Litecoin Trader claims to be an automated trading platform where everything is done for you. In the presentation video they tell you that you can make $2000 your first day using this software. But is this really true? Or is this just another trading bought scam that is going to steal your money and leave you discouraged and disappointed?
In this review I’m going to be going over exactly that. But I’ll tell you what, I’ll get straight to the point here and tell you that yes Litecoin Trader is more than likely a scam and I will be going over exactly what I’m saying this. The truth is that this opportunity exhibits many common scam characteristics and there is really nothing about this Litecoin Trader that leads me to believe it is actually legitimate.
Litecoin Trader Review
since you are reading this review I’m guessing that you’re suspicious of the bold claims made by Litecoin Trader. Whenever you come across an opportunity like this that claims to be an easy way to earn tons of money you should always proceed with caution. As a rule of thumb if something sounds too good to be true then it probably is. This little saying has saved my butt more than once.
Anyways, let me get into some of the claims that are made in the presentation video for Litecoin Trader…
As I said, Litecoin Trader it is claimed to do everything for you. Pretty much all you do is make an initial investment and the trading software will make trades for you automatically with extreme accuracy.
In the presentation video they tell you that you’re able to make $2000 on the first day of using. That is quite a claim… That means you are going to get a 800% return on your initial investment within the first day.
This would be awesome if it were actually true. I would have invested in this as soon as I came across it. But, of course this is all just a bunch of misleading information and a bunch of lies. The only thing that’s going to happen if you do invest in this trading software is that you will end up with less money.
As I said, I have been actually invested in the software nor do I plan to, but I have reviewed plenty of automated trading scams very similar to this one in the past so I know what to look for and I can tell you that this one displays many common scam characteristics, as I’ve mentioned. Below I’m going to be going over some of these.
Red Flags That This Is a Scam
The first red flag that should have caught your attention, and I’m assuming it but it is since you are reading this, is that this opportunity plain and simple seems too good to be true. I mean come on, why would they be giving away the software for free? I know scams like this usually say they’re doing it out of the kindness of their hearts, but when someone tells you this it seems that it is a scam much more often than it is not.
#1 – Impossible Returns
Making $2000 in the first day from an initial $250 investment it is absolutely impossible. And 800% return is just ludicrous.
I actively trade cryptocurrency and have been doing so for a while now. I can tell you with absolute certainty that a return like this is nowhere near possible when trading Litecoin. Litecoin is one of the bigger and more stable cryptocurrencies out there. It does not experience the volatility and price as some of the newer cryptocurrencies with smaller market caps and because of this you just can’t make as high returns trading it.
#2 – No Information on The Team Behind It
They tell you that this awesome trading software was developed by a massive team of over 500 developers and expert traders, yet they offer no proof of this actually being true. You are just supposed to take their word for it I guess, but this is definitely not something I’m willing to do.
I have never come across a legitimate trading platform or trading software where the team behind it, or the creator, keep themselves completely hidden from the public. Because Litecoin Trader’s creators do not show their faces this makes you wonder if they have something to hide?
If this trading software was really as good as they tell you they should be proud to put their faces and stand by it.
#3 – Impossible Win Rate
They also tell you that the software has a 99.7% success rate. You don’t have to be a trader or have any experience in this industry to realize that a rate this high is probably impossible.
I have never heard of an automated trading bot coming even close to this high of a win percentage, especially one that claims to do absolutely everything for you, which turn out to be scams 99.7% of the time.
Of course they tell you some line of BS about how their software uses cutting edge satellite technology to monitor the worlds markets 24/7, this is a very vague statement that they also offer no proof of.
#4 – They Refer You To Some Broker
the last red flag I want to go over, which is probably the most important and alarming of them all, is the fact that they refer you to a broker, which I mentioned in my post about ways to spot a cryptocurrency scam.
In the world of cryptocurrency trading there is no need for a broker. This is a completely unnecessary step and it makes absolutely no sense. But I will tell you why they are referring you to a broker.
The reason they are referring you to a broker is to scam you. The software is free to use but of course you have to make your initial $250 deposit, which is where they get you. What’s going to happen is they are going to refer you to a completely unregulated broker and you will have almost no chance of getting your money back, probably no chance at all.
They might make it appear that you are making money from this trading software by increasing the numbers of your balance but you really will not be. If you do buy into this you will find it out when you try to withdraw your money.
Conclusion On Litecoin Trader – Scam
Litecoin Trader is your pretty typical automated cryptocurrency trading software scam. I review these all the time. It seems like there are new ones coming out on a weekly basis. Recently there was the Ripple Code which claims you can make $7,000 per day, before that there was Bitcoin Bonanza that claims people are making over $10,000 per day with it.
These scams are ridiculous but unfortunately people do fall for them. Luckily for you, you took the time to do a little extra research and came across my review here. However, if you are reading this after already buying in then you are going to want to try to get your money back as soon as possible. This is probably going to be hard to do but you can try using a service like MyChargeBack to help you out with it.
Also, before you leave be sure to check out this program for making money online. I use it and its something I actually recommend.
Leave any comments or questions below and I’ll get back to you soon 🙂
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