Magnetic Profit System promises very high and quick profits to traders. But does this Forex Robot really work or is it a Scam?

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Our Robot Testers made a research of Magnetic Profit System and found out that this Forex auto trading software does not rate highly. As an alternative we have selected our Top Safe Forex Auto Trading Systems along with detailed reviews for safe and secure trading.

Since we haven’t gathered enough information yet, we cannot confirm that Magnetic Profit System is safe. You can Continue to Trusted Robot Site OR Choose one of approved and safe trading applications:


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Magnetic Profit Overview

Almost every day a new trading system enters the market with the promise that it will give its clients independence and financial freedom. And every other trading robot turns out to be a scam. Is this the case with Magnetic Profit by David Silversmith? Read the full review until the end to decide for yourself whether you can trust it.

Is MagneticProfit a Scam?

David Silversmith used to be something like an investigating reporter. His career in Forex trading began when he covered a big scam scandal with a popular brokerage that did not pay the profits to its clients. That is how he entered the industry.

He spent years investigating and reviewing the tools on the market and claims to have become one of the most famous and reliable Forex bloggers. Mr. Silversmith used to work as an affiliate, claiming he is one of the world’s top experts in Forex and CFD trading. But when we searched for David Silversmith on the Internet, we could not find a Forex blogger like that. This was the first sign that something was not right.

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What is Magnetic Profit?

MagneticProfit is a Forex software that trades manually and automatically. We are given very vague information on how it works. It throws some kind of a magnet, which is said to be a false buy order. It collects all the meta-data from the market and in this way, predicts what is going to happen in the market in the next couple of minutes. Magnetic Profit is said to have very high accuracy, but we are not give indication of its level. We suspect that the claim of high winning rates is empty, because Magnetic Profit system has not been proven to work.

What Does Magnetic Profit Offer?

The Forex robot is said to be able to make $1,333 per hour. Even though this is not so far-fetched, it is still a number that is hard to achieve even by the best trading bots in the industry. These profits have not been confirmed and we think they are fake.

How to Get Started?

MagneticProfit is compatible with hand-picked broker, but from what we saw, the reputation of the brokerage is not as good as Mr. Silversmith claims. In order to get started, you have to make an initial deposit of $250. The subscription for the Magnetic Profit Forex trading software is free. According to David Silversmith, when you enter the members area, you will be connected by your personal account manager and trading guide but we find this hard to believe as well.


To Sum It Up

Our investigation proved that Magnetic Profit automated trader is very likely to be a scam. The offer is said to be available only to 138 people, but there are many more reports and testimonials that prove this to be a lie.

Also, Mr. Silversmith promises he would give $50,000 out of his own pocket to anyone who does not profit from Magnetic Profit. Beware, this is a lure-tactic that might tempt you into signing up. And after your deposit is gone without a trace, there will be no refunds or the promised $50,000. Opt for a Forex robot that has been approved and has made a much more sensible explanation on how it works and what it can offer.


high_risk_stamp_top10_BRAfter making a detailed investigation our team came to the conclusion that there are better Forex to trade with than Magnetic Profit System. We cannot confirm whether Magnetic Profit System is a scam robot or not, but upon investigating we found a lot of traders’ comments and complaints about the performance of this Forex robot and we don’t have confirmation that it can achieve the profits advertised via email.

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