QProfit System Review 2024 - Is it Legit or a Scam?

What is QProfit?

As mentioned, QProfit is a trading robot that was made for both new and experienced crypto traders and investors.

It uses advanced algorithms and tools to analyse the market and find the best opportunities, based on the instructions it received from its user.

As a robot, it is capable of reacting quickly and performing various trading tasks on behalf of the trader, apparently without adding unnecessary risks.

Who Created QProfit System?

As per QProfit System’s official website, the app has been created by a group of seasoned and talented professionals, who came together specifically for this project.

Their idea of collaborating was to supposedly create an intuitive trading application that could offer important analytical data related to cryptocurrency markets, in real-time.

The team members claim to have decades of computer technology and trading experience under their belt, and extensive knowledge of both these subjects, to be well-equipped to do justice to such an application.

Even though the QProfit System team is confident about the results delivered by their product, they do highlight that the inherent risks in any type of cryptocurrency trading activity cannot be negated or overlooked at all.

They offer no profit guarantees with the use of the QProfit System app and instead stress that effectively using the crypto market research data can potentially help people improve their trading results.

Key Features of QProfit System

Payouts

After studying various aspects of the QProfit System app, we found that the app’s creators don’t promise any specific payouts by regularly using their product. They maintain that the high volatility of the cryptocurrency market makes it almost impossible to guess the amount of money you can earn by using any such robot.

Having said that, they do talk about providing updated and in-depth market details to possibly improve the quality of people’s trading activity.

Verification System

In order to sign up with the QProfit System trading app, you will need to provide your name, a valid email ID, your country of residence, and a working phone number. The app in itself won’t ask you for anything more and once you’ve provided all these details, it will allow you to deposit the initial minimum trading capital of £250 into your trading account.

However, you may be asked to upload a government-issued photo ID by the brokerage service referred to by the app, so as to comply with the former’s KYC procedures. The signup process doesn’t take much time and you can get going within a few minutes.

Apparently, the developers of the QProfit System app understand the importance of timely withdrawals for cryptocurrency traders and don’t place any restrictions on the frequency of such withdrawals.

However, you may be asked to fulfil the broker’s KYC formalities before being able to withdraw any funds. The withdrawals can be made to any of the original payment options used for depositing the funds, including bank transfer, e-wallet, or credit/debit card.

From what we gathered from the brokers affiliated with QProfit System, you can expect funds in your account within 7 working days of initiating the request. However, it would be better that you personally confirm this timeframe and any possible charges before making any deposits.

Costs and Fees

As per the information available on the QProfit System’s official website, their service is completely free of cost. There is no account registration fee, transaction fees, commissions, or charges applied on deposit/withdrawal of funds. The initial minimum deposit of £250 is allocated in entirety towards crypto trading activity.

User Testimonials

We carried out research on some independent cryptocurrency forums, with the intent of finding what people had to say about the QProfit System app. Apparently, going by the feedback of a handful of QProfit System app users, the tool has indeed made them some money.

However, no one revealed how much exactly they earned. Therefore, the general impression we got is that this app is being kept under the hoods, to serve the purpose of only a limited number of traders. That being said, please note, user testimonials can only give you a certain idea about a tool; you will need to use it first-hand to ascertain its true efficacy.

Customer Service

The quality of customer service plays a key role in determining the overall experience of a platform’s users. The QProfit System official website has a ‘Contact Us’ page, where you can get in touch with the creators through a contact form. Furthermore, looking into the details of brokers affiliated with the app, we discovered that you can also use other means to seek help including Skype, email, and a phone number.

Affiliated Brokers

As is the norm with many such automated trading applications, QProfit System is also affiliated to multiple geo-specific broker platforms that cater to specific global regions.

Studying some of them revealed that these broker services were indeed well-regulated and followed all the KYC and AML guidelines applicable in the corresponding jurisdictions. Nevertheless, it’s recommended that you always confirm that the broker you’ve been referred to is indeed a reputed and regulated one.

