Home Best Bitcoin Trading Platform Best Bitcoin Robots Oil Profit Review 2024 – Is it a Scam or Legit bot?
Fact Checked
Fact Checked
Everything you read on our site is provided by expert writers who have many years of experience in the financial markets and have written for other top financial publications. Every piece of information here is fact-checked. We sometimes use affiliate links in our content, when clicking on those we might receive a commission - at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
We do our best to help you make intelligent financial decisions. Tradingplatforms.com is compensated if you access certain products or services offered by eToro USA LLC and/or eToro USA Securities Inc. and other brokerage companies. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success. This however does not affect our assessments of the brokers, their features, and their overall rating.

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 Legit
Supported Assets BTC, ETH, BNB, BCH, LTC, XRP, ADA & Commodity CFDs
Minimum Deposit $250
Trading Fees No Fees
Withdrawal Time 24 Hours
Customer Support  Email & Live Chat Support

oil profit trading platform review

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.

oil profit review

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.

✔️Automated Trading

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.

oil profit bitcoin robot

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.

Top Tips for Using Oil Profit Safely

It is noteworthy to cover the risks involved with CFD trading, leveraged trading and automated trading. You should take certain measures to ensure safe use of the platform and its features. While cryptocurrencies can already be highly volatile, combining with CFD leveraged trading and relying solely on automated robots can become a highly risky endeavour.

1. Conduct Your Own Analysis Alongside the Bot

Automated trading using bots can present risks that users may not know of prior to using them. Platforms allocate different algorithmic parameters to their bots and unless users can fully understand those parameters set, then the bot’s actions can be unpredictable. Some trading robots like these AI Stock Pickers have many different robots to choose from, and some are even created and tested by users with proven risk assessment.

2. Use the Demo Account Before Putting Money at Risk

In order to safely test the Oil Profit trading app, customers are able to conduct paper trading on a live demo account. Paper trading allows users to trade using virtual money under the same live market conditions. Demo accounts mimic the live price action of the markets and users can use paper funds to test the platform and trading strategies.

3. Limit the Number of Trades Placed Each Day

Another way to ensure correct risk management and safety is by limiting the number of trades placed each day. Trading can be frustrating, and while market movements can sometimes be unpredictable, can also be slow too. A notable key practice of successful traders is patience and not getting into a chase for the desired trade outcome. Limiting the number of trades placed each day, and also taking breaks, is a great way to maintain safety.

4. Only Invest Money That You Can Afford To Lose

A well-known in the cryptocurrency community is “only invest what you can afford to lose”. With cryptocurrencies being highly speculative assets, understanding individual risk appetite is key. Cryptocurrencies can be highly volatile and paired with leverage can cause significant loss of funds. Crypto tokens can experience sharp movements, both on the upside and downside trends. Users must be aware that although there is potential to make significant gains, there is equal risk to suffer significant losses. Investing extra earned income or a small percentage of savings is a more sensible option than taking out loans, or potentially risking all ones life savings.

Best Alternatives to Oil Profit

Robot Name  Description  Reviews
Quantum Trade Wave Platform which has more than 150 cryptocurrency trading pairs and provides social trading feature. Quantum Trade Wave Review
Immediate Momentum Trading platform offering access to range of assets including cryptocurrency, forex, stocks, commodities and indices. Immediate Momentum Review
Crypto Engine Crypto trading platform which is bitcoin-specialized offering leverage of up to 5000:1. Crypto Engine Review
Altrix Edge Algorithmic cryptocurrency trading platform using Natural Language Processing to analyze lates market news and insights. Altrix Edge Review
Immediate GP Crypto news platform using powerful artificial intelligence for automated trading based on real-time market analysis. Immediate GP Review
Bitcoin Storm Crypto trading robot which allows endless customization parameters and offers multiple payment methods for depositing. Bitcoin Storm Review
Quantum AI Powerful AI trading software that uses quantum computing for speedy analytics. Quantum AI Review
Yuan Pay Access to popular Chinese based crypto assets and pairing with Digital Yuan. Yuan Pay Review
Tesla Coin 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.


Is Oil Profit actually profitable?

Does Oil Profit have an app?

Is your money safe with Oil Profit?

What success rate does Oil Profit claim?

Is Oil Profit safe for beginners?

Can I withdraw money from Oil Profit?

Dimal Nathwani Finance and Crypto Writer

Dimal Nathwani Finance and Crypto Writer

Dimal is a digital asset enthusiast and has worked in several well-established cryptocurrency start-ups and blockchain payments companies including CoinBurp and Nuvei. He is future thinker and global financial visionary, exploring how payments and money transfer are evolving with web3.

Before starting his career in crypto, Dimal studied at Middlesex University and the International Business School, accredited by Oxford Brookes University where he obtained a BA HONS in Finance and Accounting.  Due to his financial background, Dimal has great analytical skills which he uses to write in-depth content about emerging crypto projects.