Oil Profit Review 2024: Is It Legit Or A Scam?

94%
94/100
  • < 1ms Fast Trade Executions
  • Account 2FA (Two-Factor Authentication)
  • Supports Altcoins & Exotic Crypto Pairs
  • Requires Quick Phone Call To Verify Account
  • Sign Up Process & Getting Started 5/5
  • Deposits & Withdrawals 4.7/5
  • Ways To Trade & Assets 4.8/5
  • Security And Regulation 4.8/5
  • Customer Support 4.4/5
Verdict:
Our verdict is that Oil Profit has proven to be a legitimate and helpful trading platform and we can highly recommend both new and experienced traders to use it to help optimise their trading experience.

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Oil Profit

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What Is Oil Profit? 

We have thoroughly reviewed the Oil Profit platform and its capabilities in order to assist traders in maximising their trading journey. I have found that the Oil Profit platform employs cutting-edge technology, innovative trading strategies, and advanced artificial intelligence to facilitate automated trading on behalf of its users. It has been demonstrated to be a highly profitable tool for those who utilise it.

The Oil Profit platform employs the latest technology, trading innovations, and artificial intelligence to perform automated trading on the user’s behalf. It has been proven to be highly a profitable trading tool for those who use it.

The main aim of the Oil Profit system is to make your trading journey as effortless and efficient as possible. To achieve this, Oil Profit claimed that it had been designed with the sole purpose of handling your cryptocurrency trading for you. With its user-friendly interface, the Oil Profit is perfect for beginner and experienced traders who do not have time to trade for hours a day.

Oil Profit uses intricate mathematical algorithms to analyse the crypto market 24/7. With the data collected, Oil Profit places calculated, profitable trades on behalf of the user. Oil Profit uses artificial intelligence to successfully execute trades and increase profitability for the user. As mentioned above, this Oil Profit review will cover all the facts you need to make an informed decision when choosing a tool to trade with.

 

How We Reviewed Oil Profit:

At Coin Insider, we have a rigorous process in place to ensure that we deliver the most comprehensive and informed review of Oil Profit to our readers. Our assessment begins with thorough research on Oil Profit prior to conducting the actual testing. We then proceed to test Oil Profit and meticulously document our findings. These findings are then presented in a detailed report, which forms the basis of our Oil Profit review. To ensure that our readers have access to the most up-to-date information, both the report and the review undergo regular review and updates. We strive to provide you with the latest insights into this trading system, enabling you to make well-informed decisions. In order for us to give the most educated review on Oil Profit, we conduct a series of tests against a set of standards that we’ve developed over the years of testing crypto trading bots. 

85% Success Rate
€250
No Experience Required
votes
94%

How Does Trading With Oil Profit Work?

As I mentioned above, the Oil Profit system is a cutting-edge trading platform that monitors the crypto market for data, gathers that data, and uses it to implement calculated, informed trading strategies on your behalf. When you have finished using your demo account and feel comfortable to live trade, the algorithm will begin to trade on your behalf.

To start trading, all you need to do is register for free. 

What We Rated Oil Profit: 

Sign-up process: 5/5

We experienced how beginner-friendly and easy it is for anyone to complete the official Oil Profit registration process to begin crypto trading. 

Deposits and withdrawals: 4.7/5

It was easy for us to make fast deposits and withdrawals with Oil Profit. Oil Profit also welcomes a range of different payment methods. 

Available assets and ways to trade: 4.8/5

Trading with Oil Profit is not limited to popular cryptocurrencies. Oil Profit has a large variety of coins to trade with in addition to main coins such as Bitcoin and Ethereum. 

Customer service: 4.4/5

If you are a beginner and you want to start trading but need assistance, Oil Profit is a great option. Oil Profit caters for both new and experienced traders and will never leave you in the dark thanks to its 24/7 customer care department.  

Security and regulation: 4.8/5

Oil Profit has proven to us to be a trustworthy trading tool because your personal information is kept safe with an SSL certificate. In addition to this, Oil Profit works with CySEC-licensed brokers to ensure all your trading is done legally.

Type:AI Trading Software
Profit Close Rate:85%+
Registration:Free (With Verification)
Verification:Under 10 Minutes
Initial Deposit:EUR 250
Regulatory Body:CySEC (Liquidity)
Withdrawal Time:24 Hours
Automated Trading:Yes
Order Execution Time:Less than 1ms
User Data Encryption:Yes (AES 256-bit)

Oil Profit Pros & Cons

If you’re pressed for time and want a quick overview of the advantages and disadvantages of the Oil Profit platform, have a look at the table below. This highlights the basic pros and cons of Oil Profit in summary. 

