Altrix Edge Review 2024 - Is it Legit or a Scam?

Our Investigation Result: Altrix Edge is Legit!

Having undertaken extensive research, we can safely assume that Altrix Edge is a legitimate crypto trading platform. Claims made by the platform appear to be accurate.

If you are interested in signing up for a free account with Altrix Edge, use the link below to get started, and an account manager will walk you through the steps.

Altrix Edge Summary

What is Altrix Edge?

Altrix Edge is a trading bot that executes crypto trades automatically for its users using the power of AI analysis, statistical modelling, and technical analysis. The bot’s main purpose is to ease the burden of trading for advanced users and act as a gateway for newbies to enter the world of crypto trading.

Using the bot, newbies can learn how to develop trading strategies and execute them while advanced traders can refine their strategies and build even more complex ones.

The automated trading software also gives newbies the breathing space to learn crypto at their own pace without the fear of missing out as the bot takes care of trading while the trader focuses on creating effective strategies.

Who Created Altrix Edge?

Online sources, including the bot’s homepage, remain devoid of precise information about the bot’s founders. However, like similar projects, we believe they are a crackerjack team of crypto investors, finance professionals, and developers with significant experience in their various fields.

Based on the various conversations of people who claim to have been in touch with the real founders on forums like BitcoinTalk, the team is made up of five brilliant minds. Two of them are expert traders who have made a fortune on the crypto market, and the other three are programming experts who have been involved with Bitcoin since its early days.

One reputable BitcoinTalk forum user with many upvotes and who also seems entirely respected within the community claims that the five met at an early Bitcoin meetup when the buzz was starting to build around the cryptocurrency market in 2013.

They discussed the topic and a few months later joined hands to develop what at the time would be one of the first automated trading systems which would help cryptocurrency traders make money from the market with ease. As they say, the rest is history.

Years later, Altrix Edge still stands head and shoulders above other auto traders, at least in terms of claimed success rate.

While the founders’ shrouded identities may raise eyebrows, we still believe the bot is legitimate as it partners with leading brokers around the globe to deliver its services to investment enthusiasts.

You will find that brokers on the network are professionals in the investment space who are registered with regulators such as SEC in America, FSA in the UK, and their equivalents outside these jurisdictions.

How Does Altrix Edge Work?

Similar to some of the other best crypto trading bots, Altrix Edge relies on an algorithm to ingest crypto market data, analyse it, and use its insights to predict future price movements. The algorithm is usually proprietary and its source code is unavailable to the general public.

The bot absorbs past market data and uses statistical models to disintegrate it into variables that are interrelated to one another. It can then spot established relationships and use them to analyse live market data.

The robot also analyses various aspects of market data like price action, volume, and momentum, and uses technical indicators like the relative strength index (RSI), the average true range (ATR), Bollinger bands, and others to analyse various aspects of the price action.

For example, the relative strength index measures momentum while the average true range and Bollinger bands measure volatility. The bot can then combine these measurements with the established relationships to accurately predict future price movement.

Although the bot supports crypto trading, order execution is done using Contracts for Differences (CFDs), financial derivatives that represent tradable securities and track their price. These instruments allow traders to execute both long and short positions i.e. bet that a cryptos price will rise or fall. If their bets are correct, they profit. If not, they lose.

CFDs also allow traders to use leverage facilities offered by brokers. We touch more on CFDs in another section of this guide.

Altrix Edge partners with certified crypto brokers around the world to deliver services to major geographical regions.

Pros & Cons of Altrix Edge

Altrix Edge Key Features

Easy Verification

Account registration and verification on Altrix Edge are designed to be as easy and seamless as possible to help onboard new users. The details required for registration include your full name, phone number, and email address while verification requires an official identification document like an ID or driver’s licence and a proof of address document like a utility bill.

If you have these documents on hand, the entire process should be completed within 20 minutes. The partner broker you chose may require more documents like proof of funds. Nonetheless, the signup process should not be tedious.

Withdrawal Process

Altrix Edge’s withdrawal process is quick and easy but requires that you first verify your account. This is the case with most brokers. Note that you may be restricted to the deposit amount used.

For example, if you deposit an amount using a bank transfer, you may be required to withdraw using the same method, which is a general practice in the industry.

Asides from the requirement listed above, there are no other withdrawal limits. You can withdraw as much or as little as you wish from the platform. When you wish to withdraw, fill out the form in the Withdraw section of your account and your funds should be processed within 24 hours.

Customer Service

Channels for the customer service interface include email and phone. Upon activating your new account, an account officer should call you to walk you through setting up the bot for the first time. You can also send messages from your account dashboard with the live chat feature when in need of support.

