By: Jeremy Biberdorf
March 8, 2023UPDATE: We no longer recommend Timothy Sykes and his company Profit.ly
On the surface Timothy Sykes and his company Profit.ly seem fairly legit. Search for his name or his company’s name and it’s pretty much all positive reviews. Maybe he did make a lot of money day trading and maybe he does deliver solid training, but there are red flags.
The problem is that the majority of the reviews are affiliates who earn a commission to promote them. One site does have a lot of “customer” reviews but that site is notorious for companies being able to flood it with fake reviews. Sure enough most of the Timothy Sykes reviews are people who have never left any other reviews with their accounts. The wording of those reviews is very suspect. There’s even reviews from people who even say they haven’t even started using the service. Why are people like that even leaving a review? The only explanation I can think of is that it’s from a cheap paid review service. I say cheap as they’re not even making their reviews look like they’re from a legit customer. As I can’t technically prove my suspicions this is just my personal opinion but I have a lot of experience looking into customer reviews like that. Use your own judgement.
If his service is so good, why does it look like he is flooding a customer review with fake reviews? Taking that approach gives the impression that he is trying to hide something.
I did manage to find a couple very negative posts about Timothy Sykes but they are very tough to find. I have done work with a reputation management company. So I know it’s relatively easy to get a lawyer to remove certain search results. Or there are other reputation management techniques to bury any negative content.
Here are some of the negative posts:
https://www.pissedconsumer.com/profit-ly/RT-F.html
https://play.google.com/store/apps/details?id=com.tlcmedia.profitly.android&hl=en_CA&gl=US
https://apps.apple.com/us/app/profitly/id888057484
https://dirtyscam.com/report/timothy-sykes/
During the time I was promoting Timothy Sykes on my website we somehow didn’t see a single sale. I don’t know if his website’s conversion rates are extremely low or if there is dishonest reporting. With the amount and quality of the traffic I was sending, I have a very tough time believing the reporting was accurate. To me it aligns with a company that seems to be buying fake reviews. This is what led me to really dig into this company’s reviews with a critical eye.
For anyone looking for legit stock trading advice, I recommend you check out these reputable companies:
- Mindful Trader – Eric Ferguson is as honest and transparent as they come. He’s the rare person providing an investing service who truly puts people first. I’ve talked to still him numerous times and I’d recommend him and his service any day. As it’s a fairly new service the price is still very reasonable.
- Motley Fool Stock Advisor – While they won’t recommend enough stocks for an active trader you can be sure the stocks they do recommend are solid choices. They have a long history or delivering successful picks. Traders may also benefit from short term trading of their picks due to Motley Fool’s large following.
- Earn2Trade – Many investors might not know about the rapidly growing prop trading industry. There are now many companies who will help improve your trading skills and then let you trade with their own capital. You get the bulk of the profits but you do have to follow pretty strict rules which are in place to limit their risk. Earn2Trade has the reputation as providing the best trader training while still offering a very generous profit split.
We will leave the old review intact below but proceed with caution. Do thorough research if you still want to take the risk with this suspicious company.
With the abundance of trading education services available online, it can be challenging to determine which ones are legitimate and worth investing your time and money into. Profitly, founded by well-known penny stock trader Timothy Sykes, claims to be a unique platform that fosters a transparent relationship between trading gurus and students by verifying trades in real-time.
But, is this trading education service the real deal? In this article, we will delve into Profitly’s features, trading gurus’ profiles, subscription plans, and users’ experiences to answer the question, “Is Profitly legit?”
Company Background
Profitly was founded in 2011 by Timothy Sykes, a well-known penny stock trader who made millions of dollars trading penny stocks. He became famous after turning an initial investment of $12,415 into $7,310,865 during his time in college.
Sykes is currently listed as a trading Guru on Profit.ly, which he created to provide traders with a transparent way to verify trading performance and learn from other successful traders by following their trading activity.
