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.
Website: freemoneysystem.net
Creator: Walter Green
Price: $250 to $10,000
Best For: Nobody.
Rating: 0/100
Summary: Just another binary trading scam. Markets can’t be predicted by any type of technology. Avoid!
Recommended: No
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!
Here’s My Top Recommended Training >>
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!
In fact, it’s more expensive than other training courses, training courses that will actually teach you how to make a reasonable income online (like my #1 recommended training program)!
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!
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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:
Hi, Todd. Thank you for informing us of yet another SCAM! With all of the potential the Internet brings, you’d think people would go ‘legit’ for a change….geesshh! To be honest I have tried several of these ‘binary options’ platforms because I wanted to learn, but only wasted time with scammers! The outrageous claims should always be a Red Flag…no one has money or time to waste! Is free money system a scam, you better believe it.
Thanks for your feedback on our Free Money System. And yes, it’s an obvious binary options scam waiting to sucker more money from people who are trying to use the internet to make money.
Fast cash online isn’t the reality unless your selling products online. If you want to create a real online business that generates money steadily every single day, this is how I did it and how you can do it too.
Thanks,
Todd
Thanks Todd, that’s exactly what I wanted to know. Finally an honest answer and a realistic perspective on the topic. Much appreciated.
Your welcome, have a great rest of your weekend.
Thanks for the great read. The free money system definitely does sound like a scam, saying you can earn millions of dollars in 3 months! If only that were true – I wish!
I tend to stay away from all these binary trading signal systems anyway, a bit risky if you ask me.
I can see how Free Money System works though to make people feel so excited and quickly whip out their credit cards. There are many sites like that, It’s a pity.
I’m interested in learning more about the Wealthy Affiliate online business training, can you tell me what it’s really like, how hard is it, what is the time frame as to when to expect earning.
Thanks,
Jenny
You bet Jenny, just check out this post called How Long Does It Take To Make Money Online.
Here you can get a good idea as to whether making money online is really for you.
Thanks,
Todd
What a wonderful review of this so obvious Free Money System scam. I see more and more binary trading options everyday. To claim that they are 100% success rate is a complete joke. Like you stated, it’s not true. And in reality, not even possible.
Thank you for pointing out the obvious scam marketing techniques that binary scams like Free Money System use. If you want to become rich, you need to do it in the smartest way possible to give yourself a solid foundation for long-term success. Promises of being a millionaire in 3 months simply isn’t a reality.
Well stated Brandy. I know, it’s just so crazy that smart people get themselves into binary trading scams like Free Money System. Sad really. I think it’s really just appealing to the average persons basic instincts of make some extra money online with this computerized system.
Rational thought goes out the door and soon people are parted from their money not knowing what just happened.
Thanks for your feedback on the Free Money System scam, hopefully we’ll get the word out and help people save their hard earned money.
Todd
I have been intrigued by binary trading, but am more of a value investor myself. I probably wouldn’t want to use a system like this, but I can see how lots of people could fall for it.
Free Money System is almost like having a robotic Private Wealth Management advisor, but for the trading side of things. OTOH, it would be interesting to see which would do better? 🙂 I say that half-jokingly, but having worked with them before, I really wonder if just having a robot automatically buy and sell for you is any worse?
Thanks for your take Michael on Free Money System. Based on the concepts and experiences from other users of binary systems, it’s pretty well known that these binary predicting machines are complete scams. Each one with a cheesy infomercial where the main actor happened to come across this magical system to predict stock trends.
This is an absolute scam and should be avoided at all costs, if you do play the binary game, do it with a reputable broker, one where getting your money back isn’t an issue.
I like my steadily growing Roth IRA’s, real estate, and my cool online businesses that rake in full time income while I’m working on things I enjoy in life. To each his own.
For those that want the online options, Here’s My Story..
Thanks,
Todd
Tried binary options a few months ago, mainly just curious, really don’t waste your money and forsure don’t buy into a system that claims to do it for you and make you rich..
Honestly I’m tired of all these scams like Free Money System. I have been in the business for almost 10 years now and can tell you for sure hands down the only real way to make a living online is to have your own website/blog. And yes the Wealthy Affiliate program has proven over and over again. Cheers, thanks for the good article.
