Stay Away From The Alderley Code – It Has Scam Written All Over It
Binary options trading has the potential to make a lot of money for investors. However, just like any trading, it is also risky and therefore, it is important to choose the right software trading system to make sure that your money remains safe. Thanks to the increasing popularity of binary options trading, a number of software trading systems have been launched in the market by various companies, numerous of these systems have very tall advertising claims that should immediately raise alarm bells for you.
More often than not, these software trading systems turn out to be a scam, and are just meant to earn the creator of the system money while leaving everyone else with empty trading accounts. One such recently launched software trading system is The Alderley Code scam.
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What Is the Alderley Code?
In simple terms, it may be defined as a completely automated binary options trading software system. The creators of this software system claim that it is capable of generating thousands of dollars of profit each day.
Who Is behind the System?
The man behind this software system identifies himself as Grant Alderley. He identifies himself as the CEO of Alderley Wealth Group that manages over $2 billion in assets for themselves, as well as others. However, a quick search on the name of the CEO as well as the group generates no results, a little strange don't you think?
In simple terms, it is suspicious that a group managing over $2 billion in assets doesn't find a mention anywhere on the Internet. In this day and age, that's practically impossible. Similarly, the CEO of the group must be worth tens or hundreds of millions of dollars and should have been mentioned in at least a few respectable publications. However, a search on the name of the CEO does not generate any results online.
Everything points to the fact that this is a fake persona created solely for the purpose of selling the software to unsuspecting users, who are going to invest their hard earned money in a system that was apparently created only to fleece people that invest in it.
Suspicious Claims Made by the Alderley Code CEO
One of the claims made by the CEO is that this software uses an algorithm that has been designed with the experience and know-how that their group has gained over the past decade. In other words, he reiterates that this algorithm is a distilled version of their learning over the past decade, and they have chosen to give this for free to only a select group of people.
This is highly suspicious. After all, it is not logical for someone to give everyone access to a system that has generated hundreds of millions of dollars in profit for them over the past decades. Why would they do that?
Another suspicious thing about this software is that they do not tell you anything about the algorithm. They simply expect the users to trust them blindly. In other words, it has scam written all over it.
Alderley Code: Insured Withdrawals
One of the main selling points of the software is that they supposedly insure the withdrawals. In fact, the person in the video claims that they have insured withdrawals by a third party insurance provider for up to $5 million for each individual user. They claim that whenever a user wants to withdraw money from their broker account, the money will hit the user’s bank account within 24 hours.
First of all, there is no such insurance product available in the market, we checked. Also, the claim that they have tied up with many brokers and have made special arrangements for withdrawals seems to be fake, as each broker has its own individual withdrawal policies and it usually takes 2 to 5 days for the withdrawal to appear in a user's bank account.
There is no reason for any so-called “insurance” for withdrawals, it's just a bogus story they're making up.
This is a classic tactic used by marketers to lure in unsuspecting customers. They claim that their system is being made available by invitation only and is offered to only 15 persons a day. However, anyone can go to their website and no special invitation is needed. That clearly shows that their “limited availability” claim is bogus.
Also, they have opened their system to everyone, it is available on the internet to everyone. Anybody can enter their e-mail in the invitation box and get the software. In other words, there is absolutely no restriction at all on the number of users and it is only a sales tactic used by them to get as many customers as possible.
Alderley Code Fake Testimonials
In the sales video, there are testimonials by multiple users who claim to have successfully made thousands of dollars in a few weeks. The users also claim that they were able to quit their job within a few weeks once they joined the system. This also is just a classic sales tactic used by software sellers. These users look like hired actors who have been paid to give fake testimonials as it shows on their faces that they're lying.
Free Availability For No Reason?
Another indicator that the Alderley Code is a scam is that their software is being offered for free for no apparent reason whatsoever. There is no such thing as a free lunch, and I simply do not believe that Mr. Alderley is simply such a kindhearted person that he would want to give his software away for free without any benefit to him.
Binary options have the potential to make a lot of money with the right attitude and the right system. You should not approach binary options trading as a way to get rich overnight, or as a way to become a millionaire in few weeks. Binary options trading can make you a lot of money, as you need only a small investment to trade large sums of capital but you need to be extremely careful and choose your tools carefully.
Based on the facts mentioned above, the Alderley Code appears to be a scam where novice traders are lured in with promises to make huge sums of money with the help of free trading software, but I have no confidence in this system being able to deliver on any of those lofty promises.
There are a number of other highly effective and successful binary options trading systems available on the market today, many of which we have already reviewed on this site. These systems offer you complete control over your trading and have been used by a number of traders to generate serious amounts of profits. If you are interested in binary options trading, you should take a look at some of the others software options available.
Overall, stay away from this Alderley Code system, it's no good.