Brexit Money Machines is a new binary options robot that looks for Brexit-related opportunities to generate daily profits of up to $25,000. Too good to be true? Read our full review below!

Brexit Money Machines is the latest automated trading software that again promises large profits on behalf of their clients, ranging from $5,000 to $25,000 daily, all in a minimal amount of time. It does this by allegedly using a deep learning AI software known as Phoenix to exploit opportunities created in the global market by Brexit. So, is Brexit Money Machines just another scam? Find the answer below!

What is the Brexit Money Machines Robot?

Brexit Money Machines is nothing but the latest opportunistic scam looking to capitalize on the latest buzzwords to exploit the greedy and gullible. The creator of the system, ‘Arnold Palmer’, who by the way is only mentioned once and is never seen, claims to be an ‘underground trader’ who used his complex algorithms to take advantage of the many opportunities Brexit created. He claims to have developed Phoenix, an AI with ‘deep learning capabilities’, which has identified 1,203 opportunities, which he refers to as ‘money machines’ that YOU can take advantage of now for FREE!

If you watched the promo video on their site, you will notice that there is absolutely ZERO mention of how ‘Phoenix’ actually works, other than claiming a 98.4% success rate. With such a high success rate, it is so charitable of Mr. Palmer to give such a successful system away for free when such software could be sold to Wall Street for hundreds of millions of dollars! Clearly, Mr. Palmer is a great philanthropist, always looking out for the common man. Of course, this is because there is absolutely no such thing as ‘Phoenix’, and Brexit Money Machines is a scam designed to take advantage of the type people who only read the headlines in news articles and never bother to do any further digging.

Let’s think rationally for a moment; every single trader in the world is aware of Brexit and is looking at how it affects the markets and yet these scammers are trying to convince you that it is some event that only they can exploit. It does not hold up to any kind of intellectual scrutiny whatsoever, but then again, most of these scams don’t.

In terms of scams, we rate this one as ‘extremely low-effort’; they did not even attempt to use any fake video testimonials or paid actors to play ‘Arnold Palmer’, rather their promotional video is nothing but a lame voiceover with text on the screen. In lieu of describing how their algorithm works they simply made up a ‘deep learning AI’ system (more buzzwords!) that is as precise as a ‘military sniper’! We find it quite fitting that they named it Phoenix because just like its namesake, it is completely mythical.

In line with the laziness in creating this scam (we imagine that as soon as the Brexit vote was announced these cybercriminals had a lightbulb go off in their head and they immediately got to work), even the profit claims are internally inconsistent. For example, they initially claim you can earn up to $25,000 per day then they scale it down to $5,000 per day.

Most of these scams often also use stock images to attach to obviously fake written testimonials; however Brexit Money Machines takes it one step lower, they actually stole images of real people from LinkedIn profiles to use for these silly testimonials. Take a look at the evidence below.

Figure 1: Fake testimonials from Brexit Money Machines’ website

How Does It Work?

Brexit Money Machines is free, like many of these robot scams, meaning that the creators of this scam make their money from affiliate commissions from their binary options broker. This is a common business model of such scams and people might get lured in due to the lack of any upfront cost other than funding the broker account. They also offer you a free $2,000 sign up bonus, which again is common in such scams as these bonuses will in fact prevent withdrawals from your account until you meet some minimum trading volume.

In our case, we were assigned to the broker VXMarkets, which is a completely unregulated broker and has been the subject of numerous online complaints for unethical and potentially fraudulent behavior. We are not going to address how the robot works to make you money because, surprise, it doesn’t; it only works to make them money from your pockets.

Conclusion

Brexit Money Machines is just another scam looking to lure marks in with the latest current events buzzwords. The only money machine these scammers have are gullible people who will actually sign up for this system. Avoid at all costs.

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