Welcome to my review of the brand new China Millionaire system. This is something that’s just launched in the past few days & claims to have the answer to making consistent profits from binary option trades on complete auto-pilot. It certainly sounds good but the real question is does it actually work or is just another scam? We’ll soon find out the answer as I take a closer look in this review…
Before I start…
First things first – I want to let you know that I’m not an affiliate of this China Millionaire system. This means that what you’ll be getting here is an honest ‘outsiders’ review as opposed to some BS put together by somebody just to try & get you to sign up so that they can earn a commission. As always I only ever recommend something if it’s absolutely proven to work.
And also, yes – this is a supposedly ‘free’ binary options system. The reason I want to put that out there right away is because these systems have built up a very bad reputation lately by making false promises & taking peoples money. I’m going to give this system a fair, in-depth review because I don’t want to tar them all with the same brush but at the same time I don’t want you to get your hopes up…. Chances are this system probably isn’t going to work as promised.
At a glance…
I took a quick look at this website and one of the first things I picked up on was that along the bottom there is a bar which suggests this system has been featured in various respectable publications such as BBC News, CNN etc… I therefore decided to do some research to see if this was really the case & guess what? I found nothing. Take a look at one of my Google searches, it’s exactly the same for every publication they’ve listed…
That’s hardly reassuring, and it certainly didn’t form a good first impression.
But there’s tonnes of testimonials so it must work – right!?
I noticed the first guy in the testimonial list had quite an unusual name so I decided to try and find him on Facebook, but take a look at this:
I tried to find a few of the others and needless to say my findings were exactly the same. Definitely not a good start.
So what exactly is it all about?
The video on the website babbles on for over 12 minutes yet still leaves you with next to no idea as to how this software is supposed to work, and how it’s able to pick these so called ‘high probable, profitable trades’. What you are given though is some crazy numbers… The creator goes on to claim that this piece of software has an accuracy rate of 99.8% which is outrageous. If a piece of software could guarantee such accuracy then none of the brokers would be left in business & they’d most definitely ban anybody from using it (or worse, file a lawsuit against them).
I’ve got to admit it’s beginning to sound like just another one of these hyped up binary systems that have came before it which delivered nothing but false promises. In order to find out any more about the system you’re forced to enter your email address – I decided to go ahead & do just that to find out what’s hidden behind the scenes.
Here’s what I found…
After entering your email address into this website you’re immediately presented with another video which basically tells you that you’ll need to deposit at least $250 with their recommended broker before you can go further and ‘gain access’. This is a massive red flag when it comes to these types of systems, especially considering they’re supposed to be ‘free’… I don’t know about you but that’s certainly not my idea of free.
I decided to do some research before making a deposit and I’m certainly glad I did – what I found was not good.
It quickly became clear that this system hasn’t been setup by a binary trader at all, instead it’s been setup by an online marketer who’s simply out to make a quick buck at other peoples expense.
Want to know how it really works? Keep reading…
As I just mentioned, the guy behind this system is actually an online marketer. He’s affiliated with a broker company & gets paid a commission each time he gets a new person to sign up & deposit some funds (a pretty huge commission too).
That’s all fair and well but unfortunately for him most people know how risky binary trading is which means they’re reluctant to deposit. He must be really annoyed because he knows he can get huge commissions but he just can’t seem to get anybody to deposit because they’re too scared they’ll lose their money (and rightly so).
But he’s clever…
He realized that if he could just convince people they’d be able to make a profit he’d be able to get people to sign up & earn himself a ton of commissions… So that’s when the China Millionaire system was born. It’s basically nothing but a whole load of hype that attempts to make you think you can profit so that you’re more likely to go ahead & make a deposit, so that he can make a commission.
Any money you deposit you’ll lose.
Only after depositing your money will you realize that this system doesn’t quite work as promised, but by that point it’s too late. The brokers these marketers work with don’t offer refunds meaning you may as well wave goodbye to any cash that you deposit into this system because it’s extremely unlikely you’ll be able to get it back.
If you think you’ll be able to make a deposit just to “try it” and then withdraw it, think again…
I recommend avoiding this system & holding onto your cash, admittedly it’s very convincing but in reality it just doesn’t work.
Don’t fall for it, and most importantly don’t deposit any money. If you do, don’t say I didn’t warn you.
To be completely honest binary trading in general is nothing more than a gamble, and it’s certainly not something I’d recommend participating in – not unless you’re wanting to lose a lot of money that is. I know people online make it look really easy but in reality it’s simply not the same and very few people actually make profits from binary trading. It’s certainly no way to build a sustainable income.
So if binary is something you’re considering, my advice would be to reconsider & look for something else instead otherwise you’ll most likely end up with even less money than you started out with.
I hope you found my review useful & most importantly I hope it helped you save some money. If you have any thoughts you’d like to share then please feel free to leave a comment by using the form below.