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Oil Profit Review 2024

Ryan Matthews
February 22nd, 2024
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What Is Oil Profit Crypto Robot?

Oil Profit works like many automated cryptocurrency trading platforms. It claims to use specific algorithms to judge the market and make automated trades.

Alternatively, users can set parameters or experiment with a demo account until they are satisfied with a trading strategy; the bot will only make trades according to your parameters.

Oil Profit claims it makes profits for account holders. However, no trading bot can guarantee its algorithms will make money. Trading bots are one of the most unreliable ways to place trades. Oil Profit advertises the oil market on its homepage but does not mention the various risks associated with auto trading, so proceed with caution.

This Oil Profit review examines its functionality, usage procedures, operational mechanisms, both positive and negative aspects, and essential considerations to bear in mind before considering its utilization.

Oil Profit Overview

Oil Profit Is a trading AI that advertises itself by using sophisticated algorithms to spot profitable trading chances. In this section, we'll give you a quick review of Oil Profit and what it aims to offer:

🤖 Robot Type:

Trading Robot

💸 Minimum Deposit:

$250

🚀 Claimed Win Rate:

90%

💰 Trading Fees:

None

💰 Account Fees:

None

💰 Deposit/Withdrawal Fees:

None

💰 Software cost:

Free

⌛ Withdrawal Timeframe:

24 Hours

💲 Supported Fiats:

USD, EUR, GBP

📱 Native Mobile App:

No

🖥️ Free Demo Account:

Yes

🎧 Customer Support:

Email, Phone

✅ Verification required:

KYC

🔁 Automated Trading:

Yes

📈 CFD Available

Yes

Pros and Cons of Using Oil Profit

Pros
  • Numerous brokers to choose from
  • Easy to set parameters for a custom trading strategy
  • Automated processes streamline trading practices
Cons
  • Numerous false reviews online
  • Trading bots are notoriously unreliable

Who is The Oil Profit Owner?

According to other reviews online, Oil Profit started as an idea whereby expert traders came together to create an AI-enabled tool to assist traders in streamlining their activities.

Together with software developers, they teamed up and created Oil Profit, which has become one of the best trading robots, according to user testimonials. The best element about this robot is that it is said to be constantly updated by the owners, who reportedly spend countless hours tracking the market to ensure every aspect is up to date. In addition, it is integrated with world-renowned brokers.

However, as the robot's founders haven't been named, we can't verify any of this.

How Does the Oil Profit Work?

Oil Profit is a platform that offers automated trading services for cryptocurrency. It allows users to create and implement their own trading strategies. Oil profit team claims that it works by using smart algorithms and learning from the past to study the crypto market and uncover money-making trends. Once set- up, it allows users to create and implement their own trading strategies.

Oil Profit Platform

How Does Oil Profit Platform Work?

Oil Profit is an intelligent robot that claims to work by using algorithms, APIs, and user-defined parameters to make trades on oil and other natural fuel assets.

Users purchase a contract on oil’s price and attempt to sell at a higher price for profit. Users can let Oil Profit make automated trades or alter parameters so the trading platform executes their trading strategy. Oil Profit offers a demo account so you can get to grips with the platform risk-free.

This trading bot claims to utilize formulas that have been tried and tested, breaking down market data to find strong connections between all sorts of factors that influence prices.

Can I Use Oil Profit In My Country?

Oil Profit is available in any country that allows CFD trading. Some of these locations include:

Country

Is Oil Profit available?

Can I Use Oil Profit in the UK

Yes

Can I Use Oil Profit in Canada

Yes

Can I Use Oil Profit in Australia

Yes

Can I Use Oil Profit in USA

No

Can I Use Oil Profit in South Africa

Yes

Can I Use Oil Profit in New Zealand

Yes

Can I Use Oil Profit in Philippines

Yes

Can I Use Oil Profit in UAE

Yes

Can I Use Oil Profit in Singapore

Yes

Can I Use Oil Profit in France

Yes

Can I Use Oil Profit in Spain

Yes

Can I Use Oil Profit in Italy

Yes

Can I Use Oil Profit in Germany

Yes

Can I Use Oil Profit in Nigeria

Yes

Can I Use Oil Profit in Mexico

Yes

Oil Profit is unavailable in the United States and certain other countries where CFD trading is illegal.

