Penny Millionaire Scam Review

Unlike the majority of all binary option trading software and systems that emerge within the confines on the binary options industry, the Penny Millionaire App, created by Danny Forrester, is a legitimate and proven trading software that actually delivers profits, all the investor has to do is win one investment per day due to the unique compounding nature of the Penny Millionaire Trading Software.

Now, typically whenever a new binary options trading software emerges into the immediate online marketplace, I take their promises and claims with a grain of salt. Of course, this is only natural after spending over 5 years in this industry and being scammed over two dozen times. But every once in awhile, when a semi-automated trading software, such as the Penny Millionaire, becomes available to the general public, I do decide to test it out and once in a blue moon I am quite satisfied with the resulting outcomes generated.

I’ll be honest though, when I first came across, I thought this was just another binary options trading scam meant to deceive innocent and novice binary option investors out of their hard-earned money. A couple of characteristics and aspects that did catch my eye in regards to the Penny Millionaire however would be that it doesn’t claim to generate you a “X” amount of dollars per day nor week and they rely on compounding interest which only requires an investor to win one investment per day opposed to 7 to 15 investments like most trading software that end up being scams tend to showcase. Not to mention, the Penny Millionaire software is the first binary options trading software that relies on the principle on compounding interest, no other binary options trading software, system or service has ever implemented this simplistic concept which is perhaps the reason why it is so effective. Not to mention, investors have complete control over their trading accounts which is of utmost importance since most trading systems that emerge within this industry are automated and lack the control option for investors who wish the software to stop having losing investments placed on their behalf.

Penny Millionaire
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How does Penny Millionaire software function?

Perhaps one of at the most intriguing aspects about the Penny Millionaire would be how the semi-automated trading software functions and delivers high probability investment signals to binary option day-traders.  Unlike the majority of most binary option trading software, systems and services that rely on monthly market analysis reports to generate rough, predetermined market investment signals or use outdated technical analysis indicators, the Penny Millionaire system relies on the implementation of a complex algorithm that analyzes, interprets and deciphers price fluctuations and generate high probability reversal signals that work quite similar to the manual implementation of Price Action Trading Strategy. So essentially, the Penny Millionaire implements a specialized algorithm that focuses on the complexities of Price Action Trading Strategy along with applying correlation analysis to allow investors to maximize their investments and make more informed investments. Having the ability to plot strong reversal patterns in correlation with assets and apply fundamental news analysis to generate high probability signals is what gives the Penny Millionaire the edge and allows investors to get their 2 to 4 in-the-money investments on a day-to-day basis.

How does Penny Millionaire compound interest?

One of the best advantages about the Penny Millionaire trading software would be that users who are able to partake in using the system are benefiting greatly from the compounding interest that is generated from the earnings of the Penny Millionaire trading software. Most often investors could only come across compound interest in certain high profiled stock investments, saving accounts, certificates of deposit (CFDs) or reinvested dividend stocks leaving that wonderful window of opportunity very slim for those not well-rehearsed and knowledgeable of the investment industry. However, due to the unique development of this trading system the Penny Millionaire is the first digital option available software for online investing that incorporates the compound interest structure and offers it at a 6% quarterly rate which is higher than what most other financial institutions are willing to offer you at an annual rate.  This high rate of 6% can be derived from the fact that the binary options industry is one of the most liquidated industries and offers investment returns far more rewarding than any other investment industry for day-traders.

Penny Millionaire Success Rates

Most binary option auto traders will boast success rates ranging between 80 to 93% which are not only unrealistic but also in all honesty never met. In reality, most of the success rate reported by members who have tested out many of the newer trading systems available in the binary options market place report success rates ranging between 44 to 59% which is a far cry from a cumulative success rate of 65% which is considered to be the bottom-line in regards to tolerability. When it comes to the Penny Millionaire system though you can expect actual success rates ranging between 70 to 83% on a weekly cumulative basis (I will be providing detailed screenshots and a video display of my investing sessions with the Penny Millionaire so you all can see for yourself as well). With the Penny Millionaire being a semi-automated trading system the opportunity to improve your investment portfolio and success as an investor is greatly improved due to increased user-control which is not only imperative but oftentimes overlooked!

