Free Money System Review
Binary options trading is becoming the most popular means of investment and trading so it is natural that many new automated trading systems are being developed. However, since there are also dishonest people in the world, a lot of these systems turn out to be cons, designed to simply take your money and run. It is recommended that you take the time to do some preliminary research before depositing any money with a trading bot. It only takes few minutes to read off-site reviews and trader’s reviews on trading forums. A few minutes can save you a lot of time and effort and in the long run, it can save you from being ripped off.
Free Money System is an automated trading bot that was released earlier this year and promises huge returns for all who use the software. Can one really trust that this is true or is this investment risk? Read our Free Money System review for more details.
Software: 100% Automated
Max Returns: Up to 88%
Minimum Deposit: $250
Countries: All nations
- Trading system is 100% computer-automated
- Website is easily navigated
- Customer support is rude and unprofessional, as is their technical support team
- Brokers are not regulated
- The system automatically assigns one of their brokers upon account creation, rather than giving you the opportunity to choose your own.
- Too many users have lost hundreds of dollars with this trading bot
Not Reliable Service
What Is Free Money System?
Free Money system was created by Walter Green, a self-proclaimed trading genius, who states that this software can earn upwards of a million dollars for new traders in as little as 90 days. We need to point out that such earnings are completely impossible unless you are willing to invest hundreds of thousands of dollars per trade. Any system that promises unrealistic profits is most likely unreliable and cannot be trusted.
Not only that, but we discovered during our Free Money System review that most of the traders who signed up with the system not only lost their investment but were not able to get a hold of customer service or technical support to find out what had happened to their funds. They simply created an account, went to make a trade and were shocked to discover that their accounts were wiped clean. This makes us doubt that Free Money system is a valid trading venue so we advise that our readers do not waste their time or money with Free Money System.
How Does It Work?
If you want to use Free Money System trading software, you must first open an account with one of their brokers and then deposit at least $250 to fund your trading account. You can then trade with the system as it will send you trading signals and once you earn any type of profits you may withdraw your funds following the procedures predetermined by your broker.
During our investigation of Free Money System, we learned that they do not allow you the chance to choose your own broker. The system automatically designates one for you and you must sign with that broker if you wish to use the software. We also learned that not one of the brokers associated with Free Money System are regulated. This means that they do not have to follow the guidelines predefined by organizations such as CySec, and opens up a lot of legality issues. We never advise our readers to use a system that is not regulated as there are too many gray areas. Also, the withdrawal processes are unclear as they vary by broker. In the reviews we read about Free Money System, many said that they were unable to withdraw their funds and lost all of their money.
Final Conclusion: Is Free Money System a Scam?
We do not have 100% proof that Free Money System is fraudulent as of this review, but we do not feel that it can be trusted in any way. Too many traders have lost the entirety of their investment and did not receive a satisfactory reply from technical support when asked what happened to their money. We strongly advise that you make use of a system that achieves genuine results rather than empty promises.
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