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TradeOptions Review - Is it scam or safe?

TradeOptions - Review - is tradeoptionx.org scam or good binary options broker?

RATING: 1 / 9 REVIEWS ForexBrokerz TradeOptions
TradeOptions is not regulated. We cannot guarantee your money is safe.

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Basic Information

 

Minimum deposit Min. bet size Payout % Welcome Bonus Trading platform
$500 $25 Up to 81% 25% - 100% SpotOption

 

TradeOptions is a binary options broker, offering online trading in currency pairs, indices, commodities, and stocks on the popular SpotOption platform.

 

Trading Accounts

 

Clients of TradeOptions may choose from several account types, depending on how much money they are willing to invest upon sign-up:

                                                                                                                                  

 

The Company. Security of Funds

 

A newly-launched binary options brokerage, TradeOptions operates via the website tradeoptionx.org and provides no information about its headquarters, nor about the company behind the brand. The one thing that becomes clear from the broker’s website is that its support team is based in Jakarta, Indonesia. There is no live chat and no demo accounts either, so we could not test TradeOptions’ services.

 

The above said makes us extremely suspicious, as the world of binary options is overcrowded with all sorts of scam, and making due diligence tests before investing your hard-earned money is obligatory.

 

On the main page of TradeOptions’ website, there is a section called “Regulation” where the broker claims to be licensed by the Cyprus Securities and Exchange Commission (CySEC) and provides a license number.  Indeed, Cyprus is one of the most popular forex and binary options hubs worldwide due to its well-balanced regulation. You can check out a list of brokers licensed to operate in Cyprus (and the EEA), as well as detailed information about the local regulation


 

When we checked this number on CySEC’s website, we found it belongs to Holiway Investments Ltd. However, tradeoptionx.org website is not present in the list of approved domains, so we are not sure that this company operates the TradeOptions brand. According to us, TradeOptions simply used the license number to present itself as a reliable and well-regulated brokerage, while in fact it has nothing to do with the above-mentioned company. That is why you’d better choose a regulated broker that has more transparent offering and has already earned itself a good reputation.  

 

Trading Conditions

 

Trading Options: Call/Put, 60 seconds, One Touch, Ladder, iFollow

Assets:  Currencies, Stocks, Indices, Commodities

Expiration times: from 60 seconds

 

Unfortunately, this broker does not offer Long-term options, nor Pairs for trade.

 

Minimum Initial Deposit

The minimum initial deposit for clients of TradeOptions is $500, which is a comparatively high amount. Some brokers, however, require less – for example, one needs to invest just $10 to open an account with Grand Capital, which is FinaCom regulated brokerage with more than 10 years of experience in the industry.

 

Min. bet size

The minimum bet size with this broker is on the upper end of average, amounting to $25. In comparison, with OptionRally, one can place a trade with just $5. Such low minimum bet sizes provide better risk management.

 

Payout amount

The maximum payout amount at Trading Options is 81%, which is not much, actually. By comparison, Grand Capital offers return to a maximum of 86%, and OptionRally – up to 90%.

 

Trading Platform

 

Clients of TradeOptions are offered the SpotOption platform, which is one of the most popular in the binary options industry. A useful platform feature is iFollow, which allows traders to follow the successful traders and have all their trades duplicated into their account automatically.

 

Promotion

Welcome bonus from 25% to 100% of the initial deposit is available to clients of TradeOptions, which  are redeemable, provided the required volume has been traded.

 

Besides, the broker offers a Refer-a-friend promotion. If a client refers a friend to join TradeOptions, they both will receive a $100 bonus.

 

Methods of Payment

 

TradeOptions’ clients are provided with a variety of payment methods: Credit/Debit cards, Bank Wire Western Union and MoneyGram.

