China Millionaire: An International Binary Options Scam
Quick Summary of China Millionaire
Rating: 0.000001 It's a country-specific branded scam, nothing more.
The Good: Most of the videos are posted on YouTube, so you can easily fast forward through their sales spiels. And it's easy to discern that the comments are fake.
The Bad: Annoying announcer keeps telling you to fund your account now, right now, do it now.
The Bottom Line: My fortune cookie says "No deal" to this obvious binary options trading scam. If you're looking to make real money from home, look no further than our number one recommendation here.
China Millionaire Review
It seems that the Chinese government is hunting down a mathematical child prodigy by the name of Jin Lee. This child prodigy invented a revolutionary algorithm-based software called China Millionaire. The software predicts and automatically trades on price fluctuations in the binary options market.
Jin Lee discovered this binary options system while “roaming around in the deep interwebs” in his small village of Chengdu.
His discovery led to the creation of a “mega algorithm out of all of the algorithms that accounts for almost anything that happens in the binary market.” This mega algorithm had a correct prediction rate of 99.8%.
I think I saw this plot in a movie called Pi, except the guy being hunted wasn’t Chinese.
But now, Jin Lee and his binary options auto-trader are in trouble:
Luckily for you, there is still time to download this software and use it to get rich quick.
Are you buying this story just yet?
Who is Jin Lee?
Unfortunately, I was unable to locate the famous Chinese mathematician Jin Lee using Google search and LinkedIn. However, a quick image search of the person that is shown in the China Millionaire video as Jin Lee turned up this guy, whose stock image is labeled as “a strange Chinese guy hog.”
I think we just found our child prodigy.
Who are China Millionaire’s satisfied customers?
China Millionaire is so powerful, that it’s already helped these four users generate hundreds of thousands of dollars. Even better, all these profits were generated on auto-pilot. The users only had to turn the software on and it did the rest of the work for them.
Linda Napeier, for example, has already made $737,805. John’s made $386,231, Daniel’s made $417,577.23, and Chen’s made $464,069.
What’s even more amazing is that all these individuals are available as stock images:
China Millionaire also offers Facebook and Twitter testimonials as proof that it can make money fast for its users. Interestingly, two of the customers provided the exact same testimonial on Twitter.
Are you convinced yet?
China Millionaire costs nothing to download- it’s absolutely free! The announcer on the video, who is never named, assures us that Jin Lee’s product costs nothing and is not some pyramid scheme, MLM or some other sham product that eventually forces you to buy something else down the line. In fact:
The only thing you need to do is download the software and start trading.
You’ll also need to sign up with China Millionaire’s recommended broker, after which you’ll need to fund your account. Once you make your deposit, you’ll receive your ‘free’ copy of the software to activate and use.
If that’s the case, I get free stuff all the time when I go shopping at the grocery store and at retail shops. I just make a monetary deposit (usually through my credit card, though sometimes via cash) and the grocers and merchants give me free groceries, clothes, etc.
How much of a deposit is required to obtain the free China Millionaire software?
It’s emphasized several times that you could make a small monetary deposit of “as little as $250.” When you finally get to the brokerage area, you see the following screen. In my case, my ‘recommended broker” was BinaryBook.
Notice how the deposit area is already pre-filled with the amount of $250. When I tried to enter a lower amount such as $100, I was notified that a minimum of $250 was required.
China Millionaire states that the $250 deposit is your money and you can withdraw it at any time. However, BinaryBook is very likely to tack on a ‘welcome bonus’ once you fund your account. It’s difficult to discern if this bonus will appear automatically in your account, but from the language used, it appears that the answer is yes.
Once you accept the bonus money (and acceptance may not be a choice) you won’t be able to withdraw your funds until you’ve made a certain number of trades. By then, you will be very likely to have lost both the bonus money and your initial deposit.
Why do I say this?
Because, given the evidence that Jin Lee is a fictitious character and the testimonials are fabricated, it’s likely that the highly touted China Millionaire software also doesn’t exist. If that’s the case, you won’t be making those amazing 99.8% winning trades.
Who really makes money with China Millionaire?
Incidentally, someone will be making money via China Millionaire:
In fact, China Millionaire offers quite a hefty commission to affiliates who can get their conversions (i.e., duped customers) to upgrade. This also explains why the China Millionaire sales page is littered with affiliate codes like these:
<iframe src=”http://tracking.binarypromos.com/aff_c?offer_id=1574&aff_id=5282&url_id=14956&aff_sub1=1221613770&aff_sub2=&aff_sub5=hydro123″ id=”tracking-link-1433912245158″ style=”display:none”></iframe>
Who won’t make money with China Millionaire?
This is a clear and straightforward answer: You. If you wish to try out binary options, use a brokerage that is verified and SEC-recognized. Better yet, forget about the world of binary options trading and focus on online business opportunities that actually pan out.
How Does China Millionaire Compare?
It doesn’t. It’s not a real opportunity. It’s a program designed to rob you of $500.
I’ve Tried That has been reviewing products since 2007. In that time, there’s one program that stands above the rest. It’s free to get started, has no ridiculous hidden charges, and will help you build a sustainable income from home.