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7 Binary Options
If you have signed up with a binary options trading platform in the past, chances are you are already on the mailing list for other offers. Some days it may seem as though you are getting spammed left and right with invites to “exclusive, limited time only” binary options trading software. Sadly, the majority of these turn out to be scams. But how does one tell the difference between a scam and genuine trading software?
There are a few warning signs that you will notice once you start to catch on. Luckily, we have made it our mission to provide our readers with insights into which trading systems are a scam and which ones are legitimate trading venues.
Currency Code Counter is a fairly new automated trading system that claims to be among the best and the brightest when it comes to trading binary options. Is this system in the clear or is it just a typical scam? Read our Currency Code Counter Review for more information.
Software: 100% Automated
Max Returns: Up to 86%
Minimum Deposit: $250
Countries: All nations
– At first glance, website seems user-friendly
– Currency Code Counter is fully automated
– Customer service department does not exist
– Website lacks pertinent information
– Brokers are not regulated
– Far too many complaints of traders losing their initial investment
Not Reliable Service
What is Currency Code Counter?
Currency Code Counter is an automated trading software application system that claims to have unraveled the secret code to the binary options trade market. The creator claims to be an extremely successful day trader who has created his own trading software from a series of complicated algorithms that determine exactly how a trade will play out.
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We don’t even get a glimpse at the creator. He presents himself as a mystery man and calls himself “Mr X” as he claims that he must keep his identity a secret so that the government can’t catch on to the Currency Code Counter lest they shut it down. First of all, this is all totally fabricated b/c if it were so secret, he would not be advertising it online where virtually anyone can see it.
Secondly, there is no way he could keep his identity a secret, especially since the website has a registered IP address so right away we knew something was fishy about the Currency Code Counter. And his claim about the system only being available for a few days is a fallacy as well, as it has been several months now and the video is still making the rounds, trying to find new victims to sign up for their phony trading software.
How does it work?
The signup process for Currency Code Counter is similar to that of other binary options trading systems. Simply sign up with one of the brokers that is recommended by the site, deposit at least $250 to fund your account, set your trading parameters and then let the system do the work for you. Sounds easy enough!
And it is simple when you are registered with a legitimate trading system. There is nothing about this system that gives good vibes. None of their brokers are regulated, their CEO is nothing but a fake and the lack of information about the company or how the system operates leaves us filled with doubts about this trading system.
Is Currency Code counter a scam?
While we cannot say with 100% certainty that Currency Code Counter is a total scam, we have enough reasons to highly doubt the authenticity of this trading software. The video is over the top, the website is missing pertinent information and the system nor are the brokers licensed or regulated by a governing body. We advise that if you are want to earn a profit, rather than lose your entire investment on a fake system, that you look for a more reliable system with a solid reputation.
We cannot give Currency Code Counter our seal of approval as there are just too many red flags that make us suspect that this software is just not trustworthy. You would do better to sign up with a tried and true trading system. There have been nothing but constant complaints and countless negative reviews regarding Mr X and his questionable Currency Code Counter software.
Fighting online scams since 2020
Scam alert: The Currency Code Counter by Mr. X on binary options
This review is about a simple binary options scam called the “Currency Code Counter”. It is presented by Andrew that calls himself Mr. X.
Table of Contents
Mr. X tells you a story about him being a long term Forex trader that is making a lot of money. He says that over the years he learned all the patterns and knows when a currency is going to rise and when it is going to fall at any given time of the day, because he is the currency code counter like a card counter playing blackjack.
Now he is willing to give you access to his trading system on binary options so that you can profit too. He says that governments are after offshore binary options brokers because too many people are getting too rich too fast.
Currency Code counter is in fact just an ordinary scam. Let’s look at some facts.
- Governments are after offshore binary options brokers, yes, this true, but only because these brokers are not regulated, they are not under control and too many of them are just scammers that take all the deposits and disappear. On the other hand you have regulated brokers in the EU and in the USA (Nadex) that are working perfectly fine and have no problems.
- Counting currencies codes, saying that the same cycles repeat over and over again is a big nonsense. Just open some charts and you will see. Some technical patterns repeat, but not always at the same time and you cannot know when they will reappear, thus you cannot know in advance when a currency is going to rise or fall. What Mr. X is saying is a fairy tale.
- X says that he will give you his money to start trading. Big lie. You will have to deposit your own money and the broker will give you a deposit bonus that you won’t be able to withdraw until you meet the turnover condition. So you will be risking and losing your own money.
- Binary options could be dead very soon – another nonsense, binary options will be there for a long time, just like Forex for example.
Mr. X made his Currency Code Counter system just to make you deposit money with his broker, because this will earn him affiliate commissions. If you then trade with the Currency Code Counter, you will lose your deposit.
Binary options are not dead and won’t be any time soon. Binary options are an investment tool that can make you money, if you learn how to trade profitably. Anybody promising you free money with an automated system on binary options is just abusing a respectable financial instrument.
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