Oil Profit Review

Oil Profit Review – Scam or Legit?

Last Updated: August 14, 2023

When it comes to trading oil and other commodities, there are a few platforms out there that offer this service. Meanwhile, not all of them are made equal. In this Oil Profit review, I will look at the platform’s features and benefits to see if it is worth your money and time.

Oil Profit is an automated trading software that allows users to buy and sell contracts on the price of oil and other commodities. It has devised an automated trading system for oil, crypto, and other financial assets. This means that you can set it up to make trades on your behalf based on specific parameters. Or, you can enable live trading and let the bot do all the work for you.

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One of the advantages of using Oil Profit is that it pairs with various brokers who hold your deposits and profits. This includes an extra layer of security, as the platform does not keep your money. In addition, the platform is easy to use and navigate, even for those who are new to trading.

What Is Oil Profit?

Oil Profit is a reliable trading platform that empowers interested traders to trade oil commodities from anywhere, be it the comfort of their homes or workspaces, irrespective of location. They only need a computer and a reliable internet connection to start buying and selling on the website profitably and effectively.

You can keep an eye on the oil markets concurrently through their trusted associated brokers and engage in crude oil futures trading and options contracts. Oil Profit allows you to trade various commodities, assets, and currencies. The Oil Profit trading platform, contrary to the majority of its competitors, the Oil Profit registration process does not include any fees.

The only fee associated with the free trading system is a 2% commission on profitable trades by the trader. You won’t be required to incur any fees until your trading operation becomes profitable. Oil Profit robot uses artificial intelligence for trading and arbitrage.

It is possible to perceive and trade price inconsistencies on many major exchanges using the Oil Profit website. Moreover, the trading bot can place over 20 profitable arbitrage trades per minute.

Oil Profit summary.

• Claimed Win Rate: 90%.
• Official Oil Profit Website: https://oil-profits.com
• Assets: Oil, Commodities, Cryptocurrencies.
• Fiat Supported: USD, GBP, EUR.
• Scam or Legit: Legit.
• Minimum Deposit: $250.
• Fees and Commission: Zero.
• Regulations: CySEC Regulated Brokers.
• Demo Account: Available.
• Deposit and Withdrawal Fees: Zero.
• Withdrawal Timeframe: 24 Hours.
• Mobile Application: Available.
• Customer Support: Web form, Email, Phone.
• Trading, Account, Software Fees: Zero.
• Trading Speed: 20 Trades/Minute.
• Verification: Yes, KYC.

Who is The Founder of Oil Profit?

The brains behind the establishment of Oil Profit are unknown. Their choice to be anonymous is not news in the cryptocurrency industry as such project founders often prefer to hide their faces and identities for security and privacy reasons.

However, I heard about these creators that they are probably a team of highly trained developers, financial traders, statisticians, and mathematicians whose trading experience and software skills have inspired them to develop Oil Profit and carter for the teeming audience.

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They have been doing their best day and night to ensure that traders worldwide have access to a reliable and user-friendly trading platform that can help them make money from the comfort of their homes.

The team of developers who created Oil Profit has also worked hard to create a platform that is straightforward and navigate, even for those who are new to trading. In addition, the platform boast of its native Oil Profit app, which makes it accessible from any device with an internet connection.

How Does Oil Profit Work?

Oil Profit is a web-based trading platform that uses machine learning and artificial intelligence technology to study large pricing data sets, monitor trends, speculate the best buy and sell moments, and execute oil, crypto, option, and commodity trades on behalf of its users.

The trading robot connects to a 3rd-party broker and transfers trade instructions through their trading terminal. For instance, at an appropriate price point, the software will communicate instructions to the broker to buy an asset(i.e., Bitcoin) and direct another to sell when the price appreciates to a predetermined amount.

Oil Profit works with regulated brokers to stop losses, take profit measures, and access trader funds. Once established, Oil Profit would run in the background unrestricted, making the trading process a semi-passive income stream.

To protect investors, Oil Profit doesn’t store its users’ funds. Rather, it partners with reputable 3rd-party brokers to administer funds. The CySEC(Cyprus Securities Exchange Commission) regulates these professional brokers to ensure investments are in a regulated environment.

The platform is easy navigate, even for those who are new to trading. It is also claimed to have a high success rate, with some users reporting profits of up to 90%. Oil Profit is available in over 150 countries and supports multiple languages, including English, Spanish, French, Italian, Portuguese, and Russian.

Assets and Products That You Can Trade on Oil Profit.

