Oil Profit is a trading platform reportedly generating insane profits for users through oil trading. It’s driven by Artificial Intelligence (AI) technologies to conduct trading research and order execution.
Oil Profit trades oil volatility through a financial instrument known as a Contract for Difference (CFD). You can trade with this system successfully, even with zero crypto trading skills. This is because all trading is fully automated.
Most people are asking whether Oil Profit is legit or a scam. This review offers an in-depth look into this platform and provides tips to help you use it successfully.
But first things first, leveraged oil CFDs trading could reportedly make you rich faster, but it also involves high risk. Treat Oil Profit as a high-risk investment and hence only invest what you can afford to lose.
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Oil Profit Review – Is it a scam?
This review finds Oil Profit to be legit. There is also a likelihood that a lot of people have made good profits with it.
This trading system has over fifty thousand individual consumer reviews across the web. It’s also reviewed by several high profile publications in the UK, Australia, and South Africa.
An analysis of Oil Profit TrustPilot reviews indicates that most users are happy with it. Most rate it five stars and report making profits with it. The reviewers claim to earn up to 70% daily.
This rate of return has reportedly helped some grow a small account with as little as USD250 to $1 million within a few months of trading.
We have also analyzed the over ten Oil Profit Reddit threads, and the feedback is the same. Oil Profit is also top-rated on transparency, safety, and ease of use. They have published all information relating to their pricing, technologies, and partner brokers.
Oil Profit seems to work with the industry’s top brokers. The trading system does not connect directly to liquidity providers and must rely on the brokers to execute orders.
Oil Profit isn’t licensed as a financial institution and must rely on these brokers to handle transactions with clients. Users have assurance of the safety of their deposit, given that all the partner brokers are well regulated.
Oil Profit trades on the leverage of up to 3000:1 as provided by the partner brokers. This leverage magnifies trades and hence profitability but could also contribute to huge losses. Invest wisely!
All trading carries risk
Why trade with Oil Profit?
Oil is currently among the world most volatile assets, given the price wars between oil-producing countries.
Volatility refers to the ups and downs of an asset price. High oil volatility creates immense opportunities for oil CFDs traders. The Oil Profit trading system allows ordinary people with zero trading experience to capitalize on the potentials found in oil CFDs trading.
As the demand and supply for oil continue to become more unpredictable, the price swings are bound to keep increasing. Oil Profit allows users to take advantage of these price swings by trading both the rise and the fall of the prices.
The trading system applies short-selling techniques to profit from falling prices. Oil Profit applies High-Frequency Trading (HFT) techniques, including scalping.
According to Investopedia, scalping is a technique that involves profiting off small price changes and making a fast profit off reselling. Oil Profit applies high leverage to make the most out of the price changes.
As stated earlier, leveraged trading has both an advantage and a disadvantage. It allows traders to make good profits out of small price changes but could also lead to devastating outcomes, given that it also magnifies losses.
All trading carries risk
Oil Profit Trading Instruments
Oil Profit offers exposure to over 15 oil CFDs. A CFD is a financial derivative that allows traders to speculate on asset price swings without owning it.
In other words, it allows you to place bets on the underlying asset without having to buy it. CFD trading is highly lucrative but could also lead to devastating losses, given the level of leverage involved. As mentioned earlier, Oil Profit trades at a leverage of up to 5000:1.
Think of leverage as a form of debt capital offered by the broker relative to your invested capital. A margin of 5000:1 means that you can use up to $5000 in borrowed funds for every invested dollar. Of course, this is not a typical loan and hence doesn’t involve any lien.
Trading on high leverage involves risk, and that’s why Oil Profit provides risk control tools such as Stop Loss, Take Profit, and a Negative Balance Protection.
With Oil Profit, you can trade highly volatile Oil CFDs such as Brent Crude, WTI Oil, US WTI, and US Natural Gas, paired against the USD, GBP, and EUR.
Oil Profit selects and trades the most volatile CFDs pairs automatically. This means that you don’t have to worry about the trading lingo used in oil CFDs trading.
Oil Profit Trading Platform
The Oil Profit trading system is available in web and mobile versions. You can easily trade with it even if you have never traded before.
Most of the reviews we have analyzed indicate that it comes with an intuitive user interface. It would help if you watched the Oil Profit trading tutorial to understand the trading platform well.
Moreover, you will be assigned a dedicated account manager to help you master all the trading functions faster. As mentioned earlier, all you need to do is adjust the risk management features and toggle the live button.
Oil Profit algorithms are the automation of HFT trading techniques. The trading system applies scalping strategies to capitalize on even the slightest price movement. Investopedia defines scalping as a trading style that specializes in profiting from small price changes.
Oil Profit derives trading signals from historical market data and breaking news. The bot generates signals from historical data by analyzing historical price charts for patterns. Asset prices are usually cyclical, and hence it’s possible to determine a future price trend from historical trends.
Oil Profit News Trading Feature
News trading involves deriving tradable insights from notable news announcements. Oil Profit is powered by the AI subset of Natural Language Processing (NLP) to identify and act upon tradable news. News affects asset prices in various ways.
For instance, if OPEC announces cutting down prices, oil prices are likely to go up. This is because people are likely to buy more in anticipation of the decline in supply. A good news trading system should detect this news and place trades before the markets can factor in this information.
Oil Profit is reportedly always ahead of the markets. However, there are instances when users have made losses on miscalculated trades. This is expected since no trading platform on earth is 100% accurate.
All trading carries risk
Getting Started With Oil Profit
Trading with Oil Profit should be easy if you follow its trading instructions carefully. As stated earlier, this trading system is accompanied by a 15-minute tutorial video and a demo account.
Going through the tutorial and the demo should get you fully prepared for live trading. Oil Profit only works in countries where retail CFDs trading is supported. Follow the steps explained below to start trading with Oil Profit.
Is Oil Profit a scam? Final word!
We have investigated Oil Profit, and it’s not a scam. This trading system has a proven track record, having been around for over five years.
Oil Profit offers automated oil CFDs trading. It’s supposedly among the most profitable CFDs trading systems in the market today.
With Oil Profit, you get exposure to over 15 oil CFDs instruments, including US Oil, UK Oil, Brent Oil, Natural Gas, and many more. You don’t need to know any trading lingo or have any trading skill to use Oil Profit.
All trading is automated. Oil Profit applies advanced client safety measures, including operating through highly regulated brokers.
Is Oil Profit trustworthy?
We have tested Oil Profit and found substantial evidence to show that it’s legit. This trading system operates transparently and is powered by some of the industry’s best trading technologies.
How much do I pay to use Oil Profit?
YOil Profit is free for all users. However, registration opportunities are not always available. Take advantage and sign up immediately if a slot is available.
Is Oil Profit profitable?
Most users review oil Profit as highly profitable. You could make up to 70% in profits daily during high oil volatility. Trading with Oil Profit involves high-level risk.