TradeKing Auto Trading Scam or Not

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TradeKing Auto Trading Scam or Not?

Well someone either got your password or got access to your PC, both are your responsibility.

You can try to contact support and ask for help with the items and they MAY give them back if you are lucky. One time offer. They also might not get them back.

Did you get any messages before that said “my friend can’t add you, please add him” and then a link to a “profile” that you had to copy and paste? Those are phishers.

Auto Trading Hub: Scam or Legit Trading Robot?

Last Updated: 08 April 2020

Auto Trading Hub claims to be a forex, crypto, CFDs, and stock trading robot. This robot alleges to help traders make huge profits with little capital investment. But is Auto Trading Hub a scam or legit robot? InsideBitcoins investigation reveals that Auto Trading Hub is a scam. We recommend that you stay away from it.

Our live test shows that traders consistently make losses when trading with this platform. Likewise, we have found a lot of complaints about people making huge losses with the platform. Like many scam robots, Auto Trading Hub appears to be configured to make losses. Users are trying legit robots such as Netflix Revolution which allegedly generate great profits. Read our Netflix Revolution review or click the trade now button in the table below to start trading.

  • Robot
  • Rating
  • Properties
  • Trade Now
  • 88% claimed win rate
  • $250 Deposit
  • Not a scam

On this Page:

Is Auto Trading Hub a Scam? Yes!

    InsideBitcoins investigation gives Auto Trading Hub a legitimacy score of 11% – Legit trading robots must score above 70%. Auto Trading Hub lacks transparency – Scam robots are known to hide any information that can be used against them. This trading robot has an accuracy score of 0% – Most people who try it report making consistent losses until their account depletes. Keep reading to learn more about this robot or read our review of top Bitcoin trading robots 2020.

InsideBitcoins carries out in-depth research to determine legit trading bots. Our investigation of Auto Trading Hub reveals that it is a scam. Apart from making consistent losses, this platform lacks transparency. The people behind it are not known, and neither is the country of registration or physical location.

Auto Trading Hub claims to partner with regulated brokers, but they do not reveal them until a trader makes a deposit. This is because the majority of these brokers are scammers. They are unregulated and have a reputation of disappearing with users’ deposits.

Likewise, they are untraceable meaning that there is no way of raising a dispute against them. The majority of scam trading platforms are owned by such brokers, and we suspect that Auto Trading Hub is not different. They seem only interested in soliciting deposits. Once you make a deposit, you will not get any help from them. Their trading platform appears set to start trading as soon as the deposit hits the account. Our live test reveals that Auto Trading Hub wipes out an account with a $250 deposit within 5 hours of live trading. Read our review of Bitcoin Trader for a reliable rading robot.

What is Auto Trading Hub?

Auto Trading Hub is a platform that claims to help traders make huge profits from forex, crypto, CFDs and stock trading. The platform alleges to apply top-level trading signals to ensure a high accuracy level. They claim to be among the few auto-trading platforms in the industry that provide high profitability with minimal risk.

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However, our investigation finds a lot of red flags indicating that this platform is a scam. We have determined that this platform does its best to hide these red flags which means that a less keen trader is likely to fall into the trap. Like most scam robots, there is a high likelihood that Auto Trading Hub does not have any proprietary trading technology.

Most scammers bait traders through a webpage that mimics a web-trader. This webpage usually appears to have all the functionalities of a real trading robot. However, it does not have any underlying technology and does not connect to any brokerage. Moreover, it is set to deplete the trading account in a given period hence tricking the unsuspecting trader into believing that there was live trading involved.

As we will see later in this review, Auto Trading Hub also appears to be in the business of selling users personal data to third parties. You are likely to receive a lot of spam emails and calls if you sign up with them.

How does Auto Trading Hub work?

As mentioned previously, Auto Trading App claims to apply sophisticated computer algorithms to scan the markets for trading signals. The platform alleges to execute these signals into users’ accounts. As mentioned above, Auto Trading Hub is a scam, and you should avoid it.

