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Is Cobalt Code a Scam? – Everything on the site is FAKE

October 13, 2016 14 Comments

cobalt-code

 

Product name: Cobalt Code

Website: www.thecobaltcode.com

Owner: Grant Stone

Price: Free to join + $250 investment required

Overall rank: 1 out of 100

Verdict: Scam

 

There is a long story behind binary options trading programs and an overall rating of such programs is very low on the internet. It’s because most of these programs are either complete scams or don’t deliver results they promise.

I’ve reviewed a few binary trading programs on this site and I have a long list of other binary options programs on my other website. So, at least I know what I’m talking about. Creators of the Cobalt Code are fantastic guys because they promise you can make $12.875 a day.

Bradley Hopkins, a Cobalt Core fake millionaire claims that he’s made $90.000 in five days. Cobalt Code is claimed to be trusted and verified by the Bank of America, Deutsche Bank, HSBC.

They show you luxury cars, like Bentley. They show you luxury houses that you can buy IF you join the Cobalt Code program. Claims are really big, expectations are big.

The question is: Can you really achieve all of that using Cobalt Code binary software? Can you really make $12.875 a day? Is Cobalt Code a Scam?

In this review I’m going to answer all these questions so you can see for yourself what Cobalt Code is all about. Keep reading because I’m going to reveal some interesting facts.

 

The main idea behind the Cobalt Code

The idea of the Cobalt Code is to show you how to trade binary options using Cobalt Code software so you can choose the best signals the software sends you. This means you will be winning most of the time thus making ton of money.

The idea sounds great and all binary trading programs give the same promise and all of them fail to deliver on their promise. The Cobalt Code does follow the same path and even worse.

 

Pros of the Cobalt Code

  • “Free” to start

 

Cons of the Cobalt Code

  • Investment required – at least $250
  • Misleading advertising
  • No money back guarantee
  • Fake millionaires ( from Fiverr.com)
  • Fake earnings screenshots
  • Very low rating on the internet
  • Very risky investment
  • No Privacy, Disclaimer pages
  • Fake verification from reputable banks

 

The Cobalt Code is a waste of time in my opinion. There is nothing new in this program. Nothing special at all. There are too many red flags here. Fake earnings screenshots, fake millionaires from freelance sites, such as Fiverr.com, unrealistic claims, false promises and more. If you want a genuine program here is my top recommended program. Take a look at the comparison table. You can try my recommended program without spending a dime. It does have a high rating on the internet.

 

The Cobalt Code short review

Before you invest your hard earned money in the Cobalt Code program I would like to explain in a simple way what binary options opportunity is about. Trading binary options means you will be predicting the movement of assets in the market. It can be anything.

 

cobalt-code-software

 

In this specific case like with most binary trading softwares, you will be trading currency pairs. If your prediction is correct you will win and if not you will lose. First of all you must understand that if you agree to invest money in this software you are going to put your money at risk.

If your prediction is wrong you will lose your money. You can lose $200 or you can lose thousands of dollars with one single click of your mouse. Most of the time people lose a lot of money when they get involved in long term trades.

With a long term trade you freeze your money and wait for the best binary signal. Once you get the signal from the software and choose to trade you can either win or lose.

With long term trades people put a lot of money and that’s why when they trade they lose a lot of money. Of course, programs like the Cobalt Code promise to send you the best winning binary signals, but in reality people lose money.

Like I said, there is no way to predict market fluctuations. It’s simply impossible to predict it. Sometimes your predictions may be correct, but most of the time they are not.

In order to make some money in this business you should know market, understand market fluctuations, have knowledge in politics, economy, finance.

If you have no knowledge about all this you will never achieve success in this type of business. Even if you make some money you will lose WAY more.

Plus you should keep in mind that there is no money back guarantee when it comes to binary trading programs. If you invest your money which is at least $250, you are going to do it at your own risk. It’s not a purchase, it is an investment.

 

Is Cobalt Code any different from other binary options programs?

Though the creators of the Cobalt Code claim that with their software you can become rich within a matter of a few days this is not true. There is no way to become rich with a few mouse clicks. I’ve seen the same type of claims in many other binary options programs similar to Cobalt Code.

Same fake millionaires, fake earnings screenshots, same unrealistic claims etc. If you read some of my reviews on binary options trading programs, you will realise that an overwhelming majority of them is a complete waste of time.

