Crypto Bull App is a new fully automated trading software which is getting popular in the sector at an exponential speed. They support a wide range of brokers and the ones you get if you decide to sign up with them mainly depends upon your location. When we were investigating this platform, we found out that they support both the regulated and unregulated brokers, but at the end of the day, it all comes down to your preference.
While there are certain advantages of choosing unregulated brokers, the security of funds will always be a mystery and you should decide whether it is worth the risks involved. The trading indicators used by this software is kept confidential, but as they offer demo accounts, you can test them out without putting your money at risk and that feature is a huge win in our books.
Regardless of your level of experience, it is quite easy to get overwhelmed in this sector and as far as this software is considered, you don’t have to panic, because we have done all the hard work for you. Go through our unbiased review wherein we will explore this platform in every way and then decide whether this app is the one which suits your needs or not.
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Dashboard and Trading Signals
As soon as you login to the platform, all the trading signals are available at a glance on the left side of the screen. If you are a scalper, then you will love the numbers of signals generated which are roughly around 5 to 6 signals every few minutes. On the other hand, before you try scalping, make sure that you have enough experience or else the account balance will go south quickly.
Swing trades are also recognised by the trading algorithm and presented in the dashboard. The only thing missing from the platform is the details of the parameters or the indicators used by the trading algorithm. However, just like we mentioned above, as they provide free trials, it shouldn’t be a big issue. Moving on to the fully automated way of trading, with a push of a button you can enable the entire trading process to the software.
By default, the software places two to three trades simultaneous and if you want to be more aggressive or conservative, you can always intervene with the algorithm. We strongly suggest you to monitor the trades constantly and never to over leverage. Given how user friendly the whole interface is, we are sure that you will get used to it quickly.
Brokers Available
In the world of online trading, it is of paramount importance to choose the right broker. You need to consider the regulatory history, spreads present on various asset classes and other trading conditions before you proceed with any brokerage. Crypto Bull App supports a number of brokers and the way the people are allocated mainly depends upon their location. For example, let us say that you are from France, then you will get a different broker compared to a person who is from Germany.
We found both regulated and unregulated brokers working with this platform. So, before you proceed with them take a look at the specific brokerage assigned to you and for any reason, if you don’t feel safe or confident about them, then contact the support team immediately and request an alternative.
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After all, as traders it is our duty to ensure the security of the funds. The other things to look for in a broker is the customer support aspect and the previous customer feedback. In today’s world, it is impossible to hide the truth for long and even though many people have tried to meddle with testimonials before, till date it is the best way to gauge the reputation of a service.
Demo Accounts
Just like many reputable services, this platform also provides a no strings attached demo account. Their goal is to give the customers a complete understanding about the way their software works without putting any money at risk. If you are a beginner, then you can check out their demo account and trade with it as long as you want.
Once you are confident, then you can go ahead and open a live account. However, do note that in demo accounts, there is no slippage, but in live accounts during peak trading hours or scheduled news events orders might be executed at unfavorable prices. So, make sure that you leave enough room for volatility while placing the stop loss level and as long as you maintain enough margin, events like slippage will not drastically affect your account.
Deposit and Withdrawals
Most of the brokers working with this platform require a minimum deposit ranging anywhere from $250 to $500. The most common methods of funding includes debit cards, credit cards, online wallets, bitcoin and other popular cryptocurrencies. Time required to process the withdrawals vary from broker to broker, but usually it will be around 1 to 3 days.
There may or may not be transaction fees applicable on deposits and withdrawals. However, it all depends upon the payment method you choose. Remember, for specific queries you can always get in touch with the support team of the allocated broker and they will let you know everything in detail.
Crypto Bull App Review Conclusion
Crypto Bull App is a decent auto-trading solution, but just like everything in life, it has its own set of advantages and disadvantages. On the other hand, it will help you reduce your screen time drastically and will become a good source of passive income, if you have the necessary skill set. So, get educated about the markets first, then if you want to start using the software, deposit the bare minimum amount and once you feel happy with the results, then you can scale up eventually.