Awesome Jon, thanks for your feedback. Is Free Money System is a scam, absolutely, every binary trading program that preaches this BS is a scam.
Save your money and invest in a real online education if your goal is to really make money online. It takes some time, but anything great does.
Wealthy Affiliate is the best resource out there to make it happen if that’s really ones goal. Thanks again, great to hear your take on our review from an experienced marketer like yourself.
Best,
Todd
I signed-up for this binary system that promises great fortunes before, of course, to my curiosity, I signed-up but did not intend to put any investment unless I have found their website to be legitimate.
Free Money System will offer you lots of good stuff and some bonuses so you will be tempted to invest your money. They will even tell you that they will double whatever deposit you will make.
I even received calls from them to convince me to deposit cash to them. But, of course, I made my research first on the internet about the reputation of their company and to my surprise, found out that some investors was able to make money but can not withdraw their earnings.
Then, Free Money System will call you and tell you that they will help you increase your balance by letting them play it for you, then to their surprise, your balance turns to zero and you will have no reason anymore to withdraw your deposit.
Thanks for a review site like this because one is able to research the company first before losing all your hard earned money.
Thanks for your feedback working with the Free Money System. Sounds pretty typical of your binary trading scams. It’s really sad and hopefully your words will reach others that are thinking of investing in this product.
Is Free Money Sytem a scam folks? I think so…
Best,
Todd
Oh, yea.
I put three hundred into binary trading before. It was a lot of fun. My balance went to zero in a matter of days.
Unless you do tons of research and really understand what you are doing it’s nothing more than gambling.
Like you say I could have had more fun playing Blackjack. Free Money System is like the rest of the binary infomercials and the rented houses and rented cars are a dead give away.
My question is why do people fall for this kind of non sense, especially when there are honest review sites like yours that warns them beforehand? Can you tell me that?
A little research could save people a lot of money.
They must make money as they are all over the internet I guess it’s human nature to want fast, easy money.
Thanks for the heads up. Where were you when I lost $300. 🙂
Hi Barry,
One problem is that there are so many of these binary scam programs like Free Money System out there that it’s hard to warn everyone. And yes, not everyone will do a little research when they get tempted to make fast cash online.
Sorry to hear about your experience but not surprised. It’s just human nature to want instant gratification and we love the idea of making a few trades a day and sitting back as the money rolls in.
This can happen with real online business once you get them established and producing consistent traffic, but this isn’t going to happen with scam products like free money system.
For those that want to create a real and profitable online business, check out my #1 recommendation. This is the same system I used to create my online businesses and the best educational source to get the job done.
Thanks,
Todd
Free Money System…yeah, free money for the idiots peddling this crap haha. $10,000 for the highest account possible? AND you still have to invest your own money? Yeah, everyone should pass on this. WA is the best way to learn how to start your very own online business…hands down.
~Jason
Absolutely Jason, real education equals real results. Thanks for your feedback on Free Money System and working with Wealthy Affiliate, much appreciated.
Todd
Gosh, scams like Free Money System tick me off. I’ve seen enough people be exploited by these kinds of companies that promise money. Some of these are blatant, like Free Money System, and some of them are really subtle, like MLM’s, where the vast majority do not make a penny. Keep up the good work – nice review.
Thanks JP.
I appreciate your feedback on our Free Money System review. If we can and get this review on the first page of Google, I really think we can help a lot of people out there avoid these type of scams.
For those out there that really want to make money online by creating a legitimate online business, the easiest and most feasible way to do it is by creating niche based affiliate website.
And to learn how to do that, I’d recommend to read about my #1 recommended online business training program.
Thanks,
Todd
Thank you for clearing up the many questions I had after coming across Free Money system.
I had been looking into binary options and someone from social media led me to this app. Thankfully, I did the research on this.
Speaking of which could you tell me more about Wealthy Affiliate? What can I expect to learn from it?
You bet Jason, thanks for your feedback on free money system. With Wealthy Affiliate’s training, you can expect to learn how to build your own online business for long term success.
To hear about all they offer, please my review of Wealthy Affiliate. It should answer most of your questions.
Thanks,
Todd
Free money system is an oxymoron. I agree that teaching people what not to do, complements teaching them what to do. Binary scams are constantly growing on the internet right now and Free Money System fits the bill of a scam in my book.
