Money Code Software Review
2016 was a big year for automated trading systems. There were a host of new services which appeared on the market. The Money Code software became available in June 2016 although it is interesting to note that the software was originally released as 7 Figure Months.
The change of name to Money Code software was a direct response to the quality of the first product. Unfortunately this software has become known as the Money Code scam as it has a multitude of issues.
Why is it known as the Money Code Scam?
The first issue with this system is that they have a large number of people praising the Money Code software and how well they have done with it. Unfortunately these are all actors which have been paid to say these things.
Another tell tale sign of the Money Code scam is the claim that you can get over a thousand dollars in just six minutes just by giving the Money Code software a go; and its free! However, all the systems are free to sign up to and it is highly unlikely that you will make this sort of funds in just six minutes.
A Review of the Money Code
It has been promoted as new software; however the Money Code scam uses the same software that has been available for several years. There are limited levels of control on the Money Code software; it is only possible to set your own preference for the amount you wish to trade, the strength rate of the signals and your risk level. This is a very limited approach and leaves the control with Money Code; another way of verifying the Money Code scam.
Choosing a Money Code Software Broker
Unfortunately despite many brokers offering a reputable service there are many who have chosen to register in a country without regulations. As such these brokers have not controls or restrictions placed on them; they are able to trade in any way they like. Although many countries and government bodies are trying to limit the number of unregulated brokers it is not an easy task.
To stay safe you should ensure your automated account is linked with a licensed broker. The Money Code scam relies on you being linked with an unlicensed broker; something that will instantly tell you about the quality of the software you are about to use.
Instead, you can choose to use a review site and locate a registered broker with which you can start trading fairly. Alternatively there are legitimate automated trading software options. Two of the most popular at the moment are Binary Option Auto Trading and BinBot Pro. Both of these firms are ne and offer an excellent range of adjustable settings including your daily exposure and the ability to reverse trade.
BinBot Pro will even allow you to access their systems and use a demo account before you commit any funds to them. This is certainly not something you will find when using the services of the Money Code software.