de | cn | ru

OptionStars Review - is it scam or safe?

OptionStars review - Is optionstars.com scam or good forex broker?

RATING: 1 / 1 REVIEWS OptionStars
OptionStars is not regulated. We cannot guarantee your money is safe.

OptionStars is a binary options broker offering a range of assets - form currency and crypto pairs to indices, commodities and stocks. If you are thinking about opening an account with them be sure to read this review first.

 

Account type Min. deposit Max. leverage Spreads
Standard Account $250 n/a n/a
Bronze Account $25 000 n/a n/a
Silver Account $50 000 n/a n/a
Gold Account $100 000 n/a n/a

 

OptionStars Advantages:

 

Good variety of assets including some crypto options

 

With OptionStars you can bet on 30 forex pairs, including some exotic currencies like Russian Rubla, Turkish Lira, Norwegian Krone, Swedish Krona and South African Rand, precious metals like silver, gold and platinum, commodities like sugar, coffee and copper, oil, stocks, indices, futures and  even crypto coin, notably Bitcoin, Litecoin, Ethereum, Ethereum Classic, Dash, Monero, Ripple, Zcash and Nxt. However, if you are not that much in to binary options, here you may check our list of forex brokers, offering Bitcoin CFDs:

 

>>Bitcoin Forex Brokers<<

 

Various payment methods, including popular e-wallets

 

You can fund your account at OptionStars with major credit or debit cards like Visa, Maestro, MasterCard and Diners Club, bank wire and e-wallets including Netellerand Skrill and  PaySafe. However, as we do not see the option to pay with crypto coins, here is our list of brokers, accepting Bitcoins as payment:

 

>>Forex Brokers Accepting Bitcoin<<

 

Acceptable minimum deposit requirement

 

You can start betting at OptionStars with just 250 USD and that is acceptable as most brokers ask for a similar minimum deposit to open an account. Still with some big names like FBS and IG you can star trading with just 5 USD or even less.

 

OptionStars Disdvantages:

 

No license 

 

OptionStars is said to be owned and operated by Fevora Limited., a company with a contact address in the UK. 

 

All companies, providing financial services in the UK, are required to hold a license by the local Financial Conduct Authority. Unfortunately neither Fevora Limited. nor OptionStars is registered with the FCA or any other legit financial regulator. Furthermore, since July 2nd the European Securities and Markets Authority (ESMA) band all binary options trading on the territory of the European Union and that makes OptionStars operations in the UK and the rest of EU completely illegal.

 

Here we should note as well, that as most unregulated brokers are involved in scam, we strongly advise all potential investors to avoid trading with such entities.

 

On the other hand all legit brokers, regulated by respected financial authorities such as the FCA in the UK, the Cyprus Securities and Exchange Commission (CySEC) or Australian Securities and Investments Commission (ASIC) are obliged to follow strict financial and ethical rules and in some cases even to insure traders money.

 

Traders with FCA regulated brokers for example are entitled to a compensation of up to 50 000 GBP in case their broker goes insolvent. Similarly, traders with CySEC brokers can receive back up to 20 000 EUR of their capital. Here you may check our list of FCA regulated brokers:

 

>>FCA Regulated Forex Brokers<<

 

Unusual withdraw conditions

 

Beware! If you accept a bonus with OptionStars and the bonus exceeds 25% of your deposit, you will not be able to withdraw anything form your account until you reach a trading volume of 40 times the bonus. That is unusual and highly restrictive. See for your self:

 

 

MetaTrader4 not supported

 

OptionStars offers a lousy looking web based platform, lacking even the some basic functionalities, available with well known trading platforms like the MetaTrader4:

 

 

Here you may check our list of brokers, supporting the MetaTrader4:

 

>>MT4 Brokers<<

 

Conclusion:

 

OptionStars is a low credibility, unregulated, binary options broker. Be aware that most unregulated brokers run elaborate scams, designed to steal money out of gullible traders.

Latest news about OptionStars
No news about OptionStars. Check back later.
Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website
UK, Cyprus, Dubai FCA, CySEC, DFSA MT4, MT5, Web,
PrimeTrader
$100 Review Website

Traders` reviews for OptionStars

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Optionsstars is scam

I lost over 8000 Dollars to optionstars. I would have paid out some win, we made first trades, but they said it is not possible to pay out under some ammount, I would have to invest more.

Then also money I send by bank transcaction was over a month time to booked on my optionstars account.

They promised secure wins, with a last trade and then I could let buy out the money. But then suddendly all was lost.

I hate them liars!!!!!!!!!!!

Best regards. Thomas

Thomas Arnold 12/23/2018
de | cn | ru