Run, don't walk away from this scam. Like the posters below, I lost 95% of my account to 2 uncharacteristically high trades after almost a year of stable trading. I am not buying the idea that... See more
Company replied
While we don't verify specific claims because reviewers' opinions are their own, we may label reviews as "Verified" when we can confirm a business interaction took place. Read more
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See what reviewers are saying
CAUTION.. As written by others, please be aware that many users nearly lost all their money on 2-4 Carinabot trades a few days ago.! The bot-used trade amount, of which the individual users' investm... See more
Company replied
Excuses are not accepted if you advertise your robot as an advanced tool that stably profits from small gains and very small losses (till yesterday). I lost almost all the capital invested. We all kno... See more
Company replied
Carinabot is done as a company, it's clear to see that here. We should take them to court for releasing a new version (reverted back now to 1.6), without proper testing and protection in the softwar... See more
Company replied
Company details
Written by the company
CarinaBot is an automated trading software designed to optimize trading processes and generate a 3.9% monthly profit. It uses advanced algorithms to predict market behavior, specifically in the EUR/USD pair, and automatically trades on your behalf. With a secure, no upfront cost model, CarinaBot allows a free three-month trial and only charges 10% of net profits thereafter. It does not have access to users' funds, ensuring safety, and provides a real-time dashboard for trade monitoring.
Contact info
30 St Mary Axe, London, England, EC2Y 9AR, London, United Kingdom
- info@carinabot.com
- carinabot.com
1.7
Bad
99 reviews
No recent history of asking for reviews
This company hasn't invited customers recently, so reviews may not be representative
Hasn’t replied to negative reviews
How this company uses Trustpilot
See how their reviews and ratings are sourced, scored, and moderated.
I invested $5K one month ago
I invested $5K one month ago. Everything seemed to be going well. It was winning most of its trades and of course, losing a few. Each win or loss was in the realm of $5 - $25.
I logged into my account today only to find two losing trades, one for $4.5k and the other for $600. They appear to have used 100x and 10x the normal amount of leverage respectively.
I have messaged the team and am waiting for a reply, but clearly this is a massive bug in the software.
I doubt there is anything that can be done about it because the trades are closed.
I can only assume this also happened to all the other users too as the daily trade email they send out also shows huge losses.
I would imagine this is the end of CarinaBot. If not, just to warn other potential investors. Steer well clear of this one!!!
Update: 17/7/2024
It’s very disappointing to read the copy/paste response to my original review. The CarinaBot team are basically trying to blame this awful mishap on market conditions.
I have 4 other bots running apart from CarinaBot and they are all doing just fine, steadily making money despite market conditions. After all, isn’t this why you would use a bot, to take out the emotion of trading, especially when the market is against you?
It’s clear that the issue has been caused by a bug which had the bot make two enormous losing trades it had no business making.
Call it a bug or call it human error for releasing software without proper testing, but the culpability clearly lies with the CarinaBot team. If they had just acknowledged that, at least I would still have some respect for them.
I feel blessed that I only lost $5k. When I read what others have lost, my heart goes out to them.
It’s such a shame. I’m sure there will be shockwaves for a long time after this that will affect the whole algorithmic trading industry.
Let’s see where it all goes from here. I want to reiterate though, if you’re thinking about using CarinaBot, don’t do it! Even if they were able to recover from this, they have shown their true colours during this disaster. Beware.
There are other good alternatives out there. All of them carry risk, of course. Don’t put all your money into one bot. They can all make mistakes. Hopefully none of them will be as catastrophic as this one!
16 July 2024
Unprompted review
Reply from CarinaBot
Hello dear Trader,
We are sorry that our bot is not perfect and makes mistakes. However hard we try to improve it, we will never be able to eliminate all risks completely. Automated forex trading always comes with risk (see Section 4 Risk Warning of our Terms of Use, and disclosures on our website).