What Cryptocurrencies and Products Can you Trade using Oil Profit Crypto Robot?

One of Oil Profit’s selling points is that it offers contracts on oil. As such, you can trade on the price of oil and other natural commodities. If you are looking for a trading bot that offers cryptocurrencies, you should go somewhere else to trade Bitcoin.

Besides offering contracts on crude oil, Oil Profit allows you to trade other commodities, stocks, and currencies.

What is the oil profit robot?

Oil Profit advertises itself as an automated trading robot that works on many markets including commodities and crypto.

What Leverage Trading Options Are There for Oil Profit Crypto Robot?

The Oil Profit website does not provide information about leveraged trading. However, most trading bots do allow leveraged trading.

Leveraged trading involves the broker lending an amount of money more significant than your deposit to maximize your potential profit. So, if you were to trade with 1000x leverage on a $100 stake, you could execute trades worth $100,000.

Keep in mind that leveraged trading is one of the quickest ways to lose all your funds. If you are not careful, you can end up in a lot of debt. We recommend not using leverage unless you are experienced and only margin trading through regulated brokers.

Do you want to know more about leveraged trading? Take a look at our guides:

How to Get Started With Oil Profit Crypto Robot

Our Oil Profit review will show you how to start trading with Oil Profit. Here is a brief overview of the procedures.

  1. Register for a trading account and verify

To start trading, you’ll need to sign up for an Oil Profit account by filling in your personal information and then check your inbox for a verification email.

  1. Sign up with a Broker

You will be paired with a broker who will serve as your trading partner. Depending on the specific broker, additional information may be requested.

  1. Define your Strategy

Whether you want to experiment with new approaches, rely on established methods, or formulate your own game plan, Oil Profit provides educational resources to assist you, even if you're a newcomer to cryptocurrency trading.

  1. Practices In Demo Mode

Before fully committing, test your strategy with a trial run. The demo account allows you to evaluate your ideas using actual market data. The positive aspect is that if your strategy proves effective in this environment, it may show promise when implemented live. However, it's crucial to note that success in the demo doesn't guarantee success in live trading.

  1. Deposit Funds

The minimum required deposit is $250, which is directly credited to your broker account. It's essential to verify that the deposit options and limits align with your specific financial situation.

  1. Start Trading Cryptos on Oil Profit

Once the funds are deposited, members can explore and trade with their preferred cryptocurrency assets. Navigate to the dashboard, search for your chosen asset, and begin trading.

How does Oil Profit compare to other Trading Robots?

If you compare oil profit with other trading robots like Immediate Edge and Immediate Momentum, then you will know that Oil Profit is the AI Tool that doesn’t just offer automated trading service but also claims to use smart algorithms and learning from the past to study the crypto market and uncover money- making trends. Whereas the other tool just claims to offer an automated trading service.

How to Delete an Oil Profit Account?

Oil Profit allows you to delete your trading account in two different ways. First, you can delete it from its menu section at the top corner of the webpage. Alternatively, visit the broker it is connected with and delete your account with the broker. However, it is always best to contact support and notify them of your intention for guidance.

How to Withdraw Money From Oil Profit?

The Oil Profit platform is not responsible for storing your funds. Luckily, the brokers it cooperates with have digital wallets where you can access your money. Here is how to withdraw money through Oil Profit integrated brokers.

  1. Visit the broker’s website and log in to your trading account.

  2. On your wallet, click withdraw and select your preferred payment method

  3. Enter the amount you wish to withdraw

  4. Complete the process and have the money transferred to your preferred account within 24 hours.

All withdrawals will be made in fiat currencies. Therefore, ensure you convert your assets to your preferred fiat currency supported by the broker to complete the process successfully.

How Much Profit Can I Make With Oil Profit?

While Oil Profit streamlines trade, making a profit with it is not easy without a solid trading strategy and creating time to track its performance. Bear in mind that profits are never guaranteed when trading, and you could easily make losses.

