Oil Profit Review

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4.6/5
CySEC-registered brokers
Easy and fast withdrawals
Automated trading processes
OPEN ACCOUNT *Risk is involved with all trading actions
Pros
  • No charges to use the platform
  • Accepts multiple payment options
  • Works on multiple desktop and mobile devices
  • User-friendly interface
  • Demo version available
  • Five minutes registration process
Cons
  • A $250 minimum deposit may be prohibitive
  • Not available where CFDs are illegal
  • No phone or live chat feature for customer support
Oil Profit Highlights
🤖 Type of Service Crypto and CFDs trading
💰 Software Cost $0
💰 Withdrawal Fee 2% commission on profitable trades
📊 Type of platform Web-based and mobile app
💳 Deposit Options Bank transfers, credit and debit cards
🌎 Countries All countries that accept CFDs

Oil Profit is a platform built with simplicity to help traders enter the world of oil trading. The platform takes the complication out of trading in oil and streamlines the whole experience. Users don’t need knowledge about oil or economics, making it ideal for beginner investors.

This platform is a key that opens up the door to the global crude oil economy, usually ignored by other brokerage platforms. Oil Profit exposes users to what oil investing offers. It’s built to help more people get involved in crude oil trading.

Signing up takes less than five minutes because of the platform’s streamlined process. Users must fill in their name, email address, and phone number. The system will send users a confirmation email to click on to verify their accounts. Making the first trade requires a deposit of less than $250.

The system accepts most mainstream payment options, making it easy for customers to fund their accounts. After verifying their accounts and making the first deposit, users must hit the trading button, and they are good to go.

What Is Oil Profit?

Oil Profit is an automated trading platform empowering new and experienced traders interested in oil commodities. Users can set parameters for the platform to make trades on their behalf. This platform pairs users with CySEC-licensed brokers to manage their deposits and profits. Users can be sure that their investments are in good hands.

The platform is easy to use and navigate for everyone, regardless of skill set. Using the platform is without any charges apart from a 2% commission on profitable accounts. We found this platform superfast as it can place over 20 arbitrage trades in a minute.

Is Oil Profit Legit?

The factor that proves the legality of this trading platform is working with CySEC-licensed brokers. These brokers give users ample leverage, affordable minimum deposits, and a simple registration process. Holding a CySEC license proves that a broker is legit and doesn’t involve money laundering or other illicit activities.

How Oil Profit Works?

Oil Profit relies on advanced technology to analyze large market pricing data sets, monitor trends, and speculate the best moments to buy and sell. Users can also set the platform to perform trades on their behalf.

The trading platform connects users with CySEC-licensed brokers and transfers trade instructions on their behalf.

This platform communicates to the broker when to buy a commodity when the right moment is present. It also directs when to sell to benefit from a price appreciation at a predetermined value.

The platform runs unrestricted in the background to make the trading process semi-passive. Oil Profit doesn’t keep users’ funds; its partner brokers do the administration according to Cyprus Securities Commission Exchange guidelines.

Furthermore, the easy-to-navigate platform claims to have a high success rate, which means there is a great deal to learn from the platform. Users can access the platform in over 150 countries that accept CFDs, and it is available in English, Spanish, French, Italian, Russian, and Portuguese.

Oil Profit Features

Features are very significant when selecting a trading platform. Here is what we discovered while reviewing Oil Profit:

Oil Profit Demo Account

We recommend new users use the demo version of the platform. Users can use the demo account without depositing any money. It works like a simulation of the live account to let users realize what to expect when they upgrade to using real money.

Using the demo version allows gaining an understanding of how the various features of the platform work. It also allows the development of strategies that increase the chances of limiting losses in the live version. Anyone who has never used this platform must use this version to gain confidence before switching to investing with real money.

Free Trading

The platform doesn’t have fees for using its services. Users can deposit and withdraw at no cost. Oil Profit also doesn’t have a monthly or annual subscription fee.

When users make profits, the platform only takes a 2% commission. Its money comes from Third-Party brokers pay Oil Profit to connect them with its users.

The more people use the platform, the more the platform earns a commission. Therefore, it focuses on offering quality services to attract more users and help them make profitable trades.

Oil Profit’s Automated Trading

The platform is automated to trade on behalf of users. It also connects them with CySEC-licensed brokers who manage their assets and deposits. Automated trading eliminates human emotions that may encourage poor decision-making.

Users set parameters or activate live trading for the platform to undertake trades on their behalf. The platform analyzes the market and relays the information to users after finding profitable trading opportunities. This allows users to trade even without prior experience.

Multiple Customizable Features

There are various features users can personalize to enhance their experiences on this platform. Oil Profit allows users to adjust trading parameters. They can set the risk level, how much to stake, and when to stop trading. This lets users know how much they want to make and the risk they are willing to take.

