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AuditOption Review: A Dangerous Offshore Broker

AuditOption Review: A Dangerous Offshore Broker

Audit Option (auditoption.com) is an offshore broker that will take the money you deposit. AuditOption is by far one of the leading scams of the year and, we must stop their efforts. Despite claiming their base is the UK, these are lies as the address is a hoax. These are professional scam artists who will stop at nothing to have your money. All they do is create an illusion of having the perfect trading platform. Read this thorough AUDITOPTION Review for more.

AuditOption Review

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A Brief look at AuditOption Features and Review

There’s not much to tell regarding this broker, who remains unknown. All our efforts to track them down have yielded no fruits. The broker is anonymous, making them even more dangerous. Such brokers are master manipulators and will do anything to compromise your decisions.

These brokers promise heaven and deliver hell with the same vigor. There are several complaints already lodged with the Financial Conduct Authority. Most of the victims have not heard the chance to withdraw their funds.

Are funds safe with Audit Option?

Your funds are not safe from an anonymous broker. Although they claim to be in the UK, none of the UK brokers have heard of them. Even seasoned traders don’t have a clue about this broker. To put the nail on the coffin, regulators in the region don’t have a broker regulated under such a name.

It’s clear to say that funds are not safe with this broker. The best option is to stay away from them and ensure you use industry-recommended brokers. AuditOption is a clear scam waiting to pounce on unsuspecting investors.

Assets and trading instruments

There are three types of assets found under this platform. These assets include commodities, currencies, and stocks. Commodities found on the platform include coffee, gold, oil, platinum, silver, sugar, and more.

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Audit Option Trading Assets

When it comes to currencies, the platform offers major currency pairs. Members trade Crypto pairs which are a crowd puller due to the recent increase in Bitcoin prices. The stocks available are from leading companies such as Alibaba, Amazon, Facebook, Microsoft, and more.

AuditOption License and Registration

AuditOption is not a real broker and doesn’t have a legitimate footing in the trading world. Without a valid license, anyone who deposits with them is risking their funds. The broker does not mention their compliance in any of their pages.

And this is done purposely to mislead the general public. The disclaimer at the footer of their website only has a user agreement document. Members are left to fend for themselves in the event of bankruptcy or insolvency.

Without a valid trading license, the broker doesn’t deposit the minimum required amount to start a brokerage. All brokers must deposit a certain amount to regulators to ensure the public deposits get insurance cover.

This helps to protect the public from bankruptcy and insolvency. With a regulated broker, members get full protection which means compensation is available. Audit Option won’t compensate anyone once they go under or get shut down for lack of compliance.

Business owner

We don’t have the name of the person behind this platform. There’s no indication of the team behind it or any professional broker. And this goes to show the level of anonymity that is within the platform. Investors are depositing funds to an unknown entity which is a risky move.

There’s no way of telling who is handling funds on the other end. It puts your funds at risk as the broker might decide to shut you out. It’s what happens to most victims who deposited with the platform.

Complaints from victims

Over the last few weeks, there have been rising complaints regarding the service of this broker. Most of the complaints were surrounding the inability to withdraw funds. It seems once you deposit funds with the platform, it’s the last you will see of it.

There’s no trading taking place as the trading terminal is eventually a hoax. These complaints have reached the regulators, and they plan to issue an official alert on the platform.

Domain insights (auditoption.com review)

It’s no wonder that the website is barely a year old. According to records from domain checker tools, the website went live a year ago. It means they don’t have any online reputation as credible brokers.

There’s no Trustpilot review on this company that sums up their online presence. Most victims will end up trashing the company on Social media pages and trading forums. Trustpilot will also see some negative comments appearing soon.

Hallmarks of AuditOption

Account types

AuditOption Features

AuditOption does not mention the availability of accounts on their website. We did a thorough check and did not find any information on the account types. Once you register and sign up, the broker insists on depositing any amount. The least the broker agrees to, according to our conversation with the support, is $500.

It’s also way above the industry acceptable minimum balance of $250. The platform is clearly out to steal from naïve investors.

Contact and support

The only way to make contact is by being a member of Audit Option. These culprits won’t allow anyone to communicate with them unless you open an account with them. Even so, the broker does not seem to cater to the interests of members. After signing up, we went for days before getting any feedback from the broker.

The person who responded wanted us to make a deposit first before proceeding to give more information. And this is another reason why we had to flag them down.

Deposit and withdrawals Audit Option

Depositing with this broker is easy and fast; that’s their intention. Depository options include Bank and wire transfer. Withdrawing funds with Audit Option is a task that won’t happen anytime soon. No one has come out with proof of withdrawing funds from the broker.

Trading platform available on AuditOption

Audit Option Trading Platform

The broker claims to offer a web-based platform that is compatible with desktop and mobile devices. Features the broker claims to have included regular multi-stock trading and instant execution of trades. You should know that the platform is custom-built and doesn’t have important features as MT4 or MT5.

Scam or Legit Auditoption.com

AuditOption is a scam for various reasons, the top of them being anonymity. The broker is clearly out to wreak havoc in the online trading world. We must put an end to these brokers who pretend to be professionals but steal from investors.

These are tarnishing the good online trading name, which has been a profitable place for most. Audit Option is an example of what bad trading services are all about. Please stay away from them or become their next victim.

Closing remarks

We won’t be recommending this broker for two main reasons. Anonymity and lack of regulation are the two reasons why we must blacklist Audit Option.

For a safer trading experience, go for expert-recommended brokers. These are the brokers you need for a fair and transparent trading experience.

We wish everyone a happy and prosperous trading experience.

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