I’m not a gambling man, but if I were, I wouldn’t trade my money with a company like Free Money System, even their name just brings on the feelings of distrust.
Very good review.
Thanks Bob for your feedback on our Free Money System Review. Hopefully it will get in front of those searching this company out for some real feedback.
I like the money systems that bring in that constant online income, but those take real work, dedication, and guidance to create.
Fortunately, if you’ve got the work ethic and desire, Wealthy Affiliate provides the guidance and education to make it happen.
So hopefully I can help those out that real need and want it.
Thanks,
Todd
Hey there Todd,
Wow its one review after another, you’re on fire! (While singing This girl is on fire by Alicia Keys). These kinds of programs like Free Money System need to be shut down.
For people like us who already are experienced in the art of scams, we can avoid it because there’s no such thing as free money. But for newbies, they will surely fall prey to this scheme as I did when I first started online.
I used to spend thousands a month even though I wasn’t making a single cent because I thought that I was becoming a millionaire eventually overnight.
I wasted a lot of money and I dodn’t want others to go inside that pitfall as I did, I hope you’ll be able to save people their precious time and money from this scam Todd, keep up the good work!
Hi Riaz,
Thanks so much for your feedback on Free Money System. For those asking themselves “is Free Money System a Scam”, well, now you know, it absolutely is.
For those reading this review who are ready to get started and create online business success, just click the link and begin your journey.
Hi Todd,
Thanks for your review of Free Money System, an obvious scam.
Any system that has you invest money yet won’t let you have full control over the investments is definitely a scam. When investing your money, even if you use a broker, you need to educate, involve and engage yourself into where it is being invested, right, not just hand over your hard earned money and just hope it comes back with interest?
Wealthy Affiliates is a great system of promise, support, community and trust. You know the great training that you are going to receive the moment that you join for free. The forum is so engaging that it really keeps you motivated and progressing towards success with every step. I have not come across any online community like it.
Hi Gina,
That’s great advice and thanks for your feedback on Free Money System and Wealthy Affiliate. I think companies like Free Money System scam a lot of people because the prey off of people emotions to make the easy buck.
Wealthy Affiliate on the other hand, is a training resource to help people put up real online businesses that make real money, but require real work. And that’s where you lose the people who want the easy road to riches.
But you’ve given a very real perspective of what it’s like to be in the Wealthy Affiliate environment and it’s amazing how many people have the same experience of being inspired to go after their dreams and even better to hear when people achieve them – which happens daily at WA.
Thanks for your feedback on the free money system review and WA again, have a great weekend.
Todd
It’s pretty hilarious how Free Money System promises that you’ll become a millionaire in three months.
I feel sorry for anyone who falls for buying platinum. They might think the $10,000 is a great investment, but they would be better off just giving it away.
Wait, the $1000-5000 is recommended for beginners? Ok, I’m done LOL! It’s an obvious scam, but sadly, a victim is still made every day. 🙁
Hey Alec,
You are absolutely correct, somebody starts thinking with emotion versus logic and falls victim to Free Money System’s scam. I try to get this content out so that people can avoid this type of heartbreak.
At the same time, for those that are open to an honest education and willing to work for a real online business, the training exists and Wealthy Affiliate has got it. They have all the tools and resources one needs to be successful online.
So hopefully we’ll be able to get the word out on free money system and help some folks out that need it.
Cheers,
Todd
The Free Money System has all the tell tale signs of a scam. It’s one thing to mention making money on autopilot (a red flag on its own), but to guarantee users will be millionaires within 3 months? That’s just a straight up lie.
With any legitimate service out there, and they’re hard to find on the internet these days, it still takes effort to succeed. Anything that promises “riches” without effort is most likely a scam. Individuals need a site like Wealthy Affiliate that provides training and tools, but you still personally have to take action and apply yourself in order to succeed.
Hi Matthew,
Thanks for your feedback on the Free Money System and you are absolutely 100% correct about your assessment of online training programs.
Any training program is going to take action and dedication just like any job, online or offline. With Wealthy Affiliate, I’ve found it absolutely easy to stay motivated because of the Wealthy Affiliate environment and community support.
