Money Mentors Club Review
Name: Mentor Money Club
Website: mmclub.co
Price: Free, but they have a $250 minimum deposit
Owner: Peter Haines and Jamie Perkins
What Is Money Mentors Club?
Money Mentors Club (also known as Mentor Money Club or MM Club) is yet another program that has a sales video that shows you how successful the owner is, and makes huge promises. It is a binary options program that uses the Money Mentors Club app to access all the software. With binary options you essentially gamble your money by placing bids and/or buying and selling different products.
They claim they have a win rate of 88% and that it has made many people millionaires. They also claim that anyone can use the software and become rich as well, but all they are doing is luring you in. If it was as big as they say it is then it would have made BIG news, but it hasn’t.
This company is not legally registered, and the people in the video (Jamie and Peter) are paid actors. They did not develop the Money Mentors Club software, and Jamie Perkins has also represented other binary options scams.
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Pros and Cons of Money Mentors Club
Pros
- It’s free to join
Cons
- The people in the video are actors
- They are not legally licensed
- They have fake testimonials
- You cannot start making money until you make a deposit
How Does Money Mentors Club Work?
This is a system that these scam artists (Jamie and Peter) are getting paid to promote. When they bring in new deposits to the brokers from people like you, they earn a commission. The people that are making money with the Money Mentors Club are the brokers and the person sending business their way, not the people that make the deposits (you).
When I registered for Money Mentors Club, I filled out the information and then it took me to the Omega Options website (which is another sketchy binary options system, see review ). You have to make your deposit through Omega Options and use that as your broker. Every time a system redirects you to another system, it is never a good sign. Basically, they are using different names for the same system! All they want is you to make a deposit so they can make more money, they are not going to help you and they do not care if you make money or not.
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How Much Does Money Mentors Club Cost?
It is free to join the Money Mentors Club, but you have to make a minimum deposit of $250 in order to use their software. You have to make a deposit with their broker (Omega Options), you cannot use your own.
The testimonials that say they have made thousands of dollars are all actors, and you can find their stock pictures online. You can also find their services for sale, so they are paid to give good testimonials. I have found many complaints about Money Mentors Club, and how they just drain peoples accounts.
Money Mentors Club Support
There is no guarantee that you will actually make money with this system. There is also no money back guarantee, so if you make a deposit and want your money back right away you will most likely not get it back unless you make some profit. You better be willing to lose whatever money you deposit. If you look at the picture on the right, it even says their services are not legal under the law.
You are able to submit support tickets to ask questions, but they do not get back to you right away and are not very helpful in my opinion. There is no live chat, and they do not teach you anything! The system can run automatically, and that is what they suggest you do. If you make it run automatically you will just lose all of your money faster, and then have to deposit more. Again, making them more money.
Final Thought
The Money Mentors Club is a scam! They just want you to make deposits so the company and the people who promote it can make more money. They do not care about you. If you are really wanting to get into binary options trading then you need to do A LOT of research and learn everything about that world. It is just like gambling, but if you do enough research you might make some good gambles. However, make no mistake, you will eventually lose some money. Some people are good at it, and some aren’t.
I would rather not gamble my hard earned money. That is why I use Wealthy Affiliate for my online business. It is the only place I have seen success, because their community is amazing! You can join for free and check it out, there is nothing to lose. I can personally help you as well!
Verdict
If you have any questions or have had experience with the Money Mentors Club, please leave a comment below!
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Karissa