Website: Millionaire Dream
This is a straight up binary options software scam. Turns out this has been around since 2015 but a large number of fake review sites have started promoting this again recently. After digging into this, I don't believe it will help you make easy money. In fact, you may end up losing it!
I was doing some research today and I noticed an alarming number of fake review websites that are all linking to this one scam. The deeper I dug into this, the worse it looked. In fact, the level of hype these people are using is nothing short of crazy.
According to the sales video you can "simply push 2 buttons to make over $11,000 in your first day" and go on to say that you are one of 7 lucky people that have been selected. I can assure you that no one has been "selected" at all, this site has been running since 2015 and has likely scammed many.
Pretty funny how they contradict themselves in the dashboard by saying there are currently 40 members online using the software and a banner constant flashing up saying "this person just activated the software" and so on. But I thought they said there were only 7 spots?
This clearly shows them catching themselves out on a dumb lie right off the bat.
How The Millionaire Dream Scam Works
It would be nice to think making money online was that simple, but unfortunately that's not how things work and these guys are selling you false hope to line their own pockets. Who are they exactly?
Your guess is as good as mine. The website is set to private and the supposed mastermind behind this identifies himself only as Chris so who knows who they really are.
One thing I do know is that they are affiliates for an online binary options broker and when you deposit your $250 (essential to activate the "software") they will make a commission.
So, when this "Chris" faker (pictured to the right) is telling you he's trying to help people with his amazing software, the reality is he just wants his commission after you deposit. It's really that simple.
As with all of these scams, they use fake video testimonials and reports to convince people that others are seeing awesome results. After doing some digging, I was unable to prove the people in the videos were actors but honestly, it's not hard to tell. After watching some of the people in these videos for a few minutes it is pretty obvious they are just paid actors.
Thankfully, I was able to prove that the testimonials on the actual page were fake:
Source 1: https://tineye.com/search/417e5cf941633d6aa37f3f4ac06b50ed3600de6b/
Source 2: https://tineye.com/search/69fc7846d230ab390b34205a4337acc7551cfbc8/
As you can see, these scammers have simply ripped images off the net and made up fake results. This is very common fair among these sites and unfortunately, it works.
The Trading Broker Is NOT Licensed
One of the most important things you can do to protect yourself when trading is to make sure the broker is licensed with the relevant regulatory agencies. In this case the 'millionaire dream' software uses a broker called Ivory Options which is owned by Arya Group LTD, they are not licensed.
They also have some alarming complaints from ex-members, the main complaint being that people cannot withdraw their money and they are being pressured to invest $1000's.
Here's what one person had this to say on the ScamBroker.com website about their experience:
I am having major difficulty by getting my money out of Ivory Options. They have past me onto 4 people already without any luck...
Depositing money with this broker presents a huge risk and an unnecessary one since the software isn't even legit to begin with. There are many legit brokers so it is not a good idea to chance it with unlicensed brokers like this with complaints against them.
Making money with binary options is entirely possible when you get hold of a genuine broker and educate yourself about trading the market properly. Buying into hype like this it really only goes one way... losing money and becoming very frustrated as a result.