The Oil Millionaire app Scam Review
The Oil Millionaire app is automated trading software owned by Donald Olsson. The Oil App was built to trade oil exclusively using binary options on auto pilot for insane profits. Donald Olsson the Oil tycoon behind the creation of the App, claims to have 10 professional traders monitoring the back end of the software to ensure all trades are winners.
I had to chuckle a little when I saw the oil millionaire app because it’s a different approach to a few of the other similar scams out there on the market at the moment but the thing that really pisses me off about this offer is that Donald Olsson or whoever is behind the oil app is presenting it as a RISK FREE investment opportunity which is complete bull crap.
With every investment there is at least some level of risk, especially while trading on the financial market. Risk Management is an integral part in trading binary options with success. To call the Oil Millionaire App risk free is purely a marketing tactic employed to disarm any concerns fence sitting depositors would have. The Oil App is in-fact about as risky as they get.
You see the reason why there are so many of these Scam offers is because the Binary Options market is a rapidly growing industry and this is attracting a whole new breed of vendors. The money hungry online marketer is infiltrating the binary options software market with bad products, bogus offers and even worse intentions. The Binary Options market has been no stranger to difficulties. For many years, binary trading has been under a dark shadow due to the deceptive nature of some of the unregulated binary options brokers. This danger is now amplified by vendors who are willing to say and do anything in order to get commissions by referring traders to sign up with these brokers.
Okay, so what if in fact this is legitimate and I’m just being too sceptical?
Yes, the Oil Millionaire App is pretty cool, I like the idea of a Rich Oil Tycoon sharing his wealth amongst a lucky few but that is just not happening people. In my experience as a trader, I can tell you that any “system” that claims it has a 100% hit rate is a scam all packaged up ready to go. Just take a look at some of the trade results offered by the Oil millionaire app below and you will see what I am talking about.
The Binary options traders of today need to understand that there are a multitude of unscrupulous vendors in this market and 90% of them are all using the exact same marketing methods as the Oil App and offering bogus offers. A quick way to recognise a scam like the Oil Millionaire app is if you come across a binary options software or product that’s claiming that you’ll be a millionaire in a month and don’t have to do any work, think twice about it and don’t reward the scam vendors with commissions they don’t deserve.