Last Updated on July 13, 2022 by Stephan Lindburg
Heads up everyone! There’s a new scam in town and its called NFT Code. NFT Code is advertised as a new automated trading technology which is used for exploiting margins in smart NFT contracts. The person who is reportedly behind the NFT Code scam trading app is named Christopher Chandler. In our NFT Code review we will prove why it’s just another cloned website and fraudulent investment platform. But before we even get started, it’s important to mention that NFT Code has nothing to do with digital art, price-forecasting, blockchain, or AI technology.
There are some affiliate websites saying that this software has an accuracy level of “99.98%”. These are what we refer to as blatant lies, since it’s simply not possible to achieve these levels of success. If it was true we would be seeing new millionaires being interviewed on a daily basis, and that’s not happening.
This also helps us understand who is really orchestrating this sham. As we suspected, the real crooks here are affiliate networks and media agencies who are conspiring with offshore CFD brokers. The affiliates are the ones who refer the victims, and the brokers pay them a commission for every paying client. This type of deal is referred to as “cost per acquisition” or CPA, and it is very common in the Forex and Gambling industry.
NFT Code Brokers
When we registered to conduct our £250 deposit test, the broker which we ended up with was named “Coin Capital”. This broker has a registered business address in Manilla Philippines. The Philippines are a well-known legal jurisdiction for scammers and con-artists who operate below the radar. The fact that Coin Capital is totally unlicensed, coupled with the amount of complaints we received regarding inability to withdraw funds paints a pretty grim picture.
So if you believe that this trading software is a legitimate platform, we suggest you take a minute and read our NFT Code review. Our staff has gathered some very compelling evidence which sheds light on this obvious get-rich-quick scheme.
Official Website, Login Page, and Members Area: There are several NFT Code websites. They all claim to be the “official app”, and they are all equally fraudulent.
- 1 Scam Evidence
- 2 Who Is Christopher Chandler?
- 3 Is A 99.4% Accuracy Level Possible?
- 4 Fake NFT Code Reviews
- 5 NFT Code Fake News
- 6 What Is NFT Code And How Does It Work?
- 7 NFT Code Review. Thieving App Or Exceptional Investment Platform For Smart Contracts?
- 8 NFT Code Dashboard, Signals, and Strategies
- 9 NFT Code Deposits and Withdrawals (Cashier FAQ)
- 10 Is NFT Code Compatible With Any Exchanges?
- 11 Regulation Check
- 12 Safety and Security
- 13 Anonymity Versus Transparency
- 14 Bonus Structure
- 15 NFT Code: The Verdict!
Below you can see the main sales page and registration area of the NFT Code scam website. Please notice the bespectacled man at the center of the sales video.
Who Is Christopher Chandler?
Now take a look at the images below. Christopher Chandler is not a software developer. He is an image bank actor and we found him posing on iStock. The whole story about how he climbed the corporate ladder and believes that non-fungible tokens are changing the world is a lie. Chandler never “juggled” a range of digital assets and made a “shocking” $29,853.56 a month. These are just more lies designed to make the narrative more believable.
Is A 99.4% Accuracy Level Possible?
At this point we’d like to refer you to the NFT Code FAQ section. If you take a look below at the section we highlighted for you, you will see that these liars are claiming that this trading platform offers a 99.4% level of accuracy. This is another blatant lie. That’s because no trading app can reach these numbers, and that’s a fact.
Fake NFT Code Reviews
We have already seen a multiple fake NFT Code reviews. These reviews are published by affiliate networks specializing in promoting cryptocurrency schemes on search engines such as Google or Bing. We encourage you to seek genuine review websites that don’t endorse every system they investigate. It’s both improbable as well as illogical that all systems are profitable. If that was the case then we would be seeing a lot more crypto millionaires and we all know that’s not going to happen any time soon.
NFT Code Fake News
We have already seen a few fake NFT Code news articles that are getting viral. The one we saw featured Tesla CEO Elon Musk, but we know that scammers are also using Amazon Chairman Jeff Bezos, Martin Lewis, and Holly Willoughby. Other high-profile politicians and wealth gurus such as Richard Branson and Andrew Forrest are also constantly being used as fake celebrity endorsements. If anything seems fishy or illogical to you just let us know. We will tell you immediately if what you are looking at is fake or real.
What Is NFT Code And How Does It Work?
NFT Code is advertised as a cross-platform automated trading platform for high-reward investments in cryptocurrencies. The app uses “asymmetric price forecasts” in order to exploit margins in contracts expiries in milli-seconds. According to the NFT Code sales page, the system “aligns investors” predictions and generates massive ROI while keeping “investments safe”. In other words, it has a risk mitigation algorithms that reduces the influence of price swings.
NFT Code Review. Thieving App Or Exceptional Investment Platform For Smart Contracts?
NFT Code is copied from an older scam named “Bitcoin Code” which you may have stumbled into previously. The con artists are now using a more updated format which focuses on NFT’s. The cheaters are saying that their new app knows how to offset volatility-related price swings by implementing smart contract algorithms. These algorithms reportedly use advanced artificial intelligence as the core technology which powers the app.
