Penny Millionaire is Scam? Legit Software Review

Ease of Use9.7
Quality of Signals9.7
Number of Signals9.6
Overall Rating Updated

If you are looking for an honest Penny Millionaire review developed by David Forrster, then you are at the correct website. Some investors may think that is scam and it’s not legit. But it is an evidence that there are a lot of people who are very impressed with the performance. To help you make the right decision, our review will provide you a precise and honest review that will help you in deciding. If you have been victimized of scam binary options services in the past, this is the perfect time to get back what you have lost. PennyMillionaire is something that most traders can trust and can help you generate more money continuously.

Therefore, we recommend that you read this complete Penny Millionaire review. The software is so distinct, upon testing this auto trader app, our expert team finds it very impressive when it comes to its performance. It does make good profits as explained, because of this our full analysis is written to help you understand the system better before you start to trade.

Their objective was not to produce something to make someone rich in a matter of days, but a system that would help every ordinary individual, as they help the environment as soon as possible. Because of this was developed, applied and now available for traders who want to trade binary options successfully.

What is PennyMillionaire Software?

Penny Millionaire is a semi-automated binary options software. As compared to the regular information that you hear from binary options traders that utilize a fully automated system, PennyMillionaire is different. One of the reasons why is that as mentioned earlier in our review, is a semi-automated software that performs trading on your behalf, unlike others that you can find in other signals services page and thus harder to determine its results. But those who traded with a high volatility market conditions with 77% to 79% success rate and also traders who traded with low volatility market have around 82% ITM (In The Money) performance results. This gap has a little effect on your daily earnings but on the other hand, the success rate is quite amazing as compared to fully automated services and there is no doubt that traders who utilized this software were able to earn more on a daily basis.

Official Website |

Before you start using the software, you need to go to their website. The trader will be asked to provide your email address and name. You will receive a link in your email and instructed to click on it to verify your account. After you have done that,  you may now access the many features that the app offers. As compared to other binary options platform this app has a user-friendly interface so you may not lose your way when trading. It offers real time feed of all transactions. The signals related to your trades are visible that allows you to monitor everything. The Penny Millionaire interface is responsive which implies it changes the resolution depending on the device utilized to access the application.

What are Binary Options? A binary option is a financial option in which the payoff is either some fixed monetary amount or nothing at all. A binary option play a role in asset pricing and are a form of financial derivatives.

How Binary Options Work? Binary options “are based on a simple ‘yes’ or ‘no’ proposition. Trades place wagers as to whether that will or will not happen. If a customer believes the price of a commodity or currency will be above a certain price at a set time, he buys the binary option. If he believes it will be below that price, he sells the option.

Investopedia described the binary options trading process in the U.S. thusly:

“Binary may be trading at $42.50 (bid) and $44.50 (offer) at 1 p.m. If you buy the binary option right then you will pay $44.50, if you decide to sell right then you’ll sell at $42.50.

Let’s assume you decide to buy at $44.50. If at 1:30 p.m. the price of gold is above $1,250, your option expires and it becomes worth $100. You make a profit of $100 – $44.50 = $55.50 (less fees). This is called being “in the money.”

But if the price of gold is below $1,250 at 1:30 p.m., the option expires at $0. Therefore you lose the $44.50 invested. This called “out of the money.”

The bid and offer fluctuate until the option expires. You can close your position at any time before expiry to lock in a profit or a reduce a loss (compared to letting it expire out of the money).”

Penny Millionaire is Scam?

This post is a compilation of evidences that proves the authenticity of this auto trading software. The primary purpose of this article is to prove that this app is a legit one and that traders will benefit a lot from using it. It also includes the most relevant and latest information at present about PennyMillionaire.

After analyzing their website and testing the software, we must say that their website it’s full of marketing details but it’s a common practice nowadays. Even when we watch the TV we see multiples marketing promotions including testimonials and sublime experiences using some products or services.

Because of this we recommend you to read our Penny Millionaire review from start to finish so one will have all the information that you need including the vital details and the features before you invest because our review it’s focus on the trading platform, how it works and how they provide you each signals because is what really matter, if they can help you to generate money in long term or not.

First Evidence – 82% Average Winning Rate

Unlike other scam software that claims 95% win rate and higher, the Penny Millionaire is real. It can actually provide an 83% winning rate. The reason for this winning rate is because the software analyzes the market  using fundamental, technical and quantitative analysis to evaluate short term investment decisions.  This helps predict prices accurately by producing signals to generate more winning trades. For instance, if you make 10 trades, you will lose only twice and you will win 8 times. Experts on google and Youtube predict that the program will revolutionize the binary options trading market.

Penny Millionaire

As we mentioned in our YouTube Channel, we are different, we are not like the rest, we show our real full expired positions in each broker and we always analyze all the trades according to our graphics so that our followers and subscribers can see the reality of the software that we use to scan some assets and know if the signals of the software are according to an adequate technical analysis and fundamental analysis or not. So you can verify the average winning rate of to know if Penny Millionaire is scam or it is completely legit.

Latest Results: Check Out Here.

