What Is Online Wealth Market (The Full Review 2021)

What Is Online Wealth Market (The Full Review 2021)

I hate that our niche has a lot of scams.

Companies appeal and close for short income.

Is it about Online Wealth Markets System?

Let’s dive in.

Ted Capwell

Content

I always have the main goal in mind – help and support others.

It covers the most essential aspect of avoiding scams.

I can’t tell for sure that Online Wealth Market was a scam or not.

The reality is that this website doesn’t exist.

You can buy it on Godaddy for $279.

You can buy it on Godaddy

I checked out the history on Ahrefs.

History on Ahrefs

Website lost ranking positions in January 2018.

But the website disappeared even before that.

The last visible version was on 01 June 2015.

The last visible version

Before cooperating with any broker, check out as maximum as possible.

Read online reviews and analyze history, before investing.

If you’re still interested in the review about this company in the past, then keep reading.

Attention. Attention. Attention. 

The review was written in 2015 and submitted for history.

Online Wealth Markets seemed to promise everything you want.

But were those promises true or false? Was Online Wealth Markets a scam?

Read all these questions in this review.

So buckle up this was going to be a fun ride!

The first impression

The first impression

Before digging deeper, I want to let you know my first impression of the company.

Good webpage

There were many promises – be successful, ready to begin, discover the information.

Advertisements highlighted mentioning on Forbes and Entrepreneur.

So far, this has seemed like way too much danger for something I didn’t grasp.

Another factor that made me suspicious was the fact that there were so many contradictory statements:

– “Most brokers do not want to help beginners and require a small fortune to open your account”

– “We’ll teach you how to get started quickly and affordably”

– “Online Wealth Markets works closely with our carefully selected, high-quality brokers.”

My head was spinning with a lot more questions than answers as a result of this.

Why were these brokers going to reveal their information?

Your head would wobble around and say to you out loud, “Take a good look at it before investing your money”.

So, I did what my brain was telling me. And that’s how I dived deeper into Online Wealth Markets.

What were Online Wealth Markets?

What were Online Wealth Markets?

Although Online Wealth Markets situates in the United Kingdom, the website claimed that you can use the software anywhere in the world.

The firm claimed to have experienced trading specialists who can teach you all you need to know about the method, how it works, and how to profitably trade.

Please don’t get the notion that Online Wealth Markets was a broker in any way, shape, or form.

Instead, they provided an online trading school and trading signal software.

The training and the software had to function with one of the firm’s authorized brokers; the company even assigned you a trading broker.

You also received the required information on setting up your new account and access to customer assistance if you had any issues.

They used words like “working from home” and “no prior experience required” to sell their products.

Online Wealth Markets, on the other hand, was nothing more than binary trading software.

Hence, it was referred to as the Online Wealth Markets App.

What did they offer?

OWM offered binary trading classes, trading signal software, and the necessary information to use the software and app.

The sign-up process was straightforward, and the software was simple to browse and use.

The application itself didn’t require any downloads.

The software was compatible with nearly all Windows PCs, Apple computers, tablets, and smartphones.

There was a list of requirements to use this software.

Member’s area

In this app section, users could find step-by-step instructions, training resources, and video training sessions.

Specialized trading software

The software included everything for the start.

Personal coaching

Immediately after enrolling, you had the opportunity to speak with a professional trade coach over the phone.

They helped when things became difficult.

Every user who used the app was assigned their broker, who was regulated.

The broker assisted in making any decisions and helped to go through all of the alternatives.

According to the website, users didn’t need any prior expertise with binary trading to sign up.

The software acted as the instructor, teaching how to trade binary options.

To earn money, the company provided trade tips, tactics, and strategies.

What was binary software anyway?

Because I knew that many people were unfamiliar with binary trading software, there was a quick rundown.

Binary options trading was a very basic kind of trading that was becoming increasingly popular because it appears to be so straightforward. (It’s never simple to make money.)

Here’s why I liked to compare binary options trading software to gambling: Binary options trading software predicts the market

The program, for example, “guessed” that the price of oil is going to climb in the following few minutes.

If the oil price didn’t climb during that time, users won a percentage of a stake.

On the other hand, users lost everything if the program was unfitting.

Did you see why I was comparing it to gambling now?

For such a short period, no one can anticipate the market.

How did Online Wealth Markets work?

How did Online Wealth Markets work?

Online Wealth Markets was claimed as free software just like any other binary options program.

Was this correct?

No, it was not.

After opening a free account, you needed to pick a binary options trading broker and made your initial deposit of at least $250 to begin trading binary options.

By the way, you could obtain trial access to training videos and PDF manuals for about $8.

Unfortunately, this procedure involved several significant difficulties because many brokers were lack a license and didn’t adhere to rules.

Second, as previously said, the program was free, but you spent real money to begin trading.

Third, after you put money into a binary options program, you couldn’t be able to get it back since the money you put into it was non-refundable.

The proprietor of this platform received a commission every time you deposited money into your account, but your profit was not assured.

