What is Auto Profit?
Well let's have a look at the video at auto-profit.co.uk:
Excellent, so we make millions without doing anything or having any skills, just what I need!
When you click to join, you get moved on to this website: autoprofitapp.com:
OK so we signed up, but for some reason, instead of being given an app that just makes lots of money, we just got forwarded to some offshore, unregulated Cypriot broker who is trying to get us to invest in CFDs! Hold, I think it might be a scam!
Indeed it is...
We have to say that this is even more stupid than things like Bitcoin Rush, which at least had a suggestion of how it might be possible to make money online. This is just "don't worry, it's magic!" being sold to adults.
They do mention cryptocurrency, or at least digital currency as some sort of explanation as to why you are going to be rich and nobody minds.
Their claims include:
Auto Profit applies advanced HFT trading techniques to bet on BTC volatility. These include scalping, which involves using high leverage to generate huge profits from slight price movements. Our trading system conducts all trading automatically and at an extremely high win rate.
We are the first AI-driven system for exclusive BTC volatility trading. Artificial Intelligence (AI) is the backbone of any worthwhile auto-trading system. The Auto Profit trading system also capitalises on blockchain and smart contracts for a seamless and transparent trading environment.
Auto Profit is free, easy to use and safe for all. We may introduce a registration fee in future for all new accounts. Take advantage of the free-license by signing up now. We ensure users safety through military-grade encryption measures. Moreover, we fully adhere to the GDPR data privacy law.
So all of this sounds great, a computer that trades BTC volatility automatically and never loses. This product will put every broker on Earth out of business, as they are in a contract for differences with you and they would be honouring the contract. There is no actual profit being made, so the CFD broker is hoping you lose.
And herein lies the problem, why would a CFD broker let you use an AI computer that always wins? They might as well just pay you straight away before you start.
So this is the truth THIS CANNOT BE TRUE. NO BROKER IS GOING TO MAKE A CONTRACT WITH A PARTY THAT HAS A ROBOT THAT ALWAYS WINS! This must be a scam! Big red flag!!
They have the woman from Bitcoin Profit on here too:
She's always trouble! Another big red flag!!
Now we get to the most interesting part of the scammers copy:
Auto Profit on the mainstream media
We have been claimed to have been featured on top TV shows in the UK, the US, and Australia, but this is not true. It is true, however, that some of the top crypto publications in multiple languages have generously reviewed our platform.
The high media coverage has attracted gossip blogs with some spreading fake news about our platform. There are rumours that Elon Musk, Martin Lewis, Gordon Ramsay, Jeremy Clarkson, Peter Jones, Bill Gates, Richard Branson, Eric Schmidt, Chamath Palihapitiya, Holly Willoughby, Michael Carroll, Alan Sugar and Steve Mckay have invested in Bitcoin through our trading platform. Are these rumours really true.
- Elon Musk – Elon Musk hasn’t invested or endorsed our platform but he's big fan of Bitcoin. Some people are making these claims may have confused our trading platform with Bitcoin as a currency.
- Martin Lewis – We still haven’t identified the origin of the Martin Lewis Auto Profit gossip. Though, we can certify that he hasn’t invested with or endorsed our platform.
- Gordon Ramsay – We have also come across rumours related to Auto Profit with Gordon Ramsay. These rumours are untrue. Please confirm information on the Auto Profit.
Is that an interesting statement, i think it is the first true sentence on this website: We have been claimed to have been featured on top TV shows in the UK, the US, and Australia, but this is not true.
Presumably they meant to write something like "It has been claimed" but they actually wrote what really happened. They are accidentally admitting that they made up stories in fake new websites about Elon Musk, Martin Lewis and Gordon Ramsey using their platform. Obviously no one else other than them and their affiliates would invent such a story anyway, but it is interesting to see them actually write this on their own website. This is our third big red flag!
VERDICT: AUTO PROFIT IS A: SCAM