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Published on January 3rd, 2020 | by Sara Kane

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Millionaire detector review: Scam or legit?

Millionaire detector review: Scam or legit? Sara Kane
Company Information
Strategy
Trading Results
Client Feedback
Customer Support

Summary: Millionaire detector does not seem to be reliable or genuine. The application has multiple brand names and lacks technical information and strategic validation.

2.4


The millionaire detector (also known as Bitcoin Era) is a trading app that is available as a software as well. It is supposed to act as a trading robot and identify the best binary trading options in financial markets. It claims to create thousands of dollars from an initial deposit of a few hundred. The makers of this software claim that it can detect the most profitable trades in the market and select those specifically to help double or even triple your investment.

This app is created by the same group that created the Lie detector millionaire. Since then, that app was pointed to be a scam by many users. Many people lost their money investing in that scam. Millionaire detector is created by a similar company. They have no physical address, phone numbers, etc. They have a website that appears to have since gone down. Judging by the lack of their history, this is the first indication that this is a scam.

Millionaire Detector Review

The millionaire detector primarily operates on the expectation that your money will be invested in the best trades. If you are a new trader in binary options trading or in the cryptocurrency market, you may have difficulty predicting the most profitable trades. After all, it takes a lot of time to keep an eye on the market and look for the most profitable options. You may have trouble looking at the stats of each trade as well as different exchange rates, etc.

The millionaire trading software claims to make this process easy for new traders and can act as a broker in a certain way. Not only does it claim that it can detect the most profitable trades, but it can also make the trades for you. With an initial investment of only $250, it claims that you can earn thousands every week. However, there are many indicators that they do this trading through shady brokers, which could cause you to lose all your money.

Strategy

The millionaire detector is based on a fixed algorithm that can detect a mix of the most profitable trades from a variety of options. If you are looking to keep a diversified portfolio, then this software can help select the best trades from a variety of financial and crypto markets. It can help you trade in bitcoin, binary options trading as well as other cryptocurrencies.

 Although the company claims that the algorithm can detect changes in the market, it is actually based on fixed patterns. These are highly unstable as they may perform well in certain situations and they may cause you to lose money in other situations. These trades are completed through an external broker to which you may not have any access.

Below are a few more options for you to look into:

Analysis

  • Product: Automatic trading robot
  • Features: Portfolio management, automated trading, and profitable trade detection
  • Company type: Digital Company
  • Product strategy: This app uses algorithms that are supposed to detect profitable trading options in various financial markets and manage these trades through a broker.
  • Product results: This product has shown varying results in the market. It appears that it works based on random prediction, which is the same as just allowing the software to gamble for you.
  • Price: $250 deposit

Trading Results

The millionaire detector has produced mixed results since its release. It sometimes makes some profit for you and you may think it is consistent. However, investing more money in this app will only make you lose all your cash.

The company claims that it can turn an initial investment of $250 into more than $13000. However, these numbers have not been verified by any user and many users have reported getting losses from this software. Therefore, trading results are highly unreliable.

Client Feedback

The client feedback for the millionaire detector has been poor, most of the reviews that you will find on this product are negative and point towards the fact that it is a scam. Many review sites have supported this notion. Although there are positive reviews of the software that you can find online, it appears that these reviews are all fake because the same people endorsed the previous millionaire lie detector scam. Fake testimonials are usually indicators that the software is not legitimate.

Conclusion

There are many trading robots laiming that they can turn an initial investment into thousands by selecting the most profitable trading options from thousands of available trades. However, these are all scams and they do not provide any proof that their brokers are legitimate.

Also, many customers have complained about losing their investment to the broker’s associated with the millionaire detector software. Therefore, you should always use a verified broker to trade in the binary options and cryptocurrency markets in order to avoid scams such as these.

Have you had any experience with this application? If you have, do share with us in the comments section below!

– Happy Trading

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Disclaimer: Binary Today would like to remind you that the content contained in this website is not necessarily real-time nor accurate. Past performance does not guarantee future performance, the above is not indicative and is purely for educational purposes only. Relying on the above for investment, trading or betting in binary options or Forex is not advised unless done so with virtual money only.

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