The Drexel Code Scam
Drexel Code- SHOCKING NEWS RELEASE- Online Scams
There are many money making schemes and scams out there that have to do with binary options trading and the Drexel Code is just the newest of these scams. This trading service is really an auto-trading software that claims to be able to help people make the right choices when engaging in binary options trading and in the long run will make everyone very rich. This obviously sounds way too good to be true. The Drexel Code has been flying into people’s email inboxes recently, trying to get them to invest their hard earned money, but there are a few things that everybody needs to know first. One of these things that everybody needs to know is that while the video they have made on behalf of the Drexel Code has been done very well, it doesn’t meant this service is trusted or legitimate. Continue reading this SCAM exposure detailed review to find out more.
How Does The Drexel Code Scam Work?
The Drexel Code software app is a scam where people engage in binary trading and are promised very lucrative amounts of profits. If you don’t know what binary trading is let us explain. All binary trading involves is deciding whether the price of an asset or stock will rise or drop in a certain amount of time. Brokers of binary options allow users to engage in binary trading in a number of areas including indices, Forex, stocks, and commodities. With binary options trading you also don’t have to worry about the stop-loss because anything that happens in the market before the expiration time of your options doesn’t affect you.
Therefore the long story made short is that the prices don’t have to go up for you to make money. All you have to do is predict whether or not the price is going to rise or fall, and you have to do so correctly.
Anyway this is where the Drexel Code scam comes into play because it claims to be able to accurately predict whether a price will drop or rise. This scam says that it can help you make winning trades all the time. In fact, the Drexel Code scam says that they always make winning trades and will help you gain ridiculous amounts of profits. The makers of this trading software even claim that the Drexel Code has not made one single losing trade in the last 3 years, this is a huge lie. Of course these claims seem to be absolute bologna!
The reason that this claim is so out of this world is because it’s simply impossible. Cory Drexel, the creator of the Drexel Code, goes out of his way on several occasions to reinforce the fact that his software hasn’t made a losing trade in the last 3 years. However this is just simply impossible because there is no piece of software, no geniuses, no algorithms, and no team of people that can perform that accurately all the time; it’s just statistically impossible. It might be a matter of semantics and smart marketing here because it is possible to not have a losing day, but to not make losing trades is another story. Sure, a winning trade could cancel out a losing trade but that doesn’t mean that the software didn’t make a losing trade in the first place, something which Drexel claims.
Now, many people may like the idea of an auto-trading software because humans do make errors, and humans respond to fear or greed and will make impulsive decisions which can end up costing a lot of money. That’s why many people are tempted to use an auto-trader because it removes the human emotion and leaves only the statistics in play, in which case the chances to profits increase because the algorithm does not involve human risk and emotions. However the negative side to this is that someone had to write the code and someone could have easily made a mistake when doing so. Not only that, but I also just find it very hard to trust an auto-trading program, especially one that makes such outlandish claims as the Drexel Code app.
Let’s move on and talk about just what we found when we investigated the Drexel Code scam system. There are some very big and bright red flags that indicate that this is nothing more than a money grabbing scheme.
The Drexel Code Scam – What We Found
First of all, right on the website they try and get you to enter your email very desperately and they go through a lot of marketing and prodding to try and get you to sign up immediately without actually reading anything; that’s already a problem. Moreover, every time you load the page the Drexel Code scam site claims that you need to sign up right away because there are only 2 spots left for beta testers. This is of course a complete lie because when the page is refreshed there are always still 2 spots available. It’s one of those “buy now before we run out of product” scams, even though there is clearly an unlimited supply of said product!
The Drexel Code website also includes a bunch of phony security badges to try and reassure potential investors, more or less pictures taken from Google images to make it look legit. All of the links such as McAfee, Symantec, GeoTrust, and VeriSign all appear on the page, but they can’t actually be clicked and are completely meaningless. Another big red flag is that Mr. Drexel claims that this website and the software has existed for a number of years and that his beta testers have been making money for that whole time, but upon further research it is clear that this company and website has only existed for mere weeks! Upon even further research we realized that all of the beta testers claim to have been making money for years, but not one of them signed up years ago; they all signed up this year, or to be exact after March 16 when the domain name of the website was registered.
The Drexel Code Scam Review Conclusion
The fact of the matter is that The Drexel Code is just another binary options scam meant to trick people out of their money. Cory Drexel claims that his beta testers have been making money for years, but the company hasn’t even existed for a few months and all the beta testers talk about the money they made in their first week. None of this adds up. This is all beside the point that it is spastically and empirically impossible to make winning trades 100 percent of the time. Our judgment is that this auto-trading software is just another scam and nothing else, one with a decent video to lure people in, but don’t fall for it because there is no guarantee that you will ever make any profit with Drexel Code. If you are looking for legitimate and fully verifies binary options autotrader then you should read about NEO2 software.
NEO2 is one most accurate binary options autotrading systems at the moment. We are continuously testing NEO2 software and we have to admit that it really generates decent daily profits of little over 80% ITM performance. We also found some LIVE TRADING trading video regarding NEO2 to find out more. If you have any questions please send us email and we will get back to you, thanks.
