If you were hoping to find some quality information on the official Traders Matrix Scam website then you were sadly mistaken. In fact, this is a relatively lazy promo website where they have invested very little in actually trying to convince you that their software really is as they say. Unfortunately, considering that the push tactics that many other scams use are rather revealing, this contrasts and thus probably lures more people. The clean design and lack of information do not make it profitable, it just proves they are lazy and have put in even less effort into the marketing than they did into the scam they are presenting.
Product Name: Traders Matrix Scam
Niche: Binary Options Software
Now, this scam will try and make you think that this is a system that duplicates successful trader’s trades, only it provides zero proof to back it. In fact, I am 100% certain that it does absolutely nothing of the sort and regardless of the assets you choose to trade, you will get the exact same results, LOSSES. This is because this is just a typical automated trading system like all the other scams out there under the cloak of a system that is claimed to duplicate trades. There is zero information on the actual traders you will be following, there is zero proof of their successful trades, and even less proof of the possibilities of actually making profits.
What is the Traders Matrix Scam?
This is an automated trading bot that is claimed to duplicate trader’s trades. You are given the option to trade automatically or manually, though the manual option gives you very little control in comparison. You just get the signals and decide for yourself whether you want to trade, but not much else. You have no control over the signals you get or who you get them from, all you can do is select the assets, stop loss, and amount you want to trade. You are better off taking that $250 investment to a casino and trying your luck than trading with this system, at least there you have a chance of winning.
The badly made website begins with a simple introduction video, intriguing text on top claiming you will make money, claims of a demo mode that does not exist, and they insinuate that you will make profits in demo mode and share only 20% of the profits when the trial is over. For anyone that has zero experience with trading, this could lead them on in a very bad way.
Now, when it comes to the video, it’s rather depressing. Though I hate those 30-minute videos where they repeat themselves and use every trick in the book to try and convince you to sign up, this really is sad. The video consists of a demo of how to open an account and a quick run-through the system, the options, and how to use it. Not that you need to be a brain surgeon to figure it out, there is so little on there that the video really is completely useless. Either way, that’s it, no demo of successful trades, no testimonials, no win rate claims, nothing.
As I mentioned earlier, you have absolutely zero control over anything really. You decide the assets to trade, of course, one would leave all of them checked, naturally, and then just the trading settings of a stop loss, investment amount and daily investment amount. It’s really a typical automated binary options robot. You are given zero information about the traders you are following, nothing about their history or success, not to mention no real proof that they will make real trades. If you ask me, this is just a trading robot, no real traders behind it.
You get this beauty for 3 months for free. They don’t even go into detail about how exactly you will pay them this 20%, just say you will get instructions for payment. Only, your money won’t make it 3 months because there won’t be any profits. The only reason this is up there is to try and sway you into thinking that this is a genuine system that is worth something.
I don’t care what they claim here. The two names, Robert Michaels and Chris Amado are fake and I have not found anyone connected to trading in general anywhere online or on social media by those names except in connection to this scam. Not to mention, considering their claims that they “quickly attracted attention”, one would think that this was done somehow and there are traces of it somewhere. Considering this system is just days old, I highly doubt they’ve got a lot of traders on there already. All of this here, is just filler.
Their fake badges don’t help their argument. Though for the most part, the badges are general. The one that concerns me is the “Verified by 3rd Party” badge, which you cannot click. There is no mention of the 3rd party anywhere in the website, there is no information as to who they are, and what their findings are. If this was really verified by a 3rd party, you would be able to click on the badge and confirm it. It’s just more filler in effort to seem more reliable.
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Though the Risk Disclaimer is required for all trading websites to cover their buttes in case of losses, I found it rather amusing that on the same page where they claim you will make money, that this is a genuine website, and that they are successful, they have to share this. Trading IS RISKY and anyone telling you its easy money is lying. Of course, they take no responsibility for any losses while using this software, yet they are the ones pulling the strings and feeding you the trading signals, or their bot is at least. I can totally understand this being at a broker’s website where you have full control of your trades, but considering you will have zero control and take no action when it comes to them especially when in auto mode, there should be some understanding that they are responsible for your losses, not you. A happy and hopeful dream I guess, though I doubt we’ll ever see that happening.
Lastly, I wanted to share with you since when this scam has been around and why this makes it all the more dangerous. Though they have gained attention already and the fact that the Traders Matrix system is a scam is spreading like wildfire, it’s important to always check how old a system is before signing up. People caught onto this one rather quickly, but usually scams like these pay a lot of money for marketing and there are many positive reviews out there, fooling hundreds of people on a daily basis. Never trust a website that is less than a month old, if you MUST go for something, try a system that is at least 6 months old and has some sort of real history online that you can research.
The Traders Matrix software is a scam, the lack of information, fake demo claims (to use the demo you have to invest), and the fact that it’s just days old yet they are making absurd profit claims is enough to convince me to avoid it.