Name: China Millionaire
Type of Business: Binary Options Trading
Price: “Free”
Overall Rating: SCAM!
I have just come across another scam that everyone needs to be aware of. In this review of China Millionaire, you will see how the whole scam works and why you shouldn’t fall for something claiming to be free.
What is China Millionaire?
Because of the boom in the Asian markets, even the scammers are using an Asian country to lure people into their latest and greatest scam.
This time, they’re doing it in the form of binary options trading, which is nothing more than a “free” software that claims to make you win most of your trades in the binary options market.
Who this is for
The completely uneducated. If I saw this when I was new to the online world, I would have probably dove straight into this scam head first.
Unlike you, I wouldn’t look for reviews on anything, so I guess that’s also the reason that I have lost thousands of dollars on the internet. If it wasn’t for Wealthy Affiliate, I would probably still be looking for the latest and greatest, just like you.
Getting Started
When you first get on the site, you will see a video on nothing but a sales pitch to get you to join China Millionaire.
before the video even ends, you will get a popup from them trying to capture your email address so they can try to hit you with this spam (in case you don’t give in) as well as other scam in the future. The popup appears like 5 times before the actual video was over, which was kind of ridiculous.
Once you give your email address, you will then be directed to another page, which will again ask you for your email address and a bunch of other information as well.
This time they will ask for you number, so if you put it in there, be expecting a call from the actual broker, because you have just been registered for the broker that they “recommend”.
What to Look out for
There are many (and I mean many) red flags that I immediately came across when I first came across this scam, so you need to be aware of this so that you don’t fall for future scams.
Fake Testimonials
I have yet to see a legitimate program that has the word millionaire it. I don’t care if it’s Coffee Shop Millionaire, Desert Millionaire, or any other site with that word, it never works.
They all come with fake testimonials, but I think China Millionaire has got the rest beat. First they have two different people saying the same exact thing, and then they had to put some Chinese writing into the mix. How ridiculous is that?
Fake Timer
This type of stuff is actually pretty funny. You can’t help but notice a nice little timer, telling you that there are only 2 spots left, which makes you think you’re going to miss out on some type of “opportunity”.
If you stay on the site long enough, you’ll see that the time keeps going back up and you will not be losing out on anything.
What in the world is this for?
It’s really funny how they have these logos on the site, but it doesn’t say anything about what they are doing there. Nothing but a show, that’s what it’s for!
Read China Millionaire’s income disclaimer, so you can see what your chances really are of earning any money with this program. That should let you know how confident they really are.
The Price
Let me just tell you that every single binary options trading software scam is ran the same exact way. You get access to their software that doesn’t work, but you do have to put money into your trading account.
There will be a minimum of $250 to begin trading and that is where you will have to fork out some dough. So much for free.
Real Price: $250
When you fund your broker account, that is where the owners of Chinese Millionaire make their money. For every person they refer to the broker, they get a cut. Pretty simple huh?
Product Overview
Name: China Millionaire
Type of Business: Binary options trading software
Website: www.chinamillionaire.com
Real Price: $250
Overall Rating: SCAM!
Too good to be true and you need to avoid at all costs.
My Two Cents
I really can’t stand programs like this and I think it’s about time they stopped creating them. There are dozens of them out there and they all operate the same way.
There are also different programs that have the same owner, but they still come with the software that doesn’t work and the fake testimonials.
Don’t fall for this scam and make money online the real way. You will have to work at it and it’s not going to get you rich overnight, but it absolutely works.
Click here to see what program I recommend!
I have fallen for these scams before and I’ve seen too many do the same so please do me a favor and don’t give into this scam, no matter how curious you get.
I hope you enjoyed this review and hopefully I have given you enough evidence so you can save some money and actually put it in the right places. Thanks for reading!
– John
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