Today I am going to give you my Crypto Genius Review. I was surfing the web and came across the ad for it, so I clicked on it out of curiosity. Straight away, I got the usual speel around how you invest $330 AUD and make thousands a day.
They even had Australian news celebrities fake endorsements on the site, a red flag for me straight away. Anyway, I thought I would dig a little deeper, so I signed up for a free account. I immediately got a call from some foreign boiler room (my account manager) wanting me to deposit money.
I had a brief chat and asked him what trading bot they were using and where could I see it. I got the run-around and ended up hanging up. After that, I thought I would go to the official Crypto Genius website. I scrolled down the page and seen this.
More Red Flags
This worries me when I see stuff like this, “No government taxes cryptocurrencies” Well, that is just BS. So claiming that to people when joining up is just wrong. Crypto is taxed in most countries.
“It leads to a decentralized economy” while this is somewhat true, it is not decentralized at all while they are holding your money and have control over your trading. So Crypto Genius is Fully Centralized. That is really just a con to get people to sign up.
“A person can take advantage of its volatile nature” yes, this is true, but you are relying on Crypto Genius to do this for you. Do you really think they have your best interest in mind?
“You cannot lose cryptocurrencies as you do with physical currencies” More BS. Of course, you can lose it especially trading. To make a claim like this on a signup page for a trading software program is just wrong and irresponsible.
These are massive red flags for me. They are outright lying to potential new customers.
Anyway, after I entered my details, I was immediately taken to a Trading platform from Richmond Super. I had a look around as I have never heard of Richmond Super (more on them later). It looks like a second rate platform with large spreads, and I could not find anything about the method, trading bot, algorithm or whatever they are supposedly using to generate you thousands of dollars a day.
OK, let’s do a Crypto Genius Review, and I will give you my thoughts on whether it is the real deal or not.
What is Crypto Genius?
Crypto Genius provides trading software that is linked to your account and a Trading Platform that provides an automated trading feature. You invest a minimum of $250 USD, set the platform to auto-trade for you, and get thousands a day in profit; sounds good, right? They claim the platform is user friendly, and NO trading experience is required to use their automated trading system.
How does Crypto Genius Work?
That is all that Crypto Genius appears to be, some trading software that is linked to a trading platform. Once you have joined and put your initial min deposit of $250 USD into your trading account, you can trade manually or flick the switch on the platform and let the Auto-Trade feature work for you.
So you have two options,
- Trade manually yourself and not just crypto; the platform has Stocks & FX as well.
- Use the Auto-Trade feature. This is a trading bot that you switch on and links to your account, and it will place trades automatically for you. Set and Forget sounds great.
Can you Make Money with Crypto Genius?
I would say if you are an experienced trader and trade manually, you have the potential to make money. However, the quick look I had at the platform had terrible spreads. I have not invested any money into the platform personally, so I am only giving you my honest opinion.
I would not go near the Richmond Super Trading Platform, so I can not comment on using the platform because I have not used it. I personally use exchanges like Binance & FTX for trading because they are the top platforms with low fees and are regulated.
I looked into Richmond Super a little and found out that they are an offshore unregulated Forex broker. I also could not find any information about the company behind the brand’s name and its address and regulatory information. These are BIG RED Flags for me. Being unregulated, your funds are NOT protected.
Pros & Cons
- If you believe it, you get a simple to use automated trading platform that makes you thousands a day.
- I am trying to find something else good to say about Crypto genius, but I can’t, sorry.
- Not transparent at all, no company info available, can’t view the software they use etc…
- Unregulated trading platform
- Straight out deception on their home-page – lot’s of false claims
- 100% Bad reviews on TrustPilot
- Do I really need to go any further?
Is Crypto Genius Legit?
The outcome of my Crypto Genius Review – Crypto Genius is a SCAM as far as I am concerned. They are deceptive in their claims and have false information on their website. To top it off, they use an offshore unregulated broker. If you bother to read the fine print on their website, you would have seen this.
“Important Risk Note: Trading can generate notable benefits; however, it also involves a risk of partial/full funds loss and should be considered by initial investors. Around 70 percent of the investors will lose money. Carefully read our terms & conditions and disclaimer page before investing. Customers must be cognizant of their individual capital gain tax liability in their country of residence.
Now hang on, 70% will lose money and capital gains tax.
Remember what it said up the top of the website,
- No government taxes cryptocurrencies
- You cannot lose cryptocurrencies as you do with physical currencies
Yet in the fine print down the bottom, Crypto Genius says that 70% will lose money, and there may be capital gains tax?
Don’t you think that is deceptive? Would you trust them? I certainly would not, and this is why I call them out as a SCAM.
I hope my Crypto Genius Review saved you wasting your money. I would stay well clear of Crypto Genius and similar programs, they will fleece you of your money, and there is nothing you can do because they are not regulated. Besides, do you really think it is that easy and that someone else has your monies best interest in mind, seriously? Of course, NO ONE else cares for & respects your money as you do.
Yes, you can create Wealth with Crypto, but I honestly believe that the key is to educate yourself and take control of your own financial future. It is not hard, and you can start for free and be 100% in control of your own money. I have written a few posts on Trading Crypto, but the Number #1 course I recommend is Trader Cobb.
My No #1 Recommendation
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Celebrities are not traders, so don’t fall for the BS endorsements. Instead, learn from a professional trader that has results because experience matters. Risk management is big when learning to trade, and Trader Cobb covers all this. Don’t rely on someone else to manage your funds.
Crypto can be risky, and yes, there are still many scams out there like Crypto Genius, but there is also some excellent information like in the Trader Cobb course. Stop looking for Get-Rich-Quick programs; they don’t exist. Invest in yourself and take control of your financial future.
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and remember Be the Best you can Be!
! DISCLAIMER: I am not a financial advisor. This is not financial advice. The content and material I provide on 2dsirecrypto.com is my opinion only and general in nature. Always do your own research before investing any money. You should always understand the risks involved in trading and investing and seek advice from licensed professionals before undertaking any investments of your own.