Oil Profit Review
Currently at: https://oil-profit-app.com and https://oil-profits.com with two completely different website, but one promise. This is our first red flag. Why would you want more than one website for a product? It will just be seen by search engines as duplication, and damage your rankings. No, the only reason to do this is because people start realising it is a scam and start bad-mouthing you on TrustPilot so that you have to change domains. These people know that they will be shut down sooner or later. That is the way a scam works.
Oil Profit Scam - is this just another fake trader scam trying to get you to invest in something you do not understand?
Or is it a service, as is stated, that gives you regular advice regarding investing in oil?
You can, after all buy oil as a commodity, or invest in one of the Oil Giants to cash in on their profits. Oil is used in the construction of pretty much anything involving metal and is the main ingredient of plastics. The US dollar is a 'petro-chemical- currency meaning that it is not based on a gold-standard, but the price of oil. It is, after all, what the whole Bush/Iraqi conflict saga was all about.
So, a pretty safe bet then? Even Tesla's are made mostly from plastic and so use a lot of oil in all of the plastic switches, panels, seats and mirrors etc.
So what does all of this have to do with investing £250 dollars in a rather suspicious sounding website that appears to offer exactly the same rewards as Bitcoin Code, Brexit Millionaire and Immediate Edge?
Firstly the site says:
**By submitting this form, I agree to receive all marketing material by email, SMS and telephone.
The terms and conditions include this clause, written in capitals:
YOU EXPRESSLY UNDERSTAND AND AGREE THAT WE SHALL NOT BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL AND/OR EXEMPLARY DAMAGES INCLUDING, BUT NOT LIMITED TO, DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA OR OTHER INTANGIBLE LOSSES (EVEN IF WE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES)
So what that last sentence is saying is: 'Even if we have been advised by any broker that we sell your details to, that 80% of all their customers lose money, we will not be held liable or accountable for your losses, even though we have promised that you will always make a profit.'
In other words, these people are not very nice.
Looking at the stock prices being shown here, we can see that their price for Exxon Mobil is way out, the website says 75.59 but today the stock price is 55.87. It is not linked to any index, this is a big red flag!
Next we can see that they are promising trading alerts that will help us trade, but no mention has been made as to how we download an app or use a website to achieve this. It does say:
Join now and earn today using real-time trading alerts!
Thanks to advances in technology and the ever-growing demand for oil, you can now trade in real time.
You’ll get up-to-the-minute information on all of your trades and be able watch global markets as they grow. Online oil trading has never been easier. Join today and gain unprecedented financial freedom when trading the world’s most lucrative commodity
So they are offering electronically syndicated advice on trading for buying and selling in close to real-time. But how do we trade and what do we trade?
Further down the page we read:
Oil Profit’s revolutionary platform aims at opening trading to the world. That’s why they’ve made it easier than ever to get started. Simply fill in your regular details and we’ll do the rest.
You will be contacted by one of our personal brokers who will tell you exactly what you need to do to make your first investment. The minimum amount required to deposit is €250.
Once you have activated your account by depositing your funds, you’ll be free to trade on all of the world’s top companies, as well as assets, commodities and even currencies. You can even trade short, meaning that you can earn, even when prices fall!
OK so we are definitely on high alert for scammers now!
Revolutionary platform, enter details, 'invest' $250, phone call from a broker, where have we heard all this before...?
It is now obviously the same old CFD offshore, unregulated scammer brokers trying to rip people off with call centres on-shore. We have no need to read any further, the verdict is cast.
OUR VERDICT: OIL PROFIT APP IS A: SCAM !!
Do not give them any of your money