A Comprehensive Review of Crypto Engine – Is It Legit?

Crypto Engine tags itself as the “perfect launchpad in cryptocurrency trading” because the platform offers a plethora of services designed to make cryptocurrency trading easier. Through the robust software and trading bots, cryptocurrency enthusiasts can now leverage a viable trading opportunity offered by this robot.

Crypto Engine makes a great partner for cryptocurrency trades. With the absence of human interference, trades can be executed in real-time. This creates more opportunity to accumulate crypto coins because you don’t need to find the time to follow crypto trends and make accurate trading decisions quickly.

This is a comprehensive Crypto Engine review that explains everything you need to know about this cryptocurrency trading software.

What is Crypto Engine?

Crypto Engine is a cryptocurrency trading software designed for beginners. The team behind this software understands that thousands of crypto enthusiasts can’t place their first trades because they are not certain of the direction of the market. Crypto enthusiasts are also often unsure of the trading tools available for use and need assistance with how to use those tools.

Thus, Crypto Engine was conceptualized to bridge the gap by providing a beginner-friendly interface that makes cryptocurrency trading easier. Through this software, you can trade a wide range of cryptocurrencies. The intuitiveness of the software also makes it ideal for the amateur and experienced user to find important information with ease.

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Pros & Cons

Pros

  • A variety of crypto-assets to choose from
  • Zero commissions
  • Partnerships with trusted brokers
  • Support for other assets, including commodities and FOREX
  • Offers several security features

Cons

  • Questionable marketing methods
  • Doesn’t support mobile app trading

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Crypto Engine markets, asset, and options

What assets and products can you trade using Crypto Engine?

Crypto Engine primarily supports the automation of cryptocurrency trades. This includes BitCoin, Ethereum, Monero, and Bitcoin Gold.

With this software, you can also trade on different Foreign Exchange (FOREX) pairs. This also includes the support for commodities trading. Some of the supported commodities are oil, gold, and silver.

What leverage trading options are there?

There is no available information on the Crypto Engine’s website about the availability of leveraging trading services.

However, some external information claims that leverage trading is offered by some of the brokers that partner with Crypto Engine. In this case, the leverage options can be as high as 1:5000.

It is important to remember here that the cryptocurrency market is volatile. Trading with leverage as high as the ones offered by Crypto Engine’s partnered brokers could be a warning sign. With such high leverage, you stand a chance of being liquidated even with the most minimal market changes. 

What are the Spreads?

Crypto Engine mentions in its FAQs page that fees applicable to spreads will be charged. This will be charged both on the Buy and Sell orders.

These fees are charged by the brokers and are relatively low.

Fees, limits, and payment options on Crypto Engine

How much does Crypto Engine cost?

Crypto Engine specifically mentions that it doesn’t charge anything to allow users to take advantage of their proprietary cryptocurrency trading software.

After signing up, you do have to make an initial minimum deposit of $250 to start trading automatically. The funds are entirely in your control because Crypto Engine doesn’t have access to them.

What are the payment methods accepted by Crypto Engine?

The software offers a wide selection of payment options for you to choose from.

The primary payment methods supported by the software are debit cards, credit cards, and bank transfers. The software is yet to start accepting cryptocurrency payments because its partnered brokers are yet to allow that.

Thus, you can add money to your Crypto Engine trading account via Euros (EUR) and Pounds (POUND).

Payments can also be made via electronic transfers, including Skrill, Neteller, and WebMoney.

Does Crypto Engine also charge fees and commissions?

Crypto Engine doesn’t charge additional fees, including commissions. If you are to pay any fees or commissions, it has to be with the brokers because those fees are used to facilitate your trades.

Crypto Engine trade sizes and limits

Crypto Engine places a limit on the minimum amount to deposit into your trading account (which is $250).

However, there are no limits to how much you can deposit or how many trades you can execute at a time.

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Crypto Engine’s Platform

How does Crypto Engine work?

Crypto Engine is a virtual cryptocurrency trading intermediary. The intermediary influence allows you to automate trades, therefore hedging losses and making more profits from the market.

The inclusion of advanced Artificial Intelligence (AI) also improves the functionalities of Crypto Engine. You can leverage this software to understand what are otherwise complex trading conditions. With this software, you can work to master the execution of trade orders, scalping techniques, and market rate.

Crypto Engine has also made important collaborations that bolster the automation of trades. For example, external sources claim that Crypto Engine has collaborated with several cryptocurrency trading robots that offer Contract for Differences (CFDs) trading on different crypto-assets.

You also have access to a Live TV section in this software to get the latest information in the market as well as a news section accessible from your dashboard for real-time market updates.

