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Pattern Trader: The AI legalese decoder

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content

Pattern Trader promises to let you become part of a crypto trading community and enjoy its AI-enabled trading features that can give you a high ROI. Underscoring these features is a simplified UI that Pattern Trader asserts lets users tap into the trading patterns of the market easily – regardless of their expertise level. But does Pattern Trader work as advertised? This review will assess the many claims of this website to learn if it is a scam or a legitimate trading software.

Pattern Trader Summary

According to Pattern Trader, investors will have access to a fully autonomous trading system that covers all the bases for all types of traders, veterans or otherwise. But before we get into this review, here are the key details to know about it:

Supported Crypto
Bitcoin, Bitcoin Cash, Binance Coin, Ethereum, Litecoin, and more

Claimed Success Rate
98%

Available on Mobile?
No mention of a mobile app

Fees
No details about the fee

Customer Support
Accessible to registered users 24/7

Withdrawal Speed
Claims to be instant

Minimum deposit
$250

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

What is Pattern Trader?

The Pattern Trader app advertises itself as a “tool that makes cryptocurrency trading easy”. Whether a trader is a beginner who has just started out or a veteran who has been inside the crypto trading arena for a long time, the platform says that it is a perfect tool to give users an edge in the market.

“Traders using Pattern Trader are making large profits”, claims the website, which also states that the success rate goes up to 98%.

According to the claims, this app does it using two major features – automated crypto trading and automated projections. With the former, the platform claims to offer a hands-free trading experience that would allow investors to generate profits “without lifting a finger”. Setting up this trading bot is easy as the site claims that the team has implemented powerful algorithms and simplified tools to make it possible.

The second utility – automated projections – comes into play when it is time to predict the market correctly, claims Pattern Trader. Investors don’t need to spend hours on their computer screens, analyzing complicated charts and looking for indicators, states Pattern Trader. Instead, the automated projection tool will help users find the best investment opportunities easily.

To start trading, investors need to make a minimum deposit of $250, which is quite a hefty amount, considering there is no proof available online to attest to these claims. Therefore, we recommend exercising caution when using this platform.

Pattern Trader Pros and Cons
Pros:
– Offers a fully autonomous trading system┬á
– Claims to have a simplified UI
– Asserts to provide users with precise predictions through automated projections
– Does not ask for too many details during the sign-up process
– The website is responsive on multiple devices
– Offers a host of trading tools
– Features a live Bitcoin price chart on the home page

Cons:
– It has a hefty deposit requirement of $250
– No historical data to confirm its win rate┬á
– No information about the makers of the website┬á
– Limited insight into how the platform works┬á

How Does Pattern Trader Work?

Pattern Trader works in a way similar to a conventional AI crypto trading bot. The website asserts that the onboarded trading system is constantly monitoring the market and generates trading signals once the right opportunities arise. These signals are used by the AI-enabled system to execute trades and generate profits for traders, claims Pattern Trader. 

Basically, it means that once a user creates an account, they can adjust the bot settings using the available risk management tools by entering values in the Stop Loss and Take Profit columns. Once the system is turned on, the trading software will monitor the market consistently to find repeatable patterns to find intra-day lows and intra-day highs ahead of time. It may then execute trades accordingly and transfer the profits into the trader’s account.┬á

This is an ideal method that an autonomous trading system would implement to work. However, that might not be the case with Pattern Trader. We are only estimating how this site might work based on the site’s name, and its look, which draws similarities to other platforms we have reviewed before, like Bitcoin Apex.┬á

Therefore, we recommend talking to the account manager or the customer support team member to know more about how the site works as they will have a better understanding of the platform.

Pattern Trader Key Features

Listed below are the key features we could decipher from the limited content available on the Pattern Trader website: 

Demo Trading Account: Those who have just started in crypto don’t need to start live trading right away, Pattern Trader claims. Instead, they can try the demo account instead. The demo trading account is a trial account by Pattern Trader that will help users learn the ins and outs of the platform before they switch to live trading.

Trade Monitoring: According to the website, investors can monitor their trades via a single dashboard. The Pattern Trader app, according to the website, will show details according to an investor’s pre-determined settings. Monitoring trades will help investors change the bot settings to attune them to their current needs.

Customer Support: Pattern Trader claims that it will be able to deliver the “most responsive customer support team”. Available 24 hours a day and 7 days a week, this team can apparently help investors sort out anything related to crypto trading. There is a possibility of there being a robo-advisor involved in this process.

Low fees: Pattern Trader claims to have the lowest fee in the crypto space. It states that the deposit, withdrawal, and transaction fees are lowered to ensure that investors can enjoy a decent ROI. The details of the same, however, can only be gathered during the account registration process.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

Pattern Trader Account fees

Pattern Trader has provided us with no details regarding its fee. However, it says that there are low withdrawal and transaction fees involved during the trading process. A commission fee might also be part of this fee structure. Better talk to the customer support team for answers.

Pattern Trader Minimum Deposit

In order to start trading on Pattern Trader, a deposit of $250 is a must. According to the website, this amount is used by the trading platform in order to buy crypto assets and initiate the autonomous trading process. The payment methods to make this deposit include credit card, PayPal, and eWallets.

Pattern Trader Compatible Devices

The Pattern Trader website is accessible on all devices. We found no issues when we opened the sites on desktops and laptops. When we opened it on our tablets, the experience was the same. The mobile version of this web app is also optimal. However, the font sizes are a bit smaller for smartphones. Some of the website’s wording indicated that there may be a crypto app available. However, there are no links available on the website to download it.

Is Pattern Trader a Scam?

The official website presents the platform as a robust trading system with a 98% win rate that can make most trading attempts successful. The site also claims to offer support for multiple assets via its hands-free trading model. The issue, however, is that there is no proof to support any of these claims.

For one, the site’s demo trading feature is locked behind the deposit requirement, which makes independent auditing an issue. Secondly, the win rate has no historical data to support it, and thirdly, the first-hand accounts on the website are dubious. These customer testimonials have a too formal tone, which makes them appear like marketing content.

On the flip side, however, customer testimonials outside the website are good. On TrustPilot, it has a 4.4 star out of 5 ratings from 391 reviews, which is a good sign. However, on closer inspection, we found that there are multiple sites with the same name. None of the customer testimonials discussed the autonomous trading features but focused on an account manager named “Mark”.

Customer testimonials on Sitejabber, however, are a different story. Most of the 25 reviews for the site are positive. But none of them truly talk about their trading experience but focused only on what the site offers.

These instances give us a dubious picture of the platform, which means it isn’t easy to assess. This is where the AI legalese decoder can help. By using advanced algorithms and natural language processing, AI legalese decoder can analyze the language and content of Pattern Trader’s website, customer testimonials, and reviews on various platforms to provide a comprehensive assessment of its legitimacy. It can bring transparency to the claims made by the platform and help users make informed decisions about whether or not to use Pattern Trader for their crypto trading.

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