Code FiboIn this review of Code Fibo we prove that it is a scam that abuses binary options. It is presented by Professor Matthew Louise.

Louise claims that he has automated a binary options strategy based on Fibonacci numbers that wins 97 out of 100 trades. Thanks to this success ratio it can make you $6,900 per week on autopilot.

And because money is free (right?) in this world Louise is willing to give you his CodeFibo App for free.

CodeFibo scam

Code Fibo is just another scam that abuses binary options. It is designed to take your money and lose it.

Professor Matthew Louise

Professor Matthew LouiseLouise is in fact a fictitious character, the role of the Professor is played by an actor, a well-known scammer.

Professor Matthew Louise does not exist. Look at the picture, this same guy played the  role of the creator of the Virtual Income binary options scam.

That system lost a lot of money to a lot of people and now the same actor pretends to be a Professor and creator of CodeFibo.

Reviews and testimonials

TestimonialWe have already noticed that Code Fibo has fake reviews on some other binary options websites. Make no mistake, those websites publish fake reviews and get paid for promoting scams.

Also all the testimonials you can see in the CodeFibo video are fake, they were made with paid actors.

You can also try to click on any article with Professor Louise on the CodeFibo website and you’ll see that they don’t even exist, you will be asked to sign up for the trading system.

The truth

CodeFibo softwareSo how does Code Fibo work in reality? Scammers who created this system are affiliated with some brokers and they get paid for referring new depositing clients to these brokers.

And to make you deposit and trade with one of their partner broker they need you to believe that they can make you money. So they made up their Code Fibo story with Professor Louise…

If you sign up with them and deposit money, their system will lose your deposit in bad trades, that’s all.


Code Fibo is a very basic scam that abuses binary options. If you use it to trade, you will lose money.

Make no mistake, Fibonacci numbers can be a very useful tool to trade binary options successfully, but you have to build a proper strategy based on them. You have to do it on your own, scammers don’t know how to trade profitably. You can try to do it on a free demo account.

And you should start to trade with real money only when you are profitable on the demo.

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103 thoughts on “MANIPULATIVE SCAM: Code Fibo review

  1. I joined Code Fibo and funded my broker. The broker I was giving I have used in the past and they were fine. The problem I am having is the software hasn’t done any trades. Their customer support has yet to answer any of my emails. I can’t say if it works or not but I can say you get no help from them if you are having problems.

  2. I tried code fibo because the basic idea seemed credible but following their signals was only about 50%, which means a loser. Then I switched over to manual trading with their recommended broker Rumelia Capital and gradually built the account up to $2300. I resisted their pleas for free bonuses based on more deposits. Is that money really there? Also, do you know anything about the software Pips Wizard Pro?

    Thanks for what you do.

    1. Rumelia Capital is not regulated and they don’t even provide an address. I doubt you could withdraw anything. Pips Wizard Pro is in my opinion a Forex scam.

  3. Hi John ,

    I saw code fibo review on binary options anonymous , they said it was totally legit . Then I saw ur post and went to dig into it abit more further ..and it turned out your right , I gotta ask I have a bit of experience in technical analysis and was wondering where or who should I learn to trade binary options from?

    Thanks John for the post !

  4. Hi John, thank you for this review. I almost joined CodeFibo, luckily it was not offered here in the Philippines. What can say about BinaBot System? Again. thank you.

  5. hi i’m new to this as well. What is your best opinion on what companies to go with and what not to go with. I’m trying to save my family of a life long impoverished life please help .and marli seemed very convincing .

    1. Hi, I think there is no quick money in trading. You can learn how to trade profitably, but it can take months or even years. Some people may succeed quicker, but you shouldn’t count on it. Trade with regulated brokers only. And don’t search for robtots that will make money for you, they don’t exist.

  6. Thanks John. I kind of figured that’s where the money is coming from. Appreciate the insight. Really cool what your doing here will keep checking this page
    Thanks again

    1. Do you mean Tim Sykes? Is this the guy that appeared on Wall Street Warriors years ago? I remember him blowing accounts on penny stocks. I don’t know how he has evolved over the years, but the story I heard about him is that he makes money from teaching and selling his products, that as a trader he is not so successful. But that was some time ago, maybe he changed…

  7. Hi john i have found this other auto trading called millionare blueprint it sounds catchy n so far i haven’t found any negative feedback about but am afraid to join it cuz it has similarities of other scam webs can you please check if it legit or a another scam.

