Crypto Engine Review UK – Scam or Legit?

As bitcoin slowly gains mainstream acceptance across the globe, and the cryptocurrency market has now topped $1 trillion in market value, investors are looking for new methods in order to get access to this incredible phenomenon. One method that has gained the attention of investors in the crypto market is automated trading robots. These essentially provide access to the digital asset market to any trader without having the need of knowledge and trading skills.

If you want to actively trade cryptocurrencies via automated trading software, you might want to consider Crypto Engine. This is one of the most well-known automated trading bots currently available in the market that claims to be able to generate high daily revenues for its users.

In this review, we’ll cover everything you need to know about Crypto Engine automated trading software. We’ll analyze its success rate, fees and commissions, client testimonials, and pros and cons. We’ll also explain the full process of opening an account with Crypto Engine.

What is Crypto Engine?

Crypto Engine logo

Crypto Engine is a trading software that was designed for all levels of investors from complete beginners to professionals and allows users to trade on hundreds of cryptocurrencies including Bitcoin, Ethereum, Bitcoin Gold, Monero, Zcash, Golem, Lisk, Status, Ripple, and many more.

Crucially, Crypto Engine is not a brokerage firm but a fintech software company. As such, it directs its clients to partner brokers that collect funds from users and execute the robot’s orders that are based on algorithmic strategies.

The Crypto Engine software allegedly uses an AI-based algorithm to scan the cryptocurrency market and insert thousands of orders simultaneously. According to the robot’s site, Crypto Engine has more than 6000 members and the number of users is growing every year.

Crypto Engine Services

Simply put, Crypto Engine offers one service to its clients – access to the cryptocurrency market with an automated trading system. This basically what happens when you sign up with Crypto Engine – you can use its software at no cost and for an unlimited period of time via a partner broker.

Crypto Engine Homepage

Having said that, Crypto Engine is not a cryptocurrency and bitcoin exchange nor a brokerage firm. It offers investors to get access to the cryptocurrency market and use its trading software.

How Does Crypto Engine work?

It’s relatively easy and straightforward to get started with Crypto Engine, even for inexperienced traders and those who lack advanced technical skills. If you are based in the UK and want to get started with this automated trading robot, below we show you how the system works from start to finish.

Step 1: Register 

To start trading with Crypto Engine, you first need to register on the robot’s site and create an online brokerage account with one of its partner brokers. To do that, you simply need to visit Crypto Engine’s site and enter your first and last name, email address, and your phone number in the UK. Then, click on the ‘Get Access Now’ button.

Crypto Engine Register

Step 2: Open an Account with a Partner Broker

As mentioned above, Crypto Engine is not a regulated financial firm, and therefore, you’ll have to sign up with a third-party broker in order to deposit funds and user Crypto Engine’s software. Once you have completed the registration process, you’ll be transferred to a registered brokerage firm in your region that operated in collaboration with this robot.

On the broker’s site, you’ll be required to sign up for an online trading account which includes submitting your personal details and verify your identity.

Step 3: Deposit Funds

Now that your account was approved by the assigned broker, you can fund your new trading account. The minimum deposit requirement is $250, which could be funded by one of the payment methods provided by the partner broker.

Step 4: Activate the Crypto Engine Automated Trading Software

This is the final step – All you need to do here is to activate the live trading mode and let the software scan the cryptocurrency market and execute orders based on its algorithm. Before that, we suggest you check the software on a paper trading account, which is a good way to test out different strategies without risking real money. In that matter, the vast majority of Crypto Engine’s partner broker are likely to provide a demonstration practice account.

Crypto Engine Claimed Success Rates

One thing that you will typically find on all Bitcoin trading systems like Bitcoin Systems and Bitcoin Evolution is that they all claim to make high daily returns. Some of these trading robots even claim to predict accurately 99% of the executed orders. But in the case of Crypto Engine, this trading robot does not provide any stats about the success rate of its algorithmic trading software. We did, however, found reports that Crypto Engine has a 90% success rate in its total execute transactions.

Client Testimonials

Surprisingly, Crypto Engine does not present testimonials from current traders on its website. However, we could find positive user reviews on Trust Pilot, with a score of 4.1 from all the reviews.

In addition to the claims made by Crypto Engine’s team and the reviews on other sites online, the robot provides on its homepage a live board displaying every transaction made by the software. This may help new users understand the speed and strength of the software.

Crypto Engine Fees

Like many other trading robots, Crypto Engine does not charge trading fees or commissions. Instead, this broker offers the trading software at no cost and makes a fee when it funnels users to third party brokers. Additionally, Crypto Engine does not take any commission from the profits made in your account.