Carina is still an experimental machine learning system. It learns and continuously changes over time. And this time, it made a serious mistake. Version 1.7.1 was definitely unstable and had some problems, bugs, or errors that we were not aware of. Based on the data we have now (which we are still studying), it seems like a combination of several factors caused the issue. High volatility in EURUSD at the time, along with a series of trades opened within a short session, led to a mistake in the bot, causing it to exponentially increase the trading amount with each subsequent trade.
We're currently considering modifying the trading algorithm to enhance profitability and recover losses quickly. However, implementing such changes carries significant risk and could potentially destabilize the bot. We're facing a challenging decision as we explore various options to boost performance without compromising stability or increasing risk unnecessarily. At this moment, we don't have a specific plan but are diligently researching and working on potential solutions.
A the moment, we need some time, we experienced significant losses today as well, and we are really busy with work at the moment. We need some space and time to figure out the next plan. We'll keep you updated once we have any news.
When deciding whether to keep using CarinaBot or not, please keep in mind that it’s an automated trading robot. It was, it is, and it always will come with a significant risk. Trading is always risky. Please read Section 4 Risk Warning of the Terms of Use.
Thank you for understanding.
CarinaBot Team
Everything worked until today
Everything worked until today, when some outrageous high-risk trades were made. A big drop in the account into the red.
16 July 2024
Unprompted review
Reply from CarinaBot
Hello dear Trader,
We are sorry that our bot is not perfect and makes mistakes. However hard we try to improve it, we will never be able to eliminate all risks completely. Automated forex trading always comes with risk (see Section 4 Risk Warning of our Terms of Use, and disclosures on our website).
Carina is still an experimental machine learning system. It learns and continuously changes over time. And this time, it made a serious mistake. Version 1.7.1 was definitely unstable and had some problems, bugs, or errors that we were not aware of. Based on the data we have now (which we are still studying), it seems like a combination of several factors caused the issue. High volatility in EURUSD at the time, along with a series of trades opened within a short session, led to a mistake in the bot, causing it to exponentially increase the trading amount with each subsequent trade.
We're currently considering modifying the trading algorithm to enhance profitability and recover losses quickly. However, implementing such changes carries significant risk and could potentially destabilize the bot. We're facing a challenging decision as we explore various options to boost performance without compromising stability or increasing risk unnecessarily. At this moment, we don't have a specific plan but are diligently researching and working on potential solutions.
A the moment, we need some time, we experienced significant losses today as well, and we are really busy with work at the moment. We need some space and time to figure out the next plan. We'll keep you updated once we have any news.
When deciding whether to keep using CarinaBot or not, please keep in mind that it’s an automated trading robot. It was, it is, and it always will come with a significant risk. Trading is always risky. Please read Section 4 Risk Warning of the Terms of Use.
Thank you for understanding.
CarinaBot Team
Absolute scam
Absolute scam. I lost all of my money in a single trade. Stay as far away as possible from this. These people clearly don't know what they are doing.
16 July 2024
Unprompted review
Reply from CarinaBot
Hello dear Trader,
We are sorry that our bot is not perfect and makes mistakes. However hard we try to improve it, we will never be able to eliminate all risks completely. Automated forex trading always comes with risk (see Section 4 Risk Warning of our Terms of Use, and disclosures on our website).
Carina is still an experimental machine learning system. It learns and continuously changes over time. And this time, it made a serious mistake. Version 1.7.1 was definitely unstable and had some problems, bugs, or errors that we were not aware of. Based on the data we have now (which we are still studying), it seems like a combination of several factors caused the issue. High volatility in EURUSD at the time, along with a series of trades opened within a short session, led to a mistake in the bot, causing it to exponentially increase the trading amount with each subsequent trade.
We're currently considering modifying the trading algorithm to enhance profitability and recover losses quickly. However, implementing such changes carries significant risk and could potentially destabilize the bot. We're facing a challenging decision as we explore various options to boost performance without compromising stability or increasing risk unnecessarily. At this moment, we don't have a specific plan but are diligently researching and working on potential solutions.
