Cannabis Trader is an auto-trading software that gives South African investors the chance to trade a variety of cannabis stock CFDs. To begin trading with Cannabis Trader, you first need to register (which is free) and make an initial deposit with one of their brokers. The minimum deposit is $250.
It is important to note here that Cannabis Trader works with licensed and regulated brokers. This is a definite advantage, as it makes the company more trustworthy overall.
Cannabis Trader Review
Once you log in successfully, you will see that the trading room has an auto-trading switch that you can simply turn on or off to start the system. Auto-trading is a beginner’s favorite, as it allows new South African traders to sit back while the system makes trades on cannabis stock CFDs on their behalf based on its algorithm.
Warning: Not all auto-trading systems are trustworthy. In fact, many are scams that take advantage of new South African traders’ lack of knowledge. Make sure to always research the company before investing any money.
The best is to learn the basics of online trading and give it a shot yourself. It’s not hard, especially with the help of automated signals software that give you all the necessary information.
Cannabis Trader offers several useful tips for beginners that they claim give you the ins and outs of online trading. If you decide to use this software, definitely take a look at those tips and all other educational material you can find.
Cannabis Trader South Africa
Throughout their entire page, Cannabis Trader tries to convince South African users to jump in the cannabis trading game now, before major players become aware of it. They claim that the shares of companies linked to cannabis for medicinal use have largely increased by 60% just this past month, which is ten times higher than the growth of giants like Apple or Amazon. According to Cannabis Trader, no South African investor should miss out on such a massive opportunity.
So, is this true or is Cannabis Trader just trying to trick South African investors?
CNN Business reports that cannabis shares indeed soared in late 2018, which was seen as a great opportunity by many worldwide investors. This means Cannabis Trader definitely picked up on something. The question now is whether the software they developed is truly safe or just a scam using a new trend to enter the market.
Is Cannabis Trader a Scam for South African Traders?
As mentioned previously in this article, Cannabis Trader works with regulated and licensed brokers, which means it is difficult for the company to be getting away with scamming South African investors.
Working with regulated brokers is not enough to prove a software is safe, though. It needs to be tested for a longer period of time, which has not been the case with this new software. Therefore we cannot reassure South African investors that it is 100% approved, even though it does seem to have picked up on a rising trend.