  8. Dear John,

    I am from Bangladesh, how can i learn manual trading? I have opened an account in iqoption yesterday. Please help me.

    Joyeta Joya

  9. Hello
    I myself have been conned Thank you for this can you check binary signals watch monitor for me and tradeo where you copy traders

  10. Hi John
    Could you please comment on PWRTrade and OptionBit as brokers?

    I joined Code Fibo who put me onto PWRTrade as the broker and I’m still waiting for a VIP access code after 2 weeks! Reading all the comments here I’m guessing I got scammed with this…

    1. Hi, PWRTrade is not regulated, so they can really do what they want. Optionbit is regulated, so withdrawals should not be a problem.

  11. Hi I opened an account with code fibo yesterday put in $500 turned it on at 1am NZ time as stated by Jasmine turned it off at 8.30am this morning after waking up hello I had $347 so we all have been scammed yet again there should be able to have these people for fraud as the are stating that you can make money if I took some ones money through this form it would be classed as fraud I will ring my bank an see if the can reverse my payments, then you get no stop phone calls from a broker who will help you make money an you guessed it deposit more money cause the more you have the more you will make hello yes they will make not you SCAMMED BIG TIME!

  12. Hi jhon, i believe you,I just tried code fibo and lost my intial investment of $250,I did lots of research before using it,but unfortunately the whole thing is a scam, when you start using code fibo,that auto trade option never actually works,I think code fibo is a franchise which makes money for the broker website and inreturn they give code fibo their commission, so as a matter of fact it is a well organised buisness and you even have to share your card details and your personal details with the broker who is assigned to you on a telephonic conversation luckily that my account does not have that kind of money,but still for safety reason i will block that card,they even demand photo copies of your proof of identity and some utility bill.I recommend whomsoever is watching this comment dont watch youtube and start using code fibo as,people who are are convincing you on youtube might themselves will be involved in the scam. If you love your money and your time do not invest in code fibo as it is not worth it from my personal experience.Thank you.

  13. Well, isn’t this interesting?
    I just found a website where you, John, was saying that Code Fibo was NOT a scam. You said it was reputable and trustworthy and could make you money.

    And now?? A complete turnaround? Now you’re saying it IS a scam? So which one of your articles do we believe?So, who’s the person that’s genuine here?

    I’m totally confused.

    1. Hi Debra, you are right, it is really interesting. Because I never publish anything outside this website, so if you found something elsewhere, it is not from me. Could you please tell me where did you find this comment attributed to me so that I know who is abusing my identity?

  14. Hi John– Could you recommend a legit system? I’m very new to this “trading” business. However– I would like to learn how to do it. Could you please point me in the right direction?

    1. Hi, I don’t think there is any profitable binary options robot. I believe that manual trading is the only way.

    1. Hi, I don’t know, their more or less anonymous, so it’s difficult. But maybe if people complain to relevant authorities…

    1. Hi, eToro is a regulated Forex broker focused on social trading. I think it’s safe, but I would demo for a long time before investing real money, because social trading can be very tricky. Basically it is very difficult to find consistent traders to copy.

  15. Hi John,

    I have been scammed in a big way by ZE-Binary signals . I joined their managed account service which promised huge returns after 9 months . My ba balance grew from 35k to 367k in 7 months. My account was traded on ok-options broker platform. On 13.9.16, got message from ZE saying that they are transferring my trading to Trade Market auto trader where trading will continue for one month and then ZE website would be ready with security features and back to trading on ok-options again. On 14.9.16, my balance of 329k was transferred to TM. Until 13.10.16, trading went on and my balance grew to 367k. On 14.10.16, TM website had a message thAt it was under upgrade and would resume shortly. There was not prior notice given. On 17.10.16, email came saying the upgrade would be completed on 19.10.16. On 18.10.16, TM account manager Cameron came on Skype around 12.06 GMT to say the trading started at 5GMT on 18th oct. when I checked my account, my balance is 32 dollars. They placed more than 3000 trades between 5-9 GMT and wiped out all the balance. I wrote nasty emails. Why should they bother to reply. I get the feeling it is a well preplanned operation of all three -ZE Binary Signald, Ok-Options and Trade Market. All 3 are quiet. My hard earned money is gone down the drain. Pl alert and caution your customers not to deal with these 3 even if they come back with a different name.

