Is CriptoRobot Scam or Legit Broker?

CriptoRobot is not a safe broker. It does not have any license from a reliable authority, thus trading with the broker might be risky. CriptoRobot does not mention any information about its safety measures at all. 

 

About CriptoRobot
🗺️ Registered inNo Registration
🗺️ Type of LicenseNo License
🛡️ Is CriptoRobot safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is CriptoRobot?

CriptoRobot offers a vast of investment proposals with a fast-gaining potential and an extensive list of crypto instruments through its platform that allows easy trade of cryptocurrencies. That is what the company states, however, the information on the official website presented is very poor.  

  • In our opinion, CriptoRobot is not the company to believe in, as at a glance the first issue is their non-regulated status and misleading about the company location, which means there is no legal status of the company. And this is just the first alert, furthermore, a general offering is not clear and confusing while the financial world and investment should be sharp and transparent. In addition to the negative reviews from the traders, while the broker mainly targets Spanish speaking population, the Spain authority issued a warning to potential clients and advised to stay far from the CriptoRobot. There are plenty of authorized brokers that perform various security measures to provide the best trading offering and of course, it is better to choose a legal broker from the UK, Europe, or another regulated entity.

“The CriptoRobot entity and persons is not authorized to act in the securities markets and to render the investment services or to perform the activity reserved for collective investment schemes (CIS). Only registered companies have obtained authorization since they have provided proof that they meet certain requirements (sufficient capital, organization and adequate means, etc.) and are subject to supervisory body controls.”

CNMV, Spain. May 2018.

Overall CriptoRobot Ranking 

Because of the regulation and safety problems we revealed during our research of BlackBull Markets, we do not rank positively CriptoRobot, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

  • CriptoRobot Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.
RankingCriptoRobotBlackBull MarketsHFM
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneTrading ConditionsTrading Environment

CriptoRobot Alternative Brokers

We found that CriptoRobot has a lot of issues, mainly with its safety and customer care. Thus, here are much better Alternatives to CK Markets with tight regulations and great trading conditions. We select Good Brokers and reliable options for your comparison below: 

Deposit & Withdrawal

CriptoRobot offers a wide variety of payment methods, both for depositing money and withdrawing. Among the most common payment methods are Vista Card or MasterCard, Bank Transfer, Paypal, Skrill, Neteller, OXXO, etc.

CriptoRobot Review Conclusion

We never advise trading with an offshore or non-licensed broker, since the financial investment service they deliver is not trustable. Rather than risking your capital, we would recommend choosing among well-regulated and reputable companies. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FBS and BlackBull Markets.

  • Overall ranking and experience for CriptoRobot is Negative

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