Today we are going to review a very aggressively promoted binary options scam under the name of 2014 Millionaire. We feel that this is something really big, because it is being promoted under different names like The 1 Percent Club or Binary Predictor. Plus it changes in time, some of these names now redirect to different scams.
The basic principle is always the same. A supposed genius programmed a binary options trading system that will automatically trade your account and make you tons of money. And it is free, so they stress that you don’t have anything to lose. But you have and you will, if you join them.
Let us again explain that these people have affiliate contracts with their binary options brokers. So they will get paid a commission for each trader that deposit money to a trading account opened via their affiliate link.
So what these people need to do is to make you open an account and deposit money. After that they get paid and that’s it, they won’t care about you. So let’s say it openly, this binary options trading system will ruin your account, it is a pure scam, nothing else, you will lose all your deposits if you let their software trade your account. Be it the 2014 Millionaire or any other project of this kind, don’t trust them!
The trading results they present on their web sites are fake, the people speaking about their fortunes are hired actors, everything is just a huge scam with the only purpose to make you deposit money on a binary options trading account.
You can see it easily, because they force you to open an account and deposit, they use phrases such as: “You must fund your account right now, your membership is not active until you do it.”
And the 2014 Millionaire is standing out by being really disgusting. They say that you have to pay 50 thousands dollars to charity from your earnings, so they make think that it is a sure thing, that you will make money and be able to give a part of it to charity. It is a big lie, you will just lose.
You can always subscribe with a secondary e-mail address and see how aggressively they will spam you with calls to open an account and deposit. Ask yourself: Is this what would do somebody who is making big money with a trading system of their own? Why would somebody making a fortune force you to trade his system for free and make money the same way? You’re right, it is a huge nonsense.
Last but not least, the 2014 Millionaire pushes you to open an account with the broker Option.fm based in Hong Kong. This is another reason to stay away. Option.fm is an unregulated broker, so there is a good chance that you would never see your money again even if you trade by yourself and make real profits.
Binary options are a wonderful trading instrument, but the way they are being misused for these scams is horrible. If you really want to try binary options trading, try it with a trusted broker that won’t run away with your money. And build your own system, you have to learn trading, there are no shortcuts with automated systems, but it can be done.