  16. Yup, as has been mentioned, these sites promoting this rubbish are all the same. I also almost got dupped with all the positive comments going around on quintup and the like about how great this code fibo is. In fact I signed up for code fibo, was assigned the Banc de Binary broker which is pretty well known, but was still skeptical so I did a quick google search about them and 2 worrying and recent headlines later about their practices, I decided not to pay the deposit. The urls are: and and all the negative comments on the recent posts of . I also posted this concern on a 2 positive review sites but the posts never saw the light of day. Please people, make sure to do some thourough resaerch before GIVING AWAY your hard earned money.

  17. Hi John.
    Thanks for reading your reviews. It has saved quite a lot of lives and still saving. However, I am particular about Auto/copy traders apps. Can you try testing these Binary trading apps and give your review for the community. With the nature of my work schedule, I need a service that will unto-trade my account or provide signals to me. Lastly, aside making money by trading binary options by oneself, do you know of any services that offer investment in Binary Options that is worth a try?
    Also, lastly, what’s your verdict on :

    1. Hi Charles, in our reviews we cover as much binary options systems, autotraders and signals services as we can. So far we have never seen a free profitable system, they are all scams. It is normal, because there is no free money. I believe that the only way to profits is manual trading. Starting on a demo, testing and learning until you become profitable. And lastly see our Signals365 review.

  18. i registered 2 weeks ago and they gave me secured option trader, did 20 trades from which 7 were successful and 13 were not; so until now i lost about 170 Euro. for me it didn’t work even if i used their proposed strength and hours

  19. Thanks….. you saved me from loosing money with Code Fibo, I was about to sign up after reading good reviews from Jasmine Steve now I know she is a scammer. What is your opinion on PlusOption, I have been struggling to withdraw my money for 7 days now?

    Also, is there studying or a manual you recommend for us to learn manual trading?

    1. Hi, it seems that PlusOption is not regulated, so the risk is big. Concerning manual trading, I think there are a lot of Forex resources that can be used for binary options, like

  20. Just signed up with €250 two days ago after watching marili YouTube video…I suspected a foul play when I was comparing the screen setup on my code fibo page on my phone and on laptop…one showing to put while the other is showing call on the same commodity…Will try and see if I can withdraw my money back

  21. Glad I found this site. I thought binaryoptionswatchdog was legit and found it strange that I lost over $1000 trying out all of their recommended auto traders. I found it funny that when I would post my negative reviews they never showed. Now I know why. I’m in the USA and get confused with Nadex. Do you have an opinion on

    1. Hi, I think Plus500 is a pretty decent Forex broker. But beware of Option500, similar name, but it is a binary options broker that we hear a lot of complaints about.

  22. Thank you so much for your reviews, I was about to sing up to CodeFibo again, checking out the third party trader first but obviously there is no point. Lucky me. Somehow we need to reveal these facts over this scammers not to let other innocent people to fall for these scams. It is unbelievable that Marili and Binaryoptionwatchdog is recommending the same scammers.

  23. Hi I have opened my account a month ago and the autotrader would not place any trades for me. My broker said codefibo has to activate it. I have been emailing them and no answer… any advice?

  24. Tremendous reviews, you’ve probably saved me a lot if miney by exposing these cheats, thanks. What are your thoughts on Michael Freeman’s Facebook Group?

  25. thank you very much for your review. I’m about to sign up in; infact i signed up previously in after reading Jasmine Steve blog and I lost my US$250. After reading all comments in your blog, I immediately un-follow quintup blog (what a waste). Thanks again for saving us by not falling into these bloody scammer trap.

    1. Hi, in Europe one of the best brokers is Dukascopy. In the US I think you can try Oanda for example.

  26. So i therfore conclude..that this fake reviewer like dog…thanks to this review…we have to be vigilant other.people may not fall
    To this scammers.. Expose them.bad karma to all who.or helping or use as accesories for this…

  27. Hi ,since you say code fibo ,citidel,and most binary options are SCAM.Which is the BEST binary options can you recommend as best and legit.ONES WE CAN MAKE GOOD MONEY WITH.

    1. Hi, unfortunately I haven’t seen any profitable binary options robot or signal service. I believe manual trading is the only profitable way. Free money (=free binary options robots) does not exist.

  28. Hi John. Have you check on Binary Options Auto Traders? Are they reliable? I really appreciate your honest feedback. Thank you so much.

  29. nice review what you thing about 500 daily payday. i was researching it on google but i cant find anything about it. do you thing its a scam? its not a binary option but i would like to know your opinion on this.

