Over the past decade, the rapid advance in technological innovation has provided numerous ways for traders to generate returns passively. One of the most efficient ways is to use an automated trading robot – with Oil Profit being one option that has attracted a great deal of media attention.

This article presents our in-depth Oil Profit review, covering everything you need to know about the robot before showing you how to begin automating your trading today – all in less than ten minutes.

Oil Profit Summary

Before diving into our Oil Profit review, let’s briefly summarize the key points to be aware of in relation to this robot:

Supported Cryptocurrencies BTC
Claimed Success Rate 90%
Fees and Commissions No fees
Minimum Deposit $250
Mobile App Yes
Withdrawal Time 48 hours

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

What is Oil Profit?

oil profit logoOil Profit is a Bitcoin robot that is ideal for automating the trading process. Like all of these robots, Oil Profit removes the need for any manual input into the trading process by identifying opportunities on the trader’s behalf. Once an opportunity is identified, Oil Profit automatically places a trade – ensuring it is executed at the optimal time.

Unlike humans, Oil Profit is not subject to psychological biases or emotions, meaning that the trading process is much more streamlined. In addition, Oil Profit employs advanced AI-powered algorithms informed by Big Data, enabling the robot to buy Bitcoin at the optimal time. These algorithms consider various analysis types, including fundamental, technical, and news-based.

Oil Profit trading robot

Oil Profit’s claimed success rate is 90%, although we could not verify this during the research for our Oil Profit review. However, the robot is entirely free to use and only requires a minimum deposit of $250. Oil Profit also partners with a selection of top cryptocurrency trading platforms to facilitate users’ trades quickly and safely.

Oil Profit Pros & Cons

Now that you have an idea of what Oil Profit is, let’s take a quick look at the robot’s pros and cons:

Pros

  • Claimed 90% success rate
  • Can trade BTC with no manual input
  • Requires no prior trading experience
  • Partners with a selection of top brokers/exchanges
  • The minimum deposit is only $250
  • MT4 support

Cons

  • Only trades BTC
  • No verified testimonials on the website

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

How Does Oil Profit Work?

So, how does Oil Profit work? Essentially, Oil Profit is designed to buy cryptocurrency on your behalf, removing the need to conduct analysis or monitor price charts. The robot operates 24/7, ensuring that viable trades are always acted on.

Underpinning the Oil Profit trading robot are advanced algorithms powered by artificial intelligence. These algorithms are claimed to identify trade opportunities quicker than a human can, providing a higher chance of a profitable trade. As an added benefit, the robot avoids unprofitable trade opportunities, which humans can sometimes act on through emotion or ‘fear of missing out’ (FOMO).

Oil Profit Bitcoin robot

Once Oil Profit is set up and ready to go, it will work in the background throughout the day, scanning the market for trades. The robot will instantly open a position based on your predetermined risk level when a trade opportunity is noticed. Oil Profit will then monitor the position and calculate the ideal time to close it, at which point any profits will be placed into your account balance.

As you can see, this process is much more streamlined than spending hours each day in front of the charts, trying to find profitable opportunities. Although Oil Profit only trades Bitcoin (BTC), there is scope for trades to be placed on a daily basis since the robot seeks out small and consistent profits. Furthermore, due to the nature of Oil Profit’s algorithms, users can benefit regardless of market conditions.

Oil Profit Key Features

As our Oil Profit review has highlighted, this robot appears ideal for traders who do not have time during the day to conduct the necessary analysis for consistently profitable trades. With that in mind, let’s take a look at some of the robot’s key features to be aware of:

AI-Powered Algorithms

Oil Profit is designed to help traders make money with cryptocurrency regularly, thanks to its AI-powered algorithms. These algorithms are entirely objective and remove any trading biases, which provides scope for more profitable trades. In addition, Oil Profit can trade during periods of intense volatility since the underlying technology is not subject to any emotional interference.

Free to Use

One of the key things we discovered during our Oil Profit review was that the robot is completely free to use. There are no sign-up fees or monthly subscription fees, with users only needing to provide a $250 deposit to begin trading. However, since Oil Profit partners with external brokers, there may be fees charged by those platforms for trade facilitation.

Built-In Demo Account

Thanks to its built-in demo account, all users can test the Oil Profit robot using paper money. This account works in precisely the same way as the live account, except without the worry of losing money. Ultimately, this allows beginner investors to become acquainted with the platform before deciding if they wish to proceed with real trading.

