Brexit Millionaire .org:
Who are BrexitMillionaire.org?
There is a new version of the Brexit Millionaire site at BrexitMillionaire.org
.ORG domains are representative of non-profit making organisations rather than businesses.
Which seems odd for a money making scheme, but they do say that they are a generous and selfless company trying to save the British people from Brexit, so let's see what we can find out. Perhaps they have turned over a new leaf.
Let's start out by finding out who BrexitMillionaire.org actually are. It is EU, US, British and Australian law that you identify who you are on a website so that everyone can know who they are dealing with. Let's have a look at the bottom of the front page:
So the disclaimer is the only visible text at the bottom of the page, which states:
We work with multiple third parties and may transfer your personal details not only to the company described in the website, but also to other third parties, including non-affiliated business partners in the cryptocurrency field, and transfer or disclose your personal details for their business or commercial purposes. These third parties may use this information to contact you or to carry out their own business and commercial purposes. There are some options that the trader can trade – by software, by human brokers, by himself and it's his responsibility to choose and decide what is the right way for him to trade.
Important Risk Note: Trading can generate notable benefits; however, it also involves a risk of partial/full funds loss, and should be considered by initial investors. Around 70 percent of the investors will lose money. Carefully read our terms & conditions and disclaimer page before investing. Customers must be cognizant of their individual capital gain tax liability in their country of residence. It is against the law to solicit United States persons to buy and sell commodity options, even if they are called ‘prediction' contracts unless they are listed for trading and traded on a CFTC-registered exchange or unless legally exempt.
Copyright 2021 Brexit Millionaire. All Rights Reserved.
No company name, no address, no email, no phone number, no registration number, no VAT registration, no nothing. This is not just a bad sign it is illegal. This is not a registered company within the UK and so has no business communicating with UK residents.
What is BrexitMillionaire.org?
Let's have a look through the text and see if we can understand what they are trying to do. We will leave all the text we copy from the site in italic to differentiate our comments:
How Brexit Has Impacted Britain’s Population
Brexit has had a severe impact on the U.K.'s economy over the past couple of years. In 2019, the U.K. began discussing a no-deal exit which didn’t happen until late in 2020. While there are still some regulations to be discussed by the E.U. and the U.K., the economic changes can already be noticed by people.
This is a very unspecific paragraph. 'the economic changes can already be noticed by people.' is definitely one of the most appalling pieces of prose we have seen on any English language website. It is ineffective, terse, unedifying and suggests that their tactic is scaremongering.
The British pound had reached a historic low due to Brexit, and from that moment, its value has drastically changed, leaving investors with the uncertainty of what could happen in the future. Investors’ uncertainty has also affected the British economy, which brought negative effects to life in the U.K. in general.
Actually the British Pound (GBP) is at it's best sustained period in the last five years according to MorningStar on Google when compared to the US Dollar (USD)
Currently, Brexit is still seen as both a positive and negative thing for the British population, which has left many people in fear of losing financial power as the years pass and more regulations come by.
This paragraph means nothing and once again appears to be attempting to spread fear without being prepared to commit to any actual reason to be afraid. It is syntactically incorrect and has not been proof read. It is the work of an amateur and likely a scammer.
Before Brexit became a reality, e-commerce and digital trading were a recurring topic to discuss since many regulations prevented people from trading particular assets in the territory. For example, cryptocurrencies weren’t that well received by the E.U., which didn’t give people many trading options for that asset.
This is just complete nonsense. Cryptocurrencies are, in the most part, decentralised and as such administered by the people and not any government or bank. The EU is as receptive or unreceptive as any other financial institution. As soon as people start accepting crypto for goods, the banks are redundant., they are no longer in the loop. Trading of cryptocurrency cannot be regulated as it is not under anyone's control. It is an open-source encrypted entity that dictates its own price by demand and supply like most commodities. The role of crypto is uncertain, but there is more to the cryptocurrency concept than just trading a commodity. One way or another it will become the new control mechanism after oil and debt. This website is yet to actually explain what it is offering but presumably it is connected with trading???
However, some people believe that Brexit can give the British people more freedom with these assets since their inclusion can help the U.K. recover from the pound’s drop in value over the past years. Economic changes are still being studied by financial experts, but people are already looking for different ways to improve and guard their financials for the future.
So are we saying it is a negative or a positive now? The determination of the website to use Brexit as a care tactic appears to be on the wane.
What does Brexit Millionaire Offer You?
What is Brexit?