According to Investopedia, a trading signal is a suggestion for entering a trade. These suggestions come from fundamental analysis or technical analysis. Legit trading robots analyze vast amounts of data to come up with these signals. In fundamental analysis, the data is qualitative an often involves scanning for tradeable news. Technical analysis, on the other hand, consists of an analysis of quantitative data including reading charts.

The best trading robots are usually claimed to be more accurate than humans given their ability to analyze huge amounts of data within milliseconds and make decisions. For a legit auto-trading robot with allegedly highly accurate trading algorithms, we recommend that you try Bitcoin Evolution. Read our review of Bitcoin Evolution or click the “Trade Now” button in the table below to start trading.

GMO Trading Review – Is scam or good forex broker?

Trading Accounts & Conditions

Account type Minimum deposit Maximum leverage Spread
Standard Unknown 1:200 Average of 2.4 pips

When you hear the name GMO Trading, you may think this company competing with Monsanto, but in reality this is a forex broke. We didn’t manage to find the meaning of the abbreviation, but on the other hand found out this is a CySEC regulated broker. While this is a strong feature, there are some others which we don’t appreciate as much,

GMO Trading Advantages

CySEC regulation
GMO Trading is owned by Royal Forex Ltd., which is registered with the Cyprus Securities and Exchange Commission (CySEC). The legal environment in which a broker operates should be your biggest concern, when comparing them and the Cypriot regulatory agency is one of the most respected ones.

Up to 1:200 in leverage
Trading on margin is risky, but the only way to effectively access the forex market. That being said, the options provided by GMO Trading are rather nice. With “gearing” going as high as 1:200 no one will be left behind.

MetaTrader4 trading platform
GMO Trading provides access to the global financial markets via an industry leading platform. Developed by MetaQuotes, this piece of software offers a standalone desktop application, a mobile app and a web version. This may be impressive, but is nothing when compared to the amazing functionality. With excellent charting, support for automated trading systems and multiple ways to copy trade, it is second to none. Here is a prebiew of the platform provided by GMO Trading.

Click to zoom in

Demo not easy to run
When setting up an account with GMO Trading we realized the demo account is hard to run on the desktop version of the platform, as the server is not added to it by default. We didn’t wanted to bother looking up the settings (which the customer support team should be able to provide), so we registered a real account. This leads us to the next two points.

Questions upon registration
When setting up the account we had to fill in information about our trading experience. This isn’t a negative by itself, as it protects a newcomer to the global markets. What frustrates us, is the fact this process takes place during the account creation, instead of later on. We realize this is required by the regulators, but maybe putting it before making your first deposit will be better.

Accounts only in EUR and GBP
The second key thing we noted when creating our account is the fact USD was not option for our base currency. While this may sound ok to those of you who are based in Europe, it may not be to the rest of the world. Additionally a lot of currency pairs are quoted in USD and your trading results are actually measured in the currency. Doing the conversion on every trade can be annoying.

Some details not mentioned
GMO Trading’s overall presentation is rather nice. That being the case, several key points are not mentioned on the company’s website. They include: a full instrument list, the minimum deposit requirement and the target spreads. The last point is quite unusual for a regulated broker.

Rather high spreads
The fact spreads are not disclosed at GMO Trading did not stop us from revealing them, when testing the MT4 platform. During the middle of the European session, when liquidity is expected to be quite high, the EUR/USD one was fluctuating around 2.2 – 2.6 pips. This is simply unacceptable in the current day and age. While the spread shouldn’t be your main concern, other companies offer much better trading conditions. Be sure to visit our dedicated spread comparison platform for the full picture.

GMO Trading is a CySEC-regulated forex broker. The company supports the well-known MT4 platform, but sadly the spreads provided are not that impressive. We have a few other issues with the company, but at the end of the day, the costs of trading are the biggest one.

That being said, GMO Trading still has a major advantage over a lot of other brokerages – the Cyprus regulation. While financial markets may not be your first association with the island, this sector of their economy is very healthy. The Cyprus Securities and Exchange Commission (CySEC) is among the most reputable watchdogs and we will like to briefly introduce you to the most important rules, when it comes to the security of your trading capital.

