Bitcoin Formula

Details

Broker Bitcoin Formula
Website URL https://ethereumtrading.pro/visit/bitcoin-formula/
Support Types Email , Chat , Phone
Minimum 1st Deposit £100
Minimum Trade Amount $25
Bonus Start Investing
Free Demo Account Open Demo
Trading Currency Bitcoin , Ethereum , Litecoin , Ripple , GBP , USD , EUR
US Traders Allowed No
Overall Score 59

Pros

  • Ideal for Beginners
  • Easy to Use
  • Invest on autopilot 24/7

Cons

  • Black Box Algo
  • No Mobile App

What is the Bitcoin Formula Trading Robot? 

Since 2017, cryptocurrencies es such as Bitcoin. Ethereum and other altcoins became hugely popular investment asset class and attracted the attention of many individual and institutional investors. While professional traders have a wide range of options available, beginner investors often find it difficult to navigate the crypto space and choose the right trading platform. But thanks to recent developments in technology, automated trading systems, or so-called trading robots, became available to the general public and now ordinary people can start investing on autopilot and generate passive income. Bitcoin Formula is one of the most popular cryptocurrency tradings robots that allows you to invest in cryptocurrencies on autopilot, with as little as $25 per trade and with no previous experience required. Many individual investors report that they are able to generate up to $3,000-4,000 in trading profits per month while only spending 30 minutes per day in front of the computer. So does Bitcoin Formula really work? Can you generate passive income by investing in cryptocurrencies on autopilot? We have completed this Bitcoin Formula review to find out how this trading robot works are and if you can really make money with it. So please read further to find out. 

bitcoin formula trading robot review

Bitcoin Formula Trading Robot Features

In a nutshell, Bitcoin Formula crypto trading robot works very simply. By using technical analysis and analyzing the market 24/7, the trading software predicts short-term price movements and provides buy or sell recommendations. The goal is to make a large number of trades and make a small profit on as many trades as possible. Volatile markets such as crypto make a perfect match for that sort of trading strategies. Obviously, not every trade is profitable but for day traders, this is the numbers game. As long as on average you make more profitable trades than losing ones, you can walk away with a profit. And the fact that you can run trading on autopilot makes it easy to manage. On average, crypto investors are reporting 2-3% profits per day when investing with trading robots. That adds up to 20-30% monthly returns, and many individual investors are able to create a passive income stream with the help of trading robots such as Bitcoin Formula. 

Trading robots can make money during both upward and downward trend and the more volatile price the better. One of the key advantages of Bitcoin Formula trading robot is that you can start investing with as little as $25 per trade and $100 minimum deposit. This is possible because Bitcoin Formula is working with CFD broker platforms and, based on your geographical location,  will automatically connect you to the best available broker in your country. When investing with CFDs, you don’t buy an underlying asset and therefore don’t have to pay a full price. Instead, you only need to put enough money to cover the potential price movement difference or so-called spread. That is why this instrument is called Contract for Difference (or CFD). While the required minimum investment is small, you will still benefit from the full price upside. But it is important to remember about potential risks involved as you can also lose money when trading.  That is why we recommend starting small to get yourself familiar with the trading strategy first. 

Kodimax CFD Broker

As we have been writing this review from the United Kingdom, we have been connected to the Kodimax CFD broker, a company registered and operating out of the Czech Republic which is in the European Union. Kodimax is a broker specializing in cryptocurrencies offering its users a cutting-edge trading platform and a number of digital assets to trade. 

kodimax cfd broker trading platform

With Bitcoin Formula trading robot, you can invest in the most popular cryptocurrencies such as Bitcoin, Ethereum, Ripple and Litecoin – the largest and most popular cryptocurrencies. While the CFD broker offers a robust trading platform, you don’t really have to use it as you can run all your trading operations out of the Bitcoin Formula trading room. Once the trading settings have been adjusted, you will only need to monitor your trading occasionally each day. Bitcoin Formula is very easy to use and navigate and it has been most popular among ordinary investors. 

How to Start Investing with the Bitcoin Formula?

It is super easy to open an account with Bitcoin Formula and you can do this in 3 easy steps. 

