Amazon Ai Trader Review 2024 - Is it Legit or a Scam?

Our Investigation Result: Amazon Ai Trader is Legitimate!

After thorough research, we found that Amazon Ai Trader is a legitimate cryptocurrency platform. The majority of what is said on its website is confirmable.

You can use the link below if you want to sign up for a free Amazon Ai Trader account, and a customer service rep will connect with you and walk you through the process.

What is Amazon Ai Trader?

Amazon Ai Trader is a crypto trading robot that performs profitable trades using an algorithm, needing only a little action or supervision from users. The best thing about the bot, especially for beginners and people with little time, is that it makes trading a semi-passive venture.

The bot uses complex software to find possibly profitable trades by analysing market data. The data ranges from price data, news, and social media trends to macroeconomic metrics. The best trading bots do this.

After analysing this data, it identifies and informs the user of a possibly profitable trade, which they can then decide to execute.

Who Created Amazon Ai Trader?

We weren’t able to find out who created the bot and there is very little information on the Amazon Ai Trader website on its creators. We assume they have their reasons for maintaining anonymity.

While this might be suspicious, it’s not uncommon for founders in the crypto space to keep their identities hidden. Due to the decentralized nature of the industry, many founders use their code base to persuade people that they are legitimate.

We cannot acquire the code for Amazon Ai Trader, unfortunately, but there are alternative ways to ascertain its credibility without knowing its founders. Continue with us to find out how.

How Does Amazon Ai Trader Work?

Amazon Ai Trader uses a trading system based on advanced AI and software that collects and analyses market data for the crypto it offers.

It relies on historical and live price data, volume data, and sentiment data. It also considers external data, such as news events that may directly or indirectly affect price and macroeconomic data like inflation.

The bot processes this data and their respective effects on the price of a cryptocurrency and saves the results. This practice is common among the best crypto trading robots. The bot compares this data with historical data to identify patterns and trends in the market over time, and the likelihood of their reoccurrence in different market conditions.

This is then used to make predictions on the live market, which are expected to be correct based on historical data. It also considers specific market conditions that are likely to affect prices in certain ways.

The bot notifies its users of these forecasts so they can decide if they want to execute the trade or not. On the other hand, users can completely automate the process using the automated trading mode that allows the bot to execute high-success probability trades without needing confirmation from users.

Amazon Ai Trader uses Contracts for Differences (CFDs), which are financial derivatives that take the price of an asset, for trading, rather than owning the underlying asset.

For example, BTC/USD, CFD will copy the price movements of Bitcoin against the US dollar. With the use of these instruments, the bot can make trades in both bullish and bearish market circumstances, allowing traders to profit.

Most bot trading uses CFDs, and we will discuss them in further detail in another section of this guide. They offer many advantages and are a good way to trade, but you don’t actually own the underlying crypto when you trade CFDs.

Amazon Ai Trader is not an exchange itself, and does not keep user funds, but works with a third-party broker to execute trades for users. The brokers it uses are typically well established, have great records of service delivery, and are regulated by internationally acknowledged bodies like the Cyprus Securities and Exchange Commission (CySEC).

Amazon Ai Trader Key Features

Demo Account

Demo accounts are made available by Amazon Ai Trader to traders so they can practice trading without risk. Although it is a simulation, it copies real market conditions, and uses real market data, allowing users to experience trading without risking real capital.

It is also called paper trading, and users can use it to make, experiment, and fine-tune their trading strategy. More experienced users can use it to create more advanced and productive strategies, test out other metrics, and familiarise themselves with complex tools.

Beginners can use the demo account to learn discipline, and patience, and develop a skill for noticing changing and continuing market trends.

Customer Support

There is a standby customer support team on Amazon Ai Trader that is always available throughout the week to assist users and answer any questions they may have. You can even reach them on weekends. You can access customer support by email, or by filling out a form on the website.

You can access Amazon Ai Trader’s customer service even if you don’t have an account, but you need one to get in touch with the main support team, or if you want priority treatment.

Success Rate

The platform claims that 85% of the time, it executes successful trades. These claims can’t be confirmed from our end since it depends on the algorithm’s accuracy and several other features which we can only evaluate through trial.

While we don’t think the bot is 85% accurate, we can confirm, from tests, that it is accurate enough to be profitable in the mid to long-term. How profitable it is will depend on your trading strategy and market conditions.