Oil Profit review

Customizable Parameters

You can tweak Oil Profit’s trading settings to suit your risk tolerance and investment goals. Elements such as stop-loss size and trading times can be altered, ensuring that Oil Profit trades in accordance with your objectives.

Can Trade on Multiple Platforms

The Oil Profit website notes that the robot can be accessed via a browser-based platform, a tailor-made mobile app, or MetaTrader 4 (MT4). This is one of Oil Profit’s main benefits, as it allows traders to monitor the robot’s activities whilst on the go. In addition, the fact that Oil Profit can integrate with MT4 will appeal to experienced traders.

Speedy Withdrawals

Finally, although the website doesn’t directly mention this, numerous Oil Profit reviews note that the withdrawal process is both user-friendly and incredibly speedy. Withdrawals can be facilitated in less than 48 hours, ensuring that you can spend trading profits not long after they are earned.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Oil Profit Fees

As noted above, Oil Profit doesn’t charge any fees when using the automated trading software. This approach means there are no subscription fees, commissions, or conversion fees to worry about whatsoever.

The only thing to keep in mind is that the brokers and exchanges Oil Profit partners with may charge their own fees when facilitating trades. These fees are not set by Oil Profit and can include transaction fees and withdrawal fees, although they will vary from platform to platform.

Trading Fees None
Account Fees None
Deposit/Withdrawal Fees None
Minimum Deposit $250

Is Oil Profit a Scam?

Given the information presented up until this point, it’s natural to wonder, ‘Is Oil Profit a scam?’. Much like our BitIQ review, it’s challenging to make a clear assertion on this point since Oil Profit’s website does not have any verified testimonials. In addition, the success rate that is attributed to Oil Profit is not certified by any third-party companies (like Myfxbook), meaning that it may be lower than stated.

However, numerous Oil Profit reviews from high-profile websites present glowing praise of this trading robot. Although these reviews are ultimately subjective, it does provide an element of credibility to Oil Profit’s services.

Oil Profit trading robot review

Finally, the fact that Oil Profit provides a free demo account is vital to eradicating any concerns that potential users may have. This account allows users to try Oil Profit with no risk – and there is no obligation to make a deposit if the robot turns out not to be to your liking.

Oil Profit Minimum Deposit

Since Oil Profit partners with some of the best crypto exchanges for BTC trading, the robot does have a minimum deposit requirement to trade effectively. However, this requirement is only $250, which is less than several top brokers require. Once the deposit is made, Oil Profit can begin trading right away – and you can even withdraw your trading balance at any point if you are unhappy with the robot.

Oil Profit Customer Support

Customer support is vital when it comes to trading robots, as they are often used by beginner traders who may have questions concerning how the robot operates or the trading process. Fortunately, Oil Profit has a dedicated customer support team, with various online reviews noting that the team is available 24/7.

The Oil Profit website features a ‘Contact Us’ section with a form that users can fill in. Once sent over, the Oil Profit team will review the query and respond using the email address that the user provided.

How to Use Oil Profit

Before rounding off this Oil Profit review, let’s focus on the sign-up process. The four quick steps below will walk you through everything you need to do to begin trading with Oil Profit – all of which can be completed in less than ten minutes.

Step 1 – Sign Up for Oil Profit

Head over to the Oil Profit website and click ‘Register’. You’ll then be asked to enter your first and last name before providing a valid email address and mobile number. After this, you will receive an email asking you to verify your details.

Oil Profit create account

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Step 2 – Try the Demo Account

Once you have signed up, you can begin using the demo account right away. This account works in the same way as the real account, allowing you to gain risk-free experience with the trading software.

Step 3 – Make a Deposit

When you are ready to begin trading for real, click ‘Deposit’ and choose your preferred payment method. Oil Profit requires a minimum deposit of $250, with credit/debit card payments usually arriving instantly.

Step 4 – Begin Trading

After you have funded your trading balance, you are ready to begin trading. We recommend heading to the ‘Settings’ area of your account and customizing the trading parameters to suit your goals and risk tolerance. Once you are happy with everything, switch the robot to live trading, and Oil Profit will immediately begin scanning the market for opportunities.

Oil Profit bitcoin trading robot

Oil Profit Review – The Verdict

In summary, this Oil Profit review has taken an in-depth look at the trading robot and how it works, ensuring you can invest effectively. Although many of Oil Profit’s claims are still unverified, the fact that the robot features a free demo account allows you to test out its features before using real money.

If you’d like to get started with Oil Profit today, simply click the button below to begin registration. The sign-up process can be completed in minutes, meaning you can be ready to start trading almost instantly.

oil profit logo

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

FAQs

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