This is the service you have probably already heard of earlier. Or, at the very least, you have heard of the founder, Tim Sykes. Timothy Sykes has made the headlines while he was still in college as he made his first million by day trading.

So, it is rather understandable if you are curious to get more information of the platform Sykes created. Well, let us take a closer look at it.

What is Profit.ly?

Profit.ly is a company that is presenting itself as the best partner to choose if you want to optimize your trading. Profit.ly promises that it will help you improve your skills and teach you to be better in analyzing the market. While Timothy Sykes believes that everything should be transparent, the platform still allows you to remain anonymous. Even a private profile can use every tool and service the platform has to offer.

And with the advice from Tim Sykes, it definitely seems like a great service. After all, he became famous by turning a bit over 12 thousand dollars into over 1.65 million in college.

After years of developing his platform Sykes has over 3,000 students from all over the world. These students can use the platform to access his blog and a support section. The support section is incredible, they will answer any question you post. However, it might take a while.

Unfortunately, the navigation is not really impressive. The platform lacks overview and you are not sure what Profit.ly actually offers if you do not click on “get started”.

Services

The first service you might want to use will come in handy before you even become a subscriber. That would be the “Learn for Free” area. You can use it to explore the trading communities and even watch real-time day trading going on. This is a valuable teaching tool available entirely for free. In fact, you can join the community for free. Signing up for a free account will let you contact other traders, track the profits or losses and check trades. Other services are, of course, chargeable. There are two services that appear to be quite unique on the market. Let’s take a look.

Analyze your Trades with Profit.ly

Using this service will let you analyze your trades in multiple ways. But that is not all.You will be able to sort and filter, analyze, comment on, and verify trades. You will also have the possibility to access the leaderboards, exchange messages with others, view their statistics, track profits, follow traders, and even lead others. Of course, it all depends on which plan you purchase. For this service, there are three different versions that differ in level and price. The novice ($29.95), trader ($49.95) and pro ($74.95) options. Of course, you can save quite a bit of money if you choose to pay annually.

Learning

You have two options when it comes to learning. The “watch and learn” service offers various books to learn from and video material you can use too. As you can imagine, anything that helps you learn more about trading is a valuable tool. However, do not be surprised once you see the prices of these lessons as they are kind of steep. The other option you can choose is the “find your Guru”. With this, you can learn from the best of the traders Profit.ly has. There are four options you can choose from. Tim Sykes himself would be teaching you about penny stocks trading. Of course, if you browse through the website you will see different packages for each of these gurus. The costs range from around $75 to $250.

Pros

*Free learning option

*Free account creation

*Tim Sykes is a famously successful trader

*The platform can be used from mobile devices

Cons

*No refunds. If you are not happy with the service, you can cancel the subscription, but your funds will not be returned.

*Poorly designed navigation

The Verdict

If you want a chance to learn from someone who made their first million from school this is the place to go. Having a penny stock trading expert teach you can be extremely valuable. Especially if you cannot invest a lot of money. Access to the free sections of the website is also a huge plus. On the other hand, the “no refunds” policy is definitely a big issue. So, give it a look and decide for yourself if it is worth it. It definitely looks promising.