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With so many trading bots out there, it’s tricky to choose the right automated trading solution for one’s needs. This is especially true due to many trading bots being nothing more than an immoral attempt to fool investors into using a fraudulent product, that is, in fact, a scam.
But, what about the trading bot named Profit Revolution? Can you earn a profit with its assistance, or is it just a nasty scam made to extract money out of users? Answers lie below, in our Profit Revolution review.
Profit Revolution Review: Can you trust this crypto trading bot?
Like with any other trading bot, it’s wise to first conduct thorough research before you start to use it. With that in mind, let’s examine the Profit Revolution bot – can you trust it or not?
What is Profit Revolution Trading Bot?
The Profit Revolution bot has been offering its services since 2016. Its aim is to automatize the crypto trading process and to successfully trade on behalf of the user.
For experienced investors, this saves plenty of time that they can now afford to invest in other ways. And the beginners can enter the world of crypto with a useful tool that should, in theory, help them to earn a profit despite their inexperience.
How do Crypto Trading Bots work?
Generally, trading bots function by analyzing the crypto market and then automatically investing your funds. In a nutshell, it will look for opportunities to buy crypto at a lower price, and then sell it at a higher price later on.
The level of automatization is not set in stone; users can set up their own, more or less detailed trading strategies. But, they can also interfere minimally and rely on the trading bot to do its thing.
Trading bots have attracted many users thanks to the beneficial features they provide. However, regardless of a bot’s quality, we should remind the readers that trading with such bots (and trading in the world of crypto, in general), comes with a substantial amount of risk.
To name an example, if you wanted to buy crypto with a Trust Wallet, you’d have to do adequate research prior hand. When even buying a wallet is a complicated operation, you can imagine how tricky it is to operate a trading bot. Inexperienced users see such automated platforms as an ideal opportunity to make easy money. But, in truth, even trading bots require that some thought (the more – the better) is put into the optimization of the bot’s trading strategy.
Key Features of Profit Revolution
This trading bot offers an excellent demo account feature. Not every bot, unfortunately, comes with this feature, which is a shame, given its level of usefulness.
The demo mode enables users to experiment with their strategy in a simulated, safe environment. It allows you to acclimatize to the Profit Revolution’s interface and specificities, so that you can avoid losing money during the unsimulated live trading sessions.
Profit Revolution offers very high leverage options for users’ deposits, up to 1000:1. This means that Profit Revolution will let you loan 1000% more funds than the amount of your deposit, in order to then invest the loaned funds.
This sounds great. However, users need to be very careful so as to not borrow more money than they can pay back.
Profit Revolution also provides a useful stop-loss trading feature. If activated, this feature scans the market for negative trading signals. When it detects such signals, it pauses trading and saves the user from losing money.
This can be a very useful tool for users who are in need of additional automatization options.
Profit Revolution: Pros and Cons
As for making an actual profit, with a $250 deposit and some know-how, you should be able to earn at least twice more than that amount in one day.
However, there’s also a real chance of losing all your money as well, so tread cautiously. Scammers are cunning and it isn’t always obvious right away that a trading bot is, actually, a scam. Making some money can cause you to drop your guard and place your trust in the wrong product.
Another quality of this trading bot is that it’s easy to begin using it. The initial Profit Revolution registration process is free. After that, you’ll need to place a minimum deposit of $250, which is reasonable. After all, the bot will need adequate initial funds in order to start trading. There’s no limit on the maximum amount you can invest. Various payment methods are supported, including Mastercard, Visa, and PayPal.
As for the fees, there aren’t any when you’re depositing money into your account. However, you’ll have to pay a small commission fee whenever you make a profit. This is, again, understandable, as the developers have to make a living. There’s also a Profit Revolution affiliate program, that allows users to earn a small commission.
One drawback of using Profit Revolution is that, seemingly, unlicensed brokers are used.
A trading bot needs brokers in order to complete transactions. However, when they’re unregulated, brokers don’t inspire confidence in the security of transactions and are hard to reach in case you need to speak to them.
Is Profit Revolution Legit or Scam?
https://www.altcointrading.net/howto/buy-trade-store-shib-trustwallet/
As we said, with so many fraudulent trading bots on offer, there’s always the question of legitimacy involved. Therefore, users will do well to inform themselves on specialized websites such as Scammerwatch.com before using any trading bots. Such websites look for signs that the product is, in fact, a scam.
Is Profit Revolution legit? We believe so, despite the presence of some alarming signs. For instance, the Scammerwatch Profit Revolution bot review found that the company’s phone number is not listed, nor is its physical address. Moreover, it seems that at least some of the online user reviews are fake. They read more like ads for Profit Revolution than authentic summarizations of the users’ experience.
On the other hand, a number of seemingly genuine users have also left positive Profit Revolution reviews. These reviews confirm that you can double your profit with this trading bot in the first few days of using it. Just in case, if you decide to use Profit Revolution, be careful even if it’s making you money at first.
Generally speaking, our opinion about the Profit Revolution trading bot is mixed. It does a decent job, but other trading bots, such as BitQS, provide more features and are using licensed brokers.
Moreover, there are some doubts about Profit Revolution ultimately being a scam, despite a number of satisfied users who’ve had success with it (at least, in the few days after they’ve started to use it). Therefore, this is a trading bot that’s, unfortunately, hard to recommend to readers.
About the author
Michael Klias
Crypto enthusiast with 7 years of professional experience. I am passionate about blockchain, finance and technology. I have been working in different organizations from small start-ups to big corporations in the UK and overseas. My focus has always been on improving processes of investing and trading, cryptocurrency, ETFs, and alternative investments. Previously was a reporter with Wilmington Business Journal and business producer for HealthCoin LLC in Hong Kong.
Straight talk business crypto executive with strong personal engagement, assertiveness and high energy.
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