 

fake-earnings-screenshot

 

Recently I came across a binary options program called Golden Age that has been massively advertised on the internet.

The creator of this program claims that his software is able to send you the most accurate signals that will allow you to bank ton of money with no effort.

Their promotional video is super convincing and many people fall for this scam. The video is very convincing, but it’s very misleading. The creator of the Cobalt Code claims that his program is free but the truth is that it’s not free.

You need to invest your money in order to be able to start trading binary options. And all binary options programs that I’ve seen so far tell you nothing about a very high risk of losing your money with binary options.

They don’t tell that in case of losing money you won’t get a refund.

That’s why, the Cobalt Code is no different from other binary scams that I’ve seen so far and I’ve seen many of them (http://yourincomeadvisor.com/binary-options-scam-my-realistic-take-on-binary-options).

 

Can you trust the Cobalt Code site?

In my opinion you shouldn’t trust the Cobalt Code site for many reasons I’m going to reveal further within my review.

 

Reason # 1

They show people unrealistic earnings screenshots that they can’t back up in any way. How can people like you or me trust them? Using programs like photoshop I can create similar screenshots.

I can’t prove it but I’m pretty sure all those images from the Cobalt Code site were created by photoshop experts from freelance sites like Fiverr.com. Why I think so? Because

 

fake-testimonial

 

I know that earnings like this, $12.875 a day or $90.000 in five days are unrealistic. I know this for sure because I’ve seen the same type of images on many other binary scam sites.

 

Reason # 2

My brother was involved in this business ( Forex) and lost thousands of dollars. And believe me, he has knowledge and experience and knows well how to trade. But still he lost a lot of money. Why?

Because you can’t predict market fluctuations. There is no 100% accurate method. You can win $1000 today and you can lose $2000 tomorrow.

 

Reason # 3

There is a warning regarding internet-based binary options programs. This warning doesn’t come from me or someone else. It comes from the official organizations, such as SEC and CFTC.

 

binary

binary-options-facts  SEC

 

According to SEC and CFTC, most internet-based binary trading platforms are not complying with applicable U.S. regulatory requirements and may be engaging in illegal activity.

I think the warning is very serious and you should take it seriously if you want to avoid losing your hard earned money.

 

Reason # 4

The creators of the Cobalt Code show the logos of trusted banks as if their program, i.e. the Cobalt Code is trusted and verified by these banks. My question to you: Do you really believe the Cobalt code has been trusted and verified by reputable banks, such as Bank of America, Deutsche Bank, HSBC?

 

fake-trust-verification

 

If their program has been verified by these reputable banks then they MUST provide some screenshots of the documents or provide links to those banks that clearly show and prove that the Cobalt Code has been verified and trusted by these banks.

Unfortunately, we don’t see any of this. Also, note that banks or any other financial institutions can’t reveal their clients’ income. This means the profit numbers the Cobalt Code shows you are totally fake.

 

Reason # 5

If you take a look at the screenshot from the Cobalt Code video you will see a grammatical error in the text. It should be : “when it comes”, not “when it come”.

 

grammar-error

 

If creators of this fantastic program called the Cobalt Code invested so much money into their software couldn’t they fix that grammar error? How can you trust them after all this?

This guy Bradley Hopkins claims that he has no knowledge about computers or technology and yet he was able to record a professional video using a video recording software. Do you really believe he has made $90.000 in five days?

 

Reason # 6

These guys from the Cobalt Code site show you photos of people that live in your country (depending on the country you live in). In my country it shows that Richard Roberts, Jack Ringer and Claudia Hope are living in Azerbaijan and are making ton of money with no effort!

 

fake-millionaires

 

Take a look at the images and ask yourself: Do you really believe these people are real millionaires that are living in your country and are making money? I think this is one of the major red flags in the Cobalt Code program.

 

Reason # 7

These guys from the Cobalt Code use the same misleading tactic like many other binary options trading programs. They tell you a story about their fantastic software and how it was created. In this particular case, Grant tells that this software was created by his friend Steve.

You can see the same path in many other similar programs. And they always tell you the same thing, such as their software is different from other programs, it’s 90% accurate, because it’s going to send you only winning signals.

 

Reason # 8

All reputable sites have pages, such as Disclaimer earnings, Privacy policy. This is the requirement for any website. The Cobalt Code has even more pages, such as Disclaimer, Privacy, Terms of use, Spam policy. But there is one small issue. All these pages are leading to the main page. i.e.

