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Profit Compass Review 2020: Is it a Scam or Legit Robot? See Here!

Profit Compass is going viral as users continue to allege great profitability. The reports we have come across indicate that this trading bot is earning its users an average of $800 daily from a deposit of $250.

Profit Compass is going viral as users continue to allege great profitability. The reports we have come across indicate that this trading bot is earning its users an average of $800 daily from a deposit of $250.

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All trading carries risk.

Some users claim to earn their first million-dollar in bitcoin CFDs trading through the robot. Moreover, the robot is said to not require any skills to operate. This is because it is 100% auto. But is Profit Compass scam or legit?

We have done rigorous testing on this platform and conducted multiple background checks to determine if it’s legit. Let’s discuss the findings below.

What is Profit Compass? Overview!

Profit Compass is a piece of software founded by a former Wall Street banker to help ordinary people to easily trade bitcoin.

The banker developed the robot using the secret trading strategies used by leading hedge funds and with the help of MIT engineers. Profit Compass was founded in 2015 and was a major driving force of the 2016/2017 crypto boom.

It’s estimated that nearly 70% of those who were trading with the bot during the boom were able to earn over $1 million in profits. Profit Compass is said to have a profitability rate of 300% daily and hence can turn a deposit of $250 to $1000 in less than 24 hours of trading.

As mentioned above, no expertise is required to trade with Profit Compass. You only need to register and fund your account with at least USD 250. Profit Compass conducts all trading on autopilot, leaving you to close and open sessions and harvest/reinvest profits.

Open your account

All trading carries risk.

This bot is more profitable and less risky than manual trading. However, this is not to mean it is entirely risk-free. You may make losses when trading with it, especially if you do not observe the provided trading instructions.

Profit Compass trades on a margin of 5000:1 and hence both profitable and unprofitable outcomes are magnified. Always invest an amount you can afford to lose and apply the risk management tools of Stop Loss and Take Profit as instructed.

How does Profit Compass work?

Profit Compass trades CFDs on stocks, market indices, commodities, and crypto. The robot offers access to global stocks such as Netflix and Google and market indices such as the S&P 500. 

You can also use it to trade energies such as crude oil and natural gas and metals such as gold, silver, and pallidum. Profit Compass also offers CFDs on currencies such as the USD, GBP, EUR, and AUD. In total, you can trade CFDs on over 30 currencies through this bot.

However, Profit Compass is best known for BTC CFDs trading. It’s through BTC trading that most of its users have managed to earn up to $1 million in profits. Profit Compass operates through leading brokers to offer trading leverage of up to 3000:1. Leverage is a type of debt offered by the broker relative to deposited capital.

A leverage of 3000:1 allows users to bet on positions of up to $3000 for every dollar invested. Leverage is meant to magnify profitability but can also lead to devastating losses when using without proper risk management.  

Profit Compass offers risk management features such as Stop Loss and Take Profit. You will learn how to apply these features in the robot’s trading manual. You are likely to hit the home run with this bot if you let it run uninterrupted for at least 8 hours daily.

Open your account

All trading carries risk.

Is Profit Compass scam or legit?

Most people are sceptical about Profit Compass profitability until they try it. There are only a handful of trading apps with the same level of profitability, and most of these require license fees. Profit Compass is free for all.

We conclude that this bot is legit after analyzing factors such as performance, reputation, trading platforms ease of use, customer service and safety. This robot has won numerous awards among them the Best Performing CFDs trading Robot 2020 by the Global Auto-trading Society.

This is a prestigious award only awarded to platforms that have a proven track record over the years and an excellent reputation with users. Profit Compass is among the top-rated robots on TrustPilot with over 10,000 reviews and an average rating of 4.5/5. It’s also widely reviewed by the mainstream media.

profit compass performance

profit compass performance

Profit Compass trading platform includes a web-trader and a mobile app. The web-trader is accessible from all major browsers, including Chrome, Mozilla, Safari, and Opera. Users can only access the native Android/iOS mobile apps after registration.

Profit Compass mobile trading platforms are intuitive and include all the features you will find in the web-trader. This means that you can manage your account from anywhere across the globe.

Getting started with Profit Compass Trading Platform

Trading with Profit Compass is easy since it does all trading automatically. You only need to register and set up your account as instructed in the trading manual. The trading instructions are easy to follow for those with no prior background in crypto trading.

Profit compass is available in over 100 countries in Europe, North America, Asia, Africa, and some parts of the US. Check if this bot is accessible from your country by clicking here. Follow the steps below to get started with Profit Compass.

Register a free trading account

Visit Profit Compass website and signup through the provided form. Countercheck your details and accept their terms and conditions.