A the moment, we need some time, we experienced significant losses today as well, and we are really busy with work at the moment. We need some space and time to figure out the next plan. We'll keep you updated once we have any news.
When deciding whether to keep using CarinaBot or not, please keep in mind that it’s an automated trading robot. It was, it is, and it always will come with a significant risk. Trading is always risky. Please read Section 4 Risk Warning of the Terms of Use.
Thank you for understanding.
CarinaBot Team
Buggy trading by CarinaBot
I use CarinaBot for 3.5 months and initial capital has been increased by 18% only due to the automated trading performed by CarinaBot.
So far, seems so good!
But a few days later and after my initial review, on 16/07/2024 in a single transaction, they managed to lose all my capital and more. So, unfortunately unless something else happened, it seems it has bugs, since it never made such a big transaction in the past....
9 July 2024
Unprompted review
Reply from CarinaBot
Dear User!
Thank you so much for your amazing feedback!
We appreciate your trust in our robot and we'll continue to work hard to ensure your success. If you have any questions or need further assistance, feel free to reach out.
Thank you for choosing CarinaBot!
Cheers!
CarinaBot Team
It works!
I started with a small amount and many doubts; I changed my mind. The service works well and customer care responds very quickly. I recommend trying the bot
23 June 2024
Unprompted review
Reply from CarinaBot
Dear User!
Thank you so much for your amazing feedback!
We appreciate your trust in our robot and we'll continue to work hard to ensure your success. If you have any questions or need further assistance, feel free to reach out.
Thank you for choosing CarinaBot!
Cheers!
CarinaBot Team
Incredibly accurate, customer service are so helpful!
This was my first time starting out in automated trading algorithms, and CarinaBot seemed to be one of the best I could find consistency wise. I was sceptical at first, but the results were shockingly impressive. The customer support also has been fantastic, they've answered all my picky questions! It is worth a try if you are sceptical like I was, just start with their demo account and then put a small amount in. If you're happy with that, from there you can build your account up. The profit figures they advertise are accurate, that I want to clarify.
Thanks CarinaBot!
17 June 2024
Unprompted review
Reply from CarinaBot
Dear Johnny!
Thank you so much for your amazing feedback!
We appreciate your trust in our robot and we'll continue to work hard to ensure your success. If you have any questions or need further assistance, feel free to reach out.
Thank you for choosing CarinaBot!
Cheers!
CarinaBot Team
I tried some Bots but they didnt work…
I tried some Bots but they didnt work for me. Until now this Bot is working yery well for a year. I will give further informations after making some payouts.
14 June 2024
Unprompted review
Reply from CarinaBot
Dear Stefan!
Thank you so much for your amazing feedback!
We appreciate your trust in our robot and we'll continue to work hard to ensure your success. If you have any questions or need further assistance, feel free to reach out.
Thank you for choosing CarinaBot!
Cheers!
CarinaBot Team
I absolutely love Carinabot
I absolutely love Carinabot. I have 2 accounts, one in BTC and the other in USDT.
Since November last year the BTC account is up over 170% (thanks to BTC performing well) and CarinaBot growing my BTC holdings on top and my USDT account is up over 35%.
It's such a stable trading bot and great fun to watch.
The only reason I'm not giving it 5 stars is because the payment system needs fixing. I recently tried to help my daughter set it up and it was a nightmare trying to get funds into the account. If this can be made simpler it would be amazing.
Also I think the fees should be taken automatically rather than being a job to do every 3 months. That would top it off to make it perfect for me :-)
10 June 2024
Unprompted review
Reply from CarinaBot
Dear Chris!
Thank you so much for your amazing feedback!
We appreciate your trust in our robot and we'll continue to work hard to ensure your success. If you have any questions or need further assistance, feel free to reach out.
Thank you for choosing CarinaBot!
Cheers!
CarinaBot Team
Great service
I paid my fee twice and they re-imbursed me within 20 minutes. Having great experience after great experience with the Bot and the people behind it. Can recommend!
