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An Honest NFT Trader Review in 2022

Last updated 17th May 2022
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NFT Trader is a trading robot that performs automated trades for new cryptocurrency traders. Allegedly, NFT Trader uses machine learning and artificial intelligence to make accurate crypto market predictions and make the best trades on your behalf. Traders can choose from various popular CFD contracts for the value of Bitcoin, Ethereum, and other currencies. This article will cover NFT Trader’s advantages and disadvantages, so you know whether this service is worth your time or not. Check out the full review below for more information.

4/5 Star rating
Easy to use
Great user experience
Highly rated in 2022

What Is NFT Trader?

NFT Trader is yet another trading robot operating in the same way as countless other platforms - offering automated trading opportunities that earn a substantial profit. Traders can either set stop-loss limits and other parameters or trust NFT Trader to make trades according to algorithms and trading signals. NFT Trader is unavailable in any country where CFD trading is prohibited (the USA and Hong Kong). NFT Trader account-holders do not own the underlying asset; they own a contract on the coin’s value.

One of the biggest selling points of NFT Trader is account-holders don’t need much experience to get started. The platform is built for people new to cryptocurrency. While the bot is easy to use, don’t expect to make much money. The homepage promises significant fortunes, but no bots can predict the market. Remember, only deposit funds you can afford to live without.

NFT Trader Overview

🤖 Robot Type:Bitcoin Robot
💸 Minimum Deposit:$250
✅ Is It a Scam or Legit?Legit
🚀 Claimed Win Rate:99.6%
💰 Trading Fees:2% commission on
💰 Account Fees:$0
💰 Deposit/Withdrawal Fees:$0
💰 Software cost:$0
⌛ Withdrawal Timeframe:Under 30 minutes
💱 Supported Cryptocurrencies:BTC, USDT, LTE, XRP, ETH
📊 Leverage:5x
📱 Native Mobile App:No
🖥️ Free Demo Account:Yes
🎧 Customer Support:Contact form
✅ Verification required:KYC
🔁 Automated Trading:Yes
📈 CFD AvailableYes

Pros And Cons Of Using NFT Trader

Pros

Account setup is quick and easy
No trading knowledge or experience is required (though it helps)
Multiple CFD contracts, brokers, and assets to consider
NFT Trader operates in multiple locations
Straightforward user interface

Cons

NFT Trader is unavailable in the USA or Hong Kong
Customer support is unreliable and difficult to contact
The trader homepage makes irresponsible promises

NFT Trader Markets, Assets, And Options

What Assets And Products Can You Trade Using NFT Trader?

NFT Trader has several CFD assets available to trade, all based on cryptocurrency values. As such, users will not own any tokens, just a contract for their value. NFT Trader’s CFD assets include:

  • Bitcoin (BTC)

  • Tether (USDT)

  • Litecoin (LTE)

  • Ripple (XRP)

  • Ethereum (ETH)

Head over to NFT Trader if you want to see a full list of assets.

What Leverage Trading Options Are There?

NFT Trader does not have any leverage trading information on its homepage. Typically, trading robots will offer high-margin trading, allowing users to make more significant profits than they would with their own investments.

Leveraged or margin trading involves brokers giving a loan to traders to place larger trades they can afford; the trader then pays the broker back when they make a profit. Most brokers will offer leveraged trading. However, most unregulated brokers will offer very high leverage options (sometimes as high as 1000:1), which you should not try if you are new to trading.

Before considering leveraged trading, new traders need to develop their trading strategy and understand how the market works. In addition, you should only trade regulated brokers with a proven track record. Leverages may not be as high, but you won’t lose too much money if the market does not go in your favor. If a trading bot promises massive profits through margin trading, they are probably unreliable.

What Are The Spreads?

NFT Trader does not include any spread information on its website. Brokers will offer varying spreads depending on their policy. Keep in mind spreads will fluctuate as the price of Bitcoin, Ethereum, and other cryptocurrencies go up and down.

