Today, everyone is looking for get-rich-quick schemes, and usually, that is exactly what they get. In fact, that is how I found Millionaire Circle. I am not saying it is one of those pages, but certainly, they make it difficult to think otherwise. I don't understand how companies still feel that it is attractive and trustworthy to create websites that lack information and content. They don't provide you with direct and real details about what they are offering and how much it costs. Do they not see that that makes them all the less trustworthy?
With that said, I have learned that even genuine companies have started doing just that instead of the scams picking up a more traditional and direct approach. Today, binary options have grown in popularity tenfold, and this means that there are new systems for trading binary options popping up every day. With that said, most likely, if you are reading this, you have already realized that deciding which one to go with is much harder said than done.
What is the Millionaire Circle?
If you have never heard of binary options before, then most likely, their websites will provide absolutely no information. Actually, it consists of nothing more than two pages of videos, there are 2 videos, one to greet you before you enter your email address and then another one coercing you to provide the rest of your contact information. There are, of course, images of bank statements that mean absolutely nothing because images like these are easily edited in Photoshop, not to mention that you have no idea how you are really making this money. Yes, the videos discuss what binary options are and go a little bit into detail about what you are getting yourself into, but who actually watches these videos, seriously?
They do claim that once you start and deposit the minimum amount of money, you will start earning up to $15,000 a day, and within a year, you can easily be a millionaire. That is very true. Yes, there have been traders who have become millionaires with such systems and through binary options, but trust me, they are very, very few.
This is basically a system that connects you with binary options brokers who give signals to the system on how to react to different options. You can either buy it yourself or let the system take over and spend your money for you. If you have never dealt with binary options in the past, I highly recommend that before you start experimenting on your own, you allow the system to do its thing while you observe, read up on binary options, and follow the market for a while. Regardless, though, professional or newbie to binary options, there is always a risk.
The Millionaire Circle is definitely onto something, though, as are the thousands of other similar systems. Binary options really are the simplest form of options today and are the easiest to trade. They trade price fluctuations on numerous markets and are based on estimates of underlying assets during a set period of time. So, not only do you know when but actually, you also know the potential return you could make or lose before you purchase. They work on a simple two-answer system, either call/up or put/down. The rate is fixed, so you never lose more than you risk and never make more than you expect.
Pros of Millionaire Circle:
- Automated or manual trading
- Professional brokers input
- No experience required
- Assistance with trading
Cons of Millionaire Circle:
- Cannot use your current broker (must select from their list)
- Very little information on the website
- There IS a risk
- The minimum amount to deposit is $250
Firstly, I do want to mention that I did go as far as to enter their system. I did not make a deposit and trade, but I wanted to see if it was simple to use and understandable. They do have a lot of advertisements, so it is a bit busy, but once you get used to it and start to focus on what is important, it is pretty straightforward.
I found different opinions and views on the website. Some claimed that they made thousands in the first week, while others feel that they have been scammed as their initial deposit completely disappeared in no time. This is understandable. Considering that Binary Options are basically playing on the market, regardless of how much the risk and difficulty are downplayed, which means that some win and some lose. Unfortunately, one thing that I did read more than once was that their system lags a bit at times, which causes losses. I did once again get conflicting reviews on this, so I am guessing that this depends on how many people are on the system.
Sometimes, there are 10, while others, there may be thousands, which could mean that during peak hours when people are using the system, it could possibly lag. Still, there are people who have made money from this, and I am not talking about the fake testimonials on the official website. These are people who provide more detailed information in forums and comments in reviews of this website. Though not everything can be trusted online these days, marketers have gotten so uncreative that it is easy to pinpoint when it is simply a marketing scheme to convince you of how great their product is through a fake testimonial.
Should you Try Millionaire Circle?
Do you feel lucky? Honestly, read up on it, and check out more information on Binary Options, as the more you know, the less the risk. Though the risk will always stand with binary options, it is important that you select a system that is suitable for you. Give them a try, you don't actually have to deposit money to enter their system and explore it. Follow it for a while and observe the way it works.
There is no way for them to scam you as, technically, they get money only when you trade through the brokers and mainly when you win. You technically pay them nothing for using the system, and you do not have a per cent taken away to pay them. I don't think that Millionaire Circle is a scam, but it definitely is a risk, as with all other similar systems trading binary options.