Binary broker scam Trade Option: review and victims’ feedback
Trade Option is a binary options broker that offers a modern trading platform, educational opportunities, and promises security and favorable conditions for traders of any experience level. The company has two websites – trade-option.net and trade-option.cc, which raises suspicion among some users. We conducted a review and examined feedback where users share issues with the company. Let’s delve into the details and try to understand what is really happening.
Main information about Trade Option broker
Trade Option offers several types of options on its trading platform, such as High/Low, High/Low Spread, Turbo, and Turbo Spread. However, some information about these instruments is not available on the main page, which may cause difficulties for traders. Additionally, there are no mobile applications for iOS and Android, which could be inconvenient for some users.
Trade Option collaborates with Reuters agency to obtain real-time data from financial markets. The company ensures clients’ fund security through a separate account not linked to the broker’s operations. However, the website does not specify details about fund storage and compensation procedures in case of issues.
Regulation of activities
The website displays a certificate from the FSC regulator (Republic of Mauritius), but authenticity verification of this license on the regulator’s site yielded no results. This may raise questions about the company’s reliability.
Contact information
Trade Option’s main office is located in London at 20-22 Wenlock Road. A contact phone is available: +44-2035192532, and the email for inquiries is support@trade-option.net. However, some users note the absence of clear signs of a serious financial company at the provided address.
Account types
The site presents four types of trading accounts with different conditions and minimum deposits. However, detailed information on professional training, trading signals, and other crucial aspects is not provided, which may lead to misunderstandings among clients.
Deposit and withdrawal of funds
Trade Option offers various methods for account replenishment, but the fund withdrawal process requires verification and may take up to five business days. The withdrawal features may cause dissatisfaction among some users.
The description of the affiliate program also lacks specifics on cooperation terms. Moreover, the registration process and basic trading platform may raise suspicions among traders.
User reviews
Various reviews about Trade Option can be found online where users share their experiences. Some reviews highlight issues with fund withdrawals and customer service.
Conclusion
Trade Option presents a questionable interest for traders considering some problems with information, licensing, and cooperation terms. It is recommended to carefully examine all aspects of the company before deciding on collaboration.
Author: Sasha Chaika
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