Dazed by the Free Money System sales pitch and asking yourself, “is Free Money System a scam or will I really make money?”, then this review is for you.
The Free Money System scam is another attempt to quickly separate you from your cash.
It’s a binary trading signal service that supposedly works without fail, completely on auto-pilot, and it’s completely free.
Oh, and it will also make you millions of dollars in less than three months. I’m not joking! It literally says that you will become a millionaire in three months!
This statement alone is enough to slap this product with the scam stamp… and there are many more outrageous statements!
Free Money System Review
Product Name: Free Money System
Product Type: Binary Trading Auto Bot Scheme.
Creator: Walter Green
Price: $250 to $10,000
Best For: Nobody.
Summary: Just another binary trading scam. Markets can’t be predicted by any type of technology. Avoid!
If you’re looking into Free Money System for the money making opportunity, you should check out my top recommended training instead. It has all the tools, training and support you need to build a successful online business. Plus 10 free classes to get started!
Is Free Money System a Scam or Does it Work?
Free Money System is an app that’s integrated with a binary trading broker (at the moment the product recommends PWRTrader) and you can choose between manual and automatic trades.
You’ll be able to open and close trades from within the app much like you would with any other trading service.
So what’s the difference?
Well, the automatic trading feature.
There’s a button that you can click to enable automatic trading. This means that the computer will open and close trades within certain perimeters that you can configure.
It’s much like any other binary trading robot.
Binary trading robots are generally not recommended because they can suck up the funds in your account in a matter of hours, leaving you with no money to invest and wondering what just happened.
There’s also no such thing as a bot that has a 100% success rate.
That’s a pipe dream that scam artists like to use to sell people their products.
Isn’t it funny how most of these binary trading systems promise a 100% success rate? It’s simply not true!
Free Money System is no different, the sales video is full of the usual hype, fake testimonials, and false promises. The video is also hosted on YouTube.
If you click the YouTube icon in the bottom right corner, then click on the username (Patrick GOOV), then head over to “Discussions” you’ll see uncensored comments from people who got scammed by these people.
It’s also funny that people who claim to be millionaires can’t afford to create high quality videos and need to rely on YouTube to host their files.
Free Money System Cons:
The blatant lies from Free Money System are infuriating!
The hype is unreal, it’s not even within the realm of reality, it’s gone way off into some fantasy world.
It’s totally unrealistic but the people in the videos try to convince you that it’s real and pressure you to sign-up as fast as possible.
You can also check out this video, it’s from the same person who uploaded the sales video for Free Money System.
It’s a 40 minute long introduction full of lies and unrealistic hype, not to mention rented mansions and cars.
So it’s pretty clear that whoever created Free Money System also created other similar products with similar claims.
It doesn’t come as a surprise! These products pop up almost every day and when one gets shut down another one pops up with a slightly different name.
It’s a shame that people can get away with these scams!
This product checks all the boxes on the red flag list.
And, of course, it’s not free.
You have to deposit $250 into their recommended broker (which changes, but at the time of the this writing they recommend PWRTrader). This product is by no means free!
The sales video, as usual, lacks detail, and only briefly mentions what it’s all about; binary trading.
The rest of the Free Money System sales video is all about what you can do with more cash and how that will make your life so much better, an attempt to make people feel excited enough to enter their credit card information.
The sales video is the standard sales pitch that 99% of scammers use to advertise their money-making products.
If that wasn’t enough, once you enter your details you’ll be contacted by other sales reps, begging you to upgrade to your account.
There are currently 5 different account types, listed below:
- Mini ($250)
- Standard ($500)
- Executive ($1,000)
- Gold ($5,000)
- Platinum ($10,000)
I would also like to point out that the Free Money System’s Executive plan is “Recommended for Beginners”.
You really have to be careful with these systems, chances are that you’ll lose all the money that you invested and more.
With a Platinum account, everything is on auto-pilot, and experienced traders are supposed to conduct trades for you while you sit back and collect the money.
It sounds like a dream come true but the reality is that you will still need to use your own money to invest in trades.
So not only will you have to spend $10,000 on the account, but you’ll also need to deposit a considerable amount to begin trading.
And even if you have the world’s best binary trader managing your account, there’s still a 50% chance that you’ll lose trades and drain your funds. No-one has a perfect success rate, it’s impossible.
I admit that you can make money trading but you definitely don’t want to spend thousands of dollars right off the bat for a questionable system.
There’s also a steep learning curve and if you go in with no background experience you’ll likely lose all the cash that you invested.
In other words, it’s a risky game!
Sick of Binary Trading Bots? Here’s What I Recommend:
Why Risk So Much Cash?
So we established that binary trading is risky and involves a lot of cash. Really, you should think of binary trading as online gambling.
So why take the risk?
If you’re goal is to make consistent money online, there are no automated systems out there.
But there are a few products out there that are way cheaper and much more valuable than all these binary trading scams combined.
Like, my favorite training product, Wealthy Affiliate.
Conclusion on Free Money System:
Stay away from Free Money System and any binary training programs for that matter, better off playing Blackjack online.
So we’ll keep this conclusion short and sweet, is Free Money System a scam? Absolutely. Have any experience with Free Money System, please let us know in the comments below.
After Years of Testing Out Products, Here’s One I Recommend: