QProfit System is a scam trading robot, that was released in August 2017. The truth is that QProfitSystem is just a new name for an old software. They refreshed the website, changed some pictures and made a new sales pitch video.
QProfit System Reviews
This CFD auto trader is very basic with no special features. “Investors” have only one option that they can control, and that is the size of the trade. Basically they expect us to just run on blind faith that the software knows what it is doing.
We can only select $25, $50, $100 or $150. However the minimum trade size at many brokers is only $10. Also, Most investors open their accounts with $250 or $500. To risk 5% or 10% of your entire balance on one trade is really stupid, and poor risk management.
QProfit System Good or Bad?
You can’t see historical signals or historical results. They automatically create an account with a random broker. We could not select which assets to receive signals or auto trade. There is NO demo trading mode.
There are so many “automated trading robots” to choose from today. Professional trading systems and trading software now available for binary option traders. Just like there are more than 200 brokers, there are more than 200 robots.
When we review a binary option software to try and decide if it is really worthwhile or just a scam there are a few things we check:
Accuracy of the Trading Signals
It is funny how they say on their signup page: “you will be able to make your first starting deposit with our profit partner and grow your wealth within 60 seconds of starting – profits of up to $1,540 every hour!” Those are pretty outrageous claims!
We have seen automated trading robots promise profits of all kinds of crazy amounts, but are they true? The sad truth is, they are mostly false. We receive many complaints at the Investors Forum, about automated trading systems that just wipe out your account.
Smart Investors Always…
If you are interested in trading binary options with a reputable broker and without an automated trading robot, go see the updated list of best brokers.
If you want an auto trading robots, then you should use the one of these, with a legal CySEC licensed broker.
No Choice of Licensed Brokers
When we created an account at QProfit System from our London offices, they created an account for us with 72Option. Now everyone knows that there is no reason for a British citizen, or any European for that matter, to open a Crypto trading account with an unlicensed offshore broker.
There are plenty of licensed brokers you can use that offer automated trading software.