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Polarity Index Review - is it scam or safe?

Polarity Index Review - is polarityindex.com scam or good binary options broker?

RATING: 1 / 0 REVIEWS Polarity Index
Polarity Index is not regulated. We cannot guarantee your money is safe.

Trading Accounts & Conditions

 

Minimum deposit Min./Max. bet size Expiry Times Payout %
£5,000 $1/ $10 000 1 min – 1 year Up to 80%

 

Polarity Index offers trading in binary options on cryptocurrencies, which it refers to as Fixed Return Options. Its trading conditions are not that clear, but it appears that the minimum deposit is £5,000 and payouts reach 80%.

 

Is it safe invest with it, or maybe Polarity Index is just another scam? In fact, we are quite skeptical about this broker. Read on to understand why.

 

 

Polarity Index Advantages          

 

Many cryptocurrencies available for trade

Probably crypto-enthusiasts would appreciate the rich digital assets portfolio of this broker. It offers Bitcoin, Ethereum, RippIe, Bitcoin Cash, Bitcoin Gold, OTA, EOS, NEM, OmiseGo, Qtum, and more. These are being traded against USD, EUR, BTC and ETH.

 

 

Polarity Index Disadvantages

 

Not regulated

According to the information on its website, Polarity Index is owned and operated by ALTERNATIVE INVESTMENT SPECIALISTS LTD, a FSC regulated company. We are not sure what the abbreviation FSC stands for, nor where is the firm headquartered, but we suppose that it is some offshore zone. As most of you probably know, offshore zones are tax heavens where forex and binary options brokers are not overseen by any authority.

 

Now that ESMA has banned binary options altogether (as of July 2, 2018), there have remained no reliable regulators in the binary options industry. Previously, most regulated binary options brokers were holding licenses from the Cyprus Securities and Exchange Commission (CySEC).

 

Many asset classes not covered

Although Polarity Index covers a lot of cryptocurrencies, it does not offer more traditional trading instruments, such as forex, commodities, indices or stocks. One cannot trade in EUR/USD, nor Gold, for example.

 

Web-based oversimplified platform

As most binary options brokers, this one also offers its services on a web-based platform. This trading interface is easy to use, but lacks any analytics and advanced tools other platforms support. Here is a snapshot:

 

 

Click on the image to zoom in.

 

Negative user reviews

As we did our due diligence research on Polarity Index, we stumbled upon a number of negative user reviews. Most simply say that this broker is a scam.

 

High initial deposit

In order to use the services of Polarity Index, one has to invest at least £5,000. Such initial deposit is way too high, considering that most binary options brokers require $100 - $250 as a start.

         

Payouts not that attractive

Payouts at Polarity Index amount to 87%, if an option expires in-the-money. Such percentage is actually not that high, as most brokers offer at least 83% in payouts.

 

 

Conclusion

 

Polarity Index offers binary options trading and investment management services with a clear focus on cryptocurrencies. Overall, there are too many things we don’t like about this broker: the high initial deposit, the fact that it only covers cryptocurrencies as an asset class, the lack of corporate presentation, and more importantly, of financial regulation.

 

If you are keen on trading bitcoin, you’d better select among the major crypto exchanges or sign up with a broker that is reliable.

 

 

>> Trade Bitcoin with a well regulated broker <<

 

 

To sum op the above:

Pros Cons
Many cryptocurrencies available for trade Not regulated
  Many asset classes not covered
  Oversimplified platform
  Negative user reviews
  High initial deposit
  Payouts not that attractive

 

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Traders` reviews for Polarity Index

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