The Free Money System, found online at FinanceXO.com, is a new video presentation from Walter Green, who promises that he has created the first “done for you” money making system that anyone can use to become a millionaire.
According to the video presentation on their website, this system has been used to help more than 400 people earn more than one million dollars in just 90 days or less. And the best part about is this system is that it is completely free to use.
What is the Free Money System?
The Free Money System is partnered with another company called Boss Capital. Boss Capital is an online trading platform that specializes in a particular kind of investment, called binary options.
Binary options is an investment platform that gives people the chance to decide whether they believe a specific stock will rise in value (call) or fall in value (put) during a pre-determined amount of time, which can range from one minute to six months.
Customers who make the right choice about the behavior of a stock will receive an immediate return on their investment, often up to about 85% of the investment they made. The video presentation says that the Free Money System, along with your dedicated “Dream Team” mentor, will guide you in making all the investments you need to become a millionaire.
While binary options is both a legal and real investment opportunity, the Free Money System is not likely to be a real and trustworthy investment opportunity.
Though this system claims to be free, in order to use their system you must partner with Boss Capital, an online trading company which requires users to deposit at least $200 into their account in order to begin trading. So while you do not pay a fee directly to the Free Money System, you cannot use their system without having at least $200 to invest.
The reality is likely that this company actually receives some kind of a “finder’s fee” from Boss Capital whenever they send someone there who opens an account. Whether you are successful at earning money is irrelevant to them, because they are paid when you simply open an account.
In addition, if you read the Free Money System disclaimer, they are very clear that nothing they say in their video presentation should “be interpreted as a promise or guarantee of earnings.” This despite the fact that the presentation repeatedly says you are “guaranteed” to earn a million dollars within 90 days.
Finally, though the video presentation says you need no knowledge of trading, that “no brain power is required on your part,” and “this system does everything for you,” they also say that this system will not be successful for people who are not prepared to do everything they need to do to be rich. Well, either the system does everything for you and you need no brain power, or you will be asked to do things that do require preparation and brain power – it can’t be both.
The truth is that there are many, many other websites and video presentations just like this one online, including Guaranteed Wealth System, 7 Figure Traveler, Euro Millionaire System, Ataraxia 7, My Binary System, and many others, but if you are interested in binary trading you’d be much better off reading and studying this type of trading and working with a platform and a licensed adviser directly, than relying on one of these “get rich quick” systems.