Product: Royce Code
Type: Binary Software
Owner: Richard Royce
Price: “Free to Join” – $250 Min. Deposit
Rating: 0/100 – Scam!
What Is The Royce-Code?
Upon entering the Royce Code website, you are invited to receive a $1,000 bonus right into your account.. But how can this be true? The Royce Code is literally the definition of a scam and we know that because as soon as you enter in your personal information, you are lured with nothing more than hopes and dreams.
Another very clear indication the Royce Code software is a scam is by its use of a 10 minute countdown timer that pushes you into entering all your personal information; this includes a full name, e-mail address, password, and phone number.
Why they ask you for your phone number is beyond me, but is probably so they can contact and entice you more often into depositing even more money into the Royce Code system.
What Does The Software Do?
The Royce Code software claims to do a lot behind the scenes, when really it does nothing but make trades for you. These trades aren’t necessarily any better than one you might choose to make on your own. But products and systems like the Royce Code will claim that they have some amazing software that can predict the best binary trading signals for you.
That is literally never the case however, since it’s impossible for any software to predict a highly regulated trading market. Thus, the Royce Code is nothing more than a ploy to assign you to a trading broker on their end, while they sit back and receive all the commissions off the binary trading deposits that you make.
It’s no wonder that we are lured by an expiration timer and a big heading that says “1 Position Remaining Today.” We see these methods consistently being used in these types of scams to invoke curiosity and get you to sign up as quickly as possible. More importantly, is that even Google detected this to be an extremely harmful phishing website that could be putting your personal information at risk.
Here’s a look at the screenshot below:
Interestingly enough, after entering my information, I couldn’t even proceed to the next step. Instead the browser brought me back to where I started on the site to protect me from any malicious harm.
We furthermore, know that the Royce-Code software is nothing more than a deceptive scam because of the fact they claim that our money and profits are fully insured and guaranteed. They claim you’ll be making figures in the thousands, when in fact, that’s probably the money you would stand to lose.
Are There Any Legit Binary Softwares Out There?
In my experience, I have never seen a single legitimate binary software. All these softwares claim to do the exact same things.. That they’ll do your work for you by finding the best trades to put your money in. But they all have one thing in common, which is that they are assigned to be your binary broker.
In return, they make all the commissions off your binary trading deposits. What’s worse is that they claim the software is completely free to join and then once you’ve entered in all your information, you are told you need a minimum $250 deposit just to get started. That money can easily be thrown away on one or two trades that you have no idea will win or lose.
While binary trading itself might not be considered a scam, but instead a rather risky endeavor, its important you’re always aware of the risks before trading. In my opinion, I don’t believe binary trading is a viable method of making money online, even when you’re not using a software as proposed by the Royce Code. No matter how you look at it, you’re always going to be risking your money away, no matter the trade.
No one or software can actually predict in what direction a trade might go in. It’s either one of two ways, up or down, and the only way you can win is by guessing correctly. There are no mathematical formulas nor any way to even slight improve the chances of your prediction. It’s a nothing more than a 50/50 guess, and it’s in my opinion, that you should stay away from trading and the market overall especially because of scams like these.