Is CodeFibo a Scam?
We have made a short review of CodeFibo and found out that they do not rate highly in Google Trends and there is not enough information available for them. As an alternative we have selected our Top Binary Robots along with detailed reviews for safe and secure trading.
Since we haven’t gathered enough information yet, we cannot confirm that CodeFibo is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe trading applications:
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Our constant work as binary options investigators shows that a lot of scammers rely on complex vague explanations about their systems to make them sound more sophisticated and reliable. Such a system, that was just released and we decided to investigate when we found it, is CodeFibo by university professor Matthew Lewis. We conducted a thorough research that showed some interesting results. Read our complete review to see if it is a scam or not.
CodeFibo – Scam or Not?
Matthew Lewis claims to be a professor, but he makes no mention of his discipline or the university he works at. This gives a cause for concern – if he had mentioned the university, we would have easily exposed him if he was a fraud. Our team finds this a good enough reason to believe that Matthew Lewis and his CodeFibo software are both fraudulent.
Code Fibo App & Results
Initially, the mentioned success rate was 80%. This is how the systems supposedly started and, for the purpose of objectivity, it sounds realistic. But the actual win ratio claimed by Mr. Lewis is 97% which is hard to achieve even by the best of the available trading systems in the industry. A newly released trading bot like CodeFibo can make whatever claims it wants, but none of the numbers have been verified yet.
What CodeFibo will do, if let to run on autopilot, is place approximately 80 trades per week. Matthew Lewis promises that traders will be able to make $6,900 per week. Since the system seems to be a scam, we advise you to think twice before trusting it because of the promised returns. Also, the creator emphasizes on the fact, that CodeFibo will place trades which will automatically close after 5 minutes, which makes us think that the binary trading software is limited to 5-minute binary options. Only one type of binary options provided is counter-efficient.
What Is CodeFibo App?
Mr. Lewis claims to utilize a secret code, occurring in nature as well. This phenomenon is known as the Fibonacci code. He hired the Appster company to develop for him the CodeFibo app based on this code and the so-called Golden Ratio.
The Fibonacci sequence is a sequence of numbers, in which the next number equals the sum of the two preceding ones. It illustrates the theory that everything is a result of previous elements in a given sequence.
In simpler terms, CodeFibo is said to be based on historical data. But if the logic behind the system is explained in more complex terms, it would attract more attention and make it sound more reliable and sophisticated. What the CodeFibo actually does is analyze historical data and trader sentiment. There is nothing highly sophisticated or original about the trading bot. This is an additional reason why we think it has nothing special to offer investors.
How To Join CodeFibo Software?
To get started, you will have to deposit around $300 which is higher than the industry standard. Even though it is not so uncommon for some brokers to require $300 for an initial investment, we know from experience that you can sign up for systems that connect with brokers that have much better terms and conditions for trading. Our expert advice is that you opt for a system like that and not CodeFibo and its shady offer. Despite the complex explanation offered by Matthew Lewis, the CodeFibo software is just another ordinary scam.
Final ConclusionAfter detailed investigation our team concluded that this Binary Robot may not be safe.
The lack of enough real and unbiased reviews on the Internet only increases our uncertainty. This auto-trading system has not been able to achieve the profits advertised on their sales page. Unfortunately we cannot confirm that this robot is decent until traders provide positive feedback.
We recommend You to Proceed To Safety and Avoid Scams by Choosing a High Rated and Trusted Robot on Is-Scam.com.
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