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Every day new trading software is being introduced being introduced to the binary options trading community with claims of making trading easier and more profitable. While having choices are in general a good thing, having too many choices can actually be confusing and detrimental to the traders’ financial well being. With all these trading robots claiming to be able to do the same thing, it is extremely difficult for any beginner traders to know which trading system is real and which is fake.
This is why it is important for traders to be able to read reviews of on these software so they would be able to avoid getting scammed by fraudulent individuals. In this review, we are going to take a look at new binary options trading system called the Alderley Code. Claiming to be able to help traders make $2000 profit daily, is the Alderley Code a legitimate trading solution or a fake one? Check out our review below to find out.
Software: 100% Automated
Max Returns: Up to 86%
Minimum Deposit: $250
Countries: All nations
– Complete Automation
– Trading Support Materials Provided
– Dealing with unregulated brokers
– Inadequate technical info about the trading software
– Highly suspicious offer to insure all trading profits
Not Reliable Service
What is the Alderley Code?
Developed by an individual by the name Grant Alderley, the Alderley Code is an automated trading system which is said to help make the entire trading process simpler and more streamlined for its users. Under development for more than a year, this system uses a proven algorithm based on a decade of trading data to trade the financial markets on behalf of traders with very little human intervention required.
Not surprising, the development team for the Alderley Wealth Company claim a very high success rate with the trading system. The catch however is the minimum initial investment of $250 required to access this “wonderful” trading system. And to help inspire confidence among potential traders, Grant Alderley claims that the profits generated by the Alderley trading system are insured. To us, this claim is highly suspicious as no legitimate financial broker would dare do such as a thing as this would put them in a state where they face the same trading risks as traders but earn none of the profits. In other words, it is most likely a bogus offer made on the part of Grant Alderley to entice traders to sign up for his trading system.
How does it work?
As we have said earlier, the Alderley Code uses a trading algorithm that is derived from studying 10 years of trading data gathered from the financial markets. It works by predicting how prices in the market will move and based on this analysis generates the trading signal on what asset to trade. The software does this automatically and hence no human intervention is required which in turn totally eliminates human error from the trading equation.
To access the Alderley code, you need to register on the official site and then create a trading account to place your initial investment. Then, you need to connect to their list of recommended brokers in order to trade. Once connected, no human intervention is required as the trading software takes over the trading process from this point onwards.
While all this may sound impressive, Grant Alderley fails to mention what kind of trading data was used in developing the algorithm. This raises serious doubts about the authenticity of the Alderley Code.
From our in-depth investigation, we are highly suspicious about all the claims made by Grant Alderley about his trading system. First, no technical background about the software was ever provided by Grant Alderley. Instead, we keep hearing about what the trading system can do for its users. Worse of all, Grant Alderley does not provide any collaborative evidence to back up his claims. Instead, you are to rely solely on the word of a person that you don’t know and never met before. Ask yourself this question, would you give your money to any stranger that you met on the street? If your answer is NO, then why should you give Grant Alderley your money based on heresay? After all, he is by all definition like any stranger that you meet on the street. As such, we conclude that the Alderley Code is most likely a scam.
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The Alderley Code Scam – An Insider’s Review!
If you are considering to sign up for The Alderley Code, you should stop right here. We’ve received multiple complaints about the software that prompted us into an in-depth investigation, and we have ascertained that The Alderley Code is a scam! Read our full The Alderley Code review for all the details.
Name: The Alderley Code
Owner: Grant Alderley
Price: $250 min. deposit
Legitimate? NO, IT’S A SCAM
( full list of all reviewed scams)
The Alderley Code Review
Is there really a guaranteed and fully insured investment?
Grant Alderley, the alleged owner of The Alderley Code, claims that his trading software is the world’s first and only automated, guaranteed and fully insured profit software.
Before you get all excited and sign up for the scam, let’s consider a few things rationally.
- What kind of investment is Grant talking about?
- Which insurance company is insuring all your profits?
- If all your profits are insured, how do the brokers make money?
Throughout the sales video, Grant deliberately avoid talking about the kind of investment you are about to make.
Instead, he focuses on generating hypes and about making thousands of dollars from an automated software. This is a hallmark of online scam, or any scam in that matter. They beat around the bush and never reveal the details.
The truth is, The Alderley Code is an automated binary trading software. If you haven’t heard of binary options before, we’ll explain how it works in just a minute.