That’s the official sales pitch, but we happen to disagree with all of that rubbish. If you take a look above you can gain a better understanding of how the scammers think and operate. NFT Code is basically a rehash of an older scheme as we have mentioned previously. The design and names have been altered in order to meet certain marketing requirements, but in essence this is a new take on an old scam. Any child can see spot the fake, even from a distance.
NFT Code Dashboard, Signals, and Strategies
The NFT Code scam app does not offer anything which remotely resembles a trading dashboard. Usually we see a signals panel with strategies or indicators like MACD or Fibonacci when testing a new app. This time we came up empty handed and irate.
Contract Execution Times
Buy and sell order execution is clumsy at best and most likely rigged. We experienced significant lag from the minute we issued a buy order until the start of execution time. Additionally, the expiry time was also off the mark as delayed loading times seemed to be a recurring issue.
NFT Code Deposits and Withdrawals (Cashier FAQ)
New members wanting to fund their trading account will find doing so is very simple. A wide array of depositing options will be made available to them. These include credit cards, wires transfers, and cryptocurrency deposits. The problem is what happens when you wish to withdraw your funds.
That’s when all the trouble starts, and we know that to be a fact since we were stonewalled multiple times under various pretenses and excuses. We weren’t very surprised since that’s the issue which prompted this NFT Code review and investigation in the first place. Still, it’s always frustrating when some offshore broker refuses to let you cash out.
Is NFT Code Compatible With Any Exchanges?
No. NFT Code is not compatible with any of the large exchanges such as Coinbase or Binance. There are some websites who try to convince viewers otherwise, but that is a lie. If you see anyone trying to sell you these lies simply refer them to this review and demand an explanation.
NFT Code is neither patented nor regulated in any way. We checked with a few of the licensing authorities such as the FCA, ASIC, CySec, and BaFin. The app is not listed there. We also checked the terms and conditions section. We found out that the NFT Code is tied to CFD’s or contracts for difference. That means it has nothing to do with a legitimate NFT marketplaces like OpenSea or Nifty Gateway.
It was also very clear to us the no ISO certification was available either. ISO means that the company is compliant with guidelines as set by the International Organization for Standardization. This type of certification provides the framework regarding all aspects of the software life-cycle from start to end, and NFT Code doesn’t have it.
NFT Code is simply an updated version of an older cryptocurrency scheme. Christopher Chandler is an alias, and the app is illegal and completely rigged. Avoid it!
We also looked for the privacy and confidentiality of information clauses. The scammers specifically state that they reserve the right to refer personal information of new registrants to third parties. That means you will definitely get spammed and solicited by all kinds of dodgy service providers who will try to sell you bottled air at reduced rates.
Safety and Security
When if comes to security having a usual 228 Bit SSL certification is simply insufficient. Our staff checked for PCI Compliance protocols, firewall settings, and we also ran a Virus check. In one version of the software we found malware which was being downloaded without permission. Fortunately our anti-virus software stopped it, but we still had to go over all our files and make sure they were not infected.
Anonymity Versus Transparency
As you can imagine this trading app is completely anonymous. There is no ownership structure, product roadmap, or anything regarding the developers and where they are based. This speaks volumes about the authenticity of this software.
Don’t worry about taxes related to the NFT Code scam. Taxes are paid on profits generated, and we already know that NFT Code is a losing software so taxes are the least of your worries.
|NFT Code||Comparative Data|
|Technical Specs||No technical specifications are provided.|
|Ease Of Use||There is no software so usability is based on broker trade settings.|
|Licensed / Regulated||This is an illegal scheme|
|Customer Support||There is no customer support. Period!|
|Minimum Deposit||The usual. €/$/£250|
When we registered we had an account manager named Lloyd Hanson call us up and offer us a very nice bonus package. Unfortunately for Lloyd, we know that bonuses have strings attached. Anyone accepting a bonus needs to meet the trading requirements, and in this case it was 35 times the deposit plus bonus. That means it’s practically impossible to withdraw your money since most people will never meet the criteria for withdrawals and end up losing their money.
If you are offered a bonus deal make sure to decline it in a way which can’t be disputed. Speak very clearly, plainly, and document all your communications. Scammers like to give you “gifts” without your consent and that makes it practically impossible to cash out.
If you are in the market for a genuine trading app then look no further. Our staff of internet sleuths are in constant search of profitable systems. Once we identify a software that has potential we test it by investing and risking our own money. If the app generates consistent profits we add it to our recommended section and make it available for our viewers and subscribers at no cost.
NFT Code: The Verdict!
In our NFT Code review we blacklisted this fraudulent trading software after trying it ourselves and losing our money in a matter of minutes. Christopher Chandler is an alias that was created by scammers in order to make their phony app appear to be more authentic. The software itself does not exist. Now we know that the NFT Code scam is just a fancy website that redirect users to a sleazy CFD broker.
From that point on the broker “owns” you and they will do anything to get you to invest. If you require additional information or alternatively have a different view regarding this software, please reach out and message us. We typically respond within a 24 hour time frame during working days.