Another great advantage about the Penny Millionaire being a semi-automated trading software would be that it allows investors to develop strategies to better improve and utilize the software trading features in order to optimize their investment experience.  One of the characteristics I dislike most about auto-traders would be how investors who are utilizing the software have no control what-so-ever over their investments, meaning that the software could invest during the worst possible market hours and generate the most horrific trading results and you wouldn’t be able to do anything to stop it. This is where the Penny Millionaire takes a primitive role in your investment arsenal because you can use the software during non-volatile market hours and you can make more sound investment decisions based upon incorporating technical, fundamental, and sentimental analysis prior to placing your investment to make sure that the investment has the highest probability of success.

Penny Millionaire Trading Features

As mentioned above a few different times, the Penny Millionaire is a semi-automated trading software that relies of the usage of a complex algorithm. Unlike the majority of other inferior trading software that emerge within this industry, the Penny Millionaire gives you the ability to place investments that are generated from their software and receive return rates ranging from 73 to 93%. So for example, if you placed a $100 investment and had a return rate of 80% you would generate a $80 profit along with have a portion of your profits go toward a separate holding account where the compounded interest is applied. (Don’t worry, you can withdraw from your trading account and your held interest account whenever, but it is recommended you allow your profits to compound at least monthly or quarterly before withdrawing, otherwise compound interest would defeat its own purpose). 

Sign up with Penny Millionaire

Penny Millionaire Frequently Asked Questions (FAQs)

Let me know if you have any questions regarding the Penny Millionaire software by leaving a comment below.

How does the Penny Millionaire work and what is the average reported success rate?

The Penny Millionaire is an semi-automated trading system that relies on the implementation of a complex algorithm that focuses on delivering investors with high probability reversal signals that generate success rates reported between 70 to 83% of a cumulative weekly basis.

What demographics does the Penny Millionaire accept?

The Penny Millionaire binary options software accepts online day-traders from any demographic outside of the United States. So if you reside within any country outside the United States, the Penny Millionaire is certainly worth taking a shot.

Is the Penny Millionaire an online trading scam for binary options?

Unlike the majority of other trading systems that emerge within the binary options industry the Penny Millionaire is not a scam. It has been reviewed and approved by over 15 different reputable binary option websites, has success rates reporting over 70% on a weekly basis and you can withdrawal your funds at any time whereas most software and brokers won’t allow that to happen!

How is Penny Millionaire more effective than other competing auto-traders?

The Penny Millionaire is more effective than competing auto-traders due to two main reasons. The first reason being would be that investors have user-control over their investments, they can choose when they want to invest, how they want to invest and avoid major press releases being released that oftentimes result in a volatile and detrimental investment atmosphere. The second reason would be that it incorporates a Price Action Trading Strategy module and taps into a live Reuters feed to provide you with the most raw and accurate investment signals whereas most other competing software and systems lack that innate ability.

How many signals can I expect on an average investment day?

On average you can expect to have anywhere between 3 to 10 investment signals per day but all you need is one or two in-the-money investments per day to go towards yours compounding interest account in order to properly supplement your income by a couple hundred to a few thousand dollars per week (granted on your account balance at the time and how many days you’ve been with the software).

Who is the founder of

Danny Forrester is the founder of the Penny Millionaire trading software for binary options.

I already signed up with Penny Millionaire. How do I login?

Who can I contact for more support and insight about the Penny Millionaire Trading Software?

As always if you need any assistance with the Penny Millionaire trading software, please feel free to leave a comment below and I’ll get back to you within a 24 hour period!

Penny Millionaire Review Conclusion

If you reside outside the United States and are looking for a reliable binary options trading software that delivers success rates of 70% or higher along with allows you to retain full user-control then I would definitely recommend getting started with the Penny Millionaire Trading Software.

