By: Jeremy Biberdorf
Dec 26, 2022

Profitly Review 2024

By: Jeremy Biberdorf
Dec 26, 2022

Disclosure

Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
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1/5

1.0 rating based on 5 ratings

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UPDATE: 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.

In a nutshell: Profitly is an online community of traders that aims to help members monitor trading performance, share trading tips via the trading chat, and learn from exclusive trading courses.

Created by Tim Sykes and co-founder Michael Mosseri in 2011, Profit.ly aims to help novice and experienced traders alike monitor the online brokerage accounts & trading activities of successful traders.

Keep reading to learn more about what this unique platform has to offer in this Profitly review!

FeesService Type Promotion
$29.95-$$74.95 per monthOnline trading communityNo
Pros & Cons
Pros
  • Easily track profits of fellow traders
  • Chatroom access
  • Offers trading courses
  • Private profiles offered
Cons
  • Premium plan offers limited benefits
  • Number of gurus has decreased

Compare to Other Investment Platforms:

Profitly Logo
4.0 rating based on 5 ratings
4.0/5
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Fees$29.95-$$74.95 per month

Bulls on Wall Street
4.5 rating based on 5 ratings
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Topstep
4.3 rating based on 5 ratings
4.3/5
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FeesFrom $165/month

Profit.ly is best for…

Traders of various experience levels who want to connect with online trading communities and track the trading activities of their favorite traders. This service isn’t a trading software, but it does sync with your brokerage software to monitor, verify, and trade your trades.

This creates public track records for each user (although there are private profiles as well). By sharing this information with the community, traders can cross reference the trade history of offers with their own fundamental or technical analysis to maximize returns.

Profit.ly prioritizes transparency with its earning tracker, so it has a verification process in place to ensure that every member is a legit trader. This ensures that all the data members have access to is based on real money trading performance, not faux returns designed to influence the decisions of other members.

Who Created Profit.ly?

Tim Sykes and Michael Mosseri joined forces to create Profit.ly in 2011. Timothy Sykes is a well-known penny stock trader, famous for—among other things—turning a measly $12,000 into an impressive sum of $2,000,000. This profitable trader was able to accomplish this simply by using penny stock trading.

Features

Profit.ly offers a wide array of services to its users, but the platform itself largely focuses on monitoring the trading accounts of fellow users.

Users are able to monitor their own trades, follow other traders (and trading gurus), verify profits, view trader stats, view the leaderboards, and filter through trades directly from Profitly.

The service also allows users to connect with their favorite traders via personal messaging, comments, the “follow” feature, and chatroom access.

Additional resources—such as access to exclusive chat rooms, SMS alerts, and informational videos—are available with an additional subscription from Profit.ly’s online trading gurus.

Pricing & Plans

Currently, Profit.ly has three different subscription levels. The benefits remain largely the same throughout every tier, which is why we would recommend the “Novice” plan for most users.

Novice

This plan costs $29.95 per month; you can also purchase an annual subscription for $297 (an 18% discount).

Despite being the lowest tier, the novice plan unlocks nearly every feature of the platform. You’ll have instant access to trade verification, trade & profit tracking, leaderboards, various social media functions, search filters, and the ability to view user stats.

The only feature this plan excludes is the option to set your profile to “private.”

Trader

This plan costs $49.95 per month; you can also purchase an annual subscription for $497 (17% off).

All the features of “Trader” are the same as “Novice,” with one exception: a “Trader” subscription removes your ability to view the stats of other traders. However, you do gain the ability to use a private profile.

Pro

This plan costs $74.95 per month; you can also purchase an annual subscription for $697 (a 22% discount).

A “Pro” subscription restores your ability to view trader stats while still allowing you to use a private profile. Every site feature—excluding Guru-exclusive offerings—is unlocked with a “Pro” subscription.

Guru Plans

Profit.ly used to have multiple “Gurus” on the website, with each one offering their own educational trading resources and membership plans. However, Timothy Sykes is currently the only Guru listed on Profit.ly.

He has a few different subscriptions available offering additional features such as exclusive Tim Alerts, swing trading alerts, educational videos, weekly video lessons, and other subscriber-only benefits.

  • Tim’s Alerts ($74.95/month)
  • Pennystocking Silver ($149.95/month)
  • Trading Challenge ($197/month)

Is Profit.ly Right for You?

Profit.ly is a useful platform for traders who want to gain insights, refine their trading strategy, and perform trade analysis based on the activity of others. It places a lot of information conveniently at the user’s fingertips, but this knowledge isn’t without risk.

Less experienced traders who attempt to merely imitate the activity of other traders are less likely to profit. This is especially true for those seeking to invest in penny stocks.

As such, we recommend this platform for intermediate to advanced investors who can build their own strategies using the platform as a starting point, rather than relying entirely on Profit.ly for guidance.

However, beginners can still gain a lot of knowledge from Profit.ly; they just need to resist the temptation to make 1-for-1 trades, expecting the same results.

Join this unique online trading community, connect with fellow traders, and start analyzing trades today by clicking here!