Some people don’t even know what Brexit is yet. Whether you’re from the U.K. or not, it’s vital that you understand what’s happening between the E.U and the U.K. so that you can assess your financials better. Brexit (Which is an abbreviation for Britain and Exit) involves the decision of the United Kingdom to leave the European Union. The Brexit process started in 2016, where the U.K’s decision to leave was approved in a referendum. Regarding Brexit, the decision also involved re-negotiating trade deals, citizenship regulations, taxes, borders, and other things. When Brexit was first announced, the pound decreased significantly in value, car manufacturing within the U.K. also decreased, and over one trillion worth of assets were relocated to other European countries. Even when it sounds like Brexit gave the U.K. a hard hit in its economy, many financial experts believe that this decision is going to have many positive financial outcomes in the future.
Once again we are meandering from bad to good to bad again here. There is definitely a vague description of what Brexit is here, but what is this website actually offering? If we wanted to read about Brexit then the broadsheet newspapers can give us a proper explanation of what the reality involves. When are we getting to the second half of this website name for instance? Namely the Millionaire part? We have not been given a name of anyone they are affiliated with nor any actual specific financial information. Everything is just tied to 'financial experts' and flip-flopping statements like 'Even when it sounds like Brexit gave the U.K. a hard hit in its economy, many financial experts believe that this decision is going to have many positive financial outcomes in the future.' which once again, means nothing.
The new tax laws brought in by the EU and the money that is kept in the tax haven known as the City of London made Brexit inevitable, but no one in the media is allowed to disclose this. The whole referendum was a set-up and Cameron was the fall-guy. The public were made to believe they voted themselves out by the tiniest of margins but they undoubtedly didn't as the bankers would never have allowed something so vital to their future to be left to chance.
What Does Brexit Mean for Trading in the United Kingdom?
As you may or may not know, London was one of the U.E.’s biggest trading partners. However, after Brexit came along, its value as a trading partner decreased considerably due to investor’s uncertainty.
Do they mean EU's biggest trading centres? Well it was most assuredly the biggest before Brexit, but that is obviously no longer the case.
However, it seems like Britain’s period of transition has come to an end this year, allowing people to prepare themselves for the future, and that includes trading. One of the best things about trading is that it’s continually evolving according to changes in history.
This is complete nonsense. Trading never really changes, it may suffer more restrictions but the concept of what trading is holds true since the beginning of civilization and does not change. With advent of binary changes and options trading etc. there are more possibilities to make and lose money but spread-betting is not really trading and CFD trading is trading a very questionable, non-tangible asset. These kinds of products are not recommended to anyone except the most experienced traders.
There are still some regulations when it comes to trading particular assets within British territory, but overall, more people are looking into trading as a new tool to recover from their financial losses due to Brexit.
More people than when? Recover what losses from Brexit? Surely COVID has been a much larger impact on income than Brexit which has become almost forgotten in this new, unparalleled crisis. The number of people affected worldwide by COVID is quite unknown in the last century as personal movement and freedom has not been so restricted in anyone's lifetime.
We believe that Brexit should be seen as a new opportunity to learn more about how trading behaves in particular situations (Such as this one). Learning how trading works can help us adapt to different situations where a particular asset’s value could drop, allowing us to mitigate the risks that come with trading. Overall, today is a great opportunity for people to begin trading. Whether it’s CFDs, stocks, cryptos, or other assets, there are many things waiting to be discovered, and it’s only a matter of time until the British economy comes back up.
Most of this statement is simply a massive generalisation and holds true under any circumstance. Learning about something is never going to be bad if you can make a profit from it anywhere. Any crisis gives rise to the possibility of making a fortune, just as the 2008 crash did and the crashes before that. No matter the market conditions, someone was ready for it somewhere.
What Does Trading Involve?
If you’re a newcomer to trading, don’t worry; we’re here to help you. Trading is a concept that has evolved over the past decades, so we’re going to give you an overview of what it entails so that you can have a better idea. Trading by itself refers to the act of giving someone an item in exchange for another thing. Taking that into consideration, trading is all around us; whenever you purchase something at your favourite store or do a favour for someone in exchange for something.
OK so they are clearly recruiting novices for their trading which is a concern. No one should engage in trading without having read at least a couple of good books and spent many hours with mock-trading accounts to see if they can make money in practice before they commit real currency.
However, the type of trading we’re referring to in this case is the trading of assets, such as stocks, CFDs, and more. Investors around the world are continually betting their money into particular assets because they believe their price could go higher in the future; investing in an asset brings its value up, which makes trading an activity that’s always changing.
Remember what we said. Anyone that is new to trading should steer clear of CFDs as they are complex agreements that can become worthless instantly under the wrong conditions. Anyone trying to convince novices to trade in CFDs is clearly a scammer, which is what the writer of this BrexitMillionaire.org website appears to be.
Many years ago, stock trading was the primary source of trading, where people would buy a small share of a company (and its profits) at a fixed price and sell it whenever they believed they could gain a profit from that sell. To put it simply, investors buy shares to earn a return on their investment, whereas companies sell shares to invest the earned money in resources. This activity has been around for decades, and back then, it wasn’t available to the average consumer. Years ago, many professional investors would gather in an auction room where they would execute their trades in person.
