The Profit From Home System found at pfhsystem.com features Laura Smith, who talks about her experience of getting rich from home, and how you can do the same. Don’t fall into the trap, as The Profit From Home System is a scam. Read our in-depth PFHSystem review before you deposit money and cause yourself a financial headache!
Name: The Profit From Home System
Price: $250 min. deposit
Recommended? Not Recommended
The Profit From Home System Review
PFHSystem is a scam
The Profit From Home System (also known as PFHSystem) developed by the alleged owner Richard is a blatant scam that gives irresponsible and extremely hyped up promises as soon as you enter their sales page.
First off, you are greeted by the professional-looking lady who calls herself Laura Smith. She explains that she’s making a lot of money online using a fully automated software developed by her childhood friend Richard, and he’s giving away the software for free.
You can be the next lucky person to grab a copy, and you don’t even have to use your credit card.
Unfortunately, none of what she said is true. PFHSystem is not free, and you will lose money with this scam. Let’s discover the ugly truths behind PFHSystem scam.
Is Laura Smith Telling the Truth?
Laura Smith’s real name is Leanna, and she’s a Fiverr actress
Compare this image to the first image of this review. This is the very same lady who claims that she’s making a fortune using The Profit From Home System / PFHSystem.
However, her real identity is actually Leanna, a Fiverr actress. You can view her Fiverr profile here, and she made money by recording this fake testimonial for PFHSystem scam. It’s called buying a testimonial.
Fiverr actors and actresses offer their services by reading the scripts of their clients like real testimonials.
I’ve attached the gig description of this particular Fiverr actress here. You can see that she’s offering to read off scripts given by her client.
A fake testimonial can generally be bought at Fiverr.com for as low as $5. I do not condone or condemn the act of buying and selling fake testimonials, but I want you to be aware of this – that fake testimonials can easily be bought online.
If The Profit From Home System / PFHSystem is really as good as advertised, why would they need to hire an actress and fake the testimonial? There’s only one reason – because the scammers are out to get your money, but the software doesn’t work as advertised at all.
So the next time you come across internet opportunities that sound too good to be true, such as PFHSystem, stay vigilant and do some research. They are most likely scams.
We have several more conclusive evidence to prove that PFHSystem is a scam, but let’s leave it to the later part of this review. Now let’s talk about binary trading for a moment.
What is Binary Trading?
Since this is a binary trading software scam, I feel the need to explain how binary trading works to make sure everyone is on the same page. If you already know how it works, you may skip ahead to the next segment.
Binary options is basically trading stripped down to its simplest form, and it is gaining popularity in recent years due to its simplicity. You only have to guess if the price of an asset will rise or fall after a short period of time, usually between 30 seconds to minutes.
There can only be 2 outcomes – either you are right, or you are wrong (hence the name binary options).
This is how it works – let’s say I think that the price of gold market (or any other tradable markets) will fall after 60 seconds, and I bet $50 on a 1-minute contract. When the time is up, and the price is indeed lower, I win a certain percentage of what I bet, usually between 60% to 80% (between $30 to $40). But if I’m wrong, I lose the entire $50 that I bet.
In practice, trading binary options is not that different from gambling. There’s no way to predict the market movement in such a short period of time. Each trade you make is just like trying to guess the outcome of a coin toss – your chance of winning is not better than 50%.
Even if you manage a 50% win rate, you’ll still lose money due to the uneven winning vs losing payout of binary options. Did you realize that you are risking $50 to potentially win $30-$40? The system is working against you, and this is why the vast majority of binary options traders lose money.
We do not recommend binary options if you want to generate serious income from the internet. It’s one of the worst possible ways to make money online. There are simply better alternatives out there that are much more promising than trying to gamble your way to wealth.
How Does PFHSystem Work?
PFHSystem claims to profit for you automatically
The Profit From Home System / PFHSystem is an automated binary trading software. It trades binary options for you automatically.
Which means, you can activate the app and leave your computer alone, and it will place trades for you automatically within the binary options broker. In this case, PFHSystem promises that its secret algorithm can predict the market and win 90% of the trades for you.
Can their algorithm really predict the future? Unfortunately not. Anyone who has traded binary options and used automated trading apps (myself included) knows that there is no single algorithm that can predict the market.
Need more proofs to show that The Profit From Home System / PFHSystem is lying to you? See below.
What PFHSystem Doesn’t Want You to Know
Hidden truths behind PFHSystem
(click to enlarge)
Despite promising you a guaranteed profits generating software, The Profit From Home System / PFHSystem is saying otherwise in the risk disclaimer.
