If you have been looking for cryptocurrency investment solutions that do not require as much input from you as regular trading bots, you may have stumbled upon the name EndoTech.
To help you learn more about the solution, here is a detailed EndoTech review that lets you become familiar with the platform.
⌛ What is EndoTech and How Long Has It Been in Business?
EndoTech is a provider of AI-based trading solutions. According to the company’s website, it was established in 2012 and focuses on building trading services for multiple assets that could serve a variety of audiences. These assets include oil, precious metals, and cryptocurrency.
Unlike operating as traditional trading bots, EndoTech separates itself from the term as much as possible by making its AI algorithms or “algos” the crown jewel of its value proposition. In order to allow new and experienced traders to utilize its solutions, EndoTech offers its automated trading bots or algos through an investment-based strategy.
The investment is fully automated, managed through AI, and built on what EndoTech touts is a “proven strategy track record.” Once you invest your money with EndoTech, you can see the platform’s so-called algos make automated trades on your behalf and work towards delivering profits for your investments.
This is where the difference between typical cryptocurrency trading bots and EndoTech’s algos makes itself prominent. Instead of paying a monthly subscription fee and setting up trading bots by yourself, you agree to pay EndoTech an annual fee as well as the monthly or quarterly percentage of your funds in return for its algorithms managing your investment.
This is a big departure from the model that conventional cryptocurrency trading bots bring to the table. But the contrast gets more stark due to EndoTech’s overall operations.
Where traditional cryptocurrency bots do not have a minimum amount of investment tied to them, EndoTech most certainly does. This threshold starts from thousands of dollars for retail investors and goes above six figures for institutional investors. This makes your investment with EndoTech to become a huge undertaking especially when you compare it to regular cryptocurrency trading bot solutions.
To counter the massive investment factor, EndoTech assures you that when you invest your money with the company, you don’t have to keep tweaking the trading settings to enhance your chances for profit. Instead, the company’s AI algorithms do that job for you. With that being said, EndoTech maintains that you can track results in real-time and quit anytime that you want.
Due to this investment model, you may be intrigued to learn more about the service through a detailed EndoTech review. The following sections dig into various aspects related to the company and provide you with the facts to make an informed decision about choosing the platform.
💡 How Reputable is EndoTech?
According to its website, EndoTech has been operational since 2012. However, it has not broken through the market’s surface to stand out from many other AI-based investment platforms. While EndoTech works with alternative assets and still faces big competition from traditional hedge funds, operating for over a decade in the industry and still being relatively unknown works against its reputation.
While EndoTech has a following of over 2,000 people on Twitter and over 1,500 people on Instagram, those numbers still seem a bit low for a company that is in operation with significant investment plans. But when you barely decide to look past that and consider that EndoTech may suffer from busy investors who don’t use social media, you may have another problem at hand.
Save for a couple of reviews that come from distinct publications, EndoTech has received reviews across the web that are questionable at best. From Trustpilot to SourceForge, the platform does not receive the kind of glowing reviews that it requires when managing huge amounts of money for its clients.
For EndoTech, this type of treatment is littered throughout the web. But even when positive reviews are posted on forums where someone is asking about EndoTech, they seem to come from biased sources. For instance, this inquiry at Quora that is answered by an enthusiastic client for EndoTech seems to link back to a LinkedIn profile that also works for EndoTech as the company’s international sales promoter.
Other reviews tie EndoTech to Daisy AI, which itself has received harsh reviews across the web and earned itself a scathing profile by BehindMLM. All of this paints EndoTech in a bad light and creates red flags for anyone who is looking into the solution or planning to invest their money with it.
Keeping this information in mind, this segment of the EndoTech review asks you to be vigilant while trying to find a home for your investment. Since there are too many issues with the platform to trust it with thousands of dollars of your hard-earned money without a second thought, it is best if you practice caution and consider your decision to invest with EndoTech.
👌 Which Exchanges Does EndoTech Support?
EndoTech supports a total of 5 cryptocurrency exchanges that include:
- Binance.
- Binance.US.
- Bitfinex.
- Gemini.
- Coinbase Pro.
This is also quite perplexing because even though EndoTech lists oil, gold, and silver as the assets that it trades, the only markets that it supports all deal in cryptocurrencies. This once again calls for you to be careful while moving forward with using EndoTech as your primary investment platform.
💰 How Much Does EndoTech Cost?
EndoTech charges a percentage of your investment amount as the subscription fee, while also taking a percentage of your funds as the performance fee.
To explain this further, when you move forward with setting up your account with EndoTech, you have to pay an annual subscription fee that is a percentage of your investment amount.
Similarly, every 1-month or 3-months, you have to pay a performance fee that is based on the high-water mark or the peak of your total investment funds. The frequency of this payout depends upon the strategy that you choose.
Based on this service model, EndoTech offers three different plans that are segmented by investor tiers.
