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ToolsTrades

latest release: 4.0 ( 13th May 2020 ) last analysed  13th October 2021 Not updated in a while 
5 ★★★★★
1
6th March 2018

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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 

(Analysis from Android review)

App Description

From the description:

ToolsTrades, the world’s biggest and most successful trading signals providers. Since founded in 2012, we have been sending our members trading signals for Forex, CFD, Crypto and Stocks trading.

Because this app is meant for providing trading signals, it is not actually a wallet or exchange. While the app states that it offers many services:

From market reviews and the latest news from the financial world, to guides and economic calendars

Holding and managing cryptocurrencies is not one of them.

The App and Verdict

There’s not much to note about the app. There’s no wallet services and you cannot send, receive, or buy bitcoin as it’s meant to provide trading signals.

(dg)

Verdict Explained

This product did not get updated in over a year.

As part of our Methodology, we ask:

Was the product updated during the last year? If not, we tag it Stale! 

Bitcoin wallets are complex products and Bitcoin is a new, advancing technolgy. Projects that don’t get updated in a year are probably not well maintained.

This verdict may not get applied if the provider is active and expresses good reasons for not updating the product.

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.