The Medallionaire App Trading Fund is one of those systems that get you really excited when you see their site the first time. But is it for real, or just another Binary Options scam? Read on to see what we've found.
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Medallionaire App Trading Fund Review Summary
- Annoying Browser Pop-Ups: Yes
- Fake Scarcity Counter: Yes
- Paid Actor Testimonials: No
- Impossible Revenue Gains: Yes
- Comes Across As Authentic: Yes
- Convincing Proof of Profits: No
- Possibility of Being a Scam: 50%
- Price: Free. Have to sign up with one of their brokers.
- Available In: All Countries
Medallionaire App Trading Fund Positives And Negatives
The Medallionaire app website lists a real company, Renaissance Technologies Corp. that really does focus on quantitative trading, and James Simons really is a wizard of trading algorithms. Wikipedia describes him as follows: “James Harris ‘Jim' Simons is an American mathematician, hedge fund manager, and philanthropist. He is a code breaker and studies pattern recognition.” His net worth is over $14 Billion, and he founded Renaissance Technologies in 1982. One of their most successful and profitable hedge funds is the Medallion Fund, which is rumored to take advantage of the inefficiencies in the execution of large transactions.
It is therefore clear that a man such as James Simons would be more than capable of creating a software system that can be used by the ordinary man on the street to beat the market, and make a lot of money. You will find that even reviews that has taken a negative view of the Medallionaire App Trading Fund all agree on this.
You will also notice that the negative reviews all grab at one or two user profile photos that are stock photos. They also criticize the claim of the large amounts that people are apparently making with the Medallionaire app, but there is not much else that can be found to point to a scam.
The Medallionaire app website is said to be hosted on a very new domain, but if this is indeed a new public offering of the ‘black-box' Medallionaire app algorithm, then it would make sense that the website domain is new. The company and algorithm certainly are not new, Simons no longer actively runs the company, but he is still actively involved in it. Wikipedia says the following about Medallionaire: “Simons continues to play a role at the firm as non-executive chairman and remains invested in its funds, particularly the secretive and consistently profitable black-box strategy known as Medallion.” None of that is made up, as amazing as it sounds, you can check Wikipedia and Bloomberg for yourself.
The only thing that can really be questioned, is whether a man like James Simons would give the public access to a version of his Medallionaire app, that they can use to create wealth for themselves. That's the only part of this system that can be doubted. However, it is no secret that Simons and Renaissance Technologies have in the past provided public access to their trading funds that use his algorithms. It is therefore conceivable that such a system could be made available in an offering such as what the Medallionaire App Trading Fund claims to be. It is also entirely possible that it's all bogus, and that the Medallionaire App Trading Fund is merely a scam.
This is where the risk in investing comes into play. Do you want to risk that this is not an incarnation of the Medallionaire app initially created by Renaissance Technologies? If you play it safe, you obviously have no money that you're risking. You also stand to lose out on any profits that could potentially come your way. At the end of the day, it's a $250 risk for you. The Medallion app software is free, but you will have to still fund your account with them. You have to be comfortable with that, and as with all trading endeavors, you should not be putting money at risk that you cannot afford to lose.
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