Fees, Limits, And Payment Options On Oil Profit Crypto Robot

How Much Does Oil Profit Crypto Robot Cost to Use?

Every user needs to pay a $250 deposit when they create their account. This deposit amount is very similar to other auto trading platforms. Users cannot enable auto trading until they have paid. There are no other subscription or membership costs.

Simply put, Oil Profit is affordable since you will not pay any fee besides the minimum deposit requirement of $250. Luckily, it also has deposit bonuses. Simply look out for the bonuses and ensure it is integrated with a broker suitable for your trading needs.

💸 Minimum Deposit:

$250

💰 Trading Fees:

Zero

💰 Account Fees:

Zero

💰 Deposit/Withdrawal Fees:

Zero

💰 Software cost:

Zero

💰 Subscription cost:

Zero

What Withdrawal Fees Does Oil Profit have?

Oil Profit does not charge for withdrawals. Even though the platform does not charge fees, your chosen broker might. So be sure to check before signing up.

What Are The Payment Methods Accepted By Oil Profit?

Oil Profit accepts numerous payment methods, including:

  • Credit card

  • Debit card

  • Skrill

  • TrustPay

  • SafeCharge

Other payment options are available, though you cannot pay via some popular means like PayPal, Venmo, GooglePay, or ApplePay.

Withdrawals will go straight to your preferred payment method. Users may incur additional charges from their bank.

Some deposits may take up to 7 working days to reach your account.

Does Oil Profit Crypto Robot Charge Fees And Commissions?

The Oil Profit platform does not charge any fees for making withdrawals or deposits.

However, account holders need to pay a small commission whenever they make a profit. This commission will be taken from your account, and you won’t have to pay anything extra.

Is Oil Profit a good investment?

According to many investors, one should avoid investing in Oil Profit as it is not regulated. Investors consider investing in a regulated platform which makes regulation an essential aspect of any platform. It's important to consider the regulation of a broker when investing to ensure the safety of your funds. But, even if a broker is regulated, this will not give you the assurance that your investment is safe. Hence why it's essential to choose a broker that is regulated by a reliable and trustworthy regulatory authority. Make sure to conduct thorough research before selecting a broker.

Extra Information About Oil Profit

Oil Profit Educational Resources

Oil Profit has some basic information about the oil market on its homepage. However, there are no other articles or blogs linked to the Oil Profit website. If you want to educate yourself, you’ll need to do your own research. There is a small FAQ section, but this does not have much information about the oil trading process outside of Oil Profit.

Traders looking for Bitcoin trading learning resources should consider those hosted by the brokers it is connected with. Also, there are plenty of website blogs, YouTube channels, and podcasts to learn from and develop your skills. We also advise you to test your skill level using the bot’s demo account before using Oil Profit.

Oil Profit Tools And Charting

Oil Profit does not have too many tools aside from custom parameters to implement your trading strategy. Most trading tools are automated. However, you can also view charts and keep up-to-date with the asset market.

Oil Profit Customer Support

Oil Profit has a customer support service. Users can contact customer support via email and phone. An advisor will be happy to help with any queries. Non-users can contact Oil Profit through a contact form on the website.

Oil Profit Customer Support

Details

Oil Profit support email

Not available

Oil Profit support contact number

Not available

Oil Profit live chat option

Not available

Oil Profit other support options

Online form

Oil Profit Demo Account

Oil Profit’s demo account can only be accessed once you sign up for a trading account and make the required deposit of at least $250. You can test the bot’s performance with the demo account and decide whether it suits your trading needs. Oil Profit is also the best platform to practice what you have learned before using the trading platform to carry out trading in the live market.

Security and Regulation Overview

Is Oil Profit Regulated?

We could not verify whether Oil Profit is regulated in any jurisdiction. Some of the partnered brokers may be regulated, but you’ll need to confirm this with the broker directly. Since Oil Profit is not regulated, it cooperates with regulated brokers to guarantee the safety of traders’ funds. As mentioned above, the best Oil Profit integrated brokers are overseen by authorities such as the Financial Conduct Authority (FCA).

Is Oil Profit Secure?

