Welcome to my review of another automated trading platform: The Bitcoin Capital. This platform is advertised as a powerful automated trading software that should open the doors to your financial freedom.
Can you make money with The Bitcoin Capitol, or is this just another blacklisted auto-trader? Read my review and find out some facts and my opinion about it.
- Name: The Bitcoin Capital
- URL: https://the-bitcoincapital.com
- Owner: “Team of experts”
- Created: October 2019.
- Price: “Free”
- Recommendation: No
What Is The Bitcoin Capital
The Bitcoin Capital is an automated software that is designed with an algorithm that is able to scan the markets and noticed potentially profitable trading opportunities quickly.
Developed by professional traders and program developers (they don’t say their names), this trade solution should enable anyone to profit from Bitcoin and cryptocurrency market.
With such ability to scan the markets quickly, The Bitcoin Capital is able to enter and exit trades at the right time, every time. The end results should be profitable trades.
Since the software is automated, The Bitcoin Capital claims anyone can trade digital currencies profitably, even if they have never done it before.
The software is designed to do all the work for you – scan the financial markets and spot profitable trading opportunities. And it is even able to open and close trades for you in your trading account.
Everything from the comfort of your home. If only things in life would be that simple…
How It Works
The Bitcoin Capital should be automated software and should do all the work for you. The only thing you, as a user, is required to do is to set the trading parameters so that software trades based on your preferences.
You chose which assets you wish to trade, how much you want to invest for trade, and the risk level you want to trade at. Settings can be changed at any time, and setting things up takes about 20 minutes.
The Bitcoin Capital software copies and then replicates the trades applied by select crypto traders. The automated bot should do all the work for you, and, according to their claims, you could be earning over $1,000 per day.
Sadly, there is no automated software that will work on your behalf. Once you signed up at The Bitcoin Capitol, you are given the broker, Pro Capital Markets. The problem is that the FCA does not license them.
And since they are unauthorized, if you lose money (and you most likely will), you are unlikely you will get your money back. So think carefully and think twice before trusting in an unauthorized FCA broker.
Edit: Last time checked, the new broker is Needful Markets, and their webpage was created in July 2019. So they are fairly new, and I wouldn’t trust them with my money.
A confirmed scam and duplicate (cloned) get-rich-quick scheme. It seems the scammers were careless and made some amateur mistakes this time.
There is no information about the owner (or more of them). Their “About Us” page (which has very professional small “a” in the footer for About Us) doesn’t give any clue who or how many owners it may have.
When the creator of the program hides their identity, it usually means they want to hide and not been associated publicly with it. Or they are just sloppy and forgot to put their name. Either way, it doesn’t look right.
The three guys that you see saying how The Bitcoin Capital has changed their lives are nothing more than stock photos. They aren’t real people. Here is the proof of that:
Oh, and by the way, have you noticed how the second testimonial, Jessica Bailey, is actually a woman’s name? But with a male picture? And the testimony starts: “As a single mom…” What a fail…
The Bitcoin Capital advertises itself as free trading software. Technically that is true. However, in order to get it going and start trading, you will need to invest money.
But, you aren’t investing money in a trading robot. You are investing money in an unauthorized FCA broker. This means the moment you put your money into this, that very second it becomes their money, and you lose every control over it.
It is not true you are in full control because once you lose your money, you can’t take it back, correct? And once it is done, most likely, they will call you asking for more money so that you can return your investment.
If you cross that line, it is a neverending circle. You will only be losing your money more and more in the hope of getting back what you invested. But, you won’t ever return it that way.
Besides the problems which I mentioned earlier (testimonials and creator), The Bitcoin Capital looks like a clone site. Or at least has the same elements like several already confirmed scam sites.
Sites like Bitcoins Era and Bitcoin Traders Pro have the similar layout and are using the same methods. Just look at the picture below.
You can see how scammers are lazy and using the same variants of other scam sites. In particular, check the section where it is mentioning the 0.01 second time leap.
In case you haven’t already noticed, this site screams with warnings. Let’s cover all of them up, shall we?
- A new company – Only a few months old, they are still too fresh to be considered investing money in to.
- Unknown owner – There is no information about the real ownership—the only thing written is that the team of experts create this software. Always approach very carefully when the owner is hiding their identity.
- Unauthorized FCA brokers – Pro Capital Markets are not authorized or registered with FCA, which means, if something goes wrong, you can’t get your money back.
- A false sense of security – When trading, there is always a risk of losing money involved. The Bitcoin Capital failed to mention that.
- Confirmed duplicate sites – With just a quick search, I was able to find almost identical sites, using the same or similar construction like this one. I don’t see any way how it can build credibility that way.
- Fake testimonials – Testimonials are fake, images are bought online, and even names are wrong.
- Free but not free – Even though access to the “software” is free, you can’t use it if you don’t invest money into it.
I think it is safe to say that The Bitcoin Capital should be avoided. With so many red flags pointing up, it is only a matter of time when someone will get burned. My warm advice is to look elsewhere when it comes to making money online.
From personal experience, I know you can make money online. Sometimes the problem is that you just don’t know where to look to start.
I had the same problem, and while trying to figure out myself, I stumble upon the platform from which I learned everything I know. It is called Wealthy Affiliate, and if you are in look for developing a business online, I encourage you to take a look at my review.
As always, if you have any questions, feel free to leave them in the comment, and I will reply to you.
2 thoughts on “Is The Bitcoin Capital Legit Auto Trader?”
i do not know but right now i am spreading the word and trying my possible best to give people the awareness of this fraud so there would be less victims, i was victimised and it hurt badly. Any suspicious broker or trading platform or online investment, any issues with them from the past or present, investment loss and all.
Help reduce the victims of this fraud.
thank you for your message!
I really feel for you and I’m sad you lost your money. Did you try and get it back? I wrote a review about a site that is dealing with such frauds. You can get information about it here.
I can also see you are interested in online business. Did you hear about Wealthy Affiliate? It is a platform that I love to use and learn from. Why don’t you give it a try? It is free to use as a Starter Member, and if you join with my affiliate link, you can get 7 days of free Premium account, without obligation.
Tell me if I can assist you any further way.