In this article, we’ll review a new cryptocurrency auto-trading platform called ProfitFarmers to find out if it’s a legitimate product or just another scam.
Cryptocurrency offers a lot of lucrative opportunities, however, many people aren’t quite sure how to make money from this industry.
There are trading solutions, like signals providers and third party trading applications, that can help beginners profit from the market without having to go through years of training and studying.
But, many of the available options are either just elaborate scams or are too complicated for a novice to use.
ProfitFarmers aims to solve this issue by providing a platform that offers both high-quality cryptocurrency signals and fully automated trading.
ProfitFarmers is not a Scam
Based on our test, ProfitFarmers is a legitimate cryptocurrency auto-trading platform that’s great for both beginners and experienced traders!
It wasn’t hard to set up, the UI was very responsive, and the tutorials made it easy to understand how to use the software.
We tested the software, ourselves, by following 6 trades between May 23rd – May 25th to see if their system works.
If the last two trades push through, then we’re expecting to have an extra 68.51% profits from our initial investment!
How it works
ProfitFarmers’ cryptocurrency experts use sophisticated tools to find good trading opportunities and post them on the platform through the form of signals.
If you don’t know what signals are, they’re like instructions from traders that show the most profitable trades on the market.
If the members like the signal, they can decide to follow them and it will activate the software’s auto-trade feature.
All they have to do is wait for the profits to pour into their Binance accounts if the trade succeeds.
How to Use ProfitFarmers
After signing up and paying the €87 membership fee through PayPal, simply login to your ProfitFarmers account.
There are a few requirements before you can start using your account such as:
- A Binance Account
- Binance API Keys
- Some Bitcoin and USDT in your wallet
Don’t worry, their tutorial will guide you through the process and it takes less than an hour to complete.
Once your account’s fully set up, you’re now ready to follow some trades.
First, go to the Fresh Signals section on your dashboard to see what is available (these depend on the market conditions).
Don’t be surprised with these high values on a signal because, in the world of cryptocurrency, it’s not uncommon to see coins that rise to 300% of its value in just a few hours.
Once you decide which trades you want to follow, just click the signal, type in the amount you want to trade with (in USD), and confirm.
At this point, you can leave it alone and enjoy the rest of your day. Just check back after a few hours to see if your trades made some money yet or if things need a bit longer to progress.
If you want to know a little bit more about the software, you can check out the Help Centre on the dashboard.
Just click on any one of the links and it will redirect you to the appropriate section.
Also, if you’re having some technical issues with the software, you can send a support ticket and their representative will get back to you as soon as possible.
ProfitFarmers vs Etoro
ProfitFarmers’ automated trading is a revolutionary system but software that allows you to copy other trader’s decisions isn’t a new concept.
You’ve probably heard of Etoro’s copy trading service. In Copy trading, when you follow a trader, your account portfolio copies the same actions (asset type, entry price, targets, and stop-loss).
However, this also means that you take on the same risks as that trader. If they make emotionally-driven decisions by taking high- risk trades and fail, their followers usually face the same consequence.
With ProfitFarmers, this doesn’t seem to be the case. The software allows users to edit the values for the entry, target, and stop-loss prices so you can choose to be more conservative with your trades.
5 Things we liked about ProfitFarmers
Without a doubt, ProfitFarmers has one of the most elegantly designed interfaces we’ve seen from a trading signals provider.
Even if you have no knowledge of trading or cryptocurrency, you won’t get lost because the step-by-step tutorial will guide you through the process.
Quick Set-Up Time
With ProfitFarmers, it wouldn’t take you more than 30-60 minutes to connect the software with Binance and start following signals.
ProfitFarmers’ auto-trading feature means that the software will execute your trades for you! After you set the trades, you’re free to do whatever you want. There’s absolutely no need to monitor your trades 24/7.
Set Your Own Trades
We mentioned before that you can alter the values of the entry, target, and stop-loss price. This means if you are confident in your trading skills, you can alter the values and potentially make even more money!
From what we’ve experienced, ProfitFarmers’ trading signals are very reliable and our losses were much smaller compared to our wins.
Also, we weren’t rushed into following them and we took our time deciding whether or not to follow the signals available at that time.
Sure, we lost some money with two of our trades but the profits we made thus far more than covered the costs!
ProfitFarmers is not a scam! It is a legitimate crypto trading solution that should enable anyone to make money from cryptocurrency.
If you ever decide to make some money through cryptocurrency trading, then ProfitFarmers is a great place to start!