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QProfit, or QProfit System, is a cryptocurrency trading robot that has been built from the ground up to offer its users sophisticated and simple trading software for cryptocurrencies.
The app comes with numerous features, each of which was carefully set to be accessible and easy to understand and use. It is free to use, and it can handle a lot more than just cryptos, including commodities and CFDs. It is a project that allows users interested in these assets to invest without having to do it manually. Instead, the robot does most of the work after careful optimisation.
We’ve put together this review to see how QProfit holds up to the claims of its creators.
What is QProfit?
As mentioned, QProfit is a trading robot that was made for both new and experienced crypto traders and investors. It uses advanced algorithms and tools to analyse the market and find the best opportunities, based on the instructions it received from its user. As a robot, it is capable of reacting quickly and performing various trading tasks on behalf of the trader, apparently without adding unnecessary risks.
Who’s Behind QProfit?
Unlike many other robots whose developers and creators choose to remain anonymous, QProfit has revealed that its founder is a man called Jerry Douglas, who even posted his own introduction video on the QProfit website. He introduced himself as a binary options trader, noting that he was interested in applying modern technologies to asset trading and achieving profitable returns, which led to the creation of the software. He did not create it alone, however. Instead, he asked for the help of professionals, and together, they launched the software on August 11th, 2017.
How to Use QProfit?
When it comes to using QProfit, the process is simple, but in order to do it, you first need to do a few things such as:
The first thing you need to do is go to QProfit’s website and create an account. This will only take a moment, as the robot only requires your first name, last name, email, and phone number. That is it. Enter those, go to your email to verify your account, and you are done. You don’t need to pay anything, as the process is completely free.
2. Making deposits to fund the account
Your next step will be to get some money into your account. Of course, trading software is there to make money for you, and not have you spend it. But, as is always the case, you need money to make money, so this initial investment is necessary in order to give the robot some starting capital which it will trade and hopefully increase through those trades. If you do everything correctly, you might be able to earn a good amount and more fairly soon. However, in order to set everything up and give your trading bot a fighting chance, you need to do a bit of research first, which leads us to our next step:
3. Reading any educational resources available
If you are a newcomer to crypto, or even if you have some experience with cryptocurrencies, but none with robots, you should do your research before putting your money on the line. This should go without saying. Your robot won’t work unless you provide instructions and trading parameters, and even then, it won’t work properly unless your instructions are good enough, so make sure that you know how to do it. Even if you think that you are ready, give the demo account a try, and have it trade in a simulated market using play money before you launch the live trading option.
4. Begin to trade for the first time
Once you do all of the above, you will be ready to actually enter the market and start live trading. Be aware that the market is unpredictable, and that your robot will not win every single trade. A perfect robot that could do that does not exist, no matter what anyone tells you. So be ready for gains, as well as losses, especially when the market enters its more volatile periods.
Key Features of QProfit
When it comes to payouts, the software’s website claims that members can earn $1,000 per day and that its payout sits at 92%. While this may sound great, it is worth noting that it is impossible to determine how much you can earn daily with it, as there are simply too many details that can affect it, and so each case is different. For example, the minimum deposit is $250, and if you enter a trade with that, and win, then yes, it is absolutely possible. But, if you are not willing to risk that amount and you use less money, or if you don’t set parameters correctly, or if the market is too volatile — you may not win anything. In fact, you may even lose your initial investment.
The robot does not seem to have any notable verification system, apart from sending a verification link to your email address to confirm that its owner agrees to use it for running the software. Other than that, you do not seem to prove your identity in any other way.
The Withdrawal Process for QProfit
Once you earn some money with QProfit, you can withdraw it via multiple payment methods, including Visa, Mastercard, PayPal, WebMoney, Qiwi Wallet, OK Pay, and Perfect Money. The process is fairly simple — you simply go to the withdrawal window of the app, enter the desired amount and the payment method, and that’s about it.
Costs and Fees
Another thing that you will be happy to know is that there are no fees associated with QProfit System. Signing up is free, there are no subscription fees, nor are there fees for withdrawals, deposits, or even trading. In other words, 100% of what you earn is yours. However, note that there might still be some fees associated with the payment method that you choose to use for withdrawing and depositing the money, but that money will go to the payment provider, and not QProfit.
