Forex Robots

Botee.Trade Review: Is This Crypto Bot Safe and Legit?

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Botee.Trade

Botee.Trade is a cloud-based crypto trading bot that allows traders to create unlimited configurations for the available algorithms. It offers unique tools and features like paper trading, free backtesting, smart charts, etc. You can use a combination of different indicators within a single strategy and benefit from leverage on some platforms. This review aims to guide new users if they should trade cryptocurrency via this robot by explaining the security, features, strategies, and profitability of the system.

About Botee.Trade

Botee.Trade bots trade 24/7 in the cryptocurrency market on Binance and Bitfinex on traders’ behalf. It enables investors to have highly customizable parameters and setting according to their requirements. The vendor states to have a flexible GUI interface and a detailed analytics dashboard.

Botee.Trade review: key features

The features of Botee.Trade includes:

  • It provides customizable charts.
  • The platform offers tools to create complex strategies.
  • It is a cloud-based software.
  • Traders can trade with leverage to increase profits on Bitfinex.
  • Free backtest and unlimited paper-trading for testing strategies with demo funds.

Botee.Trade: trading strategy

Botee.Trade allows investors to customize conditions for their trading methods. It trades in the market with the following strategies and indicators.

  • Indicators: Moving average, RSI, Stochastic RSI, MACD, Bollinger Bands.
  • Basic strategies: Cross, Take profit, Stop loss, Instant, and Always.
  • Advanced: Dollar-cost averaging and Trailing stop.
Strategies of Botee.Trade

Strategies of Botee.Trade

Security of Botee.Trade

Botee.Trade takes various security measures to secure the funds and accounts of its users. The investments remain on your exchange, and the bot can not withdraw them. It uses API keys and dedicated trading servers.

Security of Botee.Trade

Security of Botee.Trade

Is Botee.Trade safe?

Botee.Trade offers free backtesting and demo trading where traders can test their bot and strategies. Traders should have basic coding knowledge to use the platform because a single mistake can result in a loss of investments. There are no reviews on the trusted website from users, which raises concerns about the authenticity of the algorithm.

Safety of Botee.Trade

Safety of Botee.Trade

How much does Botee.Trade cost?

Botee.Trade includes a free trial of 7 days, and the monthly plans include:

  • Basic: $60/month, Backtests, live & paper trading, deposit up to $10,000.
  • Advanced: $120/month, extra features like notifications, analytics, and a $100,000 maximum deposit.
  • Professional: $270/month with priority support and a maximum deposit of $300,000.
Safety of Botee.Trade

Safety of Botee.Trade

Deposit and withdrawal

The platform accepts payment only in Bitcoin, and each pricing plan has a limit on deposits starting from $1000 up to $300,000 in the premium subscription. There is no information about the minimum funds required to create the bot or withdrawal methods.

Does Botee.Trade charge fees and commissions?

Botee.Trade does not charge any extra fees or commissions; it depends on the exchange you are trading on.

Commission

Commission

How much profit can it earn?

The profit solely depends on the trading methods and market conditions. Botee.Trade does not provide the records or performance of the bots, and no customer reviews, making it an incompetent and suspicious platform.

Company reputation

The roadmap states that the bot was built in 2017 and officially published in 2018. The website lacks a company background and developers. Botee.Trade profile on LinkedIn shows that Sergey Anosov is the CEO and Vladimir Cibizov is the senior frontend developer.

The team behind Botee.Trade

The team behind Botee.Trade

Botee.Trade reviews

There is a lack of customer reviews on trusted platforms like TrustPilot, which raises a red flag about the legitimacy and trustworthiness of the bot.

Who is Botee.Trade for?

Botee.Trade is best for professional traders, as stated by the website. There are no preset templates or prebuilt strategies for the bots. It requires complex configurations and settings.

Botee.Trade: supported devices

Botee.Trade is a cloud-based software and runs on PC, tablets, and mobile phones.

Supported devices

Supported devices

What exchanges does Botee.Trade support?

Botee.Trade support two exchanges: Binance and Bitfinex. Both the platforms support margin trading, but Bitfinex does not support Backtests. Binance is currently unavailable, as mentioned on the website.

Botee.Trade: customer care

Customer support is inadequate because they can only be reached via phone or email). They also assist traders through Telegram and Discord.

Botee.Trade Crypto Bot

5

Botee.Trade is a Bitcoin and altcoin trading bot with innovative tools and features. The site lacks consumer reviews from previous users, which are necessary for evaluating the bot's performance from the viewpoint of the public. It has poor customer service, and the website lacks proper backtesting and live records.

  • It includes a tool for testing strategies on historical data
  • Traders can combine multiple indicators in one strategy
  • It only supports two cryptocurrency exchanges
  • Lack of customer reviews on TrustPilot
  • The pricing plans are costly
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