Before becoming a successful profitable trader, Sykes had an injury that put his then-successful tennis career on the back burner. It was at this point that he made the decision to get serious about trading. After receiving $12,415 in Bar Mitzvah money, he convinced his parents to let him invest his money and start trading stocks.
His initial investments began in 1999, just before he headed off to college to study for a Bachelor of Arts in Philosophy with a minor in business at Tulane University. Despite routinely skipping classes in pursuit of his day trading endeavors, Sykes graduated in 2003, thanks to his efforts in high-risk penny stock trading that paid off. By the time he graduated, Tim was already a self-made millionaire with a grand total of $1.65 million, turning his initial investment into a fortune in just three years.
Despite his success in trading, Sykes didn’t stop there. He’s also a well-known author and educator in the online trading community, as well as a prominent media personality. Timothy Sykes is a respected figure in the trading industry, known for his achievements and his willingness to share his knowledge with others.
Learn More About Profitly
Valuable Features and Cost
Profitly offers a range of services to assist traders in effectively managing their trades. These services are designed to help traders monitor their investments, assess market trends, and make informed decisions based on real-time data. In addition to these features, Profitly also enables users to follow other traders and gurus, gain insights into profitable trading strategies, and access a variety of tools and resources to enhance their trading experience. Whether you’re a seasoned trader or just getting started, Profitly provides the tools you need to succeed in today’s fast-paced trading environment.
To enhance your trading experience and stay up-to-date with the latest insights, Profitly offers a diverse array of tools and features to help you navigate the world of trading with ease. With Profitly, you can connect with other traders, learn from their expertise, and gain valuable insights into the market. You can also access an exclusive community of like-minded individuals through the trading chat rooms and receive real-time SMS alerts to stay on top of the latest developments.
One of the most valuable features of Profitly is its Guru Services, which offers traders access to real-time alerts from trading gurus like Tim Sykes. For $149.95 a month, subscribers can access daily chatroom access, daily 5-10 stock watchlists, SMS, email, and push alerts, Profitly trade alerts, an iPhone and Android app, a 7,000+ video lesson library, and weekly video lessons. Alternatively, traders can test the waters with Tim’s alerts, which are available as a standalone package for $74.95 a month.
Profitly has three membership tiers: Novice, Trader, and Pro. The Novice package costs $29.95 per month and allows traders to participate in the Profitly online community in a limited capacity. They can view other users’ stats, verify their trades, track profits, comment on the boards, and qualify for leaderboards. However, they can’t have a private profile, so everything they do is publicly available.
The Trader package costs $49.95 per month and allows traders to access all the features of the Novice tier, except the ability to view other traders’ stats. Instead, they can create a private profile, which is ideal for traders who work in finance or high-level executives concerned about regulatory guidelines.
Beginner traders can also use this feature to hide their public track records. The Pro package costs $74.95 per month and offers full access to the platform, including access to trading rooms, with all the benefits of the Novice and Trader tiers combined. Also, you’ll earn a 22% discount with an annual subscription.
Final Thoughts – Is Profitly Legit?
Profitly is a legitimate trading education platform founded by Timothy Sykes, a well-known and respected penny stock trader. The platform offers an array of valuable features that allow traders to monitor their own trades, follow other successful traders, and verify profits in real-time. The Guru Services, which provide access to real-time alerts from trading gurus, is one of the most valuable features offered by Profitly. However, it comes at a cost, with subscription plans ranging from $29.95 to $149.95 per month.
While Profitly has received positive reviews from many users, it is important to note that the success of any trading education service depends on the effort and dedication of the individual trader. Profitly is not a get-rich-quick scheme, but rather a platform that provides valuable resources and a community of traders to learn from. To unlock your full trading potential, you’ll need to leverage these tools.
Based on our analysis we feel confident in saying Profitly is worth it, especially for those interested in penny stocks. Timothy Sykes’ success and reputation in the trading industry add credibility to the platform, and the array of features offered make it a comprehensive resource for traders at all levels. Click here to get started today.
