Is Bitcoin Compass a Legit Software?
It really depends on which version of the software you are using. There are currently 8 different websites claiming to be the official “Bitcoin Compass”. The only one that actually has an algorithm trading robot on it is: https://the-bitcoincompass.com/.
Was Bitcoin Compass on Dragons Den or Shark Tank?
Did Bill Gates or Ant McPartlin Invest in Bitcoin Compass?
No. The article you read which said they invested in it, is actually fake news.
Will I Make Money Using The Bitcoin Compass Software?
That depends on many variables, and if you read the review below, you will be a bit wiser.
Bitcoin Compass Review
Call it is trading app or a trading platform, Bitcoin Compass is actually CFD trading robot for automated trading.
Do you understand how CFD trading works?
Most new investors have no idea how CFD’s (Contracts for Difference) actually work. You should watch some education videos on CFD trading watch here.
Don’t make a mistake and think that a fancy trading software like Bitcoin Compass will make you thousands of dollars because the fake testimonials on their website. The reality is, that most people deposit $250 into the brokerage account, turn on the software and then…. Either their account balance drops to $0.00 in a few hours, or it fluctuates between $150 and $300 for a few days, before dropping to $0.00.
Fine, so automated trading is risky, and has a high probably of losing money, but you are still interested in the gamble.
Here is the major problem…
You will probably be directed to an unlicensed offshore Forex broker.
Occasionally Bitcoin Compass connects you with a licensed Forex broker, but most of the time, you end up at a broker from Dominica or Marshall Islands. You will get a phone call from a high pressure salesmen, that will try and convince you to invest with them. Most of them will lie to you, and say that they don’t need to be licensed, because they are trading Crypto.
That is again not true, the FCA has warned investors in England about only using a regulated broker for CFD trading. Go check out the regulated broker ForTrade.com.
Can you make money by investing with an unlicensed broker?
No, There are no investors who make money with an unlicensed broker. Only the scam artist running the place gets rich.