Have you heard about latest binary system called Magnetic Profit System? Video presentation we have seen promises extremely high profits which will change trader’s life. Video first claims you don’t need to pay for the system, but after all, you need to deposit at least $250 to activate this amazing software. But is it all that positive and transparent, check in our scam review.
Fair Binary Options portal reviews brokers and binary systems so traders can see the truth about their authenticity. This review was written based on the information provided on Magnetic Profit System website. FBO team never used this service for the purposes of making profit.
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What is Magnetic Profit System?
Being presented by its creator, David Silversmith, Magnetic Profit is binary system that trades with highly successful results. Magnetic profit is binary software that has been created for chosen 138 people who create “the elite crowd”. Apparently, those who have managed to visit Magnetic Profit System site have been lucky, because after all 138 people have watched the video – the site will permanently be removed and not available for anyone else. What to say, we have been so lucky to get in this list and see the video, we are honestly honored.
Mr. David speaks about his wealth and how he created this system to provide free software for traders around the world. Magnetic Profit trades automatically and according to his story, it throws a magnet which collects meta-data with very high accuracy. We can’t claim if this is true, but our experience is telling us that high winning rates promises are usually false claims.
There is so little information about how this system works.
Who is David Silversmith?
This man represents himself as binary guru. Apparently he was some kind of binary investigating reporter, but we are more convinced he is just an actor that has learned the scenario for Magnetic Profit System. According to his story, David started to review other trading systems on his website. Later he become binary specialist and he worked as an affiliate with top brokerage companies. Later on, he developed MagneticProfit System and started making huge amounts of money. He claims that his system is totally free and he guarantees traders will make profits with his system. In video we have watched, he said that if you don’t make money, he will sent you $50.000 from his own pocket. We don’t trust stories like this, especially when someone promises you will make profit.
Magnetic Profit Trading Software
There is not much to see when we speak about trading platform, because you first have to deposit money, and then you can approach to your trading account on MagneticProfit. We have registered with MagneticProfit, and automatically got account with a broker called FM Trader.com. FM Trader.com is marked as suspicious broker on Fair Binary Options, so this is one more argument why it all look like scam.
Magnetic Profit System False Claims
We have many experience with various auto trading programs, and we have learned one thing – if they guarantee you success – they mostly lie. David Silversmith guarantees you will profit up to 11 million dollars in a year. First he claims you don’t need to pay for his software, but later, when you are in registration process, traders are obligated to invest minimally $250 to start trading.
Video presentation shows satisfied traders who became millions with Magnetic Profit System. We have seen a lot of similar videos with same actors claiming they are rich because of Magnetic Profit.
We also need to point out that MagneticProfit doesn’t provide terms and conditions during registration process, which is considered as incomplete registration process. Always check terms and conditions, since you are confirming to follow the rules of that company.
Traders are fans of automated trading binary robots. It is much easier and doesn’t require any knowledge. Binary options are very attractive and offer high profits if you are trading with reliable software. We have determined that MagneticProfit is not trustworthy system because it provides false information to its clients. This system is connected with vague brokers that are being marked as blacklisted and suspicious. Every trader should be aware that binary trading cannot guarantee any profits and there isn’t any automated software that will magically bring you $1,333 per hour. We have heard a lot of negative stories about MagneticProfit has scammed traders and took their money away.
If you are beginner in binary options, always trade with tested and verified brokers and robots. Our recommendation is to register with Binary Options Robot. This software provides only trustworthy brokers, such as Banc de Binary, that provides safe trading environment. Binary Options Robot is free software that is recognized as safe in binary industry.