Furthermore, many customers who invested in binary options programs said they couldn’t withdraw their funds (profit).

Scam?

Keep reading.

OWM red flags

OWM red flags

Now that you know how Online Wealth Markets worked, let’s proved how that was shady software.

When I did some research, I found a lot of red flags.

Therefore, there were some of the things I noticed:

Get-rich-quick

This scheme promised immediate income, but anyone with even a little experience generating money online knows that this was the first red sign to observe.

Online Wealth Markets display huge mansions, expensive vehicles, and other things to persuade you that all of this was achievable if you join their system.

Online wealth markets display

When I encountered such features in the software, I instantly suspected that something was wrong.

The interface said it all.

The website followed the same layout used by most low-cost frauds.

In addition, there were always some logos of well-known firms at the top of the page.

Apple, Nike, Google, Coca-Cola, Amazon, and Facebook were the companies in this lawsuit.

That was not very sensible.

These logos were used in scams like this to deceive you.

They wanted you to believe that their website/software was a well-known application used by large corporations.

Unfortunately, these logos weren’t clickable and inaccurate.

For example, the other websites of Online Wealth Markets (yes, they did have other websites) had a little different design than the main website, but they also had the same cheap style as other scam websites.

This layout had been used in a lot of frauds.

Too good to be true

On the website, there was also a lot of information about the application.

The software was the primary instructor.

When I went down to the frequently asked questions, I saw a broker who could assist me.

Still, I couldn’t understand why someone with this money would provide trade secrets to a complete noob like me.

It further claimed that persons with experience in this sector might use this application.

I was hoping that this technology would be the answer to my financial troubles.

The suggested starting sum of $250 sounded considerably more than I wanted to invest, but it appeared to be something I could accomplish.

I chose to view the video to learn more.

However, after clicking on the video, my curiosity waned from “this might work” to a nagging worry about whether or not I should submit my credit card information.

Raising further eyebrows

The first thing I noticed was that the video on the website had a different URL.

The video and the information appeared to be discussing two separate topics.

The individual in the video did not mention binary options or Wall Street, only campaigns and a method for generating money.

According to the website, $250 is the minimum deposit to begin trading.

However, someone in the video claimed that you may use this system for free.

I saw the words “free trial then future payment option of $47/month” in a sign-up window just below the video.

Is that deducted from the $250, or was it in place of it?

My interest and passion had plummeted even again.

But, as I continued to listen, I became more aware of the enormous sums of money I might make.

Unfortunately, what I saw appeared like a basic excel spreadsheet, and it didn’t persuade me that these figures were anything more than a sales tool for MLM.

Membership lure

They informed you that a trial of Online Wealth Markets cost you approximately $5, so you could see for yourself that this was a legitimate product.

“Well, it was only about $5!”

So, what’s to stop you?

I’m going to give it a shot.”

However, this was just what the company expected.

They aimed to get you to join their club, and once you were there, they encouraged you to buy additional things.

What happened when you paid the $5 trial membership fee.

In addition, the platform demonstrated why its binary options trading system was so effective and how you migh profit from it.

You learned false information that this software had an over 80% success record and that even if you lost once, you won back your money numerous times, so you can’t truly lose.

But, of course, all of this was a ploy.

They simply told that you may deposit approximately $250 with the Online Wealth Markets’ recommended broker.

Yes, you read that correctly; the $5 trial was only a ruse; you have to spend about $255 for the entire system if you want to get started.

After you have deposited the $250, the system was good for about a week without success.

Users lost all of their money.

Fake coaching call

A 1-on-1 coaching call was part of the Online Wealth Markets trial.

As a result, if users wish to join Online Wealth Markets, they also provide their phone numbers.

A coaching call could appeal to many individuals who only want assistance and want someone to show them how to generate money online.

Sorry to say, but they didn’t train during such calls.

In reality, slick marketers who tried to offer you unnecessary items.

Was Online Wealth Markets a scam?

Was Online Wealth Markets a scam?

By offering a trial subscription, this service didn’t make a lot of money.

In reality, they profit from sending many clients to their partner brokers, which Online Wealth Markets would recommend to you.

You will not profit

They received a commission every time you trade with the Online Wealth Markets app.

Such trading software had an extremely poor success record, and as you could see from the red flags mentioned above, many people lost all of their money because they trusted Online Wealth Markets.

Was it a ruse?

It most certainly was, in my opinion.

They promised to show you how to generate money quickly and easily and that you didn’t need any prior expertise.

No one warned you about the dangers of binary trading software.

Therefore, I would never advise anyone to invest in Online Wealth Markets.

Conclusion

If you are reading this, you’re most likely interested in systems that claim to help you earn money from home.

However, perhaps you have already observed that the majority of applications that make such promises are rip-offs.

I believe that after reading my evaluation of Online Wealth Markets, it was apparent that while binary options are not a fraud, I cannot endorse Online Wealth Markets.

You should not rely on chance while utilizing binary trading software if you truly want to make money online.