CLEO.one is a crypto bot that promises to reduce the trading process to a few minutes. The vendor claims that it requires no coding and trades using a simple strategy. In this CLEO.one review, we shall analyze the various aspects of the system to determine whether it is trustworthy.
The headquarters of CLEO.one is located in the Czech Republic. We have the official address on the website, but no other contact information is provided. If you wish to send a message to the service team, you can use the contact form.
The official website has a video that explains how the trading platform works and what features it has. We have information on the team members, the pricing details, and some customer testimonials. The vendor has also compared the platform with other systems showing how simple it is to make profits with CLEO.one. However, we feel like they have oversimplified the operating principle of the platform.
This platform is compatible with different broker services like Bitpanda Pro, Binance, and HitBTC. You don’t need to install the software or run updates, since it is completely cloud-based. This means you can access the platform from anywhere. It collects data from renowned financial institutions and banks and allows you to trade in multiple crypto assets.
The data displayed through this platform include VWAP, price movements, fundamental and technical indicators, candles, etc. CLEO.one uses take profit and trailing stop loss as risk management measures. You can also backtest your crypto strategies and get actionable insights along with analytics and statistics. Using the paper trader functionality, you can simulate your strategy using live market data.
While trading through this platform, you have the option of taking the manual route or leave the heavy lifting to the crypto bots. The platform sends you notifications via email. In case there is an unfavorable market movement, you can use the panic button to close all the positions.
The idea behind CLEO.one
The CLEO.one team aims to bring a positive impact to the crypto environment by making its resources available to traders. They want to improve the way a trader’s money works for them, promising to help them save money and time. These ideas are very generic, and as per our understanding, the company doesn’t have a unique vision that sets it apart from its competitors.
On the official website, we only have information on the founding members of the team. Kevin Grulich, the founder and CEO, has an MBA in investment management and a trading experience of 8 years. Martin Kessner, the co-founder and COO, handles the staff and operations of the company. He has an education in banking and was previously involved in managing a real estate fund.
Safety of CLEO.one and the network
This trading platform uses encryptions to secure its data. You don’t need to send any of your funds to the company as they remain in the exchange. The vendor has not elaborated much on the security features of the platform, which tells us that it lacks some of the more advanced features.
There are three pricing plans for CLEO.one called Starter, Trader, and Trader PRO. These plans have monthly charges of 69 Euros, 199 Euros, and 349 Euros, respectively. The plans are quite expensive and very few traders would be willing to pay this much for a system with limited reputation.
With the more expensive plans, you get access to a greater number of live and demo accounts. Also, the costlier plans let you perform more backtests, trade more assets per rule, access crypto historical data, and use more rules per strategy. We should also mention that there is no money-back guarantee for any of the plans.
There are just a handful of customer reviews for this crypto trading platform on the Trustpilot website. This tells us not many people trust this system with their trading operations. In one of the reviews, the user has expressed their doubt regarding whether this is a legitimate company or not.
Is CLEO.one a legit investment service?
Our VerdictOur Verdict
- Information available on team members
- Extremely expensive pricing plans
- Lack of advanced security features
- Lack of reputation