The Money Machine System – An In-Depth Review

The Money Machine System is a new forex trading software that promises high and consistent profits for users through automated trading. In this comprehensive review, we will analyze if the software delivers on its promises or is just another scam.

Money Machine System

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Overview of The Money Machine System

The Money Machine System is marketed as an easy way for beginners to profit from forex trading without any prior experience or knowledge. It uses an automated trading algorithm that analyzes the markets and places profitable trades on behalf of the user.

Key features include:

  • Fully automated trading system requiring no manual intervention
  • Compatible with MetaTrader 4 trading platform
  • Algorithm developed by experienced forex traders
  • Requires a minimum deposit of $250 to start trading
  • Provides customer support via email and live chat

The sales page states that users can make over $5,000 per week with little effort. However, as we analyze the software in detail, we will determine if these claims hold true.

Working of The Software

According to the information provided, The Money Machine System scans the markets for profitable trading opportunities 24 hours a day using its proprietary algorithm. When an opportunity is detected, the software will automatically place the trade on behalf of the user.

The algorithm has supposedly been developed by a team of experienced traders and is optimized to maximize profits while minimizing risk and drawdowns. It takes into account technical indicators, chart patterns, market sentiment and more to find high-probability setups across all major currency pairs.

Once installed and configured, the automated trading system runs in the background without requiring any manual intervention. So in theory, profits can be made passively without the user having to analyze charts or place any trades themselves.

Trade sizes and risk management

The Money Machine System allows users to choose between three levels of risk – Conservative, Moderate and Aggressive. The software will adjust position sizing and other risk parameters accordingly.

We could not find specific details on how it controls risk per trade. There is no clear information on the website regarding maximum drawdowns or measures to limit losses during losing streaks.

Performance metrics

The sales page shows impressive metrics like $5,000+ weekly profits and 95% win rates. However, there is no verified trading history or account statements provided to substantiate these claims.

Without any transparency or documented proof, it’s difficult to assess the reliability of the advertised performance.

Signing Up For The Service

Account creation

Getting started with The Money Machine System involves filling out a registration form with your name, email address and phone number. There is no requirement to provide any ID or proof of identity.

After registering, you are directed to fund your trading account with the minimum deposit amount of $250. The software is compatible only with forex brokers that offer MetaTrader 4 platform.

Membership fee

Use of the automated trading system carries a monthly subscription fee of $149 according to the sales page. There is no free trial advertised before having to pay the monthly charges.

The website states there are no other hidden costs involved but since the software uses a forex broker to place trades, any trading commissions, spreads or overnight financing charges will be applicable based on broker policies.

Cancellation and refunds

The Money Machine System does not expressly provide an option to cancel membership or eligibility for refunds. This lack of a clear cancellation and refund policy is concerning since users are required to pay a monthly fee to use the software.

Without a satisfaction guarantee or trial period, users could end up locked into monthly payments for an underperforming system without any exit option.

Credibility of the Money Machine System

To determine if The Money Machine System is legitimate software or just another scam, we need to verify the credibility of the system based on various aspects.

Founders and company information

There are no names of any founders, developers or owners mentioned on the website. No company registration details or address is provided either.

This complete lack of transparency about the company and people behind the software raises credibility concerns. Without being able to research the reputation of the company and key personnel, it’s risky to invest money and trust the system.

Advertising claims

Many statements made on the sales page about profit potential and ease of use are exaggerated. Statements like earning over $5,000 per week or that the system requires only minutes of setup time are unrealistic.

Since there is no documented proof that the advertised claims have been achieved, they appear to be typical marketing hype and embellishments.

Customer reviews

User testimonials with impressive income figures are featured prominently on the website. However, there are no last names or account statements provided to validate the claims made by these reviewers.

In the absence of verifiable user reviews, the credibility of the testimonials shown on the website is questionable.

External research

Searches on independent consumer review websites and online forums yield no results for The Money Machine System. There are no positive or negative reviews from actual users available, indicating it likely to be a new and unproven system.

Without any impartial third-party verification or real customer experiences available, users are taking a risk on unsubstantiated claims and marketing material when joining this service.

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Money Machine System Pros and Cons

Based on our analysis of various aspects of The Money Machine System, here is a summary of some of the main pros and cons:

Pros

  • Fully automated trading system requiring no specialized forex trading knowledge
  • Algorithm developed by a team of supposed experts to analyze charts and find profitable trades
  • Compatible with a mainstream trading platform in MetaTrader 4
  • $250 minimum account size makes it affordable to start

Cons

  • Founders remain anonymous raising credibility concerns
  • No verifiable proof of advertised profit potential
  • Monthly subscription fee of $149 seems excessive given unproven performance
  • No option to test the software before paying monthly charges
  • Vague risk management parameters
  • Lack of cancellation and refund policy

So in summary, while an automated trading system appears useful on paper for beginners, many aspects of The Money Machine System specifically raise red flags and credibility issues.

Conclusion – Tread Carefully With This One

The Money Machine System markets itself as a done-for-you automated trading software that can generate thousands per week in profits with little effort. However, lack of transparency and proof around many key aspects makes it a high risk proposition.

Founders remain anonymous, advertised claims are unrealistic and there are no verifiable customer reviews available. The monthly fee also seems excessive given the unproven nature of the performance promises.

In conclusion, The Money Machine System raises several credibility concerns and red flags as highlighted in detail in this review. Tread carefully and evaluate all pros and cons before risking any money on this automated trading software.

Author: Dominic Walsh
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I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Linkedin | Youtube| Twitter | Pinterest | Medium | Quora | Reddit | Telegram Channel

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