High Success Rate

Altrix Edge has a claimed success rate of 99%, meaning that it predicts 9.9 out of every 10 trades accurately. This is at best an upper boundary as no one, not even bots, consistently achieves that level of accuracy.

However, the bot has shown the capability to predict the market accurately more times than not. Combined with a decent strategy and good risk management, we believe that the bot displays an overall high success rate.

Affiliated Brokers

The bot works with affiliated brokers across several countries around the globe. The brokers are usually regulated in their operational territories and they provide a safe gateway for many users to access the bot.

Payouts

Altrix Edge claims that users can make as much as a few thousand dollars a day. We believe that this is only achievable if sufficient trading capital and superior trading knowledge are applied. That said, our own experience while using the bot was overall positive.

We won seven of the ten trades that we placed using the bot, and maybe we could have won more had we continued for much longer and also added on our initial capital of $250.

How we rated Altrix Edge

Before signing up for a Altrix Edge account, check that its processes don’t negatively affect you. We’ve analysed several performance categories of Altrix Edge to paint a clear picture of how the platform performs.

Costs and Fees: 4/5

As a leading crypto bot, Altrix Edge does not charge fees for using its platform. Account creation and management are free, deposits and withdrawals are also free, and there are no commission charges on trades.

There may be a markup to CFD spreads, which is how these platforms make money. These spreads are usually minimal and hardly have a significant impact on the cost of trading.

Note that while Altrix Edge does not charge for deposits and withdrawals, payment providers may.

Verification: 5/5

Altrix Edge’s verification system is straightforward. It requires a government-issued ID and a valid proof of address like a utility bill. The waiting period is also quite short.

The process was easy for us. The platform did not require more information than what was necessary, which is a good thing considering that all accounts must go through this process.

Customer Service: 5/5

Customer support on Altrix Edge is available 24/5 via email, calls, and live chat for account holders. Agents are on standby to help set up your account and fix any issues you may face.

When we reached out to customer service, we were able to get in touch with them quite quickly through phone and email, although we found the live chat option to be the fastest method.

Deposit and Withdrawal Limits and Methods: 4/5

To use Altrix Edge, you’ll need to deposit a minimum of $250. You can do this using credit cards or bank transfers. Minimum deposit limits only apply to deposits, not withdrawals.

We were able to deposit money into our account quite easily. However, that may not be the case, depending on your location. The three currencies accepted are USD, and EUR. We also found that the best method for everyone in most regions is the credit/debit card.

How Does Altrix Edge Compare to Other Automated Cryptocurrency Traders?

Here are some other auto trading platforms that you can compare to Altrix Edge:

• Immediate Edge: This robot is a good option for traders who want to trade multiple crypto CFDs.
• Bitcoin Code: This is another great option for trading Bitcoin CFDs.
• Bit Index AI: This bot uses AI and machine learning models to achieve high accuracy.
• Bitcoin Prime: This robot focuses specifically on Bitcoin CFDs.
• 7Tesler: This robot is great for beginners who wish to trade both crypto and forex.

• Oil Profit: This bot is great for traders who also wish to trade commodities like oil.

Is Altrix Edge Legitimate?

When investigating the legitimacy of crypto trading robots, we consider several factors. However, two stand out.

The first is the customer service team. In this industry, good customer service is indicative of legitimacy as scams do not expend funds to pay for a good service team. Altrix Edge’s support has made strides to meet clients at the point of their needs.

The second thing that stands out is reviews. The key here is not how many “good” reviews we find, but how many are real and high quality. For this reason, we discount testimonials on the platform’s website and focus more on third-party sites. The reviews we found for Altrix Edge were largely positive.

Is Altrix Edge Safe?

Altrix Edge is safe enough for daily use. The site is secured by SSL encryption, and user data hides behind firewalls.

The platform also parks user funds on secure third-party brokers. This way, the funds are off their servers which serves to reduce their attack vectors.

So far, we have not found any reports of breaches or hacks on Altrix Edge’s network.

5 Reasons to Use Altrix Edge for Trading

Altrix Edge has built an excellent reputation within the crypto trading space for good measure. Below we will take a look at a few reasons why;

High Returns

Several reports point to users making returns that outpace those of traditional financial products and investments. The bot’s algorithm is programmed to spot tiny changes in market structure and can often notify of a change in trend before it gains momentum.

By getting on trends early, you can make high returns on investment. Some users on the website report as high as 50% return or more each week.

Faster and More Efficient

Thanks to the power of high-frequency computation, trading software like Altrix Edge can achieve speeds unfathomable to the average human. The bot can execute multiple trades in less than a second and benefit from flash crashes.

