Oil Profit Review 2024 – Is it a Scam or Legit bot?
In this guide we will cover the various features of the Oil Profit trading app. For users seeking access to the cryptocurrency markets with ease, the Oil Profit trading platform provides automation through algorithmic technology to find profitable trading opportunities. Oil Profit enables CFD trading for a variety of the most popular crypto assets. This Oil Profit review will cover the application features, and give an in-depth analysis on what this automated trading app offers to clients.
Your money is at risk.
What is Oil Profit?
Oil Profit is an automatic trading robot that uses algorithmic technology to enable automated trading for CFDs of popular cryptocurrencies and commodities. Users can use the Oil Profit trading app in order to have ease of access to the cryptocurrency markets. Similar to other bitcoin trading robots, Oil Profit helps users to automate their trades by using designated trading strategies. The table below gives an overview of some of the key features of the Oil Profit app.
|Scam or Legit
|BTC, ETH, BNB, BCH, LTC, XRP, ADA & Commodity CFDs
|Email & Live Chat Support
How to Use the Oil Profit Trading Platform
The Oil Profit app provides users with a simplistic user interface and access to an assortment of trading tools and charting analytics. However, in order to access the Oil Profit Trading app, users will need to first make a deposit to fund their account. The minimum deposit to activate the account is reasonable, at $250, which can be deposited through various payment methods. This gives access to the Oil Profit trading platform which can be used as a web trader or connected with MetaTrader 4. Oil Profit does not have a mobile trading app, but for users wishing to use the platform on-the-go, Oil Profit has a tailor-made web mobile trader.
Here’s how to start using Oil Profit for automated trading in 2024.
Step 1: Register for an Account
In order to start using the Oil Profit trading app, users must first visit the website and create an account. Registering is simple and requires few details from full name, email and contact number.
Step 2: Make a Deposit
Once registration is completed, the user account will be ready to use. All new clients are required to make the initial deposit to activate the trading account. The minimum deposit is $250 and payment can be made via debit/credit card, or alternatively PayPal.
Step 3: Start Trading
Once the initial deposit is made, the account will be active and users can go ahead and trade their favorite cryptocurrencies. A number of popular crypto tokens will display on the dashboard. To trade other assets users can simply use the finder and search for the desired asset.
How Does Oil Profit Work?
The Oil Profit app operates in the same manner as other automated trading platforms. The trading platform uses its proprietary algorithmic technology to predict market trends and make automated trades on user’s behalf. The Oil Profit trading robot also allows traders to set their own parameters for customized strategies. Alternatively, traders are also able to test strategies by using a demo account.
Pros and Cons of Oil Profit
- User friendly interface with MT4 compatibility
- Offers CFDs of the best cryptocurrencies
- Customizable parameters for automated robot
- Seamless registration process
- Minimum deposit of $250 required to activate account
- Only browser based. No mobile app
- No access to trading tools pre-registering
Oil Profit Key Features Reviewed
Although Oil Profit does not give access to its dashboard or features prior to activating an account, they do have features that are attractive to traders. Below is a list of the features that traders will be able to access on the Oil Profit trading platform.
One of the main features the platform provides is the Oil Profit trading robot. This allows users to enable the algorithm to incorporate and predict market movements. The automated trading bot then places trades on users' behalf based on the predicted forecasts.
✔️ Daily Technical Analysis Reports
Once users register with an activated account, the Oil Profit app gives access to trading and charting analysis tools. This includes daily technical analysis reports, which can be used by traders to make better informed decisions. Technical analysis reports identify patterns and trends in asset movements and can give a better understanding of market data from the charts.
✔️ User Friendly Design
Oil Profit seems to have a user-friendly design and the trading interface can be accessed through their proprietary web trader on desktop or via mobile phone browser. The Oil Profit app also supports MetaTrader4, a credible interface which many traders use worldwide.
✔️ Customer Support
The Oil Profit app has dedicated customer support whereby users can contact their support agents by either email or live chat. Not all trading platforms have live chat features, which can be very helpful in events of needing immediate assistance such as being in the middle of trading activity.
Is Oil Profit a Legitimate Trading Platform?
During our Oil Profit review, we found the trading platform to be legitimate. As well as visiting the platform ourselves, we also read user testimonials and conducted research on forum groups to come to our conclusion. Oil Profit is a legitimate automated trading platform that provides users with tools that can be used to improve their trading strategy.
This review of Oil Profit aims to explore the available features that the platform provides. Due to the Oil Profit website elaborating on these features and with limited information provided by them, we have conducted research on other social blogs, review sites and testimonials to explore what features and services they offer including details surrounding deposits, commissions and fees.
Oil Profit Fees
Unlike other trading platforms, Oil Profit does not mention any trading fees, spreads or charges for using the platform.
Oil Profit Trading Fees & Commissions
Oil Profit does not charge any trading fees or commissions for users trading on the platform. There is no mention of fees for trading.
Oil Profit Deposit & Withdrawal Fees
The Oil Profit app has free withdrawals, however there could be currency exchange charges by user bank accounts for withdrawals which are in a different currency to the account. Similarly, when depositing, users should ensure using the primary currency of their account, otherwise banks can usually charge fees for currency exchange and their rates can be relatively lower than the daily average.
Oil Profit Minimum Deposit
In order for traders to use the Oil Profit platform a minimum deposit is required to active the account. The minimum deposit is $250.
Best Alternatives to Oil Profit
|Quantum Trade Wave
|Platform which has more than 150 cryptocurrency trading pairs and provides social trading feature.
|Quantum Trade Wave Review
|Trading platform offering access to range of assets including cryptocurrency, forex, stocks, commodities and indices.
|Immediate Momentum Review
|Crypto trading platform which is bitcoin-specialized offering leverage of up to 5000:1.
|Crypto Engine Review
|Algorithmic cryptocurrency trading platform using Natural Language Processing to analyze lates market news and insights.
|Altrix Edge Review
|Crypto news platform using powerful artificial intelligence for automated trading based on real-time market analysis.
|Immediate GP Review
|Crypto trading robot which allows endless customization parameters and offers multiple payment methods for depositing.
|Bitcoin Storm Review
|Powerful AI trading software that uses quantum computing for speedy analytics.
|Quantum AI Review
|Access to popular Chinese based crypto assets and pairing with Digital Yuan.
|Yuan Pay Review
|Cryptocurrency platform powered by Tesla Coin (TES) which can also be earned through mining.
|Tesla Coin Review
Our Verdict on Oil Profit
This Oil Profit review has covered the various products and features that Oil Profit claims to offer its clients. It was necessary to search alternative sources online to explore information about their trading services, such as the claimed success rates, demo account services and live support.
While exploring other reviews, testimonials and social blogs, there was limited information online about the services Oil Profit provides. All-in-all the Oil Profit trading platform does claim to offer the standardized set of features that automated trading platforms promote. However, it's good practice to always conduct thorough research on platforms before investing. To explore more about Oil Profit users can register for an account at the link below.
Your money is at risk.