The Millionaires Maker system found at themillionairesmaker.com promises you extremely quick riches trading online. Can they be trusted? More importantly, is The Millionaires Maker a scam? Let’s find out in The Millionaires Maker review.
Name: The Millionaires Maker
Website: themillionairesmaker.com
Owner: Todd Salerno
Price: $250 min. deposit
Recommended? Not Recommended
The Millionaires Maker Review
There is no such thing as money-making app, let alone getting it for 100% free
The Millionaires Maker scam (it is a scam) features Todd Salerno as the alleged owner of the binary trading software. However, he doesn’t really make an appearance in the sales videos.
The sales videos mostly feature the fake testimonials of some Fiverr actors and actresses. These people are paid to read any script like it’s a real testimonials, and their services can be found on this Fiverr page. It’s called buying a testimonial.
One of the actresses in The Millionaires Maker sales video is also featured on another binary trading software scam called The Aussie Method. Compare the image below with the first image in this review.
The same Fiverr actress giving fake testimonials to both The Millionaires Maker and Aussie Method binary software scams
I do not condone nor condemn the fake testimonials, but I want you to be aware of this – that fake testimonials can easily be bought online.
So stay vigilant and don’t be fooled, as The Millionaires Maker is just another binary trading software scam.
What is Binary Trading?
Before we continue with the review, we will explain how binary trading works to make sure everyone is on the same page. If you have experience with binary trading, you may skip this section.
Binary trading is basically trading stripped down to its simplest form. Instead of reading financial news and analyzing charts, with binary options, you only predict 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. There’s no middle ground (hence the name binary, or two options).
This is how it works – let’s say I feel that the price of EURUSD exchange rate will rise 3 minutes from now, and I bet $50 on a 3-minutes contract. When the contract expires, and if I am correct, I’ll win a certain percentage of what I bet, usually between 60% to 80% ($30 to $40). But what if I’m wrong? I lose the entire $50 that I bet.
You should see by now that trading binary options is not that different from your average gambling. There’s no way to make an educated guess on the market’s movements in such a short period of time. How do you predict the outcome of a coin toss? You only rely on pure luck and gut feelings.
The same goes for binary trading. Even if you manage a decent 50% win rate, you’ll still lose money given the uneven winning vs losing payout. That’s how the brokers make big money off the traders.
Please note that we do not recommend binary options if you want to generate serious income from the internet. It’s one of the worst possible ways to make money online. There are simply better alternatives out there that are much more promising than trying to gamble your way to wealth.
How Does The Millionaires Maker work?
Back to The Millionaires Maker scam.
After feeding you some fake and unrealistic testimonials, Todd Salerno claims that he has created The Millionaires Maker to work on full autopilot. You only have to click a few buttons to start the app, and see your profits roll in.
Is it really that simple? If it is, we’ll have millionaires everywhere who only click a few buttons every day and don’t have to work!
Apparently Todd Salerno wants you to believe his outrageous lies. In fact, instead of making you a millionaire, you are making Todd Salerno a millionaire by handing your hard-earned money to him.
You are in fact, the millionaire maker.
What The Millionaires Maker Doesn’t Want You to Know
The Millionaires Maker scam has some dark secrets hidden in the disclaimer
(click to enlarge)
If you take some time to read the earnings disclaimer hidden at the bottom of their homepage (in fine prints), you’ll realize that Todd Salerno and The Millionaires Maker scam have some dark secrets they don’t want you to know.
You can click the image to enlarge it, and allow me to spell out the critical terms here:
- Examples in these materials are not to be taken as a promise or guarantee of earnings.
- Earning potential is entirely dependent on the person using our product, ideas, techniques and effort.
- We do not purport this as “get rich scheme”, nor should you view it as such.
- Sales materials are intended to express our opinion of earnings potential.
From these terms, we can conclude several facts about The Millionaires Maker scam:
- Despite giving multiple testimonials and promises, The Millionaires Maker doesn’t guarantee any earnings.
- Despite being a fully autopilot app, somehow your earning potential is entirely dependent on your techniques. What happened to the one-click software?
- Despite promising you quick riches, you should not view it as a “get rich scheme”.
- There wasn’t any real earnings made from The Millionaire Maker system. All numbers provided are to express the scammers’ opinion of earnings potential.
Why does The Millionaires Maker include such terms in their disclaimer? The sole purpose is to protect them from legal actions when you lose all your money using their software.
Despite the way they sugarcoat binary trading and the guarantees they provide in the sales materials, Todd Salerno and The Millionaires Maker will not be responsible when you lose all your trading capital.
How Does The Millionaires Maker Make Money Off You?
You may wonder why Todd Salerno makes so much effort to promote The Millionaires Maker software just to give it away for free.
If you decide to join The Millionaires Maker and open a binary trading account through their sales page (which contains an affiliate link), Todd Salerno and the team behind The Millionaires Maker will earn a sum of referral fees as soon as you make your first deposit.
You can’t use their software even if you already have an account with Magnum Options. You need to register for a new Magnum Options account, because the scammers behind The Millionaire Makers cannot earn their referral fees if you don’t create an account through their affiliate link.
Not only that, The Millionaires Maker will continue to earn commissions off you over the long term. The team behind the scam will make a commission for every trade that their software makes for you.
The Millionaires Maker will profit regardless of whether you make or lose money, all by RISKING YOUR ACCOUNT.
Is The Millionaires Trader a Scam?
YES, IT 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 basically the same as gambling, and using an automated trading software doesn’t make a difference. 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:
Read Our Review of the Most Recommended Internet Business Opportunity Here.
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!
Rose
Is there one that is not a scam
Edward
Hi Rose,
Yes there is. Read my review here http://mastermyfinance.com/wealthy-affiliate-review-make-profitable-website/