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Trade Scam FAQ

Valve employees will never ask you to trade your items to them; this includes users who claim to work for Steam Support.

Users claiming to be a Valve employee, accounts asking to verify your items, and users who send you a message which insist you need to trade your items to them for investigation or security reasons should immediately be reported for trade scams.

What is a trade scam?

A trade scam is when a Steam user convinces another user to make a deal (trade, gift or market transaction) under false pretenses. Scams usually involve deception in order to convince a user that they are getting a good or fair deal when in fact they are not.

For more information on scams please read below and view our Recommended Trading Practices article and the Steam Item Restoration Policy.

What are the best ways to avoid getting scammed?

  • You don’t need to rush to complete a trade. If you recieve an offer, take your time to thouroughly review the contents. Once you confirm a trade offer, there is no going back.
  • Ignore pressure to trust the other user. If you are trading with a user who insists that you trust them, they are probably attempting to scam you. Please note that +rep comments can be generated easily by malicious groups.
  • Mouse over every item to ensure that the item/gift properties are correct. Information about the item/gift will be shown in the tooltip, including the quality, name, description and any effects.
  • Do not trade items in separate or future trades. If another user requests that you do multiple trades, they could be scamming. Always insist to complete the entire trade in one single offer.
  • Ensure that you are trading with the correct user. Scammers may try to impersonate your friends and other trusted traders. It is your responsibility to know who you are trading with.

What kind of trades should I avoid?

Do not trade for anything that cannot be added into the Steam trading window. The most common examples of these types of trades include:

  • Trading items/gifts for money outside of the Steam Community market. You cannot add Wallet credit, PayPal, gift cards or any form of money to trade offers.
  • Trading items/gifts for CD Keys. You cannot add a CD Key into the trade window. CD Keys that are offered can be for a different game, fake, used or region restricted.
  • Trading items/gifts for nothing in return in the first trade and expecting to get an item or gift in a later trade. There is no reason to not trade everything in one trade. You may add unlimited items/gifts to a single trade. A common example of this is using a middleman to facilitate a one-sided trade.

For more information, please see our Steam Trading FAQ and Recommended Trading Practices articles.

What specific scams should I be aware of?

Users should always double check the contents of a proposed trade before accepting, even if that means inspecting each item in a multiple-item trade. Be sure to verify the item and its quality before confirming any trade.

There are a number of common scams users may attempt to deceive you out of your items:

  • Item switching – You discuss a trade offer with another user beforehand, and the item they put into the trade offer looks like the item, but isn’t as valuable as the original offer.
  • CS:GO quality switch – A user offers you a specific quality CS:GO item (Factory New), but the item in the offer is of a lower quality (Field-Tested). Often the item switch is made in a counter-offer.
  • Hidden item – A user offers a trade that includes a lot of your low value items (cards, crates, etc.), but also includes a high value item hidden somewhere in the middle.
  • Begging/spamming – A user spams trade offers requesting high value items for nothing or little in return in hopes that you mis-click and accept the offer.
  • Forward confirmation email – A user convinces you to forward your confirmation email to their email address. They then confirm the trade using the link in the message. Do not forward trade confirmation emails or links and do not provide additional information to another user asking for information used for your account.
  • Money For Items – A user offers to send you money in the form of PayPal, PaySafeCard, Steam Wallet codes, Steam Digital Gift Cards, etc. The scammer usually sends you a fake payment code after the trade is completed. In the case of Steam Digital Gift Cards, the scammer may even appear to pay you first, but be planning to charge the Digital Gift Card back later or buy the gift card with a fraudulent credit card.
  • CD keys for items – A user offers to send you a Wallet Credit code or a game’s CD Key in exchange for your items. The scammer usually sends you a fake CD Key after the trade is completed.
  • Users offering item duplication – A user offers to duplicate your items, but first you have to trade away your items. After receiving your items, the user blocks your messages and keeps your items.
  • Users acting as trade bots – A user impersonating a trade bot(s) tells you that you have to trade them some items. After you’ve accepted the trade and sent the user the items, they block you on Steam and keep your items.
  • Middleman trades – If you are performing a trade that sits within Steam’s trading guidelines, there is no need for a middleman. Any time you choose to trust any other user with one of your items, you are allowing them the opportunity to scam you.
  • Verification accounts – A user wants you to trade an item for “verification”. The user will give a made-up excuse to convince you to do this, such as needing to make sure the item is not a duplicate or to ensure the item is not bugged. These users will then keep your item(s) and block you, getting away with the items.
  • Fund transfer via the Steam Market – A user offers to send you Steam Wallet funds by buying one of your low value items at a high price in the market. Most of these offers are done using fraudulent funds.
  • Voice comm software/join our tournament team (malware) – A user convinces you to install malware hidden in a voice communication, anti-cheat, or other type of software by claiming that they need you to install it so that you can play in a tournament.
  • Offering fraudulent items for resale – Malicious users will sometimes acquire unusual items (often with fraudulent credit cards) and then attempt to trade them to you for more well known items with established value. Prior to doing this they may also manipulate the Steam Community Market price of these unusual items by using stolen credit cards. Watch out for claims that they will overpay or that you can quicksell (qs) the items for an immediate profit. Consider why the user would be willing to take a loss by trading the items to you instead of selling them themselves. As an excuse, these users will sometimes say they need tradeable keys or other tradeable items. Do not accept these trades as the value of the unusual items has been falsified and the subsequent Market transactions may be reversed due to fraudulent activity.

