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TrendsOptions Review - is it scam or safe?

TrendsOptions review - Is trendsfxts.com scam or good forex broker?

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

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Honestly we are a bit confused about the service TRENDS OPTIONS says to provide. They present their website as “the largest e-currency exchanges”, but in the same time they seem to offer CFDs, which stands for Contract for Difference – a trading instrument with which you bet on the price move of a underling asset without actually owning it. This is the difference with the crypto exchanges, where you can buy for example bitcoins.

 

Account type Min. deposit Max. leverage Spreads/ Payout
Basic Account $300

n/a

n/a
Silver Account $600 n/a n/a
Gold Account $800 n/a n/a
Platinum Account $1000 n/a n/a
Classic Account $2000 n/a  

 

Anyway, TRENDS OPTIONS promises “high profit rates”, whatever you trade – on their web based trading platform, they say you will have access to more than 1000 assets with a choice of five account types and generous trading bonuses.

 

And TRENDS OPTIONS also says to be regulated in Germany, the UK, Cyprus, South Africa and Belize, which sounds great, but unfortunately turned out not to be true. 

 

So if you are thinking about depositing your money with them better read the following review.

 

TRENDS OPTIONS Advantages:

 

We usually try to list any possible advantages a broker might offer its clients. In this case however, we have no choice but to leave that section empty.

 

TRENDS OPTIONS Disadvantages: 

 

Falsely claims to be regulated in Germany, the UK, Cyprus and South Africa

 

TRENDS OPTIONS says to be operated by Deutsche Beteiligungs AG and Quadriga Capital, and that all payments are processed by Deutsche Beteiligungs AG -  company presumably based in Germany. And TRENDS OPTIONS claims to be regulated by “the International Financial Services Commission of Germany”, the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Board (FSB) of South Africa and the International Financial Services Commission (IFSC) of Belize. Check it out:

 

 

 

To start with, the official financial regulator in Germany is  the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht), better known by its abbreviation BaFin. And neither TRENDS OPTIONS nor the two companies behind it are regulated there. And they are not regulated by the FCA in the UK and CySEC in Cyprus, either. We dilligently checked their registers.

 

So basically what we have here is probably a scam website, which deliberately tries to mislead investors that it is properly licensed and authorized to offer financial services on the European market and else.

 

What we may suggest here, however, is that you check our list of brokers, regulated in the UK, where your funds will even be protected by a client compensation fund, basically insuring your trading account for up to 85 000 GBP:

 

>>FCA Regulated Forex Brokers<<

 

No demo account

 

We can not comment on the TRENDS OPTIONS trading conditions as they do not offer a demo account. In any case here you may always check our list of brokers, offering tighter spreads:

 

>> Lowest spread forex brokers<<

 

Accepts payments only with bitcoins

 

Despite the fact that TRENDS OPTIONS displays the logos of VISA, MasterCard, Skrill and various other payment companies on their homepage, as we proceeded with our registration it turned out they accept payments only with bitcoins, and this is yet another indication that we are dealing with scammers. 

 

 

Bitcoin payments are totally irreversible and pretty anonymous. If you have paid with VISA or MasterCard on the other hand you can always file for a charge back in case you have been scammed. 

 

Also, according to the new anti scam policy, adopted by Skrill about a year ago, the company partners only with properly regulated brokers, and because TRENDS OPTIONS is just a unregulated website, the absence of Skrill in the list of payment methods is no a surprise. Here you may check our list of brokers, where you can pay with Skrill:

 

>>Brokers accepting Skrill<<

 

MetaTrader4 not available

 

Because TRENDS OPTIONS does not offer a demo account we were not able to check their trading platform either. In any case we do miss the MetaTrader4 – by far the most popular trading platform on the market, featuring almost a hundred customizable market indicators and trading robots, with which one can easily run algorithmic trading sessions. And because MetaTrader4 also comes with a set of advanced charting tools, here you may check our brokers, which do support the paltform:

 

>>MT4 Brokers<<

 

Conclusion:

 

TRENDS OPTIONS falsely claims to be regulated by various financial watchdogs in a deliberate attempt to scam investors. Our best advise in such cases is always to double check every information a broker presents on its homepage, especially one concerning its regulatory status. Once again, make sure that you trade only with properly regulated like the once licensed and authorized by the FCA in the UK, CySEC in Cyprus or let say the Australian Securities and Investments Commission (ASIC).

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Traders` reviews for TrendsOptions

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Price feed

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