Bitcoin System Review - is it a scam?
Firstly, always read the small print first - they have updated their small print recently:
REGULATION & HIGH RISK INVESTMENT WARNING: Trading Forex, CFDs and Cryptocurrencies is highly speculative, carries a level of risk and may not be suitable for all investors. You may lose some or all of your invested capital, therefore you should not speculate with capital that you cannot afford to lose. Please click here to read a full risk warning. Bitcoin System is a technology, marketing and advertising service. Bitcoin System does not gain or lose profits based on your trading results and operates as a technology, marketing and advertising service. Bitcoin System is not a financial services firm and does not operate as a financial services firm and is only used as a marketing tool by third party advertisers and brokers to attract customers. Its your obligation to check and decide weather the broker you were connected to applies to all local rules and regulations and is regulated in your country jurisdiction and is allowed to receive customers from your location your are in, before you fund your account with the broker and start trading with it. please report Bitcoin System (because we can't be bothered to check) if you find that the broker assigned to you is not regulated in your jurisdiction so we can cancel your account with Bitcoin System.
We are required to tell potential investors that our software's past performance does not necessarily predict future results, therefore you should not speculate with capital that you cannot afford to lose.
USA REGULATION NOTICE: Option trading is not regulated within the United States. Bitcoin System is not supervised or regulated by any financial agencies nor US agencies. Any unregulated trading activity by U.S. residents is considered unlawful. Bitcoin System does not accept customers located within the United States or holding an American citizenship.
SITE RISK DISCLOSURE: Bitcoin System does not accept any liability for loss or damage as a result of reliance on the information contained within this website; this includes education material, price quotes and charts, and analysis. Please be aware of the risks associated with trading the financial markets; never invest more money than you can risk losing. The risks involved in trading Forex, CFDs and Cryptocurrencies may not be suitable for all investors. Bitcoin System doesn't retain responsibility for any trading losses you might face as a result of using the data hosted on this site.
LEGAL RESTRICTIONS: without limiting the undermentioned provisions, you understand that laws regarding financial contracts vary throughout the world, and it is your responsibility to make sure you properly comply with any law, regulation or guideline in your country of residence regarding the use of the Site. To avoid any doubt, the ability to access our Site does not necessarily mean that our Services and/or your activities through the Site are legal under the laws, regulations or directives relevant to your country of residence.
Please note that Bitcoin System receives advertising fees for directing users to open an account with the brokers/advertisers and/or for driving traffic to the advertiser website.
That surely is everything you need to know - it is all lies and is designed to deceive those who do not read the small print.
MT4 ForEx robots can make a profit under certain circumstances with certain conditions imposed but will never be able to trade successfully for long. MT5 robots can trade ForEx, CFDs (illegal in the states) and Stocks but no algorithm is going to continually make a profit that will be allowed to be sold to the public, it would destroy the economy almost overnight.
But just to be fair, let's have a look at what the website promises and see if any of it is true.
Anyone promising to give you a 80% accurate robot is a liar and is trying to scam you.
VERDICT, BITCOIN SYSTEM IS A: SCAM