In fact it has been around for centuries and has seen many a world-changing event take place in the trading houses around the world.
When digital trading came along, this activity became much more accessible to the user since you could then execute trades over the internet. Today, trading is more accessible than ever, and it’s only a matter of choosing what asset you feel most comfortable trading.
It is not something you should undertake unless you have put in the due diligence (done a lot of reading, research and had a lot of practice.)
Now we shall skip over their discussion about 'What Assets can you Trade?' as you can trade anything anyone wishes to buy and move along to where they discuss one particular type of asset, CFDs.
Contracts for Difference (CFDs)
CFDs work fairly differently than stocks. Overall, CFDs are a special contract that a buyer makes with a seller in which the buyer agrees to pay the difference between an asset’s price at the time the contract goes live and when it ends. Most CFD trades happen through an online broker that puts the buyer and seller in contact. At that moment, both parties are able to discuss the opening and closing times of the contract, so you may arrange something that benefits you. Keep in mind that the key to arranging a good contract is to study the asset’s price movements. If you know the behavioural patterns of that asset, you’re likely to have an easier time figuring out the right opening and closing time for the contract.
Now just to be clear, CFDs are complicated, because you are actually trading a contract, not a commodity. If you hold the CFD for a long term, then it is possible you are entitled to the relevant dividend or other benefit associated with the commodity that the CFD represents, but in the main, it is a limited time contract which will expire and become worthless. CFDs are all about predicting price movements which is, on the whole, impossible. Do not touch CFDs unless you are an experienced trader. The last part of their paragraph sums them up. There are only behavioural patterns in the people trading them and anything can happen to upset those people. CFDs are bad news.
ForEx (Foreign Exchange Rates)
Forex is currently one of the biggest trading communities worldwide. To put it simply, Forex is a global market where people can exchange currencies, such as GBP for USD and vice versa. This type of trading market is considered the most liquid one since it allows people from anywhere in the world to trade their national currencies for other ones. While Forex is popular, it has a particularly low percentage of traders. One of the main problems with the Forex community is that most traders dive into it without knowing how the market works. Indiscipline and inexperience have led several people to lose their investment quickly, making them leave trading altogether.
So here we are encountering another part of what makes CFDs so complex. You have to choose an opening price in something to make your contracts for differences with, and that is often ForEx with these types of brokers. ForEx is very difficult to predict and making assumptions about movements and opening and closing prices is highly speculative (completely unpredictable) so your CFD price limits can be reached quickly and your stake be taken by the brokerage. CFDs and spread betting are contracts being made with a brokerage rather than owning anything tangible. This means that if you are doing well, the brokerage is losing money. Remember that. No CFD or spread-betting house wants you to succeed. Their advice in the matter is often the worst advice you can take.
Cryptocurrencies
Cryptocurrencies are the newest addition to the trading market. Bitcoin, which was the first recorded cryptocurrency in history, came in 2009, and it has evolved and brought several other cryptos over the past few years. In crypto trading, your goal is to speculate on the crypto’s value increase/decrease over a particular amount of time and execute a trade based on that prediction. One of the downsides to crypto trading is that the market is highly volatile, making it harder to execute accurate trades. The crypto market has gone through several regulations over British territory. However, Brexit has opened up a big door of possibilities for these digital assets in the future, making many investors turn to cryptocurrencies as a haven for their savings. Trading cryptocurrencies is often seen as a dangerous activity, but as long as you know what you’re doing, you can quickly mitigate the risk of losing your investment in the near future.
Now crypto currencies have a reputation for being volatile, and for good reason. They tend to make huge movements due to external forces such as CFD trading and spread-betting contracts being made on huge volumes of crypto because fluctuations of only a few dollars can make speculators huge sums. The most important factor here is that these companies are not offering actual trading on anything, but speculation with CFDs on cryptos. With leveraging rates of 100:1 you can easily lose a lot of money without understanding what you have let yourself in for.
There is one sentence on the site which sums up the truth:
Remember that there are no shortcuts to trading. The more work you put into it, the more likely you are to see progress in your trading in the future.
That is the exact truth, so do not sign up with these people in a hurry, do your homework and get online with IG or eToro or a local stockbroker and be sure to start small and understand each step you take, and you can do well with your trading career.
The Brexit Millionaire site is an affiliate site. They say whatever gets them the rankings and then whatever it takes to get your phone number.
The page below is their attempt to validate your phone number as real to ensure that they get their $700 USD affiliate fee. That fee come from the brokerage, and is a sure sign that they intend to ensure that they get their fee. Their fee comes from your money, so beware.