Profit Trailer Review

Profit Trailer Review – Scam or Legit?

Last Updated: August 7, 2023

ProfitTrailer is an advanced cryptocurrency trading bot that helps traders find profitable opportunities in the crypto markets. It is an automated trading software that uses intelligent algorithms and trailing stop-loss techniques to identify potential trades.

Profit Trailer scans multiple cryptocurrency exchanges in real-time to detect price differences and execution opportunities. When an opportunity arises, ProfitTrailer will automatically execute the trade, helping users maximize returns.

ProfitTrailer was created to simplify crypto trading through automation. With its easy-to-use interface and powerful trading features, both novice and experienced traders can benefit from using this trading bot.

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ProfitTrailer’s Origins and Purpose

ProfitTrailer was launched in 2017 in Curacao by a team of fintech experts. Their goal was to develop an intelligent trading solution that could analyze market data, identify profitable trades, and execute those trades automatically.

Prior to ProfitTrailer, traders had to manually scan for trading opportunities across exchanges, which was an extremely time-consuming process. ProfitTrailer aimed to solve this problem through automation, allowing traders to capitalize on many more opportunities.

By leveraging artificial intelligence and machine learning, ProfitTrailer has become an industry-leading crypto trading bot. It has helped over 20,000 traders automate their crypto investing and trading activities.

Understanding Profit Trailer

How ProfitTrailer Works

ProfitTrailer is based on trailing stop-loss techniques that help maximize upside while minimizing downside risk. Here is an overview of how ProfitTrailer works:

• Scans multiple exchanges and analyzes price data in real-time
• Identifies price discrepancies and arbitrage opportunities
• Uses proprietary algorithms to determine optimal entry and exit points
• Places buy and sell orders automatically when opportunities arise
• Implements trailing stop-losses to lock in profits as prices move favorably

By continually monitoring the markets and reacting based on its algorithms, ProfitTrailer is able to generate profits on small price movements across exchanges. This allows users to capitalize on many more opportunities than trading manually.

ProfitTrailer’s Trading Mechanism

ProfitTrailer uses a sophisticated trading mechanism to identify and capitalize on lucrative trade opportunities. Here are some key aspects of its trading process:

• Real-time market scanning – ProfitTrailer uses API connections to scan prices and order books across supported exchanges in real-time. This allows it to detect price differences and opportunities instantly.
• Arbitrage trading – When ProfitTrailer identifies a price discrepancy between exchanges, it will simultaneously buy on the lower-priced exchange and sell on the higher-priced one to lock in a risk-free profit.
• Algorithmic trade execution – Based on its proprietary algorithms, ProfitTrailer determines optimal entry and exit prices. It is able to react much faster than human traders when placing or canceling orders.
• Trailing stop-losses – ProfitTrailer utilizes trailing stop-losses to maximize upside while limiting downside. Stop-losses trail the market, closing trades when a reversal occurs.

By combining these mechanisms, ProfitTrailer is able to provide reliable and consistent trading performance. Users benefit from its ability to monitor markets, identify opportunities, and trade them automatically.

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ProfitTrailer’s Features

ProfitTrailer comes packed with many powerful features that enhance the automated crypto trading experience.

Supported Cryptocurrencies

ProfitTrailer supports trading of all major cryptocurrencies including:

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• Ripple (XRP)
• Bitcoin Cash (BCH)
• EOS (EOS)
• Binance Coin (BNB)
• Stellar Lumens (XLM)
• Tether (USDT)

ProfitTrailer is continually expanding its currency support as the crypto markets evolve. By supporting most major coins and tokens, ProfitTrailer provides users with ample trading and diversification opportunities.

Real-time Market Notifications

ProfitTrailer has an intelligent notification system that keeps users updated on market opportunities and events in real-time. Notifications can be received via Telegram, Slack, SMS, emails, and more.

Some example notifications include:

• Price fluctuations or reversals
• New arbitrage opportunities
• Order updates such as placements, fills, cancellations
• Errors or exchange issues

These notifications allow users to stay on top of all market activity without having to constantly monitor charts and exchanges manually. Users can customize notifications to their preferences.

