The Litecoin Trader system claims to be able to make profitable cryptocurrency trades on your behalf & you’re led to believe that it can generate you as much as $2,000 within just 24 hours of getting started.
The creators claim that it runs entirely on autopilot & that all you need to do is make a small deposit in order to begin making money…
But is it actually legit or will Litecoin Trader scam you & just see you spending more than you ever manage to make?
Thankfully you’ve landed in exactly the right place to find out because I’ve taken a closer look into it & in this review, I’ll be uncovering everything you need to know including how it all works & whether or not you can really make any money with it.
What Is Litecoin Trader? | How Does Litecoin Trader Work? | The Red Flags | Is Litecoin Trader a Scam? | A Better Alternative
What Is Litecoin Trader?
The Litecoin Trader system is an automated trading platform which means that it makes trades entirely on your behalf – and it claims that these trades will all be profitable, generating you as much as $2,000 within your very first 24 hours of getting started…
You’re led to believe that the system has been built by over 500 developers along with a team of expert strategy traders & that their so-called patented Litecoin Trader algorithm delivers a whopping 99.7% rate of success.
This means that you should allegedly profit on almost every single trade…
However in reality that won’t be the case – instead if you were to sign up to the Litecoin Trader system & try it out (which I don’t recommend you do) you’d likely find out that the software makes nothing but losses.
The reason for that is because Litecoin Trader is nothing but a scam. The whole thing is just a ploy that’s been put together to trick you into depositing with the systems “recommended” broker so that the creator can earn a commission at your expense.
And the reason I can tell you that so confidently right from the off is that I’ve seen this exact scam several times before. Delta Tech, Bitcoin Millionaire Pro & 1K in 1 Day are all examples of this same scam. If you check out the reviews I put together of each of those systems you’ll see that they all promise the exact same things as Litecoin Trader, but sadly none of them deliver.
As I said above, all they’re set out to do is part you with your cash.
But obviously I don’t expect you to just take my word for that – I appreciate that you might have been really hoping that this system would work for you so instead let me show you how it all works so that you can see what’s really going on for yourself…
How Does Litecoin Trader Work?
Well, the simple truth is that Litecoin Trader doesn’t work, at least not as they promise it will anyway. There is NO automated trading system out there that will make consistently profitable trades on your behalf.
I mean come on, if there was really such a simple way to to make so money then the world would be left in crisis as everybody would be walking into work & quitting their jobs left right and centre.
The truth is that yes, the internet provides you with great & legit opportunities to make money but it’s not magical & none of them are going to see you making a ton of cash with little to no effort…
Anything that promises it can help you do that (like the Litecoin Trader system) is likely just trying to scam you. I mean sure – it’s certainly possible to make a full-time income online, but you should know it takes some effort.
So here’s how it really works…
Basically the Litecoin Trader system is just a ploy that’s been put together to trick you into making a deposit with the “recommended” broker. The reason the website has been set up to trick you into doing this is that the creator of the site is affiliated with the broker which means if you deposit, he earns a commission… And it’s a pretty darn big commission too.
The whole thing has been designed to lull you into the false sense of security of thinking that you’ll be able to just “try it out” and that you’ll be able to simply withdraw your funds back out if you find it doesn’t work as promised… But that’s the catch.
Once you’ve deposited your money is pretty much gone for good.
You see the brokers in on the whole thing too – and so when you find it doesn’t work as promised & you submit a request for a withdrawal of your funds you’ll find that your request either gets ignored or just point blank refused.
The only way you could potentially get your money back is by filing a chargeback, but obviously, a much more simple solution is just to not make a deposit in the first place – so if you haven’t done so already, don’t do it.
The guys associated with this thing are just crooks, plain and simple – and all they’re set out to do is part you with your cash. The system should be totally avoided because it really is nothing but bad news.
The Red Flags To Look Out For…
Upon landing on the website for the Litecoin Trader program I immediately noticed a whole bunch of red-flags which screamed out a scam to me, but I appreciate if it’s the first time you’ve come across something like this then you may not be so aware of them. For that reason, I decided to highlight some of the red-flags here to hopefully put you in a better position in the event you happen to come across something like this again in the future.