3 June 2024
Unprompted review
Reply from CarinaBot
Dear User!
Thank you so much for your amazing feedback!
We appreciate your trust in our robot and we'll continue to work hard to ensure your success. If you have any questions or need further assistance, feel free to reach out.
Thank you for choosing CarinaBot!
Cheers!
CarinaBot Team
Great company to deal with
I only invested a small amount of money initially just to see how it went, now 3 months on everything has been great, I withdrew a small amount of profits and again no problems.
I have no qualms about recommending this company to others
22 May 2024
Unprompted review
Reply from CarinaBot
Dear Kenneth!
Thank you so much for your amazing feedback!
We appreciate your trust in our robot and we'll continue to work hard to ensure your success. If you have any questions or need further assistance, feel free to reach out.
Thank you for choosing CarinaBot!
Cheers!
CarinaBot Team
Must Have AI Trading Bot
Let me introduce you to Carina Bot, not just any trading tool, but a sophisticated software robot that's revolutionizing the way I trade crypto. Utilizing advanced algorithmic trading powered by artificial intelligence (AI), Carina Bot meticulously analyzes market trends and executes trades automatically on my behalf. It's like having a vigilant trading partner who works around the clock.
What really sets Carina Bot apart for me is how it handles my funds. The bot operates directly from my account without ever having access to my money. It’s reassuring to know that I'm not handing over my capital to an investment firm; instead, my money stays mine, securely in my own account.
The payment structure is another huge win. I started with a three-month free trial, which gave me plenty of time to see Carina Bot in action and really understand its impact on my trading strategies. The best part? I only pay for the service if I make a profit. This no-risk payment approach made deciding to try Carina Bot a no-brainer.
Additionally, Carina Bot is incredibly user-friendly. It's designed with beginners in mind, making it super easy to connect to your trading account and start operating. Once set up, it runs completely automatically, which has simplified my trading process immensely and given me back countless hours.
Overall, using Carina Bot has transformed my approach to crypto trading. It’s not just about the profits—though they’ve certainly been great—it’s also about trading smarter, not harder, and feeling secure while doing it. If you're looking to enhance your trading techniques with a reliable, AI-driven assistant, I highly recommend giving Carina Bot a go!
10 May 2024
Unprompted review
Reply from CarinaBot
Dear Warren!
Thank you so much for your amazing feedback!
We appreciate your trust in our robot and we'll continue to work hard to ensure your success. If you have any questions or need further assistance, feel free to reach out.
Thank you for choosing CarinaBot!
Cheers!
CarinaBot Team
For the last 2 months
For the last 2 months, been on demo account, and the truly the bot made amazing profits, I have decided to invest 100usd, to a live trading account and watch it grow. I will come back after 2 months to reply to this review or edit with more experience, but for now am satisfied with its results on demo account.
15 April 2024
Unprompted review
Reply from CarinaBot
Dear Stephen!
Thank you so much for your amazing feedback!
We appreciate your trust in our robot and we'll continue to work hard to ensure your success. If you have any questions or need further assistance, feel free to reach out.
Thank you for choosing CarinaBot!
Cheers!
CarinaBot Team
CarinaBot and Potential Scam Concerns
I recently decided to try out CarinaBot, a service that operates exclusively via Torobase, intrigued by its promise of efficient trading signals. However, my experience has raised several red flags that I feel compelled to share, potentially branding CarinaBot as a risky venture, if not an outright scam.
Upon subscribing to their trial, I was initially impressed with the immediate reception of open and close trade notifications via email. This quick feedback loop seemed promising, but it didn’t take long for the cracks to appear. The most glaring issue I encountered was with the open price for EURUSD trades on Torobase. When compared to other reputable brokers like OANDA and FOREX.COM, I noticed a consistent discrepancy of up to 7 pips in the open prices. It’s worth noting that these other platforms showed identical prices, which starkly contrasted with the figures provided by Torobase.
