This Crypto Engin Review will tell you everything you need to know about the Crypto Engine website. Based on our comprehensive Crypto Engine review, the app is 100% legit and definitely worth your time.
Many trading-related platforms and software have run amok throughout the years, leading to increasingly more complicated ways of entering the financial markets of 2022. With the onslaught of trading platforms, newbie traders and even experienced market participants may find it hard to start trading as they would have to wade through many prospects. This is where the Crypto Engine App comes in.
Crypto Engine App Explained | Is It a Broker?
First things first! The Crypto Engine platform is NOT a broker.
This is a common misconception that must be debunked before the article progresses. Crypto Engine is merely a platform that connects its users with its partner brokers.
The brokers, in turn, are the ones that offer trading services through a wide variety of features. Essentially, Crypto Engine features an extensive pool of partner brokers, most of which can more than provide for the trading needs of its users. It is your gateway to the crypto market.
How Does Crypto Engine Work?
The Crypto Engine platform’s business model is very straightforward. In order to use Crypto Engine, you only need to create a Crypto Engine Account. Once the registration process is done, you would then be connected to Crypto Engine’s partner brokers, depending on your location and trading preferences.
Based on our Crypto Engine review, the website’s registration process is very quick! You would only need to follow these three simple steps to create an account and start trading.
You would first need to sign up and provide all the necessary details to create a Crypto Engine account. This includes your name, address, birth date, and more. Crypto Engine claims that this information is kept confidential and will only be shared with its pool of brokers.
After a few minutes, and once the account is created, you would then need to fund your account. This is one of the many things we liked about Crypto Engine when we conducted our extensive review. The minimum deposit is just $250 for many of its partner brokers. This is relatively lower compared to other platforms that require hefty amounts. You can then use this minimum deposit to buy or sell crypto assets.
A Crypto Engine customer can deposit his or her funds through debit cards, credit cards, e-wallets, or wire transfers through a local bank account.
- Start trading
Once your account is created and funded, you’ll be free to utilise the many services and features of Crypto Engine’s pool of brokers.
Crypto Engine | Key Features
Here are some of the most useful trading platform services offered by Crypto Engine’s partner brokers that we found during our Crypto Engine review:
The brokers included in Crypto Engine’s pool have a demo trading platform that newbie traders will find very helpful. If you just started out in the crypto market and are not that adept at understanding trading signals just yet, you can opt to create a demo account first. A demo account allows you to trade virtual money instead of your actual capital.
This eliminates the beginner’s fear of trading the most volatile financial assets in the world. If you do not want to participate immediately in a trading session using your hard-earned money, you can practice trading through a demo account. It would give you a sense of how crypto trading works without immediately risking your capital.
Automated Trading Services
While a demo account is best for the typical newbie trader, an experienced trader may find more utility in automated trading.
Crypto Engine’s brokers also have an automated trading platform that eliminates the need for 24/7 manual trading. The auto trading feature makes use of a trading robot that can do the buying and selling for you. You would not have to consistently monitor market trends.
Note, however, that the trading bot offered is not 100% automated. In order for the trading bots to function efficiently, users would first need to set up their trading preferences, trading settings, entry and exit points, and buy/sell signals.
This is why crypto bots should only be used by an experienced trader. Automated trading requires a certain level of skill and familiarity with the market.
This feature offered by some of Crypto Engine’s brokers can be used by both newbie and experienced traders. Through copy trading, Crypto Engine users can bypass having to make complex trading decisions and just opt to copy the public portfolios of other more established traders.
Honourable Mention: 24/7 Crypto Engine Customer Support
While this is not a trading service in itself, the 24/7 customer support Crypto Engine’s partners offer is outstanding. In fact, it is what we liked the most about the website when we conducted our Crypto Engine review.
Based on the website, Crypto Engine’s partners offer 24/7 customer support–which, to be honest, we don’t really see the need for considering the platform is very straightforward and user-friendly.
Answering Your Frequently Asked Questions
Will I Earn Money Through Crypto Engine?
The short and simple answer is: DEPENDS. You can potentially earn money through Crypto Engine’s reputable pool of brokers should you luck out with your live trading sessions. That said, the market is volatile and you risk losing your investment. Always consult a professional before you get started.
Is Crypto Engine Beginner-Friendly?
Yes, with its easy-to-use interface, Crypto Engine is perfect for beginners. However, remember that beginners should never invest more than they can lose to prevent major financial losses. Carry on due diligence!
Is Crypto Engine Safe?
Based on our review of the site, Crypto Engine is 100% safe and legitimate. Firstly, the sign-up process was quick and did not have any hidden fees or charges. We were fully satisfied with how fast we were able to create an account. Secondly, the brokers partnered with Crypto Engine are reputable. Crypto Engine claims that its brokers have submitted all the necessary regulatory assurances. Yet, we recommend double-checking if their services are regulated in your country. As stated on the Crypto Engine site, the FCA has banned the promotion of crypto CFDs addressed to UK traders, as per PS 20/10.
The safety and stability of your funds, however, are out of Crypto Engine’s coverage. Whether or not your initial investment will be kept safe depends on how profitable your trading is. This is why you should make use of Crypto Engine’s brokers’ extensive features to hone your trading system in such a way that would grow your funds in the long run.
Do Celebrities Use Crypto Engine?
We have found no proof of celebs using the platform. Crypto Engine claims nothing of the sort, although many celebrities and famous personalities are very vocal about their investments in the crypto market.
The Crypto Engine app is, based on our review, 100% legitimate. It is not a scam. On top of that, we found several key features offered by its brokers that prove to be very useful for newbie and experienced traders alike. These include, but not limited to, the following:
- Automated Trading
- Demo Account Trading
- Copy Trading
In the end, while crypto trading remains tricky, Crypto Engine can be your perfect starting point in the investment sector.
Nothing written in this Crypto Engine Review article should be considered investment advice. Your investment decisions should be based on your own trading strategies and in-depth price analysis. Before participating in live trading sessions, you should first conduct your own research.
The cryptocurrency market is very volatile, so profitable trades are never ensured. There is a significantly high risk involved in trading crypto assets. Therefore, you should only invest an amount that you can afford to lose. There is always a chance that your entire capital could get wiped out, so carry on due diligence!