Table of Content
Trusted Options Review – Who Is Behind TrustedOptions.Com?
Table of Content
Welcome to the Trusted Options Review. Here, we’ll present to you the dangers stemming from this malevolent provider. Contrary to its name, the options it offers are not to be trusted. Keep that in mind as you read through this thorough review.
First, we shall take a look at Trusted Options’ fake license. Then, we’ll go into more detail on the trading platform, accounts, assets, and deposits & withdrawals.
|Headquarters||Suite 305, Griffith Corporate Centre, Kingstown, St Vincent & The Grenadines, VC0100|
|Platforms||Binary options trader|
Is Trusted Options Legit or a Scam Brokerage?
Trusted Options says on its website that it operates as part of Options Trading LLC. This entity is based in Saint Vincent and the Grenadines, a notorious scam haven. But how has such a small island in the Caribbean Sea become a dwelling place for evildoers? Well, it’s mainly because of the country’s favorable laws and tax system.
In addition, the local regulator – the Financial Services Authority (FSA), does not issue Forex licenses. It even says on its website. Therefore, a company may be registered with the FSA but that means nothing in terms of security and regulation.
Furthermore, the shady broker provided a license issued by the International Financial Market Relations Regulation Center (IFMRRC). This is yet another hoax. That institution is not credible at all when it comes to regulations, i. e. it’s also a fraud.
Hence, you should only trust real FX authorities such as the FCA, CySEC, ASIC, etc. These are government-backed institutions after all. Anyway, we conclude this section by stating that Trusted Options is an outrageous liar and scammer.
Trusted Options Trading Software Overview
Unlike the majority of SVG-based scammers, Trusted Options offers binary trading. Let’s first explain what that is. In the simplest of terms, a binary option is a type of options contract in which the payout depends entirely on the outcome of a yes/no proposition, as its name suggests.
That trading method is questionable per se, but when offered by such a fraudulent provider, it’s even worse.
Here’s what ASIC Deputy Chair & Commissioner Karen Chester had to say about it – “Binary options are harmful, high-risk financial products resulting in millions of dollars in losses for retail investors before our ban.” When a Tier 1 regulator official makes such a statement, it speaks volumes.
Furthermore, even this platform can be manipulated. Instead of depositing money to trade, you deposit your funds directly into the pocket of the scam broker without knowing it.
Account Types Available
It’s funny how this br says “Account Types” but only offers one single type. Of course, this is the Standard account. The minimum deposit for this account is $50, it comes with 24/7 support, a free demo trial, and withdrawals on the same day when requested. This all seems really nice but we doubt it’s true.
CFD trading is different from binary trading. Why did the scammer a risk warning for the former when it claims to offer the latter? Binary trading does not include leverage and spreads but rather payouts. If the bid is successful, you get a certain percentage of it. Trusted Options allegedly gives you 95%, which is hard to believe.
Available Trading Instruments
Trusted Options says it offers the following:
That’s it. The fraudulent broker does not go into detail about each of these. In the end, it is not that important at this point since we have already exposed the venomous lies of this broker.
Deposit and Withdrawal Procedure
The shady provider only accepts payments via cryptocurrencies. If this is not a clear red flag, then we do not know what is. It is evident that scammers prefer this type of payment the most because it allows them to remain anonymous and in most cases but not all, it’s irreversible.
The minimum deposit, as mentioned, is $50. That’s not much but still, why is risk being scammed by this trickster? One more thing you should bear in mind is that this broker explicitly says that it charges fees without disclosing them.
Also, there are bonuses. It wouldn’t be a classic scammer case without them. Check these cunning clauses out and then tell us if it is possible to withdraw money:
Got Scammed by Trusted Options? Get Your Money Back!
Crypto transfers are really tricky. Most often, people fail to get a refund. Regardless, if there’s a little bit of hope, go for it. The transaction can be traced to a wallet within a crypto exchange, A refund is requested afterward. However, the scammer will be able to remain anonymous even if you are successful.
Trusted Options Summary
- The broker is a binary trading broker based in SVG;
- It is owned by Options Trading LLC;
- The broker is licensed by the IFMRRC, which is a fake regulator;
- The minimum deposit is $50;
- Clients are awarded bonuses with strings attached.
FAQs About Trusted Options Broker
Is My Money Safe With Trusted Options?
Your money is not safe with Trusted Options because the broker is fake and not regulated by a credible authority.
What Is The Minimum Deposit for Trusted Options?
The minimum deposit that Trusted Options requires is $50.
Does Trusted Options Offers a Demo Account?
Trusted Options claims it does offer a demo account on its website.