Profit Compass will automatically match you with a local partner broker regulated in your jurisdiction. The broker will ask for more details and prompt you to verify identity by uploading a government-issued identifying document.

All well-regulated brokers must nowadays adhere to Know Your Customer (KYC) measures to prevent financial crime.

Fund your account with a minimum of USD 250

Profit Compass requires all users to invest at least $250. The amount should be deposited through the matched broker since it’s their role to place orders in the market.

For the record, Profit Compass doesn’t link directly to the market, and hence all orders are implemented by its partner brokers. The role of the bot is to perform trading research and instruct the broker on the orders to place.

You can fund your Profit Compass account through bank transfer, debit/credit cards, and some e-wallets. Please note that its partner brokers do not charge any deposit fees.

Read the trading guide and practice on the demo

Read the Profit Compass trading manual thoroughly and test your understanding through the provided demo account.

The Profit Compass demo account is highly intuitive and includes all the features of the real account. Trading with it offers a 100% accurate perspective on what to expect on the live account. You are likely to make costly mistakes if you skip the trading education and demo trading stage.

Adjust risk management tools and go live

Profit Compass offers Stop Loss and Take Profit risk management features. You must adjust these risk tools as instructed before proceeding to live trading. Trading without these features increases trading risk by about 50%.

Live trading with Profit Compass happens automatically. You should start a live trading session at 8:00 AM and close it at 4:00 PM. The best time zone to run Profit Compass is the Eastern Daylight Time since this is when volatility is high due to live trading in Wall Street.

Profit Compass trades automatically, and hence there is no reason as to why you shouldn’t proceed with your daily duties as the robot works for you.

Is Profit Compass legit or scam? The Verdict!

Learnbonds investigation finds Profit Compass to be likely to be legit. This trading app is top-rated by users on platforms such as TrustPilot and is widely covered by the mainstream media.

Moreover, it has received a lot of awards in performance, customer service, safety, and ease of use. Profit Compass is the 2020 winner of the coveted Best Auto-trading Robot by the Global Auto-trading Society.

The UK’s trading association has also recognized it as the most advanced trading bot for 2020. Profit compass collaborates with some of the industry’s best robot brokers to offer a seamless user experience. You can get started with Profit Compass through the link below.

Open your account

All trading carries risk.

FAQs

Is Profit Compass scam or legit robot?

Profit Compass appears legit and trustworthy. We have tested its trading technology and confirmed that it has the potential to generate the supposed profitability.

How much should I invest with Profit Compass?

The minimum deposit required is USD 250. You can invest more for higher profitability. Profit Compass trades on a high margin of up to 5000:1 to magnify profits. High leverage translates to risk, and hence you should invest wisely.

How much can I make with Profit Compass?

The profitability potential with Profit Compass depends on several factors among them the amount invested, the trading settings applied, and the current market conditions. You can earn daily returns of up to 300% when all these conditions are favourable.

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Daily Financial News

Don’t Count On JPY Correction; Staying Long GBP/JPY

The path of the potential pace of the JPY decline may still be underestimated by markets, which continue trading the JPY long.

While the 10% USDJPY advance from September lows looks impressive from a momentum point of view, it may no thave been driven by Japan’s institutional investors reducing their hedging ratios or Japan’s household sector reestablishing carry trades.

Instead, investors seemed to have been caught on the wrong foot, concerned about a sudden decline of risk appetite or the incoming US administration being focused on trade issues and not on spending. Spending requires funding and indeed the President-elect Trump’s team appears to be focused on funding. Here are a few examples: Reducing corporate taxation may pave the way for US corporates repatriating some of their USD2.6trn accumulated foreign profits. Cutting bank regulation could increase the risk-absorbing capacity within bank balance sheets. Hence, funding conditions – including for the sovereign – might generally ease. De-regulating the oil sector would help the trade balance, slowing the anticipated increase in the US current account deficit. The US current account deficit presently runs at 2.6% of GDP, which is below worrisome levels. Should the incoming government push for early trade restrictions, reaction (including Asian sovereigns reducing their holdings) could increase US funding costs, which runs against the interest of the Trump team.

Instead of counting on risk aversion to stop the JPY depreciation, we expect nominal yield differentials and the Fed moderately hiking rates to unleash capital outflows from Japan.The yield differential argumenthas become more compelling with the BoJ turning into yield curve managers. Via this policy move, rising inflation rates push JPY real rates and yields lower, which will weaken the JPY. Exhibit 12 shows how much Japan’s labor market conditions have tightened. A minor surge in corporate profitability may now be sufficient, pushing Japan wages up and implicity real yields lower.

