What is the product about?
Secret Millionaires Club is a piece of software allegedly developed by two ex-investment bankers. It is designed to automatically place trades in binary options trades.
What is the product?
Secret Millionaires Club is a trading bot for binary options. It was allegedly developed by two former traders, one of whom is claimed to have worked for Stratton Oakmont (made famous by the film The Wolf of Wall Street). Details about how Secret Millionaires Club work is scarce with the only information being that you get to join the exclusive club which are also the distributors of the Secret Millionaires Club bot. In order to gain access to the software you have to make a deposit through a specific broker, which in the case of Secret Millionaires Club is OptionRally.
What is the investment vs. the rate of return?
Whilst Secret Millionaires Club is billed as a free product in order to gain access to the trading bot you are expected to make a minimum deposit through the chosen broker. This is usually $250 but could be as much as $500.
In terms of profitability Secret Millionaires Club gets its name from the claimed ability to make users $1,000,000 in 6 months. In fact the marketer of Secret Millionaires Club claims to have made 1,135,659 in this window.
Does the product provide value for money?
Despite being free I don’t believe that Secret Millionaires Club does represent value for money.
Conclusion
As the onslaught of free to access binary options software packages continues I find myself looking at another example of a product that does not prove to me that it is capable of producing a genuine profit.
The fact that Secret Millionaires Club and it’s like serve to make you use a single broker strongly implies a link between the marketer and the broker, likely in the form of a referral fee for the marketer. I am once more left in the position of not recommending Secret Millionaires Club as I believe that the only person who will genuinely profit is the creator.