Step 1 – Open Free Account

All you have to do to open a free account is to provide your name, email address and phone number. You will also automatically get an account with CFD broker so you don’t have to go through this process twice. Once you register and verify your account, you will also receive a call from customer services representative who will help to finalise the account set up. We found this feature particularly useful especially if you have not traded before. 

bitcoin formula trading robot open free account

After you verify your account, you will be able able to log into the Bitcoin Formula trading room which you can see below. 

bitcoin formula trading robot dashboard

Step 2 – Deposit Funds

Before you start investing real money, you will need to deposit funds with the broker. You can transfer money in USD, GBP or EUR using a bank wire, debit or credit card or a number of other methods. To comply with regulations, you will also need to complete the KYC and AML process by supplying a copy of your passport and proof of address. Depending on a broker, this process can take up to a few hours, but with Bitcoin Formula, this process was completed in just 15 minutes. 

bitcoin formula trading robot deposit funds

Step 3 – Adjust Settings and Start Investing

Bitcoin Formula trading dashboard is very easy to navigate and even if you don’t know anything about automated trading you should not have any problems. The basic settings include Take Profit, Trade Amount, Maximum Concurrent Trades, Daily Take Profit, Daily Stop Loss and Maximum Daily Trades. You will also need to choose a currency pair but that is pretty much it. Once you press Start Trading Button, the trading will be launched and you can sit back and monitor your trading positions, as well as profit & loss on each of them.

bitcoin formula trading robot trading settings

Another useful feature of the Bitcoin Formula trading robot is that for new users it gives an opportunity to test its trading algorithm in a real-market environment with $1,500 of virtual cash. We have been trading for about 2 hours using a bit more aggressive trading settings and managed to achieve $1,075 profit. We think this is a very good result considering we only spent in front of the computer for about 15 minutes. While our bet per each trade was higher and a bit riskier, we think that is it very much possible to generate $1,000-2,000 in trading profit per week with very moderate risk. 

bitcoin formula trading robot trading results

Can I Make Money with Bitcoin Formula Trading Robot?

This is the question everyone keeps asking and after completing this Bitcoin Formula review we can say that the answer is yes. The trading strategy proved to be profitable during relatively stable market conditions and we think it is realistic to easily make at least $1-2k per week. Of course, this is not guaranteed and depending on market conditions the trading results can vary. While the Bitcoin Formula demonstrated good performance, investing in cryptocurrencies is a risky business and you should not invest more then you are prepared to lose. But many people are reporting that they were able to create a passive income stream with the help of trading robots such as Bitcoin Formula and that is something that we cannot ignore.

Is Bitcoin Formula Scam or Legit? Our Verdict

If you don’t know anything about technical analysis but want to start trading cryptocurrencies on autopilot, it is well worth trying a simple trading robot such as Bitcoin Formula. However, it is important to remember about risks and always better to start with a small amount until you get confidence in your trading strategy as well as your broker.  

There are a number of important things to consider before investing with trading robots such as Bitcoin Formula. The most important one is the CFD broker that is affiliated with the robot. In our case, Kodimax, a CFD broker registered in EU is not regulated which could be potentially a red flag. But in the meantime, there is a large number of cryptocurrency CFD brokers operating the same setup so it doesn’t necessarily mean they are a scam. As we know, the crypto market is not regulated such as exchanges, wallet and specialist brokers. So we don’t see it as much of a problem. 

bitcoin formula trading robot client testimonials

One of the biggest advantages of the Bitcoin Formula is that is it very easy to navigate and it is suitable for the absolute beginners. You can start investing with as little as $25 per trade but still benefit from the full price upside. Where else can you find that? 

One thing to keep in mind is that Bitcoin Formula trading algorithm is a black-box and it better to try it out first and see if you can make any profit. Try it in different market conditions and with different settings to be able to tell how good their trading strategies are. 

Bitcoin Formula Review – Conclusion

As a conclusion, we can say that if you don’t understand technical analysis and never run automated trading strategies, Bitcoin Formula trading robot can be a good place to start. Our experience with Bitcoin Formula was positive and we managed to achieve good trading performance just after 2 hours. The customer service support was good and managed to answer all our queries in a timely manner. The trading platform was very easy to use and navigate we think this is an ideal platform for beginner investors. We have not seen any substantiated negative reviews on the internet which gives us the assurance that Bitcoin Formula is a legitimate trading robot. 

However, we would be also interested to hear from our readers about their investment experience with Bitcoin Formula and what trading results you managed to achieve. Please share your feedback in a direct message or comment section below. We would be delighted to hear from you! 

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