A few days ago, we received the request to review the Magnetic Profit signals software. Just by reading its name, we knew that we were more than likely not going to deal with a first class system, because it sounds like a name that was made up by a bunch of scammers. You see, we have been in the game of reviewing systems for a very long time; therefore, we know the 411 on the tactics that scammers use in order to allure people into their scams, including when it comes to names. If you compare names from scams and names from legit systems, you will realize that there is something very different about them. It is definitely very weird but totally true. Unfortunately, we were right, the Magnetic Profit system is a scam, and we say unfortunately, as we know that the visitor who sent us the email and probably a lot of you who were attracted by it were hoping that it was not one, but it certainly falls into the fake category.
Magnetic Profit System Review
To start off, the creator of it, David Silversmith, states that this program is one-of-a-kind, as it can provide you with meaningful profits. He claims it to be the best auto-trader robot, as it is better automated. When we visited the official website of the MagneticProfit.co app, we were amazed, because how could David Silversmith make these statements, that one can make more money with his program than with any other program, if his website is a total mess. Yes, you read right . . . a great mess, if we may add. Mr. Silversmith talks about making a lot of money. He states that anybody who is anybody can make at least $5,000 USD every day. If one can make so much with his system, why does he have a website that looks like it was built in a day, for $10 USD. The official page is very unprofessional. It definitely looks like a bunch of ten year olds decided to get together and build a website for the very first time. More than likely, after reading this review, David Silversmith is going to go the extra mile to make the Magnetic Profits website a bit more professional, but hopefully, it will be too late, as we want you to help us spread the word that the Magnetic Profits signals is a big scam with a capital ‘B.’
Why Magnetic Profits is a Scam?
Trading Is Not a Get Rich-Scheme
Since trading online still involves the complex markets, it is safe to state, from what we experienced, that the experienced and common trader can make between $8,000 USD to $9,000 USD every month. Of course, there are some instances that some individuals end up making more at the end of the month, but unless they are millionaires from the get-go, it likely never occurs. Therefore, by the team behind this system to state this, it is a total red flag. At the end of the day, even though the trading is being conducted online, it is real trading that is taking place. Trading is not a get rich-scheme; although, thanks to so many scammers out there that are presenting fake auto-trading systems, it certainly is looking like one, but we reassure you that it is not.
In the introductory video, you will see a statement that goes on to further say that there are some individual who are using this system who are making $224,330 USD every week. Really? This just sounds very odd and thus fake. The reason why David Silversmith is trying to provide you with statements that reflect that millionaires are made overnight is to entice you into trying out his program. Is Magnetic Profit a scam? Yes!
Also read our Ultimate 4 Trading scam review
A Legit System Has an Honest Creator
According to how Magnetic Profit signals works, David Silversmith does not provide any details. Yes, it provides a lot of statements that state that anybody can turn into a millionaire overnight, but that is just about it. Whenever you deal with a legit system, you will notice how the creator of the program will give you an idea of how much you can make, but will go more into detail when it comes to sharing with you how his or her system functions.
Also read our Power Profit Platform Scam Review
Magnetic Profits’ Creator: Actor, Model, and Liar
In the introductory video, David Silversmith states that he is a watchdog of the industry and that he helps guide people in trading communities. He goes on to further say that he is an active blogger. Well, we conducted a research in order to find out if this was true or not . . . and guess? Of course is not true! He is lying. There is no trace of his name anywhere online.
After conducting a bit of more research, we found out that David Silversmith is definitely very active online, but as an actor. Yes, the supposedly creator of this website is an actor who is up for hire on fiverr.com. He is not only an actor, but also a model of shirts.
Conclusion – Low ITM Ratio
Bottom line is that the Magnetic Profit app scam system’s performance if low nature in terms of ITM Ratio which ranges from 57% to 62%. The Magnetic Profit software program is a scam, but there are many auto-trading robots that are not. Feel free to browse our site to find out which ones we are referring to.