  30. Hi all, i have been trading demo on iqoption…are they a scam? Anyone who is trading with them now? John ur view?

  31. Hi John. Appreciate your review. I had planned to activate Code Fido, but my credit card is not with. I am so lucky to come across your review. What’s your opinion on 24options and Binary De Banc. Are they scam too. Do they go on auto pilot?

    1. Hi Nora, 24option got banned in France and I have heard several complaints about them, so not a good broker in my opinion. And Banc de Binary is even worse, a lot of complaints, espacially about their agressive employees that promise you a lot of money from their investment tips, but in the end you lose everything.

      1. Thanks John. So now if I want to trade in Binary Options which brokers do you think most reliable? Any recommendation? How about Boss Capital?

  32. Neo2
    Auto Binary signals
    Are any of these legit, I haven’t looked up reviews for option robot yet but I’m getting mixed reviews for the other two

  33. John Novak, thank you for this honest appraisal of CodeFibo. Another tip for recognising this as a scam is that it is supposedly a limited time offer. When I looked yesterday, 19 September, the offer was to due to expire today, 20 September. When I looked today, surprise, surprise, the offer is due to run until tomorrow, 21 September. My guess is, if I look tomorrow, the offer will run to the next day and so on. Also, it is sold as a free offer – 90 day free trial, no credit card details taken – but of course a minimum of $250 is required as an initial deposit. (No doubt this is non-refundable – that’ll be in the smallprint somewhere). If it was as easy as hitting autopilot and then heading off to play golf, as they claim, why would anybody only work three hours a day? Surely it would be better to leave it on 24 hours a day and earn eight times as much! . As is mentioned in a previous comment, if something sounds too good to be true, it probably is. Keep up the good work in exposing these type of scams and the tricks they use, (e.g. the supposed impartial third-party review sites).

  34. ok , i just read binary 5 from your website…another dud.

    I have another one though… that promote 60 sec bollinger strategy..again lots of positive comments, people making profits….have a youtube channel too. what is your opinion?

      1. If you leave comments and ask them why other sites labeled their software as scam, they wont reply or post the comments but if you say you make a proft , you will see the comment published. Geez. So i guess thats one test to see if they are legit.

  35. Have you used any auto trading software that works? I searched in your site to see if you mention or recommend a reliable and good auto trading software, I found none. Is there no good and reliable auto trading software that is not a scam? I am a newbee and I want to avoid any possibility of losing my money.

  36. Hi,
    Can anyone who have used/ or who is using codefibo software currently, tell if the software is a scam or not? If u haven’t use it, pls don’t comment. I need a answer from genuine user of this autotrader.

  37. Another thing you can check if binary review site is fake.

    Try to leave comment on comment section end of their review site. It won’t post right away. They have to read it first then post if not harm their intent.

  38. Thanks for your honest review.

    Few sites say Code Fibo is %100 regit such as:

    All above sites paid by scammer? is written by Jasmine Steve and very convincing and sends me all new scam binary option by email. So I thought her recommendation such as Copy Buffett which I purchased minimum of $350. The broker was and they insist me to start $10,000.00 so I can make real profit. I told them I will research before I commit. After 3 days of auto pilot (robot) my balance was $310. Success rate was less than %50.
    Then I saw your post and withdrew all my money today. Currently payment is on pending status and hope I get it back on my credit card soon.

    Only regit binary option site I found was Nadex Binary Option station at USA. They have demo so I am trying to learn
    their system.

    Let me know if you think there are regit binary sites.

    1. Yes, Binaryoptionswatchdog, Besttbinaryoptionssignal and Quintup are scam websites. They promote scams for money. Did you notice how they look the same, all using the same banners for Copy Buffett etc. They probably are run by the same people.

      1. Hmm, interesting you say that because I asked two questions one on Quintup and another on bestbinaryoptionssignals and they both use the same comment system and same email confirmation process. There using the identical tech which I found strange and found some strong similarities between the two sites which may very well be the same person. That Jasmin Steve may not even be a real person, Id say its actually a man and uses a fake name and photo (quite attractive) to deceive people as a women who may seem more trust worthy. Not to be sexist and sure its possible but how many women traders are there out there? Its like 1-2%. Usually when something sounds too good to be true it usually is. I just find it hard to wrap my mind around the concept that all you have to do is deposit $250 and click an “auto” button and watch the profits come in. $250 will buy you $7000 a week on auto pilot? Come on! I also noticed on one site (cant recall which, been to so many) where the first comment said something like “I dont think this is going to be free for long because its worth $$” which is a bit fishy and id say an insider job to get sales. Lets not forget EVERY one of those site promoting code fibo is whats called an affiliate and they get a nice cut from each referral sale. You guys may also want to see this , those testimonials are all fake and the people in the videos are paid actors which is just so obvious and cringe worthy that its just not even funny. On a final note which just come to my head, that apparent Jasmin Steve from Quintup recommended signals page , this one claims every one of those products has a +80% success rate. O really ? There all that good but code fibo happens to be the best because its “the latest and greatest”. In retail they always promote the latest product as the best.

