Reviews and Overview of the Options247 Broker: Scam Scheme
The company Options247 self-proclaims itself as a major binary options broker for professional traders. Their website promises convenient and secure work on their own trading platform, technical support, and fast fund withdrawals. However, online, negative reviews about this organization are mainly encountered. Therefore, our review of options247.net is aimed at clarifying the truthfulness of user comments.
First Impressions of the Site
Upon analyzing the website options247.net, it becomes clear that the design is based on a ready-made template. This fact suggests that the goal of the scammers hiding behind the Options247 company is primarily profit rather than creating comfortable conditions for users. The content on the site also raises doubts.
Registration and Regulatory Activities
It is noted that the company, according to the broker itself, belongs to Namelina Limited and is registered in the offshore state of Saint Vincent and the Grenadines. However, according to customer reviews, this Caribbean island is mainly where fraudulent enterprises are opened. The company’s address is stated as Suite 3, Beachmont Business Centre, but when checked in search engines, no data was found. Some reports indicate that Namelina Limited ceased its operations back in 2018.
Scam Broker Fraud Scheme
We offer a review of the fraudulent scheme to avoid deception. Options247 seeks to attract people looking for easy money online with minimal knowledge. The broker offers support to newcomers, invests funds on their behalf, and offers earnings on a trading robot, sharing profits in a 60/40 ratio. However, the platform is not tied to the financial market and creates an illusion of successful trades.
Review of Trading Accounts and Conditions
Broker Options247 offers 4 types of accounts: New, Bronze, Gold, and Platinum. The minimum deposit amounts and working conditions may not correspond to the stated ones. The bonuses and services provided are also subject to doubts.
Review of Reviews about the Options247 Broker
Many negative reviews about the service options247.net indicate the status of a dishonest organization. Users share stories of deception, confirming the unreliability of the broker’s statements.
Conclusion of the Review
Based on the analyzed information, we can assert that Options247 is a typical scam whose goal is to involve users in a financial scheme that does not allow for profit withdrawal. Pursuing legal action is impractical as the company does not comply with legislation. We recommend refraining from collaborating with this organization.
Author: Victor Saltykov
