Meta Profit is a trading app that many people have talked about over the past few weeks. Thanks to the popularity increase of cryptocurrencies and online trading in general, many people are looking for more alternatives to optimize their trading more efficiently.
When Meta Profit came into our hands, we were very surprised to see all the asset availability it offered. Overall, this software offers anywhere from cryptocurrencies, gold, CFDs, bonds, currencies, and more.
Still, we cannot give a full verdict until we’ve tested the software ourselves. Here at Best Forex Broker Australia, our goal is to help you choose the most appropriate trading software according to your needs. In case you’re on the lookout for efficient trading software, keep reading to see if this one is worth your time!
What Is Meta Profit?
In essence, Meta Profit’s home page is a bit confusing to understand. While it gives users a lot of information about trading, it struggles a bit to tell users what it is. According to our research, Meta Profit is a trading app where people can create trading strategies and optimize their trading more fluently.
The Meta Profit team spends a significant amount of time talking to potential users about the potential risks that come with trading any assets. Additionally, it walks you through the basic trading process, including setting your parameters, studying the market, choosing your asset, and more.
It’s vital to note that, according to the developers, anyone can use Meta Profit regardless of their current skill level. However, those who are looking to learn the fundamentals of trading may find Meta Profit appealing since it has an intuitive interface.
Unfortunately, and as we mentioned at the beginning of this section, it’s quite hard to tell what Meta Profit truly offers without testing the app itself. Trading apps that struggle to tell you what they do may not be the best ones to consider, but there’s still a lot of ground to cover.
Keep reading if you want to learn more about our findings regarding Meta Profit!
Is Meta Profit a Scam?
According to our research, it wouldn’t be fair to say that Meta Profit is a scam. However, we don’t believe it’s the most reliable trading software out there. We’re going to outline the reasons for our decision shortly, but for now, we can say that it doesn’t seem to offer anything special that other more reliable apps offer.
If you want to trade with truly good trading apps, we would suggest you go for reputable apps like BitiQ or Bitcoin Prime.
How Does Meta Profit Work?
Meta Profit’s methodology focuses on ‘helping the trader learn the fundamentals of trading in a much more efficient way.’ It doesn’t claim to be an automatic trading app as many others do.
Overall, Meta Profit’s home page gives users an outline of how complex trading can get, and how important it is for people to develop their trading skills continually if they want to see results. As mentioned by many experts, as long as you stay consistent, you’re likely to make results.
In essence, Meta Profit’s team claims the app can take most of the trading stress off your shoulders since it comes with a wide range of tools that can help people study the market thoroughly and find a proper trade. According to our research, Meta Profit focuses on offering trading signals and other tools that may help you understand things a bit easier.
Most of Meta Profit’s features are perfect for professional users. However, those who have never traded before may also try out Meta Profit. According to the company, the app was designed to fit both user types’ needs.
Generally speaking, people can trade with CFDs, bonds, cryptocurrencies, currency pairs, and more. While we recommend not to trade with more than one asset type at the same time, it’s an option that the team offers you.
The process for using Meta Profit is simple: You create an account, fund it, and start trading. As mentioned before, we don’t find Meta Profit to be anything special in comparison to other popular trading apps.
Overall, the platform seems to be very basic, so we can’t tell how far you can go with your trading. In case you’re looking for something more advanced, you may be better off with another alternative. The company spends a lot of time on its home page talking about how easy to use Meta Profit is. However, the fact that a trading app is easy to use doesn’t make it automatically ‘good.’
How to Create a Meta Profit Account
Creating an account for Meta Profit follows a similar process to those of other apps. In case you want to know what you have to do to register for this platform, keep reading! H3 Step One – Registration
You’re going to find a small registration form at the top of the website. Overall, you only have to fill out four boxes, which are:
- First Name
- Last Name
- Email Address
- Phone Number
Apparently, that’s all the Meta Profit team needs to get you started. We found this to be a bit weird since reputable websites also ask for some sort of ID verification to get started. Remember online trading is an activity that many people take seriously, so many companies make their sign-up processes strict so there are no security risks.
An extremely important thing to note here is that there’s a small text right below that states that by leaving your personal details in the registration form, you’re giving the company consent to share your personal information with third parties providing trading services.
Step Two – Setting Up Your Account
The next step is to set up your parameters. This includes choosing your preferred asset, looking for the right trading signals to request, implementing the right features based on your current trading goals, and more.