Oil Profit’s master plan was developed to function with crude oil trading and other energy markets. However, Oil Profit was later extended to accommodate the crypto market since the blueprint works for Bitcoin, Ethereum, Cardano, Tether, and other cryptocurrencies. Below is a rundown of the assets you can trade with the Oil Profit automated trading robot.

1. Crude oil
2. Natural gas
3. Cryptocurrencies
4. Commodities
5. Options

Oil Profit Pros and Cons.

Pros.

1. Oil Profit offers one of the industry’s best success rates (90%), especially compared to others.
2. The Oil Profit interface is user-friendly, with straightforward registration and verification process.
3. Manual and automated trading modes are available for users of different trading experiences.
4. The demo account is available for newbies and experts who want to practice a particular trading strategy.
5. Users can quickly contact customer support which is available 24-7.
6. Oil Profit is an entirely free automated trading robot with no hidden costs.
7. Oil Profit’s regulated Brokers are reputable and trustworthy.

Cons.

1. $250 Minimum working capital may be a barrier for many.
2. The withdrawal timeframe may extend to 48-hour, which makes it slower than other bots.

The Cost of Oil Profit.

Oil Profit is free automated trading software. There are no monthly subscriptions or hidden fees. You only need to deposit the minimum amount your chosen broker requires to begin trading.

Although setting up an Oil Profit trading account is free, but you cannot use any of its algorithmic technologies for trading until you have committed a minimum deposit of $250 into the platform.

Oil Profit has collaborated with several other auto trading bots and uses crude oil trading strategies via those brokers. These brokers usually charge a commission or fee per successful trade. This is usually not more than 2% per trade, but it has a snowball effect and increases over time when you start generating higher profits using the Oil Profit account to place more trades.

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Oil Profit Key Features.

Based on the experience I’m sharing in this Oil Profit review, the platform appears flawless for traders who don’t have time to analyze and make profitable trades. Let me take you through some of the Oil Profit key features; they include:

Customer Support.

One of the things I like about Oil Profit is that it provides 24-7 customer support. This is not a normal feature on other automated trading platforms.

The customer service team is on standby to assist Oil Profit users with problems, like setting up their accounts or getting a trading strategy to work. You can reach them through email 24-7. However, non-customers can only reach them through email or the contact form on the site.

So, if you ever need help, there will always be someone on standby to assist you.

Demo Account.

New and experienced traders can start trading with a demo account to master their trading strategy and familiarize themselves with the Oil Profit platform without the risk of losing money.

If you are a newbie in trading generally or you’re new to Oil Profit, my investment advice is that you should start with a demo account.

Even experienced traders can test a new strategy with the built-in demo account by using Oil Profit robot paper money. This demo account works similarly to the live trading account, except that you will not lose money since it’s a demo account.

Eventually, this helps beginner traders get some practical education about the platform before committing their real funds to the Oil Profit System.

AI-Powered Technology.

Oil Profit is an AI-powered algorithmic trading software that can automatically place trades on behalf of its users. When you set up your trading preferences and enable live trading, the Oil Profit bot will execute trades based on these settings.

These algorithms are objective and discard any trading emotions or impulses, which provides an opportunity for more profitable trades. Furthermore, Oil Profit can execute trades during intense volatility periods since the principal technology is not subject to human interference.

The trading signals are generated by analyzing the past performance of assets and making predictions about future price movements. This way, you don’t need any prior knowledge about trading to make money with Oil Profit.

Free Trading System.

Oil Profit is a free automated trading system. You don’t need to pay any monthly subscription fees to use it. Also, you only need to deposit the minimum amount required by your broker to commence trading with Oil Profit.

One of the most exciting qualities I discovered during my Oil Profit review was that the automated system is completely free to exploit. There are zero sign-up fees or monthly subscriptions, with investors needing to make a minimum deposit of $250 to begin trading.

Even though the platform doesn’t charge fees, your chosen broker might. So ensure you check before signing up.

Automated Trading System.

The Oil Profit app is an automated trading system that can trade on your behalf. It connects with various brokers who will administer your deposits and profits. An automated system is a leverage that replaces the human efforts in live trading and gets the job done, meaning you don’t have to put in your endeavor.

The bot will carry out trades based on your settings when you enable live trading. You can adjust parameters or enable live trading to make automated trades on their behalf – the bot pairs with various brokers who hold your deposits and profits.

Oil Profit automatically examines the crude oil market and transmits trading signals once it finds profitable opportunities. This way, you don’t need any prior knowledge about trading to make money with Oil Profit.

Personalizable Parameters.

