A new scam dubbed Traders Matrix System has been launched on the internet. The Traders Matrix Review website claims that Traders Matrix software is a copy-trading platform that lets users receive quality signals from their top professional traders. The website further implies that this software is so good that it makes you rich all the days of your life while you pay nothing in the first 3 months. However, Traders Matrix users will be subject to a deduction of 20% for the profits they make thereafter.
We’ve got a demo account to test the Traders Matrix review software (according to the website). But unfortunately, this demo account is a dummy, and we realize that we can’t use it to get a true picture of what we will earn from a live market – suppose we load our trading account with the minimum sum of $250. We therefore see that this is a risky endeavor, and any trader with a sober mind should not attempt trading with Traders Matrix signals.
Nevertheless, this Traders Matrix review will reinforce on the already negative publicity that this software has built for itself. Rumors are spreading like wild fire concerning this ‘’make-me-rich now’’ software. Let’s get a closer look of what this software intends to do for its users.
Is Traders Matrix System Scam ? Warning & Honest Traders Matrix Review !!
While the concept of copy-trading is real and can yield profits, the truth is that too many scams are using that ideology to deceive investors on the internet. Traders Matrix App is among the numerous scams going round with this idea. They claim that this system is run by a group of professional traders who have experience in the Forex market. We doubt if this is true, and especially after conducting an in-depth research on their backgrounds and hitting a dead end.
Scam Website :- www.Tradersmatrix.com
It emerges that this Traders Matrix software doesn’t really generate signals from professional traders. It is crystal clear that we are dealing with yet another trading bot which is disguised as a trade replicator when its not.
The implications here is that Traders Matrix App will follow the so-called trading indicators which aren’t 100% accurate. Even though this website insists that their ‘’professional traders’’ use technical methods like RSI and Bollinger Bands to study the markets, there is no evidence that this is the case. There are also claims that these crooks use fundamental analysis to confirm their decisions before opening trades. Again, we are warning you. This is a dangerous trick which they are using to make Traders Matrix seem genuine when we know that it’s not.
Read The Fine Print On The Traders Matrix Website !!
These crooks say that Traders Matrix Review system has a high win rate because it is not a trading robot. But we have already debunked that claim. In other words, we are expecting a pathetic percentage for a win rate – typically below 40%, and that’s for sure. It is worse than gambling because even a gambler approaches the game with a strategy which they know will win eventually. But this one is just pathetic. If you read the fine print, you will see a line that says you are not guaranteed to make any profit with their system.
Furthermore, another line says that Traders Matrix won’t be responsible for your losses. Remember, the same website promised that the so-called professional traders would use their vast experience coupled with their smart money management tricks to keep your account profiting all the time. But now the fine print is saying a different story. You don’t need to be told that this is a red flag.
The Crooks Behind Traders Matrix Software Unveiled !!
We are 100% convinced that this Traders Matrix review website is managed by internet criminals who want to prey on your cash. Operating in stealth mode is what they know best. Their real identities have been hidden and only aliases are used.
The names Robert Michaels and Chris Amado have never been associated with trading Forex or binary options. These names are only associated with this rogue Traders Matrix website. No independent third-party verification, plus their true backgrounds are impossible to find out because they are not on social media as well. Their only claim to fame is that Traders Matrix review platform was founded by them after abandoning Forex trading and deciding to settle on Binary options. Who in their right minds do that? If anything, most experts will still go with Forex as opposed to Binary options trading since the latter involves some element of betting/gambling.
More Disgusting Things Found On The ‘’Traders Matrix Members Area’’
At first, we were quite optimistic of using the mentioned Traders Matrix demo account. However, it was a shocker to us because even this ‘’demo account’’ needed money to be activated. Who uses real money to trade demo accounts by the way? Look around and you will see that all demo accounts use virtual money. Also, brokers are more than willing to offer them free of charge.
So now that investors can’t try the demo account with this Traders Matrix software, what is the purpose of mentioning or having it in place? Apparently, no one answers this question, and we are therefore forced to believe that no demo account exists here.
Traders Matrix Website Overview :-
Investors do fall for these tricks quite frequently, and scammers know this for a fact. The use of fake badges on this website is supposed to ‘’prove’’ that Traders Matrix Review software has received approval from third-party entities. But can you click any of those badges with your mouse? No way. So what does that tell you? It says that this software has not been approved by anyone.
As always, this website follows the conventional ways of scamming folks on the internet. It has an FAQ section that doesn’t do anything to prove whether or not Traders Matrix App is a scam. The pitch video is below average in quality. No presenter is used—even fake ones were not used either. We are used to seeing this kind of thing on phony websites.
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Conclusion :- The Traders Matrix System Must be Avoided !!
Our verdict is that Traders Matrix review system is a bogus scam like any other ‘’make-me-rich’’ scheme. Do not give them your credit card details because it is dangerous. There is nothing like ‘’members area’’ since this software is very new and there is zero possibility of it having acquired subscribers. Of course they might have fooled one or two guys. We ask you to find them and they will give their harrowing tales of how they lost money to the Traders Matrix scam.