Oil Profit Review 2021 – Is this Trading System a Scam?

Oil Profit is an automated trading system for oil CFDs trading.  The system is driven by Artificial Intelligence (AI) to speculate on oil on behalf of users.

Oil Profit users reportedly earn up to 80% in daily profits. A deposit of as little as $250 could earn you up to $800 daily within a few days of compounding the profits.

You can reportedly compound at least 40% of the daily profits to grow your account into fortunes within months of trading. Some users claim-making insane profits of up to $1 million within months of using Oil Profit. But is Oil Profit trustworthy, and is there any proof of its profitability?

Rigorous background checks on this platform show that it’s indeed legit. It could also be profitable given the great reviews from clients.  We will look at the details keenly in this review to help you decide if Oil Profit is worth your time and money.

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What is Oil Profit?

Oil Profit is simply a platform where ordinary people make money out of automated oil trading. The platform applies top automated trading technologies such as Artificial Intelligence (AI) to conduct trading research and place orders.

Oil Profit trades oil through the Contract for Difference (CFD) derivatives. Simply put, the platform speculates on the ups and downs of oil. Tradable oil comes in different forms, including futures, forwards, and options contracts.

You don’t need to master the technical language since Oil Profit does everything for you. The only thing you need to do is sign up, and the robot will do the rest for you. Signing up with Oil Profit is free, but the signup slots aren’t always available.

You need to bookmark their website and keep checking for slots if not lucky on the first attempt. Oil Profit is top-rated on most review sites, with most experts claiming that it’s the best tool for making money in 2021.

This trading system has entered into a partnership with the best of brokers as its link to liquidity providers. Trading robots mostly operate through brokers since they do not connect with liquidity providers directly.

Moreover, they rely on the brokers to take deposits from the public. Only firms registered as financial institutions are allowed to take deposits from the public. Oil Profit relies on its partner brokers to take deposits from the public.

How does Oil Profit work?

As mentioned above, Oil Profit is a computer program for automated oil trading. Trading automation involves an intelligent trading platform conducting research and placing bets on a given asset.

The growth of AI has propelled automation to heights in most industries. In finance, AI-powered computer programs are conducting both investment and trading functions.

The difference between investment and trading is that the latter is for the short-term while the former is long-term. Long term investing systems are known as robo-advisors, while day trading computer programs are known as trading apps.

Investment apps such as Betterment, Accenture, and Robinhood are good examples of robo-advisors. These are only available in a few countries and aren’t as profitable as trading apps.

There are tens of thousands of trading apps in the market today. The majority claims to offer stock, forex, and commodities, but only a few are worth trying. Oil Profit is arguably one of the most popular commodities trading apps.

As mentioned earlier, this trading system offers fully automated oil trading services. This means that no technical trading input is needed to run this trading bot.

Advantages of using Oil Profit

There are numerous benefits of using Oil Profit for both beginner and expert traders. These benefits are elaborated on below.

• Oil Profit reportedly offers a lucrative and less risky way to trade oil. The robot derives its trading signals from big data analysis. Oil Profit can analyze and glean trading signals from large data sets within a fraction of a second.
• This trading bot is said to be ten times more profitable than the world’s best commodities trader. The robot is said to generate daily profits of up to 90% in highly volatile oil markets. It’s equipped with advanced technologies to detect and capitalize on volatility.
• Oil Profit makes the entire oil trading process easy for the complete beginner. As stated above, all trading is automated. You are only required to register, fund your account, set risk control tools and click the live button.
• We have tested Oil Profit safety features and concluded that they are adequate. These features include 128-bit encryption, having a standby cyber response team, and fully complying with the GDPR. Only a few firms have managed to attain the GDPR compliance badge.
• You have a 100% guarantee of the safety of your money with this trading platform. This is because it operates through reputable and well-regulated brokers. Regulated brokers must adhere to strict transparency measures and, therefore, cannot engage in fraudulent activities.

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Oil Profit Popularity Score

We rate Oil Profit extremely well on popularity. This trading platform has received great reviews from tens of thousands of clients.

There are over three thousand Oil Profit reviews on TrustPilot alone. Amazingly, the trading bot has a score of 4.7/5. This means that at least 95% of the reviewers give it a 5-star rating. We conclude the same after analyzing Oil Profit Reddit threads.

This trading system is also a hot subject for expert reviews. It’s reviewed in nearly all high traffic crypto publications and some mainstream publications. We have also stumbled upon claims that it has been discussed on top mainstream TV programs in Australia and Canada.

Oil Profit popularity makes it highly prone to gossip and fake news. Scammers seem to be using the false rumours explained below to divert web traffic to cloned websites.

Oil Profit and Amazon

Amazon is a multinational technology company founded and headquartered in Seattle, Washington.

Some gossip blogs claim that Oil Profit is a brand name of Amazon. However, this is false. Oil Profit is owned and operated by Oil Profit Limited.

Oil Profit is reportedly a technology company registered in the UK and offices in over ten cities across the EU, North America, and Australia.

Oil Profit UK in the Dragons Den

There are rumours that Oil Profit UK secured millions of dollars in funding through the Dragons Den reality TV show.

The Dragons Den is a reality TV program aired on the BBC and featuring top angel investors such as Peter Jones and Kevin O’Leary.

We have gone through all the episodes and didn’t find any Oil Profit appearance. The rumours are, therefore, false and should be ignored. We have followed the links from the posts making these claims and determined that they do not lead to the official Oil profit website.

Follow this link to visit the official Oil Profit website.

How to trade with Oil Profit

Now that we know that Oil Profit is safe and could be profitable let us look at the steps to getting started with it.

1.  Visit the official Oil Profit site signup for free. Verify your account via the linked robot broker.
2. Fund your Oil Profit trading account via the assigned broker. The minimum you can trade with is USD250.
3. Watch the Oil Profit introduction video and set your trading account as instructed.
4. Start trading with Oil Profit by clicking the live trading button. Oil Profit seems to work best when left to run from 8:00 AM to 4:00 PM EDT.

Is Oil Profit a scam? The Verdict!

We have done all the necessary tests on Oil Profit and concluded that it’s worth a try. This trading system seems highly profitable given the many positive user reviews.

Oil Profit offers a highly transparent trading ecosystem powered by the best robot brokers in the industry.

You do not need any trading background to make the supposed profits with this trading. Sign up with Oil Profit, fund your account, and start trading.

Do not forget about the risks present in crypto trading and only trade with what you can afford to forego.

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FAQs

How do I download the Oil Profit app?

The Oil Profit is available for free download after sign up. Scroll to the bottom of the welcome email and download the app by clicking the provided link. Please note that Oil Profit only offers a mobile app.

How much do I pay for Oil Profit?

You don’t pay any fees to sign up with Oil Profit. Only a 2% commission will be deducted from profits earned through the bot. You won’t pay a dime until you are profitable.

Is Oil Profit worth an investment?

We have analyzed thousands of Oil Profit reviews, and it seems that this bot is worth its salt. You can reportedly gain insane wealth within a short time of trading with it.

How many hours do I trade daily?

Let the Oil Profit system trade for up to 8 hours each day without any interruption. Trading is automated, and therefore you can continue with other activities as the robot trades for you.