Secret Profit Matrix is a scam or not? That’s the question many are asking online. This is yet another automated software program that guarantees you’ll place winning market trades, but is it all just sales hype?
Let’s take a closer look and uncover the truth….
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Company Name: Secret Profit Matrix
Owner: Karl Dittmann
Price To Join: $100 minimum
My Rating: 1/10
~ The Secret Profit Matrix Review ~
Intro
First off, if you search for reviews on this program, about the first 5 pages of Google results are all filled with practically the exact same review from the same reviewer. He just uses different site names and is obviously an affiliate of (or the owner of) Secret Profit Matrix. Every review is almost the same and does nothing but sing the praises of this platform.
I’m not affiliated with Secret Profit Matrix in any way, shape or form, so my opinion of this is fair and totally unbiased.
What Is Secret Profit Matrix?
This platform was created by a guy named Karl Dittmann, who is apparently pretty experienced in trading the markets. Through my research I couldn’t find anything that disputed this fact. The software he has created here is designed for trading the Forex markets, and it’s meant to help you make winning trades most of the time.
There are a lot of automated bot software programs out there, with most of them aimed at binary options trading, and just about all of them are total scams.
So is that what we have here with Karl’s Secret Profit Matrix? A total scam?
The Software and How It Works
Apparently the software does all the work for you. All you have to do basically is tell it to do its thing, watch it trade, then try and keep up with counting all the money as it flows into your trading account.
That kind of BS makes me extremely suspect. I’ve traded Forex and I understand how complicated it can be. No software, no matter how well engineered, is going to be able to pull that off. Software may indeed help a little with predictions and so on, but it can’t be so accurate that you actually have to do no thinking.
Hell, if it was that good, every single trader on Earth would be using it and making a killing!
Secret Profit Matrix is designed to plug into the ever-popular MT4 Forex trading platform. Whereas normally you would be trying to predict and place the trades yourself, the software monitors the market and places trades on your behalf if you want it to.
This likely won’t prove to be anywhere near as accurate as what the website claims it will be. Generally software like this is attached to an affiliate program, where some unregulated broker pays affiliates as much as 50% commissions for every person they bring on board. The brokers lure people in with the promise of some super software that makes earning top dollar on the Forex market super simple for even novice traders. The new trader invests some money, the broker gets to keep that cash and gives half to the affiliate who recommended the new recruit.
I’m not categorically stating that Secret Profit Matrix works on this method, but that’s how all the binary options platforms work; the ones promoting automated, dodgy software anyway.
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Target Audience
This is really targeting beginner traders who don’t want to actually work out how to trade the markets successfully themselves. Seasoned marketers would see right through software programs like this one and know right away that it’s all BS and sales hype, designed to do nothing but relieve you of your money.
What I Like
- It sounds good in theory
What I Don’t Like and Red Flags
- No software can regularly accurately predict which way the market is going to swing
- I’ve seen countless similar platforms all claiming the same thing
- There is an affiliate program attached to Secret Profit Matrix
- Most positive reviews you’ll read out there are written by affiliates
- Likely it’s an unregulated broker who is behind this
- The claim that you don’t even have to think to be successful trading Forex is complete and utter nonsense
- They promise big bucks with no risk and no effort
- Once you quickly lose your initial investment, the broker will be on the phone to you, trying to encourage you to invest a lot more money
How Much Does Secret Profit Matrix Cost?
You have to invest a minimum of $100. Usually you are asked for $250, but for some reason they are only asking for a starting investment of $100 in this instance.
Is Secret Profit Matrix a Scam?
I can’t state it’s a scam with all certainty, but I would approach any involvement with Secret Profit Matrix with extreme caution. Chances are you will just get severely burned if you buy into this. I’ve seen this kind of hype and software setup so many times now it’s not funny, and all the others I’ve reviewed have been scams.
I’d give it a miss. Trading Forex is complicated and stressful. You can be successful at it if you really take the time to learn what you are doing and keep your emotions in check. However, there are easier and far less stressful ways to make money out there.
Schemes like this one are a lot like gambling, so you might have better luck with this lotto system.
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Darren Burton
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