If you are considering to sign up for The Alderley Code, you should stop right here. We’ve received multiple complaints about the software that prompted us into an in-depth investigation, and we have ascertained that The Alderley Code is a scam! Read our full The Alderley Code review for all the details.
Name: The Alderley Code
Owner: Grant Alderley
Price: $250 min. deposit
Legitimate? NO, IT’S A SCAM
(full list of all reviewed scams)
The Alderley Code Review
Is there really a guaranteed and fully insured investment?
Grant Alderley, the alleged owner of The Alderley Code, claims that his trading software is the world’s first and only automated, guaranteed and fully insured profit software.
Before you get all excited and sign up for the scam, let’s consider a few things rationally.
- What kind of investment is Grant talking about?
- Which insurance company is insuring all your profits?
- If all your profits are insured, how do the brokers make money?
Throughout the sales video, Grant deliberately avoid talking about the kind of investment you are about to make.
Instead, he focuses on generating hypes and about making thousands of dollars from an automated software. This is a hallmark of online scam, or any scam in that matter. They beat around the bush and never reveal the details.
The truth is, The Alderley Code is an automated binary trading software. If you haven’t heard of binary options before, we’ll explain how it works in just a minute.
Secondly, Grant said that all your profits will be insured by a third party insurance company for up to 5 million dollars. However, he did not provide the name of the insurance company, nor any form of documentation to support his proof.
Again, this is just a false promise, along with his promise of guaranteed profits. We’ve extracted an excerpt from The Alderley Code disclaimer document, and we’ll show you the ugly truth of the scam towards the end of this review.
How Binary Options Work?
For those who need some background on how binary options work, this segment is for you. If you have experience trading binary options, you can proceed to the next segment.
Binary options has only been introduced since a few years back, but it is gaining popularity quickly due to its simplicity compared to other trading instruments, such as stocks and Forex trading.
Even though it’s categorized as a form of trading, it’s actually more akin to gambling.
Binary options traders rely on their trading hunch, very much like gamblers relying on luck. They trade by guessing if the price of an asset will rise or fall after a short period of time, usually between 30 seconds to minutes.
Let’s say I predict that the price of GOLD will rise 1 minute later, and I bet $50 on an options contract. If I’m correct, I win a certain percentage of what I bet, usually between 60% to 80% ($30 to $40). But if I’m wrong, I lose the entire $50 that I bet.
As you can see, the whole process is very similar to gambling. Market movement is random in such a short timeframe, there’s no way to guess it right consistently. It’s just like flipping a coin – can you guess the outcome correctly every single time?
Even if you manage a 50% win rate, you’ll still lose money due to the uneven winning vs losing payout. You are essentially risking $50 for a chance to win $40, in a game of coin toss.
Even Forbes, the financial authority warns us against gambling with binary options.
How Does The Alderley Code Work?
The Alderley Code is a piece of binary trading software, which means it will trade binary options on your behalf. Even though Grant claims that his algorithm is guaranteed to make you profits, don’t fall for this trap.
No matter how sophisticated an algorithm is, there’s no way to predict the market movement in such a short time-frame, because it is random.
If making money with binary options is really so easy, why don’t we see any binary options traders among the richest people in the world?
Think rationally. Binary options broker doesn’t charge trading commission like stocks brokers, instead they make money from you through the difference in payout.
When you lose money, they keep the profits. If you keep winning, they are at the losing end. It’s just that simple.
According to Grant Alderley, since your profits are insured, it translates to a guaranteed loss for his brokers. Which broker in the right mind would accept this proposal?
Apparently, Grant was just feeding you lies so you’ll sign up for his scam. There’s money to be made from the internet, but not through shady programs like The Alderley Code.
You need to have a valid internet business model to generate income online.
What Grant Alderley Doesn’t Want You to Know
The truth hidden within the disclaimer
(click to enlarge)
As much as the scammers behind The Alderley Code software wants you to believe it is real, they are bound by legal jurisdiction, after all.
They have to declare somewhere in the website about the true nature of the scam, or they’ll face legal actions. They chose to hide it within the disclaimer document.
You won’t see the document anywhere in the sales material, because it is supposed to be hidden from you. The only place you can access it is through a fine print at the bottom of the sales page that reads “disclaimer”, which almost no one will notice.
You can verify the authenticity of our claim through their own original document: alderleycode.com/disclaimer.
We’ve underlined the critical terms in the screenshot above, but allow us to write them down and interpret them here:
- Clearly understand this: Information contained in this product are not an invitation to trade any specific investments.
- Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose.
- THE TRADES HAVE NOT BEEN EXECUTED.
Just from these 3 terms alone, we can understand the true nature behind The Alderley Code scam:
- Despite coercing you to sign up for the “free” money-making software, The Alderley Code denies inviting you to trade binary options.
Note: Scams that promise unrealistic returns like The Alderley Code are illegal in many jurisdiction. If they do not include this clause, they are deemed to illegally coerce you into signing up for the scam.
- The Alderley Code admits that trading binary options is extremely risky, and it’s your own responsibility if you decide to sign up and lose all your investments.
- NO REAL TRADES HAVE BEEN EXECUTED using The Alderley Code software. All profits quoted in the sales material are fake.
What about the profits Grant Alderley showed you in the sales materials? Of course, they are all fake profits used to entice you into signing up for the scam.
He didn’t even bother to tell you the risks of losing your investments in his sales pitch, and the fact that no real trades have been executed using his software, so how can you trust him with your money?
Is The Alderley Code a Scam?
YES, THE ALDERLEY CODE IS A SCAM. We strongly advise you to stay away from the scam if you don’t want to lose your hard-earned money.
You’ll be better off spending that $250 deposit for a nice dinner with your family than wasting it on a scam like this.
If you want to make money online, there are much better alternatives than trying your luck with binary options:
Have you encountered any online scams before? Personally I’ve fallen for a few before coming across the legitimate one, so let us know in the comments below if you have any personal experience to share!