Penny Millionaire is a SCAM! Don’t Believe the Fake Reviews!

Binary Scam Alerts » Penny Millionaire,Scam Reviews » Penny Millionaire is a SCAM! Don’t Believe the Fake Reviews!

Penny Millionaire is a SCAM! Don’t Believe the Fake Reviews!

Posted on by Patrick Jones

The Penny Millionaire software by David Forrster is a BLACKLISTED SCAM which we will expose in our fair an impartial review. It’s extremely troubling that this fake app and trading robot is being promoted some of the industry’s so called most “ethical” review sites. We will expose this fraudulent software and show you exactly which sites to avoid. First, a word of caution! The Penny Millionaire software is directly responsible for wiping out thousands of bank accounts belonging to traders from all over the world. It is extremely misleading and deceptive in ways we have never seen before. If you have recently received a SPAM email to participate in this farce be warned. Do not click any of the links and unsubscribe immediately as we have received multiple complaints regarding malware infecting computers and mobile devices. We understand that some of you are under the impression that Penny Millionaire is a legit or genuine trading app, however we will provide all the proof and evidence required in order to let you reach the proper conclusions and understand that this system is a dangerous financial SCAM!

Official Scam Website, Login Page, and Members Area:

Proof of SCAM:
Below you will see an image of a fake bank statement originating from a company named Intuit. This company does payroll services, however it is a fact that wire transfers are sent from the Broker’s Bank account only and there is no way a US-based payment services company will be willing to wire money to international destinations related to binary options trading.

As if you needed additional proof, this lunatic (whoever it is) is saying that Penny Millionaire is an “Online Lottery”. This means he is actually admitting that the software is rigged and set up to take losing trades. I don’t understand the rationale behind this sub-par sales-pitch, but this con artist is not a very good liar and this time we caught him with his hand in the cookie-jar.

Penny Millionaire Software Review
“Have you heard the expression a penny saved is a penny earned?” This is how this presentation starts. Then this paid actor says that his system takes you “from a single penny to over a million dollars. In one month.”

Then this fictitious character takes out a calculator and starts explaining how this penny “compounds itself”. Is this making sense to you?! Then we see some fake bank account with around $600 magically grow to around 8.5 Million Dollars. He then continues to blab about how his system will make you a millionaire in just one month, and this is followed by a parade of fake testimonials. Each of these people providing testimonial such as Roberta Lebowitz is paid actor, and I can promise you that a lot more than 100 applicants will be selected, and that this sales page will stay up for a very long time. This guy goes on to say that they can only allow 100 millionaires a year because if everybody won, the money would be worthless.

How Does Penny Millionaire Work?
This person claims the system utilizes a custom trading software that uses a “specialized algorithm that correctly predicts winning trades on the stock market”. Then the software applies the “principles of compound interest in order to turn what would look like small profits, into something, well, exponentially larger”. He claims the software allocates 1 cent from your winning trades and places it in your “compound interest account”. Then this money grows from 1, to 3 cents and so on. The software is claimed to work on autopilot and no experience is needed in order to profit.

In reality we are witnessing a very simple scam designed to steal your money. The dots have connected for us as we have found the same pattern of deception such as inflated bank accounts, fake testimonials, hyped-up or exaggerated claims, and outright lies. The narrative is full of inconsistencies and totally fabricated, and this is very plain to see.

Is it Free?
No, it is not and this SHAM will cost you at least $250 to get started. This money will be charged to your credit card by some unregulated offshore broker.

Fake Review Sites Promoting This Software for Bribes
Below is a list of the top fake review sites promoting this evil scheme. These are all affiliate marketers who have crossed the line, and are not ethical ones as we strive to be. I hope they realize they made a mistake and rectify their actions before we start digging deeper and who knows where that might lead. These sites have been known to trick and deceive innocent day traders by telling them the software is genuine and profitable, while in reality this can’t be the case and the exact opposite is true as we have just proved it.

Other Viral Scams Trending
The ones to really watch out for are Quantum Code and Tesler App. There are others, so feel free to search our website for updates.

Signals and Trading Robots
If you are deliberating which one is right for you its with good reason. We understand why you may feel cheated or betrayed, but we can only be held accountable for our actions and hot how others choose to carry on, and in this specific review we will not be recommending any specific systems, we are simply informing you of this latest development.

Review Summary and Conclusions
The Penny Millionaire software by David Forrster is a BLACKLISTED SCAM and we have provided all the facts and evidence required in order to validate our initial claims. Our findings are unequivocal and leave no room for doubt. We understand why you may think you have stumbled upon a genuine or legit trading system, but in reality this is not the case and it would be futile to deny the facts as they have been presented to you. The Penny Milionaire App was designed with pure malice and explicitly created to steal your money. This is our indisputable conclusion and at this point we recommend our members and subscribers seek alternative investment channels. As always, we welcome you to join our  Facebook Group and YouTube Channel.

About Patrick Jones

Exposing financial scams since 2015 on a daily basis. Patrick has an academic background in Journalism and a knack for delivering snappy and relevant reviews. View all posts by Patrick Jones →
Tagged with: