Cannabis Trader is a new auto-trading software seeking to profit from the recent soar in cannabis stocks worldwide.
This phenomenon, which has come to be known as the “green rush” substantially grew following the legalization of marijuana in Canada in October 2018.
Cannabis Trader claims that “things are only going to get more explosive” and that traders should jump in and invest in cannabis stock CFDs now while the market is “hot”. So, is now really the best time to invest in cannabis stocks or is Cannabis Trader just a new scam?
Read our full article to find out all you need to know.
What is Cannabis Trader and How Does it Work?
First thing’s first: what is Cannabis Trader exactly and how does this software really work?
As mentioned in the beginning of this article, Cannabis Trader is an auto-trading software that gives investors the ability to trade CFDs on a variety of cannabis stocks.
The minimum deposit required to begin trading with Cannabis Trader is $250. You make this deposit directly with a broker you are assigned to upon registration (which is free). Cannabis Trader works with regulated, licensed brokers. This is very important for any software and makes the company more trustworthy to users.
How Does the Cannabis Trader Auto-Trading Work?
Once you make a deposit with a Cannabis Trader broker, their software starts using this money to automatically place trades on cannabis stock CFDs on your behalf based on live market signals.
You will notice their trading room has an auto-trading button that acts like a simple switch. This means that at any time, you can simply switch the automated system on, sit back, and watch as Cannabis Trader performs your trades based on their algorithm.
Auto-trading is usually preferred by complete beginners who do not know the ins and outs of online trading, don’t have the time to spend and prefer leaving it all to an automated machine.
Warning: Not all auto-trading software is trustworthy. There are many scams out there that claim to be “money-making machines” for total beginners. Always check out the company before you invest any money with an auto-trading software.
Usually, we would advise you to do the research and make the trades yourself. Cannabis Trader claims to also offer useful tips so you can learn all you need to know about the world of online trading, which you should definitely take advantage of if you decide to invest in this new software.
Is Trading Cannabis Stocks Really Worth it?
Cannabis Trader stresses the importance of jumping into the cannabis market now, before the global market becomes aware of it. They claim that shares of companies that have been linked to marijuana for medicinal use have increased by 60% in a just this month, which they state is ten times higher than the growth of giants such as Amazon or Apple. In their own words, “this is a real lifetime opportunity no investor should miss”.
So, is this true? Should all investors quickly jump on board?
According to CNN Business, cannabis shares indeed soared in late 2018, which excited many investors as it was seen as a massive opportunity. Cannabis Trader has definitely picked up on a rising interest, but the question is whether the company is worth investing in or whether they are using this recent trend to take advantage of clueless investors.
Is Cannabis Trader a Scam?
Cannabis Trader works with regulated brokers, so we cannot accuse them of an outright scam. Licensed brokers are watched closely by regulatory bodies such as the Cyprus Securities and Exchange Commission (CySEC) (one of the examples of a Cannabis Trader broker’s license) thus it can be difficult to get away with scams.
The software shows some promising features and has definitely picked up on a market trend, but it has not been tested for a longer period of time yet to fully reach a conclusion on whether or not this company is really trustworthy or not.
Not sure about Cannabis Trader but interested in trading CFDs in cannabis stocks? Trade with FXMasterBot instead – a fully tested and reliable online trading software that gives you access to a huge variety of CFDs including cannabis stocks and helps you easily trade with world-class automated signals!