The Million Dollar Bot is just another rehash product about binary options trading. Yes, the creators of Million Dollar Bot makes you want to believe that you are going to make $1700 per day with their system, but too bad this is just a bogus claim. We don’t think that anyone can make money with this system, let alone hit to that level. Let’s get deeper into this system.

What is Million Dollar Bot all about?
In simple terms, it is actually about making money with binary options trading. You might not be familiar with it, but binary options trading is one simple method to earn money online by choosing call or put.

For example, let say that you think one particular asset, EURUSD is going up. Then you can simply choose the amount that you want to invest and then make your prediction. If you think that this asset is going up, then choose call. Otherwise, if you think that this asset is going down, then choose put. 

If your prediction is correct, then you will earn back your initial capital plus profit paid by the binary broker. For example, if you choose to trade $10 per trade, then you will earn back $18, where $8 is profit paid by the binary options broker. Otherwise, if your prediction is wrong, then you will lose all $10.

 

Want to look inside the Million Dollar Bot?
This software is actually free to access, as long as you give in your name, email address and a phone number into the website. In case you are curious, this is how the member’s area actually looks like:

Can you automate binary options trading with Million Dollar Bot?
Yes, you can. But this Million Dollar Bot software doesn’t have settings on the type of indicators that you can use and control your budget. As you can see on the image above, the Million Dollar Bot software will automatically trade for you once you’ve pushed the auto trade button (the red button). But then,  you will lose money quickly since you have no control at all on the risk, budget and more. 

Is Million Dollar Bot free to try?
It is only free to access, but not to try. This product doesn’t have some kind of trial version, or should we say a demo account before you can see how this software works. You need to deposit money into the recommended binary options broker first (and we don’t recommend that you do that) before you can see how this software works. 

In case you are new, a demo account is actually a trial version of any trading account, where you will be given fake money, perhaps up to $100,000 where you can try one particular robot or strategy, before putting real money on the line. Any new trader who loses money initially will realise that they need to test their tactics on a demo account first, before getting back to the real account. 

Alternative to Million Dollar Bot
If you are looking for a real way to earn money with binary options trading, then you will want to learn how to trade manually, rather than relying on some kind of bots to trade for you. However, if you want a shortcut, then please find a binary options robot that can be tested on a demo account first, before putting real money into the broker account. 

There are tonnes of binary options broker that provides free demo account for any new traders, but only a  few software program that can be tested on these broker platforms. 

We highly recommend that you check out Option Robot, rather than this Million Dollar Bot, in case you are looking for a real binary options robot that can really profit from the market and make you tonnes of money. For a few reasons:

  1. Option Robot comes with several customizations where you can test and insert any indicator into the strategy and see how it works. Yes, you can have different strategies that can produce different results, rather than sticking to just one or two indicators.
  2. More control over your budget. Unlike other binary options robots out there, Option Robot comes with settings that can help you control your initial budget and risk for each trade.
  3. Test with a demo account first. This is one of the biggest reasons why we recommend Option Robot. Unlike other binary options software out there that cannot be tested until you’ve deposited real money, Option Robot can be tested on a demo account first, before putting real money on the line. This will ensure that you test one particular strategy properly first, before 100% ready to switch to real account. 

Check out the Option Robot homepage here

There is a new scam being released to the web called the Dream System, or also known as the Dream Profits. We have access to this system and we came into conclusion that this product is just another remake of Rio Profits system. This is just another trap to lure anyone into losing money with unregulated binary options broker (more about that later).

 

 A little bit about binary options trading, in case you are new
Binary option is actually one trading system where you can pick one asset and then make money by choosing call or put. For example, if you think that the asset, EURUSD is going up, then you simply choose the amount that you want to trade, let say $10 and then choose call if you think that this pair is going up after one hour. Otherwise, if you think that this asset is going down, then choose put. 

If your prediction is correct, then you will gain back your initial capital, $10 plus profits being paid by the binary broker, $8. So, in total, you will earn $18 for this trade. Otherwise, if your prediction is wrong, then you will lose all $10. 

It is actually not gambling like being mentioned by some people, since there are things that you can manipulate, such as market conditions, indicators, charts and more. 

 

What Dream System is all about
If you browse to the Dream System website (dreamsystem.co), then you will realise that this system promised to make you $150,000 with this software. Well, this is actually just a fake claim. The Dream System is just being released so there is no way anyone already making money with this product.

 

Dream System is actually free to try
If you entered your name and email into the website, you can access this Dream System for free. In case you are curious, let us show how this software looks like:

As you can see, this is actually a remake version of other software we’ve seen before, such as the Rio Profits. There is no way to control your budget, and no other way to figure out whether one trade is going to be successful or not. All you are given are signals, whether to choose call or put. There is no way to control your budget, no indicators or something like that. 

