Profit Compass provides an easy way to allegedly make money online through automated trading. The platform is said to rely on Artificial Intelligence (AI) algorithms to study the markets and come up with highly accurate trading signals.
Most review sites indicate that at least 70% of Profit Compass users make decent profits. There are also reports indicating that no skill is needed to make money through this platform. But is Profit Compass worth investing in?
We have conducted rigorous testing to confirm if this robot is indeed profitable and analyzed thousands of user reviews to determine if it’s legit. Let’s discuss our findings below.
Profit Compass Review – Overview
Profit Compass is an auto-trading platform launched in 2015 by the International Bitcoin Council. The bot is said to be highly profitable and easy to use for all types of traders, including complete beginners. Trading with this robot involves registering a free account on its website, depositing at least USD 250, practising on a demo account, adjusting risk settings, and toggling the live button.
What is Profit Compass?
Profit Compass is a platform where users register to participate in auto-trading. Investopedia defines auto-trading as a trading plan based on the buy and sell orders that are automatically placed by a computer program.
Top auto-trading bots are recommended for both beginner and expert traders given that they perform better and do not require skill to operate. You can supposedly make money with Profit Compass on the first day of trading even if you have never traded before.
Profit Compass trades CFDs on multiple products, including forex, commodities, stock, market indices, and crypto. A Contract for Difference (CFD) allows traders to speculate on the price movements of the underlying asset without owning it physically. In other words, you get to bet on the price movement of an asset without having to go through the process of buying it.
The commodities CFDs offered by Profit Compass include energies such as natural gas and crude oil and precious metals such as Gold and Silver. Stock CFDs, on the other hand, include top global stocks such as Amazon, Alibaba, Google, and Facebook. Also available are popular indices including the S&P 500.
However, Profit Compass is mostly popular with crypto CFDs trading. The robot trades over 50 crypto to crypto/crypto to fiat pairs, including highly volatile pairs such as BTCUSD, BTCETH, BTCEUR, and BTCBCH. Profit Compass is in partnership with 15 brokers to facilitate transactions with the client and provide trading leverage.
Leverage refers to the use of borrowed funds to increase a trading position. Profit Compass partner brokers provide leverage of up to 3000:1. This implies that the robot users can borrow up to $3000 for every $1 of invested capital.
Is Profit Compass Scam or Legit Trading Platform?
We have conducted rigorous checks on Profit Compass and concluded that it is legit. This trading app is not only positively reviewed by users but has also received accolades in ease of use, performance, customer service, and safety. Here are the justifications to Profit Compass legitimacy.
- Profit Compass has positive online feedback with a rating of 4.8/5 on TrustPilot after nearly 10k reviews. At least 80% of the reviewers claim that this trading app is highly profitable. Moreover, most users claim that Profit Compass is easy to use.
- This trading bot is based on blockchain technology to ensure a transparent trading environment. Users can monitor their trading accounts in real-time and raise and solve disputes through the smart contracts technology.
- Profit Compass has for the fourth year in a row won the Most Profitable Auto-trading robot 2020 by the Global Auto-Trading Society. This award is among the most coveted in the industry.
- We have confirmed that this robot collaborates with quality brokers to ensure a safe trading environment. The brokers fall under strict regulation and hence cannot engage in fraudulent activities.
- Profit Compass offers a safe trading environment. Its website is encrypted, and it’s compliant to data protection regulations in the EU, the US, Australia, and Asia.
- This trading robot offers 24/7 integrated customer support services. Users can reach them via live chat on their website, phone, email, or social media. We have tested Profit Compass and confirmed that they are easily reachable through phone and live chat.
Profit Compass is reportedly a highly profitable trading platform, but it isn’t risk-free. We strongly advise that you only invest what you can afford to lose.
Why Trade with Profit Compass
Profit Compass is not only insanely profitable but also easy to use for all. On supposed profitability, this trading bot is said to have the potential to generate a ROI of up to 500% daily. That translates to up to five times the invested capital in every day of trading. A deposit of $250 can reportedly earn a profit of $1250 daily.
There are only a handful of trading apps with such a high ROI, and most of them require hefty license fees. Profit Compass is free for all, even though new registration slots are hard to come by. You need to visit the Profit Compass website now and then until you can secure a position.
Profit Compass offers both the full-auto and semi-auto trading functions. The fully-auto function involves the robot carrying out all the trading functions. With the fully-auto function, your roles include setting up the robot for trading and harvesting/reinvesting profits.
The semi-auto function, on the other hand, allows expert traders some level of control into the type of signals that are implemented into their accounts. This option is best suited for expert traders. However, Profit Compass fully-auto function is said to beat the semi-auto function and is therefore recommended for all.
Below is a step by step guide to signing up and trading with Profit Compass.
STEP ONE: Register a trading account
Visit Profit Compass website and create a free account using the provided registration form. Agree to the robot’s terms and click the proceed button. You will be prompted to secure your account through a strong password and to verify your email and phone number.
The verification process is self-explanatory and takes less than 2 minutes. After verification, you will be matched with a partner local broker and be redirected to their page for ID verification and deposit.
ID Verification is an important safety measure, and hence you should embrace it. You need to deposit at least USD 250 to trade with Profit Compass.
STEP TWO: Deposit at least USD 250
Fund your trading account through the partner broker. Profit Compass robot brokers accept funding through debit/credit cards, bank transfer, or some e-wallet.
The deposits are free and are facilitate instantly. Please note that only verified Profit Compass accounts can withdraw. The withdrawals are also free of charge and facilitate within a few hours.
Profit Compass brokers adopt the ECN trading model and therefore offer tight spreads starting from as low as zero pips. The trading fees are included in the 3% commission on profits, and hence you do not need to worry about them.
STEP THREE: Read trading guide and practice on a demo
Profit Compass offers a myriad of trading tools to help you prepare before going live. These include a fully intuitive demo and a trading manual.
The demo is a copycat of the live platform and hence provides a real experience of live trading. Profit Compass trading guide is explained in layman’s terms, and hence complete beginners can follow it easily.
We find it helpful to commit at least an hour to trading preparation before starting live trading. Profit Compass offers a dedicated account manager to walk with users through the first steps of trading.
STEP FOUR: Live Trading
As stated above, live trading is easy if you invest enough time in preparation. You do not have to disrupt your daily schedule to trade with this robot since it trades automatically.
The only things you need to do is set up trading conditions as directed in the trading guide and toggle the live trading button. Profit Compass will automatically do the rest for you. Ensure that you end trading at the close of business each day and withdraw or reinvested the supposed profits.
Profit Compass Review: The Verdict!
We have investigated Profit Compass and found it to be a legit trading bot. This bot is said to be highly profitable with a daily ROI of up to 500%. You do not require trading skills to trade with Profit Compass successfully.
Simply register a free account, deposit at least $250, read the trading guide, and start a live session. You can earn up to $1250 on the first day of trading if luck is on your side.
Is Profit Compass legit or scam?
Profit Compass scores highly in our legitimacy tests and is therefore highly trustworthy. This bot operates in transparency and has an excellent reputation with users.
How do I invest with Profit Compass?
The minimum deposit is USD 250, but you can invest more to earn more. However, do not trade with more than you can afford to lose.
Is Profit Compass Profitable?
We have tested this bot, and it seems profitable. Most of the reviews on TrustPilot confirm that this bot is highly profitable.