Review of Copy Trade Profit signals. Scam or not – OA.com

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Is Copy Trade Profit a Scam Binary Signal?

Updated on: 6 January 2020

One of the “great” things of reviewing hundreds of binary options brokers and signal providers is the fact that your email address is now being spammed every single day by scammers who claim to have launched a new winning signal product.

This way I don’t even have to look out myself for the latest binary options scam anymore. All I have to do is to just check out the mail I get from these websites and add all the products they promote to my scam list.

Today I’d like to talk about the newest binary options scam called Copy Trade Profit. It seems to be another of the new and upcoming binary options signal products.

The thing about this product however is the fact that it does not work and will result in you losing money no matter what.

Read below in order to find out why Copy Trade Profit does not work.

Is Copy Trade Profit a Scam?: Yes, it is definitely a scam.

A completely legitimate and trusted trading signal service is BinaryRobot365. With this tool you will definitely be able to make money, unlike with Copy Trade Profit, which does not work.

How does it work?

The system will supposedly scan the charts related to many major assets and will then attempt to discover trends and patters. When such a pattern is discovered it will then automatically execute the appropriate trade in your account.

In reality however it appears that the “signals” it generates are completely random and follow no logical order. What this means is that your trades will be based completely on luck and chance.

If you deposit money at one of the brokers recommended by them you will eventually lose it no matter what. You are better of trading manually by yourself even if you are a complete beginner, as no matter what you do, with CopyTradeProfit.com you will lose.

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How does it make money?

Copy Trade Profit makes money by you signing up at the brokers recommended by them. They will usually be paid around $400 (. ) per registration who also makes a deposit at the recommended broker.

Obviously, the broker will have to earn that $400 back and then some profits as well, therefore it is no possible under any circumstance to allow the traders to win. Why would the brokers pay Copy Trade Profit $400 per trader if the traders will then end up winning money?

It’s obvious just based on this that no one will be making money with this signal app.

But, can I really not make any money with it?

No, you can’t. If you are having any hopes of making money with Copy Trade Profit then forget about it quickly. Like I said, after taking a look at the signals they offer they are being generated completely by random and do not follow any patterns of any kind.

It’s basically 100% gambling. It does not work. More so, like explained above, it was intentionally created not to work so that the brokers that they make traders register can make money.

The reason I decided to write about this case is because it seems that it has become one of the most visited binary options websites lately. I have no idea how they have achieved this or what they did to get so many traders getting them to take them serious but it seems that it has happened out of the sudden.

What’s even worse is that it appears that so far almost no one has written a warning about them and in case traders search for Copy Trade Profit review or Copy Trade Profit scam they will not find almost any information about this service and will then sign up and lose all their money.

Instead you should register at a signal service that does actually work, such as BinaryRobot365, which will not scam you and has a proven track record of success.

Anyway, to cut things short: Do not sign up at Copy Trade Profit as it will not work. Now, it might still be that it wasn’t actually developed intentionally not to work and it’s possible that the system just sucks but it doesn’t matters. What matters is that you will not make any money with it no matter what.

Looking to find legit signals?

Unfortunately there are extremely few binary options signal applications that actually work. I personally only recommend 3 services of this kind, which are Signals365, Binary Option Robot and John Anthony Signals.

CopyTradeProfitFX.com Review Visit site

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Consumer Reviews

Service use: Live

Length of use: 0-3 Months

Length of use: Have not used

Service use: Live

Why are you posting clear fake reviews from India? This is very dangerous and causing people to lose thousands.these reviews are from fiverr.

Jul 24, 2020 – 1 Star (as Paul) Having followed CTP for a long time I know for a fact that 2 reviews from Nidhi and YashSinha are fake reviews.

The success rate is terrible and nowhere near the 89% mentioned. The risk/reward ratio is non-existent.

FPA please be careful with these fake reviews as people are losing thousands of pounds by this fraud.

Jul 4, 2020 – 1 Star (as Paul) Please don’t make the mistake I did and trust Copy Trade Profit (CTP) or FX Prosperity (run by the same guy William Jones.

You will lose all of your money if you do.

Hello Jim-Paul,

If you have evidence of anyone paying for fake reviews, please submit it here.

Service use: Live

Length of use: 6-12 Months

“ 100% win rate this week! Over £4000 made in one week! CTP is the best team “

Jul 22, 2020 – 5 Stars “ 100% win rate this week! Over £4000 made in one week! CTP is the best team “

Service use: Live

Length of use: 0-3 Months

Service use: Live

Length of use: 0-3 Months

Service use: Live

Length of use: 0-3 Months

I signed up and paid £50 for CTP signals after seeing his wins on Instagram. So did a mate and for the first week we was getting signals on time and making gains. Then the signals started coming late and TP1 had already been hit. So now the SL was even bigger for our entry. Ration of winning trade was more like 1.3 not 3.1 . Anyway ended up blowing a 1100 account. Party my own fault for using bigger lot sizes. But had the trades gone on favour or the SL wasn’t so big it would of happed.