Multi-Currency Support

Multiple crypto and fiat currencies are offered on Amazon Ai Trader. It trades over 14 cryptocurrencies, such as major cryptos like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), DASH, Cardano (ADA), Litecoin (LTC), Binance Coin (BNB), and NEO.

It also supports many fiat currencies. You can make deposits on the platform in USD, GBP, EUR, and JPY. Deposits can be made using wire transfers, credit cards like Mastercard and VISA, and electronic wallets like Neteller and Skrill.

Zero Fee Structure

There are no fees charged for using Amazon Ai Trader. You do not pay deposit or withdrawal fees, account opening fees, or software usage fees. You can deposit without charges, but there is a $250 minimum deposit.

Verification System

You will get a call on the phone number you entered as soon as you click “NEXT” while registering for a Amazon Ai Trader account. The customer service agent on the call will ask you some questions related to the details you supplied during registration.

This is likely done to confirm the authenticity of the information provided and to verify that you are a real person looking for Bitcoin trading opportunities. You will be handed over to the affiliated broker, and you will need to provide some other details including banking information.

This is to facilitate the movement of funds between your bank account and your Amazon Ai Trader account, and the broker will take at least 24 hours to confirm this information.

The Withdrawal Process for Amazon Ai Trader

Withdrawals on Amazon Ai Trader are fast and convenient according to many reviews. You can request to withdraw funds whenever you like, and to whatever amount, by filling out a form. There are no limits on withdrawals on Amazon Ai Trader, as long as the funds are in your account.

Due to AML regulations, certain amounts of money cannot be moved, so you may want to confirm with your payment provider before you attempt to do so. After withdrawing funds from your Amazon Ai Trader account, they should arrive shortly, although processing times may vary across payment providers.

Affiliated Brokers

The Amazon Ai Trader software is supported by many international brokers. Brokers act as the intermediary between the trader and the bitcoin market. When your account is created, the website instantly updates to the linked broker’s trading platform.

On the Amazon Ai Trader app, you will be matched to the most appropriate broker and trading platform which you can access within the app by an algorithm. If you are accessing the platform on the web, you will simply be redirected to the broker’s trading platform.

Amazon Ai Trader’s software is integrated into the trading platform and can be used by selecting “ON” or “OFF”.

How We Rated Amazon Ai Trader Across Several Performance Categories

Before you start using the bot, you need to know if its functions and features are right for you. We assessed the bot in several categories relevant to day-to-day use and here’s what we found.

Withdrawals: 4/5

Making withdrawals on Amazon Ai Trader is fast and easy. Typically, withdrawals are processed within 24 hours. This beats many other platforms that can take days to process.

In our experience, the withdrawal process took around 18 hours. We were required to complete some Know Your Customer (KYC) steps for our first withdrawal, but we believe subsequent ones will not need this. In our case, to complete KYC, we had to take a photo of our ID and the current date written on a sheet of paper.

Customer Service: 4/5

Amazon Ai Trader’s customer service is sufficient, as its expert team is always waiting to address any issues users have. We reached out to their customer support to test the service. We got in contact with a customer care agent within a few hours, and they addressed our concerns.

However, we did have to give this a 4/5 because of the limited support channels. Many other platforms have phone, email, and chat support, while Amazon Ai Trader only offers email and online form support. Email support is also unavailable if you don’t have an account with Amazon Ai Trader.

Verification: 5/5

There is a simple verification process on Amazon Ai Trader. It only asks for the information it needs, and authentication and processing are done using a secure service.

In our experience, registration was convenient and took very little time. The whole verification process should take around 20 minutes if you have all the documents readily available.

Security: 5/5

The security on Amazon Ai Trader is high class. Everything on the platform is encrypted with SSL technology, comparable to industry standards, and several network firewalls protect user data.

Deposits & Withdrawals: 5/5

Both deposits and withdrawals on Amazon Ai Trader are free. You can make deposits in USD, GBP, EUR, and JPY using wire transfers, credit cards, electronic wallets, and cryptos like Bitcoin.

Note that for the first deposit, there is a $250 minimum deposit requirement or an equal amount in other accepted currencies. We couldn’t access the live trading account until we made the initial deposit.

Profitability: 4/5

The platform insists it executes profitable trades up to 85% of the time. We do not think this figure is correct, but we also do not think it negatively affects the overall or long-term profitability of Amazon Ai Trader.

We observed a few inaccurate trades while using the bot, but most trades are accurate. Also, you can lessen this by employing a strong risk management policy. We will provide more detail on this in a subsequent section.

