Magnetic Profit System Scam is a new software offering innovative ways of controlling your binary options investments. But does Magnetic Profit System Scam really give you the best trading possibilities or it is just another binary scam?
There was not enough information to make an informed decision about this system in order to rate them as a scam or a legit one.
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Magnet Profit System – Magnet Scam Software?
Binary options are type of trading that provides a fixed deadline for the expiration of each placed trade with a fixed payout. It is a CALL or PUT bet. It is placed on whether a pre-determined price of an underlying asset will be at, above or below the target barrier, by a preliminary set period of time.
Due to the fact this trading options has proven to be very profitable and successful, many people try it in order to improve their financial situation and lifestyle. Still, this is not so easy to happen, due to the fact that the enormous part of the running binary options trading systems consists of scams which people should avoid at any cost. The main goal of the following article is to to expose and reveal all the scam factors related to one such auto-trading platform – the Magnet Profit System, owned by David Silversmith.
MagnetProfit System By David Silversmith – A Scam Exposed
The founder of the company behind this binary options trading software, Mr. Silversmith is also the person who lead the presentation of the robot during the promo video, at the top of its landing page. He claims to be a former scam exposer who had a binary options trading blog. After one of his greatest expositions he became very popular in the field and started to generate enormous organic traffic at his blog. As a result, he claims that many people asked him how to become wealth and financially free by contacting him on his page.
So, he started to write reviews for every new online trading binary options system and sent newsletters to his subscribers.
One year later he already was an expert in the field so he decided to build his own trading software and sign-up all his followers who were looking for a guaranteed ways to increase their income. However, this is really disturbing statement because there is no way for anyone to become an expert in binary options trading for less than an year and to be able to design a profitable trading system. In addition, David doesn’t explain how exactly he contributed to the creation of this scam, he only says that he had hired programmers to develop the robot.
As a result, we consider Magnet Profit System is scam, and people should not get involved with it if they don’t want to lose all their savings.
How Does Magnet Profit System Work?
This fraudulent auto-trading binary options platform is said to be based on a very sophisticated but not mentioned tool that cleverly reads the markets. It is supposed to throw out a magnet, a false buy order and collect all the metadata from the market, data that means nothing to the human eye. This explanation is too general and doesn’t reveal any relevant and important information about the software, though.
In addition, the robot is said to predict what is going to happen in the market in the next few minutes with amazing accuracy. The magnet goes out over and over again, thus giving the clearest picture of the market. Our conclusion, based on this information is that it makes no sense, because no actually important details are explained. Only fabricated story of a non-existing sophisticated binary trading algorithm.
Therefore, we suggest that people find a really reliable and trustworthy income-generating platform. They must be alerted that this auto-trading software doesn’t work properlu
Our investigation team conducted a comprehensive investigation on Magnetic Profit System Scam to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if Magnetic Profit System Scam is generating high profits. We found many reasons that made us suspicious about this robot being a scam.
In order to protect traders from bad trading experience and financial loses we recommend you to
I am David Raines, a Binary Options trader with years of experience in online trading. I write reviews of Binary Options Brokers, Auto Trading Software and Signals Providers.