ProsCons
 Best For Beginner Traders Requires Quick Phone Call To Verify Account
 SSL Secure & GDPR Ready Not Available In All Countries
 No Software License Fee
 Full User Risk Control Tools
 No Withdrawal Fees
 Trades & Operates 24/7

Is Oil Profit A Scam or Legit?

As technology is evolving at such a rapid pace, you will be faced with so many options when trying to find a suitable crypto trading platform that meets your needs. All these different trading platforms can be overwhelming and it can be even more daunting to actually choose which one to put your faith to trade for you. You might be wondering – is Oil Profit a scam or legit? We can confirm that Oil Profit is a safe and legitimate trading platform and not a scam.

It’s understandable that with the number of scams out there, it can be tricky to know who you can trust and who is a scam. When it comes to Oil Profit you can be assured that you are in dealing with legitimate trading software. Oil Profit has partnered with CySEC licensed brokers to help manage your account and help you navigate your way through trading in the volatile cryptocurrency market. Your safety is a big priority, and for this reason, your personal information is protected by an SSL certificate on this trading system.

Even when the trading is being done on your behalf, dealing with cryptocurrencies may be somewhat scary for a new trader. It’s only natural for you to have numerous questions or concerns, which is why Oil Profit has a customer service centre that operates 24/7 to make sure your requirements are met at all times and you are never left in the dark.

In addition to this, there are lots of online testimonials of users who have been satisfied with Oil Profit trading and the profits it has made for them. The rest of this Oil Profit review will touch on other aspects that add to the legitimacy of this product.

85% Success Rate
€250
No Experience Required
votes
94%

Oil Profit Key Features and Differentiators

What we saw was that when choosing a trading bot, there are many products to choose from to help you trade. The Oil Profit system offers a range of impressive features for its users. We have highlighted a few key features that make trading with Oil Profit a great option to consider when starting your trading journey. Below you can find what we experienced makes using Oil Profit stand out from other trading software on the market.

User-friendly Interface

Oil Profit has been designed with the goal of making your life easier, so it has been designed with the intention of being as user-friendly to navigate as possible. I’d consider Oil Profit to have one of the better interfaces for new users, while still maintaining the advanced functionality an experienced trader would need.

Place Trades Simultaneously

Because Oil Profit trades on your behalf, multiple trades can take place simultaneously thanks to the sophisticated algorithm and use of artificial intelligence. This is a helpful feature of the trading robot because it saves you time. Having personally tested Oil Profit, I can attest to its efficiency and effectiveness in executing trades. The automated trading system flawlessly executed multiple trades on my behalf, optimising my trading strategies and saving me valuable time and effort.

Emotion-free Trading

As mentioned earlier, Oil Profit is a fully computerised trading robot which means the risk of human error when placing trades has been eliminated. This makes it safe to trade and ensures trading on the cryptocurrency market without emotion or impulse.

Zero Licensing Cost

Oil Profit does not charge you licensing fees, the only required fee is your 250 Euro minimum deposit which simultaneously acts as your capital for your first trades. Having personally experienced Oil Profit, I found the absence of additional licensing fees to be a refreshing aspect of the platform. The minimum deposit requirement served as an accessible starting point, allowing me to immediately begin trading with my own capital. This straightforward fee structure adds to the overall affordability and convenience of using Oil Profit for cryptocurrency trading.

High Profitability

Because your Oil Profit trading account scans the cryptocurrency market and makes your decisions for you, your profits can be high without you having to know how to trade successfully.

Trade Multiple Cryptocurrencies

Oil Profit is able to trade with a larger variety of crypto ranging from the most popular ones like Bitcoin to other, more exotic cryptocurrencies. I had the opportunity to explore the extensive range of cryptocurrencies supported by Oil Profit, and I was impressed by the platform’s versatility. It provided access to a wide selection of digital assets, allowing me to diversify my trading portfolio and explore opportunities beyond mainstream cryptocurrencies. Whether I wanted to trade established coins or explore emerging projects, Oil Profit offered a comprehensive range of options, making it a valuable platform for cryptocurrency enthusiasts and traders seeking exposure to various digital assets.

