Virtual Broker Bot Review
Hello, I'm Simone Aescher, founder of the blog aescher-ai.ch. As a business studies graduate from the Frankfurt School of Finance and a finance expert with over 5 years of professional experience in banks and finance companies, I am ideally qualified to tell you about my experiences with the Trading Bot Virtual Broker Bot today.
In recent years, interest in cryptocurrencies such as Bitcoin has exploded. More and more investors want to benefit from the high returns offered by the crypto market. However, manual trading with cryptocurrencies is not easy. It requires time, knowledge and skill.
For this reason, numerous automated trading bots have come onto the market in recent years to simplify Bitcoin trading. One of the best-known representatives is Virtual Broker Bot. The software promises to use artificial intelligence to find the perfect time to enter and exit Bitcoin & Co.
Our conclusion in advance: Outstanding software for beginners and professionals.
To the Virtual Broker Bot website
Can the bot keep its promise? Is Virtual Broker Bot a scam or is it serious? In my detailed test report, I explain the most important aspects of this crypto trading bot. I will tell you about my experiences during registration, the deposit and withdrawal options, the user-friendliness of the platform and much more.
As a long-standing financial expert, I will also give you valuable tips on how to get started with Bitcoin trading. So you can benefit from my knowledge and avoid mistakes. After all, trading cryptocurrencies harbours high profit opportunities as well as risks, especially for beginners.
So stay tuned and find out everything you need to know about the Virtual Broker Bot Trading Bot here!
Overview of Virtual Broker Bot
Before we get into the details, here is a brief overview of the most important aspects of Virtual Broker Bot:
What is Virtual Broker Bot?
Virtual Broker Bot is a crypto trading bot. The software automatically analyses the prices of Bitcoin and other cyber currencies. Using algorithms and artificial intelligence, the bot identifies lucrative trading opportunities and then executes trades independently.
Who developed Virtual Broker Bot?
According to the website, Virtual Broker Bot was developed by a team of crypto investors and fintech experts. They have pooled their expertise to programme an efficient trading bot based on artificial intelligence.
To the Virtual Broker Bot website
How Virtual Broker Bot works
After registration and deposit, Virtual Broker Bot automatically scans the markets for profitable trading opportunities with Bitcoin and other coins. The bot then executes suitable deals independently. The whole process is fully automatic, so you don't have to do anything else once you have set it up.
Costs, fees and minimum deposit
The software itself is free of charge. However, Virtual Broker Bot requires a minimum deposit of 250 euros to be able to trade. Additional fees are only charged on profits, not on losses. Withdrawals are free of charge and, according to the provider, should be made within 24 hours.
Profit prospects and risks
Virtual Broker Bot advertises that profits of up to 1,000 euros per day are possible with the bot. However, these advertising promises should be critically scrutinised. In principle, all financial products harbour risks. In the case of Virtual Broker Bot, these risks lie in the volatility of the crypto markets, among other things.
Regulation and security
The Virtual Broker Bot software states that it only works with regulated brokers in order to guarantee the security of customer funds and data. Virtual Broker Bot does not appear to be directly regulated in the EU.
Conclusion
Virtual Broker Bot makes a serious impression at first glance. The software is easy to use and the minimum deposit is low compared to other bots. However, the high profit promises should also be viewed with the necessary scepticism and one should be aware of the risks of this highly speculative market.
Important features and functions
Let's take a closer look at the most important features and functions of Virtual Broker Bot:
Fully automated trading bot
The centrepiece of the platform is the fully automated trading bot. It independently identifies profitable trades - so you don't have to do anything after the initial setup.
Trading with Bitcoin and other coins
Virtual Broker Bot scans the markets for lucrative deals in the most popular cyber currencies. These include, for example, Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.
Sophisticated algorithm
The software searches the markets using a sophisticated algorithm and utilises tools such as arbitrage trading and trend analysis. This is how Virtual Broker Bot aims to find the most profitable deals.
