Profit Maximizer review

What is Profit Maximizer?

Profit Maximizer is an automated trading software that analyses cryptocurrency markets and uses the information to place trades. It uses statistical algorithms to conduct fundamental and technical analysis to predict profitable trades. Then, the robot automatically places an order to open or close a trade in a digital asset and performs them in seconds.

It also lets skilled traders place their trades according to predefined criteria. Traders can specify details including the crypto asset, stop loss, profits, etc in the robot’s software. The crypto market bot constantly scans the market to match precise criteria specified by the trader. It automatically executes the trade if the defined parameters are achieved. 

Profit Maximizer summary

Feature	Profit Maximizer
Supported cryptocurrencies	BTC, ETH, LTC, XRP, BCH
Fees	No fees
Success rate	94.5%
Minimum deposit	$250
Mobile app?	Yes
Withdrawal speed	24 – 48 hours
Demo account	Yes
Leverage available	1000:1
Customer support	Yes
Verification required	Yes
Regulations	KYC

About the Profit Maximizer platform

How does Profit Maximizer work?

The Profit Maximizer trading platform partners with licensed brokers to facilitate CFDs trading in cryptocurrency markets. All operations of opening and closing trades directly take place from the broker’s platform. Profit Maximizer’s software is connected to the broker through an API. The bot sends signals to the broker through API, and the trades are automatically executed from the broker’s platform.  

What assets and products can be traded on Profit Maximizer?

The leading cryptocurrencies can be traded on the Profit Maximizer auto trading platform. This includes:

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• Ripple (XRP)
• Bitcoin Cash (BCH)

How much does Profit Maximizer cost to use?

The official Profit Maximizer website claims that there are no costs or fees involved with using the services of the cryptocurrency robot. However, you will need to register with one of its partners to use the software. These cryptocurrency trading brokers usually charge commissions amounting to 2% each time you buy and sell. 

What are the payment methods accepted by Profit Maximizer?

To use the Profit Maximizer software, you must deposit a minimum of $250. The trading platform offers multiple methods to deposit, including credit/debit cards, Skrill, Neteller, Wire transfer, and Webmoney. Here’s a comprehensive list of the payment methods available on the Profit Maximizer trading platform. 

• Credit card
• Debit card
• Bank transfer
• Skrill
• Neteller
• Wire transfer
• Webmoney

Is there a Profit Maximizer app for both mobile and laptop computers?

Profit Maximizer has a mobile app that can be used on any smartphone or tablet. It can also be used on desktop computers as well as laptops. You can download the Profit Maximizer mobile app from most app stores, including Apple. You can access the Profit Maximizer trading platform on your desktop PC or laptop directly from a web browser. Below is a list of devices that you can use Profit Maximizer on. 

• Desktop 
• Laptop
• iOS devices
• Android devices
• Smartphones
• Tablets

Profit Maximizer key features

There are many features that Profit Maximizer has to offer. Its crypto trading services are supplemented by an array of features that help it stand out from the crowd. Here are some of our favourites.

Advanced trading system

Profit Maximizer has been created by expert developers and crypto market traders. The combination of experience has allowed the trading software to execute trades based on advanced algorithms with impressive speed and accuracy. 

Trade with leverage

You can use the Profit Maximizer software with its partner brokers who offer leverage up to 1000:1. For every £1, you can access up to £1000, allowing you to trade much larger positions than you have money in your account. 

Profit Maximizer free demo account

One of the best features of the Profit Maximizer automated trading bot is its free demo account. You can test all of the trading robots’ features without risking your own money before moving to a live trading environment. Demo trading is an excellent way to learn if the bot is right for you. 

Use CySEC-regulated brokers

Profit Maximizer only partners with brokers that offer strong regulation. Many of its partner brokers are regulated by CySEC, one of Europe’s largest and best-regarded regulatory bodies. 

Which brokers can I use with Profit Maximizer?

The Profit Maximizer robot has partnered with prominent broker platforms that facilitate trading in digital currencies. Please note that these platforms are licensed and require verification according to KYC and AML guidelines. We found that some brokers associated with Profit Maximizer include 24Option and EuropeFX.  

Can I trade assets with leverage?