1. Fake Testimonials
On the website, you’re presented with a whole bunch of testimonials with people seeming to state how grateful they are for the system & how it’s helped them make so much money, but these are all totally fake.
Take a look at the testimonial that was allegedly left by Natalie from Russia below for example:
Natalie isn’t Natalie at all… In fact, we don’t know who she is – the photo has just been taken directly from a stock photo website & on another website, the same lady pictured is known as Stacy G as shown below:
So clearly the testimonials are fake & can’t be trusted…
2. No Contact Details or License Number
The Litecoin Trader system is directly operating within the investment industry, this means that by law they must display both their registered office address & license number prominently on their website.
A legitimate company would never fail to do this because they’d be well aware of how important it is to display them, but surprise surprise the Litecoin Trader system displays nothing…
Would you really want to invest money via a company that you don’t even have any details about? I’d sure hope not! A verifiable identity should be the first thing you check for when landing on a website like the Litecoin Trader… As it is currently we’re left with absolutely no idea as to who actually runs the show.
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3. Method Not Explained
The guys behind these systems always tell you how great their method is but they never actually reveal it to you. Since your profits are reliant upon their method working you should expect them to be honest & upfront about exactly how it works, and if they’re not then they’re likely trying to scam you.
The reason they keep the method a secret is because it doesn’t work at all & they know that if they did explain it to you then you’d likely smell a rat & realize that the system was actually nothing but a phoney.
“We’ve got a secret method for you to make money but you’ve got to hand over your cash first to get access to it“… Typical kind of story that’s associated with the common get-rich-scam.
4. You Don’t Need a Broker!
The Litecoin Trader system pushes you into signing up with a broker to trade cryptocurrency but the truth is you don’t actually need a broker to do this… The only reason they’re trying to get you to sign up with one is so that as mentioned above they can earn a commission at your expense.
You could trade cryptocurrency directly through a wallet provider like CoinBase for example – that way you dodge the fees & the risk associated with using an external broker to manage trades.
Is Litecoin Trader a Scam?
Yes, in my opinion, the Litecoin Trader system is a complete scam & it’s set out purely to part you with your cash. The whole thing is extremely misleading & you’re just fed lies so that the creator can trick you into signing up with his “recommended” broker to earn himself some money at your expense.
If you do happen to sign up to it you’ll just be left to find out the hard way that it doesn’t actually work as promised & instead of making profits, you’ll see it makes nothing other than losses… Then you’ll also realize that the broker will make it next to impossible for you to get your cash back, even if you didn’t trade with it all.
Therefore overall I’m not to be recommending the Litecoin Trader system to you. If you really want to make money online properly then you must be prepared to put in some effort… Thankfully though if you are willing to do that then there are indeed legitimate programs out there like Commission Academy for example which can give you everything you need to get started.
Anyway, hopefully this review gave you the insight you were looking for into how all this works & more importantly I hope it helped you save some cash. If you do happen to have any further questions or comments then don’t hesitate to leave them below & I’ll get back to you as soon as I can.
A Better Alternative
The sad truth is that unfortunately most of the programs promising to help you make money online are scams. I can say that confidently after exposing over 500+ of them here on this blog.
But the good news is that even though most of them are indeed scams, there are actually some very good programs in amongst them - some programs that can truly help you to earn money.
And out of all of the legit programs I've seen, the one I would recommend the most to anybody looking to get started online is Commission Academy. In my own opinion, that's the best place to start.
At Commission Academy, you'll be provided with everything you need (including the training & tools) to begin earning real money by promoting products or services for companies like Amazon online.
The best part is that there's literally no limit on the amount you can earn with it & the process is pretty simple which means that it's absolutely perfect for people that don't have much experience.
Some wealthy affiliates even earn as much as 5-figures per month... Or more!
I mean don't get me wrong, that kind of money won't just fall into your lap without doing any work... But the harder you're willing to work at it, the more you stand to earn with it.
So if you're looking to get started but don't know which route you should go down or which program you should join (and don't want to waste money on bogus things that don't actually work), then I'd highly recommend checking out Commission Academy first. You can learn more about it here.