China Millionaire Review
The most obvious way to identify a scammer, whether it is the China Millionaire scam or a street trick, is by the lies they tell. To successfully complete a scam you need a false identity and to create false promises. This can actually make it easier to identify the scammers; study the facts they present to see if they are true or not!
China Millionaire. Is It a Scam?
This software relies on the fact that there are already hundreds of millionaires in China. The premise is that one young lad turned to the internet to earn money and created his own algorithm; with a 99.8% win rate! This enabled him and many other people in China to become millionaires!
Of course, the first big indicator that this is just a China Millionaire scam is that the Chinese government does not allow free access to the internet. The idea that a normal young lad could make a fortune in binary trading is virtually impossible.
Warnings of the China Millionaire Scam
A search of the internet will reveal no record of a Jin Lee; the supposedly mathematical genius and founder of this system. In fact, the fleeting image of Jin lee in the promotional film looks like a stock image from the internet!
But this is not the only indication of a China Millionaire scam: Fake security badges show endorsements the site does not have. In addition you will find Chinese reviews although they are written by images of western people. There are even testimonials from actors who have been seen in other scams.
The Introduction
The China Millionaire scam relies on you not checking the facts for yourself. They claim China now has the second most number of millionaires in the world. However, they are actually fourth; Japan is second!
It also uses pressure tactics such as a counter which shows a limited number of places available. However, if you refresh the page, so will the counter!
In addition there are links to Facebook and Twitter which cannot be verified; making a testimonial look real but not providing you with the opportunity to verify this.
Joining the China Millionaire Scam
If you decide this is the right software for you then you can register on their webpage. You will then be given a congratulatory speech before being redirected to an affiliated broker page.
At this point you will need to create and fund a trading account. Some of the funds you pay into this will go to the China Millionaire as a commission for the introduction. You will then see some live trading accounts which justify the returns you will generate.
This is also the last time you will see your funds!
Conclusion
China Millionaire is real scam. Your funds will disappear without generating a return. The lack of real proof of their claims and false testimonials should be enough to set the alarm bells ringing in your head. If you are really interested in investing in binary options; do your research first and find the right software.
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