Monaco Treasure is a binary options robot software that is no different than the Infinity App scam software which we reviewed last month. The actual software is what is called a “white label” binary options robot and it gets promoted by a variety of companies under different names.
You are probably new to binary option investing, and you didn’t realize that there are many scam trading systems online.
Before you lose money with the Monaco Treasure, read about how the scam works.
Monaco Treasure Scam
Here are a few ways you can detect a scam binary options trading software.
- They make big promises about the reliability of the trading software. Here is what Monaco Treasure wrote:”Beat the Markets to CONSISTENTLY Make at Least $850 Daily.”
- We tried out their software, and it recommended an unlicensed broker called 23Traders.
- They write that last week 85 people when from rags to riches.
- The website MonacoTreasure.co only went live on March 19th 2017.
Monaco Treasure Review
There is nothing new to write about Monaco Treasure as it is the same software as so many others we have reviewed, see here. As you can see on the dashboard page of the trading software, it is basically empty. The only thing an investor can control, is the amount of money to lose on each trade, and nothing else! It doesn’t give us any real control of the software like a real trading robot.
Here is what the trading room actually looks like:
The website to login into the trading software is at: https://monacotreasureapp.co/dashboard.
Scam Binary Option Brokers
Scam Broker Investigator is a website dedicated to reviewing binary options brokers, with more than 300 binary brokers reviewed already. It is a know fact that 95% of binary option brokers online today are unlicensed and unregulated scams.
Go read the article; Why people use licensed brokers, so you understand that trading with an unlicensed broker is not a wise decision. The problem using a trading software like Monaco Treasure, is that they work with unlicensed brokers, which are the cause of most complaints in the binary options industry.
Our rule with trading binary options is to only trade with a licensed broker. Go take a look at the best brokers page.
The Best Brokers
There are a few automated trading robots that are popular among traders, because they allow you to setup the software and they work with licensed brokers, look here.
Please tell other newbie investors reading the review of Monaco Treasure, which broker they recommended for you, and how much money you lost, in the comments below.