Beware of CodeFibo Fibonacci Strategies by Professor Matthew Lewis Binary Options Trading Scam
November 30, 2016
The CodeFibo Fibonacci Strategies system located at website: www.code-fibo.co, is another binary trading options scam. There is no such binary option trading system. If you search the internet, you will not find a Professor Matthew Lewis's CodeFibo Fibonacci Strategies system on any reputable website. But, you will find information about the same so-called system on deceptive websites created by scammers to convince their potential victims into signing up for binary options trading accounts with a broker and depositing a minimum of $250 into the accounts.
Please continue reading below.
The So-Called Professor Matthew Lewis
This is how the so-called Professor Matthew Lewis makes his money, by convincing members into opening binary options trading accounts with a broker, which he will make commission from every time those online users trade, whether they lose or earn money on their so-called investments, taking part in very risky binary options trading.
There is a lot of binary options trading scams online that are similar to Professor Matthew Lewis's CodeFibo Fibonacci Strategies system. All the scammers do is to change the name of the company and website, then they get actors to create an appealing video with rented luxury homes, cars, jets, which they claim they own, in order to convince viewers into believing in their scams.
What is Binary Options Trading?
Simply put, Binary Options trading allows you to basically trade by saying “yes” or “no”, and if you predict the right outcome you win a predetermined amount. If you are wrong, you lose your money.
Remember, the trading of binary options can involve overall market risk. In nearly all cases markets can and oftentimes do move in various directions without ample warning. Although there are ways to predict potential market movements, even the most thorough of analyses cannot always accurately pinpoint exactly which direction the market will take.
Online users, the best way to get to know Binary Options trading better is by using a demo account. With such an account, you can trade under real market conditions without risking your own money. There are a lot of websites on the internet which allow you to setup a demo account. Just search for “open demo binary options account.”
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