 

cobalt-code-privacy

 

http://www.thecobaltcode.com/closing/index2.php#

This means you won’t find any info on these pages. What does it mean? This clearly indicates to the Cobalt Code being a SCAM you definitely should stay away from.

For example, some other binary trading sites at least have a disclaimer that you can see below in which they clearly state that there is no guarantee that you will earn money.

 

disclaimer

 

Some other binary options programs tell that investing money in a binary software involves a high level of risk of losing money.

 

disclaimer1

 

But the Creators of the Cobalt Code tell you nothing about this. They simply left those pages blank. Or to be exact, those pages simply don’t exist.

 

Reason # 9

The Cobalt Code promotional video is FULL of BS info about fake Cobalt Code millionaires. They all are from freelance sites, such as Fiverr.com like I said above. They are NOT millionaires. You can order such a testimonial for $5-$10 on Fiverr.com. Take a look at the images below.

 

fake

 

testimonial-from-fiverr-1024x549

 

More reasons to stay away from the Cobalt Code

As I said, I have a couple reviews on binary trading programs on this site and I have a huge list of other reviews on my other site. You can read my article here (http://yourincomeadvisor.com/binary-options-scam-my-realistic-take-on-binary-options ).

Within the article you can find info on many other binary trading programs all of which are not recommended. They all have common aspects and the Cobalt Code is just another out of many other binary scams out there. The list includes 25 binary options programs.

Trading binary options path is very risky and the programs that are all around the internet are very low quality programs.

I really don’t recommend to put your money at risk. Anyway, if you want to learn more facts about binary options opportunity you can read my article above.

 

Final word on the Cobalt Code

My final opinion on the Cobalt Code is that you should stay away from this program if you don’t want to waste your hard earned money. To be honest, to this day I haven’t found any binary options trading software that can guarantee you income or send winning signals all the time.

The truth is that you won’t be winning most of the time. No software in the world can do that. Because the signals can’t be winning by themselves without taking into account many factors that have a close connection with the world events.

As you probably know, market fluctuates every few seconds and may be affected by war, force major circumstances, politics. Do you think a software like the Cobalt Code or any other software can consider all these aspects? Is it possible? Of course, it’s impossible.

But the creators of this program claim that you will be winning most of the time and will make over $10.000 a day or even more.

They show you photos of Cobalt Code fake millionaires trying to convince you that making ton of money with Cobalt Code is easy.

Of course you are free to try this program. I honestly recommend you to stay away from the Cobalt Code. A lot of people already lost their money with other similar binary options trading programs and the Cobalt Code is no different from them.

It is even worse than other binary options trading programs. In my opinion, the Cobalt Code is a scam. There are obvious red flags here and there are much better and legit programs that allow you to make money without any risks.

One of such programs is the program that I’ve tried personally and I’m still a member of it. You can try it for free. See the link at the end of my Cobalt Code review.

 

Final glance at Cobalt Code

  • “Free” to start
  • Investment required – at least $250
  • Misleading advertising
  • No money back guarantee
  • Fake millionaires ( from Fiverr.com)
  • Fake earnings screenshots
  • Very low rating on the internet
  • Very risky investment
  • No Privacy, Disclaimer pages
  • Fake verification from reputable banks
  • Overall rank: 1 out of 100
  • Verdict: Scam

 

Tired of programs like Cobalt Code? Here is my top recommended program. It’s free to try.

 

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Comments (14)

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  1. Mark1 says:

    Thanks very much for the heads up.

    Anything that promises $12,000 a day is obviously a scam. I am not quite sure how people fall for these things.

    I am currently on the Wealthy Affiliate program that you mention. It is a great program for helping people build a passive income online. It takes hard work, but it makes it possible by providing high quality training and an awesome community.

    Anyone reading this should check it out!

    • Rufat says:

      I agree with you Mark. Unfortunately, a lot of folks fall for this type of programs. And of course, any program that claims to show you how to make $12.000 a day with little effort is a total BS in my opinion. Like you say, any success takes hard work and dedication. Building a successful business takes time, not seconds, minutes or a couple days as Cobalt Code does promise it. In fact, Cobalt Code is one of the worst programs and is one of the worst binary trading platforms that I’ve seen so far over the past 2 years.