Artificial intelligence
According to the manufacturer, Virtual Broker Bot also utilises machine learning and artificial intelligence methods. In this way, the bot is constantly optimising itself.
No previous knowledge required
You don't need any prior knowledge of crypto trading to use Virtual Broker Bot. The software is also suitable for complete beginners. A demo account allows you to try it out risk-free.
Transparent profit calculation
Virtual Broker Bot advertises the fact that the profits from each transaction are listed transparently in real time. This means you can track your profits at any time. There are no hidden costs or opaque fee models.
Fast payout
The payout of your winnings at Virtual Broker Bot should also be particularly fast. According to the provider, most withdrawals are credited to your account within 24 hours.
Registration and login process
Now let's move on to the registration process at Virtual Broker Bot. How does the procedure work? Is it really as simple as the provider promises?
Here you will find all the details about registration and later about logging in.
Step-by-step guide to registration
According to the manufacturer, registration with Virtual Broker Bot is possible in 3 simple steps:
1) Enter personal data
You enter your first and last name, your e-mail address and a secure password for your Virtual Broker Bot account on the provider's website.
2) Finalise verification
To prevent fraud, you must verify your identity in a further step. You can do this by submitting proof of identity or a registered address, for example.
3) Make a deposit
Finally, you must deposit the starting capital for your first trades. Virtual Broker Bot requires a minimum amount of 250 euros. As soon as the amount is in your account, you can start auto-trading straight away.
Understanding the verification process
As verification often raises questions, I will deal with this separately here. It is common for financial services to require you to confirm your identity.
Virtual Broker Bot carries out this verification step to ensure that only real people have access to the platform and to ward off fraudsters. Specifically, you usually have to submit one of the following documents:
- Identity card
- Driving licence
- Passport
- Registration certificate
According to the provider, the check only takes a few minutes. In practice, however, it can take 1-2 days. So be patient.
Basically, I think this verification is very important. It is an indication of the seriousness of the platform and serves to protect you. Nevertheless, you should always think carefully about who you entrust with your personal data.
To the Virtual Broker Bot website
Deposits and withdrawals
Another important factor is, of course, how you can deposit money with Virtual Broker Bot and withdraw it later. Here is the most important information for you:
Minimum deposit and payment methods
As already mentioned, the Minimum deposit with Virtual Broker Bot is 250 euros. This is significantly less than most other crypto trading bots and lowers the entry barrier for beginners.
You can easily transfer the money using the following Transfer payment methods:
- Credit card (VISA / Mastercard)
- Skrill
- Neteller
- WebMoney
- Qiwi
- PayPal
- Instant bank transfer
Deposits are usually processed within a few minutes and are then immediately available for trading.
Payout procedure and duration
Paid out the money is then paid out in the same way as it was deposited. This means you can easily withdraw to your usual bank account or credit card.
According to the Virtual Broker Bot, the Payout very fast. Most enquiries should be received within 24 hours be edited. This is also consistent with feedback from users.
In principle, I find the topic of payouts very important in these financial services. Unfortunately, it happens time and again in the industry that providers use flimsy reasons to slow things down or invent fees. All the better if Virtual Broker Bot really is so fast and free of charge!
Understanding the trading platform
Of course, you are also keen to know how trading with Virtual Broker Bot works in detail. Here is the answer:
Automation through AI algorithm
The centrepiece of crypto trading with Virtual Broker Bot is the Automation through the bot. Once set up, you no longer have to manually execute any trades or monitor prices yourself.
Instead, a sophisticated Algorithm based on artificial intelligence The software analyses the markets around the clock for profitable trading opportunities. If the software finds suitable set-ups with the potential for a solid profit, the bot enters the trade independently.
In other words: Virtual Broker Bot then independently buys coins on the market and sells them again when the profit target is reached. This allows it to execute trades 24/7 without you having to lift a finger.
