Magnetic Profit is a cheap, dumb Binary Options scam that has absolutely no imagination, let alone anything of value to offer. This is the type of system that someone clobbers together over a weekend, and then try to convince a couple of people to sign up. The magneticprofit.co website, and the whole presentation reeks of scam.
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Magnetic Profit Scam Review Summary
- Annoying Browser Pop-Ups: No
- Fake Scarcity Counter: Yes
- Paid Actor Testimonials: Yes
- Impossible Revenue Gains: Yes
- Comes Across As Authentic: No
- Convincing Proof of Profits: No
- Possibility of Being a Scam: 99%
- Price: Free.
- Available In: Everywhere
Is Magnetic Profit a Scam? Yes, For Sure!
These Magnetic Profit scam site has a fake ‘copies left’ counter, the presenter, an actor they hired on Fiverr.com, tells us that the video will only be shown to 138 people in total, which is a lie. You are told that if you don’t watch the video all the way to the end, your chance of ever earning “daily life-changing paydays” are over. What a load of baloney!
The next thing we’re told, is if course that you don’t need your credit card. Put it away, you’re told, but David Silversmith is an actor, and not at all who he claims to be. He tells us that he made over $11 million last year, absolute rubbish!
“You will become a millionaire, guaranteed,” he glibly tells us, and of course he also claims that Magnetic Profit is fully tested and proven. We get this guy that claims he made a gazillion bucks, but the interesting thing is that both David Silversmith and this other bloke are both shown in completely empty offices. Why would they do that? I’ll tell you why, it’s because it is a Magnetic Profit scam, and they sneaked into some unsuspecting company’s offices over the weekend to record this crap!
This is the type of system that targets complete newbie Binary Options traders, that believe the hype of a guy telling you that he has made over $11 million dollars online. David Silversmith of Magnetic Profit even goes on to say that if you don’t make a profit, he will personally give you $50,000. Now tell me, why would he do that? You think he would do that because he’s actually a nice guy and loves giving away thousands of dollars simply because you didn’t turn a profit with his pathetic system? Nope, he’s just a paid actor that has a script to read. You’re not going to get paid $50,000 if he Magnetic Profit scam software doesn’t work out for you. They probably will not even answer your emails.
If you check the MagneticProfit.co website, you will see that it was only registered mid-January 2016, there is no way that this has been around for a long time and that it has been proven to be successful. So, is Magnetic Profit a scam? Yes, absolutely!
The fictitious CEO of the Magnetic Profit scam goes on to tell us that he is in fact a Binary Options hero. He claims that he exposed a “ruthless brokerage firm that was stealing money from traders with phony trading bots”. At the top of the Magnetic Profit video it even exclaims ‘Exposed: Finance Industry Watchdog’ Reveals how to avoid trading scams and net $4,032 daily profits.”
This sounds a lot like the well-known Binary Options Watch Dog, but that is of course the impression that this fake Magnetic Profit scam is trying to create. I spoke to the Binary Options Watch Dog about this, and he just laughed and told me that he was about to expose the Magnetic Profit creators on his website for the slimy scam artists that they are.
Magnetic Profit Review Conclusion: It Is a Repulsive Scam!
I know that you clicked on a link somewhere and got to this site because you’re looking for answers. I created this site because of all the Binary Options scams out there, and the Magnetic Profit scam is definitely one of the worst. I’ve literally spent hours testing, researching and investigating every system we can get our hands on, with the aim of bringing you only the best we can find.
If you want to take a look at what we’ve found, take a look at our top recommended systems click . Personally Mike’s AutoTrader and Facebook combo is my favorite, because I know the team and the traders and they are the real deal.
If you’re completely new to Binary Options trading, it might be a good idea for you to first familiarize yourself with how Binary Options work by signing up for a completely free demo account. TradeThunder is an excellent broker to start with, since they offer a completely free demo account! They also have very low starting balance requirements, so you could literally start trading Binary Options with as little as $20 in your account! Never trade with money that you cannot afford to lose.