What is the difference between a scam and a hijack?

A scam is when a user deceives another user into willingly (at the time) completing a trade, market transaction, or sending a gift. After the trade is completed, the person who was scammed either doesn’t receive what was promised, or the items involved are not what was agreed upon.

A hijacking is when an account or a computer is taken over by someone else without the account owner’s permission. This is often done with malware or a virus. In some cases the hijacker will convince a user to hand over their login information by providing a fake Steam or a third-party trading site. Hijackers most commonly steal accounts to gain items or games, and sometimes commit fraud. Hijackers often use stolen accounts to commit more hijackings. In these cases, we lock the account until the rightful owner contacts us about the hijacking.

Additional information about hijacked accounts can be found in our Reclaiming a Stolen Steam Account article.

How do I report a scammer?

If you’ve been scammed or another user has attempted to scam you, please use the Report feature built into Steam. This is the best way to bring scammers to our attention so we may take action:

  • Go to the profile of the offending user
  • Click the ‘More’ drop-down located at the top right of the page
  • Choose ‘Report Violation’
  • Select the violation (example, ‘Attempted Trade Scam’) and hit ‘Submit Report’

If a user you’ve reported for scamming has had action taken on their account, you’ll be notified with a message in Steam.

What action is taken when a scammer is found?

If evidence exists that a Steam user is scamming, Steam Support will ban the account from using the Steam Community, including trading and using the Steam Market. The length of the ban is dependent on the severity and quantity of the scams. In some cases, scammers will be banned permanently. If a scammer has multiple accounts, all of their accounts may be subject to the ban as well.

In rare cases, scammers will hijack an account and use it to commit scams, fraud, or other hijackings. In these cases, we lock the account until the rightful owner contacts us and we will take appropriate action.

Why doesn’t Steam return scammed items?

Our community assigns an item a value that is at least partially determined by that item’s scarcity. If more copies of the item are added to the economy through inventory rollbacks, the value of every other instance of that item would be reduced.

We sympathize with people who fall victim to scams, but we provide enough information on our website and within our trading system to help users make good trading decisions. For more information on this, please see this post on our store blog.

Upon receiving a trade ban, the offending account also gets placed into trade probation as well. Probationary status allows other users to determine if a user has committed scams in the past so they can make better decisions about whether or not they want to trade with users who have scammed. Please note, probationary status does not prevent users from trading.

Why won’t Steam Support provide information on why an account was trade banned or locked?

By limiting the provided data, Steam Support prevents malicious users from learning how to avoid getting caught in the future. Steam Support relies on several data points to arrive at a decision to ban or lock an account. Users intent on committing malicious activity, most often done to other users, are constantly trying to gain this data to use in future scams, fraud and hijackings.

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