Integration with TradingView Alerts

For advanced technical traders, ProfitTrailer offers integration with TradingView alerts. Users can utilize TradingView’s extensive charting and technical analysis capabilities to identify trading opportunities.

Once a trade signal is identified, users can configure TradingView to alert ProfitTrailer which will automatically execute the trades. This provides a seamless experience between advanced analytics and automated order execution.

By supporting TradingView alerts, ProfitTrailer opens up far more analytical capabilities to suit different trading styles and strategies. The integration helps traders use technical signals to maximize profitable trades.

ProfitTrailer’s Account Fees

A major advantage of ProfitTrailer is that it does not charge any trading commissions or regular account fees. Users only pay a modest monthly subscription fee for access to the bot and features.

Fee Structure of ProfitTrailer

ProfitTrailer operates on a subscription-based model with no trading fees. The available subscription plans are:

• Basic – €49 per month or €799 lifetime access
• Signals Edition – €30 per month
• Advanced – €69 per month or €999 lifetime access

The Basic plan provides all core auto trading features. The Signals Edition grants access to trading signals only. The Advanced plan offers maximum exchanges, bots, and customizations.

There are no commissions, spreads, or additional hidden fees with any subscription plan. Users simply pay the flat monthly or lifetime access fee.

ProfitTrailer’s No-Fee Approach

Unlike most trading bots and investment platforms, Profit Trailer does not charge trading commissions or require a percentage of profits. This is a significant advantage compared to traditional brokerages or robo-advisors that charge fees on trades, deposits, withdrawals, and for account management.

ProfitTrailer’s zero-fee structure means users keep 100% of their trading profits. The only costs are the exchange fees from the platform you trade on and minimal bot subscription fees.

This approach maximizes profitability for users. With most trades generating small arbitrage-based returns, not having any trading or withdrawal fees is essential. ProfitTrailer’s lack of account fees is a major benefit for serious crypto traders.

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Minimum Deposit in ProfitTrailer

ProfitTrailer itself does not require any minimum deposit amount. However, the exchanges supported by ProfitTrailer will have their own minimum deposit requirements. Most exchanges have minimums of $50 to $250.

How to Fund Your Account

To begin trading with ProfitTrailer, simply fund your account on any of the supported exchanges. Some options are:

• Deposit cryptocurrency (BTC, ETH, stablecoins) from an external wallet
• Wire transfer fiat currency onto the exchange
• Use a debit/credit card to purchase crypto on the exchange
• Use P2P trading to acquire crypto from other users

Once funded, connect ProfitTrailer to your exchange API keys and the bot can begin trading your capital automatically.

Payment Options in ProfitTrailer

Although Profit Trailer does not process deposits directly, its supported exchanges offer a wide range of payment methods including:

• Cryptocurrency deposits – BTC, ETH, USDT, other major coins
• Fiat currency bank transfers – ACH, Wire, SEPA
• Debit/credit card purchases – Visa, MasterCard supported
• P2P trading – PayPal, gift cards, cash transfers

This flexibility allows users to fund their trading accounts using the payment methods best suited to their needs and availability. Users can choose the most convenient on-ramp for their local currency.

Device Compatibility with ProfitTrailer

Another advantage of ProfitTrailer is that it can be accessed on any internet-connected device. The platform is fully web-based for maximum compatibility and convenience.

Trading on Different Devices

ProfitTrailer works seamlessly on:

• Windows PCs
• Mac Computers
• Linux Operating Systems
• Smartphones – iOS and Android
• Tablets

The web-based interface automatically scales and adapts to the screen size of any device. This allows users to monitor their trading and manage their account from anywhere.

User Experience Across Devices

Key features that enhance the experience across all devices include:

• Responsive design – interface adapts seamlessly to any screen size
• Real-time notifications – receive alerts on phones or tablets
• Remote monitoring – oversee trades and account from anywhere
• Quick actions – close trades or pause bots with one-tap on mobile

The combination of a slick web-app interface, real-time notifications, and customizable actions allow users to manage trades efficiently on any device. The user experience is tailored for ease-of-use on both desktop and mobile.

