Underdog Millionaire Review

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7 Binary Options

Trading the financial markets is always a risky endeavor which is why we always find traders resorting to automated trading systems to help them simplify the trading process. Although there are many such systems available on the market, it is difficult for beginner traders to distinguish a legitimate trading solution from a scam. To help our readers in making a more informed decision regarding automated trading systems, we conduct in-depth reviews to determine whether they can perform as claimed.

For this review, we will look at the UnderDog Millionaire binary options trading system that is said to help beginner traders generate profits easily. So check out our review on the UnderDog Millionaire first before you consider investing your hard earned money.

Basic information:

Cost: Free
Software: 100% Automated
Max Returns: Up to 90%
Minimum Deposit: $200
Countries: All nations

  • Fabricated Trading Results
  • Unregulated Brokers

7BO Verdict:

Not Reliable Service

What is Underdog Millionaire Trading System?

Based on the promotional video for the UnderDog Millionaire, the software is said to be the creation of a German mathematician by the name of Albert Friedemann. After working tirelessly day and night, Albert Friedemann managed to come up with a system that doesn’t require any complex charts or trading strategies in order to trade the financial markets. The trading system is said to be able to achieve a trading accuracy of 95% which is perhaps the highest figure that we have ever come across for the online financial trading industry. To prove its efficiency, the presentation video also demonstrated the software in action with a few screen captures.

While the presentation video makes some impressive claims about the UnderDog Millionaire software, we found some disturbing discrepancies about it. From the screen captures of the trading account for the UnderDog Millionaire, we noted that while the trading balance is increasing everything else remains the same which is a virtual impossibility. For example, while the trading balance is increasing, the time stamp on the price chart doesn’t change as well as the number of trades made. This goes to prove that the screen shots were all edited and fake. The question that is if the UnderDog Millionaire is so accurate, why does the presentation video have to resort to edited and fake images to demonstrate its effectiveness?

As for the claim that the UnderDog Millionaire is able to achieve a win ratio of 95%, we found no proof that this is the case. In fact, we doubt very much the legitimacy of this claim as a win ratio is impossible to achieve unless you are a fortune teller or trading with insider information which is illegal.

Screenshot

How Does It Work?

The UnderDog Millionaire works by scanning the financial markets to look for profitable opportunities based on an analysis of all the available data. Once a profitable opportunity has been identified, it will generate a trading signal which will then be fed to a live feed stream which users of the UnderDog Millionaire software can access. Any user of the software can then use the information provided to place his or her trade. For beginner traders, there is also an auto trading feature which allows the system to trade on behalf of the traders.

To get access to the UnderDog Millionaire software, you need to first sign up and open a trading account with the recommended broker. And once you have completed the registration process and open a live trading account, you will also need to make an initial deposit of $250 before you can start trading.

Final Conclusion: is UnderDog Millionaire a scam?

From our observations, we have come to the conclusion that the UnderDog Millionaire trading system is nothing more than a scam. First of all, we couldn’t find any information about the so-called creator Albert Friedemann. Secondly, the fact that they resorted to fabricating trading results to showcase the efficiency of the UnderDog Millionaire goes to show that these individuals lack any professional ethics.

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Therefore, we strongly urge our readers to refrain from utilizing this trading system as you can get better returns for your investments elsewhere.

Underdog Millionaire Review

Investing in any product carries risks and most people will do what they can to mitigate these risks. This is why most people start to look at the autonomous trading options available in binary options. However, there are many different firms offering this service and it is hard to know which are genuine and which are simply looking to scam you. This review looks at the Underdog Millionaire and whether it is genuine or an Underdog Millionaire scam.

Underdog Millionaire – The Basics

The Underdog Millionaire software is free and easy to access. It suggests you will gain returns of 90% and it can be left to work on its own. However, there are some warning signs. The Underdog Millionaire is associated with unlicensed brokers and many of the trading results displayed do not seem to be genuine.

The system was developed by Albert Friedemann who has worked as a mathematician for many years until discovering the system which allows him to generate a substantial income from binary options. The Underdog Millionaire does not use any complicated charts, but it does have a success rate of 95%; potential the highest in the industry.

Unfortunately, despite some very professional looking screen shots of the software in action; it is clear that they have been altered. Profits appear to rise without time passing and the number of trades does not change. This is impossible and suggests the Underdog Millionaire scam is real. The suggested success rate and returns are not proven and seem excessive.

Using the Underdog Millionaire

Start by opening an account with an associated and unregulated broker. You can then link to Underdog Millionaire and place at least $250 into your brokerage trading account. Underdog Millionaire will then monitor the markets until it finds a suitable trade. You will be provided with the details of the trade. If you have the Underdog Millionaire in automatic mode it will place the trade with your funds. Alternatively you can operate manually and choose whether to trade or not.

Conclusion – Is Underdog Millionaire Safe to Use?

The lack of information on Underdog Millionaire; its founders and trading system is of serious concern. Although it is not possible to definitively state Underdog Millionaire is a scam it is very likely. You will be able to locate better products elsewhere.

The Underdog Millionaire Review

The underdog millionaire is a new binary options software by Albert Friedemann. Albert is a self-proclaimed German genius that has come up with a software that boasts a 95% winning ratio. Like most binary options products this one is being offered for free as long as you deposit money with their preferred binary options brokerage.

Today I will be reviewing this software and letting you know if it’s a worthwhile trading endeavor.

The Underdog Millionaire Review

The underdog millionaire website is very simple and does not provide the amount of information I require to make an informed decision. There is a 7 minute video, an email subscription form and 3 sentences. In the 3rd sentence, Albert promises that his system “will provide u with a professional and easy to understand trading environment.” I’m not sure about you, but when I’m looking to invest thousands of dollars I am certainly not comfortable with a product developer that uses “u” instead of you. The fact that Albert claims that the environment is professional yet in the same sentence uses a short form of a word used primarily by 12-year-old girls is concerning to me.

The results on the underdog millionaire website are equally as underwhelming. We are shown multiple screenshots that are supposed to prove the performance of the software. Yet, if you look closely at these images provided in the video they start looking falsified. While the balance is increasing, everything else is staying the same. We can see that the market isn’t moving at all in these screen shots but Albert keeps showing his account balance going up. This makes me believe that these screenshots are falsified and considering they are the only evidence being provided, that’s a bad sign.

I am not going to be recommending the underdog millionaire to any of the binary today readers. I don’t feel as if the software has the binary options community’s best interests at heart. I don’t believe that the developer is trustworthy or professional despite trying to claim so multiple times. Please let me know what you think about the software by leaving your comments and questions below the article now. As always, this webpage is an open place for your contributions so please don’t be shy. I look forward to hearing from you and hope that this review is helped you make the right decision regarding this new application.

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