CHEAP SCAM: Penny Millionaire review

In this review of Penny Millionaire we prove that it is a binary options scam. It is presented by David Forrster.

Forrster says that Penny Millionaire is a lottery that can make you a millionaire in one month. It is based on trading binary options and the compounding effect.

And Penny Millionaire is free, so that’s it, you can become a millionaire for free. Pretty normal, isn’t it?

Penny Millionaire lottery is a scam

First of all Penny Millionaire is not a lottery, it is a pure scam. Anybody can register at any time, free spots are unlimited.

Secondly the story is a total nonsense. You cannot start trading with one penny/cent. You just cannot, because no broker will allow you to open an account with one cent.

And doubling your trading capital every day when the best hedge funds in the world make around 30 percent per year? Another nonsense. You would need huge luck to double your money in one month and it is practically impossible to achieve it every month. Doing it every day is pure fiction, believe us, we are traders.

Fake awards and reviews

On the Penny Millionaire website you can see some awards and reviews, but they are all fake. It is pure fiction again.

Media like Techfinanciall or Entrepreneur Today do not even exist, you can check it. And the awards are just images, there is no real entity behind them, no real third party that gives these awards. It’s just a photoshop game.


All the people you can see in the Penny Millionaire video are paid actors. None of them is a real user of this trading system.

Testimonials on the webpage are fake too, they were made with stolen photos. Look at the proof on the image.

Scam software

The best proof that Penny Millionaire is a scam is the trading software they give you. It is an app used by many binary options scams.

Look at the picture to see some examples of other scams that use this same software, like Binatrust or Aurum Tech.

Scammers only change the logo and the colors. We know from real users that this software is losing money in real trading!

How it really works

As we said earlier, Penny Millionaire is not a lottery. It is a scam that abuses binary options. People who created are affiliated with a broker that is paying them for referring new depositing clients.

So the entire story is a big lie designed to make you deposit at least $250 with a selected broker, because that is what scammers are getting paid for.

If you deposit with them and let Penny Millionaire trade your account, you will lose your money. That’s it.


Penny Millionaire is a simple scam that earns money to scammers and will lose money that you will be forced to deposit.

It doesn’t mean you cannot make money with binary options, you can, but it won’t be a million dollars in one month. You can try a free demo account with a regulated broker to see what the possibilities are and what you need to learn.

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2 thoughts on “CHEAP SCAM: Penny Millionaire review

  1. Hi your site is the first to say that PM is a scam. I’ve had trouble trying to sign up to it, as I’ve googled the brokers that have been given to me and I’m not happy with them.
    So can you recommend a good signal provider please?
    Thank you.

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