The detection of potential crypto market opportunities might not always be easy for traders. But with the Crypto Engine software, it can be one hassle-free process. A couple of strategies are already in place to make that possible. The first is the use of the High-Frequency Trading (HFT) technique. This trading strategy is mostly used by the software to detect smaller price changes in the market. Once these changes are found, the software will immediately execute the openings and closings to make the trades.

The second strategy is the use of an API. Crypto Engine combines a wide range of technologies, including Machine Learning and advanced Artificial Intelligence (AI), to find potential trading opportunities in the crypto market. Once these trading signals are developed, Crypto Engine will immediately pass along the signals to the partnered brokers via an API. It is through this API route that the brokers will execute the trades.

What devices can I use Crypto Engine on?

One of the disadvantages of using Crypto Engine is that it doesn’t have a mobile application currently.

Despite that shortcoming, Crypto Engine’s software has been optimized for mobile users. What this means is that you can now use your mobile device browsers to access the Crypto Engine website in real-time.

What exchanges and brokers does Crypto Engine partner with?

The brokers partnering with Crypto Engine aren’t mentioned specifically on the software’s website. Insiders have claimed that these brokers are some of the most highly regarded in the market. Suggestions have been made that EuropeFX and UFX are two of the brokers partnered with Crypto Engine.

Can I use Crypto Engine in my country?

Crypto Engine is unavailable in some countries. Prospective users should check regulatory policies in their respective countries. This is to prevent getting in to trouble with the authorities, especially where cryptocurrency transactions are not permitted.

Is Crypto Engine available in my language?

Crypto Engine does not mention languages other than English on their website. Since the content of the website is written in English, it is safe to assume that the English language is the one supported language.

How easy is to use Crypto Engine?

Crypto Engine automates everything about cryptocurrency trading, from finding the best trading entries to executing the orders.

This software passes the trading signals via an API to the partnered brokers. Since this is in place, you don’t necessarily need to monitor your transactions closely because the entire process is streamlined.

In addition to giving you direct access to the top brokers, Crypto Engine also ensures that you are given access to the latest trading technologies. You can automate trades and set parameters and rules.

Key features

Crypto Engine provides  tailor-made trading services by connecting you with some of the top-class brokers in the world.

These are many other important features of this software and these include:

Access to the best brokers

Dealing with the best brokers will help you to maximize your profits. Crypto Engine ensures this by not only connecting you with the best brokers in the world, but also running a background check on these brokers to be certain that they provide liquidity, speed, maximum security, and low trading fees.

Multiple cryptocurrencies to choose from

Crypto Engine offers you a wide range of cryptocurrencies to choose from. The options include but are not limited to Bitcoin, Lisk, Ethereum, Bitcoin Gold, and ZCash.

Maximum support

There is a one-on-one support call with Crypto Engine that helps you gain more insights into the software. There is also additional support from the customer service department.

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Security & regulations

Is Crypto Engine legit?

Crypto Engine has been around for years. During this time, there has not been much negative feedback, which points to the fact that the software works as it claims to.

Is Crypto Engine safe?

The safety of users is taken very seriously. To prove this, Crypto Engine activates several security parameters, including the encryption of official communications and passwords. The software also partners with some of the most secured brokers in the market.

Is my money protected? Am I protected?

Crypto Engine ensures that its partnered brokers are committed to protecting your information and your investment. 

Is Crypto Engine regulated?

There is no information on Crypto Engine’s website pointing to the regulation of the software. However, one of the Unique Selling Points (USPs) of automating your crypto trades with Crypto Engine is the fact that the software is partnering with most regulated brokers.

Crypto Engine takes users’ privacy and security seriously. Thus, the use of regulated brokers helps to fill that need.

Do I have to verify my account with Crypto Engine?

Yes, account verification is mandatory. The verification procedures include, but are not limited to, providing proof of residence and verifying your identity by uploading the required documents.

Extra information

Educational resources

There are a wide range of educational material or resources on the Crypto Engine’s website. This includes tricks and tips and how-to guides.

Tools and charting

Crypto Engine offers tools and other charting functionality. The provision of all sorts of trading features is done to help you gain more powerful insights that will help you when you want to trade solo.

Customer support

The customer service department of Crypto Engine is available 24/7 to attend to your trading needs. If the queries are complex, customer support can consider setting up a one-on-one call to help.

How to get started with Crypto Engine

  • Create an Account: Sign up for an account using your name, country of residence, and telephone number.
  • Fund Your Account: You can now make the initial deposit of $250 via the payment channel provided by your preferred broker.
  • Begin Trading: You can now use the existing robots to automate your trades.

Conclusion

Crypto Engine is one of the longest standing crypto trading bots you can find out there.

The non-regulation aside, Crypto Engine finds profitable cryptocurrency trading opportunities that will yield higher profits in a short time.