Tim Sykes Covestor

profitly-review

The stock exchange world can be an intimidating one to cross. The idea of earning in this manner can get confusing. It can lead to questions popping up such as ‘How do I start?’ or ‘Which investment should I choose?’ You can look at advice online, but can these sources be factual or trustworthy?

Have no fear, for this Profit.ly could be the thing you are looking for.

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For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.

What is Profit.ly? Tim Sykes Covestor

Profit.ly is a platform dedicated to connecting with financial gurus who are able to teach you the ins and outs of the stock exchange world. It offers sessions with them designed to make sure you make the most out of your investments and decisions and make them benefit you in the long run.

They are able to teach you their strategies and share their experiences that they have accumulated over the years to equip you with what you need to know and encounter. You will also be able to interact and connect with other participants.

It also offers a leaderboard mechanic where you get to see who has makes the highest rated trade during that period. You can also participate.

The platform was founded by Tim Sykes and Michael Mosseri.

Tim’s vision was to help novice and new investors gain more insight, and avoid the same mistakes he made in his early years of investing. Michael is the co-founder responsible for building the program.

This program will provide you with information about the legitimacy of the gurus you’ll see. Profit.ly ensures transparency by verifying trades to see whether these are honest or not, so you can guarantee you are getting your money’s worth when hopping into the program.

Subscription/Plans

Profiy.ly requires a monthly subscription. You are required to pay monthly in order to continue using the program. There are three subscription options available: Pro, Trader, and Nuve.

Novice

This is the lowest level membership plan. This membership plan allows you to join the online community and gain access to a lot of features.

You can check the stats and trades of other users as well as interact with them like commenting. Participation in the leaderboard challenges is also possible.

This plan has some limitations. One limitation is your ability to participate in the online community. Another notable limitation is that you are unable to make your profile private, making your activity visible to the online community. Tim Sykes Covestor

Cost per month: $20.95

Trader

The next plan includes all of the benefits that were offered in the previous plan.

Only one exception is the inability to see other traders’ stats. This is however a tradeoff. You can now create a private account.

If you are someone who values online privacy or do not wish for others to see your trade stats, then this option can very well be beneficial for you.

Cost per month: $49.95Tim Sykes Covestor

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Pro

This plan is the most expensive and last of the three. However, it offers all the benefits and features.

You can now view the stats and create a private profile.

Cost per month; $74.95

Get a Free Account

You might now be wondering if there is a free plan. Well you are in luck for there is an option to just use the account for free.

Once you signed up, you will be given the features present in the program including:

  • Importing Trade
  • View account statistics
  • Check out your ranking
  • Access to community posts

As you can see, the features of a free account are limiting. To fully use the program, it is recommended that you upgrade at least to a novice plan.

This is a viable option even with the limitations, especially for those who are just getting started with stock exchanges.

Novice Trader Pro
Verify trades x x x
Profits from tracks x x x
Comment on trades x x x
Join the leaderboards x x x
Follow and lead traders x x x
Message other traders x x x
Sort and filter traders x x x
Analyze your personal trades x x x
View others’ stats x x
Private profile x x

Subscribing to Gurus

Once you have subscribed, you are now able to make an account and connect with aforementioned gurus. You will need to pay a fee to access the chat rooms of gurus. Not to worry, as these gurus are credible based on Profit.ly’s trade verification so you are able to see whether their trades further prove their legitimacy.

There are many gurus that you can subscribe to, but three that are worth noting are Tim Sykes, Paul Scolardi and Matthew.

Tim Sykes

The first that you will encounter is the founder himself, Tim Sykes. Once you see his figures, you’ll be astonished to find out that they set comfortably around +$4.7million.

The first tier in his package plan is “Tim Alerts.” By paying $74.95, you will be given access to chatrooms and 5 to 10 stock watchlist that happen daily.

trading-stocks

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The premium option of his package plan is Pennystock silver, which runs about $149.95. You’ll be able enjoy TIm’s Alerts as well as video lessons from him.

His own reputation is more than enough to prove his legitimacy. His students began taking his lessons and have since made $16 million.

Superman

According to statistics, Paul Scolardi’s trades generate around +3.7 million in profits. Scolardi’s selling point is his ability to spot the potential in a stock and make a decision about which stock to buy. He is quick to spot a stock’s potential and makes it his business.

His first package is the Superman alerts. You will have access to chat rooms, stock watchlist, and premarket stocks by paying $149.95 per monthly

Superman Pro, just like Tim Sykes’ Pennystock package, offers all the benefits but also includes

  • Videos
  • Premium search reports
  • Earnings tracker
  • IPO tracker

Triforce

Michael, or Triforce, is the last guru I will mention. Triforce, like the others, has a strong record that can help boost his reputation.

The first package, Triforce Trader, costs $99.95 per month. You get the following:

  • Triforce chatrooms
  • Daily market commentary
  • Stock trades
  • Future trades
  • Macro plays

Triforce Premium includes the benefit of both investor indicators and active traders indicators. This package costs $197 per month.

Overall Thoughts

Profit.ly should not be viewed as a quick way to get rich. This website teaches you about stock exchange and teaches you useful techniques that you can use to benefit from your trades.

If there is one point of criticism in this website, it is most definitely the price tag. It can be daunting to pay a high monthly fee for any package. Not to mention that when it comes to the stock exchange, there is also the factor of chance. Whether or not your progress is deemed successful is not guaranteed. Tim Sykes Covestor

Trading may not be for everyone. Those who choose who participate in it are/should be aware of how difficult it can be.

To those who choose to partake in it, the website can assure you that you are getting your money’s worth. Its reputation is based on the positive track record of its gurus and the transparency system.

Profit.ly is a great tool to help you get started in stock trading. It will give you confidence to buy stock and offer a high return. Learn from the best and create those figures today.

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Most Frequently Asked Questions 

Tim Sykes Covestor

Is this legit?

Despite all the above, there are still doubts. Profiy.ly can however assure you that the service is legitimate and reliable.

The idea of putting a transparency system ensures that legit traders and gurus are present. You will be able to assess their reputation since you can see their stats, which helps in your decision of which guru can you learn from the most.

Who is this for?

Stock trading can be described as a niche community that is not well-known to the general population. The activity can be a bit of a niche. If you are someone who has an appreciation for this niche and wish to either make a name for yourself or just enjoy doing it, then this is definitely for you.

Which plan is good for me?

The three options available will vary depending on your goals and what you are looking to achieve.

Premium is the best option if you want to get the most out the website and maximize your stock trading experience. You may be frustrated that novices cannot create a profile. As for the trader, you won’t be able to view the stats of others.

If you feel the need to have both, then premium offers all the benefits present.

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