Fees, Limits, And Payment Options On NFT Trader

How Much Does NFT Trader Cost?

NFT Trader account-holders are required to pay $250 to use the live trading feature. The bot uses the initial deposit to make your first trade. There are no membership or subscription fees. Typically, regulated brokers do not charge fees to start an account on their service. As such, you should remain cautious when using any trading bot or broker that requires such a substantial deposit.

What Are The Payment Methods Accepted By NFT Trader?

NFT Trader accepts various payment methods. These include:

  • Credit card

  • Debit card

  • Bank transfer

NFT Trader does not have additional information about withdrawal and deposit options. Additionally, users may not be able to make payments through Venmo or Paypal.

Withdrawals will be sent to the same bank account used to deposit funds. In addition, some credit card providers may charge additional fees. Deposits can take a couple of days to reach your broker wallet.

Does NFT Trader Also Charge Fees And Commissions?

NFT Trader takes a commission when you make withdrawals, roughly around 2%. However, you do not need to pay any additional fees except the initial deposit when registering your account.

NFT Trader Trade Sizes And Limits

There is no maximum trade limit and a minimum $250 trade limit.

NFT Trader Platform

How Does NFT Trader Work?

NFT Trader uses trading signals and AI to speculate on the cryptocurrency market, promising profits via an automated short-term trading strategy. The platform uses algorithms and APIs to make the best trades according to your parameters. Traders can adjust their stop-loss limit or allow the bot to make trades on its own accord.

NFT Trader uses your initial deposit for your first trade, sending those funds to the broker, before executing a trade for your preferred CFDs. Some partnered brokers could be regulated; most probably will not be (that’s just how trading bots work). Traders may want to use the demo account to get to grips with NFT Trader before risking their money,

What Devices Can I Use NFT Trader On?

NFT Trader is accessible via any web browser. So you can use NFT Trader on any device that connects to a browser (Chrome, Safari, etc.). However, NFT Trader does not have any native mobile or desktop app.

You can log in to NFT Trader on these devices:

  • Computer

  • iOS

  • Android

  • Laptop

  • Tablets

What Exchanges And Brokers Does NFT Trader Partner With?

NFT Trader does not have any information about specific brokers on its homepage. However, we do know NFT Trader partners with many brokers that allow CFD trading. We could not determine whether these brokers follow regulations. You should speak to the broker directly about whether they are regulated before depositing funds into your account. We strongly advise against trading through unregulated brokers.

Can I Use NFT Trader In My Country?

NFT Trader is available in jurisdictions where CFD trading is allowed. These include:

  • UK

  • Germany

  • Spain

  • Italy

Users cannot access NFT Trader in the United States, Hong Kong, or other countries where CFD trading is not allowed.

Is NFT Trader Available In My Language?

NFT Trader is primarily available in English. However, you may be able to access the page in other languages simply by translating the page via your browser.

How Easy Is It To Use NFT Trader?

NFT Trader is easy to use and meant for people with little experience in CFD or leveraged trading. The bot is completely automated, so you won’t need to place any trades yourself; the bot makes all the decisions using algorithms. However, we recommend users set their own stop-loss limits to gain some control over the bot’s trading protocols.

NFT Trader offers a demo account that can be used until you understand how the system, features, and functionality work without losing any real money. Also, NFT Trader has real-time charts so you can keep up to date with the latest crypto market figures.

While NFT Trader is easy to use, traders probably won’t make any profit. These bots are intended for inexperienced users, attracting them with easy trading opportunities, but they never result in substantial earnings. You can adjust parameters so the bot works more towards your trading strategy, but there’s no way to tell if the bot can accurately place those trades. If you want to try CFD trading, choose a regulated broker and do some research first.

Key Features

NFT Trader’s top features include a demo account, automated functionality, and various CFD assets.

