The Quantum Code
- Long-Term Earning Potential
- Value for Money
- Training Quality
- Short-Term Earning Potential
The Quantum Code claims to be able to trade the financial markets for you and generate guaranteed profits.
But The Quantum Code is almost certainly a classic binary options scam.
Because in addition to The Quantum Code’s sales page exhibiting multiple qualities of a ‘get-rich-quick’ scheme.
Those who have deposited cash to the associated Prestige FM ‘broker’ reportedly had their money stolen.
Furthermore, the European Securities and Markets Authority has banned firms from selling binary options to retail consumers across the EU.
Consequentially, The FCA (‘Financial Conduct Authority’) has specifically warned that: ‘If you are offered binary options, it is probably a scam’. [Source].
Avoid The Quantum Code.
- Fits the ‘binary options scam’ model.
- Money reportedly ‘stolen’ by the ‘broker’.
|Name:||The Quantum Code (name changes often)|
|Type:||Binary options – trading ‘software’|
|Price:||Free to join + $250 minimum ‘broker’ deposit|
|Rating:||<1 / 5|
|How to Join?||Don’t|
In this Quantum Code review.
I’ll be exposing a binary options scam that keeps resurfacing under a range of different names and website addresses.
Now, I typically refrain from labelling a product or service as a ‘scam’.
Unless there’s sufficient objective evidence to substantiate such a claim.
And in the case of Michael Crawford’s Quantum Code.
The proof is overwhelming.
What is The Quantum Code?
The Quantum Code is marketed as a piece of software that can trade the financial markets on autopilot.
Image credit: https://thequantumcode.xyz/
How Does The Quantum Code Work?
The software is designed to trade the financial markets using ‘binary options’.
However, the system doesn’t work as advertised.
The entire system is set up to take your money.
I’ll explain the exact mechanism shortly.
Who’s Behind The Quantum Code?
The name associated with The Quantum Code is ‘Michael Crawford’.
‘Michael’ appears in the video on the sales page.
Where he claims that he’s a successful financial trader who now helps others make millions using his unique trading software.
However, several other review sites have confirmed that ‘Michael’ is an actor.
And apparently, he’s appeared in a range of other videos for other financial trading products.
I also discovered that the same script and set were used by a clone product called The Orion Code.
Where the same ‘Wall Street Wizard’ is this time named ‘Edward Robinson’.
And played by a different actor.
How Much Does The Quantum Code Cost?
Access to the ‘system’ is free.
However, before you can actually access the software.
You’re forced to give up your email, phone number, and deposit at least $250 to the Prestige FM ‘broker’.
You’re almost certain to lose this money (and potentially much more).
I’ll explain why below.
Is The Quantum Code a Scam or Legit?
The Quantum Code is a binary options trading scam.
Here’s how the scam works.
This is How Binary Options Scams Work
Binary options is actually a legitimate (but very risky) way to trade the financial markets.
You’re basically betting on the price of an asset being above or below a certain price point at a certain time.
This fixed-odds ‘yes’ or ‘no’ proposition makes binary options a ‘simple’ way for novices to start ‘trading’.
This ‘ease of access’ makes binary options a popular vehicle for scammers.
With countless ‘get-rich-quick’ schemes being tied to binary options trading ‘systems’ and ‘software’.
The issue has become so prevalent that the European Securities and Markets Authority (ESMA) has now banned firms from selling binary options to retail consumers in the EU [source].
However, binary options scams are still rife.
Of which I’ve seen several derivatives.
This video explains how the ‘classic’ binary options scam works:
Here’s a summary of the process:
1: The Build Up – Fake News and Bunk Software
The aim here is to get you to deposit your own money to a ‘broker’.
Usually, the broker is just a ‘shell’ website that has been set up by the scammers themselves to accept payments from you.
These websites often look very professional and are usually littered with fake testimonials and ‘social proof’ to confer trust.
Here’s one from ‘Bitcoin Money’:
Scammers will often use ‘fake news’ stories that feature celebrities ‘making money’ with their system to act as a confidence trick.
This initial ‘build up’ may begin on Facebook where the scammers can use carefully worded posts to sneak past the platform’s advertising screening algorithms and start pulling people in.
Here’s one that features Gordon Ramsay:
Alternatively, the scammers will lure you in with a secret ‘system’.
That claims to be able to trade the markets for you on autopilot and make you money.
Once you’ve signed up (usually for ‘free’) you’ll automatically be redirected to the ‘deposit’ page for their fake broker site.
Where you’ll be forced to make a minimum deposit (usually $250) to ‘access’ the software:
Typically, as soon as you’ve handed over your phone number.
You’ll be called immediately by a ‘broker’ who will pressure you into making a deposit.
