Could someone go to jail?

There is nothing illegal about forex/crypto/cfd autotraders.
As long as you don't promote illegal businesses, scams or ponzi schemes,
there's nothing to be worried about.
Unless you don't pay your taxes on your profits, but that's another problem.
 
As long as it IS NOT FRAUD, you are OK.

Understand that HYIP programs are known ponzi schemes so stay away from them.

And remember that fraud has no statute of limitations.

But as long as it is just a promotion and NOT your program you should be OK.

Sincerely,

TheEye
 
Tradebots are all over the place. Banks use them, regular people use them, even exchanges use them.

Nothing illegal there unless your bot is stealing from customers somehow.

Some cryptocurrency trading and mining bots are suspicious because there's no source code. Watch out for those. They may take a % of every trade and transaction. I know one such case with a miner program.
 
Thank you all for the responses, I am talking about those so-called trading softwares like Bitcoin Code, Aussie System, FX CoinBot, ETC, not sure if I can paste any link here, but if you look on the web you will know what I mean. I hear many people is using cloakers to promote them on FB as BH obviously and seems like a very profitable niche. Just wondering what are the risk when getting those sales. Thank in advance :)
 
Back
Top