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Is Crypto CFD Trader a scam? Yes, truthful review here

is crypto cfd trader a scam

Welcome to my review of Crypto CFD Trader!

You’re wondering if this software is going to help you make thousands of dollars, am I right? Or is Crypto CFD Trader a scam that will not make you a dime?

It’s good that you are suspicious about it because it turns out it’s not what it’s advertised.

Here in this Crypto CFD Trader review, I will show you what this system really is, how it really works and more.

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Crypto CFD Trader review


Name: Crypto CFD Trader

Owner: “Lenny Hyde”

Website URL: cryptocfdtrader.net

Price: at least $250

Created in: February 2018

Overall Rating: 5/100

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What is Crypto CFD Trader?


The moment I came across the Crypto CFD Trader sales page, I thought it was another one of the countless cryptocurrencies scams because of the red flags I noticed.

So I started watching the Crypto CFD Trader sales vidoe to see if I was right or wrong.

Some well-known investors and entrepreneurs like Bill Gates and Richard Branson invest in cryptocurrencies. But the problem is that the ICOs, wallets and blockchain stuff is difficult to understand, that’s why this software called Crypto CFD Trader was allegedly created.

This software is claimed to be easy and simple to use. You don’t even need to understand what a Bitcoin is, according to the spokesman.

This software does all the work for you. It makes data research on the best cryptocurrencies and finds out when is the right time to buy or sell. Then it places the right trades to get the best results for you.

Therefore, you don’t need to have any prior experience or trading skills. And the best part is that it has a 99.83% accuracy and can generate money for you on complete auto-pilot, isn’t it cool?

Oh, and Lenny Hyde, the presumed owner of this software, is giving it away for free. He claims to be already a millionaire so now he wants to help people like you achieve financial freedom.

Doesn’t it sound way too good to be true? Yes, it is. Let’s see how it really works.

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What can you expect from Crypto CFD Trader?


The truth is that you can expect this Crypto CFD Trader software to lose your capital. It’s been created to only benefit the people who are running it.

This scam works just like other binary options scams I’ve exposed in the past like Dubai Lifestyle App, 1K in 1 Day, CFD Society, The Bitcoin Code… There are too many of them.

In order to join, you’ll have to complete a form with your name, your email address, your phone number and a password.

Then you’ll get asked to invest at least $250 with a certain broker (KayaFX in my case), and this is how they try to get you.

These brokers they want you to deposit with are unregulated brokers that are known to take the traders money. 

Therefore, if you make the $250 deposit, even if you manage to win some of the trades, they will not let you withdraw your money.

The only ones that get to benefit here are the unlicensed broker and the scam artists behind Crypto CFD Trader (they’ll earn a commission at your expense).

And guess why they ask you for your phone number before signing up. They will call you to convince you to invest as much as you can so that they can earn as much money as possible. 

They will also send you emails related to this scam or other scam programs. They will try to get as much as possible from you. These con artists never limit themselves when it comes to the amount of money they can steal.

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Is Crypto CFD Trader a scam?


Yes, Crypto CFD Trader is a big scam because it doesn’t live up to its promises. 

It only benefit the unethical people who have created it, which is unacceptable. 

Apart from what I’ve explained, there are some red flags that you need to be aware of.

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Lenny Hyde is a made up character


Lenny Hyde is supposed to be the creator of this software, according to the information on the Crypto CFD Trader sales page.

is crypto cfd trader a scam
“Lenny Hyde”

However, this is not true. He’s not a crypto millionaire and everything they say about him is invented. This software hasn’t made any money to the people who have tried it. 

The picture of this man can be found on other websites, as you can see below:

is crypto cfd trader a scam
Proof 1

And what about the spokesman? He’s more than likely a voice actor that has got paid to recite the script the scammers have invented.

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“As seen on” lie


Another red flags is the “as seen on: CNN, BBC, Bloomberg, The New York Times” claim.

is crypto cfd trader a scam
Fake claim

I know this is not true because there’s no information about this software on those news sites. 

The reason why they make this fake claim is to gain credibility. They want you to believe that this software is well-known and that there are many people who want to join.

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The testimonials are fake


The Facebook comments are also fake. None of those people have tried this software.

crypto cfd trader scam
Crypto CFD Trader fake Facebook comments

 

I did some image searches and found out the picture they’re using for the “Eddy Gonzales” fake testimonial.

is crypto cfd trader a scam
Proof 2

Apart from that, they claim this software has existed for some months already. But the truth is that it’s only been around for a month.

Today is 9th March 2018, and I’ve found out it was registered on February 8th 2018. See the cryptocfdtrader.net domain registration date below:

is crypto cfd trader a scam
Proof 3

Therefore, it makes no sense that “Eddy Gonzales” joined this software two months ago. All the other testimonials are also fake.

No one has made money with this software but the scam artists behind it. If this software really worked as advertised, they wouldn’t have create false testimonials.

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More lies


There are just too many red flags and lies in the Crypto CFD Trader sales page and video.

  • Fake video testimonials. The video testimonials are not real Crypto CFD Trader members. They haven’t even tried it. They’re paid actors who sell their acting services on outsourcing platforms like Fiverr. The scam artists have paid them like $5 just to talk positive about this fraudulent software.
  • Lie about the price. Another scam sign is the fact that they first claim this software is free, but later in the video you can realize that the minimum investment is $250. Why can’t they be honest upfront?
  • Lie about the money you can make. There’s no such thing as making thousands of dollars per day without doing much work. There are people who’ve got rich trading crypto but they constantly learn and none of them has relied on a so-called “done-for-you” automated software.

If you read the disclaimer below, you can read that the Crypto CFD Trader sales video is fictitious, actors have been used and there’s no guarantee you will make money.

is crypto cfd trader a scam
Crypto CFD Trader disclosure

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My final conclusion on Crypto CFD Trader


I highly suggest that you stay away from Crypto CFD Trader because it will not benefit you in any way. It will waste your time and money and will also leave you upset and frustrated. 

There’s no way I can recommend a software that only benefits the scam artists who have created it. 

With that being said, the final decision is up to you. If you want to use this software go right ahead but I surely don’t advise doing so.

Whenever you come across a sales page or program that claims you can earn money easily or quickly, I recommend that you start suspecting because most of them (not to say all of them) end up being scams.

If making a fortune online was as easy as these scammers want you to believe, then we all would already be rich. 

The way you can stop falling for these get-rich-quick schemes is by taking into consideration that making a living online requires you to learn, work, be patient and stay persistent.

If you’re serious about making a full-time income online, you might be interested in using the business model I’ve been using to make a consistent income month after month.

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I hope this review has been helpful to you and you’ve found the answers you had concerning Crypto CFD Trader.

If you have any questions or opinions, feel free to leave a comment below and I’ll get back to you soon!

Best wishes 🙂 

Miren Ribera

Miren
Hey there! I’m Miren and welcome to my site. I started this site to help people avoid online scams and teach them how to make money online.

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