Yes. The brokers associated with Profit Maximizer offer leveraged trading in digital assets. The brokers allow CFD trading, which means you hold contracts that follow the price of the underlying crypto asset. Its official platform does not provide any details on the leverage amount. Our analysis suggests that you can expect leverage of up to 1000:1 from Profit Maximizer. 

Be careful when you use leverage. Cryptocurrency markets are volatile and the risk of losses when you trade with leverage is high. It should not be used unless you have significant experience and understand the risks. 

Can I open long and short positions with Profit Maximizer?

Yes. You can take long and short positions while trading on the Profit Maximizer robot. If you’re new to trading, taking a long position is when you bet on the price of an asset or currency increasing, and a short position is its opposite: you think the market will fall.

How do I get paid? What about payouts?

You can withdraw your profits directly into your bank account. All you need to do is provide your banking details and submit a withdrawal request. The Profit Maximizer software does not impose any limits on your withdrawals and you should expect your money back in your bank account within 24-48 hours. 

What is Profit Maximizer’s customer service like?

Before registering on Profit Maximizer, you can contact their customer service through a contact form available on its official website. After you are a verified member, you can access customer service through email, live chat, and phone. Here’s a list of the varios methods available to reach Profit Maximizer’s customer support

• Email
• Live chat
• Phone
• Online form

Safety and security

Is Profit Maximizer safe to use?

Our investigation into Profit Maximizer revealed the trading robot is safe to use. It uses various advanced features such as SSL authentication and anti-virus and anti-phishing measures to keep users safe. Profit Maximizer also partners with well-known brokers using advanced technology to protect users. 

Is Profit Maximizer regulated?

No authority regulates Profit Maximizer itself; it’s a trading software and there are no requirements for it to be. It does partner with brokers who are regulated and licensed in Europe by CySEC, which is one of the leading regulators within the region. 

Is my money protected on Profit Maximizer?

When you use Profit Maximizer, you do not deposit any money with the trading platform; rather, you deposit money with its partner brokers. As mentioned above, its partner brokers have licences with CySEC, which allow them to operate with the backing of compensation schemes. It is possible to receive compensation up to $25,000 depending on where you live. 

Who owns Profit Maximizer?

The official Profit Maximizer website lacks any information about the owners and creators of the cryptocurrency robot. Many rumours online have surfaced claiming Profit Maximizer is owned by a well-known celebrity. However, there has been little evidence to support this. 

During our investigation into Profit Maximizer, our experts discovered the platform is owned by a team of cryptocurrency traders and software developers with many years of experience. It is common practice for developers of trading robots to remain anonymous, especially in the crypto space, where privacy is an important factor. 

What is the registration and verification process?

You have to register as a verified member to use the services of Profit Maximizer. The process of registration involves signing up on its platform. To sign up, you must fill in details like your full name and email id and set a password. 

To complete the verification process, you must click the link sent to your email id. Please note that the services of Profit Maximizer are not available in all jurisdictions. In such cases, you will be directed to an ‘error’ message. 

How to start trading with Profit Maximizer

Step 1. Create an account with Profit Maximizer

To register on Profit Maximizer, users need to complete their registration process by signing up on the website. The process is simple without submitting any KYC proof at the time of registration.

Step 2. Make a minimum deposit of $250

After you have registered, you will be connected with a manager from Profit Maximizer that will help you set your trading account in the right order. You must deposit a minimum amount of $250 to enable auto trading operations.

Step 3. Set up your Profit Maximizer trading system

Once your account is funded with your initial deposit, it’s time to set up the Profit Maximizer trading system. You should take the time to familiarise yourself with all of its settings and adjust any parameters you need to.

Step 4. Adjust risk management settings

To make sure you don’t lose too much money it’s recommended you adjust the risk management settings for the robot. If you want to gamble then you can set it high, although it’s best to start slowly and build as you go along.

Step 5. Start investing with Profit Maximizer

Before you start investing with Profit Maximizer you may want to consider using a demo trading account. By doing this you get the chance to test the cryptocurrency bot in live market conditions, without risking any live funds.

Has Profit Maximizer been recommended by celebrities or appeared on TV?

While performing the research for Profit Maximizer, we found several sources that claim powerful personalities are associated with this robot. We dived deep into this and found all of these are completely rumours and such claims must be regarded with caution. 