Oil Profit stands out among all other automated trading tools; with the software, you can customize your trading parameters. You can set the amount you want to trade, the risk level, and other factors. This way, you can control how much money you want to make and how much risk you’re willing to take.

The ability to tweak your Oil Profit’s trading settings to suit your investment goals and risk tolerance is one of the outstanding features of Oil Profit. Factors such as trading times and stop-loss size can be adjusted, making sure that Oil Profit trades based on your objectives.

Works for Commodity Trading.

Oil Profit is not just an oil trading software; it can trade on various commodities. The bot analyzes the market conditions of different commodities and transmits trading signals once it finds a profitable opportunity.

You can use Oil Profit to trade on crude oil, options, oil stocks, cryptocurrencies, and other precious metals, which is uncommon since most automated trading tools are designed for forex and cryptocurrency trading. This way, you can diversify your investment portfolio and reduce your risk.

High Success Rate.

Oil Profit is designed to find the most profitable trading opportunities in the market and has a high success rate.

The Oil Profit trading algorithm has undergone a series of upgrades over time. It is now an advanced algorithm sensitive to market trends and can execute trades on low time frames, creating more opportunities to generate profits.

The software scans the market conditions of different assets and sends trading signals when it detects a profitable opportunity. This way, you can make money without needing prior knowledge about trading.

Oil Profit has a success rate of up to 90%, which means that 9 out of 10 times, the software will generate a profit.

Oil Profit Minimum Deposit.

You only need to deposit the minimum amount required by your broker to start trading with Oil Profit. The software is free to use, and you don’t have to pay monthly subscription fees.

The minimum deposit for most brokers is $250, but some brokers might require more. So ensure you check before signing up.

Quick Withdrawal.

Many Oil Profit reviews state that the withdrawal process is speedy and user-friendly. From my experience with Oil Profit, withdrawal is quick and easy, and the software is designed for fast withdrawals so that you can access your money as soon as possible.

Withdrawals take less than 48 hours at most. When you request for withdrawal, Oil Profit instantly processes the withdrawal request by adding it to a queue for payment. However, some payments will arrive in your local bank account in 24 hours, while others will arrive in 48 hours at most.

The withdrawal process is straightforward; There are no hidden fees or charges as withdrawal is free, and you can withdraw your money anytime.

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Multiple Trading Platforms.

Oil Profit is available on multiple trading platforms so that you can trade at your convenience from anywhere, anytime. The bot is available on the web-based platform, native mobile app, Windows, and MacOS.

The Oil Profit website even states that you can access the application through a browser-based platform, the Oil Profit app or MetaTrader 4 (MT4). Having multiple trading platforms is one of Oil Profit’s outstanding benefits since it lets traders monitor the robot’s trading activities on the go. Additionally, Oil Profit integrates with MT4 making it attractive to many seasoned traders.

The mobile app is available for both major platforms. You can download the app from Google Play Store or App Store and start trading on the go.

Flexible Payment Methods.

Oil Profit offers a variety of payment methods to fund your account so you can start trading. The payment methods are bank wire transfer and credit/debit card. They also accept several fiat currencies such as USD, EUR, GBP, CAD, etc.

Most likely, your preferred payment method will be accepted by Oil Profit. Considering multiple payment methods and different currencies will help limit traders’ inability to make payments. It will also encourage prospecting investors from poor to average countries to onboard Bitcoin Motion membership.

Available for All Users.

The Oil Profit app is available for all types of investors, whether you’re a beginner or an experienced trader. The software is straightforward and comes with a user-friendly interface. Also, it’s available in multiple languages to make it accessible to a wider audience.

The app is obtainable in English, Spanish, French, German, Russian, and more. Therefore no matter what language, you’ll be able to use the app without any problems.

The Setup is Straightforward.

The robot is flawless to set up and use. Prior experience or knowledge about trading to start using Oil Profit is not necessary. You must create an account, fund it, and activate the live trading feature. The KYC procedure is effortless, and documents are accepted once you meet the criteria.

Once you finish, the bot will start scanning the markets for profitable opportunities and making trades on your behalf. You can alter the settings to suit your trading style and risk appetite.

Some Oil Profit reviews even note that the setup takes less than 20 minutes.

Secure Trading Platform.

Oil Profit is a secure trading platform that uses SSL encryption to protect your personal and financial information. The bot doesn’t store your credit card information on its servers, so you can be sure that your data is safe.

Oil Profit values customers’ privacy and security. To avoid data theft, the trading system implements cutting-edge encryption technologies, including an almighty 128-bit RSA encryption technique with a cyber-attack response crew on standby.

