300 Millionaire is one of the newest binary options automated trading software that claims to be able to make its members from $4,000 to over $12,000 per month. Is this possible? See our full review!

300 Millionaire is a robot created by Michael Bennet, a purported multi-millionaire with beautiful homes, cars, and all the trappings of the millionaire lifestyle. He achieved this through trading binary options thanks to his proprietary zero risk software which made him over $31 million in five years, and because he’s just a kind soul on the inside, he wants to share his success with a select group of 300 people.

So is 300 Millionaire a legitimate robot or just another robot scam? Read below to find out!

What is 300 Millionaire Robot?

Just like any binary options robot that claims to be able to make you a millionaire, 300 Millionaire is just another scam playing on your hopes and dreams of easy money to make money for themselves. First, you should understand while it is possible to make money with binary options, there is no such thing as risk-free trading and there is no way you will come anywhere close to a million dollars unless you are making deposits in the hundreds of thousands of dollars. On a minimum $250 deposit? Forget it!

Anyway a closer perusal of the 300 Millionaire website brings up their (extremely poorly written) Risk Statement, which makes it seem like their software is not as effective as previously claimed.

Needless to say, Michael Bennet is himself just another actor, which is a fact that should not surprise anyone with even a passing familiarity of how these binary options robot scams work. While we were unable to verify his actual identity, we did manage to track down the cheap Fiverr actors they used for their video testimonials.

How Does It Work?

These scam robots all work in the same way; they promise you an impossibly awesome zero-risk robot that will generate you absurd amounts of profits and at no cost to you. This no cost feature is usually justified as the creator of the software wanting to ‘give back to society’ or looking for ‘beta testers’ for the software. The money is made via affiliate commissions which are paid out by their partner broker to them when unsuspecting customers fund their trading account through the robot.

The best part? By the time the customers discover the robot doesn’t work as promised (because no robot can live up to the fantastical claims these scammers make), the scammers have already made their money. And because the robot was given away freely, customers have no legal recourse or demands they can make.

To make things worse, the brokers the scammers usually partner with are unregulated and in a significant amount of cases, totally untrustworthy. Usually, customers end up losing even more money to said brokers due to their high pressure sales tactics such as pressuring customers to make ever larger trades following a loss.

In our case, the broker we were redirected to when using 300 Millionaire was Gain Option, which is, no surprise here, completely unregulated.

Conclusion

300 Millionaire will not make you a millionaire, though you will probably lose at least $300 if you do trade using this robot. Michael Bennet doesn’t exist and neither does a robot that will make you a millionaire off your minimum deposit amount. Skip this silly robot scam.

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