ProfitTrailer Company Overview
As we were able to gather from the website of the crypto trading bot, it was established in 2017. The company claims to be the number of crypto trading bots with over 30,000 traders using the software. The statements made by the company seem to be very confident, in fact, too confident.
We have decided to double-check everything that the company claimed, and were able to identify some problems. We went online and contacted different traders who have used this trading bot, who told us that they had a hard time making any profits.
One of the things that raise the most questions is that the company does not display the team behind it. We were only able to find out that it is based in Curaçao. However, as for the people who created or who run it, the website does not offer any information.
This is a very negative thing, especially when we are talking about crypto trading bots. Because the website does not tell its clients about the people who are behind the company, it is very hard to trust it.
In most cases, leading crypto trading bots in the market have special pages where they list all the team members who are working very hard to create competitive services, but this is not the case for ProfiTrailer. The company does not provide any details about the team behind it.
This is one of the main reasons why we believe that it would be better to trade with other bots in the market. There are numerous of them available online that offer traders high-quality services.
Cryptos & Trading Platform
Although there are some issues associated with ProfitTrailer, there still are some people who are using it. As much as it is not recommended, it would be a lie to say that this crypto bot is useless.
Crypto trading is a very popular market around the world, and the majority of the cryptocurrencies that this bot is capable of trading are used by millions around the world. Among the cryptocurrencies that this bot can trade are Bitcoin, Ethereum, Dogecoin, and many others. Bitcoin is the single largest cryptocurrency in the market, which is a frontrunner in the cryptocurrency market.
Bitcoin is how the whole crypto popularity started, all of the other coins in the market are called altcoins because they were released after Bitcoin. We have already noted that we do not recommend trading with this bot, but the few positive sides of it should also be discussed.
Among them are the numerous trading charts and indicators that are available at this crypto bot. If you for some reason decide to use this trading robot, you might find the available indicators helpful, as it will give you the ability to double-check the signals of the bot.
ProfitTrailer Crypto Bot Overview
The company claims to have over 30,000 active clients, but we could not find a way to check the information. This is simply something that the company claims, we don’t know if it is true or not.
The company claims that the interface of the trading bot is very intuitive and user-friendly. We checked the trading bot on our own and found that the interface of the trading bot is far behind the leading trading robots in the market. Profit Trailer is your basic automated trading solution that works like any other regular bot, without offering anything special.
The bot is simply created to follow the settings that you pre-determine. The trading bot is not failproof at all and the clients of the company have many times reported about different types of glitches and problems that make it a bit hard to trust it with your hard-earned money.
A very useful thing that you can do to better decide whether to use the trading bot is to test it out before using it. You can open a demo account and see how exactly it works. You can also backtest the trading bot and see how it would respond to different types of market conditions and make a much better decision.
Is ProfitTrailer Worth It?
There are numerous subscription options offered by Profit Trailer. The company offers a free version as well, but it is not useful at all. The free option can be used on certain crypto exchanges only, and it is not as useful as many others available in the market.
As for the paid versions, the company claims to be offering three different options. The first one is signals edition, which is a signal provider robot, and it does not trade cryptocurrencies for you. It costs 30 euros a month, and it only includes signal indicators, which is nothing special and is even less useful than the free versions.
The basic subscription option costs 49 euros per month. The company claims that you can get a lifetime trading bot for 799 euros, which is a very unusual offering. For the one-time payment, you get over 40 indicators, which is honestly nothing special, especially when you compare it to other trading bots in the market.
The advanced version of the company costs 69 euros a month, or 999 euros for lifetime usage. The weird thing about this offering is that there are just a few differences between the advanced and basic subscription options, and it simply does not make any sense why would the company create two different subscription options when the difference is minimal.
All in all, the pricing does not make any sense whatsoever. For the services that are offered by the trading bot, it can be said that it is overpriced and there is no justification for the prices. We believe that the trading bot is simply not worth it. Numerous others in the market offer much better services.
Final Remarks on ProfitTrailer Bot
After reviewing ProfitTrailer and going through every little detail about the trading bot, we can say that this trading bot is not on the same level as others in the market. While reviewing the trading bot, we had a very hard time understanding how the trading bot worked, who created it, what was so special about it, and so on.
Because of many negative aspects associated with the trading robot, we believe that it is not something that should be used by crypto traders. There are numerous others available in the market and this one is simply not worth your time or your money at all.
Frequently Asked Questions on ProfitTrailer
How do I update my ProfitTrailer?
To update the trading bot you go on the website of the company and look for the recent releases. Once you check the release notes, you should choose Changes SInce the Last Release, this way, you will see if any new updates have been released. After you find the update and download it, you should replace the ProfiTrailer.jar in the currently installed bot folder with the one you downloaded. After this, you restart the bot and it will be updated automatically.
What is a PT bot?
ProtifTrailer bot is a cryptocurrency trading bot that was created back in 2017. Although the company has several years of experience in the market, it has still not received wide web exposure, which can be an indication that there is something that the company is not doing right. There are several issues associated with PT that we have discussed in our review above.