Secondly, Grant said that all your profits will be insured by a third party insurance company for up to 5 million dollars. However, he did not provide the name of the insurance company, nor any form of documentation to support his proof.
Again, this is just a false promise, along with his promise of guaranteed profits. We’ve extracted an excerpt from The Alderley Code disclaimer document, and we’ll show you the ugly truth of the scam towards the end of this review.
How Binary Options Work?
For those who need some background on how binary options work, this segment is for you. If you have experience trading binary options, you can proceed to the next segment.
Binary options has only been introduced since a few years back, but it is gaining popularity quickly due to its simplicity compared to other trading instruments, such as stocks and Forex trading.
Even though it’s categorized as a form of trading, it’s actually more akin to gambling.
Binary options traders rely on their trading hunch, very much like gamblers relying on luck. They trade by guessing if the price of an asset will rise or fall after a short period of time, usually between 30 seconds to minutes.
Let’s say I predict that the price of GOLD will rise 1 minute later, and I bet $50 on an options contract. If I’m correct, I win a certain percentage of what I bet, usually between 60% to 80% ($30 to $40). But if I’m wrong, I lose the entire $50 that I bet.
As you can see, the whole process is very similar to gambling. Market movement is random in such a short timeframe, there’s no way to guess it right consistently. It’s just like flipping a coin – can you guess the outcome correctly every single time?
Even if you manage a 50% win rate, you’ll still lose money due to the uneven winning vs losing payout. You are essentially risking $50 for a chance to win $40, in a game of coin toss.
Even Forbes, the financial authority warns us against gambling with binary options .
How Does The Alderley Code Work?
The Alderley Code is a piece of binary trading software, which means it will trade binary options on your behalf. Even though Grant claims that his algorithm is guaranteed to make you profits, don’t fall for this trap.
No matter how sophisticated an algorithm is, there’s no way to predict the market movement in such a short time-frame, because it is random.
If making money with binary options is really so easy, why don’t we see any binary options traders among the richest people in the world?
Think rationally. Binary options broker doesn’t charge trading commission like stocks brokers, instead they make money from you through the difference in payout.
When you lose money, they keep the profits. If you keep winning, they are at the losing end. It’s just that simple.
According to Grant Alderley, since your profits are insured, it translates to a guaranteed loss for his brokers. Which broker in the right mind would accept this proposal?
Apparently, Grant was just feeding you lies so you’ll sign up for his scam. There’s money to be made from the internet, but not through shady programs like The Alderley Code.
You need to have a valid internet business model to generate income online.
What Grant Alderley Doesn’t Want You to Know
The truth hidden within the disclaimer
(click to enlarge)
As much as the scammers behind The Alderley Code software wants you to believe it is real, they are bound by legal jurisdiction, after all.
They have to declare somewhere in the website about the true nature of the scam, or they’ll face legal actions. They chose to hide it within the disclaimer document.
You won’t see the document anywhere in the sales material, because it is supposed to be hidden from you. The only place you can access it is through a fine print at the bottom of the sales page that reads “disclaimer”, which almost no one will notice.
You can verify the authenticity of our claim through their own original document: alderleycode.com/disclaimer .
We’ve underlined the critical terms in the screenshot above, but allow us to write them down and interpret them here:
- Clearly understand this: Information contained in this product are not an invitation to trade any specific investments.
- Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose.
- THE TRADES HAVE NOT BEEN EXECUTED.
Just from these 3 terms alone, we can understand the true nature behind The Alderley Code scam:
- Despite coercing you to sign up for the “free” money-making software, The Alderley Code denies inviting you to trade binary options.
Note: Scams that promise unrealistic returns like The Alderley Code are illegal in many jurisdiction. If they do not include this clause, they are deemed to illegally coerce you into signing up for the scam.
- The Alderley Code admits that trading binary options is extremely risky, and it’s your own responsibility if you decide to sign up and lose all your investments.
- NO REAL TRADES HAVE BEEN EXECUTED using The Alderley Code software. All profits quoted in the sales material are fake.
What about the profits Grant Alderley showed you in the sales materials? Of course, they are all fake profits used to entice you into signing up for the scam.
He didn’t even bother to tell you the risks of losing your investments in his sales pitch, and the fact that no real trades have been executed using his software, so how can you trust him with your money?
Is The Alderley Code a Scam?
YES, THE ALDERLEY CODE IS A SCAM. We strongly advise you to stay away from the scam if you don’t want to lose your hard-earned money.
You’ll be better off spending that $250 deposit for a nice dinner with your family than wasting it on a scam like this.
