If you are looking for a honest review on Online Wealth Markets, you have definitely come to the right place. Don’t worry, you can expect an absolute unbiased review from me because I am not one of their salesman trying to sell you this program.
If you did some research, you would have noticed that there are lots of mixed reviews going around this money making opportunity. Some people says it’s a scam while some others give a FIVE star rating.
So who is telling the truth? I have done extensive research on Online Wealth Markets and I am definitely not going to RECOMMEND you this opportunity because the likelihood of you losing money is much higher than you making. I will go into further details right below, so do take a couple of minutes to read through thoroughly.
Name: Online Wealth Markets
Price: $1.95 – $4.95, $250 minimum deposit
What Is Online Wealth Markets all about?
Alright, first of all… Let me clear the air! If you thought that Online Wealth Markets is a work from home job opportunity, you are wrong. Online Wealth Markets is not your boss nor employer, they are just a platform that claims to help you make money through trading binary options.
For the benefit of those who have zero knowledge about binary options trading, I will do a brief explanation of how it works.
Trading Binary Options is much simple compared to stocks or Forex trading. All you need to do is predict either “Call” or “Put”. When you think the price of the asset is going to rise, you choose the “Call” option. And when you think the price of the asset is going to drop, you choose the “put” options. If you ask me, it’s a 50-50 chance of winning because it can go only either way.
What Online Wealth Markets is trying to tell you is that they have a software that choose profitable trades for you. In other words, they want you to use their software and make money.
Is it going to work?
To be honest with you, I have come across tons of binary options trading software that claims to help you make trucks of cash. Unfortunately, none of them are legit… all turned out to be scams. – Check out one of my latest reviews
In fact I was once a victim of a binary options software scam myself. It was not this exact website, but it was something similar that promises me a trading win rate of over 90%. They told me that I could download the software once I deposited the funds. The truth is there isn’t any software at all.. I tried contacting the brokers and support but till today, not a SINGLE response.
I’m still frustrated with myself for believing such things. But it’s OK, I will take this as a learning experience! Ever heard of this expression “Once bitten, twice shy”? Yea, that’s totally sums up about myself…I’m just too sceptical to try anymore “shortcuts” to making money online.
So is it going to work?
I doubt so… I don’t see why this is different from any of the rest I have come across. Yes, there have a professional website BUT that doesn’t mean it’s legit. In the past it is costly to get a professional looking website, but nowadays they are nothing because it can be done by just switching around the themes.
The take away here: Don’t base the credibility of the product by just looking at the appearance.
How much is it going to Cost you?
This is the FIRST ever time I have reviewed a binary option trading software that is not FREE. Most of the time, Scam Artists use the word free to lure more customers but I can see that the creators of Online Wealth Markets have taken a slightly different approach.
They have a trial offer, which you are supposed to pay $4.95 to try their software. If you decide to exit the website, they will have a Downsell thus you only have to pay $1.95. However, do take note that eventually you will still have to deposit a minimum funds of $250 to use the system.
Frankly speaking, their checkout page is too shady. Yes they said you will never be re-billed but how can you be so sure that you wont be re-billed. – You don’t even know who is the owner in the first place, just some anonymous person
They don’t have any forms of safe transaction seals(image above) on their website to prove their credibility. Honestly, the more I look at it… the more I want to avoid it.
Who are the ones really making money?
There are three groups of people actually making money using this system BUT you are not one of them.
- The creator(s) of Online Wealth Markets
- Broker Company
Affiliates – Affiliates are the people who are actually promoting this product to you. When you do a Google search on “Online Wealth Market Review”, you will notice lots of people giving 5 stars for this software. Like I said earlier, this software isn’t really going to make you any money, than why are these guys giving 5 stars for it?
It’s simply because they will earn a hefty commission for every person that clicks through their link and deposit funds. Those guys never really tried the product nor their review is genuine, their only intention is to SUCK money from you.
The creator(s) & Broker – the creator(s) and broker always works hand in hand. All I can tell you is that they are going to earn huge pay checks from you. There are over 3 billion internet users. Lets say 1000 people actually deposited the minimum funds of $250, it adds up to $250,000.
Can you see where I am coming from? These guys are making use of our hard earned cash to fill their own pockets. No wonder every other day, there is a new binary option trading software” released in the market.
(1) Brokers cant be 100% Trusted
Online wealth Markets recommends this following Brokers, Banc De Binary, 24option and WinMarkets. The problem here is you can never really wholeheartedly trust any of them because their only intentions are to always make profits. Think about this, if the software has a high win rate, will any of the brokers dare to partner with Online Wealth Markets. Obviously they are not stupid enough to “dig their own grave” and give a free money to all the members. So what it means is, this software doesn’t have a winning formula.
Anyway coming back to the point, I did some research on some of these brokers and the outcome wasn’t that good. There are handful of complaints from members saying they lost all their money, unable to withdraw and etc.
I have also seen comments that some people have gotten paid. But are you sure you want to take the risk and see whether you are not scammed. Most of the sites actually turn off their comment section because they are afraid people like us go onto their website and start complaining. Try to avoid websites like those because most of the time their reviews are not genuine, only for promotional purposes.
(2) 1 on 1
Coaching Selling Call
When you leave down your contact number in the registration page, you can expect to get a call from the broker company. This is NOT a coaching call, they are just professionals who are working for the broker. They will contact you and try persuade you to deposit the minimum funds of $250. They will probably tell you something like, they have a 100% bonus offer going on, so if you deposit $1000 you will make $1000. Basically they will try to encourage you deposit as much as possible.
Don’t get fooled by all these nonsense because I have already heard all of these B.S. in the past!
(3) Fake Limited spaces
“Hurry! Limited Places, Simply Fill out the form to reserve your spot! Space is limited”
Don’t fall for this trick because its part of their marketing tactics. They just use such tricks to create an impression on their visitors “register now, or you will lose this one-off money making opportunity”.
Don’t believe me, you can come back one week, one month or even months later and you will still be able to access the site provided they are not taken down for scamming.
(4) Downselling tactics
I am never a big fan of Downsells because it makes me wonder, why are they so desperate to make you sign up even if its just a dollar or two. Online Wealth Markets really want you to try out their $1.95 trial offer but I am not sure why. I believe there is a MOTIVE behind this but not exactly sure what – Probably hidden clauses(Be careful)
If I were you, I will stay away from this…
(5) No Guarantee you will make money
If you look carefully there are lots of hints around their website. ” Trading in binary options carries a high level of risk and can result in the loss of all your investment”. “This product does not guarantee income or success”
If you ask me, trading binary options is NO different from gambling because both involves RISKS and doesn’t guarantee that you will make money. This is not a legitimate fulltime work from home job opportunity!
My Final thoughts…
You are not going to save up any wealth with ‘Online Wealth Machine”, in fact you are going to lose some of the wealth you already have if you are not careful.
In conclusion, I will recommend you to stay far away from Online Wealth Machine or any other binary option trading software. Success in making money online comes with effort, time, dedication and many other factors. Those that offer you automated or push button success are obviously lying.
If you are looking for a legit work from home opportunity, you should consider starting your own online business(ZERO capital to start with). Interested to find out more? Take a look at my #1 Recommended Program!
Alright guys, I have come to the end of my review on Online Wealth Markets. I hope you guys really benefited from this review going forward and who knows, maybe even saved you a couple hundreds of bucks. Please do leave down your thoughts about this opportunity, I would really love to hear what do you guys think 🙂