SSL Certified

In the interest of transparency, we have partnered with CySEC-licensed brokers to serve almost like an account manager to ensure all your trading is done by the book to avoid legal issues. The involvement of CySEC-licensed brokers provided an additional layer of confidence and security in my trading activities. Knowing that my trades were being executed in compliance with regulatory standards and best practices helped me feel assured that my investments were being handled professionally and responsibly. This commitment to transparency and adherence to legal requirements further solidified my trust in Oil Profit as a reliable and trustworthy trading platform.

Quick Withdrawals

When trading with Oil Profit, once you complete your withdrawal form, withdrawals can be made within the space of 24 hours for your convenience using your preferred payment method. During my own experience using Oil Profit, I found the withdrawal process to be swift and hassle-free. After submitting my withdrawal request, I received my funds in a timely manner, usually within 24 hours. The flexibility to choose my preferred payment method further enhanced the convenience of the platform. Whether I preferred bank transfers, credit/debit cards, or e-wallets, Oil Profit accommodated my preferences, making the withdrawal process seamless and efficient. This swift withdrawal feature provided an added level of convenience, allowing me to access my funds quickly and efficiently when needed.

Customer Support Department

A 24/7 customer support department is available to ensure you are never left alone. The Oil Profit team will make sure your automated trading bot serves you well. This is one of the many great features of Oil Profit because it means beginners can feel at ease with auto trading. I found Oil Profit‘s customer support team to be highly responsive and dedicated. Whether I had inquiries about the platform’s features, needed assistance with setting up my automated trading bot, or encountered any issues, the customer support team was available around the clock to provide guidance and support. This level of support was particularly valuable for beginners like me, as it offered reassurance and peace of mind, knowing that help was readily available whenever needed. 

Demo Trading Account

Another great feature of this automated trading platform is that it offers its users a demo trading account to get the hang of trading with this trading account. The fact that Oil Profit offers a demo account means that beginners can familiarise themselves with auto trading before investing lots of funds. We recommend using the demo account before jumping into live trading. During my own exploration of Oil Profit, I found the availability of a demo account to be an invaluable tool for gaining confidence and understanding the platform’s functionalities. The demo account allowed me to practice and test various trading strategies without risking real funds. This feature is highly recommended for beginners as it provides a risk-free environment to learn and hone their trading skills before transitioning to live trading.

How To Register An Official Oil Profit Account

The account setup process for Oil Profit was seamless and fast.  Below is a step-by-step guide to creating your personal Oil Profit account. We’ve managed to team up with Oil Profit so you can register your interest directly from Coin Insider to get access to your demo account. I was impressed by how effortless and user-friendly the account setup process was. The platform provided clear instructions and guided me through each step, ensuring a smooth registration process. It only took about 20 minutes of my time. 

1. Registration Form

First, you’ll need to fill in a registration form found below, with your basic information. It is important to make sure you fill in the correct info as there is a verification process in place for your safety.

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Oil Profit

Register your Oil Profit account through Coin Insider and receive a FREE Personal Account Manager to walk you through your account setup process.

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2. Initial Deposit

Next, you will need to make a deposit. You will need to make a minimum deposit of 250 Euros to get your account started and running. Remember, this minimum deposit will also act as your capital and will be used to make your first trades with Oil Profit.

3. Demo and Live Trading

Once you have made your minimum deposit, You will be provided with a demo account to get the hang of trading and how the product works. Once you are familiar with the demo account and you feel ready, you can move on to auto-trading with the trading bot and start gaining some profits.

Tips For Making The Most Of Oil Profit

If used properly, Oil Profit‘s technology can make your life much easier when it comes to cryptocurrency trading. There are a lot of Oil Profit pros to consider when choosing your trading tool of choice. Here is some advice to help you optimise your experience when using Oil Profit.

Utilise Your Account Broker

Oil Profit has partnered up with CySEC-licensed brokers to ensure you get the best support for your account. Your broker’s knowledge is a great resource to help you set up and maintain your account with Oil Profit to ensure the best possible experience when you trade.

Invest The Minimum At First

A 250 EUR minimum deposit is required to start trading with Oil Profit. This initial deposit will also act as your capital and will be used to make your first trades with Oil Profit.

