Review of Oil Profit

Oil Profit is a trading robot that has devised an automated trading system for crypto, oil, and other financial assets. This Oil Profit review explores the service, its pros and cons, and examines whether Oil Profit is legit or a scam.
By: James Knight
James Knight
James is a lead editor for Invezz, where he covers topics from across the financial world, from the stock market, to… read more.
Updated: Aug 4, 2022
4/5 Star rating
11 min read
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What is Oil Profit?

Oil Profit is an automated trading robot. When you sign up and deposit money to the platform, it uses its bespoke trading software to suggest which trades you should make and when. It has created a simple, beginner-friendly trading platform to make crypto and commodity trading accessible to everyone.

This Oil Profit review looks at how the automated trading system works and what you can trade with it. Find out whether Oil Profit is a genuine piece of trading software and whether it’s best suited to beginners or experienced traders.

We are aware of numerous websites which use false celebrity endorsements to send customers to unregulated brokers or call centres. Our website will only send customers to partners who have provided us with the required regulatory assurances. This is a marketing offer and our regulated partners will indicate what services they have available upon registration.

Pros & Cons

Pros:

Simple sign up process
Start trading oil and crypto for free
Automates up to 20 trades per minute
Fast withdrawals

Cons:

How does Oil Profit work?

Oil Profit works by using artificial intelligence to place trades for you. You sign up and set the guidance on how you’d like to trade, and then the Oil Profit robot automatically decides what to trade and when. It’s designed to work best with oil trading but the trading process works for other assets as well.

Once it has identified an opportunity, it sends the trade details to a regulated broker who actually executes the trade. You don’t need to do anything, other than sign up for Oil Profit and set up an account. All the live trading is taken care of by the Oil Profit trading system.

Normally, you have to spend time researching an asset and performing your own analysis to decide when to trade. Oil Profit has made all that unnecessary by automating the research process. You can trade the crude oil market or digital assets easily, even if you’re a complete beginner.

FeatureOil Profit
Supported assetsOil, commodities, cryptocurrencies
FeesNo fees
Minimum deposit$250
Mobile appYes
Trading speedUp to 20 trades per minute
Withdrawal speed24-48 hours

What can I trade with Oil Profit?

Oil Profit’s trading strategy was designed to work with crude oil and the rest of the energy market. However, Oil Profit can also be used as a crypto trading robot, as the strategy works for Bitcoin, Ethereum, and other cryptocurrencies too.

How much does it cost to use Oil Profit?

It’s free to set up an Oil Profit account, but you can’t use any of its technology until you have deposited $250 into the platform. You may also find that there are extra costs in the form of trading fees.

Oil Profit has a partnership with various trading platforms, and places each trade on the oil markets through those brokers. Brokers normally charge a fee or commission per trade. This is normally no more than a few pounds each time, but it can mount up over time if you use the Oil Profit platform to place lots of trades.

How much money can I make using Oil Profit?

A best case scenario is to make a profit of between 10-20% on your money over time. The exact amount depends on how much capital you start with and how much risk you want to take with each trade.

While researching for this Oil Profit review, we came across some online reports that said the Oil Profit trading system has a success rate of more than 90%. This is likely an exaggeration, and a hit rate that’s any higher than 50% is an excellent return. Base your expectations on that rather than hoping to win every trade.

It is possible to generate profits with an automated system like Oil Profit, but there are significant risks as well and you can find yourself losing money. The crypto market is volatile and unpredictable and even the best trading robots can get it wrong.

Oil Profit key features

Automated trading system

Oil Profit uses an automated trading system to help you trade. An automated system takes all of the effort out of live trading, because you don’t have to do any of the work yourself. Oil Profit scans the oil markets automatically and sends out trading signals as soon as it finds an opportunity.

Oil Profit also decides what not to trade. Its advanced technology only picks out the best trades. Oil Profit helps you avoid making poor decisions based on emotions by grounding every decision in hard algorithms and analysis.

Focus on commodity trading

Oil Profit’s live trading robot works well for commodity trading. This service focused on ‘liquid gold’ is unusual, as most automated trading software is designed for crypto or forex trading only.

Commodities like crude oil act very differently to the fast-moving world of currencies and cryptocurrencies. It can be hard to find a trading system that wants to help diversify your portfolio into oil rather than one designed purely for Bitcoin or other cryptos.

oil price
Oil price in USD. Source: tradingview.com

Fast withdrawals

Oil Profit withdrawals take place in less than 48 hours. When you request a withdrawal, Oil Profit immediately processes the request and it’s added to a queue to be paid out. Many payments arrive in your bank account within 24 hours.

Is there an Oil Profit app?

There is an Oil Profit app that you can download from the App Store, for iOS devices, or the Google Play Store, for Android. You can also visit the Oil Profit website from your phone’s web browser and live trade the crypto markets from there.

Is Oil Profit legit? Or is it a scam?

