Monaco Millionaire
There are so many binary options trading systems available today that one needs to know how to determine the legitimate sites from the scams. Monaco Millionaire is yet another automated trading system that offers a “get rich quick scheme” to entice traders to sign up for their service. The creator of Monaco Millionaire claims that traders can earn up to 6 grand a day with this cleverly designed trading system. That would mean that we could potentially earn over 2 million dollars a year.
First of all, we need to point out that there is no trading system, automated or not, that can earn this much money. Anytime you are promised upwards of hundreds of thousands of dollars in a short period of time, you should proceed with caution. The only way you could earn this much money would be if you invested millions upfront. So our first impress of Monaco Millionaire is that they are making false claims to entice traders to sign up for their system.
Basic information:
Cost: Free
Software: 100% Automated
Max Returns: Up to 91%
Minimum Deposit: $250
Countries: All nations
Pros:
– Fully automated
– Easy to use interface
Cons:
– No proof of substantial profits
– No response from customer service
– Either registered or licensed
– You have to sign with one of their brokers
7BO Verdict:
Not Reliable Service
How does it work?
It is completely free to create an account with Monaco Millionaire. However, after doing so you must sign with one of their binary options brokers and make an initial deposit of at least $250 before you can even access the software. Once you have made your deposit, you can set up your account parameters and start trading. The system will supposedly analyze market trends and generate binary options trading signals on your behalf. As of this writing, we have no proof that anyone has actually made a decent profit with Monaco Millionaire, let alone 6 grand a day. So we have reason to believe that this is not a reliable system.
Is Monaco Millionaire a Scam
While we cannot say with one hundred percent conviction that this system is a scam, we can safely say that there are dozens of more reliable trading systems available online. There is not enough proof to convince us that this system is at all reliable. The review on the website look suspicious and we were unable to reach their customer support team, which makes us wonder if they even have a customer service department. Also they are neither licensed nor regulated and this is a huge red flag in our opinion.
Final Conclusion
At this time we cannot recommend Monaco Millionaire due to lack of concrete proof of guaranteed profits. We have yet to see the returns that they have advertised on their sales page. Nor could we find any unbiased reviews that would lead us to believe that this system is reliable. We suggest you opt for a more trustworthy trading system that has proven results.
Recommended Brokers:
| Min. Invest | Min. Deposit | Max. Returns | ||||
|---|---|---|---|---|---|---|
 | $1 | $10 | 92% |  |  |
|
 | $1 | $10 | 91% | |
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| All brokers >> |
| 100% | $10 | 92% | |  | |
| $1 | $10 | 91% |  | |
John certainly knows what he’s talking about. He graduated from California State University in 2008 with a Master’s Degree in Investments and Securities. Since entering the world of work, he’s continued to put his degree to use. He’s spent over a decade working in the investment banking sector and thanks to his foresight, skills and education, he’s in a prime position to offer help to others looking to start investing.
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