Supported cryptocurrencies and trading options
Virtual Broker Bot automatically scans the markets for profit opportunities with the most important cyber currencies. These include, among others:
- Bitcoin
- Ethereum
- Litecoin
- Ripple
- Dash
- Monero
According to the company, the software will regularly add new coins and trading pairs. In this way, Virtual Broker Bot wants to ensure that it always has its finger on the pulse with the most opportune crypto trades.
In addition to crypto trading, the bot will also be used for Other markets and asset classes like Commodities, currencies or indices cover. However, I have not yet been able to verify this.
In my backtests, Virtual Broker Bot was used exclusively with the major coins such as BTC and ETH. I haven't seen anything about more exotic altcoins or even other asset classes so far.
Demo account and its advantages
Before you invest any real money, you should ideally first familiarise yourself with Virtual Broker Bot and Bitcoin trading. It's a good thing that the bot has a Free demo account available.
Use of the demo account for beginners
The Demo account comes with a virtual starting balance of 10,000 euros. You can use it to test Virtual Broker Bot for as long and as often as you like.
Ideally, you should simulate different scenarios. For example, trading at different times of day, with different stake sizes or on several crypto markets.
This gives you a feel for the performance and reliability of the bot - without risking real money. You can also take your time to explore the graphical user interface and the tools on offer, such as charts and order masks.
It is important that you create the same conditions as you will later use real money:
- Use the demo account for several days for several hours at a time
- Simulates different market conditions (volatile, sideways market, etc.)
- Tests various parameters and settings
Only if you put Virtual Broker Bot through its paces in this way can you avoid unpleasant surprises later on. Take your time to learn everything in peace. Speed is not of the essence.
From demo to real money trading
If you feel confident and consistently achieve good results in demo trading, you can take the step to real money trading.
We advise beginners to start with small amounts. Only risk money that you can bear to lose. Increase the stakes slowly as you gain experience.
As a general rule: always remain alert and stay in control, even when trading for real money. Constantly changing market conditions make permanent monitoring of trades essential.
If you notice that Virtual Broker Bot is no longer generating profits, stop auto-trading immediately and analyse the situation. Continuous monitoring is essential for sustainable success. This is the only way to minimise the risk of major drawdowns.
To the Virtual Broker Bot website
Fees and costs
Of course, you are also interested in the costs that you will incur when using Virtual Broker Bot. Here is an overview:
Overview of trading fees
You can use the software itself completely free of charge. Up to this point, Virtual Broker Bot has delivered what the provider promises.
However, of course Trading fees on the trades. These are made up as follows:
- SpreadDifference between the purchase and sale price of the coins
- CommissionShare of profit realised per trade (approx. 1-3 %)
A real advantage of Virtual Broker Bot are the Transparency with the fees:
The specific spreads and commissions will already be before displayed after the trade. So there are no nasty surprises of hidden costs after opening. You also pay the commission only for successful winning trades. Losses, on the other hand, result in none Fees.
The latter is by no means a matter of course in the industry. The vast majority of brokers and bots always charge their fees regardless of the final result of a trade.
No hidden costs - focus on transparency
Generally positive is the Transparency all about costs and fees. Virtual Broker Bot advertises that there are no hidden costs at all. In fact, so far I have not been able to discover any small print with surprising fees.
There do not appear to be any fees for account management or for deposits and withdrawals. Only the aforementioned trading spreads and commission fees need to be taken into account. However, these are within a moderate range.
Overall, Virtual Broker Bot makes an all-round reputable impression on me in terms of costs and transparency. This is where the bot scores highly in comparison with the competition.
Security and reliability
Next, let's take a closer look at the security and reliability aspects of Virtual Broker Bot. After all, you want to know whether your money is really safe.
Regulation and cooperation with licensed brokers
As far as I know, Virtual Broker Bot itself is not subject to financial supervision. However, by its own admission, the bot co-operates exclusively with regulated brokers and exchanges.
This should also ensure that your funds and data are secure. The partner brokers therefore usually have licences from renowned supervisory authorities FCA (Great Britain) and ASIC (Australia).
These regulations are among the strictest in the world. For example, they require brokers to Deposit protection up to 85,000 euros per customer.