JPY dynamics are diametrical to last year . Last year, the JGB’s “exhausted”yield curve left the BoJ without a tool to push real yields low enough to adequately address the weakened nominal GDP outlook. JPY remained artificially high at a time when the US opted for sharply lower real yields. USDJPY had to decline, triggering JPY bullish secondround effects via JPY-based financial institutions increasing their FX hedge ratios and Japan’s retail sector cutting its carry trade exposures. Now the opposite seems to be happening. The managed JGB curve suggests rising inflation expectations are driving Japan’s real yield lower. The Fed reluctantly hiking rates may keep risk appetite supported but increase USD hedging costs.Financial institutions reducinghedge ratios and Japan’s household sector piling back into the carry trade could provide secondround JPY weakening effects

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Daily Financial News

Mexico raises interest rates, cites Trump as risk

The head of Mexico’s central bank says U.S. Republican candidate Donald Trump represents a “hurricane” sized threat to Mexico.

Banco de Mexico Gov. Agustin Carstens told the Radio Formula network Friday that a Trump presidency “would be a hurricane and a particularly intense one if he fulfills what he has been saying in his campaign.”

Trump has proposed building a wall along the border and re-negotiating the North American Free Trade Agreement.

Mexico’s central bank raised its prime lending rate by half a percent to 4.75 percent Thursday, citing “nervousness surrounding the possible consequences of the U.S. elections, whose implications for Mexico could be particularly significant.”

Mexico’s peso had lost about 6 percent in value against the dollar since mid-August. It recovered slightly after the rate hike

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Financial News

Africa’s first Fairtrade certified gold co-operative offers hope to gold miners living in poverty

Syanyonja Artisan Miners’ Alliance (SAMA) has become the first artisanal small scale mining co-operative in Africa to become Fairtrade certified, bringing much needed hope to impoverished communities who risk their lives to mine the rich gold seam that runs around Lake Victoria.

SAMA is one of nine previously informal groups from Uganda, Kenya and Tanzania which has benefitted from a pilot project launched by Fairtrade in 2013. This innovative program aims to extend the benefits of Fairtrade gold to artisanal miners across East Africa.

In that short time, SAMA has undergone training in business and entrepreneurship, as well as safe use of mercury, internal control systems, labour rights and better working conditions, health and safety and more. Previously, daily contact with toxic chemicals used to process gold meant members risked disease, premature births and even death.  Fairtrade gold was first launched in 2011, and SAMA now joins Fairtrade certified gold mines MACDESA, AURELSA and SOTRAMI in Peru.

The co-operative produces just 5 kg gold per year, but nevertheless has the potential to significantly benefit many people in the local community through better conditions through certification. It is expected that Fairtrade and organizations like Cred Jewellery will support the miners, ensuring their gold can be refined and made available to jewellers in the UK and other markets.

Gonzaga Mungai, Gold Manager at Fairtrade Africa said: “This is a truly momentous and historical achievement and the realisation of a dream that is many years in the making. Gold production is an important source of income for people in rural economies. Congratulations to SAMA, it sets a precedent which shows that if groups like this can achieve certification, then it can work for others right across the African continent.”

The Fairtrade Gold Standard encourages better practice and changes to come in line with international regulation around the production and trade of so-called ‘conflict minerals’. Under the Standard, miners are required to:

  • Uphold a human rights policy preventing war crimes, bribery, money laundering and child labour
  • Clearly represent where the minerals were mined
  • Minimise the risks of conflict minerals through robust risk assessments and collaboration across supply chains
  • Report to buyers and trading partners regarding the risks of conflict minerals

Now in its second phase, the programme will focus on supporting other mining groups in the region to access affordable loans and explore a phased approach to accessing the Fairtrade market, allowing more mining co-operatives across Africa to participate in the programme.

Gonzaga added: “Sourcing African metals from smallscale miners in the Great Lakes Region is the responsible thing to do. For a long time companies have avoided buying gold from this region, with devastating consequences for impoverished communities who were already struggling. It has driven trade deeper underground, as unscrupulous buyers pay lower prices and launder illegal gold into legitimate supply chains. That’s why we have chosen to work with these groups to help them earn more from their gold within a robust compliance system that offers social, environmental, and economic protections.”

The Fairtrade gold programme offers a small but scalable solution to sustainable sourcing of gold from the region in line with Section 1502 of the Dodd-Frank Act in the US, OECD Due Diligence Guidance and recent EU Supply-Chain Due Diligence proposals which could come into effect in 2016. This means that up to 880,000 EU firms that use tin, tungsten, tantalum and gold in manufacturing consumer products could be obliged to provide information on steps they have taken to identify and address risks in their supply chains for so-called ‘conflict minerals’.

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