Last Updated on January 5, 2022 by Stephan Lindburg
Welcome to our Dogecoin Millionaire review and scam investigation. Dogecoin Millionaire is advertised as an AI-powered automated trading platform which is responsible for creating more crypto-millionaires than “all other platforms” combined for 2021. But is that the really truth or is Dogecoin Millionaire just another get-rich-quick scheme? Well, for starters this trading platform has nothing to do with Glauber Contessoto, who purchased $250,000 worth of Dogecoin during February of 2021 and is now truly a Dogecoin Millionaire.
Neither does this fraudulent software have anything do do with Jackson Palmer and Billy Markus, who were the programmers that developed Dogecoin. Conversely, the Dogecoin Millionaire scam trading app has everything to do with defrauding innocent victims and opportunity-seekers by making fake or exaggerated claims of easy money as we shall prove in our review.
Now, when we conducted our £250 deposit test the broker which was assigned to us was named “Top Trade CFDs”, and it has a registered business address in Sophia Bulgaria. After investing money we were told that our £250 is just a way to get familiarized with the trading environment and if we wanted to make some serious money we will have to invest at least £5,000.
These types of persuasion tactics are very commonly used by scammers, so we understood exactly what was about to happen. Needless to say, our money vanished in a matter of minutes and we were subjected to a barrage of phone calls from a variety of “senior brokers” who tried to convince us to use an alternative system and invest more money.
We also noticed a marked increase in the amount and diversity of fake Dogecoin Millionaire reviews which have recently been published. It seems there is a concerted effort and guiding hand which is responsible for coordinating the positive exposure this confirmed get-rich-quick scheme is receiving online these days. So, we would like to send a clear and resounding message to all the unethical affiliate networks and media agencies who are endorsing this piece of rubbish. We shall not sit by idly and watch you cheat people out of their money.
Right here and today, in our investigation we will expose you and all your misdoings. We will definitely rain on your little parade and show all our viewers how you freely endorse and promote scams. So if you have seen a fake news article or clicked on an advertisement which has lead you to the Dogecoin Millionaire scam and plan on investing, we highly recommend you take a minute to read what our band of expert internet sleuths were able to uncover.
Official Website, Login Page, and Members Area: There are a few websites pretending to be the “official” Dogecoin Millionaire website (They are all scam)
If you take a look below you will see the main sales-page and registration area for the Dogecoin Millionaire scam trading app. We kindly ask you take a look at the section where the scammers say “Dogecoin Millionaire is making people rich”.
Now, if you take a look at the image below you will see that this is the same sales pitch which is used by about 50 other systems. We underlined the relevant sections for you about an exclusive group reserved for people who are willing to take a risk, and the part about insane returns.
Dogecoin Millionaire Scam: Fake Testimonials
If you need more proof feel free to look below. These con artists are so sloppy that their widget didn’t even populate the name section. So all you have is an assortment of stock photos that were illegally scraped from the internet, and instead of a name you have the word “undefined” (see red circles).
Fake Dogecoin Millionaire Reviews and Sponsored Promotional Content – There Is Way Too Much!
Now that we know the testimonials are totally fake, we can see an example of a fake review website which claims the exact opposite. In fact, this person is actually pasting the same image bank photos on his website and saying that these people managed to generate “$10,000 a week”. Obviously whoever is using this dirty sales tactic is doing his viewers a disservice, and we anticipate that they shall reciprocate by simply leaving his website whilst searching for a better or more genuine review.
Dogecoin Millionaire Trading App: Entire FAQ Section Is Cloned!
This is just too much! These lazy scammers copied the entire FAQ section. If you check below you will see a side-by-side presentation of where it was copied from. Notice the sections outlined in red about how it only takes members about 20 minutes to trade, and the part about a 99.4% accuracy level. If this isn’t enough proof for you message us and we will show you more!
Dogecoin Millionaire Review: Fake News
The people who are orchestrating the Dogecoin Millionaire scam are using tweets made by Elon Musk about Dogecoin in order to make their scheme look more legitimate. They are also using the name and reputation of Richard Branson, as well as other well-known celebrities for the same purposes.
Moreover, they are also trying to piggyback by associating the words “Dogecoin Millionaire” with various media outlets, forums, and review platforms such as Trust Pilot, Reddit, the Robinhood trading app, The Daily News, New York Times, Business Insider, and CNBC. Don’t be fooled for a minute, this scam has nothing to do with the real Dogecoin cryptocurrency which was endorsed by Musk.
The Difference Between Dogecoin and Bitcoin
The main difference between Bitcoin and Dogecoin is supply. Bitcoin has a finite or limited supply of code lines which can be mined and turned into coins. Dogecoin has an infinite supply and can be mined forever. This is in many ways similar to a national currency where a government can simply print money, but chooses not to do so due to inflationary considerations. Bitcoin is more similar to gold, as there is only so much of it that can be found, but that is what makes it so expensive or valuable in the first place.
Dogecoin Millionaire Review, Can You Get Rich Using This Platform?
Dogecoin Millionaire is supposed to by an automated trading robot which uses artificial intelligence and a variety of algorithms in order to execute winning trades without any need for human intervention. Now let’s see what Dogecoin Millionaire is not. Despite what some review websites would have you believe, Dogecoin Millionaire is not a trading software which identifies profitable trades and generates accurate signals for its members. In fact, it’s not a trading software at all. It’s merely an over-hyped sales page which is being very aggressively promoted by con artists who want you to invest through their their affiliate links so that they can receive referral commissions.
Moving on, there is ZERO artificial intelligence involved in this bogus trading app, and the recycled pitch about making successful trades regardless of how markets fluctuate is both farcical as well as infuriating. Dogecoin Millionaire is most definitely NOT a user-friendly trading app, and it doesn’t analyze any shift or industry trends. Finally, there is no trading automation of any kind, but this is not unusual when it comes to these types systems.
