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ActiveOption Trade Review - is it scam or safe?

ActiveOption Trade Review - is activeoptiontrade.com scam or good  forex broker?

RATING: 1 / 1 REVIEWS ForexBrokerz ActiveOption Trade
ActiveOption Trade is an offshore broker. Your money is not safe.

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Trading Accounts and Conditions

 

Investment plan Min. deposit Max. leverage  Spread
Standard  $100 N/A N/A

 

 

ActiveOption Trade presents itself as a cryptocurrency trading venue, but its website lacks key information on the entity behind the brand, as well as on the trading conditions. In this review, we will attempt to shed some light on this dubious broker’s services, so make sure you read it prior to investing any funds.

 

 

ActiveOption Trade Advantages

 

We usually try to come up with some posssible strong sides of any broker we review, but we couldn't think of any significant regarding this one.

 

 

ActiveOption Trade Disadvantages

 

Anonymous website, no regulation

When it comes to the company owning and operating ActiveOption Trade, things are utterly unclear. We could not find the name of the company anywhere on its website, only an address in the US. Meanwhile, the broker claims to be registered in the UK as a “cryptocurrency investments solution”, whatever this means. So, obviously, we are dealing with an unregulated and anonymous broker here – the worst scenario of all in the online trading world.

 

Furthermore, we didn’t get access to any legal documents on the broker’s website - Client Agreement or Terms and Conditions. Without regulatory oversight and binding documents between the broker and the client, the company is pretty much free to conduct business as it sees fit.

 

There is one more concerning thing that is worth our attention: the International Financial Services Commission (IFSC) of Belize has recently issued a warning against Active Option Trade LTD. Given the company name, it is possible that the IFSC has in fact blacklisted ActiveOption Trade, and meanwhile the latter has deleted the firm name (as well as any claims of being regulated in Belize) from its website.

 

Zero clarity on trading conditions

As we already mentioned, this broker has not announced any trading conditions. On its website, we only found the minimum investment amounts required for the various Bitcoin buy and sell plans offered.

 

 

What is worse, form its presentation doesn’t become clear what kind of services does ActiveOption provide – trading in binary options, forex, or a cryptocurrency exchange.

 

No real platform

The broker does not offer demo accounts, and after registering a live account (without depositing any money), we got access to some strange dashboard with quotes from major forex brokerages and crypto exchanges: 

 

Click on the image to zoom in.

 

As you can see from the above image, this is not a real trading platform, but only a dashboard to propel the illusion. This inclines us to suspect that FX Primes doesn’t support any trading platform whatsoever, and only aims at receiving deposits from clients that are unaware of its ill-minded intentions. That being said, most brokers offer trading on the ever-popular MetaTrder4 (MT4) platform, as it is preferred by the majority of traders.

 

 

>> Choose some of the best MT4 brokers <<

 

 

Conclusion

 

All in all, there are too many red flags and too many uncertainties with regards to ActiveOption Trade. If you value your money, do not invest with this unregulated and anonymous broker that will most probably rip you off ruthlessly.

 

Unfortunately, the forex and cryptocurrency markets are full of scammers, so the only way to minimize the risk of foul play is to deal with licensed and reliable companies. It is best to deal with brokers licensed by prestigious regulatory agencies, such as the FCA and CySEC, which require compliance with a number of strict rules that give significant assurance for the security of the clients funds.

 

If you are into digital assets like Bitcoin, check out our list of reliable brokers that offer trading in Bitcoin and are tightly regulated:

 

 


>> Licensed brokers, offering Bitcoin and more <<

 

 

Here is a summary of the key points in our review of ActiveOption Trade:

 

Pros Cons
None Anonymous website, no regulation
  Zero clarity on trading conditions
  No real platform

 

Latest news about ActiveOption Trade
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Traders` reviews for ActiveOption Trade

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Cons

 

 

Deposit/Withdraw

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Cons

 

 

Customer service

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Summary

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