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McDonald Millionaire Review - Is it scam or safe?

McDonald Millionaire Review - Is consistentprofits.co/en/mcdonaldsmillionaire/ a good binary options robot or a scam?

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 McDonald Millionaire is a binary options robot that, naturally, promises great winnings. It claims some users can make as much as $8000 per week, but not less than $3500. It promises 89% of accuracy, which sounds rather impressive.


 

Of course, as with most binary options robots, no previous trading experience is needed. (If we have to be honest, you would be the dream user of this type of trading software, if you know nothing about trading.)


 

Who is behind it?

Meet Robert Mfune, a 19-year-old owner of a golden Bentley who got rich thanks to binary options trading. The CEO of McDonald Millionaire app. Before becoming a millionaire, Robert Mfune was working in McDonald's and as a teaboy in a “London hedge fund” where he learned the ropes of trading. He then started trading forex and binary from his bedroom, at the age of 16, while studying for his A-levels. Fast forward three years later and he is now a millionaire. He even bought his mum a house and a car.

 


 

A lovely rags-to-riches story, but we don't believe it, even though it was covered in Britain's favorite tabloids Daily Mail and The Sun back in 2016. We actually think it is a scam. Not only because it was published in the tabloids, which sometimes do not check their facts, but because we cannot think of anyone who became rich from binary options. Except the owners of binary options brokering companies, that is.


 

So it looks like a year later the McDonald Millionaire scam is back again, despite statements in the video that the offer will not be released any time soon. But in the meantime, it is promising 50 lucky people to become millionaires. For free. Well, not really. There is a deposit of $250 to start trading and the minimum trade is $25. But this is peanuts, compared to the promised millions. And a golden Bentley, if you like.

 


 

But don't be fooled by the Bentley. Our check of the plates revealed that it was registered in 2004, so it neither new, nor that expensive anymore.

 


 

According to reports in more reputable media like the Finance Magnates, back in 2016 Robert Mfune was running his own consultancy Trade with Robert, which was providing trading signals. According to the same site, the company did not reply to the question whether it was regulated by UK's FCA. (It was not.) Instead, it was running several affiliate programs with binary options brokers, among which was Finpari, a now defunct binary options broker that supposedly accepted clients from the US. And as you already know, binary options brokers are tightly regulated by the US authorities and only on-exchange binary options trading is allowed.


 

Our check revealed that the site of Trade with Robert now shows a blank page, while the social media accounts in Twitter, Facebook and Instagram have been inactive for a while.


 

But the site of the McDonald Millionaire still appears to be very much active, although accepting clients from a limited number of countries.


 

The testimonial videos are also rather entertaining. Our favorite is the ginger guy who is doing his best to dazzle the viewer with talk about “trader psychology – the most important part of trading” and its application to automatic trading strategies.

 

 

Conclusion


 

McDonald Millionaire sounds very catchy, we must admit. But despite the impressive promises and the media coverage (in media who are not famous for their professional integrity), or maybe because of them, we believe this is a scam. There is no historical data, nor verifiable information about ownership and partnering brokers, so we could not check the truthfulness of the claims.

 

There is just some general talk about mathematical models, artificial intelligence and strategies. Nothing specific.

 


 

Apparently the app targets people with absolutely no experience in investing and trading, as they are easy prey.


 

So our advice is: avoid!


 
 

The alternative


 

If you don't have financial experience, but would like to trade financial instruments, you can use properly regulated copytrading platforms like MyFxBook and ZuluTrade. If you would rather use algorithmic trading, there is the platform RoboX, for example, as well as many others.


 

Another sensible and relatively safe option is the popular social trading platform eToro, which is also properly regulated by the FCA and CySEC and offers over 1200 instruments.

 

 

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