Cobalt Code is the new name of a very simple auto trading system for binary options that was formerly know as Disrupt Trading. On August 29th they released a version in Español.
This may come as a surprise to someone like you that is new to binary options trading, there are more that 300 automated trading systems you can integrate with a binary options broker.
Alert! Before you become the next victim of a scam software, You should look at the real ones, go here.
Cobalt Code Scam
When you watch a video on a website like the one from Cobalt Code, they try really hard to convince you that depositing money with some offshore binary options broker will make you a millionaire over night. However, we noticed a huge red flag when we reviewed the Cobalt Code. Look at the screen capture below, where they say that they are verified by 5 banks, and it is risk free. That is a lie, and they are not verified by any bank!
If you want to see what real a broker looks like, then look at the best brokers page.
Cobalt Code Review
Once we registered and got inside the system this is what we saw. (don’t worry, we didn’t make a deposit) It is the most basic automated trading robot, and the only thing you can do is turn it on or off. You have zero control.
It kept on flashing trade signals with buy & sell on stuff that doesn’t even exist. They made up an asset called Cobalt for you to buy and sell. We look at the broker, and there is no such thing as Cobalt available for trading.
Bad Binary Option Brokers
As you can see, Scam Broker is a website dedicated to reviews of binary option brokers. We have reviewed over 200 brokers in the past few years and found 90% of them to be unlicensed frauds.
Many of these brokers will show an address in London, UK, when in fact they are just mail boxes, and the real owners are located in the Marshall Islands. Before you lose your money to a binary options scam, read about why to use a licensed broker.
Real investors that are interested in trading without any automated system, should find a real broker on the best brokers page.
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence or is authorised by an Australian financial services licensee and regulated by ASIC.”
Please tell everyone how you lost money using The Cobalt Code, in the comments section below.