In this Smart Money System review we'll answer the question:
Is Smart Money System a scam?
(Spoiler alert: Yes it is!)
With so many cryptocurrency scams out there promising outlandish returns on your investment it's hard to know what's real and what's not.
If you've been tempted to pay a deposit and start investing with these guys, please do read this review to the very end because I really think it's going to open your eyes to how these scams really work so you can know what to look out for in the future.
Smart Money System Review At A Glance
About: Smart Money System is a Forex trading platform claiming to have developed software that can take advantage of economic bubbles.
Price: $250 minimum deposit.
Cons: Fake scarcity, fake social proof and the legal disclaimer completely contradicts the hype.
Verdict: Smart Money System is a deceptive scam relying on some “magic software” to make money. Steer clear.
What Is The Smart Money System?
Land on any of the many Smart Money System websites and you'll see the same video of these guys claiming they've developed trading software that can exploit economic bubbles and guarantee you make a fortune even when the bubble bursts.
We're told this software uses complex algorithms to predict shifts in the value of cryptocurrencies and gives you trading signal alerts which have been ‘proven' by someone calling themselves an expert.
How do you take advantage of this irresistible offer to start raking in the profits?
Give them your name, phone number and email address, deposit a minimum $250 with their recommended broker and wait for your expert coaching call.
How The Smart Money System Really Works
Like Push Button System, MWR Financial and Cambridge Method, the only purpose of Smart Money System is to convince you to deposit as much money as possible with one of their unregulated and unlicensed offshore brokers.
In my case, I was sent to GCCBrokers, but the scam works in the same way whatever broker site you're sent to…
They tell you to activate your account and wait for a call from a ‘Smart Money Coach' who will walk you through how to make your first profit online.
In reality, these money coaches are nothing more than glorified sales agents based in eastern Europe who are trained to extract as much money out of you as they can.
They'll tell you to increase your profits by investing way more than $250. People who have succumbed to this scam have reported losing anywhere between $10,000 and $100,000 (yes really!) with these online con artists.
At no point will you ever see evidence of how the magical trading software works or any training on how to trade.
4 HUGE Smart Money System Red Flags!
1. Smart Money System Is Fake News
I've been able to find two Smart Money System websites so far but I'm sure there are dozens more out there.
SmartMoney-System.com and SmartMoneySystem.co are identical in every way. Both sites have:
Fake Ass Scarcity Tactics
Look at the top left of the website and you'll see there are supposedly 2,000-4,000 people on the website at any time… except this is a computer-generated number that stays the same regardless of what time of day or night you visit the site.
Fake Ass Social Proof
Another sign you should trust nothing on this site is the fake Facebook testimonials found at the bottom of the page.
You're expected to believe these are real success stories from real members, but try liking, commenting or viewing their profiles and you can't.
These are nothing more than fake status updates that rotate every 24 hours designed to fool you into thinking this is legit.
2. Where's This Stock Market Cracking Software Then?
Seriously, where's the complex algorithm that guarantees you'll always come out on top? I don't see it anywhere.
We're told the software was designed to identify trading signals but at no point are we ever given a real explanation or real proof as to how it works.
Any legit trading platform would show you their track record on wins and losses; they'd be a history you could look at. With Smart Money System we're told to blindly hand over $250 to one of their recommended brokers.
3. The Disclaimer Contradicts The Sales Spiel
Whenever I'm reviewing a potential income opportunity I find it's always a good idea to check the fine print. In this case, Smart Money System's disclaimer completely contradicts the sales video and bold income claims.
They say everything you see and hear on the site is “for educational purposes only” and they make no claims of income or success.
4. Offshore Brokers Are NOT To Be Trusted
This is the biggest red flag of all.
When I created my account I was redirected to GCC brokers. I could tell immediately these offshore brokers are completely unregulated and untrustworthy…
First off, the website is unsecure, meaning any credit card info you give them could be used by fraudsters and hackers.
Secondly, the GCC Brokers site says they're registered in ‘Honk Kong' (no, that's not a typo!) meaning they're completely unregulated and you have no legal way of getting a penny of your money back.
Let me be clear as possible as I can:
Deposit money with these so-called brokers and you will never see it again!
More Smart Money System Reviews
It's absolutely heartbreaking to read reviews from people who have been duped into investing with Smart Money System and their partner in crime, GCC Brokers.
Again and again, it's a similar story – they sign up, then pushed into making a deposit and harassed until they deposit even more, but come withdrawing time things change very quickly.
This review shows just how pushy these salespeople are and how manipulative and deceptive this scam really is. You may see your balance go up as a way to entice you to make additional deposits:
Here's a clear example of how you'll be harassed with sales calls from your ‘money coach' pushing you to invest more and more:
This next review acts as a stark reminder of why I set up this blog in the first place; to help people from falling victim to scams like this.
This is from a pensioner who lost £21,000 ($27,000) and wiped out their life savings:
This makes for very depressing reading but there is some good news. This smart person scammed the scammer and managed to convince them to return his £5,000 deposit! Good for you mate! 🙂
Is the Smart Money System A Scam?
I sincerely hope I've done enough to convince you that the Smart Money System is a total scam and under no circumstances should you deposit any money with them.
There are so many forex trading scams around now, all claiming to have created some kind of magical algorithm that can guarantee profits but no such software exists.
As you've seen, Smart Money System is nothing more than a deceptive sales page designed to persuade you into making a deposit with one of their unregulated brokers so the site owner (whoever he is) can take his cut.
Thankfully, know you've seen this review you don't have to fall victim to this scam and you can keep your money in your account where it belongs.
How I Make Money Online
There was a time when I fell for at least a dozen scams and lost $1000's as a result…
But still I never gave up looking for real ways to make money online.
My breakthrough came when I eventually realised there's no such thing as a magic money-making system or automated push-button software to make me rich quick.
The best way to become financially free is to build a legitimate online business.
I don’t gamble my financial future on the stock market or recruit people into pyramid schemes. I make a full-time income through affiliate marketing.
I make $7,000+ every single month because I followed this step-by-step formula.
If you are serious about building a strong financial future for yourself and you're ready to hustle to make your goals come true then follow the exact same beginner's training course I did and make a real difference to your account balance.
The best part?
You can get started for free.
I mean it, no credit card details required so put your wallet away!
Simon Crowe is the founder and editor of The Make Money Online Blog on a mission to help as many people as possible kiss their bosses goodbye.
Watch this video here to discover how to smash your online income goals and make your dream business a reality.
2 thoughts on “Is Smart Money System A Scam? Another Crypto Scheme Exposed!”
There are tons of Crypto Currency platforms in the market nowadays and it is really hard to find out if they are scam or legit. I am glad that I found this article about Smart Money. After reading this article I know that this is not a recommended platform.
Thank you so much for the heads up.
That’s true. I’ve actually yet to come across a legiot forex trading platform but I know they must be some out there. All I know is Smart Money System is not the one, honestly those eastern European based brokers are just robbing people in broad daylight!