Oil Profit app is trading software that has only recently been launched on the market and promises to provide users with the exact same trading method that moguls allegedly use to earn billions of euros each year from oil stocks.
Furthermore, on this robot's website it is also stated that the software would be fully automated and therefore would be able to conduct operations without the need for human intervention.
So we asked ourselves: Is Oil Profit app reliable or just yet another online scam? Let's put it this way: you will be very happy that you discovered this review before investing your money, because you will be able to find out how to make the most profit with the least effort.
What is Oil Profit?
This app is a brand new online trading system, which claims to offer an extremely easy way to profit from oil stocks, even for newcomers to online trading.
The developer of the software (who remains anonymous) claims that everything is organized in an extremely simple way, so that the user only has to register, make a deposit and earn money. Plus, access to the software is free.
It is also claimed that, as oil reserves are running out, the price of oil is rising day by day, which presumably means that it will be possible to earn a real profit for the next few years.
How does Oil Profit work?
Oil Profit app uses advanced trading algorithms which are based on artificial intelligence, machine learning and natural language processing. These technologies are the holy grail of automated trading. The algorithms offer a success rate of around 90%.
This robot is at the same level as other bots we have tested in the past and have proven to be reliable such as Bitcoin Trader, another fully automated and extremely profitable robot.
The app cooperates with several international brokers. These brokers handle transactions and operate on the market. Oil Profit app is a robot and not a financial institution, which is why it cannot accept deposits. We have thoroughly investigated the brokers that partner with the Oil Profit app and can confirm that they are all regulated and safe.
Is Oil Profit another copy of Bitcoin robot scam?
Oil Profit has made a name for itself as one of the most intuitive and easy to use trading software in the world. Its streamlined onboarding process, which only requires the user to provide their name and email address.
At that point, therefore, a broker contacts the user and helps him to start the investment process by guiding him in the deposit of the first capital. This investment cannot be less than $ 250 as is the case with other reliable platforms such as Bitcoin Miner e Bitcoin Code. The deposit unlocks the new account, giving you access to oil companies, assets, currencies and commodities from around the world.
There are dozens of different types of crude oil around the world. There are about 160 types of oil to be traded on the market. These different types of oils are characterized by varying quality and density, determining their cost on the market.
There are two main types that stand out from the many known ones. These types are Brent Crude and WTI. Brent Crude is extracted from North Sea oil fields and has the ideal quality for processing diesel and gasoline. This oil has widespread use in Europe and Africa and holds a market share of over 60%.
WTI crude oil has a higher cost than Brent. It is extracted from oil fields in the United States and has the best quality for refining gasoline. It has a higher shipping cost globally, making it more ideal for local consumption.
What affects the price of oil
Several factors come into play to influence oil prices. Each of these factors can cause the price to rise or fall. A good example of a reduction in the price of oil was when the COVID-19 pandemic brought a collapse to the global economy. This crash brought oil prices down. Oil prices are affected by natural disasters, political instability in oil-producing countries and global economic conditions.
OPEC, the Organization of the Petroleum Exporting Countries, can choose to influence oil prices. For example, when oil prices dropped significantly in the pandemic-inspired economic slump, the organization decided to reduce oil production to stabilize rapidly falling prices. This control helps keep prices stable so they don't plummet and cause economic devastation.
Wars and natural disasters in oil producing countries can negatively affect oil production as production decreases. These events can cause price inflation. Economic stability in countries that consume a lot of oil will keep the demand for oil high.
This demand ensures that prices continue to rise and stabilize at a maximum. On the other hand, the economic decline negatively affects oil prices as demand falls. The factors discussed above and many more determine the oil prices, which are then taken into account by this software to trade profitably!
Key features of Oil Profit
Today Oil Profit app ranks among the best automatic robots in the industry. Here are the key features that make this bot noteworthy.
Is Oil Profit recommended by any celebrities?
This is such a new app, that in our country probably no one is aware of it yet. This is why this may be the best time to take advantage of Oil Profit.
Most likely he is not aware of the Oil Profit app, also because lately he has something else to take care of (like his nightclub). However, as a seasoned entrepreneur and stock market enthusiast, he says trading apps can help many people solve their financial problems.
Several times he asked RAI top management to be able to talk about trading platforms during Che tempo che fa, but he never received an answer on the matter. Who knows why the subject remains taboo in our country.
He has always been a fan of cryptocurrencies. He says he has invested in bitcoin since its launch and traded it profitably through trading apps.
Does Oil Profit offer a mobile app?
Yes, Oil Profit offers an app to use directly on their mobile devices, regardless of the operating system. The app in fact works on both iOS and Android.
The app is web based, which means that to access it you just need to be connected to the internet and enter the address in the browser search bar, logging in with your data.
Oil Profit is one of the best trading apps to make money on oil stocks. Our tests show that it is 100% reliable. We also did a live test and made a profit of 154 € in 8 hours and with a deposit of only 250 €.
It is not necessary to purchase the license to trade with the Oil Profit app. However, due to the growing demand, this could change in the near future. So we suggest you take the opportunity and register now. We would be happy to hear about your experience with this robot in the comments section below.
Is Oil Profit app reliable?
Yup! Oil Profit app is reliable and recommended. Our test shows that it is profitable.
How much should I deposit on the Oil Profit app?
We recommend starting with a minimum deposit of € 250, which is perfect for beginners.
How much can I earn with the Oil Profit app?
With Oil Profit app it is reliable, you can earn up to 70% of daily profits. With a deposit of € 250 you can earn up to € 200 per day.