DANNY DE HEK Entrepreneur Decision Maker Connector Podcaster EducatorCryptocurrency trading bots have gained massive popularity in recent years, promising automated profits with minimal effort.

Organizations like Royal Q, which claims to be the world’s first 100% quantitative crypto trading bot trusted by millions of users worldwide, often make bold claims.

These include guaranteed earnings, advanced AI algorithms, and partnerships with reputable exchanges. While this may sound like a dream come true, it’s crucial to take a step back and examine the risks and pitfalls of such opportunities. Below, we’ll explore why trusting organizations like Royal Q may not be as safe as it seems.

Table of Contents

  1. Our Partners: Do They Really Exist?
    • Binance
    • Pionex
    • OKX
    • KuCoin
    • Huobi
    • Kraken
    • Indodax
    • Coinbase Pro
  2. What Happened in the Zoom Meeting
  3. Common Pitfalls of Crypto Trading Bots
  4. The False Sense of Security
  5. Red Flags to Watch For
  6. Protecting Yourself From Scams

1. Our Partners: Do They Really Exist?

Many organizations promoting crypto trading bots, including Royal Q, boast partnerships with top-tier exchanges like Binance, Pionex, and KuCoin. However, these claims often lack substantiation. It is easy for scam operations to list big names without formal agreements or affiliations. Here is what you should know about each platform:

Binance

Binance is one of the largest and most reputable cryptocurrency exchanges. While legitimate bots can integrate with Binance’s API, the platform has repeatedly warned users about connecting their accounts to unverified third-party tools. Royal Q’s claim of partnership with Binance is unverified.

Pionex

Pionex is known for its built-in trading bots, but they are proprietary. Claims of external partnerships by organizations like Royal Q should be met with skepticism unless verified by Pionex itself.

OKX

OKX provides API access for traders, but they do not endorse or officially partner with external bot providers. Royal Q’s claims should be carefully scrutinized.

KuCoin

KuCoin’s API is accessible, but the exchange explicitly warns against fraudulent bots claiming affiliation. Royal Q’s partnership claims are questionable.

Huobi

Huobi’s API integration does not equal partnership. Fake claims often misuse Huobi’s name to gain credibility, and Royal Q’s affiliation is unsubstantiated.

Kraken

Kraken is one of the oldest cryptocurrency exchanges, known for its strict security measures. The platform urges users to ensure any bot they use is compliant with its API terms. Royal Q does not appear to have any formal affiliation.

Indodax

Indodax is a regional exchange that is lesser-known globally. Claims of partnerships by Royal Q often go unchecked, making it a favorite for scam operations.

Coinbase Pro

Coinbase Pro explicitly states that users should exercise caution with third-party trading bots and verify their legitimacy before use. Royal Q’s claims of partnership are unfounded.

2. What Happened in the Zoom Meeting

As The Crypto Ponzi Scheme Avenger, I joined a Zoom meeting hosted by Royal Q, an organization promoting their so-called “trading bot” with bold claims of profitability. When I entered, there were 55 attendees, many of whom seemed curious but unaware of the potential scam they were walking into. Armed with my mission to expose fraud and warn unsuspecting victims, I shared a warning message in the chat:

Attention Everyone in the Zoom Meeting:
You are currently participating in a fraudulent scheme. The organizers have made false promises and misleading claims. If you’ve invested money, you are being scammed.
This meeting is monitored, and all participants are being reported to relevant authorities. This session is also being streamed live on YouTube: https://youtu.be/XR8ZFAi5fDo
Take Immediate Action:

  1. Stop any further engagement.
  2. Seek legal advice to recover losses.
  3. Report this scam to your local authorities.

As expected, the host, Coach MO, tried to dismiss my warnings, labeling me a “scammer” and urging participants to ignore the chat. When I asked critical questions like, “Where is the company registered?” or “What is the official website?” the host deflected, insisting I go back to the person who invited me for a referral link.

Adding to the chaos, I and my team used humorous usernames like Klaus Wunderlich, Suggon Deeznutz, Dixie Normous, and Mike Hunt to repeatedly request remote control access. This tactic forced the host to read our names aloud while trying to remove us from the meeting, disrupting their pitch. By the time we left, only 38 attendees remained.

The Zoom meeting not only highlighted the evasiveness of Royal Q’s organizers but also their inability to provide transparency. It’s clear they rely on misinformation and high-pressure tactics to recruit unsuspecting investors.

3. Common Pitfalls of Crypto Trading Bots

Crypto trading bots like Royal Q promise convenience and profitability, but there are significant drawbacks that many people overlook:

  • Unverifiable Algorithms: Most bots, including Royal Q’s, claim to use advanced AI and quantitative strategies, but few provide verifiable data or transparency about how they operate.
  • Over-Optimization: Bots often perform well in backtests but fail in real-time markets due to unforeseen volatility.
  • Hidden Fees: Users are sometimes hit with hidden fees or are required to pay exorbitant activation costs.
  • Dependence on Recruitment: Many bot organizations operate as MLM schemes, relying on recruitment bonuses rather than actual trading profits.

4. The False Sense of Security

Bots like Royal Q are marketed as foolproof, but the reality is far different. Here’s why you shouldn’t let your guard down:

  • API Risks: Linking your exchange account via API gives the bot access to trade on your behalf. In the wrong hands, this can lead to unauthorized actions or drained accounts.
  • No Guarantees: Market conditions are unpredictable. No bot, no matter how sophisticated, can guarantee profits.
  • Fake Performance Metrics: Many bot providers, including Royal Q, fabricate success stories and testimonials to lure unsuspecting investors.

5. Red Flags to Watch For

Be on high alert for the following warning signs:

  • Overblown Partnerships: Claims of affiliations with major exchanges without official announcements.
  • Guaranteed Profits: No legitimate trading operation can guarantee returns.
  • Multi-Level Marketing (MLM) Models: If significant earnings come from recruiting others, it’s likely a Ponzi scheme.
  • Domain Changes: Frequent rebranding or domain changes signal instability or attempts to evade scrutiny.
  • Evasive Answers: If a representative can’t provide basic information, such as the company’s registration or trading strategy, walk away.

6. Protecting Yourself From Scams

To safeguard your investments, take the following precautions:

  1. Do Your Research: Verify every claim, especially partnerships with major exchanges.
  2. Use Verified Tools: Only use bots and tools officially listed or endorsed by trusted exchanges.
  3. Be Skeptical of Guarantees: Remember, cryptocurrency markets are inherently volatile. No system can eliminate risk entirely.
  4. Monitor Your Accounts: Regularly check your exchange account for unauthorized activity if using a bot.
  5. Report Suspicious Activity: If you suspect fraud, report it to relevant authorities and the affected exchanges.

Conclusion

While the allure of automated trading bots is strong, the risks far outweigh the benefits if the organization behind the bot lacks transparency and credibility. Organizations like Royal Q, which falsely claim to be the world’s first 100% quantitative crypto trading bot trusted by millions, should be approached with extreme caution.

By staying informed and vigilant, you can avoid falling victim to the false promises of organizations like Royal Q. Spread the word to protect others and ensure that these schemes lose their grip on unsuspecting investors.

As The Crypto Ponzi Scheme Avenger, my mission is to expose these scams, shame those who run them, and save mum-and-dad investors from financial ruin. If you’re considering an opportunity like this, take a moment to watch the video embedded in this blog. It could save you thousands.