Oil Profit has numerous anti-virus and anti-malware software logos on its website. However, we could not verify whether Oil Profit uses this software. Oil Profit uses SSL encryption to protect financial and personal information from hackers. The platform also requires account verification and KYC authentication before users can progress to live trading.

Also, the Oil Profit robot gives information to third parties. If you want to find out more, you can view Oil Profit’s privacy policy on the website.

Is Oil Profit Scam?

Oil Profit has been called a scam by users on social media websites due to videos that make fraudulent claims about success rates and pretend to be marketing material of the platform itself.

However, these videos are user-published and not published by an independent verifier or Oil Profit themselves, so it is difficult to say with certainty how legitimate these videos are.

Oil Profit Crypto Robot Celebrity Endorsements

Many traders are misled by online speculations regarding Oil Profit being related to top companies or celebrities. We strive to provide our readers with accurate information, and that is why we did research on the following claims.

Is Donald Trump Related to Oil Profit?

No. Donald Trump is the 45th president of the United States. He is also a media personality and businessman. Trump is not involved in auto trading, making all rumors linking him to Oil Profit untrue.

Is Ryan Reynolds Related to Oil Profit?

No. Ryan Reynolds is a Canadian-American actor with years of experience in the acting field. Reynolds has never invested in Bitcoin or oil. He has also never endorsed Oil Profit, making all rumors untrue.

Is Jeremy Clarkson Related to Oil Profit?

No. Jeremy Clarkson is an English broadcaster and a game show host. Besides motoring, Clarkson loves farming and is not connected to Oil Profit.

Is Elon Musk Related to Oil Profit?

No. Elon Musk is an American business mogul and the CEO of Tesla and SpaceX. Musk never endorsed Oil Profit nor used it to automate his investments.

Is Bill Gates Related to Oil Profit?

No. Bill Gates is an American business magnate, investor, author, and philanthropist. He is the co-founder of Microsoft. Sadly, all the rumors regarding Bill Gates and Oil Profit are untrue since there is no proof stating otherwise.

Is Mel Gibson Related to Oil Profit?

No. Mel Gibson is an American actor, producer, and film director. We found no link between Gibson and Oil Profit, making all the ongoing rumors linking him with the robot untrue.

Is Gordon Ramsay Related to Oil Profit?

No. Gordon Ramsay is a celebrated British chef who has appeared on various TV cooking shows. Ramsay has never endorsed Oil Profit or used it to trade.

What to Consider When Starting With Oil Profit

Before diving into the world of Oil Profit, it's essential to thoroughly examine their rules and regulations to gain a comprehensive understanding of their operational procedures. We conducted a close analysis of Oil Profit's functioning and assigned scores out of five for various key aspects.

Affiliated Brokers

  • The brokers associated with Oil Profit are highly reputable and regulated by the Cyprus Securities Exchange Commission (CySEC). Renowned for their reliability and adherence to industry standards, these brokers offer a choice to users upon joining Oil Profit.

  • Users can select a partner broker based on spreads, deposit options, and user-friendly interfaces. It's important to note that the available brokers may be limited, and users are restricted to the options provided by Oil Profit.

No Hidden Fees

  • In contrast to some other cryptocurrency bots, Oil Profit operates on a transparent fee structure with no hidden charges. Trading is cost-free, deposits incur no fees, and users can expect a straightforward experience without any surprises.

Fund Transactions

  • Initiating your Oil Profit journey necessitates a minimum deposit of $250, which can be conveniently made via credit card or bank transfers. While credit card deposits offer a quicker option, usually taking just a few minutes, bank transfers may take longer depending on geographical locations and banking processes. There is no minimum limit when withdrawing earnings.

Verification System

  • To use Oil Profit, users must pass the Know Your Customer (KYC) test, involving the submission of ID proof such as a driver's license and a utility bill or bank statement. The verification process was found to be quick and straightforward.

Customer Service

  • Oil Profit provides support through a 24/7 email support system when users require assistance. The support team is prepared to aid in setup and problem resolution. During our test, an email inquiry received a response within a day. However, it's worth noting that there is no quick chat or phone call option, which could be advantageous in urgent situations.