This discrepancy is particularly concerning because CarinaBot advertises a default profit margin of exactly 7 pips. This leads to a troubling suspicion: the profit CarinaBot claims to generate could simply be a mirage, built on inflated open prices rather than genuine trading acumen. Such a setup would mean that users might not be gaining real value from the service but could instead be caught in a scheme designed to create the illusion of profitability.
Moreover, the exclusive operation of CarinaBot over Torobase raises additional questions. The lack of interoperability with more established and transparent brokers could be a deliberate choice to mask the price discrepancies and prevent users from easily spotting the potential manipulation.
While I cannot definitively label CarinaBot as a scam without further evidence, these observations are deeply troubling. The potential for deceit, combined with the critical issue of price discrepancy, suggests that users approach CarinaBot with extreme caution. Potential subscribers should thoroughly research and consider the risks before committing to this service.
16 March 2024
Unprompted review
Reply from CarinaBot
It's important to address several points in your review that seem to be based on speculation rather than a comprehensive understanding of our robot
Firstly, your negative review appears to be solely based on speculation rather than any real experience with our robot. You are making assumptions and accusations without having utilized our bot or provided any trading results. We kindly request that you refrain from making comments about our robot when you lack any experience with it.
If you have actively used our robot and encountered issues or concerns, we encourage you to share your trading account statement here. We are more than happy to assist you publicly and transparently on Trustpilot to address any legitimate issues.
Regarding the discrepancy in prices between Torobase and other platforms, it's crucial to understand that variations in prices are common in the forex trading world. This occurs due to factors such as market changes, different liquidity sources, and the specific features of each trading platform. Torobase utilizes its own unique proprietary trading platform, which features proprietary trading engines and a hybrid mix of liquidity sources. These differences in technology and liquidity sources can naturally lead to variations in prices compared to other brokers.
Additionally, it's important to note that CarinaBot currently operates exclusively with Torobase due to its use of advanced trading technology. CarinaBot requires a broker with Open API / RESTful API trading technology to perform its complex calculations in real-time. While we understand this limitation may not be ideal for some users, it ensures that our robot operates with the highest level of professionalism and efficiency.
We also offer a free 3-month trial to everyone interested in trying out our service. This allows users to experience CarinaBot firsthand and form their own independent, realistic opinions. We encourage potential subscribers to take advantage of this trial period to evaluate our robot's performance and suitability for their trading needs.
In conclusion, we take all feedback seriously and are committed to addressing any legitimate concerns or issues our users may encounter. However, we urge reviewers to base their assessments on actual experience and facts rather than unfounded speculation.
Thank you for your attention, and we remain dedicated to providing a reliable and transparent trading robot.
Cheers!
CarinaBot Team
Works fine until now…
I’m using CarinaBot on 2 different accounts, one I’ve programmed in ether and the second in usdt (which I recommend),
So far everything works fine and I’ve been able to withdraw all the funds I had on one of the account… I’ll see with the other one.
I might update this review in the future…
Only reason I gave 4 stars and not 5 is because the only broker they work with is Torobase which doesn’t look the safest imo…
14 March 2024
Unprompted review
Reply from CarinaBot
Dear Michael!
Thank you so much for your amazing feedback!
We appreciate your trust in our robot and we'll continue to work hard to ensure your success. If you have any questions or need further assistance, feel free to reach out.
Thank you for choosing CarinaBot!
Cheers!
CarinaBot Team
Dear trustpilot- what is going on here with CarinaBOT- are you practising due diligence with you reviews?
Dear trustpilot, after your glowing posted reviews, I deposited required funds, with transaction evidence from my account that this is the case, yet no funds received days later, utterly unhelpful from dear Carina, emails suppled from CBOT to contact torobase not working, we all have to accept sunk costs of $100 time to time but what’s going on here? , if I don’t see my review posted I’ll understand and just move on, Regards Vinod Dabas (person not running an alternate scam bot so no ulterior motive in posting) Thank you
11 March 2024
Unprompted review
Reply from CarinaBot
First of all, CarinaBot is just an automated trading robot and it does not receive your deposits at all.
