What Is Copy Trading and ProfitFarmers?

What is copy trading and how does it work, and also what is ProfitFarmers? 

The Answers

To answer the questions, copy trading a trading method where you trade by “copying” the trades of another trader. This post, “What is copy trading and how to copy trade?” by Axi, explains nicely how this form of trading works. 

To be precise, it elaborates that in copy trading, a broker offers a piece of software or app. The software or app contains a long list of skilled and successful traders, which it calls “signals.”  

Your Role as a Copy Trader

As a copy trader, your job is to sign up with the crypto trading platform and link your account to the software or app. Thereafter, you’ll receive trading signals, to which you can choose to connect. Once you connect to a signal, the software or app will automatically execute every trade the signal executes. Your signal will charge a percentage of your profits, in return. That’s basically how copy trading works. 

Software products that allow you to perform copy trading automatically and in real-time exist in plenty. They typically double as copy trading platforms. These include eToro, FXCM, and Perpperstone. With reliable software, when someone executes a trade, the software will copy and execute the same trade for you without any issues. 

Etoro seems to be the best copy trading platform and software, in my opinion. If you look at and analyze etoro copy trading statistics, you’ll be shocked to see how top traders are reaping huge ROI percentages.

Is forex trading profitable? To answer the question, FX provides incredible opportunities to make profits. That explains why, while etoro.com deals in both forex and cryptos, the former seems to be more popular as far as etoro copy trading options are concerned. Another great thing about forex copy trading is that the market is more stable and predictable, meaning reduced risks. 

Notably, forex copy trading can be highly rewarding when you copy a legit forex god. Speaking of which, what is a forex god and what are good examples of some? 

To answer the above questions, a forex god can be anyone who is knowledgeable, skilled, seasoned, and successful in forex trading. Good examples of forex gods include George Soros, Paul Tudor Jones, Bill Lipschutz, and Stanley Druckenmiller.

My Argus Capital review elaborates well on what a forex god is, giving examples of some. If you haven’t read it, please find time to, because you’ll learn a lot about forex gods and about a fake platform for trading cryptocurrencies and forex, known as “Argus Capital.” 

Copy Trading and ProfitFarmers Review

Now that you know what copy trading is all about, what a forex god is, and how it helps to work with one for this kind of business, it’s time to delve into ProfitFarmers. 

In this comprehensive ProfitFarmers review, we look at ProfitFarmers in detail, breaking it down and highlighting its so-called main components and features. Additionally, this unbiased review answers a few questions and addresses a few doubts you might have, including whether or not it’s safe and trustworthy.

What Is ProfitFarmers?

Here’s a table showing ProfitFarmer summary. Please note that I derived this data from the company website(profitfarmers.com) and also from third-party websites. 

ProfitFarmers purports to be a crypto exchange that offers profitable copy trading opportunities. Speaking of which, what is a crypto exchange and how does it work?”

To answer the question, a crypto exchange is a website where people can buy and sell cryptocurrencies. 

The Company’s Website Talks Unnecessarily Big about ProfitFarmers

ProfitFarmers claims to provide technology that enables you to make profits without necessarily putting in lots of effort as a beginner. In addition, the website also boasts of providing multiple auto trading features that will spare you the stress associated with various crypto trading strategies and techniques. It makes you believe that no matter how green or experienced you are, it is what you need to succeed as a crypto copy trader. 

Do you keep hearing or reading about Profit Farmers without knowing much about it? Are you looking for an honest Profit Farmers review to get honest and accurate information on this product? If you answered yes to any of these questions, it’s safe to say that today’s your lucky day!

Who’s Behind ProfitFarmers?

The “About ProfitFarmers” page on profitfarmers.com mentions a guy named “Mathew Tansley” as the individual behind ProfitFarmers. On the page, he conveys his message, explaining why he developed profitfarmers.com and how powerful this supposedly cryptocurrency trading software is. 

But don’t be fooled by his convincing claims because this whole thing is a scam, and I’ll prove to you why in a bit. 

Supposed Features

The product website, profitfarmers.com lists several supposed important features of ProfitFarmers as shown in the screenshot below: 

A screenshot of the Profitfarmers website(www.profitfarmers.com) displays supposed ProfitFarmers features.

Packages

The company claims to offer two different ProfitFarmers packages (Free Account and Pro Account) with different components, as shown in the screenshot below:

A screenshot of the ProfitFarmers website shows two different types of accounts ProfitFarmers supposedly offers.

ProfitFarmers Review: Why This Platform Is a Scam

1. Conflicting Location Reports

The product website offered no details about the company’s physical location at the time of writing this ProfitFarmers review post. This was the first red flag, which led me to want to probe ProfitFarmer deeper. 

But TrustPilot and LinkedIn reported conflicting location information. The former indicated London, UK, whereas the latter showed Bulgaria as the physical location of this company. I could not verify this information. As it stands, nobody knows exactly where ProfitFarmers is physically located. 

