Botsfolio Review: Worth It or Not?

Botsfolio is a fully automatic trading bot that automatically deploys strategies without needing any customization or configuration. The platform claims to provide a monthly profit of over 10% and employment of proper risk management techniques. It offers portfolio diversification by investing your capital in futures, hedging, and scalping strategies. Our review covers all the information you’ll need to decide whether or not this algorithm is efficient for short and long-term investments.

About Botsfolio

Botsfolio is packed with the following features:

• It trades on autopilot 24 hours a day, seven days a week.
• The dashboard lets you track your robot and its trading actions.
• It comes with a risk management intelligence.
• The website provides the past performance of the bots with an average monthly ROI of 7.95%.
• The current monthy profit the devs promise is 10.95%.

How it works

Botsfolio monitors the market for favorable conditions 24/7 and functions independently. Traders do not have to design or configure their bots. It divides your net investment into a combination of long and short-term strategies based on your financial goals and risk tolerance. 

How to get started with Botsfolio?

Traders can start with the system in the following steps:

1. Purchase a plan after creating a new account
2. Answer a few questions, and it will automatically make a strategy for you
3. Select the amount of money you wish to invest 
4. Connect with your exchange via API keys

Botsfolio pricing

Botsfolio offers the following packages based on the value of your portfolio. It only accepts cryptocurrency payments in Ethereum, Bitcoin, BTC Cash, and Litecoin (LTC).

Fees and commissions

Botsfolio charges a 15% performance fee and a yearly subscription cost for its cloud service.

What exchanges does Botsfolio integrate with? 

Botsfolio integrates with three cryptocurrency exchanges, such as:

1. Binance
2. Coinbase Pro
3. OKEx

Security and reliability

Botsfolio does not influence withdrawals, transfers, or deposits and solely trades from your exchange. It has risk management intelligence. However, its website lacks essential security safeguards, and the platform is not listed on any credible sites. The lack of these details demonstrates the platform’s incompetence and renders it untrustworthy.

What languages does Botsfolio support in their product?

Botsfolio support the following languages:

1. English
2. Japanese

What kind of support options does Botsfolio offer?

Botsfolio’s developers are unknown, as there is no information about them on the company’s official website. The platform’s legality and reliability are questioned due to the lack of vendor transparency and company backgrounds. It provides support via email and a Telegram group. 

Strategy: hedge, scalp, and futures

Value investing, Hedge, Futures, and Fixed Income are the four strategies offered by Botsfolio. Because it works on autopilot and deploys the trading technique according to market conditions, i.e., you can’t design or develop a bot to your specifications.

Botsfolio review: backtesting

Botsfolio lacks backtesting, and the platform does not provide these results on its website. We cannot verify the performance based on historical data.

Trading performance

Botsolio claims to have an average 7.95% ROI per month and provides a monthly performance chart for ETH/USD pair. It shows various parameters such as long or short, entry/exit price, type of strategy, and bot. Most of the trades are profitable, but the outcomes are not verifiable.

Botsfolio: user experience

There are 28 customer reviews on TrustPilot with a rating of 4.0/5. A user says that the bot cuts excessive fees and extra money than the promised monthly charges.

Should you use Botsfolio?

Botsfolio is missing key factors such as vendor openness, security, and functionalities, to name a few. Users should be aware of the risks and research the crypto market before investing in the site.