Monaco Secret Wealth is a classic binary options scam. This recently released trading app is potentially a big time money sucker. It promises $7451 daily profit, which is considered high and quick profits. Honestly, we do not know how to rate this software because the scamming characteristics are so obvious. Once you visit the landing page, you won’t have any doubt that this thing is meant to rip you off.
Therefore, for the sake of our readers, we have crafted a truthful review of what we have discovered about this software so far. If you were thinking of joining, you better hold your plans until a later date. Or you could just sign up for these binary options trading programs instead. Those apps have been cherry-picked by us, and are not scam in any way. That being said, let’s review the culprit software.
The one reason why this program is a potential scam is the fact that they are promising users over 7K in the next 24 hours. Honestly, we have never come across any evidence of traders making this much with any software. It is hard to believe these claims especially if you consider the fact that Monaco Secret Wealth website does not present their sales pitch with facts.
The homepage of this software features someone called Oliver Anniston. This photo does not represent the owner of Monaco Secret Wealth. Do not be fooled. It’s a trick they are using to hide the identity of the real criminals. That photo was probably stolen on the internet without the consent of the owner.
We do not know whether the owner of this website realizes that they are committing a crime by doing so. Not only are they guilty of committing financial fraud, but they are also being guilty of copyright infringement. They could potentially attract two charges against themselves.
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The true intent is to deceive investors without physically appearing on the camera since this would make it easier for the authorities to tighten the noose.
The main goal of the video presentation is to make you open a trading account with one of their chosen brokers. During this process, you will be required to make a minimum deposit of $250 before this software can be activated.
So in other words, it’s like paying for the software in order to use it — something that they will never admit.
The ultimate goal of this video is to entice traders into signing up. Once you get convinced into handing over your wallet, the software will swing into action because it is automatic. It will open a string of false trades while losing them at the same time. If it opens, say 10 positions at once, it will win one or two and lose the rest. This is literally gambling with your money even when you don’t know it.
And would you use a trading robot that uses fake price feed and fabricated results on a live account? Probably not. And if they insisted, you’d request them for a demo account.
Most scams now have some form of demo trading where you can test their so-called winning or secret formula of trading. These demo accounts are rigged in their favor. What this means is that the demo version of the software in conjunction with the trading account will always show different results from a live trading account.
First of all, price feed will be fake. And secondly, the broker in question often employs tricks which ensures that the software is always on the winning side.
For someone to claim that they have an app that makes over $7k a day, they must be willing to produce proof. It’s hard to believe that a profitable system would come with a zero price tag. Why would they give out Monaco Secret Wealth for free? And why would they give it out in the first place? Does it mean that this vendor can’t use Monaco Secret Wealth to make that money for themselves, hence they have to distribute it on the internet in order to reap some value from their effort?
If you find yourself asking those questions, then you know that your conscience is reminding you that you are about to get duped.
The website of the Monaco Secret Wealth displays some results which are fake. First off, those results look too good to be true. The second problem is that no verification has been offered in terms of third party approval to help us know that what we are staring on the website is the gospel truth.
We also discovered that those results were using fake price feeds. There are discrepancies between the prices of different assets in relation to the dates in which they were traded. This is a shame because it is a blatant lie that no one can believe. We do not expect traders to believe them too.
And by the way, Monaco Secret Wealth is a copy-cat system. It is probably owned by the same person who launched Monaco Treasure. The evidence is right there for you to see. You don’t have to ponder so hard to realize that these two systems are basically one system packaged into 2 different products to look as if they were unique.
Again, the same table of fake trading results was used in the Dubai Lifestyle app website. What a lazy scam? Using the same table means that these scammers didn’t want to work harder to present something that would look unique. It’s the reason they are recycling everything with the exception of website logos.
Also, for your information, the FAQ page of the Monaco Secret Wealth system mentions Equinox system. What is Equinox system? This is another binary options scam. You can see it on the link which we have just given you.
These scammers are probably taking traders for fools. However, in the case of Monaco Secret Wealth, these scammers never intended to mention the name Equinox. It just happened by mistake. Probably it’s a typo. The net effect is that this small mistake is costly. It makes them look like fools instead. When you forget to rewrite a title of a program you just copied on the internet, you are essentially announcing to the world that you are a copy-cat, and worse still, a scammer.
This copy-pasting of FAQs has to stop. In addition to this, they need to stop being cowards. Making use of actors to speak lies doesn’t make this software look credible. In fact, it does not raise its credibility profile at all. It only serves as a damaging tool. Their reputation is already damaged for the simple fact that they are not standing with the truth.
The Monaco Secret Wealth is a total joke. You can take this to the bank. The aim is to rip you off. This website is full of lies, plus they don’t bother to back their claims with proof. This is the least of their considerations by the way. Yet they are expecting traders to believe that Monaco Secret Wealth is the real deal. Please avoid this scam at all cost. If you haven’t sign up to a legitimate trading system, do so here.
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