For the people who make binary options promos, the story is very important.
It has to appeal to the emotions. One of the best ways to draw a viewer in is to evoke sympathy – this is why the rags to riches stories are the most common.
To make a connection and to convince someone to do something, telling them what they want to hear instead of the truth also works well for scammers.
If someones rags to riches story is genuine and real then I don’t have a problem with it but if it’s totally fabricated like in most of these promos then it’s highly unethical and manipulative.
The Problem with Military Millionaire
In Military Millionaire a Vietnam war vet (Stan) claims he came home in 1971 and for the next 43 years his life was a living hell until May of 2014 when he went from broke to a millionaire.
He also claims that you too can follow him and become a millionaire in as little as 10 weeks from now. A caption on the site reads “sign up now and make $100,000 every week”.
And then out jumps testimonial guy #1.
I instantly realize that this is a scam because this testimonial guy has been in numerous binary options promos like this one. I even complained about it in my last review for Home Profits Group.
In this video he’s Davey Porter and he took 9 weeks and 3 days to become a millionaire. Why is he still selling testimonials for $5 on Fiverr then?
Then there are two other testimonials which I believe are also from Fiver but I didn’t bother looking them up.
If this thing works and if people are becoming millionaires why would they pay for testimonials from people who haven’t used the software? Surely it couldn’t be too hard to find someone REAL who has had the millionaire experience because of Military Millionaire and who is willing to make a video.
The truth is that this thing doesn’t work. It’s just a promo for a binary options broker with a story and testimonials to make you really want this. It doesn’t work the way they say it does.
Stanley is Fake. It’s Really Ian Ross.
This guy Stan, the Vietnam war veteran is totally made up as well. The real guy behind this is a marketer called Ian Ross and he’s good at fabricating these stories because he’s a copywriter. People pay him to make sales pages and write scripts that convert into buyers.
Not a bad thing but when you use it to scam people like this, it’s disgusting.
Shame on you Ian Ross. Arrest him and have him court-martialed.
Traders King and Military Millionaire
When I registered with Military Millionaire to grab one of their unlimited spots (no it’s not limited to 50), I was asked to register with Traders King, their recommended broker.
This is where things look even worse for Military Millionaire.
I checked out some reviews of Traders King to see if they were legitimate and it appears that they are unregulated and they have a lot of negative reviews from people who have deposited money with them.
They have 9 1-star reviews at ForexPeaceArmy.com where users can submit reviews. One reviewer had this to say:
Tradersking is a Scam. They stole $20k usd from me, then ignored the offer they made to me that was also put in writing. Ignored my withdrawal request. Just took my money and reduced my ac bal to “0”. Won’t respond to calls, emails or skype. Even hang up on me when I do get through on the phone and try and get answers, but most of the time I can’t get through. They pursued me for months convincing me they were legit and regulated by Sysec but they are not regulated, I have already confirmed this with Sycec. Hope this can save someone. Tradersking is an outright scam
You do not want to register with an unregulated binary options broker otherwise the experience above can become a reality for you.
I also found lots of other similar reviews across the web about Traders King which leads me to think that they themselves are scammers.
With Military Millionaire recommending a broker like Traders King, it’s conclusive that you wouldn’t be able to make money using Military Millionaire and their so called free software.
You have to fund your account with a minimum of $250 and you’ll most likely lose it all which is a common occurrence with binary options trading.
In conclusion, with a fake Vietnam war veteran, fake user testimonials and unbelievable promise of $1M in just 10 weeks, Military Millionaire is nothing but another binary options scam.
Military Millionaire is just a promo to get you to deposit $250 at an unregulated binary options broker with bad reviews so that Ian Ross can get paid a referral fee. Nothing more. Skip this scam.