Wealth Matrix is an AI (Artificial Intelligence) trading software claiming to be able to scan the crypto markets and to pinpoint profitable trading opportunities. It is a fully automated bot, which means that it is designed to carry out all the trading tasks for users. According to the developers, the software can generate highly accurate trading signals and execute orders via brokers that are connected to crypto exchanges.
The developers on the Wealth Matrix website explain that the software is designed to make it easy even for new traders and veteran traders to use. With the Wealth Matrix software, the developers claim that there is no need for human intervention as it only requires the users to spend roughly 15 minutes per day reviewing the signals and adjusting the automated signals when needed.
The team behind the software are unknown, which casts doubt about the legitimacy of the software. Furthermore, they are dealing with unregulated cryptocurrency and CFD brokers, which poses a risk to the traders. Wealth Matrix makes many promises of wealth, but based on the online reviews, it seems that they fail to uphold any of them. Read on and understand more about the Wealth Matrix scam and how it works.
Is Wealth Matrix a Legit Automated Software or a Scam?
The simple answer to this is that Wealth Matrix is a scam automated software. By searching for the Wealth Matrix cryptocurrency robot online, you will encounter many scam reports about it. It is evident that the software does not work as the developers state that it does.
In the first instance, Wealth Matrix works with unregulated and unregistered brokers. There are hundreds of regulated and registered forex and cryptocurrency CFD brokers in the industry and the fact that they choose to work with the unregulated ones, makes their business model very shady. In addition, this exposes its users to risk. Also, there is no partnership between the brokers and the cryptocurrency exchanges, as Wealth Matrix claims. All this highlights this is a scam and how it operates.
Secondly, many complaints are around users not allowed to withdraw their earnings, despite the platform showing users that they have earned money. It seems that Wealth Matrix is only interested in getting users to deposit the initial minimum requirement of $250 and once they have your money, you are not able to access your capital or profits.
Furthermore, there is no information regarding the developers of the software. There is no name, address, or any registration information connected to the developers of the Wealth Matrix software. This raises a huge red flag and exposes the Wealth Matrix scam.
Wealth Matrix promises users huge daily returns from trading cryptocurrencies with their software. However, the numerous reviews online from past and current users show that this is not the case. Even if you make profitable trades, the developers will run away with your money after you have made a deposit, and you will never see a dime from trading cryptocurrencies with their software.
Wealth Matrix Features
Wealth Matrix has several features that make it alluring to traders. It is these features that the developers use to attract traders to their platform and scam them of their hard-earned money.
The developers of the software claim that Wealth Matrix has an extremely high profitability rate. According to the developers, users earn up to 300% profit when they use the software. This means that depositing $250 into a Wealth Matrix account can give users a chance to earn up to $1,000 in profits per day.
Another feature of the Wealth Matrix platform is that it has a powerful user-interface. The platform is user-friendly, making it easy for novice and expert traders to navigate with zero complications.
The quick and accurate analysis of the Wealth Matrix software enables it to quickly find trading opportunities in the markets. It generates trading signals once a trading opportunity is found, giving traders the chance to make real profits.
Low Deposit Requirement
Opening an account with the software is free of charge but if you want to use the software to trade, you will need to make a minimum deposit of $250. This is a relatively affordable amount and would be acceptable if users really got a chance to trade and keep their profits. In addition, they offer a choice of payment options to ensure that they make it easy for traders to hand over their money. The Wealth Matrix scam project accepts deposits using debit cards, credit cards, and cryptocurrencies.
Despite the scam nature of the software, interestingly, Wealth Matrix offers a safe and secure platform. The developers have taken the time to put security measures in place that eliminate all cyber threats and protect the information of their users. They achieve this by using SSL Security, Norton Security, VeriSign, and McAfee Security.
Wealth Matrix claims that it uses world-class AI technology to execute trades. According to the developers, the AI ensures that the transactions are fast, efficient, and accurate. Thus, market analysis, signal generation, and entering profitable trades happen quickly and effectively with this software, according to the developers.
24/7 Customer Support
Wealth Matrix claims that its customer support team is available 24/7 to attend to the needs of their customers. However, the support team is only available when a new customer visits the site and signs up. The support team then kicks into full gear to entice the new trader to make a deposit. Once the deposit has been made, the Matrix Wealth scam starts, and the support team then disappears and is not available when a trader wants to make a withdrawal.
What Makes Wealth Matrix a Scam Automated Software?
No Registration, No Address, No Number
Following our in-depth research, we have written this review to reveal the Wealth Matrix scam. The fact is, there is no company name, address, or telephone number associated with the Wealth Matrix and its developers. Research has shown that they operate from the U.K, but there is no address or name behind the website.
Wealth Matrix is recognized by many as a scam website that attracts users by promising them excellent opportunities within the cryptocurrency space. The names of the developers are not mentioned anywhere on the website and there is no address of the company or a contact telephone number. We recommend that you do not sign up with the Wealth Matrix as they do not seem to be a legitimate site and they are merely offering a get-rich-quick scheme.
Wealth Matrix Has No Verified Track Record
In the financial space, credibility and a good track record mean a lot. Even if we are to believe the software works, there are still some concerns. There is no guarantee that this cryptocurrency robot will automatically generate profits for users. The crypto market is volatile, and the market has been in a bear cycle since the 2017 bull run, which means that most traders have lost money over the long term. With the many risks associated with online trading, it is evident that the Wealth Matrix software cannot generate profits every day, especially when the market remains uncertain due to the coronavirus pandemic affecting the global financial markets.
Wealth Matrix claims to generate over $1,000 for traders per day, but there is no means of tracking such profits. There is also no transparency in how the Wealth Matrix software operates and if it truly generates such profits. When it comes to money, it is simply not possible to have blind faith in a system that we do not know if it works or not.
No Regulatory Supervision
The clearest sign of the Wealth Matrix scam is that the software does not work with any regulated brokers. Also, the people behind the software do not fall under any regulatory oversight, which means that they can do as they wish, making promises that they cannot keep. The fact that Wealth Matrix has partnered with unregulated brokers makes their business model unreliable. Some of the brokers listed on the website are mentioned as fraudulent brokers by popular regulatory agencies around the world.
Wealth Matrix Show Fake Testimonials
The testimonials on the Wealth Matrix website are all fake. The images are stock photos obtained on the internet, and so are the names they use. The developers of the software also make up the amount earned by each trader as there is no way to track such earnings.
The Wealth Matrix scam becomes clear when users try to withdraw their funds from the platform. Wealth Matrix makes it impossible for them to withdraw their earnings after trading and making profits. The support team is not contactable when you attempt to withdraw your funds, and they might even go to the extreme and block or freeze your account to stop you from contacting them. All these are fraudulent activities, and you should stay away from Wealth Matrix and its bogus promises.
Final Thoughts About The Wealth Matrix Scam
Wealth Matrix is a scam robot trading software designed to steal money from traders by promising them daily profits when they trade cryptocurrencies with their software. Wealth Matrix has zero credibility, works with unregulated brokers, and deny users their funds after they have traded and made some profits. We highly recommend that traders stay away from Wealth Matrix and everything it has to offer.
Overall Rating: 1/10