All things considered, Amazon Ai Trader is a profitable long-term autotrader.

User Testimonials: 4/5

Most online reviews for Amazon Ai Trader described it in a positive light. There were complaints about the availability of customer service channels (which we have touched on), but the majority of users thought the bot improved the profitability of their trading.

Affiliated Brokers: 5/5

Amazon Ai Trader’s choice of brokers are well-established in the space, and CySEC regulated. They are responsible for storing funds and performing trade instructions sent by the bot.

Some brokers charge fees, so you may want to find out the deposit and withdrawal methods of each crypto broker before selecting the most fitting for your needs.

On-Site Resources: 2/5

There aren’t a lot of learning materials or instructional videos provided by Amazon Ai Trader to help users understand the bot. More often, users have to consult third-party tutorials to understand how to use some parts of the bot.

How Does Amazon Ai Trader Compare to Other Automated Cryptocurrency Traders?

Deciding on a crypto bot should be based on what you want from a particular trading software. To help you make the decision, these are a few auto-traders you can compare against Amazon Ai Trader.

• Bitcoin 360 AI is an excellent tool if you are looking to auto-trade forex and crypto.

• Immediate Edge is a good option for users in remote areas who want to trade crypto CFDs.

• Bit Index AI executes trades using AI technology and machine learning.

• Ethereum Code deals only with Ethereum and ERC 29 tokens

Is Amazon Ai Trader a Legitimate Autotrader?

To answer this question, we consider metrics like customer service, longevity, affiliates, and online testimonials

Customer Service

There is a constantly available customer support team maintained by Amazon Ai Trader to assist users with setting up their accounts and any other help they may need. Usually, only legit platforms can maintain such active customer service, unlike crypto scams, because of how resource-intensive it is.

Affiliations

Amazon Ai Trader works with many internationally regulated brokers to provide services to users. These brokers are of good reputation, well established and conduct checks to make sure they don’t work with scams.

User Testimonials

In evaluating this, we prioritized independent third-party reviews instead of those on the Amazon Ai Trader website. This is because we believe testimonials are a good way to get a clear picture of a company’s services. The majority of reviews from people who learned to use the tool were good.

Is Amazon Ai Trader Safe?

Our two metrics for assessing safety are technological safety and financial safety.

In terms of financial safety, users’ funds are not kept on Amazon Ai Trader’s servers, making it quite safe. Established, trusted, and regulated brokers instead keep the funds in their secure networks.

As regards technological safety, Amazon Ai Trader is significantly safe. It uses many network firewalls and high-quality SSL encryption. We did not encounter any reports of breaches of the network or platform.

5 Reasons to Use Amazon Ai Trader for Trading

High Profitability

The platform is very profitable. It claims that its bot is accurate 85% of the time, thanks to highly advanced software, and is profitable long-term. Using the automated mode, you can choose a strategy and bring in profits as long as market conditions are fairly consistent.

If there are changes in market conditions, you may need to review and adjust your strategy and risk management and continue auto trading.

Automated Capabilities

Cryptocurrencies trade 24/7, and so can Amazon Ai Trader, earning profits fit users round-the-clock. You can also use its automated mode to set stop loss and take profit parameters across multiple trades, allowing it to monitor and execute many trades simultaneously.

You could, hypothetically, give the bot instructions and leave it without checking in for many days, but this is not recommended.

Low Fees

The platform does not charge any fees, making it less expensive to trade. Unlike many other trading bots which charge commission, trading, and deposit and withdrawal fees, the fees on Amazon Ai Trader are very small.

It does charge a small commission on profits when they exceed a specified level, but these are usually small. Trading and building wealth with the platform comes at little cost.

Simple UI

What Amazon Ai Trader lacks in educational resources, it makes up for with its simple and beginner-friendly interface. It uses organized sections that are easy to access, descriptive icons, and a simple dashboard design.

We went in blind, without any tutorials and guides, and we were able to navigate and use the bot well. We believe beginners should also find it easy to use as well.

Rich Features

There are several tools and features for traders regardless of their level of expertise. For beginners, the automated mode, simple indicators, and simple strategies can be used.

If you have a little more experience, you can use more advanced strategies and more precise indicators. For more advanced traders, you can even modify how the bot works to use any number of indicators to implement complex strategies.

Best Way to Trade with Amazon Ai Trader

There is no perfect way to trade with Amazon Ai Trader. Your trading style is based on your experience and skill. Beginners may try out the demo mode first, and then use the automated mode after they have gotten familiar with the fundamentals of trading.

