Million Dollar Challenge is a new software offering innovative ways of controlling your binary options investments. But does Million Dollar Challenge really give you the best trading possibilities or it is just another binary scam?
There was not enough information to make an informed decision about this system in order to rate them as a scam or a legit one.
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Million Dollar Challenge Overview
The binary options online trading process is something that many people try to engage with, in order to improve their financial status and bank account balance. The great profitability, combined with the easiness of the trading process is the reason why even people with no previous experience or background education decide to try their chances in this market field.
However, due to the great demand for binary options trading systems, there are many fraudulent products, that are being launched on the market each day. The difference between legit software and scam is hard to be made in most of the cases, that is why people should be cautious when searching for a trading partner.
The specific object of this review is one new auto-trading robot, pretending to be authentic and highly profitable binary options solution – the Million Dollar Challenge software.
Is Million Dollar Challenge a Scam or Legit?
If a user lands on the homepage of the robot, he is going to see a presenting video, at the top of it. Then, the founder of the trading system, William Stanford starts explaining about the inspiration that had made him create this product.
In addition to his words, the video shows different people, being interviewed, giving positive testimonials to the robot. They seem to be happy with the results they have managed to generate, but there are no solid proofs provided, that these people are actually MDC users, who actually have so much money earned – just verbal appraisals. Also, it is interesting to be mentioned that in the beginning of the video, Mr. Stanford tells viewers, that the access to the system is only temporary free, but in the end, he claims that the main goal of his product is to be accessible to people all around the world, for free. Maybe the truth is somewhere in the middle of the story.
Besides the presenting clip, there is a section on the landing page, containing stamps of approval, issued to the binary options trading robot. However, there are just pictures telling about the qualities this software has, but no links, referrals or any other traits, that are proving the legitimacy of the product. We are not saying that Million Dollar Challenge is scam, but due to the lack of solid proofs for the contrary statement to be made, we suggest that you should find some auto-trading solution that is reliable and legit for sure.
How Does Million Dollar Challenge Work?
The binary options robot is a result of a 3 years work of the founder, Mr, Stanford and software developers from the Silicon Valley. It is meant to generate significant profits after each trading day. The amount of the money earned is said to reach $1300 in 24 hours. However, there are not any examples or facts, that prove this winning rate in practice.
Once, a new user makes personal account in the trading system, he is going to receive access to the trading process. The system is capable of trading on autopilot mode or manually. The second mode is only recommendable for expert traders.
The two main aspects, implemented in this software are technology speed and constantly updating trading strategies. This is something that is being monitored by experts each day. This sounds a really hard task to be managed.
How Much is Million Dollar Challenge Going to Cost You?
As we have already pointed herein above, there is no clear statement about the free access to the system. However, there is additional information, provided by the founder of the trading robot. He says that the company is going to demand a monthly fee from each user, that has managed to generate profit. The fee is in the amount of 3% of the balance. It is said that this fee is going to be required only from profitable users, but there is no information about the criteria that is going to determine which traders are profitable enough and which aren’t.
How to Profit With the Million Dollar ChallengeRobot?
If you have decided to open an account with this binary options trading system you will have to complete these steps:
Sign Up: Create your personal account providing information about name and valid email address. The singing-up process is free but there is a monthly fee of 3% of the profits generated.
Trade: Choose between autopilot and manual mode and start trading with the robot. The profit amount promised to each user is $1300 per day.
Withdrawal: Once you have generated some profits, they should place a withdrawal request in the robot. However, for the moment there is no relevant information proving that this process is smooth and reliable.
Our investigation team conducted a comprehensive investigation on Million Dollar Challenge to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if Million Dollar Challenge is generating high profits. We found many reasons that made us suspicious about this robot being a scam.
In order to protect traders from bad trading experience and financial loses we recommend you to
I am David Raines, a Binary Options trader with years of experience in online trading. I write reviews of Binary Options Brokers, Auto Trading Software and Signals Providers.