It seems that every day there is a new binary options software program appears like magic online claiming to be the best of the best. And yet, so many of them turn out to be pure frauds. So how does one tell the good from the bad?
We have taken it upon ourselves to review one of these newer systems: Millionaire Shield. In our Millionaire Shield review, we shall uncover the truth about this latest binary options software scheme.
Software: 100% Automated
Max Returns: Up to 86%
Minimum Deposit: $250
Countries: All nations
– 100% automated trading signals
– Easy to use for those new to trading
– Lack of customer services
– Missing information on company website
– Profit margin is completely unrealistic
– Way too many complaints from traders who lost their investment
Not Reliable Service
What is Millionaire Shield?
Stephen Hulsman, the creator of the Millionaire Shield, tells us in the preliminary sales video that his creation can earn traders millions of dollars while “shielding” them from a sudden market “crisis.” His software supposedly is comprised of a series of complicated algorithms designed to predict binary options trading signals no matter what the current status of the market may be. He does not explain how this works, just rattles off a bunch of mumbo-jumbo that frankly does not make any sense.
Upon further investigation, we have discovered that Stephen Hulsman is not who he claims to be. Rather he is a paid actor from Fiverr.com, a popular site for scam actors it appears. Nor could we find any relevant information to prove that the Millionaire Shield is a legitimate organization. We have our reasons to doubt the validity of this trading software.
How does it work?
Millionaire Shield is a fully automated trading robot, so all you need to do is sign with one of their brokers, pick your trading settings and let the system make trades on your behalf from its supposed guaranteed trading signals. According to Hulsman, Millionaire Shield can earn up to 7 grand a day. Again, as we have stated in previous reviews, this number is just not realistic. Binary options trading can be very profitable, but no system can generate this amount of money for one trader in just 24 hours.
Also, despite the claims made by the CEO, Millionaire Shield is not free. This goes for any trading software program. There may be no additional costs for the software, but you cannot access the system until you have funded your account with an opening deposit. The average is at least $250. Of course, you can use this money for trading, but don’t let anyone tell you that it doesn’t cost a dime. You will always need to fund your account to begin trading.
We also discovered in our investigation of this system that none of their brokers are regulated so this means that they do not have to answer to a governing body. This does not bode well with us. We highly recommend that you avoid Millionaire Shield and opt for a more trusted trading system.
Final Conclusion: Is Millionaire Shield a Scam?
We do not have enough proof to say for certain that Millionaire Shield is a definite con, but we are leaning toward this assumption. The projected earnings are just too far-fetched. Also, the lack of customer service support leaves us a bit weary as well as the fact that we cannot find any solid information on the company. And as we mentioned the creator isn’t even a real person. We advise that if you chose to use this system then do it with utmost caution. It would be in your best interest to opt for a more tested and accurate trading system.
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