#codefibo binary options software

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CodeFibo is Fibbing about Their Auto Trading Software

CodeFibo is Fibbing about Their Auto Trading Software

Trading in stocks isn’t exactly a simple enterprise. It’s extremely complicated if you want your chances of making money to be more than just a mere gamble. But even the entire process of buying and selling stock in order to make money is quite convoluted.

That’s where binary options come in. It’s supposed to a simpler way of placing bets on stocks. You just need to be right whether a stock price will go up or down, and you make money. But when you delve deeper into the subject, you will find many complicated strategies employed and recommended by experts.

And that’s where CodeFibo comes in. This is supposed to be a very simple program you can use to make money in binary options. Unfortunately, it doesn’t come in to save the day and help you make lots of money. On the contrary, it’s a scam. There’s no other way of putting it.

What Is CodeFibo?

CodeFibo is a program designed to help you trade more effectively on binary options. Its supposed benefits are quite attractive:

You can set it up in just a few minutes.

Every day you get winning trades.

The program monitors various signals and then automatically does the trading for you.

As the investor, you don’t really need any previous experience in trading.

You can check on your progress on your PC or smartphone.

The CodeFibo website has an illuminating video about how all this works. On the video, you have Professor Matthew Lewis, the brains behind the software. He then brings in a mother of two, who plays the typical newbie who doesn’t know anything about binary options.

Now she comes in, and the prof simply sets up the computer and program. All the investor does is to watch the screen. She starts with $250 her account, and then she’s amazed when it grows close to $300 in a few minutes, and then close to $400 in a few minutes more.

She didn’t even have to do anything at all. In other words, when she signed up, it’s like winning money for nothing.

Of course, there are setting you can set for yourself if you don’t like the default settings. You can set the trading volume, which is like the bet you place for each trade. Then you can set the “strength above”, which refers to the strength of the signals the program uses to make trades.

Finally, there’s the “risk. This sets the number of trades you automatically make in a day. This is a security measure so you don’t risk more than you’re comfortable with.

Who is Professor Matthew Lewis?

According to the website, the professor has “dedicated most of his academic career to helping lower class income students from around the world reach their financial goals.” That’s very laudable.

In fact, the professor seems very knowledgeable on many economic issues. The site features links to various articles about the professor.

His predictions on market behavior for 2016

How he has led small business owners out of debt

How the US elections impact the world economy

His predictions on China’s auto industry

The mistakes traders make, as determined by the professor

His EU forecasts after Brexit

But it seems he spent the last 5 years doing market research on a trading strategy that applies across all markets. None worked consistently, until he realized that “crowd sentiment” is the common denominator of these markets. So he used Fibonacci numbers and the golden ratio to come up with a way of predicting the market.

And according to the site, it worked. And now the entire process is automated, so you don’t really have to do anything for it to work for you. All you need to do is sign up, deposit the minimum amount of money for your account, and then just watch as your money grows day by day. The website even promises profits of up to $7,000 a week.

What is the Truth?

Wouldn’t it be nice if everything the site says is all true? There are even lots of testimonials on the site attesting that indeed everything is true. These people claim to make thousands of dollars weekly, and some even say daily. Then the site also posts the CodeFibo Trader results, with earners making $9,347 to $$12,658 in profits.

Alas, it’s just a pipe dream.

This software isn’t really a new one after all. It’s a rehashed program that has been marketed in various different names, such as Binary Trust Method. You may also find it named CrunchTech or Binabot.

This professor may also seem familiar to you if you watch lots of binary options videos on YouTube. Here’s the same guy pushing the Virtual Income binary options. Watch it on YouTube and you can confirm it. The truth is that this guy is just an actor.

Click on any of the links on the side, pertaining to the articles about the various views and opinions by the esteemed Prof. You don’t get the full articles. Instead, you get a popup that asks you enter your name and email address. You’re promised free access to the software, and you can make $136 in the first hour.

And that’s it. There isn’t any concrete fact about the program on the website. There’s no demo or anything. All you get is the video with the professor, who talks at length about the golden ratio and the Fibonacci numbers. He also talks about how his $5,000 investment became $950,000 in less than 5 months. That’s because his success rate jumped to 97%.

Then there are also the testimonials on the video. There’s Alvin (no last name), who made $47,511 in just 30 days. Now you’d think that such a success would be reported and it would have gone viral—if it was true.

Conclusion

None of it’s real. You sign up, and then you’re encouraged to sign on to a broker. This website makes money by getting paid for referrals. And you’re on your own. It’s basically a scam, and nothing more.

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