As we get closer to the final quarter of the fiscal year, many people are beginning to think about their assets and how things have been performing so far in 2023. While the crypto markets have experienced some shifts this year, there haven’t been any significant downturns or upswings for any particular token, and market sentiment seems to be holding favor for the coming months.
As crypto trading robots are growing in functionality and regulation is beginning to become more widespread, it can still be a good time to get involved with the niche for both newcomers and those who are hoping to change up their efforts. More and more platforms are getting certified too, but there are still a host of scam websites out there, so today we’re looking at Trader AI and whether this bot is a scam or legit.
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What to expect from Trader AI
Before choosing the right trading robot for your needs, it can be important to understand that not all are designed to be the same and there will likely be different services on offer. Trader AIis one of the newer platforms on the market, but it utilises nothing short of the latest in automated algorithms to both place and executes cryptocurrency trades on behalf of the user.
With the ability to analyse vast amounts of data via cutting-edge technology and statistical algorithms, the software partners traders with established brokers to make the most of cryptocurrency markets. Users can expect real-time API connection so that information is continuously sent and received, to ensure that the most lucrative trades are placed quickly and processes are assessed on the spot for ultimate performance.
One of the top things to know about Trader AI is the fact that this platform is CySEC regulated – and there are not many platforms that can boast this. Here’s a quick look at the top features of Trader AI at a glance:
Top AI software protocols with a blend of automation and machine learning
Intensive analytics and data processing capabilities
A free demo trading account
Trader AI supports the top crypto assets, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP), as well as cryptocurrency trading pairs and fiat currencies
KYC verification for new sign-ups
The robot itself has no fees, but users may have to pay commissions on trades as they will be partnered with brokerages
Trader AI has a suggested win rate of 95.7%
It is one of few platforms to have its own proprietary mobile app
Trader AI allows individuals of all skill levels with an interest in crypto trading the ability to buy, sell and trade leading crypto assets without human intervention. Users will be expected to create an account, connect with a brokerage, set their preferred trading parameters and let the robot get to work.
Highly intuitive software will analyse everything from historical data to patterns, graphs and charts that are collected across thousands of digital sources. This ensures that only the trades with the most potential will be executed using statistical and progression methods. Information will then be shared with a network of partnered brokerages with an operation time of 0.01 seconds.
Withdrawal times are stated to be within 24 hours, there are no fees associated with the robot itself and leverage is possible for trading as Trader AI is used in conjunction with brokers. On the face of it, the fact that this trading robot is CySEC regulated and has KYC verification lends to its credibility and during our research, there didn’t seem to be as many red flags as we have come across with other platforms in this niche.
How to start trading with Trader AI
☛ Step 1
Signup processes are typically similar across trading robots and with Trader AI, you will find a quick sign up form on the website’s landing page. Here you will be expected to enter your name, email and phone number.
☛ Step 2
It won’t take long for a dedicated account manager to contact you and talk you through the account creation process with one of its partner brokers. From here, users will typically be asked to make an initial deposit of $250 – this isn’t a fee and is entirely yours to trade with.
☛ Step 3
Before getting underway with trading, take some time to use the demo area and familiarise yourself with how everything works. Once you find a strategy that works for you, go on over and set your preferred trading parameters and let the trading robot get to work. Don’t forget to check in every few days to ensure that everything is performing how you’d expect (and make adjustments if necessary).
It’s no secret that the growing functionality of trading robots, the accessibility of crypto markets and even economic factors such as the cost of living crisis are prompting more and more people to consider making their money work for them. One of the most attractive things about trading is that leverage allows users to enter using more collateral and the automated software makes efforts so much simpler than they once were.
In the greater sense, it provides opportunities for a passive income with little knowledge or outlay, but software will still need to be tweaked to meet the needs of the specific user. Crypto markets are well known for being volatile, and a reputable trading robot like Trader AI can be considered a pivotal part of a trading strategy and even act as an additional avenue of risk management when used correctly.
Pros of using Trader AI:
Industry regulation and safety protocols with KYC verification
A blend of manual and automated trading for a more tailored experience
Connects with reputable brokerages (thus supporting leverage)
A proprietary mobile app
A well-appointed customer service team
Trusted reviews across the web
Lighting fast execution of trades using specialist software
Cons of using Trader AI:
Crypto markets are volatile, so trading is not entirely risk-free
Users may not be fully aware of fees, as these will come with brokerages as opposed to the Trader AI platform
This robot supports leverage, which can pose its own risks (typically in terms of unexpected loss sizes)
With the last point in mind, it can be worthwhile for traders to take some time to get to grips with the processes involved with leveraged trading to ensure that they understand all of the risks versus the rewards. Especially for beginners, leverage can seem attractive when considering outlay is typically lower and that more positions can be entered into with the additional support. Losses will be generated across the entire spread however, and not just the margin amount, which is the percentage the trader puts towards the trade. This means that they can quickly surpass expectations.
