Are you interested in Forex trading? You want to know whether the QProfit System can help you to make some money, right?
There are tons of people interesting in trading and therefore some companies found out that this would be a good niche, to show people what to do and teach them how to make money.
But at the same time, a lot of scammers are involved as well and they only want to take advantage of people.
They set up a website, promising you big returns. People hungry for quick money don’t realize that some of those websites are deceptive. They forget to double-check the information listed on that specific website.
For example, whenever I see a website using fake testimonials, to me it is a no-go.
And there are other things we should be looking at before signing up.
We are about to check the QProfit System website, to check for the potential red flags. So by the time you are done reading this post, you will know the answer to the question: Is QProfit System a scam?
It most likely was.
The company doesn’t exist anymore. Below I mention a little bit more, but the bottom line is – Stay Away from the company.
Let’s dive into it.
Please note, that I am not a member or an affiliate of QProfit System.
This review is based on research and information available online in the public domain.
Any recommendations and conclusions are only opinions and may not apply to all persons or situations.
QProfit System Overview
Product Name: QProfit System
Price to Join: $0 to get in. But You need to send $250 as a “deposit”
Creator: Jerry Douglas
Do I recommend it? No!
QProfit System Review – Quick Summary
QProfit System is a Forex and CFD trading robot claiming that you can make more than $2,000 per day.
This system is free to join, but the catch is that you need to deposit the minimum broker’s requirement of $250. It is said that this money is yours and you can withdraw them anytime.
That is not true. Once you deposit the money, it is gone – forever.
QProfit System is phony and one of a few red flags are fake testimonials and the guy in the sales video is just a paid actor.
At the end of this post, I will leave a link where you can learn more about a legitimate way how to generate income online.
What is QProfit System
QProfit System claims to be a Forex and CFD trading platform that is fully computerized, so you don’t have to worry about anything. Sounds promising, but in my experience (and I am sure yours too) when something seems too good to be true it usually is.
I am not sure how experienced you are when it comes to trading, or any other making money online activity, but whenever I see that some software generates income on autopilot, I run away from that system.
But bare with me; we are going to find out that this entire system is phony.
The QProfit System allegedly can predict the market with more than 90% accuracy. Well, I really doubt that it could have predicted what has happened in March/April 2020.
Despite that, there is simply not such a robot or computer that can do that.
One of the most successful investment management firms, Bridge Water, has more than a thousand employees and they use a lot of computers. It takes constant human intervention when it comes to the prediction of the stock market. And computers can be used to simulate what is gonna happen, but only as a support and not as a primary source for making a decision.
When it comes to trading, good traders are those who have realistic win/loss expectations.
So the claim about how QProfit System software can predict the market with more than 90% accuracy is a total B.S.
We are going to check who is the creator and after that, it will be clear to you what is this system all about.
Who Is Behind
According to the introduction video, the guy who created the QProfit System is Jerry Douglas. He claims that he graduated with First class honors with master of Financial Sciences.
Apparently, he had a job at some financial institution and later at Goldman and Sachs.
After years of working, he somehow found a way to “automate his financial work”.
Together with his friend Sasha Petroshenko (former engineer for NASA), they developed the QProfit System…
Enough of these shenanigans.
This whole story is made up and this Jerry Douglas guy is just an actor.
How do I know?
This is a fact and it is stated on their Disclaimer page:
So, if there is not a real person, who should we contact in case of questions, or concerns?
They have an email, so I went ahead and contacted them.
So far no feedback at all.
It is strange to me because allegedly this is supposed to be a “sophisticated software” and they forgot to use the email autoresponder.
How Can you Get In
After watching the sales video you can sign up, where you can watch another video.
You are asked then to create your account.
There are 3 steps.
- Complete the registration form where you need to enter your name, surname, email, and a valid telephone number.
For some reason, I got a message saying that I cannot register with my email and I should try another one. And this is already after the initial sign-up process.
- Deposit the minimum $250 deposit for a broker to activate the account
- Your broker will start managing your account
The deposit you can make with your credit card or debit card or even with Bitcoin.
This is a tricky step since once you reveal your credit card information, they have all they need to charge you even more.
We don’t know exactly who is behind the QProfit System. And this sign alone proves that it is a scam.
Regarding the 3rd point;
Based on what we have found out so far, it should go like this: “say goodbye to your initial deposit”.
Who is it For?
I do not recommend joining this system.
The information we have so far revealed is enough to say that QProfit System is an outright scam.
