Magnetic Profit is an auto trading software that has been on the market since February. Developed and founded by named CEO David Silversmith who owns a binary options blog, we here at BOT consider all their claims of changing our our lives around as scam-worthy in the first instance. Now that some time has passed since the initial hype, is Magnetic profit a worthy taker of your time and your investment? Read this review in full before considering whether to work with this system for up to date knowledge about Magnetic Profit. Is Magnetic Profit worth your time? Read this Magnetic Profit review to find out all details.
(3 / 10)
Website: http://www.magneticprofit.co/ Their website quality is bad.
What is Magnetic Profit?
Magnetic Profit is an Auto Trading software service created by David Silversmith. Magnetic Profit has some characteristics of scam service due to the score system which BOT uses to find out whether such a binary options service as Magnetic Profit could be a useless piece of software or not.
How much Magnetic Profit system cost
Magnetic Profit is advertised as free as with all auto trading software systems because the broker pays a fee to the auto trading system. Even though Magnetic Profit is advertised as free the broker account with which you will need to open account will need deposit of $250 minimum. That is ok but you should checkout if 1 the auto trading software is real and works and 2 binary options broker is not a scam. Once these two things are verified you are sure to be safe that any money deposited or traded in your broker account is completely yours to withdraw anytime you want.
Is Magnetic Profit software system safe?
To be on safe side we only recommend auto trading softwares which work with trusted brokers. To our understanding regulated brokers are more safer than unregulated brokers, however there are some restrictions placed on regulated brokers which is why they are not able to provide their service worldwide. We have also found regulated brokers to charge higher fees because they have more costs. In either case any auto trading software such as Magnetic Profit which we recommend you can be rest assured are safe to work with.
The music playing in the background of this video definitely adds to the sense of opportunity but what in reality works practically for you with Magnetic Profit? Well the presentation does highlight some good factors of the system. They focus on withdrawal efficiency to highlight the good parts of their auto trading system. There is only a three minute set up time which is average speed. However we won’t let these good elements fool us. When looking for a binary auto trading system, you need to look for one that doesn’t claim earnings in excess of what is reasonable for the time frame. For example, winnings of 1333 per hour as Magnetic Profit claims are not legit and are just ways to make you want to purchase the software. It is a warning and screams scam to us here at BOT.
Plus you need to be looking at the kind of support that each software offers. This video and many other scam videos concentrate on the fact that you can leave your job, spend time with your loved ones etc. Between these lines, we are looking for what the system can offer you in practice. Does Magnetic Profit offer you customer support? Does it give you a time-worthy return on your investment? These are among the questions you should ask yourself.
The testimonials are most obviously fake and just another way to convince you of their legitimacy. We don’t trust them and David Silversmith’s story. As a binary options guru he should know how to properly sell his software but instead he offers us a sob story. He summarises his whole mission of creating this software as a gift from a man who wants to give back.He talks of how he ethically came upon the monetization of his blog but in reality the blog never existed and it’s just a story to make you buy into the software. We can find no trace of this blog on binary trading anywhere.No doubt you have guessed it! This claim is just another way you can fall for this auto trader. They are just using it to reflect Magnetic Profit as a good alternative system.
Is Magnetic Profit Auto Trading Software similar to Signal Service?
Signal Service is slightly different to Auto Trading Software because an auto trading software places trades automatically with it' connected binary options broker. However signal service predicts position which you can use to place your position manually to any binary options broker. See details below to see which binary options brokers are connected with Magnetic Profit.
Magnetic Profit is marked as take caution, what does it mean?
BOT website has three categories in which we place ranking according to our assessment. Take caution would mean that we think that Magnetic Profit is neither best nor a scam. At the same time we advise to be careful signing up with . Do not deposit money which you cannot afford to lose. Try not to accept free offeres from their broker as this can cause difficulties later on.
watch the video
|Possibility of scam||Medium|
|Starting Balance||250($€£) or major currency|
|Get rich quick scheme||Yes|
|Compatible Brokers||Bloombex Options|
Conclusion of Magnetic Profit review
So, all things reflected upon, should we sign up with Magnetic Profit? The answer is a no, but if you do to trade with caution!
Verdict: Magnetic Profit Take Caution
Magnetic Profit is rated
3 on scale of
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