A comprehensive data privacy policy was published on the Oil Profit website. This publication includes the details of all the protections to shield its investors’ personal information.

In addition, Oil Profit is compliant with the GDPR and AML policies. Then you can rest assured that your information is in good hands.

An Impressive Team.

Oil Profit has a team of experienced professionals working in the financial industry for many years. The group includes trading, investment banking, and software development experts.

This wealth of experience and knowledge helps to set Oil Profit apart from other automated trading bots. It also means that you can be sure you’re in good hands when using the platform.

Some team members have been featured in major publications such as Forbes, Bloomberg, and The Wall Street Journal. So you can be sure that they know what they’re doing.

Regulated Brokers.

Like many other trading bots, the trading bot is regulated by using CySEC brokers to ease transactions. These operating brokers administer your deposits and profits and ensure that trades are carried out as quickly as possible by offering high-quality liquidity.

This means your money is safe, and you don’t have to worry about it being stolen or lost. The brokers that Oil Profit partners with are all regulated by the financial authorities in their respective countries. You can be sure they’re reliable and reputable.

Oil Profit Leverage.

The Oil Profit review is incomplete without leverage. Oil Profit allows you to advance your trade with up to 1:1000 leverage. That is to say, you have the opportunity to earn 1000 times the face value of your initially invested fund.

This is because the trading robot is in partnership with crypto brokers, giving investors the option of leveraged trading – however, the risk increases in proportion to the sum of leverage used. In a nutshell, if the trade does not go in your favor, you would lose a remarkable sum of money, perhaps your entire life savings.

Therefore, it is habitually advisable to start with a modest investment.

Long and Short-term Positions.

With the Oil Profit account, you can open long and short-term positions on the exchange. In addition, you can input manual trading standards, and the trading robot will start a trade when the asset gets to the specified position.

Users usually take a long position when they speculate that the price of a particular asset will rise in the future. On the other hand, when users take a short position, they are betting that the cost of the traded asset will decline in the future.

How to Begin Trading with Oil Profit.

If you’re new to online trading, never worry. Setting up and using an Oil Profit account is straightforward to follow.

Sign up for an Account.

The first move is to create an account with Oil Profit. You can do this by visiting the Oil Profit website and filling out the registration form.

You must supply full name, email, and phone number. You also need to create a password for your account. Once you have submitted the form, you will receive an email from Oil Profit with a link to activate your account.

Activate Your Account.

Once you have activated the link in the activation email, it will take you to the Oil Profit login page. You must log in using your username and password to access your account.

Once logged in, it will take you to the Oil Profit dashboard. Here, you can start adding funds to your account to start trading.

Make a Minimum Deposit of $250.

You will need a minimum deposit of $250 to begin trading crude oil and other commodities with Oil Profit. You can do this with a credit/debit card or bank transfer, and this payment will be made into one of its associate brokerage accounts.

Once you have made your deposit, it will take a few minutes for the funds to appear in your account. Once they have, you can start trading. You can use fiat currencies to make your deposit with various payment methods.

Set up Your Trading System.

Now that you have included funds to your Oil Profit account, you will need to set up your Oil profit system. You can fix this by going to the settings tab on the Oil Profit dashboard and selecting your preferred settings.

There are many settings you can alter, and it is critical to take your time at this point to make sure that you set things up correctly.

You can choose the amount of money you want to trade with, the assets you wish to trade, and the risk level you are comfortable with. You can also set up your leverage, stop-loss, risk management, risk parameters, and take-profit levels here.

Start Trading with Oil Profit.

Once you have set up your trading system, you can start trading by clicking on the ‘trade’ button on the Oil Profit dashboard. You will be transferred to the trading dashboard, where you can buy and sell contracts on the price of oil and other commodities.

You can use the Oil Profit demo account to practice trading before you start live trading with your own money.

How Oil Profit Compares.

The ultimate selector among trading bots is the algorithm’s rate of successful trades. At a win rate of 90%, Oil Profit is the leader among other auto trading platforms and is ideal for newbies and passive income seekers who can rely on the algorithm to trade on their behalf.

Many other trading bots offer a similar experience, but Oil Profit’s algorithm surpasses them in terms of success rate and accuracy.

Is Oil Profit Legit or a Scam?

Considering the researched information on the Oil Profit review, it’s normal to wonder if Oil Profit is legit or a scam. However, it’s challenging to declare at this junction since the Oil Profit website does not have testimonies to prove its point. But based on my research and user experience, I can say that Oil Profit is a legit platform, not a scam.

However, many Oil Profit reviews from trusted websites present praises for this trading bot. Even though these reviews are generally subjective, they provide a factor of integrity to the Oil Profit platform.