QProfit’s customer service is supposedly available at all times, and they can be reached via email or a live chat option. The quality of the customer service, on the other hand, may be questionable, as there are several people who complained that they had problems with withdrawing funds that were never solved.
In order to provide the best possible service and an easy gateway into the trading markets — including crypto, commodities, and CFDs alike — the robot has partnered with various reputable and regulated online brokers. It also uses its algorithm in conjunction with the brokers that the users are referred to in order to make for a smooth and seamless experience.
Is QProfit a Scam?
Based on everything we have learned while doing research for our review, it doesn’t seem like QProfit is a scam. It does have some users who are not satisfied, and who have spoken out having lost money, but this is something that commonly happens when people don’t take setting their app up seriously and don’t enter proper instructions for the robot.
There have been plenty of users who have managed to make money with the robot, and it arguably makes no sense for the robot to help some people, only to rob others of their money. That’s not normally how scams work, and if you look it up, you will see that there are few scams that satisfied some users while damaging others. The simple explanation is that QProfit probably works, only some users did not know how to use its features to their advantage, which led to losses.
5 Reasons to Use QProfit for Trading
So far, we have seen quite a few reasons why QProfit may be a good choice for traders interested in using robots, so let’s summarise those and give a few more.
1. Intuitive User Interface
QProfit may have been created by professionals, but they made it with novices in mind. As such, the robot has a very simple and intuitive user interface, so that even those who are encountering such technology for the first time can easily find their way around and learn how to use it in record time.
2. Boasts Market-Leading Win Rate
From what is known, QProfit’s win rate is rather high, going from 92% to 97%. Even if it is only 92%, this is still exceptionally good, and if you set it up properly, and give good trading instructions, the robot should, in theory, win most trades that it enters. Of course, you can’t just set it up once and be done with it forever — as the market changes, modifications might be necessary, but if you handle that right, the robot will do its part.
3. Faster than Manual trading
Humans can be good traders, but our biggest flaw is that we are too slow to react. Let’s say that some news that could impact the market positively or negatively emerges. The market will react within minutes, as soon as other traders see it, and start making their move. If you are not vigilant at all times, it might take hours for you to notice that something is happening. Even then, you will have to make a forecast, assess the risks and gains, make a decision, and only then make your move. By that time, the opportunity might already be long gone.
Trading bots can do all that in a matter of seconds, or a few minutes at the longest, which gives them plenty of time to make a move early and ensure gains for you.
4. Smart Analytics
QProfit is also equipped with advanced tools perfect for smart analytics. It can quickly browse through the recent news, collect data from charts and predictions, make its own forecast, read the market signals, and open a position in record time, likely much faster than a human could.
5. Remove Human Error
One of the biggest problems that traders face is their own emotions and other imperfections. They say that to err is human, but that is not something that will help you during trades. Robots, on the other hand, are created to be precise and to trade without emotions that would impact their decision making. They are governed by rules that you set up, and they will never step out of those boundaries as long as you maintain the ruleset.
Advantages and Disadvantages of QProfit
QProfit: Our Conclusion
In conclusion, we can say that QProfit doesn’t trigger any major red flags, which indicates that the project is probably legitimate. It is what it says it is — a trading robot for crypto users who do not have the time or skill to dedicate themselves to trading manually, or simply wish to use the software to do the trading for them due to its advanced algorithms, quick reaction time, and high win rate.
The robot may be overselling itself by promising massive daily gains, but that seems to be its only crime, which is not that bad. As long as you do your homework and approach it with reasonable expectations, it should make good on its promise.
Frequently Asked Questions
Yes, QProfit is a fully automated system that will enter and exit trades on its own once you set it up and provide instructions.
Yes, its creators developed it for this purpose and so far, they have been sticking to it.
No, QProfit offers the ability to trade a variety of cryptocurrencies, as well as other assets and instruments.
There is no recommended amount that you should use — it all depends on you. You need to deposit at least $250 in order to fund your account, as this is the minimum amount. But, other than that, anything goes.
Absolutely nothing. QProfit is free to register on, use, deposit and withdraw money, and trade. It will not charge you a dime.