If you want to make money online, there are much better alternatives than trying your luck with binary options:
Read Our Review of the Most Recommended Internet Business Opportunity Here.
Have you encountered any online scams before? Personally I’ve fallen for a few before coming across the legitimate one, so let us know in the comments below if you have any personal experience to share!
The Alderley Code Review
The Alderley Code Review: Binary option trading is among the foremost ways of making money online. Its popularity is ever increasing because all major market players robots and brokers, always promise financial freedom for traders. This freedom happens to be a vital desire of all human beings. This has given rise to a proliferation of trading systems offering the freedom within unrealistic short periods of time.
Several new trading robots, automated trading systems or signal software get launched into the market on a daily basis. Every single one of such market entrants promises to make trading more lucrative and much easier than all predecessors. The Alderley Code is one of such systems introduced into the market sometime ago. The software which promises traders over $2,000 in daily earnings is also making the same promise.
Even though having several options to choose from is generally a good development, when they become too many, it becomes confusing, rowdy and unfavorable for traders. That is why this article will review the Alderley Code system so you can make an informed decision about it.
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Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.
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Alderley Code System Review
Alderley Code is an addition to automated system software options for trading binary options available to traders. Developed and presented by one Mr. Alderley Grant, it is claimed to greatly streamline and make the trading process simpler and much easier for users. According to the developer, the system which took over 10years to be developed, functions in a unique way. It automatically trades the financial markets for users using a verified algorithm that is based on the trading data collected from more than 10years of profitable trading.
The software is said to be created by a team of experts at the Alderley Wealth Company. The company is alleged to be owned by Mr. Grant who also serves as its CEO. With a minimum deposit of $250 being mandatory before a trader can access the software, its purported success and winning rate seems to be unusually high.
The trading system is said to be available to traders in just 8 countries of the world. Its slow-loading website is mainly dominated by the system’s presentation and promotional video. The video in turn is mainly dominated by our ‘Mr. Grant. There are many tall promises made on the website and in the presentation video.
Alderley Code Features
The promises and claims made both on the website and in the promotional video are the features meant to sell the trading system extensively. They are the bait meant to lure traders onto the sign up hook. These features were studied closely and marked out one after the other.
- The website claims that the system is only available to traders in just 8 countries of the world. This is meant to show that it is exclusive to just traders residing within the included nations.
- The system’s website displays a counter that indicates the number of minutes left before you will be closed out from registering. It is meant to tell you that if you do not join the app. before the end of the countdown, then you lose the chance.
- Mr. Grant claims in the promotional video he presented that only 15 people will be accepted to join the system daily for 7 days. This is intended to show you that after that number and period of time, then you can no longer become a member.
- A promise of a matching bonus of $1,000 was made in the video. The bonus was said to be yours once you sign up to the system and invest at least $1,000. Bonus offers have always existed in binary options trading. But $1,000 seems a bit high to be real.
- Our ‘CEO’ claims in the video that the software trades on your behalf for the 24 hours of every day without you providing any input whatsoever from your end. This means that the system auto trades for you for all the 7 days of the week.
- The video just like the lower part of the website displays some trading account results that it claims to be verified. This is meant to provide some legitimacy and proof that traders have actually used the system and they have made profits.
- At the beginning of the video, Mr. Grant claims that you can earn as much as $1,500 within just 3 hours of signing up and joining the system. And he claims that you can earn over $2,000 by the end of the day.
- The developer also claims in the video that the system has the fastest process of withdrawing earnings yet in the whole industry. He guarantees that you can have your earnings in your bank account within 24 hours of requesting a withdrawal.
- The ‘CEO’ put the total of assets the wealth company manages for its clients and itself at over 2 billion dollars. Although the figure seemed bogus, he goes further to even say that is a rough estimate.
- The video claims that you are plainly just a few minutes away from beginning to reap daily profits of as much money as $2,000 when you sign up. This is assured to be on a daily basis just like ‘clockwork’, that is the word used in the video.
Proving the Features True or False
Seeing that all the made promises and claims seemed so mighty and unreal, a thorough research was undertaken to further understand the high-promising software. The following facts were then uncovered by the research that went very deep in search of the truth.
1. Global Exclusiveness
The claim that the software is only available to traders from just 8 countries of the world is false. It is just a ploy to create a feeling of being exclusive. This research discovered that much. Browsing IP was changed more than 12 times and on each occasion, the software was said to be ‘luckily’ available for traders from that part of the world. In fact, a friend was called from a third world nation to try the software and the response was the same.
