Profit Magnet claims to give a very high and quick returns to traders. But, is this Forex robot legitimate or Profit Magnet is a Scam?

Skip the Content & Read the Final Conclusion

Our investigation team was not able to find any significant or useful information to prove if the indicator Profit Magnet actually achieves such high win rates. What we can be sure about is that the Profit Magnet is not so well-know according to the graph of Google Trends.

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Profit Magnet Auto Trading Software

One of the primary reason we think Profit Magnet might be a scam is that they do not have a legitimate proof of the profits that they claim to be generated by this system in only one day.

Our team has managed to check out on some of the information about Profit Magnet but it seems not a legit system. All they have is an image of a list having names and account amounts of the users who actually gained something. But that doesn’t prove anything as an investor have to be cautious in whatever he is going to invest in. Many Forex bots offer profits but many of them prove to be a scam and results in loss for the traders.

Profit Magnet Review

It hasn’t been long since the Profit Magnet has been out on the market and it claims to make you rich by making you 1000 dollars per day. This heap of profit can never be expected by a Forex trading bot especially when it is given for free. You will be welcomed by a long tutorial video that basically shows you, how to register. Then they promptly jump to the profit amounts and claim to make you a millionaire in 5 minutes.

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Profit Magnet Scam

Profit Magnet Forex bot seems as they do not have real contacts on their site. There is a tab for the contact but it seems to be a pseudo link as nothing happens if you click on it. Moreover our team hasn’t found a legitimate proof of their honesty. So we highly recommend the users to be careful and invest wisely. Don’t let these Forex bots fool you as they make rich promises just to lure traders.

Profit Magnet System

The Profit Magnet System is a signal generating software which can scan the current market conditions and predict the price movements. The program was supposedly created to give traders the benefit of knowing when to execute Forex trades by predicting what the market will do with any particular asset. Without internet connection you are not able to access this system and you cannot get the best results.

But we could not find any proof that the winning rate is even near the one that the developers claim – above 95%. We cannot confirm that you will be successful trading Forex if you choose this automated robot.

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Profit Magnet Test Results

Our team tested the Profit Magnet System according to the main metrics for safety and secure trading. This software has failed them so we advise traders to look for another more reliable and trusted Forex software in order to make profitable trades and to minimize the risk of financial loses. There is nothing on their webpage that indicates the software is legitimate investment opportunity and there are no real trading results that can be trusted so traders should be cautious.

Profit Magnet Complaints

Traders cannot find any important and significant information regarding the software and there are testimonials all over the Internet. In order to use the Profit Magnet software traders have to put real money in their trading account before placing a real trade. This is another misleading information – traders are told that the system is free. The Terms and Conditions of the Profit Magnet software are not clear and this may cause withdrawal problems.

Conclusion:

t10demo_high_risk_stampOur investigation team conducted a comprehensive investigation on Profit Magnet to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if Profit Magnet 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

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David

David

Hello!
I am David Raines, a Forex trader with years of experience in online trading. I write reviews of Forex Brokers, Auto Trading Software and Signals Providers.
David

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