I mean would you deposit your $250 to a system that uses an actor and fake testimonials?
I doubt it.
This is not a legitimate system.
The Claims vs Facts
- Fake Testimonials and “creator”
We have already proven that the guy in the sales video is not the be who created the QProfit System.
Here is the screenshot of alleged members:
I was able to find the 1st tow at the iStock website as per screenshots below.
Unfortunately, I could not find the 3rd guy.
So here is the stock first stock photo.
And here is the lady (you can purchase it as well and use it).
- Misleading information about the price
It is said that you can get in completely for free, but in fact, you have to deposit $250.
- Questionable creator
First I was trying to do some research about Jerry Douglas. I only found a profile of Jerry Douglas, but there was no photo and the information in his CV does not correspond with the story in the QProfit System sales video.
Then I went ahead and checked the QProfit System Disclaimer page and to my surprise, it was all there.
- Unrealistic Earning claims
For a deposit of $250, it is not possible to earn $2,500 daily.
This is related to the claims that those”testimonials” say.
Besides, a legit trading company informs about a potential risk.
It does not claim that you will make hundreds of thousands of dollars within a short period of time.
- Fake Scarcity
Apparently, they allow only 50 people to get it. But is it 50 per week, or a month?
My point is that this video has been on since the beginning…
They either don’t have more than 50 – which I doubt.
They just want to create this sort of pressure, to make you sign up today and of course to make the deposit.
The Q Profit System doesn’t exist anymore.
They have changed their domain name and after logging in, you would be re-directed to a different system called Trade Union Pro.
This is, again, a company with unregulated forex brokers, so my suggestion is to stay away from these guys as well.
What I like
- There is not a single thing I like about the QProfit System.
What I don’t like
- The paid actor claims to be the creator of the QProfit System
- Fake Testimonials
- Unrealistic Income Claims
- Email Address does not work (or at least no feedback)
Is QProfit System a scam?
It certainly is.
There is no doubt about it.
On a side note:
When it comes to Forex trading, there is a lot to learn and you need a budget.
Let me share with you these key takeaways:
As we see, the “steep learning curve” is essential for those who want to become successful forex traders.
In my opinion, there are easier ways how to make money, for example, affiliate marketing.
Where to Go From Here?
Trading can be hard and it requires a lot of knowledge. In case you want to go via broker I recommend you find a certified one.
But, if you are just curious about making money, and trading is just one option you had in mind, let me ask you a question:
How would you like to have your own business online?
And by business, I mean a website.
I believe you know that many websites are making 4 or 5 figures per month, right.
You probably have not realized that these days it is very easy to set up a website.
A simple website like you are just at.
Once you build the foundation, then it is easy – I would compare it to a PowerPoint where you just create content, add images, and then hit the publish button.
I admit it is a bit more complicated than making a presentation, but my point is it is not difficult either.
Let me show you how easy it is to create a website like this:
This is just an “empty canvas”, and every single website once started like that.
Here is a short video where you can watch how easy it was:
If you want to know what is the platform I have created for this simple website, you can read more here.
What is a bit more difficult is to make this website visible to search engines (like Google or Bing, and Yahoo).
But let me assure you that this does not require a University SEO degree either.
One can learn a lot by taking proper training, and within 14 or 16 months he can have a full-time online business.
Internet marketing is still a new thing, so there is a big chance of succeeding even for a beginner.
I know there are many scams and deceptive courses. It took me more than a year until I found a training that works for me.
There are millions of websites, and some of them rank well (meaning they are in the top position of google). This is not a coincidence and there are methods and principles, that need to be followed.
Once done properly, even a 1-year old website can have thousands of visitors per day – and that means it can be monetized.
At the end of 2018, I had no clue what it takes to have organic traffic, but I took the training, started to create the content, and in about a year later I have more than 1,000 visitors per day.
I don’t recommend joining the QProfit System
The paid actor presents some software that can make you thousands a day and it is fully automated…The story is backed up by fake testimonials…
How does it sound to you?
We have seen that no single information on the website is truthful.
That is why, please stay away from the QProfit System.
If you are serious about trading and you think that this is the way you want to go, well good luck and I wish you a lot of power.
It is a difficult game.
I would not go on that path, but it is just me.
Down below I will leave a link to one specific platform that teaches something much more affordable. You don’t need a big budget and within 8-10 months you can have a consistent income online.
If you have any questions, let me know. I will be glad to give you feedback.