The Millionaire Bot

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The Millionaire Bot is a automated trading robot which claims that traders can earn up to $13,000 trading binary options. The creator, James Robinson informs us that we can become a millionaire in just a matter of months. But is this accurate or is this another scam? We have conducted a thorough review of the Millionaire Bot to see if any of their claims are accurate.

Another claim is that traders do not need any prior experience to use this service. We found this to be untrue. There is some basically knowledge of binary options trading necessary to set up your parameters before you can have the system generate trading signals on your behalf. Thier claims are misleading and we find this off-putting and dishonest.

Basic information:

Cost: Free
Software: 100% Automated
Max Returns: Up to 95%
Minimum Deposit: $250
Countries: All nations

Pros:

– Fully automated
– Multiple trading signals available

Cons:

– Severe lack of positive reviews
– Customers services is not responsive
– Traders have yet to earn the profits they were initially promised
– Does not offer any unique features

7BO Verdict:

Not Reliable Service

Is the Millionaire Bot a scam?

While we don’t have substantial proof that the Millionaire Bot is a scam, we can safely assess that is it not a reliable system. This particular system was launched in 2015 and then has surfaced again over the course of the last few years. For this fact alone, we have enough reason to suspect that is in fact may be a scam, but have not yet acquired enough proof to justify our instincts. However, we do feel that is highly suspicious and that traders can make better use of more reliable trading systems.

How does the Millionaire Bot work?

The Millionaire Bot is designed similar to other such automated trading systems. You create an account, register with one of their recommended brokers, make an initial deposit and the system will generate trading signals on your behalf. Sounds easy enough, right? However, we could find no proof that The Millionaire Bot generates nearly the profits they claim during their preliminary video and on their sales page. We have seen nothing but negative reviews and endless complaints from traders who have signed up for this automated services.

Screenshot

How much does the Millionaire Bot cost?

There is no charge to initially set up an account. However, once you do so, you will be required to register with one of their recommended brokers and make an initial deposit of $250 before trading. At this time we cannot verify if you will even earn back your deposit in trading as the results are inconsistent. We do not recommend trading with this automated system at this time.

Special Features

There are no special features withe the Millionaire Bot that would set it apart from any other automated trading bot. One of the main things that should attract you to an automated trading system is that they offer special features that make it stand out from the others that are offered. There’s is nothing special at all about the Millionaire Bot.

Final Conclusion

After a detailed investigation of the Millionaire Bot, we can not in good faith recommend this automated trader. We find the lack of unbiased and positive reviews greatly disturbing. We are also wary of the fact that this same trading bot has been relaunched several times over the course of hte last year. This does not bode very well for their reputation. We recommend that you go for a more tried and true trading system if you are serious about binary options trading.

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7 Binary Options review: The Millionaire Bot: 1 stars.

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John Miller

Author at 7 Binary Options

John Miller is the main author of content here at 7 Binary Options. He’s also the brand’s lead investment consultant. He’s been working for 7 Binary Options since April 2014 and brings a wealth of knowledge and experience to his role. He’s played a crucial part in developing the site and helping it grow. In his role as writer and consultant, John’s keen to help others get ahead in the ever-changing world of binary options and forex trading. He’s always happy to advise others, whether it’s complete beginners learning the ropes or more experienced traders looking for some hints and tips.

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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