 

Conclusion

 

TradeOptions is a binary options broker that claims to be licensed in Cyprus, but we suspect this is not true, as the name of the company operating the brand is not disclosed and tradeoptionx.org domain is not approved by CySEC. To sum up the above, here are the advantages and drawbacks in relation to this broker:

 

Pros Cons
Claims to have a CySEC license Domain name not approved by CySEC
  No info about the company operating the brand, nor its headquarters
  High initial deposit required
  No demo accounts

Latest news about TradeOptions
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Traders` reviews for TradeOptions

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Summary

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Scam, fraud, big thief

These people tell u invest $200 then u see u have made $100000 in a short time but then time to withdraw they say pay irs a fee but oddly they can't take the money from your account with them but u have to send them more money and then u never ever get to withdraw but only send them more and more money they are big thief scammers and fraud!

Pleaeeeeeeee don't be fooled the fake profile on facebook is alisha carl and both whatsapp number are +393511605215
And +441156971401

Christine 06/07/2019

TradeOptionX.com is a fraud

This company tradeoptionx.com is a fraud. they scammed me out of $10,200 bucks. the person from IG, Debbie Clarke from New York 914-200-7516, provided me with screenshots that appeared to be real transactions of getting paid as well as emails and etc...However the company and Debbie Clarke took my money but I should have known better. Another lesson learned but hopefully this saves someone else from losing money

Jamaal Hall 08/16/2018

Trade option Expert is a scam

"Hello Evans Oise, the mining machine attached to your mining account has used more hashpower for a silver mining account. You have made a profit of 0.48btc ($3223.4)and this is more than the expected profit for a silver mining account.

We request that you upgrade to Gold mining account with 5% ($161.17) of your total profit, also deposit 15% ($483.51) of your total profit for account management commission.

You will be able to withdraw your profit as soon as we confirmed your upgrade and a gold mining account would be activated on your account.

Please send a total of 0.096btc to the bitcoin address bellow:

Bitcoin wallet ID:
34Z38UETkVEBVvhdyvMc6FWSUyVTfBxtgi

Please reply this mail with a screenshot of transaction success.

Thanks for choosing Trade Options Bitcoin Mining.



Luis Wagner
Chief Miner
Trade Options Expert"

Evans 07/12/2018

Scammers

Good bye $500 don’t trust this broker.

Chris 01/25/2018

TradeOption is a scam

They have scam me of $100 through their agent Schmoe Pearl

Stanley Abugu 01/04/2018

Scam they are Yes

The exact same woman reached out to me on instagram I can tell she is not legit she keeps requesting 500 from me when I went to the website my ohone kept saying error so I left tyat page went to another similar site it worked fine she is a scam

Nauti 11/17/2017

Deposited Money and never been refunded

i deposited 1,500 dollars and afterwarwards they blocked me..
please assist me

Susan 11/03/2017

TradeOptions: It's a scam

I opened up an account and I initially invested $500 USD , she was saying that it'll go up to $16000 for a short period of time . I looked into my account and it went up to $755 ,she said if the amount doesn't go higher on the next Monday ( I gave her the money Thursday August 24th 2017) I'll have to send her $650 for software upgrades, she said that will prevent from losing money or something, I did send her the money . Also she said the withdrawal will be in ( Tuesday September 5th 2017 ) meanwhile I was looking at account and it was going up , however when the day finally arrived , she said the company changed their policy , I made a profit of $16500 and I have the give them their 10% profit because many traders , after they get paid , they don't give them back the 10% which it doesn't make sense , if they have the money , they should be able to take their profit (10% ) and send me back the rest . She insisted that I have to send her the 10% . I don't know her name but her number is 1-518-953-9058 . she declined my calls . I have pics and proof of the money I sent , I want my money back I sent her $500 +$650 =$1150

Clifford 09/06/2017

Scam scam scam

They stole my $2800 and later they blocked me. Nancy Erson and Tony Mocker both represented the company .help us to get our money back ......

Susan 08/30/2017

Scam

This I should a scam, i invested $350 thinking that profits will be paid in seven days, only to be asked of fees and fees that amounted to $4000.

Their dummy system that no one can deposit or withdraw money.

Brokers details:
#VIAFACEBOOK https://www.facebook.com/donald.joe.9883
#VIA MAIL donnajoe653@yahoo.com
#VIA WHATSAPP+16316333709

Contact me for more information.

Dorcas Makhaza 08/28/2017
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