Secret Millionaires Club 2016 found at secretmillionairesclub2016.com shows you how a newbie makes over $1M dollars with a hands-free software within 6 months. Is it too good to be true? Is Secret Millionaires Club a scam? Let’s find out in our in-depth Secret Millionaires Club review.
Name: Secret Millionaires Club
Owner: Sam Johnson
Price: $250 min. deposit
Legitimate? NO, IT’S A SCAM
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Secret Millionaires Club Review
So many red flags within the sales page of Secret Millionaires Club scam
Secret Millionaires Club scam (yes, it is a scam) is one of the more popular binary trading software scams in early 2016. You’ll most likely come across the scam through an advertisement, a sudden pop-up, or in the form of scammy emails.
In the sales material, Secret Millionaires Club claims that you are one of the lucky internet users because you’ve been selected for a free money making software that will make you a shocking amount of money.
Is it true? Of course not. There are a bunch of red flags you can find in their homepage that are typically seen in online scams. Let’s examine them one by one.
Firstly, Secret Millionaires Club scam uses an exaggerated and unsubstantiated headline to grab their victims’ attention. Anyone who’s interested to make money online will be thrilled by the prospect of making $1,135,659 in a short 6 months. That’s exactly what they use to entice users to watch the full sales video.
In the sales video, you are brainwashed to believe the too-good-to-be-true scenarios. A miracle money-making software that runs completely on itself. A once-in-a-lifetime opportunity that is running out fast. Unfortunately these are all false claims.
The scammers even feed your imaginations by asking you to imagine a life without money problems. Best of all, Secret Millionaires Club will do it for you fully automated. Who wouldn’t want that? There is a lot of money to be made online, but certainly not with scams like Secret Millionaires Club.
If you try to exit the sales page, you will be redirected to another page to ensure you that no credit card is required. That is simply bullshit. You’ll need to deposit at least $250 if you decide to sign up for the software.
Not only that, Secret Millionaires Club uses other questionable marketing tactics, such as a fake countdown timer to force you into action. Your access link is said to expire within minutes, but that is simply not true. It’s just a computer script that runs automatically every time you load the webpage.
There are 2 ways to find out it’s a fake. First, you can simply refresh the page and notice how the timer resets itself. Secondly, you can wait for the timer to run out and realize that you can still access the software just fine.
In the later part of this review, we will reveal an irrefutable proof that Secret Millionaires Club is a scam, and how you can use a legitimate opportunity to make money online. Read on.
First, Let’s Discuss Binary Trading
Since this is a binary software scam, we have to briefly discuss how binary trading works to make sure everyone is on the same page. If you have experience trading binary options, you may skip ahead.
Binary trading is unlike stocks and Forex trading, where you need to stay on top of financial news and analyze complicated charts all the time. With binary options, you only guess if the price of an asset will rise or fall after a short period of time, usually between 30 seconds to minutes.
There can only be 2 outcomes – either you are right, or you are wrong (hence the name binary options, or 2 options).
This is how it works – let’s say I predict the price of gold market to rise 3 minutes from now, and I bet $50 on a 3-minutes contract. When the time is up, and I get it right, I’ll win a certain percentage of what I bet, usually between 60% to 80% ($30 to $40). But if I’m wrong, I lose the entire $50 that I invested.
In reality, trading binary options is not that different from gambling. It’s just like guessing the outcome of a coin toss. Can you get it right consistently? No way. Similarly, there’s no way to predict the outcome of market movement in such a short period time.
Even if you manage a 50% win rate, you’ll still lose money due to the uneven winning vs losing payout of binary options. This is why majority of binary traders lose money, and how the brokers make big money off them.
We do not recommend binary options if you want to generate serious income from the internet, simply because it’s one of the worst possible ways to make money online. There are better alternatives out there that are much more promising than trying to gamble your way to wealth.
What Secret Millionaires Club Scam Doesn’t Want You to Know
The truth that Secret Millionaires Club is hiding
(click to enlarge)
Despite promising you a revolutionary piece of software that is guaranteed to make you a lot of money, Secret Millionaires Club is going against their promises in their hidden risk disclaimer.
The disclaimer is linked through a fine print at the very bottom of the sales page, but how many people will find it, click into it and read it thoroughly? You have to specifically look for it to realize it’s there.
I’ve underlined the important terms inside the disclaimer. You can click on the image to enlarge it, but let me spell out the critical terms here:
- You could sustain a loss of some or all of your initial investments and therefore you should not invest money that you cannot afford to lose.
- Clearly understand this: information contained in this product are not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision.
- THE TRADES HAVE NOT BEEN EXECUTED.
From these terms, we can clearly understand a few facts about Secret Millionaires Club scam:
- The software isn’t risk-free as it wants you to believe. You are most likely to end up losing all of your investments.
- Despite coercing you to sign up for their service, you should not view Secret Millionaires Club as an invitation to trade binary options. If you do sign up, it’s entirely your decision.
Note: Scams like Secret Millionaires Club that promise exorbitant returns are illegal in many jurisdictions. If they do not include this clause, they are deemed to illegally coerce you to sign up for the scam.
- The profits shown in the sales materials simulated results. To put it simply, the profits displayed are not real.
Fact #3 alone should be enough to alert you, and steer you away from the scam.
These terms and conditions are not here to give you a fair warning as a consumer. The sole purpose of this document is to protect the scammers from legal actions when you lose all your money trading with Secret Millionaires Club software. You can’t take any legal actions because you use the software based on your own decision.
If they wanted to be honest about the risks of using the software, and the fact that all results shown are not real, they would’ve told you in the sales materials. Instead, they chose to present you with lies and fake promises.
How Secret Millionaires Club Scam Makes Money Off You
If you decide to sign up for the software, you’ll have to register for a broker account through their sales page (which is an affiliate link). The scammers behind Secret Millionaires Club will earn a sum of referral fees as soon as you deposit into the account.
I was assigned to Binary Book, an affiliated broker with Secret Millionaires Club. The minimum deposit with Binary Book is $250.
You may be assigned to different brokers depending on your country and location. However, the minimum deposit of most brokers is a standard $250.
Even if you already have an account with their recommended broker, you have to register for a new one using a different email address. This is because the scammers behind Secret Millionaires Club cannot collect their referral fees unless you sign up for a trading account through their affiliate link.
And what happens when you finally deposit the money and lose all your money using their automated software? You are left on your own and you cannot take any legal actions against the scammers, because it is already stated in the disclaimer that using the software is your own decision.
Is Secret Millionaires Club a Scam?
YES, SECRET MILLIONAIRES CLUB IS A SCAM. As we’ve said in the review earlier, we don’t recommend binary options trading as a way to make money online, at all. It’s not that different from gambling, and using an automated trading software is no different. You are essentially putting your hopes and entire investment in a piece of software that gambles on your behalf.
You are more likely to end up losing all your money than making any significant profit. If you have some cash to spare for entertainment, you may go ahead and try it out. But you’ll be better off spending it on a nice dinner with your loved ones.
If you are determined to make money online, you must use a legitimate program that will provide you proper trainings and help you build your own business. We have tried out many programs, and there is only one program we recommend to our readers:
Have you encountered any online scams before? Personally I’ve fallen for a few before coming across the legitimate one, so let us know in the comments below if you have any personal experience to share!