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21STOPTIONS (21stoptions.com) is another rotten CFDs, Crypto Currency and Forex scam platform to hit the lucrative trading world. 21st Options is claiming to make trading simple by providing a proprietary trading platform. 21st Options is another online scam platform with intent to steal from unsuspecting online investors. Members are already crying foul after having their account access blocked for no reason. Read this genuine 21STOptions Review and find out more.
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After receiving touching email complaints from some of the members, we decided to investigate. It seems 21STOPTIONS is simply signing up users and stealing any funds deposited. Adian Bichel has been trading with this platform for the last month and has nothing to show. Just like other victims, Adian was called by their so-called account managers and asked to deposit funds. You should know these scam artists will hire call agents from Asia to try and entice investors to sign up.
Professional scam artists are well aware of the intention of most investors. Making money is what everyone wants to do and they take advantage of this need. Adian was assigned a different account manager each time he made deposit. Scam artists make sure you can never have one account manager for long. Why do they do this? Read this detailed 21ST Options review and find out more.
No much is known about this platform apart from being owned by a company called 21stOptions Ltd. Information regarding who owns the company still remains a mystery which makes us doubt the broker. Who is the CEO or CFO of this company? Why have they failed to post any details regarding the founding members? Is it possible to know who handles funds deposited by investors?
Some of these questions need quick answers before signing up. With some of these platforms, you never know where their area of operation really is. Could it be offshore based? It is highly likely 21ST Options is based in St. Vincent and the Grenadines. Looking at their contact page, they claim to be based in North America and Luxembourg. A broker associated with this platform claimed the brokerage is based in Canada. Remember, scam artists will do or say anything to make their platforms appear legit.
21STOPTIONS is not licensed by any official regulatory body that we know of. By claiming to be based in Canada, we reached out to the Canadian officials for verification. Both the IIROC and CSA don’t have any records of ever licensing this platform. Furthermore, their website fails to give any proof they have been licensed. Where is their license or registration number? Without a valid trading license, a platform trades without proper documents which is illegal. Make sure to keep an eye for rogue platforms.
An unlicensed online entity is bad news as no one is able to track down their base of operation. If you have a problem with funds, official regulatory bodies won’t be of any help. Why? You have been trading with an unlicensed entity which does not follow strict rules and guidelines. Whatever you do, stay away from unlicensed entities which don’t comply with set industry regulations.
After carefully scrutinizing their website, we could not find any advantage of trading with this platform. With this behavior, we are sure scam artists are behind this platform. By cloning a trading website, they have managed to lure investors into depositing with them. Where the funds go is anybody’s guess. We are sure 21STOptions is another rotten online scam which we must expose.
21STOptions is clearly up to no good as they don’t give users information regarding accounts offered. Do they have a single account or multiple accounts to furnish investors with? Such misleading information is what makes us expose these scam artists. Why have they failed to give their preferred set industry minimum deposit? Scam artists want to ask for different amounts depending on the investor.
When it comes to account funding, the broker has this area well covered. Some of the depository channels used includes MasterCard, Neteller, Sofort, Skrill, Trustly, and Visa. We still have a huge problem with withdrawals as no investor has made any withdrawals. It seems this platform is a way of enriching the owners by pretending to be a trading website. A closer look at their terms and conditions also show no indication of withdrawal cost. With such careless services, we have to draw the line.
Another issue we spotted with 21STOPTIONS is lack of a demo account. A demo account is helpful as it gives users an idea of what to expect with a platform. What is the leverage and spread used in this platform? Stay away from this platform as no one knows what the platform conjures. Demo accounts will help in knowing how effective and fast a platform places trades. Without a demo account, investors are signing up blindly.
According to their homepage, 21st Options is using a proprietary platform. A problem with this platform is that it is not tested by anyone else. They also fail to give users a demo account to test their so-called proprietary platform. Is it properly secured with required security features? How about stability? Is their platform stable enough to execute trades without a glitch? These are some of the reasons why we suggest you stay away from this rogue platform. It is obviously a scam.
Funds are not safe with a platform which is not licensed or registered by official authorities. Security of funds is not guaranteed as they fail to have DDoS protection as well as SSL Encryption. Hackers can easily take advantage of this platform and steal your information.
Without a shadow of doubt, 21STOPTIONS is a scam which must be exposed by all means. Whoever signs up with this platform should know they are partnering with scam artists. Make sure to mark their emails as spam and never click on any links sent. Now you know what to expect with this illicit and malicious online trading scam platform.
After checking all facts, we will be adding this platform to our scam blacklist. By doing so, we will protect our readers from falling into this trap. Warn your family and friends from joining this illicit platform.
Wishing all investors a happy and prosperous trading experience.
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