By reading the facts above, it can also be inferred that the Dogecoin Millionaire trading software is neither safe nor secure. The actual URL we were referred to uses a rotating IP and connected to over a dozen shady websites from a variety of industries which we prefer not discussing in our review.
Dogecoin Millionaire Review: Advertised Features, More Lies About Zero Risk!
There is absolutely no discussion about the various features that are made available to members after joining this scheme. The only information which is made available to users consists of these three bullet points.
- Secure Transactions: They say that because only secure blockchain technology is used, they are able to provide a “98.9% success rate” to everyone or anyone who is a member of the “private group”.
- Simple and Easy To Use: It’s mentioned that the app is installed in a matter of seconds, and compatible with IOS, Google Play, and MAC.
- Trusted Performance: Totally automated software which scans the major exchanges and offers “zero risk” as well as immediate rewards.
Dogecoin Millionaire Scam: Fake App Doesn’t Integrate With The Major Cryptocurrency Exchanges!
First of all let’s get a few facts straight. All forms of trading involve a significant degree of risk and anyone telling you otherwise is a liar with a hidden agenda. The same goes for immediate rewards. The scammers are trying to sell you the same idea but from a different angle. Additionally, Dogecoin Millionaire has absolutely nothing to do with crypto exchanges, that’s a blatant lie.
When you register for an exchange like Kraken or Binance, you are supposed to see the open orders and price movements. This is not available anywhere in the Dogecoin Millionaire website, and that is because it doesn’t exist as we have previously mentioned. Dogecoin Millionaire is just a fancy sales page with a registration form and no software at all. That’s just how the scammers operate so don’t take the bait!
No Back-Testing Conducted!
Dogecoin Millionaire does not show its members performance stats or anything resembling back-testing. That means one of two things. Either that there is no historical data available to show, or alternatively the data exists but someone prefers you don’t see it. There is a third option, maybe these scammers are just dense or careless. Either way you look at it, it doesn’t look good!
Dogecoin Millionaire Scam: Demo Versus Live Trading
This trading platform does not offer demo. It’s just a direct registration form to a CFD broker which is waiting for new customers who are interested in generating quick profits. However, similar services that at times do offer demo mode choose to deliberately mislead new registrants. They do so by setting demo mode to win trades, but when live trading is involved the losses start mounting and the money evaporates very quickly as was the case with us.
Is It Free?
Of course it is not! You will need to make an initial deposit of at least £/€/$250 in order to gain access to this fraudulent piece of rubbish. The people who will process you credit card transaction are those offshore brokers we have previously discussed, and they don’t really care much about ethical business practices.
Dogecoin Millionaire Review: Patenting, Regulation, and ISO Certification
Dogecoin Millionaire is totally illegal. We searched but were unable to find anything which even closely resembles a patent or license of any kind. The European Patent Office, very much like patenting authorities in the United Kingdom and Australia has very clear rules about these matters.
For example a CII patent in Europe requires that developers take very specific and innovative steps to make sure their product or software stands out from the rest and does not violate any copyright laws. When it comes to recognized software standards then ISO is the entity you need. Applying for an of ISO 9001 software certification is no easy task, and in order to receive it developers must demonstrate proven expertise. There is also no mention about PCI compliance, which basically means that if you join Dogecoin Millionaire your financial data will not be stored on safe and secure servers.
In a nutshell, Dogecoin Millionaire is a scam that was put together by affiliate marketers and it has as “quick and dirty” feel to it. Meaning the con-artists wanted to launch a new service quickly so they didn’t pay attention to the details. But attention to details is exactly where where our researchers excel as you can see for yourself.
Dogecoin Millionaire Scam: Amateur Traders Are Targeted (Warning)!
The crooks who are promoting this phony piece of trash technology are specifically targeting new or inexperienced traders, and there is a good reason for that. Experienced traders will never join a software like Dogecoin Millionaire, because they know there is no way they can use it to make money.
This can be summed up in one word; non-existent. There is no customer service or any kind or technical support which is designed to help you get started. There is no contact form or email that is made available to members. They only thing a person can do is register or not. That’s pretty much it!
Dogecoin Millionaire Review: Cashier FAQ (Deposits and Withdrawals)
Members wanting to join the Dogecoin Millionaire app will find it very easy to deposit money. They are simply referred to the cashier section of the broker, where they are illegally solicited to pull out their credit card and invest. However, when it comes to making a withdrawal things change dramatically.
We received numerous complaints about traders who initiated a withdrawal request and were deferred, delayed, and stalled for weeks and even longer. These tactics are designed to cause frustration and get victims to give up and move on. If that doesn’t work the account is simply frozen along with any funds available.
It’s true that most systems are incapable of generating significant returns for clients, but every now and then a new software is launched which actually has some potential. When we spot it, we test it for an extended period of time and if it is consistently profitable we add it to our recommend section.
Dogecoin Millionaire Review. Summary, Conclusions, And Final Verdict!
We decided to blacklist the Dogecoin Millionaire scam app and fraudulent trading software. There are so many fake review websites and sponsored articles who will try to tell you that Dogecoin Millionaire is legit that it truly boggles the mind. So if you are telling yourself, well if all of these websites say Dogecoin Millionaire is a profitable trading app then it must be so, then you are in for a rude awakening.
Sadly the truth is a bit more complicated and we often find ourselves being the proverbial wet blanket in these types of situations. So to conclude, don’t join this program its a scam and the people saying otherwise are crooks or affiliate marketers operating in cahoots with the con-artists whilst attempting to defraud innocent victims looking to take advantage of a genuine trading app.