Try PennyMillionaire!

The Penny Millionaire is the first binary options trading system to implement compound interest in the framework of the software so if you are looking to compound your earnings at a value of 6% along with generate success rates over 70% to increase your investment portfolio then we highly recommend getting started with Penny Millionaire.

In addition, if for some reason you aren’t satisfied either just know you can withdrawal your funds from your broker and separate interest account at any moment and not be penalized!

Throughout this week I am planning on sharing you with all a couple of the strategies that I’ve been implementing with the Penny Millionaire software that has allowed me to turn my initial $500 investment account to a little over $2,700 within a 6 day investment period. So if you are interested in trying out the Penny Software along with learning how to better utilize this semi-automated trading software then make sure to stick around for more informative and educational articles to come.

Feel free to subscribe to to stay up to date!

To conclude, if you are looking for a legitimate semi-automated trading software that works for binary options, offers you compound interest and delivers proven results then please feel free to get a free account with Penny Millionaire and please share your success stories with us below!

Not confident in your ability to use a semi-automated system profitably? Check out this Penny Millionaire Strategy post to learn how you too can trade like a pro with the PennyMillionaire app!

Another helpful post would be Tim’s Penny Millionaire Tips for Success.

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46 thoughts on “Penny Millionaire Scam Review”

  1. Hi,
    I’m still unsure on how this compound interest works, I hope that you will explain this in your updated report later. It sounds very confusing at the moment. As I understand it so far, you still have to trade say $25 a time then if you win, which has to happen, a percentage is moved over to another account. Is this 1 cent? so the second trade wins what is moved over to the account 2 cents? Just how is the compound interest doubled on future winnings?
    Very confusing!!! Lookin forward to your report

    1. Hey John,

      The Penny Millionaire allows you to choose a percentage when you are in your account from your winning trades to put towards your conpounded interest. When I post my strategy articles later this week I can go over these features in more detail to you my friend! I’ve been pretty fortunate with my success to date where 3 out of 4 investments have landed in-the-money for me today generating a profit of a little over $260 this morning and I typically put 7 to 15% of my daily earnings towards my compounded account so I can accrue my 6% compounded interest! You’ll learn more about it later this week along with more of my results!

      Hope you have a great day and feel free to ask any other questions!

      Tim Lanoue

  2. Hi, i looked at this site can you tell me, it took me to Dynamic Options, are these ok??? and do you have to sign up with £250?? then what happens once you sign up, like how do you get to the Penny Millionaire site??? thanks for your time!

    1. Hey Janet,

      How are you doing today!? I hope you are well and Dynamic Option has been reported and reviewed as a reliable and proven binary options broker. I have many subscribers who are currently using Dynamic Options, the only downside with them is that they don’t accept US investors, which the Penny Millionaire software doesn’t either but if you reside anywhere outside the United States you can utilize this system! Withdrawals are typicslly received within 3 to 4 business days, payouts average between 74 to 92%, and they have a great ttading platform. However, if you want to visit the Penny Millionaire website just click on the Open Account button towards the bottom of the article above!

      Yes, you do need to sign up with a broker though, that is where the semi-automated and compounded interest accounts become available to you. Once you sign up with their recommended broker, you can deposit your $250 and then you are redirected to the software page that enables you to use the software and manage your conpounded interest account. I’ve been using the software for a little bit now, I just received my first withdrawal for $400 within a 3 day business time yesterday morning and my success rate with the software is at a cumulative rate of 78.64% so I am quite satisfied thus far with this software! I’ll make sure to keep you all informed and updated on my results!

      Have a great rest of your day and good luck investing!

      Tim Lanoue

      1. Good evening I also signed up but was redirected to Option stars I did made my $250 deposit but hoodoo go to the semi automated site or how does it work. I’m really confused. With copybuffet your account is directly link with the software but not in this case. I’m I doing something wrong or what. Please assist.

