What is Brexit Money Machine?
How Brexit Money Machine works is pretty complicated and hard to understand as Arnold Palmer sacrificed simplicity for heavy words to appear sophisticated. The result is a bunch of jargon that looks good on paper but doesn’t make any logical sense. So basically, Arnold says that the software is driven by an inbuilt code called Phoenix. As it turns out, the Phoenix code is a top secret underground market analyzer that holds the key to success in financial trading. Phoenix uses Artificial Intelligence (AI) to scan market data and make predictions of price movements after factoring in the Brexit effect.
Brexit Money Machine Promises
Apparently, Phoenix is also a type of Deep Learning platform which makes its signals highly accurate. Now, we’ve never heard anything like a Phoenix platform in binary options and we’re not alone in that. It probably doesn’t even exist and is only a marketing strategy intended to lure unsuspecting people by sounding sophisticated. However, we know quite a bit about Deep Learning platforms, and we can attest to their complexity and, consequently, accuracy. But to be fair, we don’t think Brexit Money Machine works on that. If it did, there wouldn’t be so many complaints online about traders losing all their investments in hours in trades gone bad.
Quite a good back story there, albeit a corny one. Now we focus on the main story about Brexit Money Machine and which is the main selling point of the software.
Notably, scams such as Brexit Money Machine which don’t have any sensible content use big promises to lure clients. Human beings, despite being regarded as the smartest creatures on earth, are not that smart as it were as they still fall victim to such obvious lies. In the case of Arnold Palmer and the Brexit Money Machine, the promises of quick riches take center stage. These are not new and have been said before by a lot of people using different words. Sadly, they are still effective in baiting some naive people. The promises and claims are as listed below, with a few points of criticism from us:
a) Daily returns of $5,203 –
This appears everywhere, from the promo video to the site’s advertisement material and very conspicuously at the top of the web page. It is actually the first thing you see when you land on the page, and if you are the greedy type, your heart skips a bit at the mention of all that FREE money. Now, let’s get this straight, many people would do anything (well, almost) to get access to a software, binary options or not, which will assure them of $5k per day. Arnold Palmer knows this and that’s why he uses this as the main point and has the timely advantage of the Brexit phenomenon to explain the absurd profits. Unfortunately, all this is pure hogwash.
In years of interacting with binary options trading bots, we have never come across one that would guarantee such amounts in a day. All those that promise such as scams and will instead steal the little money you have. The legit softwares are not advertised in such manner as it’s practically impossible to determine the amount of profits one will get in binary options per day. The options trade is very risky and volatile and you might make $3,000 in one day and lose $5,000 in the next. Simply put, binary options, like gambling is a game of luck, and you can’t be really sure when you’re talking about luck.
b) Limited Spots
When you access the Brexit Money website, which is very public and not hidden as Arnold claims, you will find a pop up which shows at the bottom left of the page indicating the number of spots available for free registration. At the beginning, the number is higher and keeps decreasing with time and gets stuck at 1, to show you how you have an exclusive chance of joining the so called Money making club.
That, folks, is pure lies. If you get your friend(s) to visit the site using different devices, you will find that the eventual number of slots available in your screens will be 1 on all your screens. It doesn’t take an expert to figure out that this is a programmed thing designed to psychologically dupe people to register with the software by creating on them the impression that they are one of very few people who got access to it.
Brexit Money Machine Testimonials
c) Deposit Bonus
Another pop up that comes up during the promo video claims that you stand to get a $2,000 deposit bonus if you sign up then. This bonus will presumably be given by the selected broker, who we found out is not regulated, and you could use it in your trading. However, this is a trap and is for marketing purposes only. When you receive that bonus – note the terms and conditions are not openly stated – you lock up your entire account. You won’t be able to make any withdrawals before you get to the minimum wagering requirements which are set extra high for obvious reasons. In simple terms, if you have to sign up to Brexit Money Machine, keep away from the bonus(es).
d) No links to PayPal/Visa/Bank Account
At the very bottom of the website, there is a small tab in which PayPal and several credit card brands logos are shown under the banner ‘No PayPal or Credit Cards! 100% Free’. A red line crosses the tab diagonally to further drive that point home. Basically, they’re trying to say that Brexit Money Machine, and everything it offers, is free of charge and you won’t have to pay a single cent to get membership. However, the immediate step, after giving your email and personal details, involves making a deposit to your trading account from your bank/PayPal or credit card. We have no problem with this as it’s standard practice. Our problem is with Brexit Money Machine lying through their teeth that one doesn’t need to do such a thing. That’s a blatant lie right there, and our work is to call out such crap and condemn the owners in the strongest terms possible.