What is the Quantum Code trading scam? Many claim it’s not a scam, while just as many say it’s a major scam. So what is the real truth about Quantum Code?
Let’s take a look and find out…
Company Name: Quantum Code
Owners: Michael Crawford
Price To Join: $250 Minimum
My Rating: 0/10
~ The Quantum Code Review ~
But First…
Binary options is as real as any other form of trading and there’s nothing at all dodgy about binary options trading. However, many scammers have entered the market with automated platforms they claim can’t lose and will make people very rich in a very short space of time. This is a review about Quantum Code, not about binary options in general.
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What Is Quantum Code?
Michael Crawford promises that with his trading platform, users will be making over $1.8 million every month.
Yes, you read that right. Nearly 2 million dollars a month.
That’s one hell of a statement to make.
Can Quantum Code live up to that claim?
Basically the website is just one page with huge income claims and a typical, hyped-up, tell you nothing sales video. He also employs the “scarcity” tactic, which is designed to get people to hurry up and take action before time runs out and it’s too late (it’s never too late for him to take your money). Michael uses the limited spots available ploy on this occasion.
In the video he refers to himself as “The Millionaire Trader” and the “Wall Street Wizard”. Much of the video is shot on board his private jet with his attractive assistant in tow. The rest of the video involves introducing us to various members of Michael’s team once he arrives at Quantum HQ. These team members all attest to making huge money with this new automated software.
The whole video is fake and even the inside of the private jet is just a prop. It’s quite entertaining, but the video simply features paid actors for hire playing out a script they’ve been given.
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What Quantum Code Is All About
Apparently the amazing software this mob has invented runs at nearly “quantum speed”. Whatever that really means. As a software program that places trades on behalf of the user, I’m not sure what speed has to do with making accurate trading choices. Sure, maybe it can analyse the data faster or something, but that doesn’t necessarily mean the bot also won’t make hasty trading decisions.
It’s all BS anyway. It’s just some mumbo jumbo these people come up with to make their fantasy product sound high-tech and real. The binary options world is awash with these garbage programs at the moment, making it hard for those genuine brokers and real trading platforms to get a fair go.
Michael tells us that none of this will cost us a cent, but that’s not true. We can’t start trading with his quantum speed magic robot until we first invest some money with his “trusted broker”, the buddy Michael Crawford personally recommends.
When you join the program you will be greeted with more videos from Michael, making outlandish claims about how everyone is earning way more than anticipated. Then he puts the squeeze on you, stating that there are only a couple of spots left, so get in quick or you’ll miss the gravy train.
The minimum investment amount is $250. Whether the automated trading software is even real, or whether your money just goes to a bunch of traders behind the scenes to gamble with, I’m not sure. Either way, Quantum Code is merely a copy of numerous other dodgy automated trading platforms out there. Possibly they are all even run by the same people. I’ve reviewed quite a few of them now and they all sound so similar in just about every way. You even see some of the same actors in the videos, but for different products and with different names.
The Affiliate Deal
Some people may not be aware that many binary options brokers pay affiliate commissions for every person affiliates get to join their brokerage firm and invest money with which to trade. Most of these brokers will pay 30% commission on the amount the new member invests. So if they invested $1000, the affiliate earns himself or herself $300. It’s because of these big commissions that some affiliates are actually inventing fake trading platforms, pretending they are the ones offering you a mega deal on automated software that can’t lose, when all they’re really doing is sending you off to a broker who will pay them 30% of your investment.
Not every dodgy binary trading platform out there is merely an affiliate though. There are people who have seriously created nothing platforms in a bid to lure you in and take all of your money off you
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Target Audience
These dodgy deals are aimed at people new to the binary options trading world and are seeking a simplified way to get started that not only sounds low-risk, but also sounds like it could make them a financial killing. Newcomers won’t necessarily know how hard trading can be, so the promise of big dollars might seem entirely possible with the advertised system if they don’t know any better.
What I Like
- I don’t like anything about this scam
What I Don’t Like and Red Flags
- The video just features paid actors who have appeared on other sales videos for online scams
- There is pressure placed on you with the fake scarcity tactics
- The figures that Michael claims you can earn are downright ridiculous and nothing more than a ploy to get you excited enough that you’ll throw money at their recommended broker
- Once you join and invest funds, these scammers will have your name, email, phone number and your credit card details – not good
- You will find that the recommended broker is unregulated by the industry
- The private jet and offices are all props for the sake of the video
- If you join you will quickly lose your investment, then the telemarketers will start hounding you to invest more
How Much Does Quantum Code Cost?
Despite Michael Crawford repeatedly saying in the video that you’ll make all this wonderful money without it costing you a cent, you need to invest a bare minimum of $250 to get started. In reality they’ll try and squeeze far more out of you, and will continue to try once your initial investment is long gone. Joining a scam like this is a lose-lose situation.
Is Quantum Code A Scam?
Quantum Code is definitely a scam and just looks like an old scam rebranded and using different actors. There is nothing to be gained by joining this and the software they claim makes all these winning trades for you is nothing more than a fantasy to get your money out of you.
If you want to try your hand at trading binary options, do your research and only invest with regulated brokers that have a good reputation. Never invest in something that obviously sounds way too good to be true.
Trading can be a tough gig. Anyone who promises easy money from trading of any kind is simply lying through their teeth to you.
Schemes like this one are a lot like gambling, so you might have better luck with this lotto system.
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Darren Burton
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