Brexit Money Machine Review – Binary Options Trading Scam Exposed
The Brexit Money Machines proclaims to be a successful Binary Trading Software that will generate up to $1,000 in profits per day. As its name suggests “Brexit” is allegedly an algorithm developed as a response to the extreme level of volatility in the aftermath of Brexit and is able to exploit those trading opportunities. The Brexit is a big event risk that is occurring in Europe with the UK voters’ decision to leave the European Union.
Apparently, some scam artists decided to create a binary option scam surrounding itself by the Brexit movement, so in this review, I’m going to expose some of the scamming factors and to give you an idea of how misleading and dangerous this Brexit Money Machines scam is.
Binary Options, general speaking, are legit… these are options to trade on the market that enables traders to win or lose large sums of money, however the people behind the Brexit Money Machine know that the appeal to an ignorant or uneducated investor to make 90% to 100% return on your money is very attractive.
The Brexit machine software literally guarantees traders that you can make a minimum of $5000 per day within your first 24h after activation and you can make up to six figures within two weeks. The promise of exaggerated profits in such a short amount of time is a common scamming trait that we deal with on a regular basis.
They claim profits in excess of $264,300.75 in just less than 14 days or $150k per month. Advertisements that promise staggering amount of money made through trading is the first red flag that leads me to believe the Brexit Money Machine is a SCAM. In truth, no legit investment will dare make any form of guarantee. So this is a BIG red flag for all of us.
Brexit Money Machine Review – How the scam works!
The Brexit Money Machines it follows the same pattern like all other binary options software. So, basically, the scam works like this: initially you’re offered a free software and for you to get the free software you have to go through his broker and open a minimum $250 account or more. There is a market created by international companies that are not regulated and it’s 100% illegal and against the law, for a company to solicit you as an investor without being regulated by a regulatory body like CFTC or FCA.
The Brexit Money Machines also add some incentives that look like they are cash bonuses, but in reality, they’re just bonuses from the Broker. They claim you can get $2000 for free, but from experience, any bonuses in combination with a scam software actually prevent you from withdrawing your money once you realize you’ve been scammed in the first place.
The free deposit bonus is a very malicious and misleading trick that these scammers implement to make sure that they hold on to your money and profit from your losses. Even though they claim their trading software is based on Artificial Intelligence (A.I.) systems and deep learning the algorithm is designed to lose your money after you sign up so that the Broker pockets everything.
Brexit Money Machine Review – Fake Testimonials
As a warning sign, all the reviews are made through fake profiles with either stock photos or stolen images from other people’s websites. For instance, on the first review, we have a guy named David L. who claims that on his first trading day he made around $4,550, but in reality the profile picture was stolen from a twitter account belonging to a Jesse Gardner from New York (see Figure below).
Brexit Money Machine Review – Don’t Be Tempted
The Brexit Money Machine software by Arnold Palmer (by the way try to Google Arnold Palmer and you won’t find this supposedly famous trader) is a blatant scam that tries to lure investors into his get-rich-quick scheme. There are many more inconsistencies that we found but it’s not even necessary for us to point it out anymore as we believe the few we pointed out is enough for us to confirm that Brexit Money Machine is nothing but another professionally produced video to scam traders off their hard earned money and we hope that our Brexit Money Machine Review reaches out to you and any trader who is considering trying this out. PLEASE DO NOT! We are confident that you WILL lose your deposit. You have absolutely no reason to fall trap into his scamming tricks unless you really want to lose all your investment capital. Generally speaking, the same scamming tactics can be applied to every investment trading system scams because they use the same modus operandi and this article can serve you to detect a scam when it pops up.