Studying 7option Company: Detailed Analysis
7option presents itself as a binary options broker, however, the reality may differ from what is claimed. Despite the company’s long history, only negative reviews have emerged, raising suspicions of possible deception. Before drawing conclusions, it is important to study the legal basis of its operations and terms of cooperation.
About 7option’s Parent Company
The web resource 7option.com is not appealing in terms of design and content, mostly available in Uzbek and English languages. According to information, Sovana Holding PC stands behind the company, registered in the offshore zone of Saint Vincent and the Grenadines. The site lists the certificate of incorporation number 8888 IBC 2019, but its authenticity cannot be verified due to a closed registry.
User reviews indicate that financial scammers operate on this platform, posing a risk to traders due to lack of protection.
Location and Legal Basis
Interestingly, the office of 7option is in the UK, yet upon verification of the address, it is found to be registered to numerous companies, none of which are the one in question. The organization has no intent to operate in the UK or Russia. The actions of Sovana Holding PC, permitted by CRFIN, raise doubts.
Registration and Cooperation Terms
The registration process on the 7option platform is simple, but according to feedback, novice traders encounter dishonest terms. The company demands a minimum deposit and sets a high payout threshold, leaving clients unable to withdraw their funds.
User Reviews
Clients note dishonest practices and the absence of favorable cooperation opportunities with 7option. The company behaves unfairly and fails to provide reliable trading conditions.
Deception on the 7option Platform
7option offers attractive bonuses, but actually deceives clients, depriving them of the ability to withdraw funds. It is recommended to avoid cooperation with this company.
Conclusion
Do not trust the promises of 7option.com – it is a fraudulent company aimed at enriching itself at the expense of its clients. Working with such organizations is risky and does not benefit traders.