 

In order to make the money or try this system, you need to deposit $250 into the broker account
As you can see from the screenshot above, you need to deposit at least $250 into the recommended broker account for this system to work for you. Otherwise, this program won’t be making you any money. We don’t know about you, but in our case, we need to deposit money to an unregulated binary options broker known as the Markets Trading.

A little bit about regulations and why you should care
You might not know about this, but there’s a huge difference between a regulated binary options broker and the unregulated ones. A regulated binary broker obtains a valid license, or should we say regulations from the local government. Think about it this way –  if you want to open a retail business in your city, you need to register with the local government to process payment and prevent fraud from your or your customer’s side. Otherwise, you cannot operate the business and process payments.

The same goes for binary options or forex brokers. Most forex brokers are regulated and so far some binary brokers already obtain their license and thus, regulated. However, the Dream System recommends an unregulated broker, which is not safe for anyone to trade and make the money.

 

We don’t recommend the Dream System to anyone who is reading this post
There are a few reasons why the Dream System gets red flags from us:

  • Unregulated binary broker. Like being mentioned, this program recommends only unregulated binary options broker, which is not safe to anyone to trade and even try their hard earned cash. A regulated broker will refund your money in case you want to process the withdrawal, but unregulated ones do not. In case you already deposited money into this broker or system, then good luck getting a refund.
  • No demo account. Newbie traders probably don’t know this fact, but any legit binary options broker will always provide their client with a real, working demo account first, before putting the real money on the line. The problem with the Dream System is the fact you cannot test their signals on a working demo account first, before putting your money on the line.
  • It is not created by real traders. Sorry to disappoint, but we don’t think that whoever behind this Dream System program are real traders. The reason is simple – there is no way to control your risk, no indicators, no candlestick patterns or something like this. This program is clearly designed to make anyone lose money with their fake signal service. 

Alternative to the Dream System product
Please, find a binary options broker or system that can be tested on a demo account first, before putting your real money on the line. There are tonnes of binary options brokers that provide free demo account first before you even depositing real money on the line.

We highly recommend that you try our #1 recommended system, Option Robot for one good reason – it works and it can be tested on a demo account first. Think about it this way – if one particular system or robot works like a charm on a demo account, then probably you will be able to make money from it with a real account. Make sense?

Find out more about Option Robot in this post.

The Management Software (managementsoftware.online) is a new binary options system that was released a few weeks ago. While the video could be convincing to some people, the truth is, this system is nothing but a scam.

Is the person who appears in the video, Christopher Fernard for real?
The short answer is no. He is actually a fictional character. In fact, if you scroll down to the disclaimer section of that website, you will realise that he is just an actor. Christopher Fernard is not even his real name.

Fake reviews on popular medias
On the Management Software website, you will find screenshots of articles about Fernard in popular medias like the CNN or Wall Street Journal. However, these are just fake reviews. All these medias have never published a single article about this person or Management Software.

Is the Management Software free to try?
Actually, the short answer is no. Yes, we agree that you can access this software for free, but in order to make the money, you need to deposit real money into the recommended broker. 

If you enter a name, email and phone number into the website, yes, you can access this system for free
If you are curious, we actually have the proof of screenshot of how this software looks like. This is no different than previous systems that we’ve seen before, such as the Snap Cash Binary or Vena System

Yes, as you can see, there are options that you can choose from, such as automated trading, signals and more. You can trade currency pairs, commodities, indices and stocks. 

We don’t think that whoever created this system is real traders/investors by the way
While we agree that this product is designed by professional marketers and programmers, we can also tell that they don’t know what they are actually doing. In other words, this product is not created by real traders. The reason is simple – there are no common indicators, such as candlestick, stochastic or more which are commonly being used in trading currencies or perhaps stock markets. 

Can anyone make money with the Management Software product?
Of course not. This system is designed to make you lose money. There are no settings to control your budget, or perhaps using the right indicators that matched the market conditions.

How to profit consistently from trading?
If you are a newbie, then probably you don’t know that some binary brokers offer a demo account. Yes, just like the name implies, a demo account is a trial version of any trading account, where new traders will be given thousands of fake money to test, make mistakes and then repeat the process until they profit from it consistently. 

In other words, never deposit your hard earned cash until you are 100% ready. Think about it this way – if you can profit consistently from a demo account, then probably you will do the same once you’ve deposited real money into the broker account. Make sense?

Is there binary options product that comes with a demo account?
The short answer is yes (and that’s a good news). However, there is not many of them. For more information, you can take a look about this program here