Retail
- 15 percent subscription fee
- 30 percent performance fee
- $50,000 or equivalent funding amount
VIP Retail
- No subscription fee
- 50 percent performance fee
- Minimum 3 strategies at the same time
- $50,000 or equivalent funding amount
Institutional
- $125,000 subscription fee per $5 million
- 25 percent performance fee
This part of the EndoTech review is enough to impress you with the scale that the platform is operating at and how confident it seems to generate profits on your behalf. But this is also where you need to consider the burden of the high percentage of subscription and percentage fees.
You should only proceed further if you are completely confident about the pricing structure and feel comfortable paying out this much amount to the platform.
😎 How Easy to Use is EndoTech?
EndoTech is easy to use because it doesn’t require you to manually manage your cryptocurrency trading bot or copy your trading strategies from a marketplace. Instead, it simply keeps you updated about your funds and your investment’s performance by data visualization and performance reports. This makes EndoTech closer to a hedge fund than a cryptocurrency bot, with the difference being that you remain the custodian of your own funds.
For instance, the setup part of EndoTech investment does not require you to configure complex trading strategies over a trading platform. You simply need to speak to one of the team members at EndoTech to explore your options for possible investments. After you have decided on the specifics, you can move forward with connecting your exchange account to trade your funds via EndoTech.
This requires you to connect your EndoTech account to your exchange account with the usage of application programming interface (API) keys. This is where the process resembles that of a cryptocurrency trading bot, where you have to connect your account and give trading bots permission to trade using API keys. You can then provide these API keys to EndoTech.
By asking you not to give itself withdrawal access to your funds, EndoTech adds to its credibility. This means that the platform can only trade your funds on the designated exchange instead of withdrawing them to a third-party wallet that is not under your control.
After the setup is complete, EndoTech continues to remain easy to use through the aforementioned method of delivering performance reports to you and outlining how your funds are doing under the management of its AI-based algorithms. You can also change your strategies at any time by signing into your EndoTech account and making the required configurations.
This part of the EndoTech review easily establishes the platform as a breeze to use for your cryptocurrency management and investment requirements. In turn, if you are looking for a solution that does not require hands-on management, you might want to look further into what EndoTech can do for you.
🛡️ What Kind of Security is Offered?
EndoTech offers basic security where the platform is hosted on a secure server that is encrypted through TLS/HTTPS. This encryption means that when you enter your email address and password as login credentials on the platform, the information is encrypted and made unrecognizable to hackers who might attack your computer or the EndoTech website itself. This adds a layer of security that can help secure you against malicious parties.
Besides this foundational security, EndoTech also connects to your exchange account through API keys instead of a direct submission of your exchange’s login credentials. This ensures that the platform does not have full control over your funds and can only trade them on your behalf over your designated exchange.
EndoTech does not highlight if it uses two-factor authentication (2FA) or multi-factor authentication (MFA) for you to create and access your account on the platform. But seeing that it does use your personal and financial information, you may need to check the availability of this requirement before you invest your funds with it.
Since EndoTech does not get installed as software and remains accessible through the web, your funds can remain more secure in the event that your personal computer gets hacked by bad actors.
This segment of the EndoTech review establishes that the platform remains quite adept in adding different types of security mechanisms to protect your funds. This makes it similar to many other cryptocurrency trading bots that are currently operating in the market.
👨💻 How Good is EndoTech Customer Support?
EndoTech customer support is available through an email ticketing system. The company vows to answer every email within 48 hours, while also being available 24/7 to help its customers.
However, the reviews on the web that speak unfavorably of EndoTech beg to differ about the proactiveness of the customer support team. This requires you to be quite careful when choosing EndoTech as your primary trading platform that also holds a significant amount of your money for your investment strategies.
💸 How Profitable is EndoTech?
EndoTech claims that over the last 3 years, it has maintained results of generating over 165 percent more Bitcoin and 350 percent more USD for its investors for every 12 months. This is not a small estimate to make, but EndoTech stands by it as a part of proving its strategy’s overall efficiency.
But that’s where you need to remember that cryptocurrency is a highly volatile market where you cannot predict how much profit a service can generate for you. That is why, EndoTech highlights these remarkable figures as historical results and not as future predictions. By understanding this difference, you can steer clear of conjuring unrealistic expectations for your investment’s overall return.
✅ Is EndoTech Legit or Scam?
EndoTech does not have great reviews from third parties and also has some red flags in terms of its overall operations. Whenever you look at an EndoTech review that dives deep into these aspects, you can determine that there are quite a few aspects of the company that need your attention.
To add to these issues, EndoTech states in clear terms that any fees paid to the company will not be refunded except for certain cases, such as where you have not activated a single strategy after starting your subscription. Since this disclaimer is available on the company’s FAQ page for anyone to see, its prominence makes a refund claim difficult to the point of impossible.
Keeping this in mind, ensure that you are proceeding with caution and only choosing the platform after considering every aspect of its strategy, approach, and operations.
📢 Conclusion
Overall, getting a deep dive into the EndoTech review highlights that the platform definitely has an interesting proposition, but it is also associated with quite a few problems that call for your attention. By considering all the associated factors, you can determine if EndoTech is the right solution for you.
Since the platform does not offer a free trial, only has regularly generated reports on social media to show off its results, and requires a whopping amount for you to get started, you must take your time to consider it as your go-to investment management solution.