With Bitcoin having breached the $ 1 trillion market cap in the early part of 2021, the cryptocurrency market has been witnessing an upswing post the turn of the decade. Zero cost tools such as QProfit System can possibly make it even easier for traders to exploit the market, by using actionable market insights promised by the app.
The crypto market has seen various automated trading robots in the past, that promised extraordinary results to the traders but failed to deliver. That’s the reason we carried out a detailed analysis of the QProfit System app and came up with this detailed review.
What is QProfit Sytem?
QProfit System is a trading app that claims to use superior algorithmic technology for reportedly delivering useful market insights in real-time, to interested traders. It seemingly achieves this by tapping into the cryptocurrency market’s historical price data and multiple technical indicators. As per the app’s developers, it is capable of providing quick actionable data, which can be used to make possibly profitable trading decisions.
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.
Start Trading in 3 easy steps
1. Open a Free Account
You can open a free account with QProfit System by providing some basic details such as your name, country of residence, email ID and a phone number. The account will be activated instantly after submitting this information. The entire process doesn’t take more than a few minutes and has no cost associated with it.
2. Make a Deposit
Post the activation of your QProfit System trading account, you are required to make an initial minimum deposit of £250, to start trading cryptocurrencies. Please note, the entire deposit amount is allocated towards the positions you’d like to take for your trades, with nothing deducted as fees.
3. Start Trading
After you have funded your trading account on QProfit System, you can start using their seemingly advanced algorithmic technology to place potentially profitable trades. The user interface is extremely friendly, suitable for both seasoned as well as starting-out traders. The app’s developers emphasise that you need not have any prior trading knowledge to successfully use the tool.
Pros & Cons of QProfit System
Key Features of QProfit System
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 possibly 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.
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 fulfill 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.
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.
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.
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.
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.
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.
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.
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 off-line or online platforms.
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.
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.
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, makes 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.
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Frequently Asked Questions
No, the basic premise on which trading apps like QProfit System are created is to provide you with useful market data, which can otherwise take a lot of time to research. So, when you use such apps, you may not need to put a lot of time into crypto trading except to tweak the parameters that define the limits for the robot while trading.
The creators of the QProfit System app stress that they use some of the leading security technologies, including SSL encryption to safeguard the users’ confidential details.
The app’s developers don’t commit any specific amount which traders can potentially make by consistently using this app. Our research tells us that it would depend entirely on how well you can use the tool to your benefit, based on your experience and knowledge of crypto trading.
The QProfit System app can be used completely free of cost and doesn’t involve any type of deposit/withdrawal fee, commission, transaction fee etc.
The app’s creators stress that you need not have any prior trading knowledge or experience, to benefit from this trading robot.
Yes. The QProfit System app is compatible with all mobile and desktop devices that have a functional web browser and a working Internet connection.
Our research tells us that the QProfit System app is yet to appear on any reality TV shows such as Dragons Den and Shark Tank.
While registration with the QProfit System app can be done by simply providing your name, address, country of residence and phone number, the affiliated broker platform may require you to upload a government-issued photo ID, in compliance with its KYC and AML procedures. This may be particularly needed at the time of making withdrawals.
Disclaimer: All testimonial photos are stock imagery and do not represent the people behind the feedback.