CentoBot Review Scam Or Legit Crypto Trading Robot

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Centobot Review: Scam or Legit trading Robot?

Last Updated: 08 January 2020

Centobot claims to be a crypto trading robot that helps investors make thousands of dollars trading crypto. With this bot, it is said that you can make as much as $1500 per day with an investment of $250. But is Centobot a scam or legit trading robot? InsideBitcoins investigations reveal that this trading bot is a complete scam.

Moreover, the information provided on their website is mostly false. We give this trading bot a legitimacy score of 12% which is way too low considering that legit trading bots score above 80%. Instead, we recommend the robot Bitcoin Trader which has a legitimacy score above 90%, with which you can make real profits. Read our full review below to find out why you should stay away from the Centobot scam, and how to identify and trade with legit robots.

  • Robot
  • Rating
  • Properties
  • Trade
  • 82% claimed win-rate
  • $250 Min Deposit
  • Accepts Debit and Credit Card

Is Centobot a Scam? Yes!

    InsideBitcoins gives Centobot a legitimacy score of 12% – Legit trading bots score above 80%. Centobot provides false information on its website – for instance, they claim to have been founded in 2020 but won an award in 2020. Centobot is not transparent about its founders and the team behind the app. This trading bot has a generally negative online sentiment – A lot of complaints about deposit loss. InsideBitcoins has determined that this trading bot works with unregulated and sham brokers.

Results of our investigation of the Centobot Robot

Our investigation finds Centobot to have all the characteristics of a scam trading bot. The most alarming thing is the blatant lies they tell on their website. InsideBitcoins has determined that the testimonials on their website are all false.

Additionally, we have determined that there is zero chance of making any money with this robot. They claim to have a powerful algorithm, but our investigation shows that their platform has an accuracy level of below 5%. This may be an indication that there is no underlying algorithm and they are nothing but a bridge to scam brokers.

Legit trading robots tend to have an accuracy level of above 90%. Click the button below to read about the best trading robots in 2020.

Stay away from these scams:

InsideBitcoins takes into account factors such as transparency, consistency, online sentiment, customer service, and safety when determining if a trading robot is legit. Want more info? Read our guide to the best trading bots in 2020.

What is Centobot?

Centobot claims to be a crypto trading bot that applies sophisticated computer algorithms to scan the markets and make trading decisions. InsideBitcoins tests reveal that this trading bot is nothing but a scam platform used to bait people to deposit money with scam brokers. This means that you stand no chance of making any money with this trading robot.

Legit trading bots use a strategy known as high-frequency trading which involves computer algorithms analyzing data and automatically placing corresponding trades. The use of algorithms to analyze investment data and make decisions is popular in forex and stock day trading and has a reputation for making overnight millionaires.

In the crypto industry, the best high-frequency trading bots include the likes of Bitcoin Code. This trading bot has an accuracy level of 99.4% meaning that out of every ten trades, at least nine are accurate. Also, this robot works with regulated and reputable brokers. Most people using Bitcoin Code report an average of $1500 per day with a moderate investment of $500.

Scam robots such as Centobot are often in cahoots with scam brokers. With these types of brokers, you stand no chance of making any profits or getting your deposit back.

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Who Founded Centobot?

Like most scam trading bots, Centobot does not reveal anything about its founders or founding team. There is also no information about its physical location or a traceable phone number.

Scam robots hide this type of information from users for fear of facing legal action when they disappear with deposits. InsideBitcoins investigation reveals that this trading bot operates in partnership with scam brokers the majority of which have been flagged as a sham by users. These brokers are unregulated and do not provide any information through which they can be traced.

Centobot claims to have been founded in 2020 but also won an award as the best binary robot in 2020. These shameless lies are enough evidence this trading bot is nothing but a scam. We recommend that you do not make any deposit with this trading bot since you are likely not to get back your money let alone earn any profits.

While it is not uncommon to find a legit trading bot that does not provide details about its founders, the majority of legit robots do. Before opening an account with any trading robot, we recommend that you do enough due diligence to determine if they are legit. InsideBitcoins makes this easy by offering unbiased and comprehensive reviews. Keep reading to learn more about Centobot and alternative trading bots.

Why is Centobot a scam?

InsideBitcoins identifies the following as the telltale signs that Centobot is a scam. Keep reading to learn more or click here to read a review of a proven trading bot.

False claims

InsideBitcoins has determined that most of the information provided on Centobot website is false. For instance, they claim to have started operating in 2020 but also claim to have won the best robot trader award in 2020.

Also, our investigation reveals that this trading robot has never won the awards listed on its website.

