Millionaire Detector Review
The crypto trading world is becoming much more competitive these days. There are thousands of different people looking to improve their trading strategies to become some of the best traders out there. Thanks to the addition of trading robots, many people have had an easier way to achieve these goals.
Considering how many new traders get into the market each day, trading apps are becoming more of a necessity than an option. Getting information about cryptocurrencies is easy, but it can also get overwhelming at times because there’s way too much to consider regarding content.
However, not all trading platforms work with your best interest in mind. Some trading apps were designed to scam their users and get their money without giving them anything in return; that’s why we came up with these reviews.
- 1 Millionaire Detector Review
- 1.1 Should You Invest in Millionaire Detector?
- 1.2 What Do You Need to Do to Find the Right Trading Robot?
- 1.3 What Is Millionaire Detector?
- 1.4 What Does Its Website Say?
- 1.5 Does the Millionaire Detector Platform Work?
- 1.6 Deposit and Withdrawal Processes
- 1.7 Brokers
- 1.8 Testimonials
- 1.9 Is Millionaire Detector Legit? | Our Verdict
Our goal is for people to work in a safer trading environment, and to achieve that, we’re going to review as many of these trading robots as possible so that you have a wide list of software to get (and software to avoid).
Today, we’re going to take a look at Millionaire Detector, which is a trading robot that claims it can give you a wide overview of how the market behaves so that you can make better trading decisions. The chances are you heard about Millionaire Detector through an email, so you must get as much information about it as possible before creating an account there.
This Millionaire Detector review covers everything regarding its website, platform, and extra features. If you’re eager to know our verdict for this software, keep reading!
Should You Invest in Millionaire Detector?
We pride ourselves in being a team that goes over each detail of the trading app so that we can give you an honest and objective review. As mentioned before, there are hundreds of different apps on the market, so it may be a bit hard to tell which one can be the right service to use.
Moreover, some scammers have replicated the most popular trading apps on the market accurately, making it challenging for beginners to tell the difference. Regardless of the case, we advise all traders to stay away from trading on a particular website until they have enough information about the service.
As mentioned before, we’re going to go over each small detail regarding Millionaire Detector, so you can rest assured you’re going to have an answer on whether you should use it or not for your trading journey.
What Do You Need to Do to Find the Right Trading Robot?
Some of the things you can start doing today to avoid falling into a scam involve the following:
The most important thing to do is to investigate the software you’re looking to use. You may look for news reports, online searches, or reviews (as you’re doing right now!) Thanks to these items, you can have a better understanding of what the company can offer you, as well as a couple of user reviews if you can find them.
Social media is a great place to gather information about a product or service. However, social media is also filled with fake reviews, comments, and users. Make sure you’re reading reviews from qualified and reliable people.
While most trading companies are going to ask you for personal information (email address, phone number, etc.) you must be careful with unlicensed companies that ask you to install suspicious software. That software could potentially harm your device or steal your information.
If something sounds too good to be true, it probably is. Most scammers try their best to make the trading process seem way too easy for people, luring them in. Keep in mind that trading is not an easy activity, so any person claiming otherwise is likely lying.
If you want to become an expert trader, you must know you’re going to find yourself making a lot of deposits and withdrawals. As a rule of thumb, these processes must be easy to complete. Most scammers ask for large minimum deposits and limited withdrawals, so make sure to pay attention to these things.
What Is Millionaire Detector?
Millionaire Detector (according to its developers) is a trading robot that can help you optimize your trading through auto trades. Something we found weird right at the start was in the promotional video the company used.
Most trading companies welcome users to their website with a promotional video that showcases the robot’s benefits. However, Millionaire Detector’s video showed someone who allegedly ‘went through a lie detector device’ while he was talking about his profits with the app.
Logically, the person in the video claimed he passed the lie detector test, but there’s no evidence that his claims are true. Moreover, he claims the app can help you make ‘thousands’ each week without you having to do anything; not only that’s impossible, but the claim itself doesn’t even make sense.
A primary sign of a fake trading website is that it starts by giving you unrealistic profit expectations. As mentioned before, trading is a complicated activity, and crypto trading is one of the most volatile financial activities you can do today. Unfortunately, we can’t trust a company that starts off its website telling people that they can earn thousands of dollars without having to do anything.
Finally, the top of the website has a small text box that says “XX Free Places Left.” This is something many scammers do to cause a sensation of urgency in new users and make them sign up immediately. We’re here to tell you that all of that is a lie.
You could register at any point you want. Whether you check the website today or two months from now, there are always going to be ‘Free Places Left.’
What Does Its Website Say?
One of the primary purposes of a trading app is to help people trade better and make better trading strategies in a shorter amount of time. Saying that a trading robot is supposed to take care of the process for you entirely doesn’t make sense; everyone would be doing it!
There are many generic claims about how the platform itself works, so there wasn’t much we could conclude from that information until we tested the platform ourselves.
As for the ‘About Us’ page, which is often a great place for people to know more information about the developers, there’s wasn’t too much to find there either. The company behind Millionaire Detector preferred to remain anonymous (aside from the video with the man talking about how he passed a lie detector test).
Overall, the website doesn’t have any contact information or physical address that could get traced back to the company. This is a problem since it means you cannot contact anyone in case you don’t get your money back. Moreover, the company doesn’t seem to be regulated by any financial institution in the trading industry, making it a potentially illegal company.
Does the Millionaire Detector Platform Work?
Creating an account took us less than five minutes, and we were quickly given the ‘software.’ At first glance, the platform seems to be legit, but considering all the red flags we saw in the website’s content, we decided to take it one step further.
After making a deposit and making some simple adjustments to the parameters, we let the robot work for a while. At the end of the day, we noticed a strange pattern of ‘positive trades.’ In essence, we were winning most – if not all – of our trades, which is impossible in crypto trading.
While you can definitely have a great trading day and make several positive trades, it’s virtually impossible to win all of your trades. Trading Millionaire supposedly works with an algorithm that can predict market behavior in a short amount of time. However, we didn’t find any evidence backing up these claims.
Considering the patterns that we just talked to you about, we assumed that all of the trades we ‘won’ were rigged and not real. Some scammers do this to make the trader believe they’re making significant profits from their trades without doing anything, making them invest more money.
Expert traders are quickly going to notice that those trades are fake and don’t represent any real gains.
Deposit and Withdrawal Processes
You should be able to invest any amount of money you feel comfortable with in a legitimate trading robot, so keep that in mind.
As for withdrawals, there isn’t any real ‘withdrawal process’ for users. We mentioned before that this process must be easy to complete. In the case of Millionaire Detector, the platform failed to release our money multiple times, which led us to believe that the withdrawal platform isn’t even real.
If you ever find yourself in these cases, we suggest you save any emails you got from the company as evidence and make a chargeback request with your bank (if possible). Moreover, you can write about your experience online to help other people not fall into the scam.
Legitimate trading companies are always going to provide you with evidence regarding their brokers since those are the people responsible for executing your trades correctly. If you work with an unregulated trader, they could get your money and use it in any way they want to without your permission.
You must always look for a company that is transparent with its claims; that way, you can save yourself from a lot of headaches in the future.
Moreover, some of the testimonials said unrealistic things, such as being able to make up to $10,000 in the first week. Any trading website filled with claims like these is likely a scam.
Is Millionaire Detector Legit? | Our Verdict
In case you want to trade with a reliable robot, there are dozens of legit companies out there. We’ve reviewed some of them on this website, so make sure to read our reviews and choose something that best fits your needs!