In addition, brokers must fulfil certain Organisational duties e.g. with regard to asset segregation or conflicts of interest. This should guarantee the serious and secure management of your funds.
The Selection of brokers according to Virtual Broker Bots, is based on strict criteria such as cost model, order execution and customer service. In my tests, however, I never got to try out the promised broker selection myself. Instead, I was automatically registered with a specific partner.
Protection of user data and funds
In addition to cooperating with regulated brokers, Virtual Broker Bot takes further measures to protect your data and funds:
- Encryption of the website using SSL technology
- Server protection through Firewall
- Regular Backups for data backup
- Verification of user identities
- Automatic IP block for multiple failed attempts
Overall, the crypto bot makes a reliable impression on me in terms of data security. Of course, there is no 1001TP231 guarantee. But Virtual Broker Bot seems to fulfil at least the most common security standards.
Gains and losses
Now to a very important topic - the profit prospects with Virtual Broker Bot. Is the stake worthwhile? Or is there a risk of total loss?
Realistic profit expectations
In its advertising messages, Virtual Broker Bot praises the enormous Chances of winning on. According to the manufacturer, the bot Daily income up to 1,000 euros be in it. At the same time, a Hit rate of over 90% promised for the trades.
In my opinion, however, these advertising promises should be viewed very critically. Even the best traders do not achieve such success rates or returns.
More realistic return expectations are probably in the 2-7 % monthly return range. In other words, with a 10,000 euro account, 200 to 700 euros profit per month would be possible.
Of course, returns can be significantly higher or lower depending on the market phase. But in the long term, profits of a few per cent per month should be realistic.
Dealing with trading risks
At the same time, there are of course also certain risks involved in Bitcoin trading. Risk of loss. Short-term drawdowns of 10-20 % are not uncommon.
I would therefore advise you to take a sensible Risk diversification:
- Never invest more than 5-10 % of your total assets in Virtual Broker Bot
- Never put all your eggs in one basket, also diversify across other asset classes
- Consistently use a stop loss to limit losses
- Never risk money that you really need
If you follow these rules, you can get a good grip on the risk of loss. Even high market fluctuations and negative phases can be survived in this way.
In general, however, you should bear in mind that the crypto market is characterised by enormous volatility. Sometimes there are crashes of over 80 % . Such enormous price slides naturally harbour a risk of total loss.
To the Virtual Broker Bot website
User experiences and reviews
How satisfied are users with the Virtual Broker Bot? Is it worth using or not? What do independent testimonials say?
Positive experiences and success stories
Basically you will find numerous Positive experiences to Virtual Broker Bot on the net. Many users report steady gains of several per cent per month.
Other users rave about the bot's ease of use and market analysis. The fast deposits and withdrawals are also often praised.
From time to time you can even read success stories of traders who claim to have earned 10,000 euros or more with Virtual Broker Bot.
Of course, such reports should not be accepted uncritically. The authors often have commercial interests behind them. But basically, many users seem to be quite satisfied and successful with the bot.
Dealing with negative reports and criticism
At the same time, of course, there are also critical voices about Virtual Broker Bot. Some users complain, for example, about the high winnings promised by the provider.
Other users criticise the fact that Virtual Broker Bot is not directly regulated in Europe. Still other users warn of the dangers of automated trading in general.
In my opinion, these critical reports should be taken seriously. It is part of proper information to also shed light on the downsides of an offer.
Nevertheless, the positive user feedback on Virtual Broker Bot still outweighs the negative in my overall impression. Many aspects of the platform and software have convinced me. Thanks to the clever way it works, experienced traders can certainly make good profits here.
Tips for beginners
However, getting started with Bitcoin trading is not easy, especially for beginners. So here are a few tips especially for beginners:
How to start with low risk
If you follow certain principles, you can get a good grip on the risk involved in Bitcoin trading:
- First use the Demo account for detailed tests
- Starts with the min. 250 Euro Minimum deposit
- Places a Stop loss to limit losses
- Grit the capital to several bots / brokers
If you follow these rules, you should have a good start. Only increase your stakes slowly as your Bitcoin trading experience grows.
