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Trade Option Experts Review - is it scam or safe?

Trade Option Experts Review - is tradeoptionx.com scam or good binary options broker?

RATING: 1 / 0 REVIEWS Trade Option Experts
Trade Option Experts is not regulated. We cannot guarantee your money is safe.

Trading Accounts and Conditions

 

Account type Min. Deposit Profit
Basic  $1,000 30%
Bronze  $5,000 40%
Silver  $10,000 50%
Gold  $15,000 65%
Premium  $20,000 70%

 

Trade Option Experts claims to offer trading in forex, binary options, diamond index and Bitcoin to investors all over the world. According to the scarce information on its website, the broker offers the five account types listed in the table above. As you can see, the only specifics shared with potential customers are the minimum deposits required, as well as the promised profits per day in percentages.

 

 

First of all, the initial investment of $1000 required by Trade Option Experts is way too high. Most forex and binary options brokers demand $100 - $250, and some go even lower. Second, no person, company, software or institution can guarantee you consistent profits when trading the financial markets. Recent surveys based on reports filed by EU brokers to ESMA (as the latter forces brokers to disclose the percentages of winning and losing trades of their clients) show that more than 70 percent of all trades are in the red. Besides, if the profit percentages cited above refer to binary options trades, we have to mention that most binary options brokers offer payout percentages of at least 83%, should the option expire “in the money”.

 

Third, many essential parts of Trade Option Experts’s offer remain unclear. For example, what are the target spreads for forex trades, the leverage levels provided, and what platform does this broker use. That being said, the most widely used forex trading platform is the MetaTrader 4. Reliable, fast and intuitive, it is a clear favorite of several generations of traders.

 

 

>> Looking for a MT4 broker? <<

 

 

In fact, we tried to register an account with Trade Option Experts in order to test its services, but never got that verification email by the broker with the password and username.

 

The Company. Security of funds

 

According to the information on its website, Trade Option Experts is Based in Florida, US. There is only an address and a contact numbers provided, no company name, and not a word about regulation. That being said, binary options trading in the US is allowed only on regulated exchanges and there are only two such – Cantor and Nadex. Off-exchange binary options trading is strictly prohibited.

 

As regards US forex and CFD providers, they must be regulated by the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC), and are subjected to numerous requirements, including a minimum capital requirement of $20 million. That is why there are only a few forex brokers left legally operating in the US.

 

Let’s get back to Trade Option Experts - a financial services provider that operates without a license and without any supervision on the part of a financial authority. This brings along a massive uncertainty regarding the most crucial aspect of a brokerage – the safety of the clients’ funds.

 

Conclusion

 

Considering all the uncertainty regarding Trade Option Expert’s offer and the fact that it is not a regulated, you’d better not risk a single buck with this broker, let alone one thousand. Most likely this is one of the many investment scams.

 

That is why we suggest that you chose regulated broker instead. Some of the industry leaders are authorized in the United Kingdom and overseen by the local Financial Conduct Authority.

 

 

>>FCA-regulated forex brokers<<

 

 

These brokers also abide by a lot of rules and regulations, which guarantee a fair trading environment, as well as the safety of your funds.

 

Latest news about Trade Option Experts
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Traders` reviews for Trade Option Experts

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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Deposit/Withdraw

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Customer service

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Summary

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