We take a look at a scheme called “McDonald Millionaire” or “McDonalds Millionaire” operated by Robert Mfune that claims visitors can make thousands of dollars every day using a “secret” trading app.
The site operates from a number of domains, including www.mcdonaldsmillionaire.com and www.consistentprofits.co. The article has been picked up by various UK tabloid websites. More on that below.
What is McDonald Millionaire?
The site claims to have a trading app that will allow those who sign up to make thousands or even millions of dollars. Upon signing up, it is clear that this is another Binary Options trading scam where visitors are expecting to deposit a large amount of money to trade on the Binary Options trading market.
What is a Binary Options get-rich-quick scam?
This refers to a scheme that deceives a victim by deliberately luring them into believing they can make significant money by trading with Binary Options trading software. The scheme will dress up Binary Options as a “secret” or “underground” method of getting rich.
Binary Options trading is where an investor attempts to predict whether a specific stock will rise or fall in value over a short period of time. If the investor predicts correctly they get a return on their investment, but if they predict incorrectly then they lose their investment.
It’s an alternative and less popular version of traditional trading, and it is poorly regulated. Additionally, most finance experts agree that Binary Options is similar to gambling. As such, there is no way to “beat” Binary Options or to “game” the system. There is no secret software or methods that can be used to guarantee wealth using Binary Options trading. Binary Options get-rich-quick scams have many similarities to schemes that falsely claim to help you beat online casino games.
These get-rich-quick scams use a variety of deceptive and misleading sales tactics to trick victims into signing up for Binary Options brokers by asserting that they can get rich by doing so. The Get-Rich-Quick scammers are paid a commission for referring victims to a Binary Options broker.
Those who sign up are required to pay an initial deposit into their broker account, and most will ultimately lose that money.
In the case of McDonald Millionaire, when we signed up we were referred to a broker called Ashford Investments. However it is possible the scheme uses many different brokers.
You can read more about Binary Options get-rich-quick scams in our article here.
Picked up by mainstream media?
What makes McDonald Millionaire stand out from most binary options trading scams is that the fake story has been picked up by some low quality tabloid media who have not been doing their fact checking. This includes The Daily Mail and The Sun.
Misleading Sales Tactics…?
McDonald Millionaire has employed many misleading sales tactics to trick victims into signing up. This includes…
Doctored shots of trading results
False advertising claiming that Richard Branson has endorsed McDonald Millionaire
Use of a fake “Forbes” websites reporting on the app
Fake “limited spots” available caveat
Fake claim that users will become rich by using the trading app. As with most binary options get-rich-quick scams, most who sign up will lose money.
Despite this scheme being featured on tabloid press, it’s still fake. There is no way to get rich here – this is just another site that wants you to sign up for binary options brokers so the scammers behind it can make affiliate commissions.