Secondly: Regarding your delayed deposit from Coinbase to your Torobase account, you need to contact the Torobase support team. They will manually verify and complete the transaction for you. It's a standard procedure that some deposits require manual verification. You only need to contact the support, which you didn't do at all.
Next time, please try to think first and try to reach out the support first, before making baseless claims. Every problem can be solved, and some transactions require verification, which you would know if you at least tried to contact the support and asked for an assistance.
Contact the support and ask for the assistance and the problem can be very easily and quickly solved!
Cheers!
CarinaBot Team
Free or not?
Free or not?
The emails i have recieved from you everytime i see this written "Try First 3 Months For Free".
But when i register and log in thgen i'm sorry but i don't see anywhere the "free" you mention. Specifically asks to deposit $100 in order to go to a live trade. So can you please explain us why you say first month free since it is not?
9 March 2024
Unprompted review
Reply from CarinaBot
Let us clarify the situation.
The first three months of using CarinaBot are indeed free of charge. During this initial period, you have the opportunity to test and experience the benefits of CarinaBot's trading strategy without any fees. However, in order to start trading on a live account, a minimum deposit of $100 is required. This deposit is not a fee for using CarinaBot. You just need to have some funds in your Live trading account with which the bot can trade. If you don't want to trade with your real funds, you can set CarinaBot to trade on your demo account instead, and the bot will trade for free for 3 months using your demo money. It's your own free choice whether you want the robot to trade with your real $100 or with demo money instead. You can choose whichever option you prefer.
In summary, offering three months for free means that you can use our robot without charge for that duration. However, it doesn't mean we'll put money into your trading account. You need to trade with your own money. If you don't want to, you can trade with demo money, and you will still be able to use the robot for free.
We hope this clears up any confusion.
Cheers!
CarinaBot Team
It says we remove fake reviews
It says we remove fake reviews. This is not true, you remove reviews as you please regardless. I posted two reviews here, and they were removed only because you did not have a reply to what was said. There is nothing fake about me, I am willing to give my full name, my address and phone number to anyone who is genuine and proper authority.
There is a post that someone put 100 USDC and and 2/3 weeks turned into 250 USDC? How is this possible? where we know that Carina bot only gives 3.9% a month??
And Carina bot replied as nothing wrong with the post.
1 March 2024
Unprompted review
Reply from CarinaBot
Dear Giovanni!
Thank you so much for your amazing feedback!
We appreciate your trust in our robot and we'll continue to work hard to ensure your success. If you have any questions or need further assistance, feel free to reach out.
Thank you for choosing CarinaBot!
Cheers!
CarinaBot Team
Works for me!
This system has ups and downs but after 3 months, it's up about 9% overall for me so far.
15 February 2024
Unprompted review
Reply from CarinaBot
Dear Jon!
Thank you so much for your amazing feedback!
We appreciate your trust in our robot and we'll continue to work hard to ensure your success. If you have any questions or need further assistance, feel free to reach out.
Thank you for choosing CarinaBot!
Cheers!
CarinaBot Team
Consistent profit every month
CarinaBot has been an absolute game-changer for me! I've tried various trading bots in the past, but none have provided the consistent profits that CarinaBot has delivered month after month. The algorithms and strategies employed by CarinaBot are truly top-notch, resulting in a steady stream of income. If you're looking for a reliable and profitable trading assistant, I highly recommend giving CarinaBot a try. You won't be disappointed!
9 February 2024
Unprompted review
Reply from CarinaBot
Dear Jose!
Thank you so much for your amazing feedback!
We appreciate your trust in our robot and we'll continue to work hard to ensure your success. If you have any questions or need further assistance, feel free to reach out.
Thank you for choosing CarinaBot!
Cheers!
CarinaBot Team
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