In some cases, new traders stop using the demo mode after they start trading on a live account. As a trader, it is important to constantly improve your skills, and experiment with new ideas and trading strategies. The demo account allows you to do all of this without risking your funds.

Experienced traders can manoeuvre trading bots. The demo account can still be valuable to them in learning how to program the bot to do more than the normal capabilities of the automatic mode.

Has Amazon Ai Trader Ever Appeared on TV?

According to multiple rumours on the internet, Amazon Ai Trader has been featured on many TV shows. We investigated to find out how true these claims were. Here’s what we found.

Dragons’ Den

British TV show, Dragon’s Den, features a panel of business magnates, and entrepreneurs making pitches to the panel. The aspiring entrepreneurs deliver an overview of their business ideas to the panellists in the hope of securing funding and support. If the panellists are impressed by the pitch, they finance the idea.

Many businesses and business ideas have been featured on the many episodes of the show, but Amazon Ai Trader is not one of them.

Shark Tank

Produced by ABC, Shark Tank operates with the same content and style as Dragon’s Den and is often described as the US version of the British show. The internet was filled with rumours that Amazon Ai Trader was featured on the show, but our research found no evidence that supports this claim.

Has Amazon Ai Trader Ever Been Endorsed by a Celebrity?

Trading bots, especially popular ones, typically have rumours of endorsements and affiliations with celebrities. Amazon Ai Trader was no different, and we got to confirming their veracity.

Richard Branson

Richard Branson is the founder of the Virgin Group, which includes Virgin Atlantic and Virgin Galactic Airlines. While he has vocally advocated for cryptocurrencies like Bitcoin, we found that he had no connection to Amazon Ai Trader.

Elon Musk

The CEO of Tesla, and X (formerly Twitter), Elon Musk has been an active player in the crypto space, especially with Dogecoin. His support for cryptos is public knowledge, even accepting cryptocurrencies on the Tesla merchandise store. We did not find any links between Elon Musk and Amazon Ai Trader after our research.

Mark Cuban

Mark Cuban is a panellist on the aforementioned US TV show, Shark Tank, and a billionaire. He has some links to the crypto space and is connected to many crypto businesses. He has been featured on many TV shows to talk about cryptos, but appears to have no connection to Amazon Ai Trader, nor has he endorsed it.

5 Tips for Using Amazon Ai Trader and Managing Risk

Trade Responsibly

This involves several things. The first is to only use capital you can afford to lose. While Amazon Ai Trader claims to be 85% accurate, it is still possible to lose money trading. Investing without discipline, and dumping important funds onto the platform could lead to financial ruin because even highly accurate bots can be wrong.

Another thing to do is to start small. You should start with the $250 minimum deposit. You should only bring on more capital after you have found that you can grow your initial capital consistently. You may not even need to bring on more capital.

The last element of trading responsibly is giving up the attitude of a gambler and assuming one of an organised learner. You will lose your money to the market, just as in a casino, if you regard the market as a place where you must choose the best “game” or currency pair to trade and “win big.”

Check Your Strategy Regularly

With automated systems, there is the temptation to just let the bot run and do all the work. However, since crypto market conditions can fluctuate wildly, it is important to adjust your strategy to match these changes. All the automated mode does is implement your strategy, and it can’t do anything where the strategy no longer works for the market.

Check on your strategy from time-to-time to ensure it is still profitable within the market conditions. You could check in once a week or for a couple of minutes every day.

Stay Current

Crypto market crashes may occur at any time, at least according to historical price data. Market crashes can empty your trading accounts when the market falls rapidly. If you use a weekly check-in, you may need to be on alert to react quickly and make changes, as a major market event before your check-in time could interfere with your trading plan.

The important thing is to follow the right channels and accounts to stay updated on all the recent happenings. We do not currently have a list of recommended channels, but a quick Google search should produce good options.

Learn About Cryptocurrency

This goes beyond knowing what a blockchain is or finding out tokenomics. You also need to learn about crypto market cycles and how they relate to economic market cycles if you want to be a profitable trader.

You don’t particularly need to know too much complicated information, since the bot is meant to make trading easier. Right now, crypto moves in 4-year cycles, 2 bullish market years, and 2 bearish market years. Knowing which year you’re in can help you plan better.

Always Use a Stop Loss

Trading with Crypto CFDs is different from trading coins where you can simply hold them regardless of how low the price falls. Instead, depending on the direction of your trade, you can lose your capital if the price falls too low or rises too high.

