Code Fibo is a trading software for binary options that opened on July 24th. Code Fibo is just a new name for the software that was previously called CrunchTech, see here.
If you already lost your money at Code Fibo and want to know why, you should read this.
Code Fibo Scam
Code Fibo hired an actor and called him a professor. They claim to have been written about on Business Insider, when that is not true.
They wrote that this is “A software which has been under R&D for the past 5 years”. Meanwhile, we have seen this software marketed under so many names in the past year, including BinaBot, CrunchTech, Binary Trust Method, just to name a few.
The actual purpose of the software is not for you to make money, they just want you to give your money to an offshore scam bucket shop. They bucket shops are not licensed and regulated binary option brokers.
If you look at the real trading robots for binary options, see here, you will see that they don’t make unrealistic promises. They let you choose a licensed broker, and you can control many aspects of the software.
Code Fibo Technical Review
We watched the entire pitch video from Code Fibo and signed up to see what their “amazing” software really does. It was a major let down to say the least. It is an old autotrading software that has been recycled many times over the past year.
The investor / day trader only gets to control 3 setting for the software; Trading Volume, Strength Above and Risk. Also, the minimum trade size is $25 which is 10% of a $250 account.
The Bottom Line…
Real people who are seriously trading binary options always focus on which licensed broker they are trading with.
Find yourself a quality licensed broker here.