Below we have fact-checked the claim that three notable celebrity figures have used or promoted Profit Maximizer. 

Is it true that Dragons Den endorsed Profit Maximizer?

No. The popular television program has never endorsed Profit Maximizer on its platform. Dragons’ Den is a reality television program format in which entrepreneurs pitch their business ideas to a panel of venture capitalists in the hope of securing investment finance from them. 

Fact check: False. Looking into the rumours, there is no evidence that Dragons Den ever endorsed Profit Maximizer. 

Is it true that This Morning uses the Profit Maximizer website?

The reported claims of the robot being featured or used by the This Morning show are false. This Morning is a British daytime television programme broadcasted in the United Kingdom. The show airs life and features news, topical items, showbiz, style and beauty, home and garden, food, health, real-life and other segments.

Fact check: False. Profit Maximizer has never been featured on This Morning’s program. 

Has Jeremy Clarkson publicly recommended the platform?

Jeremy Clarkson has not recommended Profit Maximizer. Jeremy Clarkson is an English broadcaster, journalist and writer who is best known for the motoring programmes Top Gear and The Grand Tour. He also contributes to The Sun. 

Fact check: False. Jeremy Clarkson has never publicly recommended Profit Maximizer.  

Is there a Profit Maximizer alternative?

If you’re not convinced by Profit Maximizer, there are a range of different robots available and below we’ve provided some information on the top-rated ones around. 

• BitIQ uses artificial intelligence software to trade a wide range of crypto coins and is one of the top-rated bots currently available.  
• Immediate Edge trades the whole cryptocurrency market and is one of the most popular automated trading bots. 
• Bitcoin Motion is a good option if you want a robot that trades the Bitcoin market. It also can be used in the wider crypto space. 
• Ethereum Code is a popular trading robot focusing on the Ethereum blockchain. You can use the software to trade various coins.  
• Bit Index AI has been developed by software developers and functions using sophisticated AI to make trades in the crypto market.  

Our top robot trading tips for beginners.

It is important that you research before investing in cryptocurrencies. The overall market is a bit complicated and prone to volatile conditions. You must proceed with caution before placing your funds on the trading robot. Here’s the advice from our team of experts for anyone getting into automated trading.

1. Familiarise yourself with trading. For people new to cryptocurrency trading, it is necessary to understand market dynamics. Also, familiarising with risk mitigation strategies help in lowering the possibility of extreme losses.  
2. Understand cryptocurrency space. Cryptocurrency is highly volatile. It works on a different scale as compared to forex markets. Hence it is necessary to understand the space before investing in a robot. 
3. Use the demo account to practice. Testing a few trades with the demo account is a good idea. This helps you not only learn how the robot works but also helps you trade in cryptocurrencies. 
4. Try with small amounts and gradually build up. It is recommended to start with small amounts, learn from practising, and gradually build your portfolio one step at a time.  
5. Only invest what you can afford to lose. There’s no guaranteed trading strategy, and there will always be some risk to individual traders, so don’t invest all your money with a trading robot.

Our final verdict on Profit Maximizer

Profit Maximizer, an automated trading platform for cryptocurrencies, has a fair share of testimonials on its website claiming to have users purchase private jets from their profits. But our investigation suggests that while users can take advantage of some of its features, the scale of profits is nowhere close to what is described on its website. Moreover, all of its claims about endorsements are false.

Beginners can access beneficial services like demo trading to understand the space of digital currencies. But you should never use it to generate thousands of dollars in profit simply by relying on the robot. Expert traders can also use it as one of the tools to access crypto markets but should not completely rely on Profit Maximizer for all their trading needs. 

Overall, you can use the robot but not without conducting your due diligence and research of the markets.

 

Methodology: how we scored this Profit Maximizer review

We review every trading platform by carrying out a series of standard tests. These tests include basic tasks like opening an account, making a deposit and withdrawal, and placing a trade. These tests allow us to judge how well the service does relative to its competitors.

Alongside those tests, we assess other features of the platform, like comparing the assets it offers and investigating any claims made on its website. We then look for customer and mobile app reviews to determine how the general public views the service.

All of this research combines to give a final rating of five stars. No service influences the results of these tests or the final ranking. We may, however, earn a commission if you sign up after following one of the links from this page.

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