    1. Hey Janet,

      If you are trying to use the Penny Millionaire Software you will need to open a broker account that is synced with the software, otherwise this semi-automated software won’t work with your separate broker. In the future though you could use both the recommended broker for Penny Millionaire and then essentially copy the signals from your Penny Millionaire broker to your OptionBit broker account. However, if you want to access the software, take advantage of the compounded interest then you’ll need to sign up with their EU Regulated brokers. I hope you are having a great day and I hope this answer helps you out! Feel free to ask any other questions that you may have!

      Tim Lanoue

  3. try to register through your site, i was getting this error (SQLSTATE[HY000] [2003] Can’t connect to MySQL server on ‘’ (4), was trying with different email.

  4. I was try to an account with penny millionaire but once I click to register with email this what am receiving can can admin explain what that mean please ( SQLSTATE[HY000] [2003] Can’t connect to MySQL server on ‘’ (4))

  5. Hello Tim,
    Can you please share with me strategies to use in order to be profitable with penny millionaire software. And what is the right time to trade with the PM software for more profitable results?

    1. Hey Mthobisi,

      I hope you are doing well and absolutely I can provide you with more! If we get enough requests I’ll be composing another strategy article for the Penny Millionaire that involves a more practiced Fundamental and Correlational analysis approach along with some Technical Analysis as well. Now in regards to the best time to invest in would recommend during the opening hours of the New York trading session or during less volatile market hours during the London trading session. Try to make sure to avoid market reports that will be released for certain currency pairs as well (as recommended above) even if they aren’t the currency pair you plan to invest because currency pairs are correlated with one another so even if an asset is affected directly that doesn’t mean a different correlating asset won’t be indirectly affected as well.

      A quick example would be if you were planning on mostly investing the Eur/Usd currency pair and see that there are no market reports going to be released but you notice that there is about to be a Usd/Chf press release within the next 10 minutes that has a strength impact relatively high. Even though these are different currency pairs they are closely correlated with one another and when the Usd/Chf currency pair is affected in a negative or positive manner you can assume that the Eur/Usd currency pair will be as well. So long story short, do your best to invest during less volatile market hours and when no press releases are being released as recommended in the article above!

      If we get another 8 to 10 requests for another strategy as well along with provide more of my trading results and trade set up images then I’ll gladly compose another beneficial article for you! I hope this has helped you out some and feel free to leave another comment below my friend! Make sure to follow proper money management techniques and happy investing my friend, can’t wait to hear of your success!

      Tim Lanoue

  6. finally got to registered and i was automaticaly asigned to binaryonline, which i was able to find out that they are not regulated, read few reviews about them which are negative, can you enlighting me what to do at this stage, is there any posiblity to change broker and if so how?

  7. Hi,

    Do Penny Millionaire is available in Malaysia?
    I want to give a try.

    Because i joined Lexington Code and there is no sync between LC and broker after i fund the deposit. No any reply from LC team yet. I am really upset.

    Will you help me to register Penny Millionaire? Is this software trustable and how about their daily ITM success rate?

    Mohan from Malaysia

      1. Hi,

        I thought Lexington Code is reliable too? Reviews from other websites and BO Watchdog also have good reviews about LC… Thank you for the info. Admin any word on this please? Thank you!

        1. We at OBO don’t recommend using auto traders because even if they are legit, the brokers can easily manipulate your results and lose your entire deposit in minutes.

    1. Hey Mohan,

      You should have no issues with getting started with the Penny Millionaire system and to answer some of your other questions as well yes it is available to investors who reside within Malaysia. Secondly, you can register with the Penny Millionaire trading system by clicking on the “Open Account” button provided within the article above and lastly I have not had any bad experiences with this trading software yet that would make it untrustworthy. My worst success day has been 66% which is still profitable but on weekly cumulative success rate basis I average anywhere between 73 to 85% when using this system and the strategy that I composed and shared with you on here as well. I hope you have a great rest of your day and please notify us if you need any further assistance, we are here to help! Lastly, please keep us updated on your success with this system!

