Growing interest in crypto trading activities has seen many investors employ various strategies to beat the volatile streak of the nascent industry. One of the fast-rising options is to use a crypto trading robot program such as Meta Profit.
Although this fledgling industry is still novel, these trading bots identify profitable trading ideas and increase the likelihood of generating sizable gains on trades. If you are curious about what these robots are and how they work, this Meta Profit review should help you get started.
This guide will cover everything you need to know about Meta Profit and how to open an account.
Meta Profit Summary
|Minimum Deposit||€ 250|
|Withdrawal Timeframe||24 hours|
|Claimed Success Rate||99.4%|
|Supported Crypto Assets||BTC, ETH, BNB, LTC, XRP, BCH, XMR|
What is Meta Profit?
The Meta Profit software protocol runs on powerful software, including artificial intelligence (AI), natural language processing (NLP), and machine learning (ML) models.
Some online review websites also refer to the software by the name metaverse profit, and metaverse coin.
Its reliance on sophisticated algorithms allows the Meta Profit program to scan the market faster and better than a regular human trader.
The general objective of a crypto trading robot like Meta Profit is to identify profitable trades and optimize profit. The development team behind the project claim that the Meta Profit robot is +EV (positive expectation) more often than a human day trader.
The developers claim that the robot guarantees a 99.4% success rate on its market scouring exercise. This is backed by its fully functional use of AI and other high-end technological algorithms.
Our review of Meta Profit review found that the crypto trading bot considers both an asset’s technical and fundamental aspects before identifying a profitable trade. This enables the Meta Profit robot to gather comprehensive data on the highlighted asset.
The protocol is said to simultaneously scan hundreds of assets at once. This tweaked up robot makes it easy for both beginners and advanced traders to hedge their risks while recording profitability on their trades.
Identified trades are re-routed to supported brokers on the Meta Profit platform. The brokers on offer largely depend on the user’s region of residence. These brokers are often tasked with the responsibility of executing the identified profitable trades and holding the user’s trading capital.
To unlock the full functionality of the Meta Profit robot, new users are required to make a $250 minimum deposit. This is in line with most Bitcoin trading robots of its kind. Our Meta Profit review discovered that the platform does not charge any other fee aside from its minimum deposit which is used mainly in scanning the crypto market.
This Bitcoin robot also supports a reasonable number of other cryptocurrencies in contrast to some of its rivals. Users can easily trade BTC, ETH, XRP, XMR, BNB, LTE, BCH, and a few others.
Our Meta Profit review shows that the platform has a rapid withdrawal window. All withdrawal requests are said to be processed within 24-hours.
Additionally, there is a Meta Profit app for mobile devices which means all trading activities can be performed using the desktop or web-based platform and the mobile option. Both platforms are user-friendly and intuitive which is ideal for both new users and more experienced traders.
Meta Profit Pros and Cons
Understanding the strengths and weaknesses of a particular automated trading service or offer helps you to properly optimize for the highest results. We have curated some of the pros and cons of using the Meta Profit app for your crypto trading activities:
- Mitigates Risk, Optimizes Profit
- Reasonable Minimum Deposit
- Demo Trading Account
- Zero Platform Fees
- Rapid Scanning Capability
- Unknown development team
- Success rate (ROI) may be unrealistic
Cryptoassets are a highly volatile unregulated investment product. No UK or EU protection. Your capital is at risk.
How Does Meta Profit Work?
Meta Profit operates like most crypto trading robots. Once launched, the crypto robot scans the digital asset market using powerful algorithms like AI, NLP, and ML models. These software allow it to identify profitable buy or sell trades that the user can lock in to make gains.
The identified positions are automatically forwarded to a broker that the user is registered with for trade execution. This broker would handle the trading capital, account management, and also charge its own commensurate trading fees. This means a user would need to create an account on a supported broker of the Meta Profit ecosystem.
Furthermore, our Meta Profit review shows that the digital assets traded are CFDs. CFDs stand for contract for differences and are financial derivative instruments. These assets are contracts taken by an investor to either buy Bitcoin, for instance or sell the asset at a particular price once the contract expires.
Essentially, a user does not own the digital asset, say Bitcoin, that they are trading but only the price movement of the underlying asset. This has the added benefit of solving the storage issues new crypto users usually face when storing their digital assets. Crypto CFDs do not need to be stored as there is no ownership involved in trading these assets.
Meta Profit Key Features
Meta Profit comes with a number of unique features investors can leverage to profit from the crypto market.
A dummy account is a crucial aspect of a trading robot, and the Meta Profit platform has this feature. New users can easily try out some trading strategies and conduct Meta Profit tests against real-time crypto trading environments. Also, this serves as a unique opportunity to learn how the platform works before making actual investments.
- Rapid Scanning Capability
Meta Profit uses complex technologies to scan the market. This makes the Bitcoin trading robot faster than a normal human trader. The trading bot is able to scan hundreds of technical, fundamental, and market trends in seconds.
Creating a platform for users that is not limited to geeks or experts has been very crucial for the success of several businesses. This is a lesson the Meta Profit team understands well. The platform is user-centric and easy to navigate. The robot can be launched with the tap of a button and users’ trades are automatically re-routed to their broker of choice for trade execution.
AI-powered applications are becoming the norm in our modern age. More companies are turning to these sophisticated mechanisms to outperform the market and lock in profits. Projects like Meta Profit present a viable opportunity for users to spend less time scouring the market. Also coming with autonomous capability, Meta Profit is able to place and set trade limit orders with little human intervention.
- Reduce Losses, Optimize Profits
The first thing you benefit from using the Meta Profit robot is the minimization of potential loss of capital. The crypto market is highly volatile, meaning digital asset prices rise and fall quite often. This has liquidated a lot of people’s capital but Meta Profit serves as a hedge against significant financial loss.
Deploying its complex algorithms, Meta Profit scans the market to locate profitable buy or sell orders and forwards this data to the user. The platform claims to offer as much as 99.4% winning rates on its trades.
To execute its trades, Meta Profit works hand-in-hand with brokers who are charged with the task of executing the identified profitable trades. These brokers also take in user trade deposits and help them take in their profits. A number of them come with two-factor authentication (2FA) and other user-specific security protocols.
Meta Profit Fees
Our Meta Profit review shows that you only need to make a deposit of $250 to start using the AI-powered trading software. Once this payment is completed, the platform becomes accessible by the user. Below, we tabulate the fees of the Meta Profit robot:
Is Meta Profit a Scam?
The burning question on the mind of new user who come across the Meta Profit robot is, ‘is Meta Profit a scam?’ This question has become important due to the number of scam projects or rug-pull protocols currently masquerading as genuine offers in the crypto space.
While there is no straightforward answer, our Meta Profit review was unable to ascertain if the project is legit. However, the platform’s association with a number of brokers attests to a level of legitimacy. These brokers would conduct due diligence to ensure the trading robot passes the legitimacy test. Still, we strongly recommend all users be cautious using this crypto trading robot. We also recommend using only a small amount of capital when depositing.
Another detail investors should be wary of is the claimed high success rate. While this may be attractive, the crypto market is known to be highly unpredictable and volatile. We recommend using the platform cautiously to limit potential losses in the event of a bad trade.
Meta Profit Minimum Deposit
As mentioned earlier, our Meta Profit review shows that the Bitcoin robot charges a minimum deposit of $250. You can easily make the payment using credit/debit cards, bank transfers, and other e-wallet alternatives like PayPal. This is generally in line with what most Bitcoin trading robots charge users.
The Meta Profit app does not charge any other fees aside…
Read More: Meta Profit Review 2022