Takeprofits.net is advertising an automated signals service where they claim to have made $400 million profit in 2017.
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The service believes that traders can make thousands of dollars using TakeProfits.net intraday signals and 2 trading strategies.
TakeProfits.net was originally CopyTrader.net. They didn’t explain why they had to change domain names.
They also claim that TakeProfits.net’s CEO is someone called Marc Becker.
The company in question is known as “CopyTrader Financial Services Ltd“.
No such company has ever been registered. In addition to this, we found out that Marc Becker is just a pseudo and the character is using a stock photo in his profile.
Nonetheless, the service continues to promise thousands of dollars a day, helping you trade Forex for a small investment of $1.
Takeprofits.net is offering a 3 day trial for $4.95. From there, the service charges $99 monthly.
They claim to trade major Forex pairs and the strategy mainly involves technical analysis and news trading.
The rest of the website is made up of vague sales language.
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Is Takeprofits.net (CopyTrader.net) legit?
This vendor is anonymous and they’re using the popular get-rich-quick approach to try selling the service.
Take Profits is basically saying their investment recommendation service involves copy pasting automated trading signals from their members’ area.
Based on their style of marketing and unrealistic income promises, we can conclude that this is a scam.
Should you subscribe for the TakeProfits.net signals?
The service relies on fabricated testimonials to encourage new subscriptions.
There are many other red flags that should be taken into account as well.
For example, you cannot make thousands of dollars with this service. It’s a lie.
The anonymous owner does not have a track record of successful trading.
In addition to this, they don’t have a myfxbook account where we can verify their income claims.
Takeprofits.net (copytrader.net) is basically a scam signal service.
If you subscribe for the monthly plan, you will definitely lose your money.
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They are not serious with trading which is why they say traders can start with $1 and use leverage of 400:1.
This is the wrong advice. Stick to our recommended trading software and signals if you want to be a successful trader.