Detailed review of the binary options broker AlldayOption: traders’ feedback and trading conditions.
**Detailed review of the binary options broker AlldayOption: trader reviews and trading conditions**
The binary options broker AlldayOption is a European company that is currently blacklisted by many investors. As of January 1, 2018, it officially ceased its operations. Negative reviews from deceived traders continue to come in about the firm. During its peak, alldayoption.com offered questionable trading conditions and a limited set of tools.
There is very little information about this company as it is not popular among Russian-speaking traders. In this review, we will look at reviews from deceived clients and the fraudulent scheme that the company AlldayOption operated under.
Detailed review of the official website of the binary options broker AlldayOption
The alldayoption.com website did not meet the standards of quality visualization. There were no mentions of having certificates or a license regulating the broker’s activities. The platform offered standard categories but lacked a section with user reviews. The absence of a demo account could confuse beginners.
The bonus system offered by alldayoption.com raised suspicion. To withdraw the gifted $100, one had to place bets totaling over $5000.
Review of the trading conditions of the company AlldayOption
- The minimum amount to start trading was $100.
- Bets started from $25.
- Round-the-clock Russian-speaking technical support was available.
- Over 200 assets were available.
- A request for a demo account could be made through technical support.
The company did not offer competitive advantages, and the trading conditions, on the contrary, could confuse clients.
Verification process on the platform alldayoption.com
The registration procedure was simple – users provided their details: full name, email address, country, city of residence, mobile phone number. Passport scans or SMS codes were not required for verification.
Review of the technical support of the company AlldayOption
The alldayoption.com customer support often received complaints from clients due to untimely responses or complete lack of feedback. The operators were fluent in Russian, but the quality of service left much to be desired.
Review of the guarantees of the broker AlldayOption
The company did not provide official guarantees and did not take responsibility for the safety of funds. The platform did not have a licensing agreement, shifting all risks onto users.
Review of educational materials
The broker provided almost no educational materials, analytics, or expert articles. The “Educational Center” section contained only brief information about binary options. This made alldayoption.com unsuitable for novice traders.
Trader reviews of the platform alldayoption.com
Many negative reviews indicated the company’s dishonest work. Clients complained about the inefficiency of consultants and fraudulent schemes.
Review of the drawbacks of the binary options broker
- Lack of a demo account.
- Dishonest technical support.
- Delays in fund withdrawals.
- Many negative reviews from traders.
- Poor advice from consultants.
- Lack of affiliate programs and questionable bonuses.
- The firm is not regulated by international laws.
Summing up about the company AlldayOption
The company AlldayOption turned out to be dishonest and opaque. Many negative reviews, fraudulent schemes, and lack of communication led to its appearance on the blacklist. Leaving behind many questions, the company did not last long, disappointing many traders.
Author: Alina Maimistova
Also read: Review of the suspicious broker Binomax and reviews from affected traders.