Negative online sentiments

Most people complain about losing money with this trading bot. Our investigations reveal that this trading bot has an accuracy level below 10%. The best trading bots have an accuracy level above 90%. Also, the partner brokers to this trading bot have a poor reputation. For instance, BinaryCent, one of their top brokers, has been listed as a scam in multiple top review sites and has a one-star rating on TrustPilot.

Partners with unregulated brokers

InsideBitcoins has determined that Centobot operates in cahoots with unregulated offshore brokers. There is a high likelihood that this platform is nothing but a gateway to scam brokers. Apart from disappearing with your deposit, scam brokers are likely to expose you to cyber attacks by sharing your details with third parties.

Unreliable trading platform

Our investigation reveals that the Centobot platform is not easy to use. Furthermore, it does not show consistency and often always report losses. We could not establish whether there was a real algorithm behind their frontend, but we wouldn’t be shocked if there is none.

Legit trading robots provide an interactive user interface and show consistency in terms of performance. A robot that is always reporting losses is likely to be depending on a bogus algorithm or no algorithm at all. It is a common habit for scam brokers to hind behind a false algorithm in a bid to attract signups.

Poor customer service

You are likely not to get any help from Centobot customer service since it is almost inexistent. The only channel of communication provided on their website is an email which they never answer. InsideBitcoins investigation has found a lot of complaints about Centobot customer service being unavailable especially after making a deposit.

Legit trading bots provide at least a traceable phone number and a live chat. They also have a physical office and a team. All the robots in our list of best trading bots for 2020 have passed this metric. We recommend that you browse through our website for comprehensive reviews

Should I signup with Centobot?

No! This trading robot is a big scam. The signup process with them is also unsafe. InsideBitcoins investigation found out that this trading bot shares users personal data with third parties mostly scam offshore brokers. You are likely to receive calls from up to ten scam brokers with unsolicited offers.

While Centobot website is SSL secured, we find them risky given that they do not have a definable data protection policy. Also, they do collect unnecessary client information during signup and appear to store this data past its intended use. This exposes users to harm if this trading robot is hacked.

Legit trading robots are not only secured but also have a personal data protection policy. Data protection involves using personal data for its intended purpose only and deleting it after its intended use. InsideBitcoins ratings take into account how a robot use and protect users’ data.

Deposits and Withdrawals

As mentioned earlier, you will lose your money if you sign up with Centobot. This trading bot is a scam, and you should keep away from it. InsideBitcoins investigation reveals that most people who have tried this bot have lost their money. This robot claims to be free, but it is nothing but a trap to get you to sign up with scam brokers.

Legit trading robots provide multiple deposits and withdrawal methods and have a transparent fee mechanism. They also have a money back guarantee meaning that a user can get their money back if they decide to opt out before live trading. Moreover, they have a generally positive online sentiment in this regard. All the recommend robots in our reviews have been verified to have a transparent fee mechanism and offer a seamless withdrawal process.

InsideBitcoins takes into account factors such as transparency, reputability, consistency, and customer service when determining a legit trading robot. A good robot should show consistency in performance and the team behind the app should be ready to help users with arising issues.

Furthermore, the app should have generally positive feedback and should have been in operation for not less than one year. All the robots presented below have been tested and proven to be highly legit. As mentioned earlier, our tests not only involves

The following are some of the recommended crypto robots in our list.

Bitcoin Trader

Bitcoin Trader has a score of 88% in our legitimacy test. This trading bot reports an average profit of $1300 per day from an investment as little as $250. Bitcoin Trader is not risk-free meaning that there is a possibility of losing your invested capital. However, the risk is small when compared to traditional investing methods. InsideBitcoins investigation has determined that this trading bot has an accuracy level above 90%.

CentoBot Review: Scam Or Legit Crypto Trading Robot

Now profit maximizing is possible with the help of CentoBot. The trading bot is available for traders who are new in the trading field as we. See More

CentoBot Review: Scam Or Legit Crypto Trading Robot

Published on Sep 22, 2020

Now profit maximizing is possible with the help of CentoBot. The trading bot is available for traders who are new in the trading field as we. See More

Centobot Scam Review

CentoBot is a new online trading platform which deals with Forex. It was recently presented to the public. The anonymous creators of the robot claim that it is an ultimate decision which is able to earn amazing profits on the behalf of its members. Actually, this is the only information you can learn by visiting the official website of the system.

Our detailed research couldn’t produce any results due to the lack of substantial, adequate and authentic information regarding the trading performance of the software. This is why, we advise all traders to and not to deal with CentoBot. It is a potential scam product so everyone should be very careful and avoid it at any cost. For more information, read the following review.