  2. Diego Sánchez says:

    Hey Rufat,

    These guys are just a pair from the whole pack. There are many others just like them, preying over people who believe money grows on trees and can be obtained by the thousands with no absolute knowledge of what you are doing.

    If you don’t know how something works and can’t see from a distance how a parameter will affect said event, then it is highly likely you will not be able to successfully monetize from it.

    Learn the game, play the game, beat the game. Then you can worry about money.

    Thanks for your review man, keep it up.

    • Rufat says:

      Unfortunately, some people still believe that money grows on trees and that’s the only reason that they fall for scams like Cobalt Code. Of course, there is no way to online success without knowledge, dedication and some experience. Everything starts with knowledge and effort and the Cobalt Code is the program that tries to convince us that money grows on trees. Thank you for your short yet very inciteful comment.

  3. Tej says:

    You have done a great job researching Cobolt Code. I found your article to be very informative and thorough.

    Having been involved in earning money online, I have personally found programs promising that someone can make money quickly or at a click of a button usually fall short or are scams as you have pointed out in your article. In this case, i would find it hard to believe that a software could predict how the market will fluctuate.

    Thank you for sharing.

    • Rufat says:

      Of course, no software in the world can predict market, it’s simply impossible. The Cobalt Code does use various misleading tactic only to lure you into buying their fantastic software that’s going to waste your money instead of helping you achieve your financial goals. There are still some sites that are trying to promote this program and convince naive people that they can make easy money with a few mouse clicks. I hope with my detailed review I will save at least some people from this program.

  4. AFHudson says:

    Excellent example of breaking down this scam and backing your findings with published facts. Your authority as an expert in this field is quite evident by your investigation methods.

    Scams are never possible without greed on both ends. The Con-man and the Mark have to have a greed bias to make this successful. Consumers really believe that there are hacks to success and companies prey on this cognitive bias for their own success Reviewers like you and others are making a difference for those of us actually in this industry to make a sustained income. Keep up the good work…cheers !!!

    • Rufat says:

      That’s true. Consumers believe and go for these programs. But when we explain to them, most of the time they don’t listen us. They join, they spend their money and then when they understand that they have been scammed it’s already late. But I think that’s their problem because a little research on a company is important. Most people are too lazy and don’t even want to do the research.

  5. Norman says:

    It is all about doing your home work first, many persons jump into these scams without doing their home work. They think they can make lots of money in a short space of time with little effort when that is far from the truth. It takes time to build a business and to make a good income. Thanks for sharing this info.

    • Rufat says:

      Unfortunately, most people do believe that they can invest $250 in binary options scam and make lots of money. If it was that easy then everyone would quit their jobs. The level of risk in this business is very high. I know people who have lost thousands of dollars. This is a fact that most people who enter this business are losers. My brother is one of them. At least Cobalt Code is the worst program

  6. rajesh says:

    Dear Friend

    Certainly money does not grow on trees. You have to work for it. Had it been so easy like Cobalt is saying, well, that is too good to be true. Binary Options and trading, I have not seen people making money.

    The program on wealthy affiliate would be anyway better, you will learn all about the internet through that along with making money.

    Bye

    • Rufat says:

      I understand that you haven’t seen anyone who could be making money with binary options, but it’s possible. The other question: How much? And how often you can make? The reality is such that there is no limit on how much you can earn. But that’s just a theory. In reality, people enter this business and they leave it soon after starting it because of huge wasting. I think it’s very dangerous to enter this kind of business because you can lose everything.

  7. sara says:

    This is a very interesting site, i like that it gives info on the real and fake i myself invested quite bit of money into online programs that promised me success and money if i paid a certain price to learn all the criteria which turned out to be way more complicated then it seems. I had also never heard of Cobalt Code till now but its good to know it not worth the money. I was looking for binary trading programs and I’m glad I know which one to never join. Do you recommend to try binary trading programs?

    • Rufat says:

      Hi Sara,

      I do my best to provide facts and write realistic reviews. This is my goal. Yes, you’re right. Cobalt Code is a waste of time which is pretty clear from my review. When it comes to binary options it really depends on your approach. If you take quality education and take your steps carefully you can make some money. But you really need to be very careful because it’s very easy to lose hundreds of dollars or even thousands in binary options within seconds or minutes. I think this business is very risky and only those who have a lot of money can try this. Otherwise I don’t recommend it at all. My native brother lost a several thousand dollars in this business though he had experience. I would stay away from it.

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