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Monaco Millionaire Scam: Unveiling the Deceit

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Monaco Millionaire Scam: Unveiling the Deceit

Quick Summary of Monaco Millionaire

  • Rating: 1/5 refrain from choosing this software
  • Pros: Trust me you would not get any benefit from using this software.
  • Cons:  There is a long list of negative points.
  • Our recommendation:  Spend your money on something worth it but not this software for sure. Click here to see our list of the best signal services/auto trading software.

Full Review

Read the complete review of Monaco Millionaire to know more. Well first let me introduce you to the person behind this software. His name is Simon Davis, and once you visit the website he will have a long story to tell you regarding how he came up with the idea of the software in the first place, so in case you have some free time, and it will be better to quit the website and do something more productive.

How this scam works

Now when you visit the website, you will see a signup text field. You will be required to give your email address. Once you register with the platform, you will have login and password. You will login into the website using these details. Once you are done, you will be directed to the deposit page. You will find an unknown broker by the name of 10 Markets, and you will have to make the deposit with this broker. Once you have given the deposit, you will also see an auto-trading on/off option button on the screen. If you turn on the option, the software will be able to trade on its own. As per the details, I have given you, it is quite evident that it is a scam. I will just unveil all the reasons to believe that Monaco Millionaire is a scam. If you watch the video on the website, this is how deceptively it starts.

Monaco Millionaire

Fake reviews

The mistake most people make do is that they make their decision on the basis of reviews available on the website. Well, this will lead you to a lot of troubles. Now most of the people who give these reviews are paid actors who are paid to give these video reviews. They are misleading you. I am a trader and have been into trading for quite some time, but I have never made my decisions  on the basis of these reviews, so do not allow yourself to be misled into believing that Monaco Millionaire will work for you.

Pros of using the best automated robots

Here are the reasons why everyone is turning to forex trading robots and turning away from non-paying HYIP programs

  • Automated trading

These robots offer automated trading that’s different from other users. You need to go for trading robots that offer much in terms of automation.

Try SMARD today, it is a bot designed for crypto traders and investors which uses advanced algorithms to profit from market fluctuations. No programming or trading knowledge is required to start. The algorithm relies on momentum effect strategies to systematically identify market winners. Below are the key reasons why everyone loves Smard.club:    1. You get up to 5% average monthly return on your starting capital.    2. The 10% monthly service fee is charged from your profits only. They don't make money unless you do!      3. You can start with as little as $1000 in your exchange account, meaning that you just need to connect your existing exchange (or open a new one) with Smard and begin trading right away!    4. No upfront payments for the service.    5. It's a smart way of investing in your favourite crypto coins - btc/altcoins, hurdling them while at the same time growing their values through auto-trading instead of just buy and forget.   Operating through API keys, SMARD ensures secure connections without requiring fund transfers to third parties. No upfront payment or card linking is needed. Try Smard today and see the real potential of your crypto portfolio, no upfront fees to pay!

Click Here To Sign Up Now

 

With automatic trading, the bot does all the heavy lifting for you. And this gives you an idea of what to expect with some of these trading robots.

  • Easy to use

These bots are easy to use for all classes of traders. All you need is an enjoyable trading platform that does offer much in terms of success.

You need to go for a reliable and tested bot offering more than just accessibility.

  • Affordable

Most of these robots are affordable and offer the best in terms of systematic trading. That’s what you need when trading with forex markets.

An affordable trading robot that offers more than just the trading aspect of it. You want a bot offering an affordable plan to everyone.

  • Accuracy of results

When it comes to offering results, this is what you mean by having a bot that delivers in terms of sustainability.

  • Performance oriented

Most of these robots are completely performance oriented. And this means you have to go for options that don’t just create an illusion.

You have to see the performance in action to get a hold of these platforms. That’s the only way to get ahead of the trading world.

Monaco Millionaire fake reviews

Monaco Millionaire lacks credibility

I invest money in only credible platforms. Now, what are the key criteria for analyzing the authenticity of the platform? Well, the parameters are pretty simple. You need to deposit your money into a credible and regulated broker. Well, this is not the case with Monaco Millionaire. You will be directed to a broker that is not regulated, and thus there are chances that you will lose all your potential investment, and this sounds way too risky. There is no security of depositing money with a broker that does not have any authenticity. The problematic part is that most new traders get carried away in such situations, and thus I feel the need to point out this aspect.

Monaco Millionaire scam

Does it sound real? Not to me

When I was watching the video, they started to show user accounts with massive profits. Does it sound real to you? Not to me at least because I do not get carried away by these deceptive gimmicks. Just how can a software trade on your behalf and make profits without your putting in any effort. It is just enticing and nothing more, so you need to have the art to decipher the lies and the truth. Just see the below snapshot to know the truth.

Monaco Millionaire review

The free software scam

Now what sounds most irritating is that the video on the website says that the software is free. See I told you that they require you to make a deposit to the broker of their choice, so they are extracting funds from you, this software cannot be termed as free. Yes, the only free part is the registration. Once you register the software is useless for you till you make a deposit to the broker and then only the software will operate.

Monaco Millionaire concealing the truth

Now I watched the video until the very end, and there was no mentioning of any requirements to opt for the software. If a software offers you a legal earning method, there are requirements and conditions that you have to meet. The video does not guide you about the deposit that you have to make, so there are many questions that remain unanswered, and this is what gives rise to the confusion and mistrust. When I was watching the video I just assumed that the deposit was about $300 as it was randomly mentioned when the speaker was telling about how he came up with the idea of this software so do not trust this.

The worst part of the introductory video on the website

What sounds most discouraging is the speaker is so adamant to pull you to sign up for the software that he uselessly blames a regular job. Now that is not a convincing point if he wants to sell his software. He should be coming up and presenting the qualities of this software that will compel a trader like me to sign up right away. Frankly speaking no one is interested in listening to the struggle stories, people want to know what the software can do for them. However, the speaker is more inclined to keep on just presenting the profit figures.

Do you need to opt for this software?

The answer is no. There is no software that can make profits rolling in with binary options trading without your making any effort at all. Forget the term autopilot it will just drive you to disaster. The software creator says you do not even need a college degree to work on this software. Remember for any profession in the world you need education. You need to understand the profession. Binary options trading is a tricky field and only the best can survive so what you have to do is plan your career. Go for brokers that offer demo accounts and test your strategies. You should make your deposits with regulated brokers. If you want me to be bluntly honest, then mark my words Monaco Millionaire will not lead you anywhere.

The best option for you is to look into credible options. By credible options, I mean that you should go for reliable signal services that can help you make your trade. If you are confused about finding good signal services, then click here to to make things easy for you. Here you will find a list of best signal service providers that can help you place your trades in a better way. The best part is that you will not have to go through the agony of testing scam software like Monaco Millionaire. Invest your efforts in the right direction if you want real money and you want to excel in the field of trading. There are no shortcuts to this profession. Mark my words and your struggle will become a lot easier for you so make the right move to get the right results.

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