#

MILLIONAIRE'S CLUB review

27 Nov 2023

General information

Today we have on our radar the signal provider MILLIONAIRE'S CLUB. It is based only on Telegram, where it gives free signals and paid signals in a premium group. The provider has no website or other social networks except Tiktok.

Social network

The provider has a ticktock account with over 6 thousand subscribers where it posts trades. There's nothing interesting to highlight here.

https://www.tiktok.com/@daddymillionairerecruit?_t=8W1JU3PFspO&_r=1

Telegram

The main source of MILLIONAIRE'S CLUB signals is the telegram channel. It has 9639 subscribers, quite a large audience. The average number of views is 855. The audience engagement is low and amounts to 8.86%. The graph of subscriber growth looks frankly unhealthy. Over the course of a year, you can see rapid growth and drops. This suggests that the provider probably has fake subscribers. 

If you look at the provider channel audience engagement graph, you can see that it was 16% in September. Then it dropped to the current numbers.

It is interesting to note that the first name of the Telegram channel was "Master Forex". And also the provider has about 432 clients in the premium group. Whether it is a little or a lot is up to you to decide. And in the description of the channel provider writes: "One day you can grow by THOUSANDS of % by following the strongest signals in the Forex market Free training !"

 

Signals

Now let's analyze one of the signals on gold, submitted on November 23, 2023. The signal was to sell gold at the price of 1997. Stop-loss at the level of 2002. First take profit at the level of 1995. TP2 1990. TP3 1985. When the signal was sent to the telegram channel the price had already fallen. Therefore, the opening price was at the level of 1995. After opening the trade the price immediately followed the forecast and the trade closed with profit reaching TP2. In all trades of the provider the risk/profit ratio is negative. The profit amounted to 54 points. The provider commented about it later.

   

The following signal was given on November 22 to sell EURJPY at 162.425 - 162.725. 3 take profits were placed at once at levels TP1 162.225, TP2 161.500 and TP3 160.000. Stop loss at the level of 162.925. After opening the trade, the price reached the first TP.  But did not reach the second and third targets. Note that the stop loss is very large and the R/R is negative. After that, the provider reported that.

   

Reviews

There are no reviews of this provider. There are feedbacks from clients in the telegram channel. Apart from that, nothing has been noticed. Why there are no reviews on Trustpilot or other review websites.

       

Conclusion

MILLIONAIRE'S CLUB is a completely anonymous provider. No social networks or website to easily find out information about the provider. On public telegram channel there is no verified result from premium group. Although it seems that the provider's analytical skills are not bad. The provider does not have a profile on myfxbook, which is important in this industry.