Is QProfit System Legitimate?

The QProfit System trading app appears to be an easy-to-use robot and the makers don’t promise any exorbitant results. The site mainly talks about providing useful market insights in real-time, through its apparently superior algorithmic technology.

The onus is on the trader to put the analytical data to best use. Many independent testimonials posted on online forums also suggest that people have indeed benefited by using the QProfit app. Users should practice with the demo account before venturing into live trading to manage risk.

5 Reasons to Use QProfit System for Trading

An application like QProfit System can prove to be extremely useful if you use it the right way. Let’s learn about 5 reasons why you can possibly use it for crypto trading and potentially generate better results than placing manual trades.

No apparent need for prior trading experience

Manual trading requires a certain amount of prior trading knowledge and experience to make it work. When you use the QProfit System app, the tool apparently takes over the majority of the workload associated with the market research, hence making it easier for you to possibly place profitable trades.

Free to use

There is no cost attached to using the QProfit System app. You’re not charged anything as transaction fees, deposit/withdrawal fees, commissions etc. The entire deposit amount is used towards the trading activity.

Compatible with any device with a web browser & internet connection

There is no need of buying any special device or terminal to use the QProfit System app. You can use any mobile or desktop device, equipped with a web browser and Internet connectivity, to successfully use the tool.

Customisable autonomy & assistance levels

Not all traders, especially the newer ones, are comfortable with the idea of a trading app completely taking over their trading capital, and transacting on their behalf. QProfit System app offers varying levels of autonomy and assistance, allowing you to adjust these settings based on your comfort level.

Apparently superior algorithmic technology

The app makers claim that they offer superior algorithmic technology which allows them to use complex technical indicators and historical market information, to offer useful market insights in real-time. Extracting all such information manually can take a lot of time, and hence using such an app, if it delivers on its promises, makes great sense.

What’s the Best Way to Use QProfit System?

The ideal way of using the QProfit System app would be to set its autonomy and assistance level based on your knowledge and experience in crypto trading. Better still, you can perhaps first use the demo version to get a hang of its working and to get acquainted with its user interface.

Thereafter, you can let the app take the charge, at a level comfortable to you, and just observe how it uses the market data to place potentially profitable trades on your behalf. If you’re someone who has used an actual cryptocurrency exchange or a brokerage platform in the past, you’d know how complex things can get on such portals.

Not everyone can understand and make the best use of the price charts and various technical indicators. In that respect, using an automated trading app like QProfit System can be very helpful. However, please make sure that you take appropriate risk management measures, such as setting the ‘Stop Loss’ and ‘Take Profit’ points to avoid any considerable losses.

Has QProfit System Ever Appeared On TV?

There are various television shows like Shark Tank and Dragons Den wherein aspiring entrepreneurs, developers and inventors pitch their ideas to reputed businessmen from different backgrounds.

There have been widespread rumours that QProfit System has also made an appearance on such TV shows, with the app’s makers trying to rope in influential business people, to further popularise their product. We did some research and tried to get to the bottom of this.

Dragons’ Den

After carrying out extensive research, we couldn’t find any link between the popular TV show and the QProfit System app. However, that doesn’t imply that the app cannot be trusted or is unreliable. Not every invention or trading app has found its way to such reality TV programs. Nonetheless, we just wanted to learn the truth behind this and also make it clear for everyone.

Shark Tank

We dug up almost all the seasons and episodes of shark Tank to confirm if QProfit System had ever appeared on the popular TV program. Unfortunately, we couldn’t find any Shark Tank episode which featured this trading robot, or any of its creators pitching the tool to popular investors like Mark Cuban, Kevin O’Leary, Robert Herjavec and others.

Has QProfit System Ever Been Endorsed by a Celebrity?

Just like many people had been claiming that QProfit System had featured on well-known reality TV shows, there were some rumours doing the rounds that the tool has also been endorsed by a handful of prominent celebrities. We did our due diligence and tried to find if these claims had any weight behind them.

