Brexit Millionaire

What is Brexit Millionaire?


Let me just take a moment to explain what all of these websites (Brexit Millionaire, Bitcoin Trader, Quantum AI) are actually trying to achieve, who operates them, and what will happen if you sign up.

Firstly they all tell you the same thing. Whether it is the Immediate Edge Scam or the Crypto Network Scam or whatever. They tell you that with a $250 deposit, you can just sit back and make millions without doing any work at all. Now, aside from the obvious problems that this would cause, I do just want to make it clear that no one with an AI intelligent enough to trade or bet on ForEx/CFDs is ever going to sell that technology to you. No one from NASA has discovered a piece of code that magically makes all of your dreams come true and no one will ever start giving it away for free.

Now that said, in the old days of these scams, that is actually the product they used to pretend existed, and their promotional videos still claim this, but times have changed. Now with CFDs (which is not trading at all, just betting on relative point shifting within certain markets or networks) they can literally take your money off you legally. CFDs (Contracts For Differences) involve making a contract (signing a wager) with a bookmaker to bet on the USD going up against the EUR. Now if you put $250 in, and bet 1$ against each point, and the USD drops $0.05c against the EUR then you will lose $500 and owe your bookmaker another $250. This is what CFDs are - spread betting - and you are liable for your losses to the bookmaker. There are no shares, and so I refuse to call it trading.

Now CFD trading and CFD trader marketing is illegal in the US because it is pretty close to licensed fraud. 80% of retail accounts spread betting on CFDs / ForEx lose money on pretty much every platform, and they lose it directly to the bookmakers (or trading houses as they call themselves) rather than holding low value shares that may rise once more. In other words spread betters get nothing for their money if they lose. A CFD only has value for the length of the contract so you are buying something that will become worthless.

So as you can imagine, a lot of people want into this, and this is the big change in all of the tactics these scammers use. Their actions are no longer illegal, but licensed in countries like Cyprus who are keen to do any business any way they can find it. 

This means that the affiliate market for these offshore CFD bookmaker houses are lucrative. And the more gullible the people you sign up the better, this is why they stick to their ridiculous claims about robot traders at the top of the page, and leave a sea of terms and conditions at the bottom. They want you to sign up as quickly as possible so that they can get your phone number and plague you with calls morning, noon and night. Once you are in their sights they will use any means to get you to invest everything and promise that they will take care of you. You didn't read the terms in detail, so it is all your fault.

There is not ability to recover these funds easily if the company is offshore, so if you have already fallen victim to these ploys then make sure you have a really good check on any scam/trader recovery companies before handing over any more money. Many of these companies are not actually within Australia or Europe and as such are not subject to local laws that lawyers or solicitors are trained in. Many of these companies are run by the same people out of Eastern Europe and Russia and are registered in Cyprus or the Caribbean. These companies also tend to occupy shared company address sites where the premises just sub-let their address and forward mail at a cost, having no physical affinity with the country the business is registered in. The websites too will often be protected from investigation by services such as WHOIS privacy proxies and Cloudflare masking which hides the real IP of the actual web servers.

Another thing to remember is that the people who scammed you are not actually necessarily the trader/bookmaker. They operate what they claim is a legitimate business, even though they often freely admit that 80% of all retail accounts lose money. Their customers choose to use the system, so if they are up-front and honest, how is it their fault? If you choose to go after the original company that made all of the promises, you will find that the domain has changed since last time and that you cannot track down where the servers really are. They have opened up the same website under yet another bitcoin auto trader related domain name and remain untraceable. For some reason Google allow them to advertise which is a surprising difficulty in all of this.

And so finally let us get to the actual issue here. Because of these CFD bookmaker/trading houses taking money from people and the affiliate charges they can offer, a plague of misinformation is now strewn across the internet. Whether the websites are from the scammers themselves or from affiliate partners, they now command enough content and links that search engines rate them well. This serves to completely corrupt the internet opinions on who is really a safe trader to deal with. 

Companies like trustpilot are completely unreliable when it comes to investigating a trader of offshore CFD trader/bookmakers. They employ hundreds of clone accounts to make single review of their companies and they even add the occasional bad review to keep things safe. They remove anyone (as they can do with trustpilot, which is a concern with criminal companies) who names them as scammers and keep a 4.8/5 star average, which is pretty ridiculous for a company that state at the bottom of their pages that 80% of their retail accounts lose money.

So this is why we have to post to these pages. To hope that the search engines will start recognising real reviews instead of the nonsense spread across the internet by these CFD zombies. 

Now a good thing to do today if you are in financial difficulty, is to speak to a real stockbroker about investing in real shares in companies that are pioneering (not too far ahead of the market, but burgeoning) information tech and remote communications and automation. These markets may grow and they are a relatively safe bet compared to CFDs. It is not like winning the lottery, but it can be a safe and growing investment that gives you a share of something tangible. Your local stockbroker (pick one with an office you can visit) should know the best options in your current position.

You can see a proper download of the Brexit Millionaire Scammer nonsense here.

This is the risk disclaimer statement further down their page, that protects them from legal action:

Important Note: Trading in FX and CFDs involves a high risk of loss due to the leveraged nature of the trading which might lead to the total loss of your capital and which might not be appropriate for all types of investors. Please read our full risk warning and the relevant broker you will be registered with to ensure that you understand the risks involved prior to proceeding, taking into consideration your relevant experience. Seek independent advice if necessary. The information contained in this website and disclosure documents is of a general nature only, and does not take into account your personal circumstances, financial situation or needs. You should consider the brokerage Client Agreement carefully, and seek independent advice before deciding whether trading in such products is suitable for you.

We would recommend taking a look at learning to spread bet rather than to be taken in by CFD traders as CFDs are very difficult to trade and also incur extra taxes. Spread betting is actual betting on outcomes, but with some experience of the markets it can be a decent living. Never bet what you cannot afford to lose and keep your eyes on the financial news. Keep an eye on trends - when physical movement is restricted Amazon & Apple will go up. If lockdown ends then Tesla will probably go up. Do not start to bet early or late in a trend but join in when the market is starting to respond and prices are more predictable. Spread betting is gambling and so there is no capital gains tax and no income tax to pay. Make sure you understand the points system before you try any bet and always trial with a demo account first on IG or another big company.

They are currently at: via and and may still be active with the correct affiliate link.

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Brexit Millionaire