Expect relentless calls, texts, and voicemails for days, weeks, or even months.
2: The Convincer – Fabricated Profits
‘Short-cons’ may see the ‘broker’ just take your money and not give you access to the ‘software’.
However, ‘long-cons’ may provide you with what appears to be a legitimate trading system.
The aim here is to get you to deposit more and more money into the shell broker site over a period of time.
This is often done by completely making up the ‘profits’ that you’ll see on your membership screen.
What you’re actually seeing is a computer generated
3: The In and In – Matching Your Money
Often, the ‘broker’ will offer to match your money if you make a larger deposit.
You may also be offered an ‘insurance’ policy to refund part of your losses on losing trades.
Of course, any money that you see entering into your account from the ‘brokers’ side will be fabricated by the platform.
The only real money that’s being deposited is by you.
4: The Scam – Stealing Your Cash
The scammers have several ways of defrauding you.
The core of the scam is that of keeping any money that you’ve deposited via their shell broker site.
However, ‘sub-scams’ also include stealing your bank details and ID (the ID is required for ‘verification purposes’).
Your details may even be sold on to other criminals.
Even if you don’t see any fraudulent transactions appearing on your bank or credit card accounts.
The key giveaway that you’ve been scammed is that you cannot withdraw your money from your ‘broker’ account:
Image source: https://uk.trustpilot.com/review/prestige.fm
You’ll either be given excuse after excuse.
Or simply locked out of your account.
You may even be asked for a fee to ‘release’ your funds.
Do NOT pay anything else!
The Affiliate Broker Scam Variation
Sometimes, the broker is actually legitimate.
The scam is that of using affiliate links to piggyback off the profits made from your trading activity.
Which is often generated when you LOSE money to the broker.
Or, the affiliate will be paid for each referral that makes a deposit.
This is very similar to how gambling affiliation works.
In fact, I’m now starting to see online casinos and their affiliates use the ‘fake news’ Facebook portal to get sign-ups.
Here’s What Happened When I Joined The Quantum Code
That’s how most binary options scams work.
So, I decided to go ahead and register for The Quantum Code.
To see if it fits the same model.
Here’s what happened.
1: Forced to Hand Over my Phone Number
As you can see.
Once you’ve entered your email address into the web-form on the initial sales page.
You’re forced to give up your phone number in order to create an account:
2: Instantly Redirected to the ‘Broker’ Website
As soon as I’d created my account.
I was redirected to the Prestige FM ‘broker’ and asked to deposit:
Image source: https://www.prestige.fm/deposit
3: Relentless Calls to Deposit Began Instantly
My phone began blowing up from calls from a ‘broker’ asking me to deposit.
I didn’t deposit.
And that was the end of my experience with both The Quantum Code and Prestige FM.
Conclusion: 3 Reasons Why The Quantum Code is a Scam
For obvious reasons.
I wasn’t going to risk my money to see exactly how I would be scammed!
But even though I didn’t get to experience losing my money first hand.
I believe that the evidence is sufficient to say that The Quantum Code is almost certainly a scam.
Without mistakenly ‘misrepresenting’ a legitimate product.
Here are the points that substantiate my argument.
1: Prestige FM is a Scam Broker
Although I didn’t deposit with Prestige FM.
There are plenty of others who did.
And they lost money.
You can see such reports here on Trustpilot.
(Although I’m suspicious of the people who also posted their email address offering to help others get their money back – they are probably ‘scam recovery expert’ scammers!)
Image source: https://uk.trustpilot.com/review/prestige.fm
2: Warnings From Reputable Sources
Like I said earlier.
The European Securities and Markets Authority (ESMA) banned the sale of binary options to retail traders on the 2nd of July 2018. [Source].
And the FCA (‘Financial Conduct Authority’) has said that:
‘If you are offered binary options, it is probably a scam’.
Source: FCA – Binary Options Scams
3: Get-Rich-Quick Red Flags
The Quantum Code’s sales page
- Unrealistic earnings claims;
- Fake social proof;
- Use of actors;
- False scarcity.
I’m reluctant to label a product as a scam simply on the qualities of the sales page alone.
Because I’ve come across some legit products that have used such marketing tactics to get people to join up.
But in light of the previous points.
The fabricated nature of The Quantum Code’s sales page is significant.
- Fits the model of a classic binary options scam;
- Others have lost money depositing with the Prestige FM ‘broker’.
A Legitimate Alternative
I’ve been using and reviewing online money-making products since 2007.
And unfortunately, the vast majority have turned out to be either very poor quality.
Or outright scams like The Quantum Code.
A small selection of strategies have worked very well for me.
And I’ve included them in my FREE online money-making course.
Click the button below.
And I’ll start sending you FREE lessons right away.