Let’s be honest, the Magnetic Profit System homepage is horrible. You enter and not only are you not greeted with any real information except for a video of an actor against a green screen, but in general it looks quite unprofessional. With that said, we’ve all learned the saying “don’t judge a book by its cover” right? Honestly, I was actually intrigued by the homepage and wanted to learn more because it just seemed a bit of an absurd welcome. Yes, the typical binary options software signs were there, the uncontrollable video, the horrible actor, the lack of information, and simple name and email to move on to the next step. Not to mention the push for time and spots. If you are reading this surely this isn’t the first binary options website you’ve visited and know they all have all the same setup more or less.
What happened when I decided to take my research to the next step was actually interesting. With such a horrible homepage when you reach the second page you actually cannot help but be a little impressed simply because, well, you didn’t expect it. There is actually quite a bit of information provided, in comparison to other websites, and gets you reading and listening.
What is the Magnetic Profit System?
This is a binary options trading system and judging by what the actor says and what is claimed in the text in the website, it’s like no other. Reasonable enough right? Well, honestly, all of them say the same thing. The problem is that today there are so many binary options systems that they race for attention and for people signing up as they earn their money through referral fees from the broker they work with while others also take a small percent from your trades. With that said, this system is claimed to have a special Magnet software that predicts the future within the next few minutes with perfect accuracy. Developed a bit over a year ago by Mr. Silversmith, who is claimed to be the guy in the video, who claims to be a Binary Options Industry Watchdog, the system was developed because he was tired of scams and wanted to create something legitimate. If you buy the story, ok, I personally think it’s just a new and creative way to pull people in.
I was really hoping they would stay reasonable and not make wild claims of becoming a millionaire but unfortunately within the first 30 seconds of the first video he claimed that he made well over $11 million. He doesn’t mention how much he invested initially and honestly, all of these bank statements and shots of trading accounts can easily be manipulated to say whatever they like so never believe a word they say. They claim that within the first hour after you sign up you will make $1,333.11. Seriously! That I find hard to believe. Obviously, that also means that within the first hour you will find out if you have also been scammed.
The Magnetic Profit System uses MAGNET which is a false buy order in order to gather all of the necessary meta-data from the market in order to make accurate predictions of what the future will hold in the next few minutes. Thus being able to properly manage your investment so you make a profit.
As the system is entirely automated you really don’t have to know anything about binary options or trading. You just need to following the several steps in order to sign up, invest at least a minimum of $250, and then the system takes over. The setup is easy and anyone can do it, but the question is whether you will actually make money or lose it all.
REAL Experience Feedback with Magnetic Profit System
Although I personally have stopped taking my reviews to such an extent as to actually invest as at this point I have realized that there are far too many scams to take such risks, I instead do 3rd party research and find people that have actually tested them. You cannot find this information in the standard search results with various reviews that do nothing but repeat all that is in the website and claim that it really is legit. These are all affiliates of this or other websites paid to write positive/negative reviews in order to get you to sign up for this or another system.
My sources are deep in forums that I have grown to trust over my years of experience where serious traders go to share their thoughts and wins/losses with different software. For the first time I actually found very few people that really tried this software. Many had considered it but moved on simply because the website completely turned them off while others read negative reviews and decided not to risk it. Still, there was plenty to go by. Actually, there were quite a few people from those that shared their thoughts that have won with this system, though certainly not the claimed numbers from the website. It was actually quite a bit less. The only guy that actually made well over $15K had actually invested nearly $1,500, something I don’t recommend without actually testing with the minimum amount first. Of course, there were plenty of people that actually claimed it’s a scam and to not trust it. Some lost their money gradually while others nearly overnight.
I believe that this really could be a decent system to start with and try but don’t forget, regardless the robots, the algorithms, and the empty promises, binary options are a risk. A major risk. Never invest money you cannot afford to lose. There is no software that can guarantee a win and you should always keep that in mind especially if you will be using their automated system. The feedback I have found has proven that even though you really can with Magnetic Profit System, the chances of loss are not eliminated.