Proficator Review 2024: Is It a Scam or Legit?

The intersection of artificial intelligence (AI) and machine learning has provided cryptocurrency lovers with a powerful trading tool: crypto AI trading robots. Bitcoin robots continuously track the crypto market for profitable trading opportunities, and once they find them, they complete them for you. 

Many crypto traders have adopted these AI bots because they remove the need for manual intervention, providing them with a hassle-free trading experience. 

But based on my decade-long experience reviewing crypto trading products, I’ll tell you choosing an appropriate bot is never easy. What with the market flooding with alternatives, each claiming to be the best? Which is the reason for this Proficator review. 

Here, we’ll comprehensively review Proficator ‘s key features. Ultimately, we’ll have answered whether it is a scam or a legit trading platform. So, let’s dive into the bot and unpack its features and functions.

Overall Rating of Proficator- 4.8/5 stars

During our Proficator review, our team combed through existing reviews and testimonies from users who had actively interacted with it. Based on these responses, we give the bot a solid 4.8/5 star rating.

Here is a sneak peek of the factors we considered in that determination. 

What is Proficator?

Proficator is an AI-based crypto trading platform that simplifies contract-for-difference (CFD) trading using advanced algorithms. With it, you can set your parameters and tailor stop loss limits to your trading strategies or let the algorithm automate the trades.

The bot analyzes market data, including crypto prices and volumes, to identify correlations between market components. It then uses statistical analysis to determine the strength of those relationships to make informed predictions.

This way, Proficator increases your likelihood of hitting profitable trading opportunities, assuring you an impressive success rate. But, you must understand the risks and take appropriate mitigative measures.

How Does Proficator Work?

Proficator combines statistics and AI-driven calculations to examine market factors and their influence on cryptocurrency prices. It then draws significant correlations between them, identifying repeat trends that it applies to crypto trading.

The trading procedure uses CFDs, where the bots initiate long or short transactions. As opposed to regular buying and selling, you don’t hold the underlying asset in CFD trading. Instead, you have a contract indicating who earns the difference between the asset’s opening and closing prices upon correctly predicting the price change.

For example, if you take a long position on Ethereum (ETH) and its price rises, your counterparty will pay you the balance between ETH’s opening and closing prices. Conversely, you’ll bear the difference if ETH prices fall.

Is Proficator Legit?

Before completing any transactions, you should confirm the legitimacy of the potential cryptocurrency trading platform. This is particularly crucial with so many fraudulent enterprises in the cryptocurrency space.

To write my evaluation, I looked at other users’ internet reviews to see their thoughts on the site. The platform appears to have differing perspectives; certain users assert to have utilized Proficator and generated income. Others, though, express worry about the bot’s lack of openness.

Of course, some things would lead you to doubt the website’s legitimacy. To begin with, the official website lacks sufficient transparency. The lack of information about the bot’s designers makes determining its credibility more challenging. 

To discover more transparent platforms, check out our list of the best Bitcoin CFD brokers in 2024.

Since Proficator is still unregulated, scams on the site could potentially happen to you. Should this occur, it can be challenging for you to get back any money you may have lost on the platform.

Having said that, I suggest that you conduct independent research before beginning. Test out different tactics with the sample account to see if the website is worth your time.  

A Closer Look at The Key Features of Proficator

Now, let’s look at some of the key features offered by Proficator to give you an idea of what the robot provides. Here’s what we found during our Proficator review.

Automated trading tools

Proficator stands out for its advanced AI-driven trading tools that can automate strategies and remove the emotional component from trading. This reduces the risk of human error, ensuring more consistent and profitable trades.

Educational resources

The platform also provides educational resources, including tutorials and guides, to help users understand the nuances of CFD trading and make informed decisions.

Customer support

Proficator offers 24/7 customer support through email, live chat, and an online form. Most users report positive experiences with the support team, though some have noted occasional delays in response times.

Supported assets 

Proficator allows trading in over 70 CFD pairs, including major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH), as well as stocks, commodities, and forex. This diverse range of assets enhances its appeal to a broad spectrum of traders.

Artificial intelligence and machine learning

The bot leverages AI and machine learning to improve its trading strategies continuously. It adapts to market conditions, ensuring its trading algorithms remain effective across different market environments.

Pros and Cons of Proficator

Proficator Fees

Comparing a platform’s fees is one of the top priorities when searching for a new one for cryptocurrency trading.

The costs charged significantly impact your overall experience. Exorbitant fees could reduce the return on your investments. Because of this, you have to be sure that your chosen platform is open and honest about disclosing related expenses, such as upkeep, deposit and withdrawal fees, and any other unstated costs. 

However, with Proficator, you needn’t worry about that. You only incur a 0.01% commission on every trade you make. While that might come out steep compared to other platforms, there are no underlying fees. Plus, you don’t pay anything to deposit or withdraw your funds. Thus, using Proficator proves to be an affordable alternative in the long term.

Is Proficator Available in My Country? 

When searching for a platform, consider the nations where it may be used. Regulatory matters are also important, particularly when seeking the appropriate investment products. 

According to the official website, Proficator is available in many countries worldwide. However, the bot isn’t available for trading in the US due to legal restrictions. 

You’ll need to visit the site and create an account to see if you may utilize the bot for your location. You won’t be allowed to register and will receive a warning if your nation isn’t on the green list.

Depending on where you live, you might be able to use a VPN to access Proficator if the platform is blocked in your nation. 

How To Use Proficator in 2024?

Now that we’ve discussed Proficator’s most important features and details, it’s time to see how the bot works. 

If you’d like to try out the platform, here’s a run-through of the entire process. 

Step 1: Register your account

Visit Proficator’s official website and fili in the registration form with your details.

Step 2: Complete phone call verification

After submitting your registration, a Proficator’s-affiliated broker will contact you to verify your account. Be prepared to answer questions about your trading goals and experience.

Step 3: Set your trading parameters

Once verified, you’ll gain access to the platform. You can spend some time setting up your trading parameters or choose to let the bot handle everything automatically.

Step 4: Start the trading robot and monitor it regularly

Deposit the minimum required amount of $250 to activate your account. Monitor the bot’s performance regularly to ensure it aligns with your trading strategy.

Step 5: Withdraw your funds

Withdraw your earnings using the same method you used to deposit funds. Proficator does not limit withdrawal amounts, offering flexibility in accessing your profits.

Proficator User Reviews

Most users vouch for (Robot Name) and its offerings, but others have been critical of it. This is quite common with any platform and a trading bot, considering the controversies surrounding them. 

Nevertheless, Proficator can still be a valuable CFD trading tool. You must develop a solid trading strategy, master its use, and exercise caution in your transactions.

The Verdict

From our analysis, we find Proficator to be a handy tool for automatically trading crypto assets using AI algorithms. If you’re a trader seeking crypto CFDs, you’ll be right at home with the bot. 

Among its outstanding features is its multi-asset offering. With that, you can trade stocks, commodities, and currency pairs with a high success rate.

I’d encourage you to test it to see how it performs. Should it not measure up to your expectations, there are other trading bots that you could consider. So, please read our reviews on Quantum AI, Immediate Edge and Immediate Apex AI.

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