Therefore, we encourage you to watch our first Penny Millionaire results:

Second Evidence – Accuracy Technical Analysis

To check if their technical and fundamental analysis of each signal it’s accurate or not. Our expert financial team has checked each signal according to trend indicators, oscillating indicators, volatile indicators, basic and advanced chart patterns, trend lines, support and resistances and also we check how this software read the Japanese candlestick charts and more details that are needed to conclude if Penny Millionaire is scam or not. David Forrster

Third Evidence – Trading Platform

When compared to the best fully automated service, Penny Millionaire can equal the average amount of signals executed per day. According to some users they can generate up to 30 signals per day. Actually, in our case was able to generate an average of 20 signals per day, but traders cannot stay all day in their computer. With this value of trades that the software produces for each trading day, there is no doubt that you will be able to get what you want and close your trading day with good profits. At least they don’t promise that you could trade 70-100 signals each day. That it’s disgraceful! If someone or any system promises you those words, its a clear evidence that the software is scam.

Penny Millionaire Review Conclusion

PennyMillionaire software is a semi-automated system but we highly recommend that you use this platform. One reason for this is that it does not have a complex interface that you need to take a course just to use the system. Secondly, if a signal is to be traded all you need to do is to modify the amount you want to invest and affirm the trade. That is how simple you can use this system and you will be able to learn how to trade.

It is best that you use semi-automated software to understand the principles behind the trading better and to achieve a huge edge on several other traders who prefer to trade on complete autopilot. So, to answer the question can you generate more money with the answer it’s yes and it is a highly profitable system.

How to Sign up? 

A few simple steps to be completed is the only thing you need to do in order to register with PennyMillionaire:


Fill in form with information about your names, e-mail address and a phone number.


Invest only $250 into your account to get a positive trading balance to start with.


Watch our latest results to know how to use this platform properly.

Do not hesitate to read our full review of “How To Register?” if you still have any doubts or you want to check our deposit proofs and how much we deposit in the assigned broker. is not scam and this Penny Millionaire review can prove it to you. Their 24 hours support, the winning rate that is possible and achievable, and the accuracy analysis are all sign that this program is not a scam. Keep in mind that our objective as traders is to generate monthly income along with licensed broker and a reliable service and thus you must get into it and understand how it function and not just putting money into the service and hoping for miracles.

Definitely, David Forrster’s is helpful and legit software. If you find this review helpful to you, feel free to share it with others.


Please help us to warn people about internet frauds by reporting them: Submit Scam.



  1. Dave 7 January, 2017 at 15:32 Reply

    Found out about Penny Millionaire from a review on google and then I saw this great review right here on submitscams with real results and real analysis. I have to say, you did an excellent job, I was convinced and in the last few days I’ve been trading with the software. It’s the best Christmas gift I could get because to scan the market it’s really good and you can generate profits each day. Also I would like to add that I am learning a lot with your analysis of each signal, please, keep working and teaching us in each video. Very informative videos and reviews.

    • Sarah Lawson 8 January, 2017 at 12:36 Reply

      Hi Dave,

      Thanks for your support Dave, hope we could publish today the full analysis of each trade in our blog. Do not hesitate to comment if you have any questions.


  2. George 7 January, 2017 at 19:03 Reply

    Testing PennyMillionaire for over 1 week now I can personally testify that the results of the advertising matches the actual performance, something that many services lack and obviously they just try to scam. I can recommend this to anyone who is looking to learn how to trade binary options and earn an extra money each month.

    And one more thing, I have just watched your last video:

    What a beautiful analysis with the signals that they provided you. Hope you keep uploading this type of videos as Dave said. And no “click-trade-win” as most of youtube channels are doing… That’s it useless & gambling. You got a new subscriber!

    • Sarah Lawson 8 January, 2017 at 12:39 Reply

      Hi George,

      It is a pleasure to know that the service is working as promised in your side. We are glad to know that you are learning with our youtube channel.


  3. Thomas 15 January, 2017 at 12:21 Reply

    Just watched your entire website and you got a new subscriber. No pop-ups, no insane promises and each trading software review based on a realistic chart analysis. Good job.

  4. Ade 11 March, 2017 at 11:20 Reply

    I have never traded forex. With this review, it looks it’s something doable by a novice like me. If yes, what do i have to do and what’s the least amount i would require to get the software and start trading?

    • Sarah Lawson 11 March, 2017 at 16:29 Reply

      Hi Ade,

      The minimum deposit is 250 USD. However first of all we encourage you to check our results in our blog or YouTube Channel to know more about how this software works.


  5. EVAIWE ONORIODE ENOCH 17 March, 2017 at 12:01 Reply

    Hello @Sarah Lawson, I am from Nigeria and i am interested in having the software too, but it is saying i dont have a broker in my Country. How can you help me because i really need it. My name is Evaiwe Onoriode.

    • Sarah Lawson 20 March, 2017 at 15:08 Reply

      Hi Evaiwe Onoriode,

      I would love to help you but unfortunately there is a restriction with some countries due to privacy policies of the software.


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