Online Wealth Markets is a scam in my opinion. In fact, I’ve seen this exact same binary options trading scam so many times now it’s not funny. I'm actually starting to lose count on how many of these scams actually are out there.
Let’s take a look to see why I think it’s a scam…
Over the online make money scams?
Company Name: Online Wealth Markets
Owner: (Likely) Walter Green
Price To Join: $250 Minimum Investment
My Rating: 0/10
~ The Online Wealth Markets Review ~
Intro
First I’d just like to say that binary options trading is a real and legitimate way to trade. Unfortunately a lot of scammers have entered this space in recent years, offering up dodgy push button platforms that guarantee financial success. These platforms that sound too good to be true are fake and a fraud, and that’s what this review is about.
What Is Online Wealth Markets?
When you dig a little deeper into Online Wealth Markets you discover that the business is actually based in Cypress and looks decidedly similar to a few other platforms operated by a dodgy character known as Walter Green (that could be an alias). One such platform is the Millionaire Blueprint.
This platform promises the world when it comes to trading the binary options market, claiming you’ll literally be making bucket loads on cash virtually overnight, and all on autopilot.
How will this be achieved?
By using their magic trading software.
Apparently their bot software – which places the trades on your behalf – is so accurate there’s no way you can’t make money.
It’s all a fantasy of course, designed to suck people in with the lure of big and easy money. All Walter Green or whoever runs this operation wants is your investment dollars, and as soon as the bogus software loses your initial investment, your unregulated broker will be on the phone hustling you for even more cash.
This trading scam is running rampant at the moment. There are just so many of these dodgy software programs on the market today, and they are all pretty much the same thing.
Want to learn how to make $10k per month online?
How It Works
They sell the idea like this.
You agree to take them up on their offer of free software that will make winning trades on your behalf. They give you this software to trade with on the condition that you invest your trading dollars with their “recommended broker”. You will find these brokers are unregulated and it’s extremely risky doing business with them.
Whether the software even exists or not, who knows. What’s likely going on is someone is looking for an affiliate commission. You see, many of these questionable brokers offer affiliates really high commissions for every single person they can entice to invest money with that broker.
Maybe the broker just takes your money and runs, or has his trading flunkies investing your cash willy nilly is anyone’s guess, as they are never transparent about what they are really doing.
Binary options is trading simplified. It’s really a 50/50 bet like choosing heads or tails. You choose the button with the highest percentage after the alleged software predicts which way a trade is going to go and bingo. You’ve just won yourself yet another winning trade.
It’s all garbage. Even if there is actual software analysing it all for you, no bot software is going to be that accurate that you can’t lose. And that’s exactly how they sell these scams – like you can’t lose. If software was this accurate, everybody on the planet would be trading with it.
Target Audience
These scammers target people with no trading experience and those looking for a way to make some fast cash. They also prey on people hoping to escape some mundane job they hate and are searching for alternatives in the online world.
What I Like
- I don’t like anything about this done to death scam
What I Don’t Like and Red Flags
- It’s actually not free. You need to invest a minimum of $250 with some dodgy, unregulated broker
- These scams are everywhere online at the moment
- Walter Green is likely just an alias
- Affiliates are promoting these scams on behalf of the brokers for commissions ranging in the 40%-50% mark
- Even if the simplified software is real, it’s not going to be accurate
- More than likely a group of traders is playing with your money behind the scenes
- The unregulated broker might simply just take your money
- The accuracy claims they make when it comes to the bogus software are totally ridiculous
- They use paid actors for their videos and get freelancers to write their glowing testimonials
- All the marketing is highly deceptive
- They state that it’s a risk-free way of making heaps of money – what a joke that is
How Much Does Online Wealth Markets Cost?
While they initially claim it’s totally free, you can’t trade with zero dollars. You have to invest a minimum of $250 to be allowed to trade with these guys. That’s just a reasonable starting figure that they think you’ll happily try your hand with. Once that is quickly eaten up, they’ll then be pressuring you to invest thousands more. There’s really no saying how much this scam will eventually cost you if you get involved in it.
Is Online Wealth Markets a Scam?
It’s a scam just like all the other similar platforms I’ve reviewed. How these scams continue to exist, I don’t know, but seriously give Online Wealth Markets, guys named Walter Green, and anything that looks, smells or tastes like a binary option scam a big miss.
You will get burned if you step into the fire, so best to give it a wide berth. If you want to try binary options trading, then do your research and seek out a reputable platform and industry-regulated broker.
Schemes like this one are a lot like gambling, so you might have better luck with this lotto system.
Try Affiliate Marketing Instead – It’s Way Less Risky and Far More Profitable
If you are looking for a good way to make money online, then you don’t have to take risks on trading and dodgy scams that promise the world and deliver nothing.
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Darren Burton
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