Coins allow you to make a profit even with extreme price rises, but with trading CFDs, after the piece hits your liquidation level, you lose your money and do not profit from subsequent rises.

It is important to always use a stop loss level at which point the bot will close your trade if your position starts to incur losses.

How to Use Amazon Ai Trader: A Step-by-Step Guide

To begin using Amazon Ai Trader:

1. Register for a Amazon Ai Trader Trading Account

An email address and a phone number in a supported country are needed to register for an account. Supply the information requested on the sign-up form on the website, and wait for a verification link which will be sent in an email. The second step will require a government-issued ID and a utility bill so you should have them handy.

2. Complete the Registration

Click on the verification link and complete the registration by following the instructions. At this stage, you will need to submit the ID and utility bill. A list of brokers available in your region will be displayed for your selection. After you select one, you will need to sign up with them by completing a similar process.

3. Choose a Trading Strategy

Craft your trading strategy, and select entry, exit, and stop loss levels. You can also try out using indicators but those three are the core metrics.

4. Practice Using the Demo Account

Test your strategy in the demo mode to ensure it works. Although you may be required to make an initial deposit to access the demo account, it doesn’t require actual capital to start.

5. Make a Deposit

Now, you can fund your account. There is a minimum deposit of $250. You should find out the broker’s deposit options and limits to know what payment channels are available to you.

6. Set Up Automatic Trading

After setting up the parameters in step 3, you can turn on automated trading and leave it to the bot.

The entry and exit points are simply the prices at which you start and end the transaction, respectively. However, if your trade doesn’t succeed, the bot will liquidate your position at the stop loss, which is a price point below the entry level for buy trades.

Stop-loss is a risk management strategy that is based on how much money you are willing to put at risk with each trade. As a general guideline, you should never risk more than 3% of the value of your whole account on a single deal. Accordingly, you want to set your stop loss at a price where the potential loss is less than 3% of the overall value of your trading account.

Amazon Ai Trader Assets, Market, and Options

What Assets Can You Trade Using Amazon Ai Trader?

You can trade over 14 cryptos on Amazon Ai Trader, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), and trades using CFDs.

With CFDs, the party with the right prediction receives the difference between the opening price and closing price of the contract. CFDs allow traders to enter trades in both directions. That is, they can long (predict that the market will rise) or short (predict that the market will fall).

As an illustration, if you start a $250 long trade in Bitcoin at $16,000 and it increases to $23,000, you profit $109.37. However, you lose $31.25 if BTC drops to $14,000.

Amazon Ai Trader provides many trading pairings by joining cryptocurrencies with fiat money using these CFDs, such as BTCUSD.

What Leverage Options Are There with Amazon Ai Trader?

Leverage options up to 1,000x, or 1,000:1, are provided by Amazon Ai Trader. This is fairly high and is prohibited in certain countries, including the US. When employing large leverage, we encourage traders to act with extreme caution.

Use the smallest lot size possible when starting using leverage, which is a micro lot (1,000 units), or nano lots (100 units) where they are offered.

Due to the reduced value they carry for each pip change, these smaller sizes will assist in reducing volatility. This will prevent capital loss due to volatility spikes.

What Are the Spreads on Amazon Ai Trader?

Although Amazon Ai Trader does not specify spreads, we believe its affiliated brokers will add spreads, and you should check to see these before picking a broker.

Our Overall Verdict on Amazon Ai Trader

As a well-rounded, feature-rich automated trading bot, Amazon Ai Trader is intended to make cryptocurrency trading simpler for newcomers and more effective for seasoned traders.

With the automated trading platform’s stated high success rate, free trading, and simple and rapid withdrawals, anybody may start making a respectable income. The bot also takes payments in four major currencies including USD, GBP, EUR, and JPY via wire transfers, credit cards, and electronic wallets.

Always utilize a stop loss to control risk when trading, and regularly practice with a trial account to learn and improve your trading technique.

Sign up on the website to start trading with Amazon Ai Trader now.

Review Methodology

We evaluate crypto robots by compiling diverse tests, reviews, and testimonials from throughout the web, enabling us to present you with a fair analysis that takes into account all available information. To understand our process, browse through our Why Trust Us and How We Test pages.

We are mindful that there are several fake testimonials on the internet; and that several trading robots currently available are actually frauds. Keeping this in mind, in our assessment of Amazon Ai Trader, we compare data from several online sources.