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ArgoTrade

Latest release: 1.10.0 ( 10th January 2023 ) 🔍 Last analysed 14th July 2022 . Can't send or receive bitcoins
50 thousand
16th October 2020

The product can't send or receive BTC.

As part of our Methodology, we ask:

Can it send and receive bitcoins?

If the answer is "no", we mark it as "Can't send or receive bitcoins".

If it is for holding BTC but you can’t actually send or receive them with this product then it doesn’t function like a wallet for BTC but you might still be using it to hold your bitcoins with the intention to convert back to fiat when you “cash out”.

All products in this category are custodial and thus funds are at the mercy of the provider.

The product cannot be independently verified. If the provider puts your funds at risk on purpose or by accident, you will probably not know about the issue before people start losing money. If the provider is more criminally inclined he might have collected all the backups of all the wallets, ready to be emptied at the press of a button. The product might have a formidable track record but out of distress or change in management turns out to be evil from some point on, with nobody outside ever knowing before it is too late.

Do your own research!

Try out searching for "lost bitcoins", "stole my money" or "scammers" together with the wallet's name, even if you think the wallet is generally trustworthy. For all the bigger wallets you will find accusations. Make sure you understand why they were made and if you are comfortable with the provider's reaction.

If you find something we should include, you can create an issue or edit this analysis yourself and create a merge request for your changes.

The Analysis 

From the app’s description:

ArgoTrade mobile app is built to robust standards, keeping the markets open for traders on the go and providing access to +2100 of the most coveted assets on the global market.

All this through the high-tech and yet simple to use WebTrader platform that incorporates deposit and withdrawal facilities and 1-click execution on all trades.

Select from 7 asset classes – Forex, Crypto, Stocks, commodities, bonds, ETFs, indices – and choose your favorite.

This app advertises CFD trading. Upon installing the app, there’s no indication that it offers a bitcoin wallet.

(dg)