Users can tweak the platform’s trading features, such as stop loss and trading times, to match their investment goals and risk tolerance.

Quick Withdrawals

The platform has a speedy and user-friendly withdrawal process. From user experience, while reviewing this platform, we discovered it to be quick and easy. This allows users to access their money wherever they need it.

Withdrawals usually take about 24 hours, and the platform processes requests immediately and puts them in the payment queue. However, how long the money reaches users’ accounts may depend on the choice of payment method. All withdrawals are free, but the platform deducts a 2% commission wherever users make a profit.

Oil Profit on Mobile

The web-based platform is optimized to work seamlessly on mobile devices.

Users can access the platform through the browser to enjoy keeping up to date with their trading activities on the go. There’s no need to download and install software for users who find it inconvenient.

The platform is developed with HTML5, which makes it work seamlessly on Android, iOS, and Windows mobile devices. It also works on tablets and desktops, regardless of the operating system. A native app exists for users download from Google Play or App Store and enjoy the platform’s features on the go.

Flexible Payment Methods and Currencies

The platform accepts users to deposit using various payment options in different currencies. Users can fund or withdraw using bank transfers, e-wallets, and credit/debit cards. The currencies accepted include USD, GBP, CAD, and EUR. Users can easily manage transactions using a method and fiat currency that best suits them.

Oil Profit’s User-Friendliness

We discovered this trading platform to be very friendly, from its intuitive interface to its five minutes registration to the multiple languages available. All kinds of users can use the platform regardless of skill set from anywhere CFDs are accepted globally.

The multilingual platform makes it easy for anyone to use its features or access support without a language barrier.

Oil Profit Customer Service

The platform offers 24/7 customer support on its website. Its customer support team is always handy in offering necessary assistance regardless of time zone and language. Users have to input their name, email, and message in the contact form on the website. However, we couldn’t verify when to expect feedback from the platform’s customer support.

Long and Short-Term Positions

Users can open long and short-term positions on the platform. Opting for manual trading allows the platform to initiate a trade when the asset reaches a predetermined value. Traders can take a long-term position when they expect a commodity’s price to rise in the future. Taking a short-term position relies on the assumption that the price of a commodity will fall. 

Is Oil Profit Safe?

We tested the platform and found it to be safe for users. The website uses SSL encryption to protect users’ personal and financial information. Users’ credit card information isn’t stored on the platform to keep it safe from cyber criminals.

The platform invests a lot in enhancing customers’ privacy and security. It implements state-of-the-art technology protocols such as 128-bit encryption and a standby cyber-attack crew.

There’s also a comprehensive data protection policy among its terms and conditions on its website highlighting efforts to protect users’ personal information. The platform also complies with the EU General Data Protection Regulation and Anti-Money Laundering policies to safeguard users’ information.

Oil Profit Pricing and Fees

The platform doesn’t charge users for its services. There’s no fee for depositing or withdrawing on the platform.

Users also access a free demo version to test the platform’s services before trading on the live version.

The platform has no monthly or annual subscription fee for its accounts. There’s just a 2% commission on profitable accounts, which is insignificant to users.

Conclusion

Oil Profit is a trading platform purposely built to help traders invest in the oil market. It doesn’t have multiple assets, unlike other platforms. The platform helps with research and eliminates any complications involved in buying and selling, allowing users to focus on making profitable trades in the oil market.

FAQs

Here are some frequently asked questions users usually have about using Oil Profit:

How Can I Make the Most Out of Oil Profit?

To make the most out of the features of this platform, we strongly recommend users, especially new ones to use the demo version. This offers an understanding of how the platform works before using the live version. Users must also be willing to accept losses because it’s part of trading.

They should begin by staking a lower amount before growing it gradually after developing a winning strategy. Equally important is to follow expert advice from their broker regarding when to buy or sell.

Why Choose Oil Profit Over Other Platforms?

It’s important to understand that all trading platforms are made differently. Oil Profit stands out for its fast registration, which takes about five minutes to set up an account. This platform also has licensed brokers to protect users’ investments.

Another feature that makes Oil Profit the best is its focus on the oil market. It’s a good idea for users interested in oil trading to work with a niche platform than one which handles multiple commodities for a better experience and service.

What Is the Withdrawal Process for Oil Profit?

The brokers who work with platform are responsible for handling users’ funds. These have wallets where users access their funds. To withdraw, users visit their broker’s website and log into their accounts. Users must click “Withdraw” in the wallet section and choose a preferred payment method and amount.

After completing the process, the money will likely reach the user’s account within 24 hours. The platform doesn’t allow withdrawals in cryptocurrency. Users must choose a fiat currency appropriate that works in their region.

Risk Disclaimer

TrustPedia is a financial portal-based research agency. We do our utmost best to offer reliable and unbiased information about crypto, finance, trading and stocks. However, we do not offer financial advice and users should always carry out their own research.

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