Profitcoins Scam Review: It’s a Silly Financial Game

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Profitcoins Scam Review: It’s a Silly Financial Game

Profitcoins Review Update 2023: The website is no longer active with the domain up for sale.

NB: Here are some of the best crypto investment tools experts and newbies use to stay ahead of the volatile crypto market.

Advantages of Crypto trading robots

Find out the pros of using reliable crypto trading bots;

  • Automation

The fact that traders can automate their trading is one of the best options for trading forex with robots.

You don’t need to have any experience as a trader when engaging with these robots. You have a successful trading robot that offers the best in terms of automated services.

Traders enjoy much-needed help when it comes to trading and research. The bot does all the work for you.

Most of the bots have been tested by trading professionals and proven to work.

  • Affordable

Most of these robots are affordable and offer the best in terms of systematic trading. That’s what you need when trading with forex markets.

Try SMARD today, it is a bot designed for crypto traders and investors which uses advanced algorithms to profit from market fluctuations. No programming or trading knowledge is required to start. The algorithm relies on momentum effect strategies to systematically identify market winners. Below are the key reasons why everyone loves    1. You get up to 5% average monthly return on your starting capital.    2. The 10% monthly service fee is charged from your profits only. They don't make money unless you do!      3. You can start with as little as $1000 in your exchange account, meaning that you just need to connect your existing exchange (or open a new one) with Smard and begin trading right away!    4. No upfront payments for the service.    5. It's a smart way of investing in your favourite crypto coins - btc/altcoins, hurdling them while at the same time growing their values through auto-trading instead of just buy and forget.   Operating through API keys, SMARD ensures secure connections without requiring fund transfers to third parties. No upfront payment or card linking is needed. Try Smard today and see the real potential of your crypto portfolio, no upfront fees to pay!

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An affordable trading robot that offers more than just the trading aspect of it. You want a bot offering an affordable plan to everyone.

  • Easy to use

These bots are easy to use for all classes of traders. All you need is an enjoyable trading platform that does offer much in terms of success.

You need to go for a reliable and tested bot offering more than just accessibility.

  • Transparency

The listed robots come with ethical online activities showing all activities and performances for all to see.

It helps to enhance clarity and avoids emotional trading which means you get a step ahead of other manual traders.

  • Fast at executing trades

Automated robots ensure there’s speed in trading making these robots some of the best in the industry.

You get automated trading tools that won’t compromise performance making them the best to get ahead.

Scammed by Profitcoins?

For those who were scammed, there’s a high chance of recovering your stolen funds with the help of professionals.

About Profitcoins

In this review, we have a not so popular website called Profitcoins is a Cryptocurrency robot that buys and sells different Cryptocurrencies for profits. The profits that traders can allegedly earn per day are up to 1%.The software is being offered for free and according to the fake testimonials, it is very profitable to those who have tested it. We actually don’t understand how a fake robot can beat genuine Cryptocurrency trading bots like these ones. 

The vendor is charging zero fees to operate the robot. This is mainly because they have teamed up with a broker who will reward them with commissions when you sign up. Is this a bad thing? Not at all. However, it amounts to fraud if the software is not able to perform as promised by the vendor.

Profitcoins was allegedly developed by 3 people known as Rocio Knights, David McCoy, and Tony Mahony, all of which are represented by stock photos. Mr. Knights is allegedly 36 years old, a financial advisor and an investor who manages big deals at Wallstreet.

Mr. McCoy is allegedly a scientist, mathematician and a lecturer at the University of Cambridge. He is also alleged to have developed the trading algorithm of Profitcoins software.

Finally, Mr. Mahony is introduced as a former managing director & senior manager of the New York-based T3 Trading Inc. He has allegedly worked at Wallstreet too in the 90s. They claim that Mahony and Knights are buddies.

Well, the question that we are asking is why these individuals have been introduced with stock photos? If they truly have amazing professional profile in the area of trading, we should be able to verify their respective background without facing any challenges. Unfortunately, this is not possible. Profitcoins has not made it possible for us to investigate and find out who these people really are and why they have been represented by stock photos.

The other thing is that their professional profiles and background cannot be found on sites such as LinkedIn or anywhere else you are likely to find people who have worked in Wallstreet. We find this suspicious indeed. The owner of Profitcoins possibly made up these stories. We want to find out the truth. Fortunately, the truth is all in the website. When we look at the website in details, we will be able to find out whether or not Profitcoins is looking to mislead us.

Profitcoins Review

After going through the website and realizing that it is filled with so much information, we decided to conduct a small background check on the domain of this website. The domain was actually registered in December 2017. What we don’t understand or are not sure of is the claim that they have since acquired 3,500+ users. There is no way to verify this data and find out the truth.

profit coins

Nearly all claims that have been made by Profit Coins websites are allegations that can’t be proved or substantiated. For example, the website states that Profit Coins is a London fintech start-up that makes consistent profits for its users (3,500+) worldwide. The phrase consistent profits must always be accompanied with evidence of profitable trading. This is trading and money is often involved.

