The Good / There is nothing good here.
The Bad / Binary option scams are all the rage right now. They promise tens of thousands of dollars, for no work, all thanks to a "secret" piece of software that can "beat the system." The truth is, it's all a lie to get you to deposit money (that you can never withdraw) into a brokerage account so the owner of the "system" can get a big fat affiliate commission.
My Recommendation / Binary option trading basically comes down to a coin flip, with somehow worse odds. Your money is better spent at a roulette table. Don't get suckered in by extravagant promises of wealth. Instead, learn how to build a real, sustainable business online with our top recommendation. Don't bet on a coin flip.
Free Money System Review
Wouldn’t it be great to find a real free money system that would literally make money for you on autopilot? You wouldn’t have to spend a dime, except a small investment to get started, and after that you’d make millions in months.
Yes, of course that would be great, but sadly fairy-tales are for children.
This Free Money System review is going to (unfortunately) share insights with you as to why you should stay away from this thing. It’s nothing new. I’ve seen the same product over and over again, with a different name, a slightly different sales video (only slightly mind), and a few other differences.
The one thing they all have in common though, is that they don’t work.
Could Free Money System Be Different?
No, not at all. Let me start from the beginning by talking about Binary Options.
Binary Options are a way of trading by betting on the direction a particular stock or currency will move in the market. Instead of physically buying a stock, you simply place a bet on whether it will rise or fall over the next minute or two (sometimes an even shorter time period).
You can read a bit more about the fascinating facts of betting “up” or “down” here.
Products like Free Money System claim to be pieces of software that have managed to “figure out” how to automate this gambling (no, it’s not trading) process and win most of the time. They show you a few losses so that you’ll think they’re legitimate, then show you a few Lamborghinis so you’ll be tempted to sign up.
It’s like copying somebody else’s homework and deliberately making a few mistakes so the teacher doesn’t get suspicious.
They offer you their software for free, so that you’ll sign up with a broker that they are affiliated with and earn them a massive commission (we’re talking $250 a pop) when you deposit funds with the brokerage (we’re talking $250 minimum).
Whether or not the software works is actually irrelevant most of the time, because once you’ve deposited your funds, you’ll never hear from them again. At least 75% of these “brokers” are fraudulent and unregulated. The ones that really will let you access the account will just let you trade manually and will refuse a refund until you’ve made around $100k worth of trades.
What About The Software?
It’s always just a gimmick to get you to deposit funds. There’s no magic software to automatically win trades, and if there was, would it be free?
In the case of Free Money System, you’re instructed to deposit funds with one of two choices. Bancdebinary (a broker that is already shrouded in countless claims of fraud) and Four Markets. The latter is a very new brokerage (they never last long), with an equal lack of regulation.
At least these brokerages will give you a real account and let you make trades. You just won’t win:
You would probably have a 50-50 chance of winning if you just closed your eyes and hoped for the best. Even if you won half the time, you would still lose money, because winning trades only collect 75% of the winnings, and losing trades lose everything (some places offer you 10% back).
For every trade you lose, you’d have to win 2 to break even.
Forget about the free software that doe sit all for you. Once you’ve signed up to the brokerage, you won’t hear from Free Money System again (except to remind you to sign up).
Why do you think Walter (FMS creator) insists you sign up with one of his recommended brokers, and insists that you’ve not signed up for them before?
If you are not a new sign up, he doesn’t get a commission.
Let’s take a look at what Free Money System says it is, and what is really is.
What is says:
- Automated system to make money with Binary Options.
- You DON’T NEED TO KNOW what Binary Options are (how convenient).
- You’ll make money automatically with this system.
What it is:
- A sales device to get you to sign up and deposit funds with a broker, earning FMS creators a commission.
- Nothing more.
You will lose your funds, you won’t be able to get a refund, and you’ll be left in the dark. Move on, and find something worth spending your time on. Stop dreaming about Binary Options products.
How Does Free Money System Compare?
Binary Options trading programs all come down to essentially one thing: You’re betting your hard earned money on a coin flip. Successful businesses are not built this way! You can’t expect to make money this way.
I’ve Tried That has been reviewing ways to make money from home since 2007. In that time, there’s one program that stands above the rest. It’s free to get started, has no ridiculous hidden charges, and will help you build a sustainable income from home.
Let’s see how Free Money System compares…