Review: Pros and Con
This Royal Q trading robot review won’t be completed if I fail to mention its pros and cons. So have a look at both the bad side and good side of trading with robots generally.
Pros
Below are the good things you can expect while trading crypto currency with robots.
- Trades 24/7 nonstop
- Funds are safe on the exchange website
- You can easily trade without emotions
- Simplified trading
- Efficient trading
Con
Below are the bad sides of using robots to trade crypto currency on your behalf and what you should be aware of.
- Robots are not perfects
- There could be programming errors
- Don’t expect to make money overnight
Frequently Asked Questions
Perhaps you’re still having one or two questions right? Hopefully, I’ll be able to provide answers to them in this section.
These happen to be most of the frequently asked questions about Royal Q. So if you’re having one yourself chances are you’ll find answers to them here.
#1. What is the minimum investment for Royal Q Bot?
The only money that goes to Royal Q is the activation fee which is the $120. 100 for the annual subscription while the remaining 20 is for the gas fuel.
So your trading investment will be deposited on Binance, and the minimum you can use to trade on Binance is $10.
Technically, I could say the minimum investment is $130, but for reasonable returns on your trading capital, I would say anything from 100usd and above.
Making it a totality of $220 to activate the BOT and start trading on Binance. However, the bigger the capital the bigger the returns.
#2. Is Royal Q Robot Scam or Legit?
Royal Q is not a scam. You just need to understand how the platform works. Think about it yourself, the only money that goes to royal q is the annual subscription fee of $100.
And the Robot trades for you 24/7 using funds inside your Binance account.
Your trading capital is safe because they are deposited inside your Binance usdt wallet and Binance happens to be one of the safest crypto exchanges out there.
There are several other popular trading bots that charges as high as $100/month and Royal Q is just $100 a year.
#3. Is Royal Q Compatible with Other Crypto Exchange?
This is part of the limitation that comes with the Royal Q app, currently, you can only trade on Binance and Huobi crypto currency exchange.
But since Binance is one of the most popular exchange sites out there, hardly will you find it difficult to trade with.
#4. Is Royal Q safe, Can I Lose My Money?
Royal Q is practically safe for everybody because the robot only trades spot on Binance and it doesn’t use leveraging.
Basically, the robot just buys when the market is low then sells again when the market is high.
However, in the case of loss, it’s possible due to floating loss. But you should also understand that a floating loss is not actually a real loss until you sell the asset.
Let me explain how it works…
Take for example you bought Litecoin at a $100 value and the coin drops by 30% that means you having a floating loss of $30 until the coin gain back the value.
So if you leave it and let say it comes back in value, there’s no loss but if you sell it inside the floating loss you’ve then incur a real loss.
So YES, you could lose your money.
But mind you, the same thing applies to your crypto asset if you just buy them and leave them to wait inside your wallet with the hope they will grow someday.
So this is just the nature of the crypto market and not because of Royal Q.
#5. Is there Customer Support For Royal Q?
Yes, Royal Q has customer support that works 24/7. For you to contact them, you’ll need to login to your account and click on “Mine” >> “Royal Q FeedBack” to contact support.
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