Million Dollar Bot was allegedly founded by Thomas Cooper, an ex-Wall Street trader who used his knowledge of trading binary options to build this robot. According to the description on their website, Million Dollar Bot is “an Artificial intelligence robot system programmed to trade binary options automatically”. They go on to say that:

“Million Dollar Bot is The World’s First Trading Robot based on Artificial Intelligence and designed by a team of ex-Wall St. Analysts and leading mathematicians. The combination of Artificial Intelligence and sophisticated algorithms makes the Million Dollar Bot highly accurate and profitable. More than 1,750,000 trades were tested and a 70% success rate was discovered. Million Dollar Bot ensures maximum profits by making automatic trades on behalf of the trader.”

So is Million Dollar Bot a legitimate robot or a scam? See our answer below!

What is Million Dollar Bot?

With a name like Million Dollar Bot, is it any wonder that it is totally a scam? Sure, their 70% claimed success rate is nothing special, especially compared to the other scam robots which usually claim success rates of 99% or more. Nevertheless, Million Dollar Bot, just like the other shady robots, use actors to give misleading information.

We would first like to highlight their statement that “Million Dollar Bot ensures maximum profits by making automatic trades on behalf of the trader.”. That doesn’t mean anything at all! The robot could make you all automatic losing trades and the only thing you will be ensured of is maximum losses.

‘Thomas Cooper’, as you have probably guessed, is nothing but an actor, and in fact he appeared on another scam robot: Wall Street Lifestyle. Thomas Cooper is no ‘ex-Wall Street trader’ but most likely just a cheap actor from Fiverr. We also wonder why these scammers keep touting the ‘ex-Wall Street trader’ shtick; don’t they know that Wall Street doesn’t actually trade binary options in any significant amounts?

Anyway, if you head on over to the ‘Disclaimer’ section of their website, you will see that they openly admit to using actors to present fictitious information. So, when it comes to the question of whether Million Dollar Bot is legit or not, nothing more needs to be said.

How Does It Work?

If you have read any of our other scam robot reviews on this site, you would probably know that these robots are very dubious. Essentially, when you fund your account with the broker through the robot, the robot creators get a nice affiliate commission. In addition, the robots themselves use affiliate marketing to promote their ‘services’. A very common way that this is done is via email marketing (aka spam), and by binary options review sites themselves!

In our case, we were unable to be redirected to Million Dollar Bot’s partner broker through their website; it appears that the people behind Million Dollar Bot have already moved on to their next project.

Conclusion

The Million Dollar Bot is a service we cannot recommend. While they do not make outrageous claims of guaranteed income, you will not make a million dollars with this service. Skip this one and go gain some education on how to actually trade binary options instead.

 

Recommended Brokers:

	Min. Deposit	Max. Returns
	$200	91%
	$10	92%
	$250	89%
	$250	90%
				All brokers >>