Today everyone is looking for a get rich quick schemes and usually thatâ€™s exactly what they get, in fact, that is how I found Millionaire Circle. I am not saying itâ€™s one of those pages, but certainly, they make it difficult to think otherwise. I donâ€™t understand how companies still feel that it is attractive and trustworthy to create websites that lack information and content. They donâ€™t provide you with direct and real details about what they are offering and how much it costs. Do they not see that that makes them all the less trustworthy?
With that said, I have learned that even genuine companies have started doing just that instead of the scams picking up more traditional and direct approach. Today binary options have grown in popularity by ten-fold and this means that there are new systems for trading binary options popping up every day. With that said, most likely, if you are reading this, you have already realized that deciding which one to go with is much harder said than done.
What is the Millionaire Circle?
If you have never heard of binary options before then most likely their websites will provide absolutely no information. Actually, it consists of nothing more than two pages of videos, there are 2 videos, one to greet you before you enter your email address, and then another one coercing you to provide the rest of your contact information. There are of course images of bank statements that mean absolutely nothing because images like these are easily edited in Photoshop, not to mention that you have no idea how you are really making this money. Yes, the videos discuss what binary options are and go a little bit into detail about what you are getting yourself into, but who actually watches these videos, seriously.
They do claim that once you start and deposit the minimum amount of money you will start earning up to $15,000 a day and within a year you can easily be a millionaire. Very true, yes, there have been traders that have become millionaires with such systems and through binary options, but trust me, they are very very few.
This is basically a system that connects you with binary option brokers who give signals to the system on how to react to different options. You can either do the buying yourself or let the system take over and spend your money for you. If you have never dealt with binary options in the past I highly recommend that before you start experimenting on your own you allow the system to do its thing while you observe, read up on binary options, and follow the market for a while. Regardless though, professional or newbie to binary options, there is always a risk.
What are Binary Options
The Millionaire Circle is definitely onto something though, as are the thousands of other similar systems. Binary options really are the simplest form of options today and are the easiest to trade. They trade price fluctuations on numerous markets and are based on estimates of underlying assets during a set period of time. So, not only do you know when but actually, you also know the potential return you could make, or lose, before you purchase. They work on a simple two answer system, either â€œcall/upâ€ or â€œput/downâ€. The rate is fixed so you never lose more than you risk and never make more than you expect.
Pros of Millionaire Circle
- Automated or manual trading
- Professional brokers input
- No experience required
- Assistance with trading
Cons of Millionaire Circle
- Cannot use your current broker (must select from their list)
- Very little information on the website
- There IS a risk
- Minimum amount to deposit is $250
What Everyone is Saying about Millionaire Circle
Firstly, I do want to mention that I did go as far as to enter their system. I did not make a deposit and trade, but I wanted to see if it was simple to use and understandable. They do have a lot of advertisements so itâ€™s a bit busy but once you get used to it and start to focus on whatâ€™s important itâ€™s pretty straightforward.
I found different opinions and views for the website. Some claimed that they have made thousands in the first week while others feel that they have been scammed as their initial deposit completely disappeared in no time. This is understandable. Considering that Binary Options are basically playing on the market, regardless how much the risk and difficulty are downplayed, which means that some win some lose. Unfortunately, one thing that I did read more than once was that their system lags a bit at times which causes losses. I did once again get conflicting reviews on this so I am guessing that this is depending on how many people are on the system. Sometimes there are 10 while others there may be thousands which could mean that during peak hours when people are using the system it could possibly lag. Still, there are people that have made money from this, and I am not talking about the fake testimonials on the official website. These are people that provide more detailed information in forums and comments in reviews of this website. Though not everything can be trusted online these days, marketers have gotten so uncreative that it is easy to pinpoint when itâ€™s simply a marketing scheme to convince you of how great their product is though a fake testimonial.
Should you Try Millionaire Circle?
Do you feel lucky? Honestly, read up on it, check out more information on Binary Options as the more you know the less the risk. Though the risk will always stand with binary options it is important that you select a system that is suitable for you. Give them a try, you donâ€™t actually have to deposit money to enter their system and explore it. Follow it for a while and observe the way it works. There is no way for them to scam you as technically they get money only when you trade through the brokers, and mainly when you win. You technically pay them nothing for using the system and you do not have a percent taken away to pay them. I donâ€™t think that Millionaire Circle is a scam but it definitely is a risk as with all other similar systems trading binary options.