Crypto Engine is a trading system that supposedly helps ordinary people make money through crypto trading. The app was founded two years ago and is estimated to have nearly 200k users as of May 2020. This robot claims to have helped almost 20% of its users earn their first $1 million trading crypto.
Moreover, users reportedly make up to 300% in daily profits. The minimum you can invest with Crypto Engine is $250. At least 60% of users report earning a daily profit of up to $1000 from the minimum deposit.
But is it trustworthy, and is it profitable? We have done rigorous testing on this robot’s platform and found it to be legit. The positive feedback from users is also a clear indication that this is a trustworthy robot.
Justifications for Crypto Engine legitimacy
Crypto Engine is reviewed by leading mainstream media platforms, and they all allege that it is legit. It is currently an online sensation and is among the top three BTC related keywords on Google Trends.
The high demand has prompted a temporary suspension of new accounts registration. You can check if they have resumed new registrations by visiting their website. If not, you should keep checking since the demand is likely to keep increasing.
We also find this robot to operate in full transparency. All crucial information is published on its website, and its trading technologies can be verified. Our technical team has checked them for you, and hence you do not need to worry about that.
Moreover, Crypto Engine has disclosed the identity of its founders and the technical team behind it. Steve McKay, a former investment banker and trader, is the founder and is backed by a team of quants from Wall Street.
We can also confirm that the partner brokers are reputable and regulated. Robot broker regulation is a crucial determining factor when looking for a legit robot.
What is Crypto Engine?
Crypto Engine is a popular computer program that speculates on crypto on behalf of users. The program does not buy crypto traditionally but trades through a derivative known as a Contract for Difference (CFD).
A CFD allows users to trade volatility without having to buy the underlying asset physically. This means that you do not have to go through the tedious crypto buying process to trade through Crypto Engine.
As mentioned above, this robot has made trading extremely easy for all and hence complete beginners have no reason not register. It also runs on autopilot, leaving you to attend to your daily duties as your money works for you.
This is the only auto robot that offers exposure to nearly 100 pairs in both crypto and fiat. Such a variety of tradable pairs implies that it is never short of profitable trades.
How to trade with Crypto Engine
Crypto Engine is entirely auto and seems like a good bet for anyone looking for a passive way to invest online. You do not have to know about cryptocurrencies to use this robot.
Moreover, the high supposed win-rate also makes it an excellent choice for expert traders. This robot can generate a return of up to 300% daily when the trading settings are right, and the conditions are favourable.
We will discuss some of the things you can do to ensure that the trading conditions favour you later in this review. For now, let us look at the signup process.
Create a free account
Registration with Crypto Engine is easy and fast. Open their homepage and use the provided form to create a free account. There is a likelihood of the robot charging a license fee in the future, and thus you should take advantage and register now if the registration is still free.
Like in any other robot, all users must verify their contact details before proceeding. The partner broker may also require you to verify your name through a government ID check.
Brokers in the UK, Australia, and the US, are required by regulators to observe strict KYC measures. These include verifying the identity of all new users. You can’t withdraw money from any brokers when trading without going through the process.
Deposit a minimum of $250
Crypto Engine relays trading signals to the partner broker for execution. Consequently, you must deposit at least $250 with the broker for them to be able to take trading positions on your behalf.
Most of the partner brokers accept account funding through debit/credit card, Wire Transfer, Visa, Master Card, Neteller, WebMoney, Skrill, and bitcoin. There are no charges associated with funding your account, and you should be able to trade immediately after deposit.
Practice through a simulated account
Crypto Engine demo applies the same trading principles as the live account. Moreover, it has all the functionalities of the live account. It also runs on real but historical data to give users a real market experience.
The results you get through the Crypto Engine demo are not very far from what you should expect in live trading. We suggest that you invest enough time in the trading education section before going live. This will help you master all the settings and hence avoid costly mistakes during live trading.
Open a live trading session
Live trading with Crypto Engine is a walk in the park. It is even easier if you have taken the time to read the trading manual and practice through the demo. You need to set the stop-loss and take-profit features as learned during the demo before clicking the live button.
Crypto Engine allegedly reports enormous profits when the trading conditions are favourable. This means that users are not entirely in control and the markets can, at times, go against the robot’s predictions. Consequently, there is a likelihood of making losses when trading through cryptocurrencies. Only invest what won’t cause you distress in the event of a loss.
The ABCs of trading with Crypto Engine
Crypto Engine is 99% auto, meaning that users still have some level of control on the outcome of their accounts. As stated above, this robot allows users to define the level of risk they are willing to apply in their trading account. Follow the steps below to kick-start your trading journey with Crypto Engine.
- Start small and compound 80% of supposed profits – As its name suggests, Crypto Engine is a complex BTC trading system that can allegedly generate daily returns of up to 300%. You do not need to invest a lot of money to make a decent income. You may also be lucky to grow a deposit of just $250 to $1 million in less than a year to trading.
- Trade when volatility is high – CFDs trading is more lucrative when the markets are highly volatile. You need to identify volatility events and capitalise on them. Crypto Engine offers an event calendar and the likely outcome to help users plan trading sessions.
- Trade for 8 hours daily – The longer you trader, the higher the potential profits. However, do not leave the robot running overnight since this may result in rollover fees. Read the Crypto Engine carefully to learn more about these fees.
Is there an App?
Unfortunately there doesn’t seem to be an app available in the app store. What we did find, however, is that the website is fully functional with a mobile and tablet version, as well as being fully optimised for desktop.
Is Crypto Engine a legit robot? Final word!
The best way to determine if a robot is legit is to analyse feedback from its users. We have run our feedback analysis software on thousands of reviews on TrustPilot and ForexPeaceArmy and confirmed that this robot is legit.
At least 90% of the analysed reviews report that the robot performs consistently. Moreover, at least 98% of the reviews indicate that the robot is easy to use. We can also confirm that most users are happy with the safety measures and customer service.
The partnership with regulated brokers is another sign of this robot’s commitment to operating transparently. Regulated brokers are usually under tight scrutiny from the authorities and hence cannot engage in fraudulent activities. Crypto Engine relies on the partner brokers to handle deposits and withdrawals.
What is Crypto Engine?
Crypto Engine is an app that trades crypto on your behalf. The robot trades up to 75 crypto and fiat pairs and with a leverage of up to 4000:1.
Is Crypto Engine suitable for beginners?
Crypto Engine is surprisingly beginner-friendly. It is 99% auto and therefore only requires little manual input.
How much profit does Crypto Engine make?
Crypto Engine has supposed a daily return on invested capital of up to 300%. Consequently, traders can earn up to 3 times their invested capital when trading through this robot.
Is Crypto Engine risky?
Like in any other investment, there is risk in investing with Crypto Engine. Do not trade with more than you can afford to lose.