Golden Profit Review: Scam or Legit Trading Robot? The Results Revealed!
Golden Profit Review: Scam or Legit Trading Robot? The Results Revealed!
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Golden Profit is one of the world most popular trading robots for the gold market. The robot allegedly generates an average daily return of up to 3%. This means that you the app claims it can make an annual profit of $1m from a deposit of $500. But is Golden Profit legit and can you make such profits through it? InsideBitcoins investigation has found that Golden Profit is legit and real although the numbers are exaggerated.
This review will look at the features of Golden Profit and provide tips to help you get the most out of this robot. Keep reading to learn more about Golden Profit or go straight to the robot registration page by clicking the ‘Visit Site’ button below.
InsideBitcoins finds Golden Profit legitimate and transparent. The information on their website appears verifiable and genuine
Golden Profit claims to have an accuracy level of 99.4% and users’s feedback claims that it makes profits in every nine out of ten trades
This robot only collaborates with highly regulated brokers
We find their customer service to be highly responsive and knowledgeable – They provide 24/7 customer care
We take into account several factors when calculating the legitimacy of a robot. These factors include the truthfulness of information on their website, users’ feedback on consumer review sites, cyber safety measures in place, partner brokers, and money-back guarantee. Our findings on Golden Profit are explained in details below. Keep reading or visit our Top Bitcoin Robot 2019 review for more information about our rating criteria.
Golden Profit Review: Test Results Explained!
As mentioned above, we determine the legitimacy of a robot by conducting an in-depth background investigation on any information provided on a robot website. Our research begins with users’ testimonials, given that scam robots are known to provide fake reviews.
We conducted a reverse image search on all the testimonials on Golden Profit website and determined that they are legit. In other words, the reviewers are real and have experience with this platform. On profitability, users report that they make an average of $300 in around 8 hours and with a deposit of $250 with this bot.
Regarding reputation, a rigorous analysis of users’ feedback on TrustPilot shows that this platform is generally revered. The majority of reviewers report that Golden Profit generates consistent profits. There are a few complaints about its customer service being unavailable. However, our live test finds customer service to be highly responsive and well equipped.
InsideBitcoins test also involves a review of the brokers in partnership with a robot. Scam bots mostly partner with unregulated, sham offshore brokers. We can confirm that leading bodies, including ASIC and FCA, regulate Golden Profit partner brokers. These regulators require brokers to segregate deposits and adhere to a set of reporting requirements. Consequently, traders are assured that their money is safe even in the event of the broker going bankrupt.
Robot brokers are responsible for handling deposits, facilitating transactions, and executing trades as recommended by the robot. The trade execution happens electronically and automatically through their systems. A legit broker has all the measures in place to ensure seamless trading and transactions. Read our Cryptokartal review to learn more about legit robot brokers.
How does Golden Profit work?
Golden Profit is a fully automatic robot, and therefore, you do not need any trading experience to use it. The robot exclusively trades gold, which allegedly makes it highly profitable and less risky. Gold is known as one of the world most valuable and stable assets. Golden Profit capitalizes on advanced computer algorithms to predict the price movements of gold and place trades.
As mentioned earlier, this trading bot claims to have an accuracy level of 99%. What this means is that it claims to make money every nine out of ten trades. Moreover, it applies high-frequency-trading technologies which claim to make it possible to capitalize on even the slightest market movement. High-frequency trading techniques are claimed to be highly profitable even in forex and stock markets.
To trade with Golden Profit, you need to open an account. The account opening process is simple and straightforward and should not take you more than thirty minutes. Fill in your details on a form provided on their website, and you will be matched with a partner broker in your area. You will need to make a minimum deposit of $250 with this broker to start trading. Open an account now or keep reading for more information about Golden Profit.
Why register with Golden Profit?
Golden Profit claims to be highly profitable and that it is possible to make an average daily return of up to 3% using this robot. If you take the magic of compounding into consideration, this means that the bot claims that it is possible to grow a $250 account into over half a million dollar in one year.
The same amount can allegedly grow to over $1b in 5 years. When the risk is factored in, the five-year return from a deposit of $250 should not be less than $500m. It is important to note that although many users report that this software has generated profits for them, we find these numbers to be exaggerated. There are also risks in trading even when using highly accurate robots that you should be aware of. We recommend that you only trade with an amount you can afford to lose.
We would suggest you start with the minimum amount required ($250) and only add capital when you are comfortable with the trading platform. Golden Profit provides a demo account to help you familiarize with their trading platform before live trading. We can confirm that their web-trader is easy to use even for complete beginners. Likewise, they provide materials to help users through the installation process. A trainer is also available to walk you through opening and closing trading sessions.
Is Golden Profit safe?
From our investigation, we have found Golden Profit to be safe. Their website and web-trader have proper encryption in place, which means that hackers cannot intercept traffic and steal data. Furthermore, Golden Profit handles users’ data with strict confidentiality. Their data protection policy categorically states that they do not share users’ data with any third party without the consent of the data owner. Moreover, we have determined that they are GDPR compliant.
It is important to always evaluate a robot’s cybersecurity measures before signing up. Most scam robots do not care about safety and usually sell users’ data to third-party scammers. Others are known to install passwords harvesting malware on users’ computers.
In our reviews, we take user safety as a critical determinant of the legitimacy of a robot. A robot without proper security measures is highly likely to be a scam. The first step to determining if a robot is safe is by checking whether their website has encryption. You can learn this by checking if its URL has the prefix HTTPS instead of HTTP. Secured sites have a padlock symbol at the beginning of the URL. Visit the Golden Profit website to confirm these features.
How to get the most out of Golden Profit
While Golden Profit is entirely auto, there are some few things you can do to maximize its potential. Firstly, you need to follow what is happening in the gold market to be able to determine when to open and close trades. Secondly, you need to monitor your account at least twice during a trading session.
Monitoring your account will help you determine trends and know when it is best to open or close a session. Golden Profits comes with a feature to enable you to lock-in profits and minimize losses. InsideBitcoins suggests that you educate yourself on the basics of the robot to be able to use it appropriately.
If Golden Profit does not appeal to you, we recommend that you visit our main robot page for other similar robots. Our reviews include bitcoin robots, forex and binary option robots and stock trading robots. The best trading robots in our list claim to have a proven track record of generating an average daily return of $1500. Most of these robots require a minimum deposit of $250.
Is Golden Profit legit? The Verdict!
Golden Profit appears to be a legit robot and its platform is fully working and real. It claims to have an average daily profitability of up to 3%. Golden Profit does not charge any license fee at the moment, but there is a likelihood that they will introduce one in the future. Users are signing up now to grab the free license opportunity. As always, remember that there are risks in trading, and we suggest you start with only $250 in order to mitigate any losses.
Remember that all investment opportunities carry a certain risk. This especially applies to cryptocurrencies, which are still relatively young in the financial markets.
Is Golden Profit legit?
Our investigation reveals that Golden Profit appears legit and functional.
How much does Golden Profit cost?
Golden Profit is a free app. Traders need a minimum deposit of $250 to start trading with this app. The amount is the trading capital and not the cost of the app.
How much can I make with Golden Profit?
The earning potential with Golden Profit is endless. As illustrated earlier, this robot claims it can help you grow a deposit of $250 into hundreds of thousands of dollars in less than a year. The software owners claim you need to be highly disciplined and consistent to achieve these results.
Can I withdraw my money from Golden Profit?
Golden Profit allows traders to withdraw their money whenever they want. All transactions through this robot happen within 24 hours. Click here to get started with Golden Profit.
Remember, all trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.