      Tim Lanoue

  8. I had a look at the advertising video and to be honest, it sounds in some parts like a big scam. Promising a million out of a penny in 30 days is not really realistic. The biggest problem I have is the advertised “only 100 free available accounts” as this is nonsense (because not everyone can be a millionaire… – sorry, but this sucks really). I think, they will accept every application as long as they get their first $250,-.
    Of course they cannot work with regulated brokers, but there are unregulated on the market who are absolute ok. The question is, why they work with a broker like BinaryOnline, which has a really bad reputation on the market?
    As I respect your experiences and the result of your review I am still interested to test it, but if this is real and not another scam, why do they use these well known little dirty tricks in their advertising?

  9. Hello
    I have signed up with PennyMillionaire and successfully funded a account with PlusOption but when I try to place a trade I get a “Trade not allowed error code 12902” popup. Do you know what this is trying to tell me?
    Kind Regards

  10. Hi Tim,

    First of all thank you. You’re willingness to help is amazing. I have been following your posts and want to give Penny Millionaire a try. I first got OptionFM as a broker, but they’re welcome message states that they are closing down. When I registered with a different e-mail address, I’ve now got Stern as a broker. I have to say, using non regulated brokers and brokers that call you 3 times within minutes of registering makes me a bit uneasy. I’m at the point where I need to change my phone number now because there are so many brokers constantly calling me.

    Is Stern safe enough to use with Penny Millionaire? I used the live chat and the agent said (once I got an agent that spoke English), that the minimum deposit was $300 USD. Here on OBO I noticed it says $250. I couldn’t find where to submit verification documents but the live chat agent sent me the instructions. I just want to be sure.

    Thanks again for your help Tim. I’m hoping I can finally have success with binary options. Is there some way to follow you or contact you outside of these comments?

  11. I’m more than satisfied with the results that I was getting from the Penny Millionaire software!
    I make sure to invest only signals with a confidence factor of 93% or higher, limit myself to 2 to 3 investments per day at 15% total account balance each and have taken my $250.00 account to $967.34 after 6 days! I’m hoping to have generated a profit of over $1.6k by end of week! If you want a system that actually works for binary I would recommend and just follow what I do!

    Cordially yours,

    Liam Nadeau

    1. Hey Liam,

      That is great to hear my friend and thank you for sharing your success with us!
      Can you divulge more of the settings or strategy tips that you were using when using the Penny Millionaire please? I hope you have had a profitable rest of your week and we look forward to hearing back from you!

      Tim Lanoue

  12. Good evening I also signed up but was redirected to Option stars I did made my $250 deposit but hoodoo go to the semi automated site or how does it work. I’m really confused. With copybuffet your account is directly link with the software but not in this case. I’m I doing something wrong or what. Please assist.

    1. Hey Stephan,

      If you already made your deposit like you said with your broker through the Penny Millionaire website you didn’t do anything incorrectly!

      Just make sure to visit: and you should be directed to the right page and just enter your log in details and you’ll be good to go! Make sure to follow the strategy that I have posted and on next Monday as well I am posting a second, more thorough strategy for the Penny Millionaire too so make sure to stick around!

      Have a great rest of your week and let me know if you have any other questions!

      Tim Lanoue

  13. Hello! I signed in penny millionaire and was given binary online as broker. A week after my account approved by my broker I haven’t been able to log in to the software. I contacted my broker on 3 occasions about the problem they offered help but I still can’t log in. I used the log in I saw on this web it did open( was able to log in) but the buttons on the page are not working. Can’t even access the page. When I reload the page it opens and am able to press some functions but not the trade then it buttons stop working. Please can you help me to gain full access in.

  14. Not happy with the performance of PM. After 2 days with 10 trades have only had 4 wins. all trades were 93%-95% confidence. Not good at all.

    1. Hey De,

      Were you investing during any press releases or trending markets?
      Those are two the biggest instances where the performance of the software is severely hindered.
      Lastly, did you implement the strategy that I had published on this website? As long as you apply that strategy correctly along with the one I am having published on Monday there is no reason why you don’t achieve a 70% or higher success rate!

