Is the “Free Money System” a scam? That's a very common question I kept seeing people ask about this program, so I decided I would look into it and see what it's all about. Is it a genuine opportunity to make money online and live the life of your dreams? It's another trading robot program by a dude who calls himself Walter Green, but does it really work?
Read on to discover the truth….
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Company Name: Free Money System
Owners: Walter Green
Price To Join: Free To Join (then $200 minimum)
My Rating: 0/10
~ The “Free Money System” Review ~
Introduction
The website starts off with this highly believable (sarcasm intended) and very enticing claim:
“Your will be a millionaire in 3 months whether you like it or not”
I think we’d all like that, wouldn’t we Walter Green? After all, isn’t the possibility of becoming a millionaire the very reason we are looking at your product in the first place? And the quicker the better.
Unfortunately, all interest in this product for me stops with that headline.
Walter Green claims on the introduction video that he made over $1.8 million in the first 90 days, with an initial investment of just $250. Like all these sales pitch videos for bogus schemes, there is lots of hype, loads of impressive numbers, but very little detail regarding what the program is actually about or what you have to do.
If only that kind of cash that fast was really possible. But, unfortunately it usually isn’t. It’s a line scammers use to get people in so the scammer can relieve the unsuspecting budding entrepreneur of their hard-earned cash.I
'm really glad to see you here reading my review of Walter Green's Free Money System, as it shows you're smart enough to do some digging before handing over your cash and joining something without thinking.
What Is The “Free Money System”?
It’s a binary options trading program. If you are unsure what trading binary options is, basically it means trading in things such as Forex, commodities and stocks, where you place trades in the hope that a particular currency or commodity or other asset will either rise or fall in value.
Some binary options trades are an “all or nothing” proposition. Instead of actually trading on the market in a more traditional sense, binary options trading is more like gambling, where you are often betting on whether a certain currency or commodity will reach a certain price or value by a particular time. The trades are usually just a simple “yes” or “no” answer.
Binary options trading is banned in many traditional trading arenas because it is highly prone to fraudulent activity. Many binary options trading brokers or companies are fakes and only exist to fleece betters of their money.
The Free Money System in a binary options trading platform, where you invest as little as $200 and become a multi millionaire within 90 days.
If that sounds very hard to believe, that’s because it is extremely hard to make that kind of money in that time frame when you are gambling on the system, as well as dealing with fraudulent binary trading businesses that desire nothing more than to steal your initial investment (and they also hope to keep taking money from you from that point on).
While it is possible to make some money with binary options trading when done the right way, it's still extremely risky. A better thing to do would be to start a very cheap and simple online business like affiliate marketing. It'll bring in multiple streams of passive income for years to come. Check out the training over at Wealthy Affiliate to learn how to get started. It's FREE to join.
Who Is The Target Audience?
Those seeking the elusive and mirage-like “get rich quick” push button system that requires very little in the way of work or risk. Money just comes in at the simple push of a button…And lots of it. It also targets those who might be in a financial bind and who are desperate to dig their way out of it in quick time.
The Pros
- The entertaining introduction video
The Cons
- Walter Green for starters
- There is no such thing as free money
- Too many red flags in the video and not enough real information
- It’s gambling, pure and simple
- Free money system makes a commission for every trade, regardless of whether you win or lose
- The people earning the so-called “big bucks” in the video are actors
Tools and Training
Not much, except some tips from the big earners (actors in the video) on how best to trade.
How Much Does “Free Money System” Cost?
$200 initial investment, but you will be asked to keep feeding money into the Free Money System to keep things going.
Is The “Free Money System” A Scam?
While trading binary options is a real thing and not a scam, many programs like this one act as a middleman to get people into the system or genuine binary options trading platforms so they can get commissions on every single trade you place, regardless of the outcome. It’s not only gambling, but you also can’t be sure that the Free Money System isn’t just fleecing you for your money.
They make outlandish claims of big money earned in very short spaces of time, and this is an extremely popular ploy of online scams.
My advice is to stay away from this. If you want to get into trading binary options, learn as much as you can about it first. Then, if you are still keen to try it, do your research on a reputable trading platform to join.
Schemes like this one are a lot like gambling, so you might have better luck with this lotto system.
A Legit Online Business Takes Time
Good money can be earned from the internet, there’s no doubt about that, but it tends to take time, effort and training. We all would like riches in quick time, but that’s generally just a fantasy.
If you would like to copy what I do to make a great online income, just click on the banner below to learn more about my #1 recommendation.
Darren Burton
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Thanks for the review on Free Money System! I clicked on your #1 recommendation and Wealthy Affiliate seems great. Your review is very convincing and detailed! Best of luck to you! It seems like you’re on to something! Were you a member of free money system or did you just look at other reviews online?
Hi Ashley, and thanks for stopping by.
In part I review other products to help people avoid the scams, but I’m also always on the lookout for other good systems to get involved with besides Wealthy Affiliate. I didn’t join the Free Money System as I already know what it is. The internet is full of these binary options scams, promising “free” money on autopilot while some robot places trades on sticks, commodities and Forex on your behalf. they’re all bogus. I’ve been involved in Forex and I personally know other traders, and no system is simple like that.
The Free Money System tries to simplify it by essentially making a 50/50 bet on when or whether a certain commodity is going to reach a certain price by a certain time. It’s essentially gambling and this practice isn’t even legal in the industry. You don’t need the Free Money System to trade binary options. All this sytem does is fleece extra money from your pocket that you don’t need to spend. There are literally hundreds of these binary options BS robot, make money on autopilot scams out there today.
My first thought was “help!” These programs and systems are horrible. Thanks a lot for explaining how it works and what it cost. I think, like you that there is no such thing as money quick or money for free. Money cost, you have to invest your time or money and only then you will see results. But not millions in three months I think. Great article!
Hi Linda. yes there are so many of these binary options trading scams around at the moment. They seem to be everywhere. I wish there was such a thing as get rich quick, but I’m yet to find it.
It’s a great review about Free Money System. Really we need good review like this one. I think, this binary system trading is really scam and they just attract greedy people who want to be millionaire within short period investing around 200$ to 300$.
It’s very easy to understand that nobody become millionaire with 3 months investing a little amount of money. So, it’s better to invest valuable time in some other activities.
I really wish some of these so-called quick money making systems like the Free Money System were true, but unfortunately they’re all bogus. I’d love to earn big money in quick time with little effort, but in my experience that scenario just doesn’t exist. Not unless you’re running a scam.