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Dubai Profit Now is simply another of the crypto robots that have been spawning daily through the Forex trading world and bringing with them only scamming. Often made in the most absurd manner – their websites are quite self-serving and are all made following the same outline. In most cases all they have to offer is a simple, narrated trailer-video which, ideally, should convince traders to invest with them. Dubai Profit Now tells us a hearty and cheesy tale about a supposed trading application started in Dubai that has brought thousands of dollars to all of its clients. The video itself is a collection of testimonials of ex-clients, all bragging about the wonders of this trading application. The descriptions of the product is quite general and does not offer anything specific. From what we could discern – it is some sort of auto-trading software which is pretty much the case with every other robot. In this case it is called “Dubai Profit Now” which automatically collects information from multiple sources in order to predict best what the changes in the market will be and make the best possible trading decisions, as well as have some sort of “connection” with Dubai. We also read, as well as hear that many supposed clients of the broker have made thousands of dollars trading. We are highly inclined to suspect the validity of such claims. Here is a screenshot of the webpage:
No name, no address, no number
After doing our usual research we come across disturbing, but not unexpected, results. We do not read anywhere an address or a name of the company behind the website. It turns out that Dubai Profit Now is part of probably the most popular scam out there. Precisely through such websites, dressed up with farcical opportunities for winnings, traders are convinced to register and carelessly give away their address, phone number and email. Minutes later that same personal data is sent to brokers as “leads” and the registered traders begin getting phone calls from unregulated forex brokers like FXWorld24 or Aspen Holding, urging them to invest. Cheap traffic is actually the product Bitcoin Profit Now are offering, not some trading application ahead of the market that may incur riches to any willing trader.However, we were unable to register and cannot know for certain whether the crypto robot is in fact connected with some Forex broker.
No verified track record
Even if we choose to believe Bitcoin Profit Now about it’s new product – which we certainly do not advise – there are still problems. To put it bluntly – we have no guarantee that the crypto robot will deliver on its promises. In trading there are social trading platforms such as the Zulutrade where you may search through the profiles of different traders and see how much they are winning or losing before investing funds with them. This is done through tracking every deal they have made and even seeing the results of all the rest of their followers. Such transparency adds significant assurance and partially, if not fully, removes risk. Where as with half-baked and senseless websites such as Bitcoin Profit Now you are relying on blind faith.
No regulatory supervision
Furthermore, there is absolutely no regulatory guarantee about the whole product. The people behind the website do not fall under any regulatory oversight and their hands are untied to do pretty much as they wish. They also lack SSL encryption which compromises any information transferred through the website. All in all – the only thing different about this specific crypto robot is that there is an attempt to link it in some way with the destination Dubai.
Last, but not least – the mere way in which such operations look for funds should raise major security concerns. If the crypto robot truly did offer an exciting and legitimate product, it would have found an alternative way of financing itself, instead of relying on cheap traffic through a cheesy bait-clicking commercial about itself. They could apply for a credit at the bank or raise money through crowd-funding. Although, in order to do that successfully, they have to be legitimate – which they most likely are not.
All in all, Bitcoin Profit Now comes across as a standard scam operation – the likes of which we have seen a lot – and we advise those interested not to risk it.