Legitimacy of ProfitTrailer

Given the frequency of scams in the crypto industry, it is reasonable for users to question the legitimacy of platforms like ProfitTrailer. Based on user feedback and publicly available information, ProfitTrailer is a legitimate automated trading solution.

Is ProfitTrailer a Scam?

There are no indications that ProfitTrailer is a scam. Some key facts that support its legitimacy are:

• Regulated company – ProfitTrailer is owned by the licensed company ProfitTrailer BV based in the Netherlands.
• Strong security – User accounts and data are protected by the latest SSL encryption standards.
• Transparent pricing – All fees and pricing are clearly stated upfront with no hidden costs.
• Positive reputation – It is widely reviewed and recommended positively by actual users on various forums and review sites.
• Longstanding history – ProfitTrailer has been active in the industry since 2017 with no significant complaints or scandals.

Based on these factors, ProfitTrailer exhibits the traits of a legitimate and properly-run automated trading platform. There are no evident red flags to indicate it is a scam or fraudulent service.

Pros and Cons of Profit Trailer

Here is an overview of the key advantages and potential limitations of trading with ProfitTrailer:

Pros

• Automates time-consuming trading activities
• Allows trading multiple exchanges from one platform
• Implements effective risk management techniques
• Requires no trading experience to use
• Helps users diversify their crypto investments
• Can run in the background with minimal oversight

Potential Cons

• No money-back guarantee offered
• Relies on API connectivity to exchanges
• Requires monthly subscription fee
• Advanced customization has learning curve

Overall, most users have reported satisfactory experiences and results when using ProfitTrailer responsibly. As with any trading, users should exercise good risk management.

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ProfitTrailer’s Customer Support

ProfitTrailer places emphasis on providing responsive customer support through multiple convenient channels.

Availability and Accessibility of Customer Support

ProfitTrailer offers customer support through:

• Email – support@profittrailer.com
• Online contact forms – for non-urgent inquiries
• Real-time chat – available daily during business hours
• Discord community – dedicated Discord server for conversations with team and other users

Support is available in English with availability aimed at global business hours. However, the Discord community provides user-to-user support 24/7.

Customer Support for Registered Users

Once registered, users gain access to prioritized support features including:

• Priority Support Queue – get faster responses to your queries
• Remote Access Support – allows technicians to diagnose issues directly
• SMS Notifications – receive SMS alerts for critical issues
• Phone Support – speak directly to a support representative

ProfitTrailer aims to resolve support tickets within 8 business hours for basic inquiries and 2 hours for critical issues.

Using ProfitTrailer

Trading with ProfitTrailer involves just 3 easy steps – account creation, funding, and configuration.

Funding Your Account

To start, create an account on one of ProfitTrailer’s supported exchanges. Complete the KYC verification steps and deposit funds into your exchange account using your preferred payment method.

Once funded, connect your exchange API keys to grant ProfitTrailer access and trading permissions. The minimum required starting balance can vary by exchange but is around $250 USD equivalent.

Many users choose to fund accounts with stablecoins like USDT or USDC to avoid volatility of capital during trading.

Executing Trades

Once connected to your exchange account, ProfitTrailer will begin executing automated trades based on the configured settings and strategy parameters.

It is not necessary to actively manage every trade. Simply check in periodically to monitor performance and ensure your settings align with your goals.

You can optimize configurations and enable features like notifications to suit your trading style. ProfitTrailer aims to handle all routine trading, freeing up time for the user.

KYC Verification Process

To use ProfitTrailer, users must have an account with one of its supported exchanges. As part of the exchange account creation process, users will need to complete KYC verification steps.

The KYC process typically involves providing:

• Personal identity information
• Proof of identity – passport, driver’s license
• Proof of address – utility bill, bank statement

The required KYC steps depend on the exchange, but all reputable platforms require this type of verification. The process ensures trading adheres to AML laws. ProfitTrailer itself does not require any KYC checks since trading occurs through integrations with existing exchange accounts.

Deleting Your ProfitTrailer Account

One of the best aspects of ProfitTrailer is that it does not lock users into long-term commitments. Accounts can be deleted anytime without hassles.