Why can’t the owner of Profit Coins show us what they trade and how much they make? They must be working in tandem with Cryptocurrency exchanges. So getting a brokerage statement from these exchanges shouldn’t be an uphill task unless there is foul play.

They also claim that Profit Coins has been featured several times on TV and magazines in the trading scenes. Well, this claim needs to be accompanied with some evidence too. Can they mention or show us at least one TV show or magazine where ProfitCoins was highlighted? Again, the answer is no. They are not giving us any evidence. They are instead making claims which we are supposed to blindly believe. Nothing is so difficult about mentioning which TV shows Profit Coins appeared in.

Of Investment advice

Profit Coins says that they will be your personal investment adviser and that one is not required to have prior knowledge of trading.

In other words, ProfitCoins is saying that they are giving investment advice. But do they have a license for this activity? Apparently, the answer is No. These guys are giving illegal investment advice. It means that they are not recognized since they have not officially applied and gotten a regulator’s license.

For that reason alone, you have to stay away from ProfitCoins at all cost. There is no reason why a ”professional investment advisor” can legally operate in any first world and even developing countries without a regulator’s license.

Fast profits

Profit Coins website claims that users only need between 5-10 minutes off investing per day in order to make a monthly profit. That is not a realistic claim, and that is why they cannot substantiate it with evidence of their past investment activities.

Is 30% per month a realistic ROI? We doubt this claim. But some people can achieve it. However, no person has ever maintained such a monthly ROI. It keeps fluctuating. It can’t be guaranteed as we have said that with any form of investment, nothing can be guaranteed.

Money back guarantee

ProfitCoins is saying that those who are not satisfied with this robot will get refunded. The question is, what mechanisms have been put in place to guarantee that you will receive a refund? It’s easier said than done. Without such a mechanism in place, rest assured that this is just empty talk. You will never get a refund.

Unverified testimonials

On their website, they have a few testimonials from people who are allegedly praising ProfitCoins. They claim that they have been making money with this software. But are these claims true? Well, these claims have not been verified and might just be empty lies.

Our best advice for you

It is easy to say that Profit Coins buys and sells Bitcoins for profit. However, what we have not seen is evidence of its activities. We have not been able to confirm whether or not the alleged owners are the real people behind Profitcoins. Good news, you can avoid getting scammed by using these Crypto trading robots. 

6 Replies to “Profitcoins Scam Review: It’s a Silly Financial Game”

  1. × Alert!
    • - Can't withdraw your funds from this fraudulent company?
    • - Have they asked you to pay excessive withdrawal fees or to deposit more funds?
    • - Or is there an excessive delay in processing your withdrawal?
    • - Are they trying to push you into depositing more money with them even without withdrawing the one you've already put in?

    It's a CONFIRMED scam company, recover your stolen funds by clicking the button below, then fill out the form and you will get a FREE Mychargeback consultation today:

    Click the button below, fill out the form to recover your lost funds from this scam company

    Click Here To Recover Your Stolen Funds
  2. Since your post is one of the top ranked posts about the profitcoins and the only one that is true I will give you more details about those guys. I was hired over Upwork to fix bugs on their website before it goes live (this happened in January).
    Person hiring me over UW was named Jan Wolf and then the communication continued over skype with the other guy named Karl Brueckli.
    Both of them were fake guys with stock photos as their profile pictures. Both of them were from Switzerland according to the location displayed on upwork and on skype. They’ve managed to verify their payment on upwork somehow and once the job was done they haven’t paid a dime to me or any other freelancer that was working for them. One of the emails from the database was Russian (this might be another tricked freelancer) and one was leading to some Brazilian guy.
    Numbers like 3500+ users were there from the start, before the platform was live.
    Founders pictures, names and BIOs were changed few times in the past few months.
    Their reviews on trustpilot are fake, everything about them is not legit and you should stay away from them.

    1. Even, I was hired on Upwork by these bullshit guys and didn’t paid me for the work which I had carried out. Guys please think before doing trading. Please stay away from them.

  3. I did two tests two to three months ago. Everything worked. I have earned over 1% in part. But it’s all very risky and I’m out again.

  4. Also ich habe auch investiert und bin immer noch dabei. Ich gabe 3 mal Auszahlungen beantragt, zwei mal kleinere Beträge und einmal den Ganzen Betrag (0.65 BTC) eigentlich immer nach paar Tagen die BTCs auf mein Vallet erhalten. Nun ist die Frage wie es weitergeht, ich bin immer noch dabei aber das alles macht mir langsam schon Angst. Ich habe den Support gefragt ob ich sie in London besuchen darf, in ihr Büro, die Antwort war „gerne jederzeit „ hmmm

  5. die ersten auszahlungen haben funktioniert . mittlerweile zahlen sie nicht mehr aus und der support antwortet nicht… eindeutig scam !!!

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