Additionally, the fact that Oil Profit offers a free demo account is essential to eliminate any potential concerns traders may have. The demo account lets users try Oil Profit without risking their money.

Oil Profit Review Methodology.

How did I arrive at this Oil Profit review?

Well, I surfed and researched the web by aggregating various reviews, tests, and testimonies, which lets me give you a fair view that is responsible for multiple perspectives. Not to mention my commitment to signing up to have my personal experience.

No doubt, I’m aware of the plethora of false information on the internet: there are many purported trading bots online that are, in fact, scams. For such reason, I find it essential to compare collated data from across the web in my Oil Profit review.

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Final Thoughts on Oil Profit Review.

Oil Profit is undoubtedly a trading bot that helps traders to trade multiple assets on the net. The application uses AI and machine learning algorithms to examine large price data sets, speculate on the most favorable entries, and execute profitable nanosecond trades.

Powered with a friendly GUI, a demo mode, a free trading system, and quick access to your money. Oil Profit provides an attractive trading process for both beginner and seasoned traders. Sign up on their website to begin the trading process and verify your identity. Deposit your funds, and let the bot go to work.

Oil Profit – Frequently Asked Questions.

Can I Make Money with Oil Profit?

Yes. You can make money with the Oil Profit platform, provided that you follow the guides and do the right thing.

Do I Need Some Trading Experience to Started with Oil Profit?

Yes and No! No, because Oil Profit provides all the education you need to start. Yes, because as a newbie, you must undergo tutorials to understand how trading works.

How Much Can I Earn Daily with Oil Profit?

Profitability depends on a few factors, your capital, the asset you’re trading, and your experience level.

Is There any Risk Associated with Using Oil Profit?

Absolutely. Like Forex trading, the market is highly volatile and thus involves some high risk. Luckily, Oil Profit help minimize the chances of getting your fingers burnt.

Can my Oil Profit Account be Hacked?

That is relatively impossible. Oil Profit has implemented advanced security measures such as SSL encryption to protect users’ data and money.

How Many Celebrities Have Endorsed Oil Profit?

During my Oil Profit review ordeal, I found many reports of it getting endorsements from celebrities like Bill Gates, Richard Branson, and Elon Musk, but my findings found that they are not valid.

Can I Test-drive my Trading Ability on Oil Profit?

Yes. You can, that’s a no-brainer, and it’s risk-free.

What Should I do If I’m Losing Money With Oil Profit?

You need to check your strategies and learn how to personalize the robot to make a profit. More importantly, talk to the regulated brokers.

How Can I Stop Oil Profit Spam Emails?

Simply unsubscribe from Oil Profit email lists.

Is There an Oil Profit App?

Yes! There is a native Oil Profit app. Unlike others, it is not just limited to the browser.

How Can I Withdraw my Earnings from Oil Profit?

Submit a withdrawal request and expect for your payment.

Was Oil Profit featured on Dragons Den?

While researching this Oil Profit review, I saw no article on the robot and Dragon’s Den. Maybe I did not find it, or it was a rumor.

Is Oil Profit Easy to Use?

Yes. In terms of usage, Oil Profit is a piece of cake.

Is Oil Profit Time Consuming?

No! You don’t have to stay on the screen all day; Oil Profit is an automated trading software that can get the job done while you’re asleep. More so, it’s speedy and effective.

What is the Daily Trade limit on the Oil Profit Platform?

According to Oil Profit expert traders, there’s no limit to the number of trades you can execute with Oil Profit.

Is Oil Profit Safe to Use?

Yes. Based on several years of usage, it is safe to use.

Is Oil Profit Scam or Legit?

Based on my research on this Oil Profit review, it is legit and not a scam.

Does Oil Profit Work?

Yes. Oil Profit works! Read the guides above on how Oil Profit work.

Can I Trust Oil Profit?

Yes. You can trust Oil Profit just like other thousands of investors.

Can I Use Oil Profit for Commodity Trading?

Yes. You can use Oil Profit for natural commodity trading.

How True is it That Martin Lewis Uses The Oil Profit website?

No! Martin Lewis doesn’t use the Oil Profit website.

Conclusion on Oil Profit Review!

The Oil Profit platform is user-friendly; it provides first-class security, absolute customer service, a cutting-edge trading algorithm, and quick withdrawals. The demo trading account and free tutorial videos are a huge bonus.

In conclusion, based on what was gathered, it seems that Oil Profit is a reliable automated trading robot, but I advise that you tread with caution. Don’t invest money that you cannot afford to lose.