Then after 3 weeks of receiving wins and loosers. May I add I deposited more money. I stopped getting signals. Also my mate too. We messaged him on WhatsApp and just get ignored even though message was read. Into month 2 and he takes money straight from your bank. Again messaged him no reply. So I can led my bank card I signed up with to drop the payments. And thought that was it. Month three the money comes out again!! This time I contacted my bank and the refunded the money. This also happed to my mate but was £100 each time as he paid for the course he offeres. £100 for a course. Other member who was paying the £100 course and group chat and £50 for signals. Some people on chat wasn’t getting signals they had paid for as you get them sent separately. So my mate posted his signals into the group. He was removed from the group and the signals deleted. Why was this? Seems abit dodgy! Was everyone getting different signals? Wins and loosers? After been kicked from the group he still had £100 a month took from his bank. After realising 2 month late he contacted bank and did same.

Billy has over 4500 clients per month. All sucked Into his wins on Instagram. Work that out £50 a month x 4500 £225,000 a month he has to trade with! No wonder his account is so big he can risk it.

Stay away from this con man. Learn to trade yourself or find a copy trader with good reviews

SAVE YOUR MONEY AND DO NOT BUY THIS SIGNAL PROVIDER.

Let me start by advising that my friend (F) recommended CTP to myself. This was after seeing his Instagram videos blow up with a 500k LIVE account. Bear in mind my daily job is a financial crime analyst so I am skeptical whenever I hear or read things initially.

F advised he had been using CTP for around 2 weeks using really small lot sizes but he had been winning. F also advised that CTP had a ridiculous advertisement tool that he had been on his 12th week of back to back wins which I couldn’t believe. I asked F if he could send me CTP’s signals for 2 days. I used them and I hate to deny the initial outcome but he actually did hit his TPs. I was dumbfounded and joined the sheep in the pursuit to get rich quick. I quickly purchased the VIP package for £75 and made an instagram to watch his Instagram analysis.

It wasn’t till the third day that I realised . CRAP. Let me enlighten you. I lost virtually the majority of my account and my lot size was only 0.05 on a £1500 account. The reason being is that CTP sends signals using 3 TP targets and the same SL for each. CTP tries to find an active trend and then jumps in on the bandwagon. What happens is, as many of you know, the trend is your friend (Roughly 75+% of the time). His TPs are so lame it is unbelievable. I’m not even going to use pips but points for this.

For example: his TP1 is around 75 points, TP2 125 points and TP3 is 250 points. They are such short bursts that the win rate is highER considering the trend is going that way and the TPs aren’t exactly that far away. HOWEVER, his SL is around 1000 points away which for the most part acts as a huge buffer in case there is a RETRACEMENT for it to then swing back down. Nevertheless, that occasion when it is a TRUE REVERSAL means you’ve just lost 3000 points by hitting your SL! So imagine you mess up one signal with CTP, you are 3000 points down in negative. It means it’ll take 7 winning 3TPs just to about break even.

This is what happened to F and I on 3 notable trades the past month which are USD/CAD SELL 4 weeks ago, GBP NZD SELL 4 weeks ago and EUR JPY BUY 1-2 weeks ago. These all hit our SLs and in fact if we didn’t have the SL they came back down especially on GN!

The point I’m trying to make is that this guy is a fraud. He finds trends to make sure term gains with get rich quick kids using 0.3-1.5 lots on a £500 account then show off. He’ll post them all over his instagram and snapchat etc. However, when he hits that loss, he never admits it and neither do you find those get rich quick kids again because their account is BLOWN! Watch his Instagram LIVE videos and you will see those who have blown their account because of him or lost a significant amount due to his ridiculous signals.

Again, you may argue these kids are using stupid lot sizes for small accounts. I agree with you but his RISK to REWARD ratio is non-existent! At minimum you want a 1:1 RR. His RR isn’t 2:1 or 3:1. On the contrary it’s the reverse, more like 1:4 or 1:5 because of how low his TPs and how large/far away his SL is!

I’ve watched this guy enough the past few months to realise his marketing is on point. The reason he has such a huge account to play around with is because he has so many sign ups. He must be on at least £30,000 a month with his signal service. You are probably thinking I’ve over-exaggerating. However, think about the lowest membership which is £50 a month. That’s £600 a year. If you don’t believe he has 600 paying members minimum per month paying then fool you because it is clear.

That’s why he has had so much to play around with. Bear in mind this guy “William Jones” has been around the block for years. It doesn’t take a genius that he’s on over 300k a year because of the sign ups so him using a 500k account isn’t that impressiveto me when you look into the details.

Finally, the customer service is absolutely terrible. You can whatsapp them and they either reply sarcastically or negatively to anything you ask. Arrogant just like William. Funnily enough, the best amount of conversation I got from CTP was when I cancelled and he was querying why that was.

I can’t hate that he is making money but he is just making money of suckers buying into a strategy that is terrible. Keep your hard earned cash. Go read any free online manual on trading forex. Learn about RR ratios because you aren’t going to learn that here and it’s the fastest way to blow your account. Oh and back to the initial claim about successive winning weeks. That was all BS considering I had 3 losers from him.

Review of Copy Trade Profit signals. Scam or not? – OA.com

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