Drexel Code, found online at DrexelCode.com, is a new type of trading software that partners with binary options trading platforms in order to help beginning traders with little to no experience make profits right away.
Binary options trading is a specific type of trading which asks people to decide whether a specific stock will rise in value (call) or fall in value (put) during a pre-determined amount of time from as short as 60 seconds to as long as six months, depending on the platform you work with.
Customers who make the right prediction about the movement of the stock will be rewarded with a return on their investment which averages about 85% each time, and customers can use this software to provide them with the correct predictions almost each and every time.
What is Drexel Code Promising?
According to their website and the video presentation available there, Drexel Code is giving people the chance to make more than $340,000 in less than one month of consistent use.
All customers need to do is create an account with a “trusted trading platform,” which Drexel Code chooses for you and is currently Morton Finance. Once you sign up with this company, you will have immediate access to the Drexel Code software.
The software will immediately begin working for you, without you needing to be at your computer or really doing anything. This company says their software has been in operation since 2011 and is consistently able to earn more than $15,000 per day for each member.
Drexel Code is simply not unique in the promises they are making or the format they are using – there are many, many other similar software programs out there that make the same claims and promises as this software and the unfortunate the reality of these programs is that they are just a bunch of investment bots, or mindless automated software system which claims to guarantee profits even though it can’t actually follow through.
For example, though this program claims to be free, in order to use it you must partner with a specific trading platform of their choice and you must create a new account with a minimum deposit of $250. Drexel Code emphasizes this is your money that you will use to trade and isn’t a payment for their software.
However, Drexel Code is still using their customers in order to make money, because when they send you to their partner company they are given a type of commission from that trading platform. But there are worse problems than simply misleading information.
The claim that Drexel Code can earn you $15,000 a day is ridiculous. In fact, these systems are not even motivated to help you earn money, because the money they are paid is only dependent on you signing up for a new account, and has nothing to do with whether your investments are successful.
Customers who are interested in binary trading would be much better off reading and studying this type of trading and working with a platform and a licensed adviser directly, than relying on one of these “get rich quick” systems.