The Wealth Matrix
The Wealth Matrix is a familiar looking website. It has a title, a logo, a language selection, an about us page and a contact page, oh and it has a registration form next to an image, without explaining anything as to what it does or what it is. The message is pretty simple - we want your contact details!
What is the Wealth Matrix?
Excellent question. What is this site that has asked us to register without even explaining itself? Well let's have a look at what it claims, and then work out if those claims are likely to be realistic, or even true at all.
Well, as with every website, we shall start with the small print:
We work with multiple third parties and may transfer your personal details to other third parties, including nonaffiliated business partners in the cryptocurrency field, and transfer or disclose your personal details for their business or commercial purposes. These third parties may use this information to contact you or to carry out their own business and commercial purposes .There are several options that the trader can use – by software, by human brokers, or by himself/herself and it's the trader’s responsibility to choose and decide what is the right way for him/her to trade.
So this is explaining to the reader that what they are advertising is not necessarily what you are being sold. They are selling your details to other parties who may decide to sell you any type of brokering or trading product that they wish. They are explaining that you will wind up being sold a product that will make the seller as much money as possible without any concern for yourself. It is up to the reader to decide if it is a good buy.
In other words, there is no such thing as the Wealth Matrix, it is just an advert.
Important Risk Note:
Trading can generate notable benefits; however, it also involves a risk of partial/full funds loss and should be considered by initial investors. Around 70 percent of the investors will lose money.
#Wealth Matrix and any other commercial names used on the site are for commercial purposes only, and do not refer to any specific company nor specific services providers.
The video is for commercial presentation and illustration purposes only, and all participants are actors.
Carefully read the terms & conditions and disclaimer page of the third-party investor platform before investing. users must be cognizant of their individual capital gain tax liability in their country of residence. It is against the law to solicit United States persons to buy and sell commodity options, even if they are called ‘prediction' contracts unless they are listed for trading and traded on a CFTC-registered exchange or unless legally exempt.
So this is a message explaining that 70% of CFD traders lose money with these products and that means that the likleyhood is that you will too. In other words, this is a product that should not be sold to the novice trader, even though that is exactly what they are doing.
So What is the Wealth Matrix Really?
It is a fantasy. It is a scam. It is an idea of a product that trades perfectly on your behalf that make you money without a need to study or read or even have any luck. It is the dream of a machine that uses the latest technology to predict the stock market without error. Whether it could have used AI and quantum computing or if it could have been just a clever piece of coding is irrelevant. It is the dream of a magic system that just makes money in your back room without need of interference. In other words, it is a scam.
So What is this Wealth Matrix Scam?
It is a confidence trick, the same as every other street scammer or confidence trickster you will ever meet. It is a way of inflating your confidence in something that is not real. A way of misdirecting you so as to take your attention away from the truth. It is a way of defrauding you.
The scam itself is very simple, once they have believing their fantasy they get you to invest and tell they tell you that you will make money on high-risk CFD trading, even though you never could. Once they have your deposit, they give you some sort of trading interface that may be real, but is usually fake. They let you think that you are making money so that you invest more, and once they are sure you have no more to invest, they disappear. The phone numbers stop working, the website disappears, and your money is gone forever.
Even if you could ever find them, they can say they are a CFD broker and that you lost your money, just as most people do. They can just say that you didn't read the small print.
Who could arrest them anyway. They are not registered in your country and don't even claim to reside there. That is the one pleasing thing about this site, it does show why we have seen less traffic recently, the scammers have been knocked back a step or two by the FCA, who have finally realised what is happening, after the lockdown mass-robbery of the British public by all of these scammers:
The Financial Conduct Authority (‘FCA’) has issued a policy statement PS20/10, which prohibits the sale, promotion, and distribution of CFD on Crypto assets. It is prohibiting the dissemination of marketing materials relating to distribution of CFDs and other financial products based on Cryptocurrencies and which are addressed to UK residents
This finally brings the UK in line with Israel, the US and Canada is these sites being illegal and subject to prosecution unless they refuse to do business in those countries. We can see clearly here that this site has an English language option with a US flag next to it, which might indicate that the only action they will take is to add that statement to the bottom of the website and then make it the responsibility of the reader to know the rules.
Whatever their plan, we suspect that they will just stop using CFDs as their method of defrauding people and move on to spread-betting or some other legal cover to hide behind. Many of the cases we investigate have nothing to do with CFDs in reality, they are just the explanation they use as to why no one ever gets their money back. Crypto-currency trading may be another way to cover themselves, or perhaps speculating in some other way with a massive leverage.
Either way - the fact that they are promising a product with free money involved always means it is a scam.
VERDICT: THE WEALTH MATRIX IS A SCAM !!!