Have you heard about Coin Bot Lab trading app? Well if you have, don’t go near this crappy software unless you are willing to lose your money. This cryptocurrency trading app came into the industry newly and also has loads of rubbish to promise without having the capacity to fulfill any of it. Believe me, after investigating both the system and their so-called testimonials; I discovered a lot of craps which I am going to expose in this Coin Bot Lab review so that you don’t fall for the tricks and lies of unrepentant scammers.
It is quite unfortunate that many people have fallen victim to the lies of the fools behind Coin Bot Lab. The only good thing is that after watching their money vanish, they sent in their complaints so that I can warn you to stay away from this dirty scam. Do you want to know the truth, this app will lose your money for you because they are just spewing nonsense. Everything about the cryptocurrency trading software is a complete lie.
However, before I continue with my findings that will shock you about Coin Bot Lab scam, let’s examine the system a little bit closer.
Coin Bot Lab Review – Scam Exposed!
This crypto trading app is supposedly trading on auto-pilot and has an accuracy rate of 98% to 100%. The ITM rate of 98%-100% is just for their demo account to deceive you into thinking that you will make real money as fast. All those stories are lies. The real winning rate you will get is hardly 50% which is both crappy and unprofitable. So, how will you make a profit from Coin Bot Lab? No way! I tell you.
Yes! The system is supposed to make you $105 every day with an investment of $250, and if you increase it to $1000 investment, you are sure to be making $500. Wow! If you make $500 daily for one month, you will become a millionaire in few years. Is this not sounding like other scams apps in the crypto trading world?
The traders who tried the system have proved that the system has no credibility. In fact, after trying out their free demo with 98% accuracy rate, any attempt to trade will only show 50% winning rate which we all know as a terrible sign. Now tell me how members are supposed to make the massive profits they are hoping to get their initial deposit.
Ah! I remember hearing that using the app is free but you must activate it with an initial deposit of $250. So how is it free? I also read from their sales page that the system is verified and approved for Bitcoin trading as well as other cryptocurrencies. Who verified it and which approval are they presenting? I can applaud them for including the free demo account to make the complete trash of an app look legit but still, everything on that website is shouting “scam.”
If you still doubt me about Coin Bot Lab scam, check out these red flags.
Why Coin Bot Lab Is A Scam?
No owner(s) information
Who is the brain behind this supposed miracle of an automated trading app? The big answer, we don’t know! Nobody knows who created the trading software and you want to believe that they are the real deal? Okay, let them tell us if there is a company behind the app so that we can hold on to that. But they can’t because the whole system is a child’s play.
I don’t like secrecy when it concerns investments and money. Don’t you know that there must be trust before doing business and the only way to get people to trust you is transparency? So what’s the deal with Coin Bot lab if they can’t tell us who they are?
Don’t forget, many scam apps out there usually use the same pattern of hiding their identities or creating a fake alias. It is common to all of them so why would you think that this crappy app will be any different? Since they can’t show us who they are, they’ve got many things to hide. Now ask yourself, “If I have complaints, who do I talk to” No one because they wouldn’t want you to uncover their lies.
According to what the con artists claim, legit brokers verified and endorsed Coin Bot Lab trading software to be authentic and legit. It is easier to make claims than backing it up with real facts. I tried to get a proof of the so-called verification from legit brokers but came up empty. Do you know why? This crappy app has no verification or approval from any agency or broker.
If they have upstanding brokers, why are they presenting unlicensed and unregistered brokers to us? Don’t mind all these rubbish because there is no evidence to back prove the authenticity of the claims. If you think that those endorsements on the website are real, think again. In fact, they are in league with fraudulent brokers, and as soon as they get your money, they will share it in percentages.
Just like other scams, Coin Bot Lab has fake positive testimonials on their website to convince you that they are real. The truth is that all those write-ups are fakes and the images don’t belong to active users. It is not hard to decorate a website with proofs of success to deceive others into believing your story.
There are stock photos everywhere, and with a little creativity, you can come up with thousands of names to match them. So who are they fooling? Let those real users who made thousands of dollars appear on many customer review websites or even social media and tell us the good news. If I see real reviews, I will invest all my earning and make it big with Coin Bot Lab.
It’s just funny that you can only see them on their fake website and you expect me to allow them to deceive you? Never! Run away from the software because it is too dirty for your money.
The demo trap
The idea of demo accounts is to equip first time traders with strategies that will help them practice trading before making use of real money. Many trading apps and legitimate brokers use this tool to help their members so that they would not jump into trading and lose their money.
Unfortunately, scammers have noticed that people prefer those apps with free demo accounts and now use the idea to confuse traders. On a legitimate app, there is no way you will make money easily on the demo account because they want you to learn from your mistakes.
However, Coin Bot Lab offers 98% winning rate on the demo account so that the excitement of winning all that money every time will deceive you into thinking that it is that easy. Immediately you deposit your $250, that accuracy rate will disappear, and you will get a winning rate of 51% or even less. Now tell me if this is not great deceit.
No Information about the workings of the app
I am yet to get the information about the workings of Coin Bot Lab. This blank page is another proof that this software is a dirty scam. There is no explanation about how Coin Bot Lab works. All I got from my investigation is that the app works on awesome technology developed by expert programmers for good results. My question is, how does it work?
You see, when you follow the reports and complaints from first users of Coin Bot Lab app, you will discover that the software is an empty shell that has not executed any real-life trade ever. The idea behind it is just to present a platform where fraudsters can dupe people. They couldn’t explain how you will make the alleged profit and yet you still believe that they are not lying.
My advice! Avoid this scam and keep your money safe.
They have no license
This app has no trading license, and as such, there is no regulation above it. The normal practice is that any company or body providing financial advice to people will operate under regulations. There are regulatory bodies in charge of issuing these operational licenses, and they don’t give it to anonymous operators.
Coin Bot Lab has no license which shows that it is illegal software. If you lose money on such systems, you will not have any evidence to sue them because there is nobody to bear the responsibility.
Verdict – Avoid Coin Bot Lab Scam!
Instead Join Our Trusted Crypto Robot With An Average ITM Rate of 85%
The best thing you should do is to avoid Coin Bot Lab trading app. There is no truth to any of their claims because the app is a complete lie. Those who tried the app regretted it after losing huge sums of money.
If you must trade in cryptocurrencies, register with a regulated broker that offer 100% transparency. Don’t ever believe that you can just make quick cash on any of these scams and run away.
If you make a deposit, you will lose all before you say, Jack! Coin Bot Lab is a fraud, and you should stay away from it.