Lately there has been a surge of trading programs that say that you can take advantage of the legalization of cannabis in several countries and make money in investing in companies in this sector.
The latest programs of this type are Weed Profit System, Cannabis Millionaire and Cannabis Trader. They say that you need to invest just a little to make big profits and become rich. What is their true nature?
Cannabis Trader, Cannabis Millionaire and Weed Profit System are scams
Generally speaking, it is forbidden to advertise financial investing as easy, sure, with no risk and so on. So, this is the first problem of these program, they portray investing in cannabis companies as a sure thing that will make you money.
In fact, Cannabis Trader, Cannabis Millionaire and Weed Profit System are illegal in most countries because they offer trading systems without the necessary authorization, they are not regulated.
Not even trading weed
The thing that makes Cannabis Trader, Cannabis Millionaire and Weed Profit System total scams is that they will make you sign up and trade with CFD brokers that won’t allow you to invest in stocks of companies that deal with cannabis.
You can see the proof on our picture with Cannabis Trader. The platform shows that you have to trade with the shady broker PrestigeFM, but this broker offers no cannabis stocks! Everything in the trading platform is fake and made to make you lose money!
Investing is never easy
You can check the Yahoo Finance watchlist of cannabis stocks and you will see that in the past year they lost almost 10%.
So even if Cannabis Trader, Cannabis Millionaire and Weed Profit System let you invest in these stocks, you would be far from sure to make money.
How it really works
Cannabis Trader, Cannabis Millionaire and Weed Profit System work like hundreds of investment scams that we already reviewed.
When you sign up, they will open a trading account on your behalf with a CFD broker that you won’t be allowed to choose and that will be unregulated. Then they will push you to deposit money with this broker.
Once you deposit, they will trade your account to zero and that will be it.
Cannabis Trader, Cannabis Millionaire and Weed Profit System are scams that won’t make you any money, stay away from them!
To make money in financial trading, you have to learn, test and build a proper strategy. You can try it on a free demo with a regulated broker.
Remember that in trading you can make, but also lose money, so be careful.