In this review we are going to have a look at the “3 Week Millionaire” binary options scam by Sean Wallace.
What is the 3 Week Millionaire about
Wallace says in his video that he has a binary options trading system that can make you up to $50.000 per day. He wants you to become a beta tester that will use his system for free. He says that it is guaranteed that you will make money, if not, he will pay you $21.000 from his own pocket.
Unfortunately it is a lie. There are no guarantees, no contact information, no terms and conditions. The testimonials are fake, videos are made with paid actors, bank account statements are fake. But there is more.
Why is the 3 Week Millionaire a scam
Wallace says and do a lot of things that prove that he is a scammer:
- He shows that he makes exactly $10.000 with every binary options trade on different assets. But this is a nonsense, because no binary options broker has the same return ratio on every asset, it often varies between 60 and 85 %. So real profits would vary depending on the asset.
- There are a lot fake awards on the 3 Week Millionaire web site. It supposedly won the “Top profit system award” in 2014. Why would such a proven system need beta testers a year later?
- Fake counter. You can see a counter on the page that soon falls to 1 spot left. But reload the page and there will be 10 again.
- The profits from other traders are supposedly verified by a third party. But guess who is that third party? Tradeverify.net, which in fact is a verified scam designed to support binary options scams.
- Try to leave or close the 3 Week Millionaire page. You will be urged to stay and join by a pop-up window. Isn’t it strange that somebody is begging you to be allowed to supposedly make you money?
Don’t join the 3 Week Millionaire system. If you do, you will first have to open a binary options account and deposit money. The system will then trade your account and lose your money. It is not your aim, is it?
We keep repeating it, you can make money with binary options, but you first have to learn trading, build your own system and trade yourself.