Last Updated on January 20, 2022 by Stephan Lindburg
Corona Millionaire review. The Corona Millionaire Forex platform is advertised as a professional semi-automated trading software designed for trading currency and cryptocurrency pairs. But our members want to know the truth. Namely, is Corona Millionaire SCAM or legit trading app? After a careful examination of this Forex trading robot, our staff of researchers has concluded that Corona Millionaire is a fraudulent signals system and confirmed get-rich-quick scheme which should be blacklisted. But this is just a part of a bigger problem! After we signed up the broker which was assigned to us was 24Option (Rodeler LTD), which is approved by CySec to buy and sell CFD contracts for clients and investors under license number 312820. That means 24Option is willing to get dirty and accept customers who are literally told they have “zero risk” on their investments, and to be quite honest we are very disappointed with 24Option. It’s to be expected that some unlicensed broker from Bulgaria doesn’t really care about how customers reach them, but when regulated brokers start accepting customers that signup from scam websites referred by unethical affiliate networks it tends to make a big stink and it eventually reaches the regulating authority.
Corona Millionaire Review, Cloned Scam
Our investigation has produced conclusive proof of scam which is undeniable. Any child who looks at the evidence we were able to produce will notice immediately the Corona Millionaire is a copied scam which was designed to trap unsuspecting victims.In our review, we will explain in detail how they copied the scam and why they did it. It’s also worth pointing out that we originally got wind of of this fake app after complaints started arriving about a new system which offers amazing returns with no risk to its members.
If you saw some fake news story about how some celebrity made a fortune using this new bitcoin system called Corona Millionaire, we encourage you to step back and consider your options. There are systems out there which have withstood the test of time and automatically implement algorithmic buffers which offset market volatility. But the Corona Millionaire scam is not one of these genuine systems so please avoid it because we exposed these cheaters as well as their methods of operation.
Official Website, Login Page, and Members Area: coronamillionaire(dot)com
Check out the Corona Millionaire website and registration area where they talk about “your automated investment future”. It’s quite obvious that these crooks are trying to ride the latest Corona Virus hype and somehow translate it into some kind of bizarre Forex scheme.
And here we have a screenshot of the sales video where they literally “guarantee high returns with zero risk” (something which is impossible). This is a classic sales pitch for get-rich-quick schemes, and Corona Millionaire is no different.
Moving along, here we have the bottom section of the Corona Millionaire sales page, and if you take a closer look you will see three “flexible trading methods”. Namely Laser-accurate performance, superior technology, and award winning app. Technically speaking these are not really trading methods but as long as it sells who cares right?
And here we have the Bitcoin Revolution scam. If you look at the image below you will see that the content is copied verbatim and plagiarized from this viral scam which we exposed right here at Scam Crypto Robots a while ago. Go ahead, click the image and compare for yourself.
Fake Corona Millionaire Reviews
Originally when we first to exposed the Corona Millionaire scam, there were no Corona Millionaire reviews at all (neither positive not negative). However, as we correctly predicted this changed very quickly. It appears the Bitcoin Industry’s most notorious fake review website has decided to endorse this bogus software with the hopes that you will register through affiliate links inside. If you do that the fake site collects affiliate commissions from sleazy brokers, so please don’t do it. Oh, and in case you wondered, it hasn’t made it to TrustPilot yet but even if it did, would you really want to risk it given everything you have just read?
Corona Millionaire Fake News
It’s no secret that scammers are using fake celebrity endorsements for promotional purposes. So if you see a fake news report about Gordon Ramsay “jumping on financial tech”, or Elon Musk investing in a new Bitcoin project, then you should know that scammers are targeting you. Additional celebrities or high profile personalities which are commonly used are members from the Dragons’ Den, Shark Tank, Singapore billionaire Peter Lim, Richard Branson, Martin Lewis, James McAvoy, and others.
What Is Corona Millionaire and How Does It Work?
Corona Millionaire is advertised as a semi-automated Forex and Cryptocurrency signals app. They say it works by utilizing five of technical indicators. When 3 (or more) show a similar result the system completes a confirmation protocol. The software supposedly generates signals that are chosen selectively, eliminating false indications.
Corona Millionaire Review, High Quality Signals Or Filthy Scam?
The Corona Millionaire sales presentation starts off by saying that Forex trading is the “best possible way to generate money online from the comfort of home”. This is a half-truth because they are manipulating the facts! They are also saying that the Corona Millionaire platform turns a complex form of trading into a simple process by using a dynamic algorithm which exploits the differences between exchanges. It’s stated that when using this app you can buy low in one location and sell high in another. There is also talk about a diverse collection of professional Forex brokers using advanced artificial intelligence, and guidance from a professional trading with team which will get you “unimaginable results”.
In their sales page they continue to say that the software executes careful monitoring of exchanges rates, news, and trends, which “guarantee high returns with zero risk” (huge red flag). The software is supposed to take into account all factors pertaining to each individual trade and specializes in short trading which they say “boosts portfolios overnight”. In their presentation they claim that reliance of supply and demand insures a “high level of precision every step of the way” and that due to market volatility this software guides users step by step towards profit by using an “intuitive A to Z approach”. The most problematic part of the Corona Millionaire scam has to do with the fact that in order to activate the software you have to use their download link which they send you via email. Doing that means you are opening a .exe file and a packet on your PC which can potentially target vulnerabilities and inject a virus or spyware into your PC or device.
How Much Does It Cost?
It’s going to cost you at least $/£/€250 and in some cases twice as much so get ready. In our case we had 24Option allocated to us as our broker, but that’s purely coincidental and it’s very possible (and highly probably) that you will receive an unlicensed broker. If that’s the case then you will most likely be harassed over the phone and asked to invest in an illegal scheme.
The Rationale Behind Corona Millionaire
Con artists are smart and they are seeing that people are a bit apprehensive at this point because of the Corona Virus and the uncertainties it has created in markets. So to alleviate your concerns whilst at the same time address the situation and ride the media hype, they have concocted some type of ludicrous get-rich-quick scheme which is marketed as a software that reduces risk in volatile markets. But our trained staff of researchers has a keen eye and sees through this facade. In short, we view this absurd attempt to draw a line between the Corona Virus and the Corona Millionaire as malicious as well as utterly misleading.
Legitimate CFD Trading Versus Useless Signals
Trading CFDs or contracts for difference can generate significant profits for you if done correctly. Most people don’t realize that trading a CFD is much simpler than trading stocks for example because you don’t have to own the actual asset. You merely speculate on how the contract will expire and the profit (or loss) is the margin. There is also risk involved, but this is not mentioned anywhere because the scammers behind the Corona Millionaire scam are trying to hide it.
Tested Alternatives That Work
Believe it or not there are systems which actually do use risk management tools like stop loss, and automatically implement conservative settings during turbulent times. Our recommended systems section showcases software that does just that and is designed especially for new or amateur traders just starting out. So if you are in the market for a genuine trading app take a minute to check it out!
Corona Millionaire Review, Summary, and Much Foreseen Conclusions
We chose to blacklist the Corona Millionaire scam software, app, and trading platform after investing €350 and losing all our money. The facts are simple, the evidence is conclusive and it can’t be misinterpreted or discounted in any way. The crooks behind this ruse believe they are smart marketers who understand how people think in stressful market conditions, but they have failed to recognize that if you try to scam people eventually you will have to pay the price for it and have your reputation tarnished. Corona Millionaire is a perfect example of one of these cases and now these con artists will have to pay the ultimate price of having their website blacklisted by the entire online trading community. Should you need additional or require more proof of scam, please reach out and message us via our social media or contact page.