deposit bonus is only available to real account holders. Besides, if you deposit $1000, you will get the bonus automatically. 

Through this special offer, we are allowing you to start trading with even more power and confidence.

  • Copy the bonus code
  • Go to the Account funding page
  • Enter the bonus code and get your bonus!

CentoBot Review: Why Choose CentoBot?

The traders usually choose automated platforms after analyzing their features. Some unique points push traders to think about Centobot.

These are:

  • Demo account facility
  • Minimum deposit $250
  • Minimum investment $0.1
  • Maximum returns 95%
  • Dedicated customer support team
  • Award-winning a trading robot
  • Popular Forex and Crypto assets
  • Customize your robot
  • More than 15 deposit methods

CentoBot Signup And Login

The registration process is simple. You just need to provide some valid information to open an account.

So, please follow the below steps to finish the process.

  1. Open the dashboard and select the “Signup” button
  2. Fill out the registration form with your name and contact details, including the valid information
  3. Choose the broker from the list 
  4. Agree with the terms 
  5. Lastly, click the “register for free” button to enter the automated trading platform.

Finally, put the e-mail and password to log into the account.

Is CentoBot Regulated?

Regarding regulation, unfortunately, CentoBot is not a regulated entity. Except few, the majority of the auto-trading bot has no regulation.

So, like a broker, you can’t measure the legitimacy based on the regulation.

However, this bot achieved the award for “best robot for the binary options” in 2016. However, according to the research, they started their operation in 2017. So, this info is a bit confusing.

CentoBot Partnered Brokers

To operate the trading bot, you need to select a broker. Centobot has partnered with 4 trading brokers, like

  • Binarycent
  • VideForex
  • RaceOption
  • IqCent

Each broker provides almost similar opportunities, except for a few.

BinaryCent Broker:

Binarycent is an online trading broker that is partnered with Centobot. The broker is regulated by theVanuatu Financial Services Commission (VFSC). Besides, the broker offers Forex, CFD, and Options trading, including over 15 Cryptocurrencies.

The BinaryCent review will give you a clear view of this broker. Now, it’s time to see the features that make this broker lucrative for traders.

  • Return up to 95%
  • Start trade from 10 cents
  • Leverage 1:500
  • Can withdraw profits within 1 hour
  • Weekend trading
  • Copy-trading

You can start trading on a live account after depositing the initial amount of $250. At the same time, to operate the demo account, you also need to fund your account. 

High Capital Risk Is Involved In Financial Trading

VideForex Broker:

Videforex is a regulated and leading Forex, CFD, and binary options broker established in 2017. With multiple trading accounts, you can trade your favorite instruments. Let’s find out the features that make this broker outstanding.

  • Maximum return up to 95%
  • More than 100 trading assets
  • Minimum withdrawal of $50
  • Copy trading

Apart from these, you will get a bonus option. Besides, to start trade, traders need to fund their accounts with a minimum of $250. The web-based broker also allows you to trade on mobile.

High Capital Risk Is Involved In Financial Trading

RaceOption Broker:

UK-based broker RaceOption is a regulated broker for Forex and CFD. From 2014 till now, the broker has successfully served numerous traders. However, renowned regulatory bodies do not regulate the broker.

More than 100 assets are available for trading via the web platform and mobile platforms.

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

  • Return up to 90%
  • Deposit bonus starts from $20
  • Weekend trading
  • Copy-trading facility

You will also get multiple trading accounts with exclusive features. The minimum deposit amount is $250. Remember, to profit from the financial market; you must predict the asset price correctly.

High Capital Risk Is Involved In Financial Trading

IQCent Broker:

IQCent is a popular cent broker that allows traders to trade on cents. This broker is absolutely affordable, as the minimum deposit starts from $20.

This is not the only opportunity you will get if you open an account with IQCent. Other features also make this broker an excellent option for traders, like –

  • Minimum trade size $0.01
  • Leverage up to 1:500
  • Maximum payout 95%
  • Copy trading facility

Besides, you will get multiple trading accounts. Choose one that meets your needs.

High Capital Risk Is Involved In Financial Trading

CentoBot Top Robots

You can either make your own bot or select one from the list. Besides you will find the list in the dashboard. Those are made with pre-set strategies. These top robots help traders profit from the most volatile market. After opening the trading dashboard, you will find a complete list of robots.

To unlock each robot, you must 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.

Also, remember that the profit percentage is updated daily. 

CentoBot Trading Platform

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

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. So, to build or create a bot, traders must choose currencies and technical indicators.

Remember, each successful trade will give you approximately 95% return.

How To Create A Robot - Settings

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

  • Create the bot name
  • Select single or multiple trading assets
  • Adjust the level of the buy and sell slider
  • Select the indicators with the time
  • Check and click the “public” button to make the robot public

You can see your current balance after funding your account or investing in a trade from the dashboard. Run the robot by clicking the “Start” button.

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

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

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 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 the top 10 trading robots. For that, select the robot and click on “Robot Demo.”

Besides, 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 completely differs from the normal financial situation.

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 the both theCentoBot 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 the 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.

1. 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.

2. 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 to help you make your trade automated.

Besides, it is the most accessible online Crypto and Forex trading software currently in the market.

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

Advantages:

  • A huge range of cryptocurrencies to trade
  • Various funding methods
  • Trading bonus up to 100%
  • Multiple robots to choose
  • Six trading indicators that are popular

Disadvantages:

  • Fake trading awards
  • Lack of transparency
  • No terms and conditions or privacy policy link
  • Negative reviews from traders

Conclusion - Is CentoBot Legit Or Scam?

CentoBot is a brand-new trading robot that started its 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 investors. The withdrawal part is also satisfactory. However, we got multiple complaints regarding this.

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

Lastly, it 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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