Easy to Use

Account dashboards on the Altrix Edge platform are easy to use. They are specifically designed to be as seamless as possible because of the bot’s primary target users (newbies). The icons are easy to find and are descriptive enough to give an idea of what they do.

Tabs and sections are listed, and if you get stuck, the knowledge centre has tutorials to help unblock you.

Flexible Funding Methods

You can fund your account with USD, GBP, or EUR through a bank transfer, debit card, or credit card payment. If you do not have any of the aforementioned currencies, you may want to stick to a debit or credit card payment as the credit card company converts automatically.

Limitless Trading

Crypto markets are open 24/7 and so is Altrix Edge. The bot works round the clock to execute strategies. You can take advantage of this when setting strategies.

For example, you can leverage on prime trading times in other geographical regions to leverage on high volatility. In 24 hours, you can key into high volatility periods for three or four major markets and maximise your profit opportunities.

What's the Best Way to Use Altrix Edge?

The best way to use Altrix Edge is to start with a demo account.

Use the demo mode to try your hands at setting and executing strategies, understanding indicators, mastering risk management, and building discipline.

When your strategies are profitable in the demo mode, move to a live account but stick to the automated trading mode. This relies on the power of the algorithm which you should have gotten familiar with in the demo mode.

As time goes on, you can refine your strategies, play around with more complex ones, and try your hands at more indicators and features. You may reach a point where you can re-program the bot to run sophisticated trades.

Has Altrix Edge Ever Appeared On TV?

We came across numerous rumours linking the trading platform to several TV shows. Many believed that the bot had been featured on investment shows; therefore, we sought to find the truth.

Dragons Den

Dragon’s Den is geared towards entrepreneurs looking for funding to jumpstart or expand their ventures. We checked available online sources but did not find any evidence that Altrix Edge has been on the show.

Shark Tank

Shark Tank is the American version of Dragons’ Den. The show features aspiring entrepreneurs who pitch their business ideas to a panel of investors for financial support.

Rumours that the creators of Altrix Edge had been on the show to raise funds for the trading software surfaced. We couldn’t find a single episode where the bot was pitched to the investors; therefore, we believe this rumour is false.

TechStars

This show features entrepreneurs with awesome ideas working along with established CEOs within the tech industry. It follows a tech incubator focused on accelerating the growth of new startups by offering the capital and guidance they need to succeed.

Altrix Edge was rumoured to have been part of the show. However, our intense research didn’t turn up any evidence of legitimacy to this claim, so we dismiss it as false.

Has Altrix Edge Ever Been Endorsed By a Celebrity?

Manny Pacquiao

The global boxing legend made history in 2019 as the oldest welterweight champion. He launched a crypto project some years back and has been linked to one or more crypto projects over the years. There were claims of him endorsing this trading robot, but we didn’t find any truth to them.

Jamie Foxx

This Hollywood legend is a global celebrity whose name packs a punch in the movie industry. He has been reported to hype one or two crypto projects in recent years. We scoured the internet for reliable sources that link him with Altrix Edge. We did not find evidence supporting this claim, and hence pronounce it false.

Floyd Mayweather

This legendary boxing champion promoted one or two crypto projects in 2018 and has since been linked to crypto. Naturally, the rumour that he endorsed Altrix Edge sprung up. However, we could not find any link between them.

Snoop Dogg

Snoop Dogg is a popular name in the rap industry. He is also known for his heavy involvement in the NFT space which includes partnerships with projects like The Sandbox. Despite his involvement with several crypto projects, he has never publicly endorsed Altrix Edge.

Tips for Using Altrix Edge Safely & Managing Risk

Automated trading bots have a great appeal, and with Altrix Edge, there are some tips you can use to get the best results.

Start Small

There are many sides to starting small that are worth highlighting. The first, and arguably the most important, is the mitigation of financial loss. A small investment is easier to recover from than a large one in the case of loss.

Starting small allows you to build your portfolio over time, develop the discipline and temperament needed to succeed, and gain an understanding of the market that will be vital in managing larger funds.

Save Profits

Compounding is a good idea for long-term investments, not short-term trades. Make a habit of taking profits after every profitable trade. This way, you can channel your profit into other ventures while growing your trading account.

While not a rule, you can take up to 50% of the profit on every trade and channel that into something else.

Follow the Advice of Experts

Every financial market has experts that predict future trends. The crypto industry is filled with expert analysts that predict future narratives that affect prices.

To maintain an edge in the market, you may need to follow the experts as they may spot things that you and the bot miss. As much as the markets are figures and data, it is also human emotions manifested as trade orders.

Some insights into the forces driving these emotions could help a great deal. However, do not outsource your entire analysis to analysts as they can make wrong calls.

