Score

1.15 /10
Danger

Rootie Technology

Canada

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Exposure

Time Machine
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Score

Regulatory Index0.00

Business Index4.26

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Rootie Technology · Company summary
Aspect Information
Company Name Rootie Technology
Registered Country/Area China
Founded Year 2022
Regulation Unregulated
Trading Platforms GetPhyco Trader
Tradable Assets CFDs
Account Types N/A
Demo Account N/A
Customer Support Email at info@rootie.io

What is Rootie Technology?

Rootie Technology, specializes in two main areas.

Firstly, they offer autonomous facility management solutions, utilizing robots equipped with AI and algorithms to autonomously inspect, monitor, and even conduct maintenance tasks in commercial facilities, promising cost reduction and efficiency improvement for facility managers.

Secondly, they provide an AI-powered trading application named GetPhyco Trader, tailored for CFD trading, which leverages AI to help users comprehend market trends and potentially generate profits, although the inherent risks of CFD trading necessitate thorough research before using the platform.

What is Rootie Technology?
  1. Pros & Cons

Pros Cons
AI-powered assistance for CFD trading Unclear platform functionalities and interface
Unregulated platform raises security concerns
Limited information available online

Pros

  • AI-powered assistance for CFD trading: This can be appealing to new or inexperienced traders, as the platform might use algorithms to analyze market trends and suggest trades, potentially helping users make more informed decisions.

Cons

  • Unclear platform functionalities and interface: Without a clear understanding of how the platform works, including how to place orders, manage risk, and navigate the interface, it can be difficult to use effectively and increase the risk of making mistakes.

  • Unregulated platform raises security concerns: A lack of regulatory oversight raises concerns about the safety of your funds and the overall legitimacy of the platform. Regulated platforms are required to meet certain standards and provide investor protection measures.

  • Limited information available online: The lack of information online makes it difficult to assess the platform's credibility, track record, and user experiences.

Trading Platform

GetPhyco Trader, Rootie Technology's trading platform, offers AI-powered assistance, leveraging algorithms to analyze market trends and potentially offer trade suggestions.

The platform is specialized for CFD (Contracts for Difference) trading, providing users with opportunities to speculate on price movements without owning the underlying asset. it's plausible that GetPhyco Trader includes both a web-based interface accessible via computer browsers and a mobile application for convenient trading on smartphones or tablets.

Warning

While Rootie Technology's AI-powered assistance for CFD trading might sound appealing, proceed with extreme caution. The platform's functionalities and security are unclear due to a lack of regulation. Consider using established and well-regulated brokers for CFD trading to avoid potential financial losses.

Customer Service

Rootie Technology provides customer support primarily through email communication. Customers can reach out to the company's customer service team by sending an email to info@rootie.io.

Conclusion

In conclusion, Rootie Technology exhibits promising ventures in autonomous facility management and AI-powered trading through GetPhyco Trader. While the AI-powered assistance in CFD trading offers potential advantages for users seeking market insights, the platform's unclear functionalities, lack of regulation, and limited online presence pose significant disadvantages. Despite providing customer support via email, the platform's reliability and security remain uncertain.

Frequently Asked Questions (FAQs)

Q: Are there any safer alternatives to GetPhyco Trader?

A: Several well-established and well-regulated brokers offer CFD trading platforms. These platforms typically prioritize transparency, security, and educational resources for traders.

Q: Where can I learn more about safe CFD trading practices?

A: Reputable financial websites and regulatory bodies often provide educational resources for CFD trading and responsible investment practices.

User Reviews

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User comment

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Comments

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Sunnar
more than one year
Rootie Technology has a lot of different things you can trade, which is cool. And the fact that they're regulated means you can trade with confidence. Overall, it's a solid platform.
Rootie Technology has a lot of different things you can trade, which is cool. And the fact that they're regulated means you can trade with confidence. Overall, it's a solid platform.
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2024-07-10 18:35
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Aoi M., Oita
more than one year
Withdrawals takes longer than it should, and the process is not as smooth as I'd like it to be.👎👎👎
Withdrawals takes longer than it should, and the process is not as smooth as I'd like it to be.👎👎👎
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2024-06-28 15:57
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