The risk disclaimer is linked by a fine print at the bottom of the sales page. If you want to verify the authenticity of the quoted terms here, you can view the full disclaimer by clicking on “Disclaimer” fine print at the very end of their homepage.
I’ve underlined the important terms in the disclaimer. You can click on the image to enlarge it, but let me spell out some critical terms here:
- Earning potential is entirely dependent on the person using our product, ideas, techniques, and the effort put forth.
- We do not purport this as a “get rich scheme”.
- Nor are we responsible for any of your actions.
- Any and all forward looking statements here or on any of our sales material are intended to express our opinion of earnings potential.
- In fact, no guarantees are made that you will achieve any results from our ideas and techniques in our material.
From these few terms, we can uncover the truth behind PFHSystem scam:
- Despite being a fully automated software, somehow the earning potential is entirely dependent on your own ideas, techniques and effort. Compare this term to what PFHSystem scam claims in their sales materials, and you’ll see how they try to escape from their irresponsible promises.
- Even though PFHSystem promises you hundreds to thousands of dollars profits per day, you shouldn’t view it as a “get rich scheme”. That’s because “get rich schemes” that promise exorbitant returns are illegal in many jurisdictions.
- PFHSystem is not responsible if you choose to use the software. You are on your own if you use the app and lose money.
- The earnings and results shown in the sales materials are intended to express the scammers’ own OPINION of PFHSystem’s earning POTENTIAL. In short, the trade results shown are not real!
- Despite boasting how PFHSystem produces profits automatically, there’s no guarantee that you will achieve any results with the software. In fact, you are most likely going to lose all your deposits.
Fact #4 alone should be enough to steer you away from the scam. How can anyone trust a software that reports fabricated earnings in their sales materials?
These terms and conditions are not here to give you a fair warning as a consumer. The sole purpose of this document is to protect the scammers from legal actions when you lose all your money trading with PFHSystem scam.
If they wanted to be honest about the risks of using the software, and the fact that all results shown are only opinions, they would’ve told you in the sales materials. Instead, they chose to present you with fake testimonials and promises.
How PFHSystem Makes Money Off You
If you decide to use PFHSystem, you need to register for a broker account through their sales page (which contains an affiliate link). The team behind PFHSystem scam will earn a sum of referral fees as soon as you make your first deposit.
You’ll be assigned to Opteck, the affiliated broker with PGHSystem. The minimum deposit with this broker is $250.
Even if you already have a trading account with Opteck, you have to register for a new one with a different email address. This is because the scammers behind PFHSystem scam cannot earn their referral fees if you don’t sign up through their affiliate link.
And what happens when you finally deposit the money and lose all of it using their automated software? You are left on your own and you cannot take any legal actions against the scammers, because it is already stated in the disclaimer that they are not responsible for your actions, and no guarantees are made to you.
Is The Profit Home System a Scam?
YES, THE PROFIT HOME SYSTEM IS A SCAM. As we’ve said in the review earlier, we don’t recommend binary options trading as a way to make money online, at all. It’s basically the same as gambling, and using an automated trading software is no different. You are essentially putting your hopes and entire investment in a piece of software that gambles on your behalf.
You are more likely to end up losing all your money than making any significant profit. If you have some cash to spare for entertainment, you may go ahead and try it out. But you’ll be better off spending it on a nice dinner with your loved ones.
If you are determined to make money online, you must use a legitimate program that will provide you proper trainings and help you build your own business. We have tried out many programs, and there is only one program we recommend to our readers:
Read Our Review of the Most Recommended Internet Business Opportunity Here.
Have you encountered any online scams before? Personally I’ve fallen for a few before coming across the legitimate one, so let us know in the comments below if you have any personal experience to share!
Thanks for explaining it
No problem, glad you find it helpful!
I have make a deposit of 250 euros, then i won 2 euros and i ask the withdraw of the money. They say to wait 3-4 business days and a call for my account manager. Despite being a scam, do you think they will withdraw the money i ask?
They’ll most likely try to persuade you to stay and they may even offer you bonus to stay, but DON’T. Your account manager is actually just a sales person.
Withdrawal will depend on the conditions. If you have accepted their bonus and required to make certain number of trades before withdrawal, then you are out of luck.
Otherwise you can insist on the withdrawal (it’s your money) and they have to withdraw your money for you.
i already fall for this scam system but i never deposit any money into that account.. its already more than 3 days after i created that account.. so how can i closed that account and will i still be charged with their service fees although i never deposit any money?
Unfortunately it’s impossible to close your account, since it’ll have to be closed from the broker’s side.
Did you receive any phone call from the broker? If you do remember to clearly refuse funding your account. You won’t be charged any fees if you haven’t done anything to the broker account.