Profit revolution is an online software application that automatically trades cryptocurrencies. You can use it for free. Although some of the free programs out there are not legitimate, Profit revolution is a real bot that is run by an established company. If you’re trying to decide which crypto bot to use, this may or may not be the right choice for your specific needs. This guide covers the features, pros, cons and other important information that you’ll need to know to help you decide.
One of the first things people look for with any type of service is how long the founding company has been in business. As a rule, businesses that are newer than six months to a year are treated with caution. If you’re someone who prefers to work with an established company, you’ll be relieved to know that Profit revolution was founded and developed in 2017, and the platform officially launched in 2018. Since then, it has grown in popularity and has been mentioned a few times by news outlets.
The founders of Profit revolution are experienced cryptocurrency traders. Keep in mind that cryptocurrency trading is somewhat new, and automatic bots are even newer. Most bot services have only existed for a matter of months. This makes Profit revolution a pioneering company in the world of bot-based cryptocurrency trading. If you’re mostly basing your decision on program longevity, Profit revolution tops the list of choices.
The platform is designed well and is made to be easy for beginners to use. This means that you won’t need to purchase any guide books about terminology. The brokers who designed it made it in a way that you’ll learn important aspects of cryptocurrency trading as you go. Since the platform is a web-based software, it means that you can’t use it on an app. You access it from a browser, and the program is designed to work with each of the popular browsers. This doesn’t mean that you can’t use it on a mobile phone or tablet. You simply have to open a browser on your phone or tablet to access it, and it’s designed to be a mobile-friendly platform as well.
The registration process is one of the easiest parts of using this bot. It only takes a few minutes to sign up for an account on the main site. The prompts will ask you for these pieces of information:
- Email address
- Full name
- Phone number
- Country of residence
Once you finish the process, your account must be verified. It only takes a few minutes to do this, and the next step is depositing money into your account to start trading.
Profit revolution allows you several options for depositing funds. You can use most major credit cards and a few alternative payment methods. Although the site makes a reference to a wire transfer, it’s not a popular form of deposit. These are the main choices:
- American Express
Some other review sites mention that the company accepts other forms of payment, and others suggest that it does not accept a wide variety of payments. The accepted payment methods can be subject to change at the company’s discretion. If you don’t have a major credit card, you can contact the site to see what payments are currently accepted.
It is quick and easy to make your first deposit. After the initial one, you’ll find it easy to make future deposits. There are no limits to how many deposits you can make. However, the minimum starting deposit is $250 to begin your first live trading session.
There are several useful features for the program. While it’s a little simpler in design than some competing bots, you’ll likely appreciate the simplicity as a beginner. If you’re someone who is more experienced, the simplicity may not be enticing at first. However, you’ll likely be more enticed by the bot’s abilities.
Feature: Manual or Automatic Mode
Although the program designers recommend that you mostly use the bot in automatic mode, you can set it to manual mode as well. In manual mode, you can execute some trades on your own. This is better if you’re experienced. As a beginner, you’ll see better results leaving the bot in automatic mode. Users who prefer the ability to have some control like this feature.
Feature: Stop Loss Setting
If the thought of a bot doing all the work for you sounds a little scary, you won’t have to worry about the bot losing all your money in a single setting unless you set the program to allow that to happen. The stop loss feature can be changed between trading sessions. Since markets are unpredictable, losses are sometimes inevitable. However, the stop loss feature specifies a limit that you’re willing to lose.
In the event of an unfavorable market during a trading session, the bot will stop when the loss reaches your threshold. To illustrate this feature, imagine that you have $1,000 in your account. You don’t want to lose more than $100 in a session, so you set the stop loss to $100, and the remaining $900 is protected until you start a new session or change the threshold.
Feature: Demo Mode
This feature is designed especially for beginners. If you’ve never traded cryptocurrencies with an automatic bot before, we recommend that you spend some time using this feature. The demo feature operates like the platform would during live trades. You’ll get to see how to set parameters, observe trading and see how you gain or lose funds from trades. There is a demo balance that will display on your account. This is a fictitious balance and cannot be withdrawn as money. Also, it’s not part of your real deposit that you make to your account.
Feature: Current Trading
You can see the current trading actions that are taking place while the bot is active. This is a good time to take advantage of a learning opportunity. You’ll get to see what’s happening, what is traded and how your profits are affected.
Feature: Trading History
On the dashboard, you’ll see a section that lets you look at your past trades. If you want to identify trends, this section is useful. It’s also useful if you’re trying to build your own strategies. Additionally, the feature shows enough historic data to be useful for deciding how to reset the bot’s limits. You can use insights to become familiar with the behavior of the bot.
When you access your online account, you’ll see a simple design for the dashboard. Use the menu on the left to make your main navigations. Your dashboard always shows your current account balance and profits at the top. This setup is to help you determine how much to leverage.
Profit revolution’s withdrawal process is quick. Although it’s not instant, you’ll have a hard time finding a free bot service anywhere on the internet that has instant withdrawals. To make a withdrawal, you submit a request form from your account. It takes about 24 hours to process the request, and the funds are usually in your bank account within 48 hours of your request submission. The only thing that may hamper this is if you haven’t set up a deposit structure to your preferred financial account. It’s similar to setting up direct deposits. These are some of the perks of Profit revolution’s withdrawal process:
- No withdrawal fees
- No daily limits
- No amount limits
If you just had a big win and want to take out the money before you’re tempted to leverage it, you can do that. For example, imagine that your starting balance is $250. You win $1,250 and have a balance of $1,500. You decide to withdraw $500 at first, and you decide to take out another $300 later that day. You won’t have to pay anything to do this.
