Whoa!! The Millionaires Club scam system by Richard Brown is one of those binary options systems that your mother always warned you about (or your financial adviser, best fried, whatever, you get the idea). I just started watching the first couple of minutes of the “Millionaires Club” scam sales video and it became very apparent that the The Millionaires Club software is simply another swindling scam system. You simply have to read our full review of this bogus software, our investigation has uncovered some chilling facts that you need to know about.
Unlike fraud sites that do not disclose this, we would love to point out something. Irrespective which link or website you utilize to enroll in this service, somebody might receive a commission fee. That includes links on this website. Our join web links can be trusted, since they secured by SSL HTTPS security, so you can be sure of the starting point.
If you’re absolutely convinced that you want to sign up for this system, then at least do it through the link provided above. That way you can fall back on our “ETS Guarantee” if things do not work out for you.
The Millionaires Club Review Summary
Annoying Browser Pop-Ups: Yes
Fake Scarcity Counter: Yes
Fake Testimonials: Yes
Impossible Revenue Gains: Yes
Comes Across As Authentic: No
Convincing Proof of Profits: No
Probability of Being a Scam: 97%
Price: Free. Have to sign up with one of their brokers.
Auto-trading Available: Yes, fully auto-trading app
Available In: Australia, Canada, Ireland, New Zealand, South Africa, United Kingdom, United States
So What Is Binary Options and What Does It Have to Do with the Millionaires Club Scam?
Binary options are rapidly becoming a favorite of investors as either a hedging or even a speculation tool. You don’t need to worry about all that, since software like the Millionaires Club (scam) will handle all the trading for you. While they appear to be fairly brand-new, binary options have already been traded for more than a 10 years, although they were originally traded over-the-counter usually between 2 institutional financiers, primarily hedge funds and investment banking prop desks. Retail traders needed to wait till 2008 before they were generally given the right to trade binary options, and since then the interest in of this asset category has skyrocketed. This has also led to the market being flooded with binary options trading systems, some very good, and others that are really bad, such as the Millionaires Club scam auto-trader.
By using binary options, you also do not need to bother with exactly where to place your stop-loss, since market movement which occur preceding the closing of the trade has no influence on the result. This means that even though the market surges up or drops down it makes no impact provided that the market ends up either above or below based on if you decided upon PUT or CALL trade. Software such as the Millionaires Club (scam) will automatically place these trades for you, based on whether it has determined the market will move up or down.
In its most simple form binary trading is a direction based, win loss proposition. In the case of the Millionaires Club scam, it is probably more of a loss proposition than anything else. If the trader is right in choosing the direction of the underlying asset in a given amount of time he/she will get a set percentage (normally somewhere between 60% and 90%), and if the trader is incorrect in choosing the direction of the underlying stock in a given time frame he/she will lose anything between 85% and 100% of the trade. Bear in mind in binary trading the magnitude of the underlying asset movement is meaningless, the direction is all that matters.
The Millionaires Club Scam Findings
This site has useless countdown timers, it has a useless “licenses left” counter, it has fake trust badges (try clicking our badges, they’re real), and they claim it is “SSL protected”, but if you compare their site to ours, you will clearly see that the Millionaires Club scam site does not have a green bar at the top which tells you that they’re lying.
That’s not the only thing they are lying about… We are told by the bearded “Richard Brown” that he’s not just a millionaire, he’s a multi-millionaire. The thing is, you can’t trust this guy, because they have already lied to us and whenever you reload the website, the fake count-down timers and profits all reset! It’s just a ploy to get you to sign up.
There is also NO WAY that you this software is going to turn you into a millionaire just like that. You can make a couple hundred dollars, even a few thousand with trading binary options in a week, and if you’re really good and you have an appetite for risk, you could possibly do it in a day, but not millions like they are claiming here. That’s simply hype and it hurts binary options in general, because it creates totally false expectations.
If you want to know how much money you can make with trading binary options, you are welcome to download the Excel spreadsheet below. It gives you a couple of simple values to adjust, and you will immediately be able to see what is possible. You’re also welcome to use it to test what the Millionaires Club scam is claiming, and then you will be able to see for yourself what type of income is feasible, and what is not.
Fake Testimonials on The Millionaires Club Scam Site
This site has plenty of stock photos instead of actual users in their testimonials. Just for fun, let’s take a quick look at “Jason P”, “Geoff H” and “Mary J”, I didn’t even bother to check “Virhan P”, you’re welcome to do that yourself if you feel it will make any difference in the outcome.
So here we have Jason P., and as you can see, that clearly is not his real name, and his image is used on numerous other websites.
Geoff H. is also clearly not a real user of the Millionaires Club software, as you can see from the images below.
Just for good measure, we’ll add in Mary J.
You’re welcome to check this for yourself, it’s not too difficult to do, and you will see that these are images typically used by websites to show random user profiles. It’s all just made-up to make you believe in the crazy story they’re telling you. Don’t fall for it!
The Millionaires Club Rip-off Conclusion
I know that you came to read this review hoping that you had found something that will make you some extra money. The Millionaires Club is not the system that is going to do that for you. There are a number of other systems that we have reviewed on this site that is definitely better than this!
No matter which service you sign up for, remember to always make sure you understand the terms of any Bonus offers. Ask questions if there are terms or conditions that are not clear to you.
All binary options brokers, with the exception of Nadex, are not regulated in the USA, so make sure you understand the implications. You can make money with Binary Options trading, just not with this fake system. Please take a look at our top binary options systems and their reviews.