Beware! Green Tree Profits is most probably a scam system! Your investment may be at risk.
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
There is a new scam plaguing the forex trading world – they are called crypto-robots. Usually with such robots we will see only a website with a trailer video describing a hot offer on the crypto market. And Green Tree Profits does little effort not to conform to the standards of it’s “colleagues” in the business. Perhaps only the name is a bit different. From the standard video on its website we learn that Green Tree Profits has developed a new software that follows hundreds of media outlets and picks out the patterns within them which help them decide the best possible time for trading. The video tells us to step up and be the “predator you are born to be” and that “your new life awaits.” We are not so sure what exactly awaits us, because we couldn’t register with the robot, but, nevertheless, we still looked into it more carefully to find out precisely what Green Tree Profits is and how that corresponds to what the robot claims to be.
No company, no address, no country of origin
Putting aside the unusual name, our thorough research did not bring any surprising or unusual results. As is the case with most, if not all, crypto robots – we could not find any information about the company behind the robot, nor even an address or a country of origin. This is nothing out of the ordinary when dealing with crypto robots. Furthermore, even though the crypto robot had for some reason put up the logos of major media outlets like CNN on its website, we could not find any mention of the robot within the content of the media giants. All this highly inclines us to believe that Green Tree Profits is only used as a bait for traders who’ll share their personal info hoping for a quick buck.
This is perhaps the most popular scam in the trading world. Precisely such websites, promising unrealistic winnings through crypto trading, mislead traders into registering and carelessly giving away their address, phone number and email. Minutes later, that same personal data is sent to brokers and the registered traders begin getting phone calls from unregulated forex brokers like OMC Markets or FGS Markets urging them to invest.
No verified track record
One of the biggest problems with crypto robots such as Green Tree profits is the fact that we have no way of arriving at any assurance about the purported results. In forex there are social trading platforms such as eToro or Zulutrade allows you to search through the profiles of different traders, taking notice of his track-record in trading, whether losses or winnings are the majority. All this transparency further helps trust to be created between the client and provider. Something which is seriously missing with Green Tree profits and traders are left relying only on the word of a crypto robot, and that hardly is enough.
No regulatory supervision
It is worth also pointing out that the people – whoever they may be – behind the website do not answer to any government authority. They do not hold a licence from a regulatory body and are pretty much free to do as they like with their potential clients.
Last, but not least – mere way in which such operations seek funding should immediately raise red flags. If Green Tree profits truly had something of value to offer – which we unequivocally doubt – they wouldn’t be relying on cheap traffic through a badly-done website, but would seek alternative means of financing itself. A popular option among today’s crypto companies is raising money through crowd-funding. However, those options only work for you if you have something to offer in return – and Green Tree profits does not seem to have.
Having in mind everything that was laid out – we must say that Green Tree profits strikes us as a standard scam operation and we advise those interested not to risk it.