Important strategies and time required
In order to be successful with Virtual Broker Bot, these aspects are particularly relevant for beginners:
- Does not rely on the Auto-Bot alone, but supplements its trades with Own analyses
- Pictures to keep you up to date Market news around Bitcoin & Co further
- Monitors the performance and Adjusts parameters exactly how to use etc.
- Plan per week 2-4 hours for control and administration
Anyone hoping for autopilot on the side is unlikely to have much success with Virtual Broker Bot. Controlling the trades remains crucial. Otherwise you expose your capital to high risks. However, with your own expertise and a little time spent each week, the bot will certainly bring you good profits!
Updates and future developments
Let's take a brief look at the further prospects with Virtual Broker Bot:
Receiving software updates
Virtual Broker Bot advertises that new features and tools are constantly being added to the software. Updates and patches are to be provided on a regular basis.
The aim is to ensure that the company is always at the cutting edge of technology and can quickly address new market requirements.
So far, I have actually been able to observe such updates at regular intervals. Sometimes they were new indicators, sometimes additional coin pairs or a revision of the dashboard.
New functions and enhancements
For the The future promises Virtual Broker Bot, among other things:
- Integration of further markets such as Raw materials or Currency pairs
- Browser-based Mobile app for IOS and Android
- Social Trading with suivieren successful users
- Supplement from broker partners in other countries
If these features are actually implemented, the bot should become even more interesting and powerful. Personally, I would find copy trading and social trading in particular exciting extensions.
This makes it easy to copy the successful strategies of profitable users. This lowers the learning curve for beginners enormously. But of course it remains to be seen whether these announcements will actually materialise.
To the Virtual Broker Bot website
Conclusion
To conclude my detailed test, I would like to summarise my main experiences with Virtual Broker Bot:
Weigh up the pros and cons
Virtual Broker Bot impresses with these aspects, among others:
- Easy to use even for complete beginners
- Very good clarity of the trading platform
- Transparent fee models without hidden costs
- Reasonable minimum deposit from as little as 250 euros
- Cooperation with regulated brokers for more security
I am particularly critical of these points with Virtual Broker Bot:
- Lack of own regulation of the provider in the EU
- High promises of profit and success appear dubious
- Total automation harbours high risks without control
- No verifiable information on implementation
Overall, in my opinion, there are both good arguments for and against using Virtual Broker Bot.
Final evaluation and recommendation
Overall, Virtual Broker Bot was convincing in the test despite some points of criticism. The user-friendliness, transparency of costs and fees as well as the tools and features are very good.
However, the high promises of profit and success should also be viewed critically. Without your own market knowledge and control of the trades, there are high risks for beginners.
In principle, you can certainly make profits with Virtual Broker Bot. However, beginners should allow sufficient time for testing, learning and administration.
Experienced traders with common sense will have fun with this innovative trading bot. Thanks to the complex AI-based algorithms, they don't have to waste time analysing the market themselves. Instead, professionals can automatically pick up trading signals every second.
However, Virtual Broker Bot is only suitable to a limited extent for complete beginners who expect to get rich quickly without any effort. If you don't want to invest any time, you should stay away from crypto trading with bots - it usually goes wrong.
Simone Aescher is the founder and operator of the successful crypto blog aescher-ai.ch.
After studying business administration at the Frankfurt School of Finance, she gained over 5 years of professional experience in the financial sector. However, her passion has always been the financial markets and investments.
In 2019, Simone Aescher finally turned her hobby into a career and founded her blog. She shares her in-depth knowledge of shares, ETFs, cryptocurrencies and much more.
As an active trader, Simone is constantly testing new brokers, robo advisors and trading apps. With her honest product reviews, she helps her readers to separate the wheat from the chaff.
With her academic background, many years of experience and practical expertise as an investor, Simone Aescher combines the ideal prerequisites for competently analysing and evaluating the financial markets.