The Millionaire Bot is a SCAM!
The Millionaire Bot is a binary options auto trading system scam that claims to be able to generate $13,425 of profits every day on the autopilot mode with many testimonials of users where they all earn a profit of that scale on their first few days! We certainly hope that viewers will not be tricked to believe such claims because binary options trading does not work in that manner especially when new traders with minimal deposit scenario. This scam program has been around since February 2015 and it had several relaunched while the latest launch was somewhere in August 2015. We also can notice that the “Free Spots” available which is stated on the pop-up window is indeed available since February 2015!
Update: BEWARE! Millionaire Bot is relaunching in March 2016! It is the same old scam that keeps resurfacing!
Viewers will immediately notice that The Millionaire Bot employs an annoying pop-up system that prompts “You have been chosen to try out our free system that generates $13,425 daily guaranteed! Spots are limited so get it now”. Obviously that there is no binary options auto trading software that could guarantee a certain profit on a daily basis because it is totally market dependent and no algorithm can function in all market condition. The more provocative statement is that the pop-up mentioned that it is GUARANTEED, which is clearly and over promising statement! There is also no additional information on what would happen if the software does not perform at that level too!
The Millionaire Bot website also employs various scam-like elements such as using Fiverr actors for testimonial videos to support the unrealistic claim from The Millionaire Bot. Legitimate services or community would never state such an unrealistic statements where the software’s selling point is to earn unreasonable profits in a short span of time. Additionally, the narrator also mentioned that The Millionaire Bot is capable of making profits up to $4,000,000 in a year! Please do not believe this exagerated claim! Trading binary options will not be able to make a million in one year, it is perfect to gain a reasonable amount of profits in a short span of time though.
Another scam-like aspect of The Millionaire Bot is that the website employs a countdown timer to pressure viewers to sign up as soon as possible and it states “WELCOME INTO THE SECRET! YOU NOW HAVE 2 MINUTES 7 SEC TO CLAIM YOUR FREE SPOT!!”. The countdown clock most certainly does not matter because viewer will still be able to sign up anyway. It seems to us that The Millionaire Bots do employ many of the scam sites sales tactic to bait viewers into signing up to their scam software and we strongly encourage viewers to stay away from The Millionaire Bot!
The Millionaire Bot is a scam and there are many other sites that employs similar tactics to bait traders. However, do not let this discourage you from trying to earn some profits from binary options trading! By having good money management and trading with reliable brokers/signal software, you will be able to earn good profits! Do check out our list of Trusted Brokers and Binary Options Signals Services for some reliable tools for successful trading.
Verdict: The Millionaire Bot is a SCAM!
Trusted Binary Options Signals/Auto Trading System! Safer than The Millionaire Bot!
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We would recommend new traders to check out other information available in Binary Options Sentinel in order to gain additional knowledge on trusted binary options brokers and signal services before investing your money! New traders may also choose to try out the free Demo Account to gain some trading experience. Keep in mind that trading with real money can earn you A LOT of money, but do keep in mind to minimize your potential loss! Please feel free to leave your comments below and share the love throughout the community!