Table of Contents

Top Forex Robots

  • Price: At Least $250
  • Software: Automated Robot
  • Max Returns: Low Winnings
  • Min Deposit: $250
  • No Creator
  • Shady Broker Connections
  • Negative Feedback

Not Reliable Service

What is CentoBot?

The first thing we considered as a red flag was the lack of any important and specific information on the landing page of CentoBot. Actually, this Forex system offers little to no information at all. While it looks very clean still not impressive, there is really nothing that suggests or proves that the software is actually profitable as everyone would hope.

While taking a look at the platform of the CentoBot Forex trading software, we can see that there are some different robots that allegedly can be used by traders. It is said that robot is aiming to produce profits somewhere between 110-120%. However, we cannot just confide these promises as there is no proof to confirm they are real at all. There are no users’ examples nor there are any positive testimonials, issued by real members of the software. Not to mention the fact, that there is no information related to the creator of this system, nor about the exact strike rate people should hope for.

There are 3 steps users should follow to get access to CentoBot. First, they should fill in the provided web form. Then, they will be transferred to the brokers page where they will have to invest at lest $250 to unlock their account. It is said that the minimum investment is just $10 but this is not true. Also, it is said that traders will be able to select their preferred trading robot, but the truth is that there is no such thing. You can just trade manually or automatically.

Considering the lack of any available feedback issued by former or current members of the software, we suggest that users should not sign up in it but try another solution that is available on the market, for example the FinTech Ltd. Software. It is proven to work and absolutely legit trading system.

CentoBot – Is It Scam or Not?

We are more inclined to believe that this Forex robot is not reliable and authentic. On the contrary, there are many things that make us believe it is a scam. For instance, lets take a look at the award section of the platform. Obviously, it isn’t very important normally, but considering they haven’t given us anything else to go on, we do have to take a closer look at this. The strange thing here is that taking into consideration the fact that this system was just released on the market, it doesn’t make any sense why they have won awards which were given back in 2020 and 2020.


In addition, there is no specific info on how the robot works and what is its exact strike rate. Based on all these disappointing results we have no other choice but to issue a negative final verdict about CentoBot.

Final Thoughts

Nowadays, finding a truly legit, authentic and reliable Forex online trading solution is more difficult than ever. There are so many scams on the market that people can easily lose all their invested funds. Sadly, the newly launched CentoBot software is just another not working system. It promises to earn great profits on the behalf of its members, but it cannot do it as it is just a bogus and fraudulent platform.


Our investigation team conducted a comprehensive investigation on Centobot to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if Centobot is generating high profits. We found many reasons that made us suspicious about this robot being a scam.

In order to protect traders from bad trading experience and financial loses we recommend you to

1. The Diversity of High-frequency Traders – (Björn Hagströmer; Lars Nordén; Journal of Financial Markets; Volume 16; Issue 4; November 2020; Pages 741–770)

2. Intraday Anomalies and Market Efficiency: A Trading Robot Analysis – (Guglielmo Maria Caporale; Luis Gil-Alana; Alex Plastun; Inna Makarenko; Computational Economics; February 2020; Volume 47; Issue 2; pp 275–295)

3. Financial markets where traders neglect the informational content of prices (Erik Eyster, Matthew Rabin, Dimitri Vayanos – The National Bureau of Economic Research, 2020)

4. Strategic trading in informationally complex environments (Nicolas S. Lambert, Michael Ostrovsky – The National Bureau of Economic Research, 2020)

5. Dynamic trading with predictable returns and transaction costs (Nicolae B. Garleanu, Lasse H. Pedersen – The National Bureau of Economic Research, 2009)

7. Traders and time: who moves the market? (Fabrizio Ferriani – Studies in Economics and Finance, 2020)

8. Information sources and trading behavior: does investor personality matter? (Muhammad Zabair Tauni – Qualitative Research in Financial Markets, 2009)

10. Current trends in cooperative finance (Brian C. Briggeman – Agricultural Finance Review, 2020)

3 Responses to “Centobot Scam Review”

CENTOBOT is a real scam.I have tested it with 1O USD. I’ve lost all my deposit and all trade without any benefic. SCAM TO AVOID

CENTOBOT is a SCAM. I deposited $1200 (what the hell was I think) and in one week. There was only $210 in the account and no explanation of how I lost close to 95% in just 1 week. This is SCAM do not waist your money in this SCAM.

The Centobot is proven to be a scam system.
Feel free to join the tested QProfit System.
Read a review here – https://top10binarydemo.com/review/qprofit-system/

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