Centobot Review – Multi Bots Unleashed

Greg Boudonck/InvestingOnline.com 19/03/2018, 16:02

Overview

We ran across a brand new automated cryptocurrency trading system called Centobot. I decided to visit the website to learn more. My first impression was a good one. The site is well designed and it seems quite professional.

But like always, I want to dig deeper to learn more.

So I am going to provide information so you can see if this is the trading robot you would want to use.

So you know, I see that this is one of the few automated crypto trading systems that has many altcoins as well as Bitcoin and Ethereum.

Using the software

The system has the look and feel of some past binary option and Forex robot systems.

The system is browser based, so you do not have to download. Once you create an account, you will choose your crypto broker. As I look closer, at this time, there is only one broker, so you will have to use BinaryCent.

The minimum deposit is $250 and you can use your credit card or any of the cryptocurrencies that the system trades in:

• Bitcoin
• Ethereum
• Dash
• Litecoin
• Monero
• and others

After your account is funded, you can choose from several robots they have on their system, or you can pick the indicators you like and create your own cryptocurrency robot.

At that point, you just set it to automatic and let the system trade for you.

Cost

There is no cost whatsoever for using Centobot. You do have to deposit in the broker account to be able to trade.

So, how does Centobot make money?

They get a commission from the broker for every user that signs up through their robot platform.

Customer Service

I believe Centobot does need to become more customer service oriented… They do offer live chat, but that is all. There are no email addresses, location addresses, phone numbers, etc…

Also, I attempted to ask the chat a question. “Where are you headquartered and who is the ownership?”

The answer was Aberdeen, Scotland for headquarters and I cannot share the ownership was what the representative told me.

Pros

• A huge range of cryptocurrencies to trade in
• Many ways to deposit
• Multiple robots to choose from
• 6 indicators to choose from

Cons

• Only 1 broker – BinaryCent
• No transparency. Do not know ownership, location, etc…
• No terms and conditions or privacy policy linked

Summary

I actually tried to have a positive outlook towards Centobot, but when I asked further questions of the chat person, he lied to me and said they had been operating for 2 years.

I pointed out to him that through an Icann whois lookup, Centobot was created in February of 2017.

I did like the look and feel, but I must say, be wary. I say this because I pointed out immediately to the person I was writing a review and he still felt a need to lie. If he will lie about something that small… Well.

We will keep an eye on this automated trading system. If you have any information or have used Centobot, please contact us and tell us more.