Keep a Record

The most popular use case for recording trades is for taxes. As nations grapple with crypto tax laws, you may need organised records if you’re called upon to pay taxes on past transactions.

Trade records can also help you identify patterns in your trading style or the market that you can refine, tweak, or zero in on to become more profitable.

Only Invest what you can Afford to Lose

This is the continued form of starting small. Even with a large account, expert knowledge, and sophisticated strategies at your disposal, you can still make bad trades. Avoid risking more than you can afford to lose.

It’s not uncommon for people to build an account to a substantial amount and lose it all when a few trades end up unprofitable because they used too much leverage, and risked too much. Never invest more than you are comfortable losing.

Trading Strategies and Algorithms

Automated Trading

Altrix Edge’s automated mode trades around the clock, allowing users to take advantage of the never-closing crypto market. You can deploy strategies that run when you are asleep or at work with minimal supervision, provided you set your parameters properly.

News and Trend

Altrix Edge also trades news events. The bot can identify significant price movements as they are starting and execute trades to take advantage of them.

Arbitrage Trading

Altrix Edge can be programmed to scan the prices of supported cryptos across various exchanges and take advantage of price discrepancies.

How to Use Altrix Edge - Step-by-Step Guide

To begin using Altrix Edge:

1. Register for an account on Altrix Edge

To register for an account, input your name, email address and phone number in the signup form. After creating the account, you’ll need to submit KYC documents like an ID and proof of address to verify the account.

2. Make an Initial Deposit

Next, you’ll need to deposit at least $250. Altrix Edge accepts deposits through bank transfers, debit cards, and credit cards.

3. Practice using the demo account

After depositing, use the demo account to create and test a trading strategy. The demo mode uses live market data, so the results obtained should mirror that of a live account, but that is not a guarantee.

4. Use a Live Account

Once you are familiar with the interface and have refined your strategy, you can activate the automatic trading mode in a live account.

Altrix Edge Assets, Market, and Options

What assets can you trade using Altrix Edge?

Altrix Edge is primarily a crypto trading bot. It supports 5 cryptos including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Rippe (XRP), and Basic Attention Token (BAT). It trades the coins using CFDs.

These CFDs pay the difference between the contract’s opening and closing price to the party that predicts the price movement accurately. With these contracts, traders can open trades in both directions i.e up or down. They can long (bet that the market will rise) or short (bet that the market will fall).

For example, if you open a $250 Bitcoin long trade at $20,000 and it rises to $23,000, you make $37.50. However, if BTC falls to $19,000, you lose $12.50.

Using these CFDs, Altrix Edge offers several trading pairs by combining cryptos with fiat currencies, e.g., BTCUSD, ETHGBP, and LTCEUR.

What leverage trading options are there with Altrix Edge?

Altrix Edge offers leverage facilities of up to 1000x i.e. 1000:1. This is quite high and is not allowed in certain regions like the US. We advise traders to proceed with caution when using leverage that high.

Never use more than 1:500, especially when your capital is small. If you are a beginner, start with the $250 minimum deposit and trade small sizes. Usually, the smallest lot size is a micro lot (1,000 units), however, when using high leverage, opt for an account with nano lot sizes (usually 100 units). Some brokers provide this option.

These smaller sizes will help mitigate volatility as they carry a smaller value for every pip movement. This way, volatile spikes won’t wipe out your capital.

What are the spreads on Altrix Edge?

Altrix Edge does not specify spreads on its website, however, we believe that the brokers they partner with add spreads, so before choosing any broker, ensure you are aware of their spreads.

Can I Use Altrix Edge in my Country?

Our Conclusion on Altrix Edge

Altrix Edge is a trading bot with a lot of benefits and a few downsides. The bot relies on a highly accurate algorithm to predict price movements, and from the testimonies and reviews we’ve seen, the algorithm works well.

The bot is also user-friendly so that newbies can get a hang of using it quickly. The demo mode works with real market data so your strategies have a high probability of working in a live account. However, this is not a guarantee.

While the bot is mostly free to use, ensure you are aware of the conditions for using the bot. For example, a minimum initial deposit of $250 is required to activate live trading, and you can only deposit USD, GBP, and EUR through bank transfers and credit cards.

When you’re ready to use Altrix Edge, sign up on their website and verify your account.

Review Methodology

We review crypto robots by aggregating various tests, reviews, and testimonies across the web, allowing us to give you a balanced view that accounts for multiple perspectives. Check out our why trust us and how we test pages for more information on our testing process.

We are aware that the internet is full of false testimonies: there are several purported trading robots out there that are, in fact, scams. For this reason, we find it important to compare information from across the internet in our Altrix Edge review.