Many trading bots are not transparent with their algorithms, leading to potential loss.Bots should be used as tools based on your own strategies to assist in trading.Those profiting from trading bots include the bot service, exchanges, and affiliate influencers.Promises of AI-powered bots and guaranteed passive income often fall short in reality.Popular crypto bot platforms profit from users through subscriptions and exchange kickbacks.Some trading bot platforms manipulate Trustpilot ratings to appear more credible.Real trading bots used by professionals are not shared with retail traders at low costs.Legitimate trading bots should charge based on profit, not fixed monthly fees, and offer transparency.Seek sustainable returns and low risk rather than chasing unrealistic ROI promises.Spotting a legit trading bot requires understanding its charging model and promises of realistic returns.