This means that on this Bitcoin trading platform, the only fee you’ll have to pay is the spread or the commission charged by the cryptocurrency exchange.

Is Crypto Engine a Scam?

After reviewing this platform, we were impressed with the software and more importantly, with the user reviews online. It appears that many investors have successfully used this platform to enter the cryptocurrency market and trade digital assets such as Bitcoin, Ehereum, Lisk, Litecoin, Ripple and more.

With that said, we could not verify many of the claims made by the robot as well as by users. Additionally, there are some negative reviews online from investors who claim the algorithm is not as accurate as it claims to be. This means that the only way for you to find out if Crypto Engine has accurate trading software is to start using the system by investing the minimum required deposit of £250. Otherwise, you can also register with Crypto Engine and sign up for a free trading account with the partner broker, and then test the software performance on a demo account.

Crypto Engine legit

Crypto Engine on Desktop & Mobile App

Crypto Engine allows you to register directly from its website that is available on any web browser. This means you’ll be able to do that from your desktop as well as from any mobile device with a web browser.  Once you sign up with Crypto Engine, you can also get the benefits that the assigned broker has to offer. This is most likely includes in a professional trading platform that is available on a desktop, web browser, and mobile application.

Crypto Engine Payments & Withdrawal 

All deposits and withdrawals with Crypto Engine are handled by the third party brokerage firm. This is because Crypto Engine is not a financial institution and is not authorised to collect funds from clients – it is a software company that simply channels you to a registered brokerage in the UK where you can create an account and deposit and withdraw funds anytime you want.

In terms of the selection of payment methods, most of Crypto Engine’s partner brokers support a variety of payment methods that include PayPal, debit and credit card and bank wire transfer.

Crypto Engine Minimum Deposit

If you decide to trade with Crypto Engine, you’ll need to meet a minimum deposit requirement of £250.

Crypto Engine Customer Support

Crypto Engine doesn’t provide many ways in which a user can get in touch with the customer support team. It offers an online form on its official website where you need to enter your first and last name, email address, and message. On top of that, once you create an account with the partner broker and deposit funds, you’ll then be able to contact the support team of the assigned broker.

Crypto Engine customer support

How to Use Crypto Engine

At this stage, you should have enough information to decide whether you want to open an account and use the Crypto Engine automated trading software. To make things simple for you, here’s how you can start using Crypto Engine in 5 easy steps:

  1. Register for a free trading account with Crypto Engine
  2. Open an account with the assigned partner broker
  3. Deposit the minimum amount required of £250
  4. Try out a paper trading account and then, whenever you are ready activate the automated systems
  5. Withdraw your funds anytime you want

Crypto Engine Pros and Cons

Pros

  • One of the most famous trading robots in the market
  • A low minimum deposit requirement of £250
  • Easy registration process
  • Does not charge a fee to use the software
  • Funnels users to registered brokers
  • Lots of positive reviews online

Cons

  • Not clear if Crypto Engine is completely legit
  • Not regulated
  • Does not provide its success rate

The Verdict

The bottom line, Crypto Engine is a trading robot that promises to make hundreds of pounds a day by automatically trading cryptocurrencies using its algorithms. While there is a risk in investing in Crypto Engine, there’s also an opportunity to make huge passive income.

As such, if you are ready to get started with Crypto Engine right now, click the link below to get started!

Crypto Engine – Sign Up Today

Crypto Engine logo

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

FAQs

Have celebrities endorsed Crypto Engine?

No, we could not find any mention from celebrities about Crypto Engine trading software.

Is Crypto Engine regulated?

No, Crypto Engine is not regulated by any governmental authority. Instead, the broker partners with regulated brokers that allowed to collect and manage funds for Crypto Engine's users.

What is the minimum deposit requirement to start with Crypto Engine?

Crypto Engine discloses on its website that in order to use its software, users must meed to minimum deposit requirement of £250.

Does Crypto Engine have a mobile app?

No, Crypto Engine does not have a mobile application.

How much does Crypto Engine make?

According to Crypto Engine, the profits a user can make depend on the amount invested and the trades you make.

Is Crypto Engine legit?

Overall, according to user reviews, it appears that Crypto Engine is a legit trading robot. Though it is not regulated, the company disclose crucial information on the site and offer customer support service.

What are the Crypto Engine fees?

There are not fees to use Crypto Engine software. Instead, it requires you deposit a minimum of $250, and pay a spread when you trade with the partner broker.

Alan Draper

About Alan Draper PRO INVESTOR

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