Binary Scam Alerts

free money system scam

Free Money System Walter Green is a Big Scam

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“Congratulations! You just landed on the world only done for you free money system”. Well, Mr. Walter Green is an actor, the so called free money system is a SCAM, and this review will expose the truth about it.

I have to admit, this is a very powerful video which is extremely believable and has duped many people from a variety of income levels. Even highly educated and experienced traders bought into this racket and eventually ended up losing their life savings. The reason why it is so effective is because the main actor is being shown as a family man, business man, wealthy man, and it’s a Cinderella story which everyone can relate too.

Update: Free Money System is currently being integrated with fraudulent CFD and Forex brokers as well (not just binary) so please use extreme caution.

To top it off, there is a very strong curiosity element and it harps on our basic instinct to create a shortcut to success. Well, unfortunately fast money and profits are a result of very intensive work as well as frustrations and obstacles that need to be overcome. But NO ONE LIKES TO HEAR THAT! Everyone wants the fast track to wealth and prosperity without the hard work because most people are lazy and and conforming creatures (sorry that’s the truth).

If you disagree with me please leave a comment below because I think this would be a good topic for discussion. I’m betting that most people would be willing to risk losing a small amount of money to attain wealth, even if there’s a very slim chance of it really happening.

Walter Green Scam

This is very much similar to a lottery, only when it comes to gambling you know that there is very little chance of you winning (unless you are a poker shark). The Free Money System leads you into believing exactly the opposite, and that is the infuriating and troubling aspect of it and similar systems like Channel Ranger or MockingBird Method and so on.

So, How Can I Fight Back?

  • Well the most obvious way is to ignore it and move on.
  • If you are curious and want to investigate a system create an email just for these things and use that to register. Never use your primary email because they will hammer it with offers.
  • If you have been lured into registering to this type of service with your primary email, consider changing it if you can because chances are you will be flooded with a barrage of spam emails soliciting you to activate your trading account and start making millions.
  • If you have registered for a broker don’t fund your account unless you are sure you are using a recommended system like the ones we have tested and obtained our seal of approval.
  • If you have already deposited make sure you take a step back and absorb your losses because if you listen to what the brokers’ analysts or account managers tell you then you will end up losing your lunch money – and that’s a fact.

Whatever you do don’t continue investing unless you have a solid and recommended signals or bot (automated trading) system.

Check out our Free Money System Video for reference.

To sum up, the Free Money System and Walter Green is a total scam and fraud, and any attempt to equate him to finance giants like Carl Icahn is immensely deceptive and misleading. There is no software behind it or anything that even resembles a trading tool. It’s just a collection of marketing gimmicks and punchlines designed to squeeze the maximum amount of money from unsuspecting people who want to invest in binary options and generate an alternative or secondary source of income. I strongly recommend you stay away at all costs.

Don’t forget to share your thoughts, it’s very important for us.

 

The Free Money System is a Scam, Legit Review Exposes Brokers Bonus Tactics

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Binary Scam Alerts is continuously receiving complaints about the Free Money System and Walter Green (AKA The Green Machine and/or Millionaire’s Blueprint). We have previously reviewed this SCAM and conducted an in-depth investigation as to how this cheating software, Autotrader, and App has tricked thousands of people into funding broker accounts. False advertising, inflated bank accounts, staged offices, and fake actors are just some of the tricks employed in order to lure innocent traders into a web of lies and misery. But rarely do we hear what happens afterwards, and how the brokers use this very sophisticated scam in order to force a bonus on innocent day traders.

Official Scam Page: http://freemoneysystem.co/

Proof of Scam
First of all Walter Green does not have any social profile. We checked him out and this person is a ghost. Furthermore, this sales video is packed full of actors. As you can see “Anthony Pitts” is in fact “Josh” from the Trade Tracker Pro Scam. Moving forward, this sophisticated scam does not show you any form of software, or for that matter anything at all besides numbers on some dashboard and overly theatrical second rate actors posing as as winners. Finally, this video has been so used and abused that they actually created a different sales page called Millionaire’s Blueprint and wrapped it around this video.

TradeTrackerPro

The Free Money System Review
This extremely sophisticated and highly deceptive production is designed to do one thing only. Get you to register and fund a trading account with a binary options broker. There is absolutely zero transparency and in reality you don’t get to see software or any system. Word of caution, when you sign up it is NOT for the software. In reality you are registering for a broker, but since this is not a transparent process you may not even be aware of this. You will be contacted via phone and some sleazy sales rep will try to get you to deposit and force a bonus on you.

This is because the bonus has a trading requirement on it (also known as trading volume requisite) and it cosmetically inflates your balance. Once this is done your chances of actually winning (which are slim anyway) are reduced to zero or close to it. Now at some point a “senior broker” will contact you and try to sell you some strategy. That won’t work and using tools like market sentiment, scalping, candle sticks charts, bollinger bands, and momentum on 60 second options or ladder will be futile. You must recognize immediately that you made a mistake and these things happen, but in order to remedy the situation you have to cut your losses and leave. If you continue with this shameful scam then you will eventually be left bankrupt and extremely frustrated with your inability to actually profit from trading binary options online.

