Fact CheckedLast Updated on January 3, 2021 by Stephan Lindburg
Crypto Profit Review. The Crypto Profit SCAM software (not to be confused with Bitcoin Profit) is a confirmed get-rich-quick crypto scheme and a cloned automated trading app (crypto robot). There’s no need to think twice or deliberate in regards to the authenticity of this bogus app since the evidence our research staff was able to produce is overwhelming. As our detailed and informative Crypto Profit review will show, we are dealing with yet another production line or linked scam which is being produced and promoted by a very well known affiliate network. We found this fraudulent trading system on a website named offervault, which is basically a website that collects various offers and presents them to affiliates who in turn promote the offers according to some kind of compensation scheme. We also found a few fake review sites which are endorsing Crypto Profit, and as we progress with our review we will show you exactly which websites these are and how to avoid them.
We make sure to prod and check every aspect of the scam, and in this case we were able to identify an offshore broker named “MGCLogic” which is managed by New Olympia Inc from the Commonwealth of Dominica (dodgy legal jurisdiction) as the trading platform which accepts the clients (that’s you). We have received multiple complaints about MGCLogic and Crypto profit, specifically regarding inability to withdraw funds. So if you are asking yourself: “is Crypto Profit SCAM or legit” trading app, we advise you keep reading our revealing Crypto Profit review and scam investigation since we exposed these crooks and shed light on their dirty little operation.
Official Website, Login Page, and Members Area: en.cryptoprofit(dot)xyz
Proof of SCAM
Below you will see three cloned websites. Crypto Profit, Stellar Profit, and Bitcoin Profit. If you click on the image below you will see that they are all facsimile copies and exact replicas. The only thing which has changed is the name and design, the scammers didn’t even bother changing the texts as it is copied verbatim.
And here is the “famous names” section which is copied from another viral scam named Bitcoin Compass. It appears the same affiliate network is responsible for producing and promoting all of these fraudulent systems.
Crypto Profit Brokers: This is the post registration page for the Crypto Profit scam. If you expected to see some kind of trading dashboard, signals, or indicators then you should know that none of those exist. Crypto Profit is merely another over glorified hyped-up sales page with nothing but hot air and no real technology behind it. Once you signup you are allocated a broker and that’s it! Get ready for excessive phone calls and spam emails.
Fake Crypto Profit Reviews
Sadly, we were also able to spot several fake Crypto Profit reviews. We have taken a screenshot of the fake review website and placed it below for you as a point of reference. This is a shameful practice and lying to people in such a blatant and misleading manner is both rude as well as criminal.
Crypto Profit Fake News
We have received an initial report in regards to the Dragon’s Den cast being used to promote the Crypto Profit scam. We are sure that as we progress we will continue seeing this trend increase using more celebrities such as Gordon Ramsay, Martin Lewis, Elon Musk, Shark Tank, Sir Richard Branson, Daniel Radcliffe, and Singapore billionaire Peter Lim.
What Is Crypto Profit Exactly And How Does It Work?
Crypto Profit is advertised as a trading robot which “enables you to easily trade your Bitcoin for real cash”. They say that there is a “state of the art” technological platform “which makes trading easier than ever before”, but there is no mention of how the algorithms perform or if there has been any kind of back-testing.
Crypto Profit Review, No You Will Not Earn Millions Even When Crypto Markets Are Crashing!
As opposed to what other so-called “reputable” websites are saying, Crypto Profit WILL NOT make hundreds of dollars for you speculating on volatility in the crypto markets. There is also no mention of the level of accuracy (AKA ITM ratio), or any serious discussion about how the technology which powers the software works. We also don’t see any testimonials or proof of winning trades! The only thing we see is a series of out-of-context news interviews by John McAfee and Mike Novogratz who claim that Bitcoin is the next big thing and how it’s still not too late to get on the gravy train. In reality the Crypto Profit scam is a hoax designed to illegally solicit you to signup for a rogue offshore broker. Once you do that they will call you and ask you to fund a trading account where you will lose your money (confirmed fact).
Why The Chain Scam?
These crooks are lazy and want to duplicate the success the original scam had. So instead of investing in design or new creative ideas, they simply copied the old version and changed the color scheme hoping it will work for them like it did before. But as we all know, the first is always the best and the sequel rarely performs.
Is It Free?
Absolutely not! It will cost you at least $/£/€250 to get started, and that money will be charged to your credit card by thieving offshore brokers.
Legitimate CFD Trading Versus Fake Signals and Bots
Trading crypto CFD contracts is definitely a legitimate way to generate income, but only if done correctly. If you are a novice who is just starting out, or alternatively somewhat experienced but still not ready to deal with issues such as contract rates or entry strategies then it’s best to have access to a reputable trading software.
Systems That Actually Work!
The market is saturated with losing apps designed to generate money for promoters at the expense of traders. However, once in a while a new system is launched which actually performs as advertised and that’s when we test it and add it to our short list of recommended systems.
Crypto Profit Review, Summary, and Conclusions
The Crypto Profit scam software and automated trading app is a blacklisted crypto robot. We have no doubt that members who signup and decide to “test the waters” will eventually end up losing their money and be subject to a barrage of phone calls designed to get them to re-invest. If you believe we have misjudged this software, or that our conclusions are inaccurate, please make sure to message us through our contact page or social media.
