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Company details

  1. Software Company
  2. Alternative Financial Service
  3. Cryptocurrency Service
  4. Investment Service
  5. Software Vendor

Written by the company

Trade smarter with Cerberex Algo Trading - where next-generation AI solutions and visualizations meet automated trading at its finest. Join the future of trading with Cerberex Algo Trading's advanced AI solutions and visualizations for automated trading like never before. Trust the power of next-gen AI solutions and visualizations from Cerberex Algo Trading for smarter automated trading, and take control of your financial future. Invest in the future of trading with Cerberex Algo Trading's cutting-edge AI solutions and visualizations, designed to revolutionize automated trading and maximize your returns.


Contact info

2.4

Poor

TrustScore 2.5 out of 5

10 reviews

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Rated 1 out of 5 stars

cerberex algo trading scam

so i signed up with this company by referral from somebody i trusted at the time, started with 10k, first week was great! made 60% in one week, amazing, second week blew the account, they asked to put more funds in the account, made an excuse about the news and that i had a small account it couldnt handle it, even though i asked them to go conservative, anyways at the time i was trusting this company and sent another 10k, but then there was an issue with disabled payments and withdrawls. short story is after i sent second payment i never heard from them again, manager would not get back to me and i was blocked on their LINE chat and there was no sign of the funds anywhere. the lesson here is dont trust a stranger with your hard earned cash

October 30, 2024
Unprompted review
Rated 1 out of 5 stars

!!Please read before subscribing to cerberex!!

Cerberex promise large returns quickly and they can do it, However my experience was that they don't monitor drawdowns correctly, i bought an 100k aggressive FTMO as recommended by them, within 2 days they had reached 50% drawdown, they then slowly recovered the account over a period of a week then ceased trading completely for 2 weeks at this point we were back where we started. the following week they blew the account with maximum drawdown. Obviously I Wasn't happy and explained that if they re-embursed my original fee i would give them another chance and pay for another FTMO account. They unfortunately refused.
My advise is if you do decide to use them start small

June 1, 2023
Unprompted review
Rated 1 out of 5 stars

Unreliable Management

Cerberex is undeniably an interesting trading system, unfortunately, once you have enrolled in their monthly subscription their management is erratic and careless. Sometimes they will stop the Algo at their discretion which doesn't add value to their service: They argued with me saying that they were taken preventive measures but the Algo touched SL twice within the span of a month. Even when I explicitly tell them to turn off the SL setting and took a conservative approach with an initial lot size of 0.03, they decided to let it turned on, I guess because they have nothing to lose and they might even earn money when you lose with their broker of choice through their affiliate program. I clearly tell them to set my Algo SL off and their negligence explains the "careless" part in my previous comment. Besides that, you will soon realize that they will end up making more money than you, due to the weekly profit split, but there is nothing like a loss split. In any case, this is just my personal experience and the EA has great potential if weren't for their idiosyncratic management.

July 27, 2023
Unprompted review
Cerberex logo

Reply from Cerberex

Thank you for the Trustpilot reviews Mrs Yi-Ting. We have replied as the following.
Concerns About Your Cerberex Experience Dear William Cruz, I hope this email finds you well. Thank you for taking the time to share your thoughts and experiences with us. We genuinely value your feedback, and we are here to address your concerns with utmost sincerity. First and foremost, we apologize for any inconvenience you may have encountered during your time with Cerberex. We understand how important it is to have a seamless and reliable trading experience, and we regret any instances where our management fell short of your expectations. Regarding the Algo being stopped at our discretion, we assure you that our aim is always to enhance the performance and security of the system, on the second note we had USDJPY BUY BACK of JAPAN GOVERNMENT as NEWS in JULY when you subscribed. You may ask any experienced trader regarding this period if it would be wise to trade or not and you will see the results.

We even offered you to trade at your own risk where you hesitated to do so, at the end YES we did have 2 times of a stop-loss where we clearly had instructions from your side as well to have a stop-loss in place when you were offered a trial of over a month. And at the first stop-loss, we even recovered the 30% loss within 4 trading days. While we do take preventive measures, we acknowledge that there have been instances where the Algo touched the stop loss (SL) despite our efforts. We apologize for any frustration this may have caused, and we will continue to work diligently to improve our risk management strategies. We do not acknowledge your explicit request to turn off the SL setting and utilize a conservative approach as we have many communications with you respectfully to have a stop-loss in place with an initial lot size of 0.03. It seems there might have been a miscommunication on your end.

Whatever the results we deeply apologize for not being able to meet your expectations. Rest assured, we value your preferences, and we will ensure better communication moving forward. Regarding the exchange affiliate program, we want to clarify that we are committed to providing a transparent and fair trading environment. Our intention is never to profit from our customers' losses. We apologize if this aspect of our service left you with any doubts. Your success is our success, and we are dedicated to supporting you throughout your trading journey, and for this reason, we have a profit share system in place, without you profiting, we do not profit. And for the clients that read this we want to make clear that we even did not charge you a profit split on your 3rd week so that you can clear a profit and continue with us, we just thought of it to be fair with you and your respective wife after all we communicated with your wife and were told several times not to trade in this daring moments. However, you insisted on trading where we resulted in a stop-loss.
We understand your concerns about the weekly profit split and the absence of a loss split. We will take this feedback into consideration as we continue to improve and refine our offerings. Your satisfaction is of the utmost importance to us, and we are constantly looking for ways to better serve you. Please know that we appreciate your trust in Cerberex and your belief in the great potential of our system. We are committed to continuously enhancing our platform and management practices to deliver a top-notch experience to all our valued users. If there's anything specific you would like to discuss further or if you need any assistance, please don't hesitate to reach out to our dedicated customer support team. We are here to listen and help in any way we can. Thank you once again for sharing your experience with us. Your feedback is invaluable, and we look forward to earning back your trust and providing you with an exceptional trading experience. Warmest regards, The Cerberex Team

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