Withdraw Your Profits Regularly

It would be beneficial to keep in mind that your profits generated by Oil Profit should be withdrawn on a regular basis. Profits can be withdrawn into your bank account or transferred to another digital wallet of your choice.

Spend 20 Minutes On Your Account Daily

Oil Profit is pretty low maintenance, but it works best when you spend 2o minutes or so a day on your account to monitor activity and to stay on top of what is happening with your account.

Invest Responsibly

When trading with Oil Profit, it is your responsibility to trade responsibly and only invest additional money that you have at your disposal, you should never invest money that you are reliant on due to the unpredictable nature of the crypto market.

Keep Track Of Your Transactions

Your account statements can be downloaded directly from your Oil Profit account. As you start making profits, you could be liable to pay taxes on these profits and for that, you will require these documents so it is important to download your transactions regularly.

How Crypto and Oil Profit Have Evolved

Over time, the realms of both cryptocurrency and platforms like Oil Profit have undergone substantial transformations and advancements in technology and trading approaches. The cryptocurrency market has witnessed an explosive surge in growth, pulling in an increasing number of investors and traders. In response to this heightened interest, platforms like Oil Profit have emerged, catering to the specific needs of these individuals. These platforms have matured, incorporating cutting-edge technologies such as artificial intelligence and machine learning algorithms to dissect market trends and make well-informed trading decisions.

Furthermore, trading strategies have grown more intricate, encompassing techniques like arbitrage, scalping, and trend following. These developments are aimed at refining the precision and profitability of trading activities on platforms like Oil Profit, presenting users with a more effective and streamlined trading experience.

VersionRelease DateNotes
0.1 Alpha12/12/2018Alpha Launch of Oil Profit
0.2.1 Beta03/03/2019Beta Programme
1.213/10/201924/7 Customer Care Department Opened
1.408/01/2020Open Registration. First Crypto/Crypto trading pairs introduced
1.911/04/2020CFD, Leverage and Margin Trading Introduction
2.2.114/09/2020CySEC Licensing acquired
2.721/01/2021Demo account feature introduced. Fiat onboarding added – Visa, MasterCard
3.211/02/2021Forex and Stocks added
4.104/03/2021Inclusion of AI and API access for traders
4.814/10/2022Further addition of trading pairs including USDT pairs

As a tester for Oil Profit, I had the vantage point to witness the platform through various versions. It began with the 0.1 Alpha on December 12, 2018, which marked the Alpha Launch of Oil Profit and laid the groundwork for its development. The journey continued with the 0.2.1 Beta on March 3, 2019, a significant step as the Beta Programme was introduced, refining the platform based on user feedback. Version 1.2, launched on October 13, 2019, was particularly noteworthy as it brought the invaluable 24/7 Customer Care Department, highlighting Oil Profit‘s dedication to user support. The subsequent release, 1.4, on January 8, 2020, signaled the platform’s openness with Open Registration and the introduction of First Crypto/Crypto trading pairs. Evolution continued with version 1.9 on April 11, 2020, as CFD, Leverage, and Margin Trading were introduced, enriching the trading experience. A significant milestone arrived with version 2.2.1 on September 14, 2020, as Oil Profit proudly acquired CySEC Licensing. The platform’s progress marched on with version 2.7 on January 21, 2021, which marked the introduction of the Demo account feature and simplified Fiat onboarding through Visa and MasterCard. Forex and Stocks found their place on Oil Profit with version 3.2 on February 11, 2021, broadening its asset offerings. The journey towards innovation continued with version 4.1 on March 4, 2021, which embraced Inclusion of AI and API access for traders. Finally, version 4.8 on October 14, 2022, reflected Oil Profit‘s commitment to expanding opportunities with the further addition of trading pairs, including the much-anticipated USDT pairs. This remarkable trajectory showcases Oil Profit‘s tireless dedication to enhancing user experiences and maintaining its position at the forefront of the trading industry.

Oil Profit And Celebrities

Founder of Amazon, Jeff Bezos has hinted at the idea of incorporating crypto payments into the Amazon empire, however, he does not endorse Oil Profit. Although Elon Musk is a popular celebrity in the crypto news sphere, he is also not affiliated with Oil Profit.

Conclusion On Oil Profit

After considering all the information in my Oil Profit review, I can confirm that the Oil Profit trading platform will make any user experience an excellent one with all its unique features. Oil Profit unlocks a world of potential for new users who are eager to earn money through cryptocurrency trading. Of all the Oil Profit reviews, this one has covered all the important bases to help you take your trading experience to the next level by choosing to trade with Oil Profit.