An in-depth look at Trader AI’s top features
Demo trading is one of the top features to look out for when selecting a trading robot. Trader AI not only supports this feature, allowing users to get to grips with trading the crypto markets and test out strategies before risking their assets, but it has also been designed with a user-friendly interface in mind, so that users will be able to get a feel for the software and how it performs in real-time.
Experts always advise traders to take some time to use this feature, and even experienced individuals will need to gain at least some familiarity with the tools and processes of the specific platform before getting underway. This can be a pivotal part of a wider risk management strategy.
As mentioned above, the demo trading section will help you to get familiar with the trading software available, and while Trader AI promotes the fact that it uses highly intelligent software that performs at a significant success rate, partnered brokerages will also have their own processes that you’ll want to take into account.
At its most basic function, users will be able to open both long and short positions and these can be entered manually before the software automatically carries the selection to fruition.
User interface and tools
Trader AI is said to be one of the most user-friendly trading robots currently on the market. While it has pattern recognition, predictive modeling, investing recommendations and data analysis to help traders properly identify market trends, make accurate predictions and get a worthwhile grip on financial data; the user-friendly interface ensures that everything is easily accessible.
There are tools such as comprehensive reports and visualizations, real-time alerts for changes in crypto markets and a host of trading parameters that minimise human error and take out the emotional aspects of trading that often lead to bad decisions.
Additional features and information on Trader AI
Supported cryptocurrencies and payment methods
Trader AI is a trading robot that supports all of the major cryptocurrencies. Users will also find the main fiat currency pairs including GBP, EUR and USD. Withdrawals on Trader AI are subject to Know Your Customer checks, so users will be expected to fill out a form and submit identification documents every time they wish to take money out of their account.
While this may sound like a long process, withdrawals will take under 24 hours and can be requested daily, with zero fees. The available payment methods are credit and debit cards, bank transfer, PayPal, Skrill, Neteller and Visa and Mastercard.
The good news is that Trader AI is known for having a well-appointed customer service department. Those experiencing issues will have access to agents via phone, email and live chat services – 24 hours a day, seven days a week. Users will be connected with an account manager when signing up and this individual can act as a secondary line of defense when queries need to be answered or problems resolved.
A note about the developers and celebrity endorsements
As is the case with many trading robots, there is little information to be found about the developers, but research suggests that there is likely to be a team of software developers and crypto enthusiasts behind Trader AI.
It’s also common for there to be talk of celebrity endorsements when it comes to these types of platforms, and in a strange turn of events, the names supposedly associated with Trader AI are Bear Grylls and Cillian Murphy. These claims have not been verified, but it is interesting that the usual associations of Elon Musk, Richard Branson and British financial expert Martin Lewis have not been mentioned.
Is Trader AI a legit platform or is it a scam website?
When it comes to deciding whether or not a crypto trading robot is a legitimate platform or a scam, it is our job to put together all of the information found not only on Trader AI itself, but also from other reviewers around the internet. We take a look at the features, typical red flags and the potential aspects that determine reputability – and with all of this in mind, we make an educated guess. While our opinion of Trader AI is that it is a reputable platform, those considering signing up should still do their own research and come to their own conclusions.
As there is KYC verification and the website is registered with the correct CySEC boards, it is certainly one step ahead of many of its competitors in our estimations. The fact that it has its own proprietary mobile app helps us to lean towards reputability too, as this is something that not many trading robots have. This shows us that trader AI has put in at least some effort to improve their services for users (which scam websites aren’t likely to do).
In general, reviews around the web are positive and there is some support for Trader AI on social media platforms such as Reddit and Twitter. This means that there are testimonials from individuals who are likely to be real users and will have done things like contact customer service and had real trading experience when using the software.
It can be a good idea to keep in mind that trading with leverage has its own risks and also won’t be for everybody, so if you aren’t interested in this feature, you may want to find another trading robot.
Can those new to crypto niches begin trading with Trader AI?
The answer is yes, this website has been designed to be user friendly and give a whole host of useful insights and provide trading tools that will help to make the process not only simpler but also potentially more lucrative. When using Trader AI you won't have to worry about having any experience in trading and will have additional support from a dedicated account manager should you need assistance at any time.
How useful is Trader AI's mobile app?
The mobile app on offer from Trader AI is a fantastic place for crypto traders to keep up to date with all of the latest goings-on in the crypto markets, to keep on top of their account info and just generally perform functions that can improve the trading experience. It's rare for robots to have their own app, so this can be an attractive feature for those who want to make trading a more passive activity while still keeping things serious.