How to Delete Your Account

To delete your ProfitTrailer account:

1. Login to your ProfitTrailer dashboard
2. Click on your profile icon
3. Scroll down and click “Delete Account”
4. Confirm deletion in popup prompt

The account and any associated data will be immediately deleted. You can sign up again anytime with the same or different email.

Of course, ensure you have deactivated any API connections to exchanges before deleting your account.

Celebrity Endorsements of ProfitTrailer

Some websites have posted misleading information claiming various celebrities have endorsed ProfitTrailer. However, these endorsements are completely fabricated.

Rumors and Reality of Celebrity Endorsements

ProfitTrailer has never officially announced any celebrity endorsements or brand ambassador partnerships.

Any claims of endorsements by celebrities like Gordon Ramsay, Peter Jones, Elon Musk, or Martin Lewis are false. Most of these claims use fake quotes and doctored images.

It appears these rumors are a deceptive marketing tactic by affiliate marketers to attract attention. ProfitTrailer itself does not promote or confirm any celebrity endorsements.

Users should be skeptical of any endorsement claims that are not published through official company channels. It is always wise to fact check supposed celebrity crypto endorsements, as many turn out to be fake.

ProfitTrailer’s Founder

Unlike many crypto projects, the founder behind ProfitTrailer has chosen to remain anonymous. Very few confirmed details are available about the person or group responsible for creating ProfitTrailer.

The Enigma of ProfitTrailer’s Founder

Here is what we know about the founder of ProfitTrailer:

• Launched initial version in 2017
• Based on a team with trading and programming expertise
• Operates company as ProfitTrailer BV registered in the Netherlands
• Interacts with community under alias “PTSISS”

The mysterious founder maintains a low profile but engages actively with the ProfitTrailer community under the pseudonym PTSISS.

This anonymity is not necessarily a red flag, as the developer’s priority seems to be on the product rather than self-promotion. The success of ProfitTrailer based on merits of the software itself speaks well about the capabilities of its unknown creator.

ProfitTrailer’s Payment Methods

To use ProfitTrailer, you fund your account directly through your connected crypto exchange – not through ProfitTrailer itself. These integrated exchanges support a variety of convenient payment methods.

Available Payment Methods

Popular payment methods to fund accounts include:

• Cryptocurrency – Deposit BTC, ETH, USDT, etc from external wallet
• Bank Transfer – Wire transfer or local transfer like ACH
• Credit/Debit Card – Visa, MasterCard enabled exchanges
• P2P Trading – Paypal, gift cards, cash transfers

The best option depends on what is most convenient and cost-effective for your location and currency. Having multiple on-ramp payment methods makes funding your account easy.

Funding Your Account

Once signed up with an exchange, visit the deposit section and choose your preferred payment method. Follow the instructions to deposit funds, which will show up in your trading account balance.

Then connect your API keys from the funded exchange account to ProfitTrailer to begin trading.

Final Thoughts on Profit Trailer

In summary, ProfitTrailer is an established and feature-rich automated trading platform tailored to simplify crypto trading:

• Powerful auto-trading algorithms to find and capitalize on opportunities
• Trading flexibility with access to many major exchanges
• User-friendly interface for easy monitoring and management
• Effective risk management through customizable stop-losses
• No trading fees aside from exchange costs mean maximum profitability

For both new and advanced traders, ProfitTrailer provides an effective way to maximize returns in the crypto markets. With its intelligent trading bots, users can automate their trading while still customizing it to their risk tolerance and preferences.

After operating successfully for over 5 years, ProfitTrailer has established itself as a leading crypto trading automation platform. For anyone looking to effectively grow their crypto investments, ProfitTrailer is worth considering.

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Caution and Recommendations for Potential Users

While ProfitTrailer has many positives, we recommend users exercise prudence and safe practices when using any crypto investing service. Some final words of advice:

• Start with small position sizes to evaluate performance
• Enable notifications and monitor trades regularly
• Practice prudent risk and money management
• Take time to understand the trading mechanisms
• Research exchanges before connecting API keys
• Always withdraw a majority of profits

ProfitTrailer can be a powerful tool when used properly. We hope this extensive review provides the information you need to make an informed decision about using this trading automation service.