Various CFD Assets

NFT Trader has many CFD assets available, including contracts for the values of Bitcoin, Ethereum, Ripple, and Litecoin. Traders can choose one cryptocurrency or trade several controls to diversify their trading portfolio.

Artificial Intelligence And Machine Learning

NFT Trader utilizes automated technology and trading signals to speculate on cryptocurrency prices and execute trades.

Demo Account

As already stated, NFT Trader has a handy demo account, so you can figure out how to place trades and use the charts without losing any money. However, traders can only log in to the demo account once they have paid the initial deposit.

Security And Regulation

Is NFT Trader Legit?

NFT Trader is not as legitimate as some well-known regulated brokers, like eToro.

For one, NFT Trader has lots of dubious information on its homepage, promising potential profits and playing down the risks of crypto trading. Also, some online reviews seem fabricated and less than reliable.

In addition, most regulated services do not charge such a big fee to create an account. This should be a red flag for traders; if the service is asking for money before you can try out its features, you should stay away. Also, we couldn’t verify if the bot places the best trades for you or if the money simply goes to the broker.

Traders can adjust their stop-loss limit to protect their funds, but most will still lose all their investment.

Is NFT Trader Safe?

NFT Trader doesn’t have any info regarding privacy policies, security assurances, or how it stores your information.

Users need to verify their identity and complete the KYC questionnaire with the broker, stopping some fraudulent traders from accessing the system. However, like other trading bots, NFT Trader shares your information with other parties. In addition, some users may struggle to get in touch with customer service if they have any issues.

Am I And My Money Protected?

NFT Trader does not hold your money. Instead, your broker is responsible for your funds. Contact your broker if you want to know more about their financial security.

Is NFT Trader Regulated?

NFT Trader is not regulated in any country.

Do I Have To Verify My Account With NFT Trader?

NFT Trader account-holders need to confirm their identity when signing up for an account to use any NFT Trader features.

Extra Information

Educational Resources

NFT Trader does not offer many educational resources, blogs, or articles. There is very little information about the cryptocurrency industry other than the dubious information on the homepage. If you want to understand crypto trading or discover the latest news, look for dedicated blogs, magazines, and websites.

Tools And Charting

NFT Trader offers numerous trading instruments for CFD and leveraged trading. In addition, users can browse charts so they know the latest values for the most popular cryptocurrencies.

Customer Support

NFT Trader does not have a very good customer support system. Users can contact a representative when setting up their account, but NFT Trader is difficult to contact once the deposit has been paid.

How To Get Started With NFT Trader

Follow these steps to create an NFT Trader account.

  1. Go to NFT Trader’s homepage, complete the sign-up form, and follow the registration link sent to your email.

  2. Wait for an advisor to contact you to complete the KYC questionnaire and take your deposit.

  3. Practice on the demo trading service until you know how to use NFT Trader. Then head to your normal account.

  4. Set your trading parameters and stop-loss limits.

  5. Enable live trading.

Is there a NFT Trader alternative?

Yes, there are many more crypto robots available. If you don't want to use NFT Trader, check out some of our other reviews:

Crypto RobotMinimum DepositRead our review
HaasBot$250Read our HaasBot review
Bitcoin Evolution$250Read our Bitcoin Evolution review
Crypto Genius$250Read our Crypto Genius review

Final Thoughts On NFT Trader

We don’t recommend using NFT Trader if you are serious about CFD trading, whether you are a new or experienced trader. The platform does not seem very legitimate or secure, making false promises about your profit chances. Remember, trading bots cannot guarantee which way the crypto market will move.

In addition, traders may struggle to contact NFT Trader if they have problems with their accounts. Also, traders may be unable to speak to NFT Trader if there is no sign of their withdrawal funds.

We only recommend using regulated brokers with smaller margin options and transparent privacy and security policies.

Danny Maiorca

Danny Maiorca

Danny is a freelance writer specialising in technology and finance. Prior to working for himself, he spent several years working within those sectors in London. Since then, Danny has relocated to Denmark.