Estimated reading time: 6 minutes
Binary option trading is tricky business and only the best can survive in the field. The problem is that there are many scammers that are making things difficult for the new traders. One such scam is Millionaires Code.
Note: A good alternative to this Millionaires Code scam is the Super Simple Bot.
Well do not get carried away by the name because you will not become a millionaire by using this system. Make it a point to go through the complete review so that you can get answers to all the concerns that come to your mind. This review will give you in depth insights why this system is a bad choice.
Well the minute the trader opens up the video, it says that this is an invite-only page though these scams are available everywhere on the internet. Matt Daniel is the man behind this trading bot and has a lot of good things to say about his system that just do not sound convincing. Now the invite is not for one time. Thus the investor does not have to worry if he does not avail the offer. The video then moves on to luxurious pictures that are meant to take the investor into a dream world.
Next the Millionaires Code video moves to the testimonials. The people truly seem to be paid actors who lack the knowledge about this trading bot and just praising it without realizing the effects these testimonials will have on the life of an investor. The presenter promises the fact that the trader will be able to get 87 percent accuracy with Millionaires Code. This is an exaggerated figure and in real money does not come in so easily and the investor will have to strive by figuring out the right trading strategies for earning money.
Note: Identify the scammers and avoid them by all means, and pick the original trading bots.
The Millionaires Code presenter is just focused on giving the profit details. He does not realize the fact that the trader is more interested to know how he will make those profits in the first place. The trader wants to know how the algorithm of this trading bot works. However, Millionaires Code is not offering this insight to the trader so here it seems more of a disappointment for the trader because the investor will not be able to know the reality of this system.
The Millionaires Code website will also be able to help the trader identify whether it is a scam or not. Now the most important thing that is missing on the website is well defined tabs. When the tabs are there the investor can easily navigate and look up the information that the investor needs. However, Millionaires Code fails to leave an impression. Now the website states that the trader can have access to the system free of cost for about 2 months. Well if they are offering trader limited access then these two months will not do any good to the trader.
Well the website states that Millionaires Code is a trading model that is designed to predict the prices perfectly. However, this is not true. As per what is mentioned on the website it states that this trading bots can compare its data with the current market situation and furnish a winning situation for the trader. The reality carves a different picture and the results are not as promising as the picture portrayed by Millionaires Code.
The website has this lengthy profit and loss calculation. It would have been much better if Millionaires Code website could have listed the features of this system. When a trader wants to make his future in the field of trading then he does not need the profits figures. He needs insight about the system so that he can use the system to his benefit. The main reason of mentioning this useless information on the Millionaires Code website is to fool the new traders who lack the insight about this system. Thus the trader should not make the mistake of signing up with this trading bot at all.
Now when the investor looks at the website of Millionaires Code there is badge on the page and that states exclusive offer. The best thing was that offer should have been listed rather than a badge because it is not offering any help at all and the trader will not be able to get any help this way. The trader should not choose this system if he is looking forward to a bright trading future. The investor needs to know the truth to put in his valuable investment. However, Millionaires Code fails to convince the trader so the investor should not take the risk.
Note: Never join the scam trading bots and only sign up with real trading bots.
Now there is another badge on the website of Millionaires Code that states 24/7 support. Interestingly they are not offering any support to the non-registered users so this makes this trading bot a bad choice and will not be able to get any money for the investor at all.
The biggest scam identifier is that the email address of this trading bot is not mentioned on the website. The investor will have access to the system only after he signs up and this really sounds alarming. This means that the trading bot support does not want to get in touch with the investor till he is caught in the trading scam.
If the trader looks at the video he will get the feel as if the system has been designed by a novice designer who has simply got no information about this trading bot. Thus the investor needs to be careful with his choices. The website does not give a professional look and leaves a lot to be answered. Secondly the trader cannot raise on the spot questions because they are depriving the trader of live support. The trader needs to understand the fact that his questions need to be answered.
Well the minute the trader set his eyes on this Millionaires Code website he will be able to identify the red flags. First of all incomplete information creates suspicion. The trading bot does not list the brokers they deal with. The deposit limit is also not mentioned. An investor needs a complete walkthrough of a system and Millionaires Code fails to provide that. The entire video does not show any valuable snapshots of the system and the question is why? The simple answer is that this system is a scam and they do not want the trader to figure out the truth.
The risk factor is that if the trader signs up with this system then his money is gone forever and this can turn out to be a risky venture for the trader. One thing is for sure and that is no investor will want to take such a big risk.
Now the solution is to always investigate a trading bot before signing up. The trader should have detailed information about the system. If the information is not available then the trader should drop the idea of signing up with such a system. The investor needs to understand that losing money can be a frustrating experience so the investor should not take any risk at all in the first place if he values his money and wants to end up earning a lot at the end of the day. Decide now and shun Millionaires Code and choose the one that brings money for you here’s our list of some reliable binary bots.
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