This has been one of the things that I notice from new students who enter the program. Their excited to learn, willing to take action, and this is the only way to start out any business, especially one online.
And as you continue your path of building your online business, you need support and encouragement to stay dedicated and motivated. It takes time to build any business, and this can be frustrating for many people who want to make money online right now.
It doesn’t happen that way, sure you can start seeing sales within the first month, but to get an online business to the point that it’s kicking out consistent income can take up to 6 months. For me it took about a year.
There were times I wanted to throw in the towel, but the Wealthy Affiliate community and the friends I made there continued to encourage me to build, explore, and be creative.
And I’m so thankful for that, now I make money every day online, most of the times my commissions come in the early morning, so when I wake up I get to see a fresh set of online commissions, and that’s a great way to start the day.
I can completely take off for a week and my site continues to bring hundreds of people to my online products every day. It’s a beautiful thing.
Thanks again for your feedback Matthew, Happy Friday!
Todd
Thanks for this review about whether Free Money System is a scam Todd!
I have to say that as soon as I read the name “Free Money System” my alarm bells went up straight away!
There is never such a thing as a free money system and the name itself makes me think “SCAM” straight away.
After reading your review, my suspicions were confirmed.
I really wish people would stop falling for these scams, the only people making free money, are the people running them!
If you want to make money online, you have to realise that it takes some hard work and requires you to learn the skills from a reputable source and not take the easy option to make quick money.
It will only cost you in the long run!
Great review 🙂
~John
Perfectly stated John. It’s one of the lower level scams I’ve seen, appealing to basic urges to make money online.
If someone advertises, work hard and get educated to make money online, our interests wanes.
But someone labels the internet marketing program as Free Money System, and everybody gets excited. But hopefully this review will help those that are interested in making money online or building an online business a reality, because maybe they’ll take a chance to look at the number one online business training program, Wealth Affiliate.
If that’s the case, then the Free Money System will have led them to the real deal, Wealthy Affiliate.
Thanks John for your feedback on our review as well as your advice.
Todd
Hi Todd,
When I read the name, Free Money System, my immediate thought was scam!
After reading your review, this was of course confirmed. There are just so many of theses binary options scams all promising easy money, but with this one, the promises seem to be so far-fetched it makes me wonder if anyone actually signs up.
The software for the system is free, strange perhaps but then again it doesn’t work. You just have to pay your money to the brokers and even after that they will telephone you to try and get you to upgrade. Do they never tire of ripping people off?
I agree binary options is gambling and the Free Money System scam should be avoided.
A much better idea would be to get educated and start your own online business.
Thanks for another great review.
Peter
Hi Peter,
Thanks for leaving your feedback on our Free Money System review. And yes, agreed, this on is just to obvious it’s amazing that anyone would even questions if Free Money System is a scam. It just slaps you in the face and has all the classic signs of an online scam.
And agreed, taking a little time to invest in a proper online education to create a real business that provides real services, products, or value to people is the way to go.
Seems that everyone want to sit back, click a few links, watch the money roll in and call it a day. I admit, it sounds nice. And can really happen once you’ve taken the time to create a real online business.
After working on my online business for about a year, the income really started coming in. Now I just manage my sites, do the SEO, and everyday I watch the sales come in on an autopilot basis.
But that happens after you spend the time and energy to create something of value.
Thanks again Peter, nice to hear from.
Todd
I love how it’s named “Free Money System” and it costs $250 to get started. It’s RIDICULOUS that it recommends the $1000 plan for the beginners.
Is that like a yearly membership or what? That is so crazy. I know that other scams give time limits to sign up. Does this one have that too? Thanks for educating me on the Free Money System scam! I’ll be sure to avoid this one.
Hey Bret,
Ya, it’s not too hard to see that the Free Money System is a scam. It has almost the exact same sales pitch, phony actors, rented mansions, and false testimonies that all the other binary trading bots have.
Nobody can predict the stock market, there’s your first clue that you’re dealing with a scam. I did another binary options trading review on Push Button Commissions, I’m not sure which one is more scam like. Both offer the same cheesy infomercial that it’s a tough call.
Either way, if you’re now not going to listen to or follow advice from Free Money System, all the better.
Thanks for your feedback on our Free Money System review, much appreciated.
Todd