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Home Crypto Trading

Botsfolio Review: An Unbiased Crypto Bot Analysis

by Myfxtools
April 19, 2022
in Crypto Trading
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Botsfolio Review: An Unbiased Crypto Bot Analysis
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Botsfolio is a crypto trading bot designed to work with crypto markets and increase our portfolio. The presentation doesn’t have many explanations shared about if the system works stable. We decided to check everything to understand if the robot will be a good option for us.

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How does this crypto bot work?

The system works completely automatically on our exchange. We have to attach it and it will open and close orders from our behalf. 

Getting started with Botsfolio

To get started we have to obtain a copy of the robot. Then, we have to manage proper customizations, so the system will be ready to trade.

Company information

The developers mentioned that there’s a KribX Inc., USA behind this service. Unfortunately, we have no proof that this company really exists.

Features of Botsfolio

For your comfort we separated features about the robot in several parts.

We can start trading easily without experience 

  • The robot is a completely automatic trading solution.
  • We may get started and be profitable with this system without previous trading experience.
  • The default risk management is pretty conservative and we can work with it.
  • We can be profitable without a need for coding our own trading solution.
  • It’s possible to configure default bots to fit our trading style.
  • We may connect the robot to our exchange. 

Automatic trading

  • We can expect that the robot helps us with managing orders.
  • The portfolio can be well-diversified.
  • It is able to work with long and short strategies.
  • It seeks trading opportunities 24/7.

Money-management and security

  • The system includes automatic investment strategies.
  • It doesn’t have access to funds because of API keys.
  • The advisor can’t withdraw our funds.

Trading features

  • To start trading, we have to connect the robot to our account on an exchange.
  • There’s a dashboard to check how everything goes on the market.

Strategies of Haasonline

The advisor performs various strategies: hedge trading (40%), futures trading (10%), fixed income (5%), value investing (45%).

Pricing, fees and commissions

  • We may pick one of the suggested packages. We should pay a 15% performance fee that is charged quarterly for profits. The pricing varies depending on the portfolio value.
  • Portfolio Value $1.0k-$3.0k–$4.75/Month+performance fees.
  • Portfolio Value $3.0k-$10.0k–$9.50/Month+performance fees.
  • Portfolio Value $10.0k-$50.0k–$14.25/Month+performance fees.
  • Portfolio Value $50.0k-$100.0k–$19.00/Month+performance fees.
  • We can pay by ETH, Bitcoin, Bitcoin Cash, and Litecoin.
  • There’s no refund policy applied. All sales are final.

Deposit requirements

We don’t have deposit requirements to follow. The account size can be any.

What exchanges does Botsfolio support?

We can work only through Binance, Coinbase Pro, and FTX.

What languages does Botsfolio support in their product?

The system supports English and Chinese.

Can you really make money with this bot?

We can get 7.95% of ROI, working with this system.

Botsfolio monthly profitability.

We have only this screenshot. It’s a con that it’s inclickable. We can’t be sure those results were obtained and the profits were gained. Even if so, the system didn’t show stable performance. There are four months lost. Also, we don’t know what years the results are from. The devs claimed Top Trades Made: FIL–+600%, ENJ–+181%, XRP–+135%, XLM– +88.58%. 

Advantages of Botsfolio

  • Automatic trading
  • Affordable pricing

Disadvantages of Botsfolio

  • No risk advice given
  • No strategy details revealed
  • No backtest reports or verified trading results provided

Customer support

The developers provide support via email, Twitter, and Facebook.

Who is the Botsfolio suitable for?

Botsfolio’s profile on Trustpilot.

There’s a profile of Botsfolio on Trustpilot deployed. We can find 28 reviews there that formed a 4.0 rate.

Negative user testimonial on Trustpilot.
Negative trader testimonial on Trustpilot.
Negative customer testimonial on Trustpilot.

So, there are various negative comments that the service and robot’s profitability don’t match the price that the developers charge.

Botsfolio summary: is it worth going for it?

Botsfolio is a trading solution that works with the strategies like hedge trading, futures trading, fixed income, and value investing. The presentation includes some explanations but lacks backtest reports and trading results. We have no refund policy provided. The Trustpilot page got many negative comments about the robot performance

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