      Please fill us in with more information on your situation and I’ll help you out to the best of my ability!

      Have a great rest of your week and weekend!

      Tim Lanoue

  15. Thanks Tim,
    I have not found a charting solution for Linux (Ubuntu) I can view charts on Forex Factory but they are not as complete as mt4 mt5 charts.
    I guess I was relying on PM to sort that information for me. I need to work out the best time to trade. I am UTC+8 so not sure if I need to line up with NYSE or some other stock exchange.

    1. Hey Dennis,

      How are you doing today?
      The charting solution that I always use and is web-based would be You should have no problem using them with your Linux set-up since they are web-based, I’ve been using it for years and I have never once had an issue so I believe they are worth checking into!

      In regards to investing and your timezone, if you are able to invest during the NYSE that should work perfect for you since you will haver access to low volatility currency pairs, just make sure to avoid any press releases that will be made public which can be done by visiting and taking note. I have had decent success during the Tokyo Trading Session as well which may be a better option for you where you reside but overall I would try to stick with the NYSE hours.

      Please feel free to leave any more comments that you may have and have a great day my friend!

      Tim Lanoue

  16. G’Day Tim,
    I fooled around for an hour this morning and finally got silverlight to work in Firefox and Linux. I can now access FreeStockCharts.
    I just need to work out haw to use it.
    Kind Regards

    1. Hey Dennis,

      That is great to hear mate!
      To get the charting solution to look similar to strategy set ups that I have on both of my other Penny Millionaire strategic articles make sure to run the free version, wait for it to load then you can start customizing it the way you need. Make sure to click on “settings” which is next to the time frame and change your “Plot Style” to Candlestick. Then you can just follow the guide in the other articles and set up your charting solution accordingly! Let me know if you need any assistance and I hope you have a great rest of your day!

      Tim Lanoue

  17. Hello Tim , I also have ocekivalo to be one of those one hundred people, and honestly while I’m stunned by the result of ten transactions for eight winner, penny Millionaire looks like a really good program.

    1. Hey Nshan,

      Glad to hear about your success with the system!

      Just make sure not to overtrade my friend and follow all of advice provided to you throughout the three articles posted for Penny Millionaire and the results will follow!

      Thank you for your feedback and please keep us informed for the future!

      Tim Lanoue

  18. Hey Tim

    Thanks for this post. I’m from Sydney, Australia and I signed up for the pennymillionaire software a couple of days ago while the markets were closed over the weekend and I was immediately taken to the website of a broker called UCapital which is where it said i was to deposit my funds to activate my license to use the PennyMillionaire software.

    The only thing that’s gotten me a bit confused is i got a phone call from an account manager at a broker called PlusOptions and he told me that i’m to deposit and trade through them using the PennyMillionaire Software. I told him that i was directed to deposit my funds at UCapital after registering and he told me in his own words “that UCapital is PROBABLY one of the many brokers that they use with the software.

    Any help or advice from you Tim or anyone seeing my post would be greatly appreciated as i’m just confused on which or how many brokers im supposed to be trading the pennymillionaire software with.

    Thanks a heap


    1. Hey Nick,

      Could you try registering with a different email address by chance? If you are set on UCapital and you re-signed up through the Open An Account button above we can help you further through our tracking. I do find it odd that PlusOptions called you instead of UCapital but I also know that many of our subscribers have gotten started with PlusOptions and haven’t had any issues so I think you’ll be more than good with them my friend! Regardless, keep me informed on your decision and let me know if you have any other questions or need help getting started and I’ll be more than happy to help you out!

      I hope you had a great weekend and a profitable and good rest of your week!

      Tim Lanoue

  19. Hello Tim,

    I live in Macedonia, Europe. When I tried to sign up on the second screen (after the initial sign up), it said that the registration failed because there were no more available brokers for my country for me to register. Does it mean that this Penny Millionaire is not available in my country (Macedonia), or the entire Europe for that matter?

    Best wishes

    Miroslav Konstantinovic

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