Customer Service Options
If you need to contact Profit revolution directly, you must use the internet inquiry form. Although the company does not have a toll-free number for people in all countries, most people who utilized the customer service inquiry form received a timely response. Most responses are within 24 to 48 hours.
The other option is to contact customer support through your member account. If you have questions that brokers can answer, they can help. According to Profit revolution, customer service is available 24/7.
Customer Service Quality
Most people report positive experiences with customer service. They are usually helped quickly and can resolve a problem in a day or two. Not all companies offer good customer service. Some also have limited hours and poor quality of service. If you’re looking for a bot service that treats customers well overall, Profit revolution is one of the better choices.
Bot Function and Software
Although the platform utilizes a robot, there are real brokers involved as well. The robot runs using a preset algorithm. The algorithm is a set of rules, instructions and information. After they developed the program, the founders tested and modified the bot. Its design gives it the ability to continually learn and improve. It finds, sorts and uses important market information online. One interesting perk of the software is that it’s designed to be slightly faster than other bots and human traders. The reason for this is to allow it to finish profitable deals quicker. While the bot is functioning, brokers monitor its activity and assist as necessary to facilitate trades.
According to some online reviews, the win rate is about 90%. Some users reported a win rate of more than 90%. The site claims that the win rate is 99.4%. This is a cumulative rate. Although the rate is better than competing bots, it’s an estimate and must not be considered a guarantee. For example, if you make 20 trades, that doesn’t mean that 18 of them will be profitable. You may have five profitable trades, no profitable trades or 20 profitable trades in a month. The market conditions, your leveraging limit, the current trading session and other factors affect what your win rate will be each day or month.
Profit revolution Benefits
If you make your decisions based on more pros than cons, Profit revolution is worth considering. These are the benefits that we liked the most, and many other reviews and users praised these benefits as well.
Benefit: Low Risk to Try
There are two reasons why we consider this a low-risk bot program. First, you don’t have to deposit a hefty amount. Some other companies may require more than $250. Second, you can sign up for free and use the demo mode without risking any real money. This gives you a chance to get comfortable with the program and learn how to use it before you start live trading.
Benefit: High Win Rate
Even if the win rate is not always 99% for all people, the bot still has a verifiably high overall win rate that is usually reported above 90% by a lot of people. You’ll eventually learn how to set performance rules, observe market behavior and use the stop loss feature to maximize your winning potential. The win rate is higher than some other bots and human traders. Some bots have about an 80% win rate, and human traders average about 70% if they are highly skilled. New or average human traders have even lower average win rates.
Benefit: Minimal Time Commitment
Profit revolution encourages you to avoid spending a lot of time on the program if you use the bot in automatic mode. If you spend more than 20 minutes every day on it, you risk the temptation to make more emotional decisions. Since you have a powerful algorithm and skilled brokers handling your trades, you don’t need to spend more than 20 minutes per day using the software.
Benefit: Professional Insights and Support
Another benefit is that you can get help from brokers or from the site. This means that you have access to help from skilled professionals instead of only general support. Also, the quality of customer service is good.
Benefit: Free and Easy to Use
It’s free to sign up and free to use the software. There are no membership fees or one-time fees after a certain period. Also, the company says that there are no broker fees, transaction fees or commissions. Some review sites say that Profit revolution automatically deducts about 1% of any winning trades. This means that if you won $500, Profit revolution would get $5. This is still a great rate in comparison with competing crypto bots.
Profit revolution Drawbacks
There are some drawbacks to using this bot. Some of them apply to other types of bots as well. As you make your decision about signing up for Profit revolution, these are the points to consider.
Drawback: Potential Losses
Every type of trade has the potential to be a loss instead of a win. Cryptocurrency markets are unpredictable. If you don’t have a reasonable stop loss set, you could lose more during an unfavorable trading session. However, you can help offset large losses by setting your stop loss, not leveraging high all the time and letting the bot run at the most favorable times for wins.
Drawback: No Mobile App
If you do nearly everything on apps, you may not like that there’s no mobile app. You can still use the platform on a mobile browser. The program is designed to run efficiently. It’s unclear if Profit revolution will add an app in the future.
Drawback: Limited Manual Features
While you can make manual trades, the bot creators recommend using it in automatic mode as much as possible. If you’re someone who prefers to do most of your trading on your own, you may not like this bot or many other crypto bots.
Who Should Use Profit revolution?
If you’re someone who prefers to use the bot on a mobile or computer browser, this is a good choice. It’s a good choice if you’re busy and prefer to let the bot and brokers do most of the work or all of it. Also, Profit revolution is a great choice if you’re looking for a free-to-use software program that lets you keep your wins, offers plenty of useful features, has an established history and has a high win rate. We recommend giving this crypto bot a try.
Dov is a Blockchain and Forex trading enthusiast, who spends most of his time trading and examining software who are related to cryptocurrencies and forex trading. You can follow on Dov’s reviews and articles here on CoinRevolution and across the web.