Magnetic Profit is a SCAM Review!
Please read our review on Magnetic Profit before investing money into this binary options auto trading system!
Magnetic Profit was recently launched in February 2016 and we are exposing some scam-like aspects in their website as well as offer. The first impression for Magnetic Profit System is that it is a scam simply because of what creator claims and methods used to support this scam-like claims. Claims such as being able to make $1,333 hourly, $3,162 daily and $24,000 weekly consistently should be an obvious lie. What’s more is that the narrator mentioned that it is possible with just $250 initial deposit. Experienced trader will tell you that there is no such thing as guaranteed profit in the world of trading be in binary options or any other form of trading. We will further explain other information that was being shared by Magnetic Profit System that is highly suspicious and scam-like.
Magnetic Profit Scam Auto Binary Options Signal Provider Offer
We were greeted by David Silversmith, the alleged owner of Magnetic Profit and he claimed any viewers that came across the video presentation to as “exclusively chosen”. He goes on mentioning that the viewer is the elite few that was selected to view this exclusive offer and it will only be shown to 138 people in total. He then continues to say that the website will be removed permanently after that. Well, it is very obvious that David would like viewers to sign-up immediately upon watching the video. Besides that, many other binary options scam websites employ similar tactics to make their content to be a once in a lifetime opportunity. We advise viewers that there is no need to take that seriously because if it is truly “exclusive”, won’t it be logical to include a password or special access given prior to viewing the video? Anyone that has the URL can access the video presentation at any time. Just as long as the website is still operational and not being shut down due to too many scam reports!
The next scam-like aspect is that Magnetic Profit is claimed to be able to make you a millionaire, GUARANTEED. With the capability to generate $1,333 hourly, $3,162 daily and $24,000 weekly. He also proceed with showing a short “demonstration” where he opened an account with $250 initial deposit and it generated $1,333 an hour later. Well, we are not saying that it is not possible, but it is highly unlikely to generate 5 times your initial investment in one hour. It will also require the trader to invest in a very high amount to be able to grow from $250 to $1,333 in an hour. Which is very risky and it is not realistic to expect that amount of profit consistently. Should we are planning to achieve that amount in an hour, we probably only can execute trades in expiry of 15 minutes, 10 minutes , 5 minutes and lower. And we can’t afford any lose trades which makes multiplying your initial funds 5 times larger impossible. We certainly hope that viewers do not believe or hope that Magnetic Profit will definitely make that amount of money consistently. It will NOT be able to generate that amount consistently because of the nature of online trading or any other form of trading. The only results that can happen is disappointment due to the fact that the claim is totally unrealistic.
Magnetic Profit’s David Silversmith Fake Background and Fake Testimonials
David Silversmith is an obvious fabricated character to represent this scam binary options auto trading system. We are able to identify David Silversmith as a Fiverr actor that offers his services as a spokesperson. Hence, the identity that he claimed to be, an internet blogger that fights against scams, being the owner of Magnetic Profit, and also a millionaire can be assumed as fake as well. Why would you offer your services as spokesperson for $5 if you are already a millionaire right?
Should we attempt to search David Silversmith in Google, we are unable to find any blogs related to him apart from Magnetic Profit related. He is definitely not a true blogger that is benefiting the binary options community but rather a spokesperson that promotes a scam binary options auto trading system.
We have also identified many familiar faces from Fiverr giving video testimonial in Magnetic Profit’s presentation video. Some of the actors have been involved in quite a few binary options scams auto traders to date. Well, this just makes it easier for us to identify and decide which auto trader is a scam!
Magnetic Profit’s Conclusion
We conclude that Magnetic Profit is a scam binary options auto trading system! Do not invest in systems that uses Fiverr actor as a spokesperson and claims that he is the owner of the system! The claims and guarantees of earning $1,333 hourly is simply unrealistic. Please feel free to refer to our list of scams binary options auto trading system and avoid signing up with them! We also have a list of binary options signals that has reliable auto trading system that works too! Feel free to contact us at firstname.lastname@example.org for any queries! Good luck and trade safe!
Verdict: Magnetic Profit is a SCAM!
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