Remember you’re free to spend as much time as you want during this step. In fact, it’s even recommended for users not to rush this step since any wrong decision could make the person lose entire trades.
Unfortunately, Meta Profit doesn’t seem to offer a ‘Demo’ account for new users. Many trading apps come with this feature so that users can test their strategies in real-time without the risk of losing their money on the session. According to what we saw, the Meta Profit platform expects you to jump right into it.
Step Three – Funding Your Account
Overall, the Meta Profit team encourages experienced traders to spend as much money as they want on the platform since ‘the more funds, the better.’ This isn’t necessarily true since having more money also involves more trading risks.
Logically, investing a lower amount of money also implies lower gains sometimes. However, regardless of whether you’re a beginner or a professional, we always recommend users start small and work from there. That way, they avoid experiencing significant losses.
The Meta Profit team states that the recommended amount to start trading is $100, although you may start with as little as $20. A good rule of thumb is this one: Never invest more than you can afford to lose.
Step Four – Trading
As the name implies, the last step involves clicking on the ‘Trade’ button and getting started. Remember you must update your strategies accordingly as you go through your trading sessions.
The Meta Profit platform isn’t anything out of this world, so if you want to work with an app that truly makes the most out of your trading capabilities, we suggest you go for any of the recommended trading apps on our website.
What Are the Key Features of Meta Profit?
There’s nothing much to say about Meta Profit. As we mentioned several times in this review, it doesn’t bring much to the table other than the wide compatibility with several assets.
Still, we’re going to give you a general outline of what you can expect from each feature Meta Profit offers so that you have a clearer idea of what we’re talking about.
Ease of Use
Meta Profit was designed to fit both beginners and experts in the trading world. While professionals may get the hang of the software much faster, beginners may also be able to understand how the basics work within a few sessions.
Every setting in Meta Profit is labelled accordingly, so you don’t have that much of a chance of getting lost in the way. Even if you get confused by the platform at first, give it time; you may be able to get the hang of it eventually.
One of the most remarkable features of Meta Profit (if not the most remarkable feature) is that it’s compatible with a wide range of assets. Whether you want to dive straight into currencies or you want to test your luck through CFDs, the decision is up to you.
As mentioned before, we don’t recommend anyone start trading with two or more assets simultaneously. Instead, you may try starting with an asset you’re familiar with, get good at it, and then go on with another one once you’re ready.
According to the platform, users keep 100% of their earnings. While this is excellent news, it’s a bit weird considering that most trading platforms charge a fee for every completed transaction; that’s how these platforms make money.
Today, it’s uncertain how Meta Profit makes money. This would be reason enough for suspicion for some people, and for good reason. Overall, we advise you to be careful with your money if you ever decide to invest with this platform.
One thing that the Meta Profit team does clarify is that it doesn’t hold responsibility for any fees your bank may charge. As you may already know, some banks charge particular fees for online transactions.
A nice touch about Meta Profit is that it works on any device that has access to the internet and a browser. This means that you can access this trading platform from your desktop computer, laptop, tablet, or phone.
Some professionals tend to use several devices when they’re trading so that they don’t miss any potential opportunities. Still, this feature is available on most trading platforms, so it’s not something too special either.
What About Customer Support and Security?
One of the things that led us to believe that Meta Profit may not be that reliable was its customer support department. When you go into Meta Profit’s ‘Contact Us’ page, you’re only greeted with a simple contact form that asks for your name, email, and message.
Apparently, you’re supposed to hear back from the company once you send the message. We tested this option and didn’t get any response back, so we cannot say if it has worked for other people or not.
Most trading apps currently come with military-grade encryption, which ensures that every transaction is going to go over smoothly. However, the Meta Profit website doesn’t provide any information of this kind, so we cannot say for certain that this website is 100% safe for users.
Another thing to point out (and we mentioned it briefly at the beginning of this review) is that the Meta Profit team claims to work with ‘multiple third parties,’ and that they may send your personal data to those third parties if you disclose it in the registration form.
In some cases, that’s standard procedure, but the fact that Meta Profit doesn’t mention what these ‘third parties’ are makes things a bit suspicious.
Currently, we can’t recommend Meta Profit 100%. If you want to trade with good software, you can go for apps like Bitcoin Prime, BitiQ or any of the others listed on our website!
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