Mark Cuban

Being one of the most respected investors who has featured in almost all the seasons of Shark Tank, and is a dot-com billionaire. However, after going through all the Shark Tank seasons and studying Cubans’ various social media profiles, we found no evidence that he has endorsed or backed the QProfit System app at any point in time.

Richard Branson

The founder of the Virgin Group and a highly respected global entrepreneur, Richard Branson has always supported the concept of cryptocurrencies, particularly Bitcoin. But we found no link between the billionaire and the QProfit System app, on any of the offline or online platforms.

Dwayne Johnson

Popularly referred to as the ‘Rock’ in Hollywood and WWE circles, Dwayne Johnson has made an exceptional career for himself in Hollywood. He is widely acclaimed for his work ethic and runs multiple production companies, apart from various other ventures.

Dwayne has expressed his fondness for cryptocurrencies time and is particularly strong on Bitcoin. There were rumours linking him to the QProfit System trading app, but after detailed research, our team could not find any instance when he publicly or privately backed the tool.

Bill Gates

Counted amongst the richest people on the planet, Bill Gates, the founder of Microsoft, is known to have a great affinity towards cryptocurrencies. After sifting through a large number of his interviews, we couldn’t find any association between him and the QProfit System app.

5 Ways You Can Maximise Success with QProfit System

To make the most of any such cryptocurrency trading app, it is important that you know how to make the best use of the market insights offered by it. Though you can customise the settings and let the bot take over the trading activity, it may not be comfortable for every trader out there to allow that.

That’s why the QProfit System creators offer customised levels of autonomy and assistance in their application. Let’s acquaint you with some ways in which you can possibly improve your success rate with the QProfit System app.

Start Small

Regardless of whether you are using such a tool for the first time or have used many such applications before, you must always start slow, preferably with no more than the minimum deposit amount (£250 in case of QProfit System). The idea is to get acquainted with the workings of the tool and gradually increase your trades’ values and volumes. Additionally, never forget to use appropriate risk management settings, to avoid any significant losses.

Save Some Profits

In the event that you do generate some profits by using QProfit System, make sure that you withdraw a good percentage of them to your bank account. Although the idea of reinvesting the entire profit figure may seem very tempting initially, you must avoid giving in to that temptation. It’s always better to safeguard your target profit sum first and reinvest only if anything’s left after that.

Follow the Advice of Experts

As mentioned earlier, although the idea of leaving everything to the QProfit System app may seem attractive to many traders, especially the newer ones, it may be good to refrain from doing that. The app promises useful market insights, which you can possibly put to effective use for your trades. A seemingly good way to do that is by using such data to implement the strategies shared by various crypto trading experts on social media and other third-party platforms.

Keep a Record for Tax Purposes

Please note, any gains made from cryptocurrency trading activity may be taxable in your state/country of residence. Therefore you must maintain complete records of all such transactions, so as to stay compliant with your local taxation laws. It is very important to diligently follow all such practices, to avoid getting found on the wrong side of the law.

Only Invest what you can Afford to Lose

We cannot stress enough the importance of trading with only the money that you can afford to lose. As against the popular perception, trading involves a lot of strategising and making well-thought-out decisions; but at the end of the day, you’re at the mercy of highly volatile crypto market conditions. Therefore, it’s always better to maintain a separate bankroll for all such activities and never go overboard.

Our Conclusion: QProfit System

To conclude, we would like to state that based on user testimonials, the QProfit System app appears to be a genuine trading robot, which can possibly provide you with useful market insights. Although it can be used in an entirely automated way, the developers recommend users alter the automation and assistance levels, to find the right mix for themselves.

Furthermore, it is free to use and extremely easy to use, making it a potentially useful tool for new and amateur crypto traders. If you’d like to learn about more such trading robots available in the market, which have also been positively reviewed by our team, you can check out the Bitcoin Evolution, Bitcoin Bank and Crypto Nation Pro in particular.