There are lots of customers who have had a great trading experience with Oil Profit. That suggests the platform might be genuine. The vast majority of online Oil Profit reviews are positive and there are plenty of stories where customers have made money by using the bot.

However, our research turned up very little information about how the Oil Profit system works. We don’t know anything about who owns Oil Profit or about the exact technology behind the trading robot.

Before you begin trading with Oil Profit, you should sign up for a demo account. Not only does a demo account allow you to practice trading, but it can help you test whether Oil Profit is legit for yourself before you make a deposit.

What are the risks of trading with Oil Profit?

The biggest risk is losing your $250 initial deposit and any money you deposit after that. While Oil Profit markets itself as being completely free, you have to deposit the $250 in order to use the trading platform and you should be wary of where you send that money.

There were few details available online about the brokers Oil Profit partners with. Unregulated brokers can sometimes disappear with your money or trick you into thinking you need to send them more. You should also be careful of sending over data like your phone number and email address to a platform that could sell it on to a third party.

Oil Profit questions – answered

Who owns Oil Profit?

We don’t know. There is no information available online and our research for this Oil Profit review was unable to turn up any details about the team or the developers behind the platform.

Does Oil Profit charge subscription fees?

No, there are no subscription fees or a recurring charge. You just have to make an initial deposit of $250 before you can use the trading platform.

Does Oil Profit have a demo account?

Yes, there is a demo account available. You must make a deposit ($250 is the minimum amount) in order to use it. Then you are able to access the demo account and use it to test Oil Profit’s advanced algorithms on a virtual market.

Does Oil Profit offer any sign up bonuses?

No, there are no Oil Profit offers available and it does not offer any bonuses or any other incentives to sign up. It can’t match some of the best deals we have seen from other crypto brokers, such as a deposit matching bonus or referral fee.

Was Oil Profit on Dragon’s Den?

No, Oil Profit has never been mentioned on Dragon’s Den. Nor has it been endorsed by any of the dragons themselves.

Is Oil Profit endorsed by Jeff Bezos?

No, Jeff Bezos is not connected to Oil Profit in any way.

Does Martin Lewis use Oil Profit?

No, he does not. Martin Lewis is best known as the founder of MoneySavingExpert, but he has never mentioned Oil Profit.

Have any other famous names endorsed Oil Profit?

We found no evidence of any celebrities endorsing the platform in the course of our Oil Profit review. While we have seen Elon Musk, Martin Lewis, and the entrepreneurs on Dragon’s Den connected to Oil Profit many times, we don’t believe any celebrities have ever mentioned the platform.

Is Oil Profit safe to use?

We found plenty of oil investors who have gone through the trading process without any problems. However, you should always be careful when you sign up for automated trading platforms, particularly those that trade digital currency. Crypto market conditions can change rapidly and there is no guarantee of making money.

How to use Oil Profit – a step-by-step guide

Step 1. Create a free account with Oil Profit

Go to the Oil Profit website and fill out the registration form. All the signup process requires is that you provide your name, email address, and phone number. Enter these details in the box and press ‘Get Started Now’.

oil profit sign up

Step 2. Verify your Oil Profit account

When you sign up, your details are passed to one of Oil Profit’s customer service team. You will receive a phone call from one of the Oil Profit support staff, who will guide you through the rest of the process. This is effectively an ID verification check, and they can answer any other questions that you have, although you should not rely on this team for investment advice.

oil profit account verification

Step 3. Sign up with affiliated broker

You need to set up an account with one of Oil Profit’s brokers. This is how Oil Profit executes trades on your behalf. You will have to supply some more contact details, and then make a deposit of at least $250 in order to start live trading.

oil profit self activation

4. Begin trading

When all your accounts are set up, you gain access to the Oil Profit trading platform. Decide how you want Oil Profit to trade for you, set the trading parameters, and assess how much risk you’re willing to take on. Now you’re ready to use Oil Profit today.

Oil Profit: Our Verdict

Oil Profit is an automated trading robot that has the potential to make crypto trading accessible to everyone. The sign up process is quick and easy and it provides a simple way for beginners to trade the oil market, oil stocks, and a wide array of digital assets.

Online Oil Profit reviews from existing customers are generally positive and suggest that many users have found it to be a reliable and trustworthy trading platform. However, there are a few areas of concern, like the fact that the Oil Profit app has no reviews and there is a general lack of information about how the trading robot works.

If you are interested in using the Oil Profit robot, we recommend being careful when you first start out. Take time to understand how the system works and start by trading small amounts rather than placing large trades straight away. 

Methodology: How did we research this Oil Profit review?

Every time we review a platform we run a series of tests to see how it performs relative to the competition. The tests involve signing up to create an account, depositing some money, and placing a trade. 

We rate the platform based on each test and combine that information with further online research to reach a final score. The further research includes things like looking up customer reviews and looking for evidence of celebrity endorsements.

The final ranking is recorded as a score out of five stars. No platform can influence the score in any way but we may be paid a fee if you use one of the links on this page to sign up with a partner service. Learn more about how we make money and our review process.


Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.

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