Oil Profit
This is NOT a regulated broker. Do not deposit any money with this platform.
Official Warning
Oil Profit is not regulated by any recognized financial authority. Multiple consumers have reported losing money to this platform. If you have been contacted by this platform, do not send any money.
What is Oil Profit?
Oil Profit claims to profit from oil price movements using AI, but actually operates as a typical deposit harvesting scam through unregulated brokers.
Red Flags
Claims AI predicts oil prices with near-perfect accuracy
Fake endorsement by Shark Tank / Dragons' Den stars
No physical office or verifiable team
Website created recently with anonymous registration
Requires immediate deposit to 'secure your spot'
No risk disclaimers or regulatory information
How the Scam Works
Users register and are immediately called by a 'senior account manager' who uses high-pressure tactics to secure a $250 deposit. The money goes to an unregulated broker. The trading interface is entirely fake, and withdrawal requests are met with demands for additional payments for 'taxes' or 'processing fees.'
What to Do If You've Been Scammed
Stop all communication with the platform immediately. Do not send any more money. Document all transactions, emails, and screenshots. Report to your local financial regulator and police. Contact your bank to attempt a chargeback on credit card payments. Be wary of 'recovery' services that may be secondary scams.