British Trade Platform Robot Review – Is it a Scam or Legit?
British Trade Platform is a provider of automated trading services with a specific focus on cryptocurrencies like Bitcoin and Ethereum. The robot allows you to trade digital assets in a 100% passive nature – which makes it ideal for newbies.
But, is British Trade Platform a legit trading service or is it simply a scam? That’s exactly what we intend to find out in this comprehensive British Trade Platform Robot Review.
What is British Trade Platform?
As the name suggests, British Trade Platform is an online robot that is targeted at those based in the UK. Like many robots in this industry, the underlying technology is supported by AI and machine learning.
This is what allows the robot to find trading opportunities around the clock and subsequently place orders in an automated manner. Our British Trade Platform robot review found that the technology specializes in major cryptocurrencies.
This includes everything from Bitcoin and Ethereum to Ripple and Litecoin. The crypto robot can go long or short on multiple digital currencies – meaning that it has the potential to profit from both rising and falling markets. In order to profit from the software, our British Trade Platform robot review found that you simply need to open an account and meet a minimum deposit of £/$ 250.
British Trade Platform Pros and Cons?
After compiling our British Trade Platform robot review, we found that the service comes with the following pros and cons.
- Small account minimum of £/$ 250
- No prior trading experience needed
- Trade currencies without needing to do any analytical research
- Makes hyperbole profit claims – including a win rate of 98.5%
- Reviews in the public domain are not overly positive
- Complete lack of transparency regarding the robot software
- Appears to deal with unscrupulous brokers
- Much better crypto robots in the market
British Trade Platform Services
British Trade Platforms offers its robot trading service to the general public. This means that you simply need to deposit funds and the robot will begin trading for you. Our British Trade Platform review found that no other services are offered.
How Does British Trade Platforms Work?
There is a 5-stage process involved when using the British Trade Platform robot – which we expand on in more detail below.
Stage 1: Register on the British Trade Platform Website
First and foremost, you’ll need to visit the British Trade Platform website and register. This requires some basic personal information so that the provider knows who you are. This is inclusive of your name, email address, and mobile number.
You will then receive an email – and you will need to click on the confirmation link to complete the first stage.
Stage 2: Open a Broker Account
Upon confirming your account, you will be redirected to the website of a third-party broker. Our British Trade Platform robot review found that the broker that you will be partnered with will vary – so it’s important to do your research before proceeding.
If you are happy with the regulatory standing of the broker in question, you will need to register an account. This part of the process will require some personal information and contact details.
If the broker is regulated – which it should be – you’ll also need to go through a quick KYC (Know Your Customer) process. This means that you’ll be asked to provide a copy of your passport or driver’s license, alongside a proof of address.
Stage 3: Choose Investment Amount
Our British Trade Platform review found that you will need to invest at least $250 to gain access to the robot. The deposit will be processed by the broker you opened an account with in the previous step.
You should be able to deposit funds via a debit/credit card or bank wire – but this is depending on what payment methods the broker supports.
Stage 4: Demo Mode
It is best to test the British Trade Platform robot out in demo mode before activating it in live market conditions. You should be able to do this via the broker that you now have an account with. This will allow you to see how the robot trades and ultimately – whether or not you are likely to make any money.
Stage 5: Activate Software
The final step is to activate the robot software. In doing so, the robot will have access to your brokerage account balance and thus – it will begin trading with real money. Just remember, there is no guarantee that the British Trade Platform robot will make you any money – so proceed at your own risk.
British Trade Platform Success Rate
According to the British Trade Platform website, the provider’s robot has a success rate of 98.5%. Although there are many cryptocurrency robots that consistently outperform the market – it’s highly unlikely that a win rate of 98.5% is credible.
After all, this means that out of every 1,000 trades, 985 return a profit. Not even the most advanced trading algorithms used by large-scale hedge funds are even close to this figure – which leads us to think that British Trade Platform is a scam.
British Trade Platform Fees
When it comes to fees, our British Trade Platform review found that you do not need to pay anything to use the robot. You will. however, need to pay to trade at the broker you are connected with. This will either come in the form of a commission, spread, or combination of the two.
If the robot trades with leverage, this will also attract fees in the form of overnight financing. This is why it’s really important to research the broker you are partnered with before proceeding with an account.
Is British Trade Platform a Scam?
It’s often challenging to separate a good robot from a scam artist – not least because we are often left with very little information to feed on. In other words, you often need to test the robot out yourself to truly know whether or not it has the capacity to make you consistent gains.
Of course, unless running the robot in demo mode, this will require you to risk some of your trading capital. Once again, the biggest red flag for us is that British Trade Platform makes bold profit-related claims that are unlikely to be true.
Additionally, when we compiled research to see what past and current clients of the software say in the public domain – the reviews are largely negative.
British Trade Platform App
Our British Trade Platform review found that a mobile app is offered by the provider and compatible with both Android and iOS devices. You can’t, however, gain access to the app until you complete the account registration process.
British Trade Platform Payments & Withdrawals
British Trade Platform is not involved in deposits and withdrawals – as this is something that needs to completed with the cryptocurrency broker that you are connected with. As noted earlier, you should be able to fund your brokerage account with a debit/credit card or bank account wire.
Oftentimes, e-wallets are also an option. Withdrawal requests are typically processed within 24 hours – as claimed by the team at British Trade Platform.
British Trade Platform Minimum Deposit
The minimum deposit at British Trade Platform is £/$ 250.
British Trade Platform Customer Support
Our British Trade Platform review found that several support methods are available. This includes live chat – which is the easiest way to make contact. Other options include telephone and email.
How to Use British Trade Platform
Although our British Trade Platform review found that there are better options in the market – below you will find a quickfire walkthrough of how the platform works.
- You first need to register at British Trade Platform by providing your name, mobile, and email address
- Once redirected to a third-party broker, complete the account registration and KYC process
- The broker will then ask you to deposit some funds with your preferred payment method ( £/$250 minimum)
- Once you activate the British Trade Platform robot – it will begin trading with your brokerage capital
Once again, proceed at your own risk – as our British Trade Platform review found that the provider could be a scam.
British Trade Platform vs British Bitcoin Profit
We have reviewed dozens of cryptocurrency robot providers and found that British Bitcoin Profit is one of the best options in the market. Unlike British Trade Platform, this robot provider has a good reputation in the online space.
We also found that British Bitcoin Profit only partners its customers with regulated brokers – which is crucial. This ensures that you are not depositing money with an unscrupulous trading platform. The British Bitcoin Profit platform is easy to use too – as it’s simply a case of registration and meeting a minimum deposit of $250.
British Bitcoin Profit also claims that you can withdraw your trading funds in full without any deductions. It is noted by the team that the British Bitcoin Profit software is able to outpace the wider cryptocurrency markets by 0.01 seconds.
The Verdict – British Trade Platform Robot Review
In summary, British Trade Platform makes a lot of bold claims that in reality – are likely to be fictitious. If you like the sound of trading cryptocurrencies in a passive manner – much better options can be found elsewhere.
At the forefront of this is British Bitcoin Profit. This robot has a great reputation in the online space – especially with investors from the UK. You’ll be able to use the robot software safely – as British Bitcoin Profit will only partner you with regulated and trusted brokers.
What is British Trade Platform?
Is British Trade Platform a scam?
How much does the British Trade Platform app cost?
What cryptocurrencies does British Trade Platform trade?
What is the British Trade Platform minimum deposit?
Is British Trade Platform legal?