Lie Detector Millionaire Review
Lie Detector Millionaire may have caught your eye. Who doesn’t want to sit home and collect money after a small initial investment into a software program that automatically carries out can’t-lose trades? But is it really the can’t-lose proposition it purports to be? Find out more about the program and why the red flags mean you probably won’t be seeing much green.
The Company
Lie Detector Millionaire’s website isn’t clear about the corporate name and contact information behind the software program. The support link at the bottom of the page only offers a generic email address.
Daniel Wilkins is the face of Lie Detector Millionaire, and the video on the landing page seems to indicate that this is his baby, but it’s an assumption, to be honest.
The Product
The Lie Detector Millionaire software program allows investors free access to a specialized software program that can be downloaded to their home computer. Through the Lie Detector Millionaire program, investors deposit a minimum of $250 in an account and set various parameters – such as automated trading – for binary options trades. The software reportedly is configured so that profits are maximized, and losses are impossible.
The Opportunity
According to the accompanying video on the website, the software has been designed by a computer whiz and beta testers are being recruited to use the program in anticipation of a 2017 general release. And that’s where you come in. Chances are, when you arrive at the website, you too will see a notification that there are only a couple of “spots” left in your area, and a warning that slots are filling up fast – hurry if you want to snag your own investment account. Enter your name and email address to get started – it’s completely free! Which is the first of several red flags…
The Verdict
The Lie Detector Millionaire website looks like a quick attempt to pressure folks into signing up first and asking questions later. The initial video that automatically starts when you land on the page doesn’t quite give the hard sell but it does quickly sound just too good to be true. There is no incentive for a smart computer whiz to develop this software program and give it away for free, so that other people – investors – can make money hand-over-fist. And it’s a stretch of the imagination to think that just anyone (and everyone!) will earn thousands of dollars a day through automated online trading and never ever lose a penny.
For folks who read the fine print (which is there, at the very bottom of the webpage – the same disclaimer is linked to under Privacy, Terms, and Disclaimers), the incongruity is obvious right away. How can Daniel Wilkins promise that there’s no way for you lose money when the U.S. government-required fine print indicates that you could lose every penny? Why would the government deter you from making money when the federal government makes money only when you do? Nowhere in the video or on the website text is it clear that these binary trading options are actually foreign exchange on margin – that detail isn’t revealed unless you read the terms and conditions..
The disclaimer indicates that trading foreign exchange on margin is risky, and that investors should be prepared to lose their money. Participants are strongly encouraged to consult with a financial professional to see if this activity is the right move given their personal circumstances.
Users are advised that the software program does collect some personal information, and that information may be shared with third parties; this information may also be stored outside the European Economic Area. Given that it’s unclear who is behind Lie Detector Millionaire, this seems like risky behavior – how much information is collected, who’s going to learn what you’re up to online, and what are they going to do with that information?
A cursory Internet search makes it quickly clear that plenty of folks have already tried the Lie Detector Millionaire program and, quite unfortunately, lost every penny. For these reasons, extreme caution is advised when considering signing up for the Lie Detector Millionaire program.
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