Therefore, we confirm that any trader wanting to enter the crypto market would be well served by Oil Profit. You can claim your license immediately by opening an account and following the abovementioned steps. We recommend that you take full advantage of the market and use Oil Profit to help you maximise your crypto profits. We hope this Oil Profit review has helped you understand more about how to trade with the Oil Profit trading robot.

Alternatives To Oil Profit

As an experienced platform reviewer and tester, Coin Insider has put Oil Profit through its paces and we are pleased to report that it has exceeded many of our expectations.

One standout feature of Oil Profit is its customer care department, which operates 24/7. This makes it an excellent option for new traders who may require assistance at any time during their crypto trading journey. Furthermore, Oil Profit allows traders the flexibility to trade a variety of cryptocurrencies, including popular and less common coins.

As we have explained, Oil Profit has an impressive range of features to help make your trading experience as efficient and effortless as possible. If you are still unsure about Oil Profit being the tool for you, we can recommend a few other trading platforms such as Bitcoin Circuit, TeslaCoin and Bitcoin Capital.

Oil Profit Frequently Asked Questions

What is Oil Profit & How Does It Work?

Oil Profit is an automated trading tool using artificial intelligence to predict market movements and capitalise on it. The investment strategy is celebrated for its ability to capitalize massively in the high volatility environment of cryptocurrency markets. There are no fund managers to take risks, monitor market activities or wait for opportunities - profits come automatically every hour until it reaches the desired amount.

How Much Profit Can I Make With Oil Profit?

Oil Profit has an 85%+ profit success rate. Your earnings will depend on your capital and leverage. This is a very fast-paced market that also carries considerable risk for newcomers so it's important you have enough money to take sensible positions without jeopardizing yourself financially by getting over-leveraged.

Is Oil Profit Free To Use?

Yes. There are no license fees or charges to open a trading account with Oil Profit.

Oil Profit App - Is One Available?

No, there is no Oil Profit app available. However, Oil Profit is accesible via the web on any browser-compatible device.

Where Is Oil Profit Available?

Oil Profit is widely accessible! The United Kingdom (UK), Australia (AUS), and Canada (CA) as well as Europe (Austria (AT) / Germany (DE) / Switzerland (CH) / Holland (NL) / Poland (PL) / Belgium (BE) / Spain (ES), South & Central America (BR, PE, MX) and Africa (ZA) are included. If your nation is not mentioned here, you may still register on this webpage for Oil Profit in your own country.

Does Elon Musk Or Any Corporations (Like Telsa) Use Oil Profit?

Elon Musk has publicly endorsed cryptocurrency at large, particularly on Twitter. Many corporations trade and store it as an alternative source of wealth creation, with the most notable being Tesla. Nothing points to a connection between them and Oil Profit.

Do Any Celebrities Endorse Oil Profit?

Bill Gates, Richard Branson and the other celebrities on TV don't talk about any connection to Oil Profit. They may use cryptocurrencies as a form of wealth accumulation, though.

What Is Oil Profit?

Using advanced mathematical algorithms, Oil Profit is a completely automated trading bot designed to analyse the crypto market, offering support to both beginners and proficient traders to enhance their crypto trading experience.

Who Owns Oil Profit?

Oil Profit has been designed by expert traders and mathematicians. The exact ownership of this trading bot is not 100% known but the product has been extensively reviewed across the internet.

Is Oil Profit A Scam?

No, Oil Profit is not a scam, it is 100% legitimate. We've tested the bot extensively using our tried and trusted approach. This approach includes testing of deposit methods, withdrawal methods, registration and KYC, and customer support.

Is Oil Profit Fake?

Put your concerns to rest – Oil Profit is genuine, not a fake trading tool. We've subjected the bot to meticulous testing with our reliable methodology. Our testing process includes experiencing deposit and withdrawal procedures, undergoing registration and KYC examinations, and evaluating the effectiveness of customer support.

Is Oil Profit Legit?

Yes, Oil Profit functions as a credible cryptocurrency trading tool. Our rigorous testing regimen has thoroughly assessed each aspect of Oil Profit, spanning from the sign-up process and payment methods to features, safety, and security protocols. This comprehensive review attests to its legitimacy as a trading tool.