User Testimonials

  • While there are not as many user reviews for Oil Profit compared to other cryptocurrency robots, the ones available are generally positive. However, the quantity of testimonials is limited

Oil Profit In The News

Is Shark Tank Related to Oil Profit?

No. Shark Tank is a TV reality show that helps upcoming entrepreneurs receive funding from top investors to grow their businesses. So far, The Shark Tank show has no history of featuring Oil Profit, nor has its host endorsed the robot.

Is This Morning Related to Oil Profit?

No. This Morning is a British TV show hosting various prominent individuals to educate viewers on topics, including politics, cooking tips, celebrity news, and more. We reviewed all its featured episodes and couldn't find one related to Oil Profit.

Is Oil Profit the Most Profitable Crypto Robot?

Oil Profits isn’t a crypto trading bot but an investment education site. It is difficult to conclusively say whether it is the most profitable platform in its niche. This is because the educative value is relative. The site, however, claims to cater to budding investors by providing them with a precise learning system that deciphers their needs. This way, it connects them with the right firms for their investment education.

Is Oil Profit Based in Spain?

We haven’t found evidence linking Oil Profits' origins or location to Spain. However, its website has the Spanish language option. This feature confirms that Spain is one of the countries under its sphere of operations.

Additionally, a deep fake that circulated in the Spanish language purporting to push the website indicates that the country is among the markets it serves.

Are People Using AI Video to Fraudulently Prompt Oil Profit?

Reports from Mexico suggest that unscrupulous individuals are using an AI-generated video to “encourage” investments in Oil Profit. The heavily edited video depicts Mexican President Manuel Lopez Obrador seemingly endorsing the bot and urging his countrymen to invest in the platform.

A Mexican government spokesperson refuted that suggestion, insisting that the viral video carried a manipulated audio from a past event. The video’s generators had promised viewers earnings of up to 65K pesos monthly for signing up.

Other Oil Profit Reviews & User Testimonials

Besides confirming Oil Profit company/celebrity endorsement rumors, we also analyzed user reviews and testimonials regarding their experience with the robot. Here are our findings from Oil Profit review sites.

What Are The Top Oil Profit Reviews on Reddit?

Reddit is one of the social platforms where users leave their reviews regarding their experiences with various companies. However, we couldn't find any mention of Oil Profit on Reddit.

What Are The Top Oil Profit Reviews on Trustpilot?

Users also reviewed Oil Profit on Trustpilot. Responses were mixed, with some calling the robot user-friendly and efficient, while others stated that the customer service left a lot to be desired.

Oil Profit App

The Oil Profit robot works on many devices as long as they are connected to the web. Oil Profit is entirely web-based and does not have a dedicated Oil Profit app for mobile. However, it works on all major browsers, including Safari, Chrome, Firefox, IE, and some others.

Typically, Oil Profit works on these devices:

  • Tablets

  • Laptops

  • Computer

  • iOS

  • Android

Oil Profit Review - Our Verdict

According to online reviews found during our research, we believe that Oil Profit shows signs towards being a legitimate cryptocurrency trading platform. The platform operates in the same fashion as other automated crypto trading platforms that offer automated and manual trading worldwide.

However, with all cryptocurrency trading platforms, your capital is at risk, and you could stand to lose some or all of your investment.

Frequently Asked Questions

Is the Oil Profit Crypto Robot a reliable trading bot?
Do I need any trading knowledge to get started with Oil Profit?
Are there any risks of using Oil Profit?
Does Elon Musk or any corporations (like Tesla) use Oil Profit?
Oil Profit celebrity and media endorsements, is it all true?
My Oil Profit account is frozen, what can I do?
Are there any hidden fees with Oil Profit?
What to do if you're losing money with Oil Profit?
How to stop receiving Oil Profit spam emails?
Is Oil Profit a scam and a pyramid scheme?
Does Oil Profit trade oil stocks or cryptocurrency?

Contributors

Writer
Ryan is a crypto-aficionado who started writing about the topic 5 years ago. He likes to stay on top of current developments in the industry, and has invested in a number of different coins and projects over the years himself. His current obsession lies with with automated trading softwares and emerging AI-tools in the investment space.