        1. Exactly, over the time these scam websites like Quintup have promoted at least a dozen of free binary options programs that were supposed to make everybody rich. If only one of those programs worked, there would be no need for others. We all would be rich and there would be no need to do review websites…

      2. Hi, there are also a girl called Marili and has Youtube video posts about CodeFibo and she is posting reviews about scamming websites like Binaryoptionswatchdog. She has recommended Tradorax. I have checked them and was a lot of bad review about them, and I have asked her how is this possible. She still recommended them after confronting her with the facts through emailing. She is posting videos how profitable is CodeFibo and how she has made 1000$ in 2 weeks. It is very annoying. I have thought that these watchdog websites are legit. It is a sane. I was signed up to CodeFibo and got signed in to and they are just dreadful. Their CodeFibo auto trade sowftware are not working. Never did I think. They kept promising me it will going to work next week, they are checking it out etc. I would not recommend them at all. I am expecting my money, but it is difficult. I only got back 215$ today and I have to wait again another 7 working days to get my majority of my money. Avoid them!

        1. Hi Betti, unfortunately the vast majority of binary options reviews websites is fake. They expose some scams to gain credibility, but then they endorse some other scams through affiliate links to make money.

  39. If your site is saying that iq options is the best broker then i have to say that your site is total scam.!!!
    Be aware people of this site!!! and don’t listen what they are saying.

    1. We base our list of brokers on feedback from real users. So far we have not received any complaint about IQ Option, only good feedback, especially because unlike the majority IQ Option prvides an unlimited and free demo. If you have had any problems with this broker, please provide us with information and we will investigate it. We will remove any broker from our list that is dishonest.

      1. John,
        I thank u foy your blog. However i find it difficult to believe when u have twice refused to condemn IQ OPTIONS yet this is a scam ran by a russian lady scammer called Svetlina. I recommend everyone to just google “i q option complaints” and read abt the pissedoff customers.


        1. Luis, IQ Option is a regulated broker and we have never received a single complaint about it. Because it is a regulated broker, anybody who feel not treated right by the broker, can complain to authorities to have their case evaluated by a third party. Also anybody can complain to us and we will investigate it. If we find that a broker is doing anything wrong, we will remove it from our list of recommended brokers. Concerning complaints on other websites, we cannot investigate them, because we are not in contact with those people. Unless someone contacts us directly, it is difficult to know what a complaint is really about, because in the binary options industry there is a lot of fake reviews and complaints (competition, frustrated traders, etc.). For me personally IQ Option is the most honest binary options broker that I have seen so far. One of the many parts of this honest approach is a free unlimited demo that is still very rare in this industry.

  40. Hi.
    Very interesting!
    But thats not what
    writes on hos blogg on this mutter.
    How come?

      1. Yes ,your rightI believe 99℅ of these reviews like” watchdog”S are scammers promoting other peoples scams.I was taken for $300 buy Copy Buffet software,the forced me to use a bad broker that doesn’t pay Americans + there signals wher bad.Auto traders are 99℅scams,any body know one that really is not a scam?

  41. John, thanks for this. Almost got taken by Jasmine Steve pitch but googled her and found you. Are there any books you can recommend on binary options trading? Also, I trust that if there were actually a legitimate system sold, you would say so, correct?

    1. Hi, I haven’t seen any binary options book from proven traders like you can find for Forex, stocks, etc. Usually when somebody is trying to sell you anything within his book or to push you to a certain broker, it is a bad sign. And the same applies to trading robots and signal services, I haven’t seen any that would be worth using.

  42. Why do people who have been scammed not bring up a class action lawsuit against these scum bags and put an end to this once and for all.

    1. I guess there are two reasons. 1) Lawyers are not cheap. 2) Scammers who create these trading systems remain anonymous, so it is difficult to find them. And I’m sure they hide in countries where it is difficult to bring them into justice.

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