2. Pushing Customers To Deposit Funds

Here’s what ProfitFarmers looks like when you log in:

A screenshot image shows what ProfitFarmers looks like on the side:

The first thing you are treated to when you log in is a message that tries to convince you to deposit money (21 dollars), as shown in the graphics below;

“WAIT! GET 21 DAYS OF PRO ACCESS FOR ONLY $399 $21”

A screenshot image shows how the company pushes you to deposit funds.

Generally, the page comprises more of “pay this amount and get blah blah blah” stuff than any other meaningful information. It’s like this broker’s priority is to get you to deposit funds so that he can take them. 

Page Saturated with Too Many Payment CTAs

What’s more, I noticed that the page was saturated with the button to get you started with the paid Pro Account. I could see it a whopping five times during my scroll down the page. It’s like the guy decided to add it below each paragraph, naming it slightly differently in some instances. Here’s how it appeared:

Screenshot 1 shows a button meant to persuade you to fund your account. 

Screenshot 2 shows a button intended to persuade you to add money to your account. 

Screenshot 3 shows a button designed to persuade you to transfer funds into your account. 

Screenshot 4 shows a button meant to persuade you to fund your account. 

Screenshot 5 shows a button intended to persuade you to deposit money into your account. 

The Button To Click To Access Free Copy Trading Isn’t Prioritized

Notably, there was no button to click to access free copy trading. Instead, there was only a link for that purpose below the final button, as shown in the screenshot below. This was not as conspicuous as the above buttons, which is why I almost failed to see it.

A screenshot shows an inconspicuous link to the free trading account. 

Honestly, that is not how the page should look like or how you set up call to action (CTA). In my opinion, it looks too pushy, sales, and unprofessional, and can better be associated with a scammer. 

3. Compelling You To Connect To Your Binance Account

It’s highly suspicious that it’s impossible to use ProfitFarmers without first connecting your Binance account to your ProfitFarmers account. Even though I accessed my free account, eventually, it was impossible to proceed thereafter without first connecting my Binance account. You can see in the screenshot below how the system was telling me to connect my Binance account to unlock all features.

A screenshot shows how ProfitFarmers obligates users to first connect their Binance accounts before they can access all the futures that the software offers.  

4. Introductory Video With Questionable Information

ProfitFarmers.com shares a supposed introductory video. In the 10-minute video, the person behind this company can be seen addressing viewers and showing them trading results, statistics, and testimonials. All that seems fake and questionable without an iota of truth and authenticity. 

5. Trustpilot Review of ProfitFarmers

Trustpilot gives ProfitFarmers a trust rating of 3.9 out of 5.  Surprisingly, there are several customer reviews regarding this broker, most of which are positive. Of course, you know that you can buy trustpilot reviews nowadays. Don’t you?

6. Scamadviser Review of ProfitFarmers

Unlike Trustpilot, Scamadviser gives ProfitFarmers the lowest trust rating(1/100). The scam checker website warns users to proceed to profitfarmers.com with caution. It further points out that this broker is actively preventing credit card chargebacks, indicating a higher level of scam. Also, the feedback from customers who tried PF is generally negative.  

The fact is that ProfitFarmers is not as safe and trustworthy as Trustpilot’s feedback makes you think. 

8. Facebook Review of ProfitFarmers

ProfitFarmers has a Facebook page, supposedly with 9.1k likes and 9.1k followers. This suggests that each follower gave the company a single like, which is practically impossible.  Funny enough, the company has made several posts on that page, but none of the posts attracted a comment. That made me believe those were fake figures, probably bought figures. 

9. Reddit Reviews of ProfitFarmers

Probing ProfitFarmers further, I went to Reddit, where, I came across the following link:

https://blog.coincodecap.com/profitfarmers-review?utm_source=rss&utm_medium=rss&utm_campaign=profitfarmers-review.

It redirected me to a positive review of ProfitFarmers on a blog called “Coin Code Cap.” This 2021 review of profitfarmers.com by an author named “Prabhat Tiwari,’ did not sound remotely legit. The exaggerated claims left me even more skeptical about the product.

10. LinkedIn Review of ProfitFarmers

On further probe into ProfitFarmers on LinkedIn, I found the company on the professional networking site. The ProfitFarmers page, which had 86 followers at the time of writing this review, said that ProfitFarmers is based in London. Yet it’s not in the Financial Conduct Authority website’s database.  Meaning it’s unregistered and unregulated, a strong indication of a possible scam. Plus, Trustpilot, on the other hand, pointed out that this company is physically located Bulgaria. 

What Is Copy Trading and ProfitFarmers? My Final Verdict

Copy trading can be a great way to make if you find a reliable platform that connects you to real traders and provides you with effective tools necessary to execute quality trades. Regardless of the fact that some reviews out there claim that ProfitFarmers is legit, the reality is that this website is a scam. The indications for that are simply overwhelming. If you care about your hard-earned money, and are looking for a legit copy trading broker, I recommend you try better alternatives. There are plenty of those out there, including eToro, Pepperstone, and FXCM.

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