2. The Perpetual Countdown
3. Just 15 People for 7 Days Indeed!
The claim that just 105 people were wanted for 7 days by the presenter is false. This research found out that whenever you logged onto the system’s website, you were always counted among the daily ‘lucky 15’. This is just a scheme for pushing traders into signing up.
4. The $1,000 Windfall
The $1,000 promised by the video when you signed up and funded your initial deposit with $1,000 is unreal. In short, it is very dangerous if you believe this promise. Every experienced trader knows what taking any bonus from a scam broker means. Even if the bonus is paid into your account, they always find a way to place restrictions on you. You will surely be unable to withdraw such funds from your account until you have attained a set trading volume. By then, you will have lost all the funds in your account the bonus included. It is just a ploy to take away as much as $1,000 from you.
5. 24/7 Auto Trades on Your Behalf without Considering Weekends
This research discovered that the claimed 24/7 auto trading on your behalf by the software is impossible. Without even going as far as considering the ‘science’ and ‘art’ nature of binary options trading, the developer(s) have forgotten that the market only operates for 5 days in a week. Financial markets all over the world only operate from Mondays to Fridays. These are the types of small factual oversights that give most scams away to experienced traders.
6. Fake Trading History, User Testimonials and Feedback!
The website as well as the promotional video both present some feedback, testimonials and account history purported to be from users that have used the software. This research studied the images that were posted very closely. Without any doubt, they are not real at all. They have just been sourced and bought cheaply from the internet. There is no means of verifying the authenticity of any of the feedback claims. You will notice that not even the names of ‘supposed users’ who gave testimonies in the video was provided. On the website, there are no links to the social media accounts of any of the users.
Alderley Code Promotion and Testimonials
7. Outrageous and Unrealistic Earnings
The claim that you can make up to $1,500 in profits within just 3 hours of signing up to the software is a big giveaway. It is a red flag even to the most inexperienced trader. Remember that the ‘CEO’ says you need just to sign up with the minimum $250 initial deposit to achieve this feat. It is a fact that binary options trading will never give such huge profits for such a small investment and within such a tiny period of time.
8. Lightening Speed Withdrawals
The claim in the video that you can withdraw your earnings within 24 hours is a big lie. No matter how lightening fast the system’s withdrawal system is claimed to be, certain things should be considered.
- Broker: You should not forget that you are not withdrawing directly from the system. You are withdrawing from the broker the system connected you with. It takes at least the promised one day for your initiated withdrawal to be confirmed and authorized by your broker.
- Processing: What about the time it takes for approval, launching the withdrawal to your bank and the money actually landing in your account? This 24 hour withdrawal promise is just not possible.
9. Outrageous Asset Base
How could the system have amassed as much as $2 billion plus in assets when the company’s website, was actually registered in May of 2020? With this discovery, this research believes that the system is relatively new in the market to have been used for several months by contented members as claimed by the video. This is just a tactic meant to convince traders that the system has been in use for long with verified trading results.
10. Clockwork-Like Daily $2,000 Insured Profit Earnings
This amount can never be earned in profits for even just one day, talk less of earning it on a continuous basis. And as for the claim that the system’s generated profits are well insured, this is just a ploy to inspire conviction among potential users. Scam brokers will never do that because they know they will then be carrying the same risk as the trader while not expecting any returns.
This thorough research trusts and believes neither Alderley Grant nor any of his promises. He appears to be a character that was just made up and acted out. This research could not verify his identity by all means. He has never been heard of in the financial world and a search through all social media channels did not turn up any results about him. He seems not to exist at all.
Additionally, the supposed creator of the software did not at any point offer any information concerning the software’s technical background. All he keeps emphasizing is the huge fortunes the system can accrue as profits for traders. Unlike legitimate binary options trading systems like Option Robot, he does not back up and verify all his claims and promises of such fortunes with any concerted evidence.
Option Robot is a legitimate binary options auto trading software that is preferred by majority of experienced traders. It is a system that backs up every one of it benefits claims with substantial evidence.
With a website that is functional, easy to navigate and user friendly, the system has been verified to earn substantial profits for users. What’s more, your investment risk is quite regulated and reduced when you use the system. This is as a result of the SSL connection it uses to ensure that all your interactions, financial or otherwise, with the website are safe, encrypted and secured.
Option Robot is a system that will surely advance you in both financial standing and binary options trading experience when you use it.
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