Trading the financial markets is always a risky endeavor which is why we always find traders resorting to automated trading systems to help them simplify the trading process. Although there are many such systems available on the market, it is difficult for beginner traders to distinguish a legitimate trading solution from a scam. To help our readers in making a more informed decision regarding automated trading systems, we conduct in-depth reviews to determine whether they can perform as claimed.
For this review, we will look at the UnderDog Millionaire binary options trading system that is said to help beginner traders generate profits easily. So check out our review on the UnderDog Millionaire first before you consider investing your hard earned money.
Software: 100% Automated
Max Returns: Up to 90%
Minimum Deposit: $200
Countries: All nations
- Free Software
- Fabricated Trading Results
- Unregulated Brokers
Not Reliable Service
What is Underdog Millionaire Trading System?
Based on the promotional video for the UnderDog Millionaire, the software is said to be the creation of a German mathematician by the name of Albert Friedemann. After working tirelessly day and night, Albert Friedemann managed to come up with a system that doesn’t require any complex charts or trading strategies in order to trade the financial markets. The trading system is said to be able to achieve a trading accuracy of 95% which is perhaps the highest figure that we have ever come across for the online financial trading industry. To prove its efficiency, the presentation video also demonstrated the software in action with a few screen captures.
While the presentation video makes some impressive claims about the UnderDog Millionaire software, we found some disturbing discrepancies about it. From the screen captures of the trading account for the UnderDog Millionaire, we noted that while the trading balance is increasing everything else remains the same which is a virtual impossibility. For example, while the trading balance is increasing, the time stamp on the price chart doesn’t change as well as the number of trades made. This goes to prove that the screen shots were all edited and fake. The question that is if the UnderDog Millionaire is so accurate, why does the presentation video have to resort to edited and fake images to demonstrate its effectiveness?
As for the claim that the UnderDog Millionaire is able to achieve a win ratio of 95%, we found no proof that this is the case. In fact, we doubt very much the legitimacy of this claim as a win ratio is impossible to achieve unless you are a fortune teller or trading with insider information which is illegal.
How Does It Work?
The UnderDog Millionaire works by scanning the financial markets to look for profitable opportunities based on an analysis of all the available data. Once a profitable opportunity has been identified, it will generate a trading signal which will then be fed to a live feed stream which users of the UnderDog Millionaire software can access. Any user of the software can then use the information provided to place his or her trade. For beginner traders, there is also an auto trading feature which allows the system to trade on behalf of the traders.
To get access to the UnderDog Millionaire software, you need to first sign up and open a trading account with the recommended broker. And once you have completed the registration process and open a live trading account, you will also need to make an initial deposit of $250 before you can start trading.
Final Conclusion: is UnderDog Millionaire a scam?
From our observations, we have come to the conclusion that the UnderDog Millionaire trading system is nothing more than a scam. First of all, we couldn’t find any information about the so-called creator Albert Friedemann. Secondly, the fact that they resorted to fabricating trading results to showcase the efficiency of the UnderDog Millionaire goes to show that these individuals lack any professional ethics.
Therefore, we strongly urge our readers to refrain from utilizing this trading system as you can get better returns for your investments elsewhere.
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