The Royce Code is a binary option auto trading scam which has already done its rounds and for some reason, it is still online, potentially making victims out of some of the gullible people who are unfortunate enough to happen over it. Indeed, The Royce Code is like the grand-pappy of auto trading scams. It has been online for what amounts to eternity in this vert, and it has made countless victims already. The downright toxic community vibe which surrounds it, is living testimony to its “success”. The complaints about the scheme are numerous, so one doesn’t really have to be an expert to tell what he’s dealing with. In fact, there are scam reviews about other products out there which reference The Royce Code, pointing to it as a prime example of a dangerous scam. Still, people apparently continue falling for Richard Royce’s lofty promises and badly delivered boast-fest.
If someone fails to read into what the community has to say about this scam, nothing’s lost yet. The site where the Royce Code “offer” is hosted and the promotional video meant to hook the victims, all scream “scam” from a mile away. Currently the website is using the domain Royce-code.com, which is brand new and highly suspicious, also from a Malware stand point upon a quick scan.
First of all, the name Richard Royce sounds made up. If there ever was a made up name, this one is it. Royce is obviously a reference to Rolls Royce, a hunch further strengthened by the way information is displayed on the home page of the scam. The letter R positioned in a way that’s obviously meant to reference the Rolls Royce logo. Exactly why scammers seem to have this obsession with names and symbolism depicting not only wealth but fame too, is unclear, although they’re probably hoping that it lends some sort of legitimacy to their shady dealings.
Annoying and frequent pop-up on the Royce-code.com scam site!
Richard Royce, the alleged CEO and founder of the Royce Wealth Group (the “company” behind the Royce Code), starts his video in a Maybach, which is obviously rented. The driver is a hired actor, as is – at the end of the day – Mr. Royce too. After some cringe-worthy interaction, the two arrive to a rented mansion, which is apparently the home of the fictitious Mr. Royce. There, the actual presentation begins, but not before some random testimonials are shown, one of which features an actor who “starred” as the CEO and owner/developer of another scam auto trader, in a different scam video. The pool of actors scammers can resort to is obviously limited.
So what do we learn from the actual presentation Mr. Royce is kind enough to provide? First of all, we are told that his company, Royce Wealth Group, handles some $2 billion in investor assets. This is an obvious lie. There is no Royce Wealth Group and yes, they may as well have said they’re handling one thousand kazillion dollars…it would hold just as much water as their actual claim. The resounding success of the Royce Wealth Group is apparently due to all the skillful trading they are doing. As Richard Royce says, they have learned how to pillage the markets. This fictitious knowledge has apparently been translated into a magic algorithm, developed over 18 months, which is capable of winning a lot of trades…in fact, it can probably win 100% of its trades. This is a classic giveaway claim: not even the most successful trader in the history of trading can boast 100% success rates.
This insurance angle provided by Richard Royce is supposed to be the unique selling point of this scam. It makes it different from other similar auto-traders and it sounds interesting and trust-inspiring. As such, one would obviously like to know specifics about it. All Richard tells us though is that there are certain 3rd party insurers who have insured the money, regardless of the amount of one’s deposit. Obviously, pondering what sort of insurer would get involved with an operation like Royce’s, is an exercise in futility. The only sure thing in this scheme is that the scammers will pocket the money.
While talking a lot and not really saying much, Mr. Royce doesn’t forget to dangle the fruits promised by collaboration with his outfit. The usual greed-exploiting (as well as boring and cover-blowing) twists are employed. Urgency is created in the usual manner as well. Seemingly, there’s just one available spot aboard the Royce gravy train, but interestingly, that one spot is never taken. Royce says that only 15 people will be lucky enough to gain access…there are however several times more scam complaints about them out there. That alone should ring a bell.
Once one provides an email address, he is taken to an actual sign-up page where further details need to be provided. On this page, there’s another video, with Royce spewing more of his scammy nonsense. There’s also a countdown timer here, which is set to 10 minutes and which supposedly shows the validity of the offer. Royce even says that after it reaches 0, the deal voided for the person looking at the page. Interestingly, after a refresh, the 10-minute timer is reset and behold: the offer is yet again valid.
The bottom line: The Royce Code is a classic scam. It is one of the best-known scams in binary option trading. As such, one may argue that it’s successful. This sort of “success” though has been built at the direct expense of those ignorant and gullible enough to fall for such a set of shoddy lies.
Review Verdict: Royce Code is a Scam!
Blacklisted website – Royce-code.com
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