Today’s review is about something called Magnetic Profit. What is Magnetic Profit? Just another Scam or could this really be true? I start to get really tired of this kind of scams. In this review, I will explain why it is a scam so we can shut up everyone and anyone trying to promote it! Ok, let´s go!
Product: Magnetic Profit
Owner: David Silversmith
Who is it for: People who want´s to get rich by doing nothing.
What is Magnetic Profit About?
The Magnetic Profit software claims to be able to win every trade for you on auto-pilot. It is a “sophisticated trading tool” that predicts the market and it guarantees to make you a millionaire, for FREE! But of course, first you have to make a deposit of $250.
And hurry up because this offer will only be shown to 138 people! You are just lucky to be one of them. Yeah right! What a bunch of bullshit!
Is Magnetic Profit A Scam?
Yes, Magnetic Profit is a scam. It is actually very obvious, especially if you know how to spot a scam. The promo video play by all the rules of the (scam) book, showing you luxury cars, fancy houses, make false promises of you getting rich guaranteed (for example), uses the countdown trick, etc.
Always Read The Earning Disclaimer!
Before we go into the obvious things that points out that Magnetic Profit is a scam I just want to share some of the exact text that you will find on the bottom of the magneticprofit.co website. Earning Disclaimer is the only place where scammers tend to be a little more honest and real 🙂
Below is an exerp from the Magnetic Profit Disclaimer:
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
As you can see there is NO GUARANTEES HERE. This “David” (fake name) guarantees you to become a millionaire. It is the same old bullshit that all scammers use.
Ok now let´s move on to even more obvious scam signs.
If you didn´t know, you can actually hire people to record a fake testimonial for you for as little as $5 at websites like fiverr.com for example.
If you head over to the fiverr site and search you will find those actors there, I have made many scam reviews and very often I recognize these actors from other scams.
Below you can see one of the actors offering her services at the fiverr website for example. Do you recognize her from the Magnetic Profit promo video? 🙂
Oh, by the way, you can also hire actors to play the part of a fake owner with a fake name…
Who is David Silversmith?
Scammers almost never stand behind their crap product, they often hire people to pretend to be someone that don´t even exists. The real owner behind the scams pretty much always remains unknown.
David Silversmith is not the name of the guy you see in the promo video, and is most likely not the real name of the one behind this scam either.
Below you can see “David” offering his services to customers on fiverr.
How This Scam Works?
This is a very simple process. The one behind this scam will get a commission every time he gets someone to deposit into the broker company. Some of the money goes to the broker company and the rest goes to Mr x himself.
How This (unknown) Fake Character Makes Money?
My guess is that he get´s between 30-50% and it might not sound as much money but if he get´s thousands of people to deposit that will add up to millions my friend.
That is the reason why this kind of scam exists and keep on coming all the time and it is always the completely uneducated in the subject that falls for this crap.
You Can Do The Same!
If you want to make a lot of money online you should know that you can actually do the same! But you don´t have to lie to anyone about anything. You can instead promote things that people want (and search) for in the first place.
It is called affiliate marketing and is the exact same method that has made MANY people able to quit their 9-5 jobs and make money online. It has also made MANY internet millionaires, and no I am not talking about the scammers only. Those are of course included too, but I am absolutely not going to give them any credit for scamming people.
Take Amazon.com for example, you can promote anything that they got to offer, but that is just an example. There are endless of other sites you can promote things from.
So if you want to make money online in a solid way this is the best way to go. Don´t make the mistake thinking you cannot do this, in fact, anyone can do it. It is not hard but it takes some time to set up everything so it can work by itself, making money for you while you sleep. If you want to know more about this and also how you can get started with this click here.
It is the absolute best way to make a lot of money online and it doesn´t involve any risk like for example binary options trading does.
Final Words and Verdict on Magnetic Profit:
Overall rating: 0/10
I think I have made my point clear on the Magnetic Profit. It is a scam! In fact, it doesn´t get more scam than this. Fake promises, fake testimonials, fake owners, everything is fake!
Binary options overall is a BIG risk, even for the professional traders! It is not a coincidence that it many times is compared with going to the casino and betting on either black or red. It is pretty much the same.
Want to invest (instead of doing trades)?
By the way, if you are interested in only investing into something that pays back VERY good then I have found something that you most likely will find very interesting. If you are interested in investing check out this review.
I have to point out the fact that trading with binary options is of course, legit to do and some people even make a lot of money doing it, but they are VERY experienced and also got a lot of knowledge on the subject. If trading still is something you want to do I highly recommend that you read some books on the subject and learn as much as you can before you start doing it with your own money.
But overall I never recommend trading to anyone because it is simply not a safe and solid way to make money.
Other Legit Options
Finding safe and solid legit ways to make money online is actually very hard (especially if you are new to the business) because scams are everywhere.
But don´t do the mistake thinking everything is a scam, there is of course, real and legit ways to do it. If you understand that they take both time and effort (at least the safe options) before they pay off you have come a long way already.
If you want to learn at the same place I learned how it works then check out my #1 recommendation. That is the best advice I can give you.
If you want other options to make money online you can check out my top 5 list of real legit ways in the link below.
I hope you found this review of Magnetic Profit to be helpful and now you know what it is all about, it is a scam. If you want to make money online the best you can do is to learn (and stick to one program) until you master it. Stay away from scams like Magnetic Profit and you will be fine. Please leave your comments or questions below!
I wish you success in whatever you do!
Thank you for reading.
Owner of: StartMakeStopWaste.com