Is it Free?
Yes, but they will ask you to fund a trading account with a minimum of $250 in order to get started.

How Does a Bonus Work?
A bonus or comp is a way for a broker to allow you to top up your capital, but there is a catch. Technically speaking there are 2 types of bonuses – the first is called a “Sticky Bonus” and will only allow you to cash out your winnings less the bonus amount. The second one can be withdrawn, however the trading requirements on it are much higher.

What are Trading Requirements?
This is the amount of times a bonus has to be traded in order to qualify for cashing it out. It is usually between 20 and 40 times depending on the type of bonus and the broker.

How to Avoid the Bonus Trap
Generally speaking if you can avoid accepting it then it is best, however if you must then never take over 10% and don’t be ashamed to haggle with the broker and lower the requirements. Sometimes it is just technically not possible, so check alternative brokers with a lower requirement before investing.

Similar Binary Options Scams
These include but are not restricted to: Drexel Code, Tauribot, Citidel, Push Money App, Centument, Virtual Income, Insured Profits with Dave and Ginny, Sydney System, TSI System Scam, My First Online Payday, TrianaSoft, Trade X Confidential,  Limitless Profits, Millionaire’s Blueprint,Trade Tracker Pro, Binary Matrix Pro, the Amissio Formula, Tauribot, Centument, and Citidel.

Signals, Autotraders, Bots, and Trade Copiers
There are new systems coming out on a daily basis and they guarantee instant wealth at the click of a mouse. The vast majority of these apps turn out to be scams and fail to deliver the promised good. Binary Scam Alerts endorses the Binary Profit Method as it’s preferred Signals provider. If you are looking for an Auto-trader please check out automated trading section.

Verdict and Conclusions
After investigating one of the biggest online binary options investment scams The Free Money System and Walter Green (AKA the Green Machine), we have decided to warn our customers, members, and subscribers and advise them to stay away from this software. If you have invested or accepted a bonus from a broker, try to have them take it. If this is not possible then just learn from this tragic mistake and move on. As always we would like to invite you to join our Facebook group and Subscribe to our YouTube Channel.

A Summary of All Binary Options Scam for January 2016

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If you have been emailed or contacted regarding the Centument App, Citidel Software, Einstein Profit Method, Phoenix Trading, Global Millionaires Club, Medallion App, Insured Profits, or the Free Money System (Walter Green), you will want to read a recap of the scam reviews and investigations our staff conducted.

Centument Scam App and Gerald Reed the Actor
This piece of malicious fraud software will make you lose your money very fast and infect your computer with a Trojan Horse that will steal your personal information. The level of sophistication and false advertising tactics employed in this scam will send any cyber-criminal to jail for an extended period of time.

Citidel (Citadel) LTD Investment App and Dr Kent Grifly
This dirty scam is hands down the nastiest and most manipulative attempt to deceive and victimize innocent day traders into registering and funding a broker account under false pretenses. Anyone promoting this fraudulent app should seriously look in the mirror and ask himself how far he is willing to go to get his hands on the blood money sucked out of unsuspecting customers. This app will also infect your computer with a Virus that will lock you out and ask for a ransom.

http://binaryscamalerts.tumblr.com/post/137939858054/citadel-ltd-and-dr-kent-grifly-is-a-malicious-scam

The Einstein Profit Method
This is the cheapest and least sophisticated scam, the people who created this crummy software decided to invest the smallest amount of money and defraud people as much and as fast as humanly possible. There is nothing believable, honest, or genuine about this app, and that is a verified fact. The use of second rate actors and fake testimonials is so blatant and unsophisticated that it practically screams fraud.

Phoenix Trading
This is a really interesting scam which employs the use of a fake registration form and forged certifications to give the impression of a reputable service, when in reality this thing is a big fraud. William Johnston does not exists, he is just a fictional character devised to sell you an empty bag of nothing.

Insured Profits
Dave and Ginney are the all time scamming duo who will deceive and trick you into opening a trading account with some shady broker operating out of a creepy country like Uzbekistan or Sri Lanka, where people will sell their mother for a dime.

The Free Money System (Walter Green)
The Green Machine will rob you blind and send you to the cleaners. This is probably one of the biggest online deceptions ever carried out and recycled by thieving affiliates wanting to rip you off and get commissions for paying customers.

Other Scams that Keep Resurfacing
Binary Matrix Pro, Mockingbird Method, Coffee Cash Cheat, Channel Ranger, Binaryapp 810  (John Callaghan), Cash Code, Millionaire Blue Print, Fast Cash.biz, Google Trader, Dow Focus Group, Medallion App, Profit Maximizer, Profit Magnet.

Learn How To Avoid Getting Scammed
It’s not enough to complain, you also have to educate yourself and understand how these fraudulent schemes operate so that you can identify them and filter them out immediately from the start. Contact us by email at [email protected] in order to get free access to our 10 Point scam screening guide and you will be in essence “Scam-proof”.

Signals, Automated Trading, Bots
If you Google it you will find a lot of hype these days about bots, I personally do not recommend any of them since it’s basically giving someone or something else complete control over your money. If you have to go with bot Virtnext is the one I recommend this time, however signals and strategies are always my preferred tool.