Binary Options Millionaire (BO Millionaire) is a binary options trading system that claims it can help members make up to $11,539.59 a day – or an astounding $319,195.37 a month.
What Is Binary Options Millionaire?
In a promotional video for BO Millionaire, the individual behind the company goes by the name of Clark. No last name is given. Clark claims that the use of his automated high-frequency binary options trading software has made him millions, and he is offering the use of this software for free to the public.
The BO Millionaire website is registered anonymously through a private registration service. The Terms and Conditions of the site mention Rishon Leziyon in Israel as the controlling legal jurisdiction, leading us to believe that the company behind BO Millionaire is located within that country.
The BO Millionaire product is an automated binary options trading robot that supposedly has a high level of accuracy in predicting winning trades.
Access to the trading bot is completely free, but requires users to deposit a minimum of $250 into a new broker account recommended by BO Millionaire. There's no indication of whether the broker that BO Millionaire has partnered with is licensed or regulated.
BO Millionaire also has an affiliate marketing program (referred to as a “JV Partner” program). The affiliate program requires the use of the Clicksure marketing network, which is free to sign up.
There are no pertinent details concerning BO Millionaire's commission percentages or payment schemes available to its JV Partners, at least not without signing up directly.
It's sometimes amazing how stupid some internet scammers think people are – as if the outlandish promise of seemingly inexhaustible wealth will make us take leave of our senses.
The sad truth here is that not only is BO Millionaire unlikely to be a good affiliate networking opportunity, it's unlikely to be a legitimate business in the first place. There's any number of reasons why you should avoid getting involved, but the following is the most important.
It's highly concerning that there is no way to discern who is actually behind this website. BO Millionaire is registered privately and the supposed CEO goes by the name “Clark” and is likely to be nothing but a paid actor reading from a script.
Additionally, the site makes use of fabricated testimonials, using images taken from stock photo websites and paid actors from Fiverr or other similar sites.
This is a clear sign that the company has something to hide – most likely the fact that the BO Millionaire trading bot is about as accurate as flipping a coin. Sometimes these trading bots offer even worse odds than that.
It's an all-too common scam right now – “free” binary options bot companies act as referral funnels for unlicensed or unregulated brokers, earning a kickback for every new customer they bring to the table.
As soon as a company like BO Millionaire convinces you to make that initial $250 deposit into one of their brokers, they get paid – and their interest in you comes to an abrupt end.
This scam-like business model makes becoming a BO Millionaire JV Partner just as bad an idea. Becoming associated with such a company can ruin your online reputation in a hurry, making it much more difficult to attract positive attention in new business endeavors in the future.
Additionally, with little to no information regarding BO Millionaire's affiliate compensation scheme, there's no incentive to investigate the opportunity more deeply; time is money, and spending time looking up the compensation plan for a company that's likely running a scam on its customers is almost certainly a complete waste.
In other words, stay away from BO Millionaire, as it's highly likely it's nothing but a big scam.
If it was legitimate, the company behind it would have a physical address and information publicly available on who's running it – especially on an executive level, and especially not on an exclusive first-name basis.