The Lie Detector Millionaire software has the typical plot of a schoolboy tall tale concocted up after watching too many spy movies. It’s pretty entertaining, but preposterous! So here’s the story, Daniel Wilkins, who is supposedly the master-mind behind the Lie Detector Millionaire scam software undergoes a polygraph test to prove that he’s not lying. Apparently this elaborate setup is required for us to believe his claims of being a millionaire, because that would of course convince us that he’s telling the truth, right?
Okay, so this software is an utter scam! It’s quite easy to see that the builders of this scammy app attempted to cash in on unsuspecting new traders. In this Lie Detector Millionaire review we will be digging into what we found, and share with you why we feel that this system is not something you should get involved with.
Unlike scam sites that don’t disclose this, we would love to mention something. Irrespective of which link or site you use to enroll in this service, somebody might be paid a commission fee. That includes links on this website. Our sign up web links can be trusted, since they are behind SSL HTTPS security, so you can be sure of the starting point.
Lie Detector Millionaire Review Summary
Annoying Browser Pop-Ups: Yes
Fake Scarcity Counter: Yes
Paid Actor Testimonials: Yes
Impossible Revenue Gains: Yes
Comes Across As Authentic: No
Convincing Proof of Profits: No
Possibility of Being a Rip-off: 99%
Price: Free. Have to sign up with one of their brokers.
Auto-trading: Yes, fully auto-trading app
Available In: Everywhere
How Does The Lie Detector Millionaire System Work?
When trading Binary Options you only have to anticipate if the price of an asset (for instance a Forex pair or stock) will rise or fall from the current price, compared to a particular time span. This is essentially what the system claims to do for you. It will determine the direction of the market, and place trades on your behalf.
Binary options brokers offer traders the benefit to trade numerous sorts of binary options, including indices, commodities, stocks, and Forex. With binary options, you also do not have to think about where to place your stop-loss, because market activity which happen preceding the termination of the trade has no influence on the end result. This means that whether or not the market spikes up or dips, it makes no difference so long as the market ends either above or lower than your entry point, based upon if you decided upon a CALL (up) or PUT (down) trade.
Daniel Wilkins actually gives a very good and truthful explanation of how binary options work. His example of deciding if the price of Apple will be above $106 at 1:30, and it being a “call” option is spot-on. This part of the Lie Detector Millionaire software presentation is truthful, I’ll give them that.
He is also 100% correct in saying that if you entered a call option, and the price of Apple is higher than $106 when the contract expires at 1:30, you make a profit. In binary options terminology, it is referred to as being “ITM” or “In the Money.”
By claiming that binary options trades are “limited risk”, he is also being truthful, because unlike traditional trading you are not at risk of losing more money than you have placed on the trade. Indeed, with traditional trading, especially Forex trading with high volatility, you could even lose more money than what you have in your total account! That’s one of the main reasons I switched to binary options trading.
Fake members and fake payouts. When we did our Lie Detector Millionaire review, it was Sunday morning. All binary options traders know that markets are closed on Sunday morning. Yet we saw this running “real time results” of members payout. So untrue! Scam busted.
Lie Detector Millionaire Rip-off Findings
After starting off with a number of really solid points on how trading in binary options work, things go downhill fast once Daniel Wilkins start making some crazy claims.
The moment someone makes a claim like “this program has not had a losing trade in months”, it’s like a massive alarm bell goes off in my head. You know, like those loud “Ahoogha!! Ahoogha!!” noises they make, that’s what I hear in my head. Maybe it’s just me, but there is no way that any software can claim to not have had a losing trade in months. It’s possible to not have had a losing day, meaning that good trades make up for some bad ones, but there is simply no way that a system like the Lie Detector Millionaire scam software can make a claim like that.
Inflated Impossible To Achieve Returns
Once again, with the deposits it all starts out fine. Needing to deposit $250 into your broker account to start trading is nothing unusual, and it’s good to see that they didn’t try to inflate this number to $500 or higher. At least we know that the Lie Detector Millionaire software brokers work with a minimum account balance of $250.
The totally loony part is where he returns just an hour later, and tries to tell us that his account that started off with $250 now contains over $12,000 after only 16 trades! There is no way that real software would be able to do that, which completely nailed the Lie Detector Millionaire scam as a bogus system in my eyes. In order to achieve results like that, you would have to risk close to 50% of your trading account with every trade, and then proceed to win each one of those trades.
When I saw that one of the “requirements” to join the Lie Detector Millionaire scam was to “not have any previous trading experience”, it became very clear that they’re targeting people that would not already have the experience to know that the revenue gains they are claiming is a complete lie.
This also made it much clearer why they persistently claim you can make $498,561 (why such an exact figure?) per month. They are relying on people with no trading experience to believe all that nonsense, in the hopes that you will sign up for the Lie Detector Millionaire software.
Last, but not least in their list of lies, is the fact that they claim to only have “50 openings available”. If you just think about that for a few seconds you should realize that there is no way that can be true. Why would they go through all this trouble, do all this marketing, and only want 50 people to sign up for their “test”? They’re simply lying.
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Conclusion On Lie Detector Millionaire
This whole presentation of theirs reads like a schoolboy attempt at a scam, with a polygraph test and all sorts of nonsense claims. I know that you probably came to read this review in the hope that you had found a system that will make you some extra money. Lie Detector Millionaire is not the system that is going to do that for you. There are quite a number of other systems that we have reviewed on this site that is much better than this!