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BFT Option Review Update 2023: No member gets to withdraw as the platform deletes their accounts hours to end of vesting period.
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BFT Option (Perfect Option) is a scam platform dealing in digital options trading. BFT Option is allegedly a perfect system that can multiply your profits, even to the point of yielding 2000% in 30 minutes. They also have several investment plans which are promising 100% returns. It’s not clear which trading duration this will take.
As to how investors make money, there is a robot which they have labeled BFT Option robot. Ut’s supposed to trade for you risk-free. It’s supposed to be really profitable even to newbies who don’t know anything about trading digital options.
Unfortunately, these are just common marketing tricks. You need to understand that this brokerage is not after your own interest. All they want is your money. That is why they have to offer you a free robot in exchange for your deposit which they will steal from you anyway.
We understand that BFT Option is an unregulated broker. This means that client funds will be put at risk with no insurance whatsoever. Please take note of the fact that this broker is asking for a huge minimum deposit which is $500. For the first time, scammers in this business have said that they will only take in clients who can fund their accounts with $500 or more instead of $250.
Making use of this broker’s platform will ultimately result in your financial demise, assuming that you only had $500 to gamble with.
We were of course interested in knowing who these guys really are.
For that reason, we had to start by looking it up on who.is where we discovered that the domain where this brokerage is hosted at was registered in March, 22, 2018. They are only a few days old (as at the time of writing this review).
We are skeptical when it comes to trusting new brokers with no reputation in the market. The name of the person who registered this domain is British Okafor who also appears to be the owner of the domain bftoption.com.
In their about us page, BFT Option claims that they are a market leader and are made up of a team of experienced professional Forex traders, risk managers, derivatives, international laws and legislation.
They claim that they are offering top notch service to traders of all kinds since their platform is 100% web-based. What they might not know is that all brokers in this industry have both online and offline trading platforms. This is no longer a unique feature that should be mentioned in their about us page.
Moreover, the professional experience of the anonymous team cannot be verified. We may know the name of the person who owns this domain. But the same person is unable to confirm the names and professional experience of the people he purports to work with.
A little research into the matter will reveal that BFT Option is making use of a fake team profile where stock photos are cleverly used to depict that a team of traders and experienced investors are involved. This is far misleading and illegal. It makes us think that BFT Option is not being transparent with their clients at all.
Why do they use stock photos in the first place? A serious business with a goal doesn’t need to use stock photos or resort to some weird ways of promoting their business in order to find more depositors.
This tells us that BFT Option must not be trusted since they do not have a real team behind this website. This is possibly a one man operation since their location cannot be established. There is no physical address which can be used to locate this broker.
That also explains why they are not regulated. It is illegal to operate an unregulated brokerage in countries where this broker is targeting clients. This is definitely something that will haunt you if you ignore. Regulators have been profiling such brokers. But since BFT Option is a new broker, it’s only a matter of time before regulators will warn investors that BFT Option is not regulated and therefore a high risk venture for those who want to trade options.
Now, their promises can make you think that they are the best brokerage in the world. But since they have not taken the steps to be transparent by revealing their physical location or even seeking a license, we are sure that these promises will not come to pass for anyone who takes the risks of opening an account and funding it.
This is nothing more than a scam. It collects people’s money in the name of operating a brokerage company.
Their promised returns are not clearly highlighted. However, they probably mean something in the zone of 100% a month, a figure which no one has been able to achieve up to now.
We have no trust in this broker at all. The more we scrutinize them, the more we find faults. When you scroll to the footer of the site, you will find a bunch of fake testimonials.
These are from people who have never used this brokerage before. You see, BFT Option is very new in this business. If they are new, how come they already have so many customers who have even traded and made a lot of money through their platform? It does not make sense, and is definitely a lie.
This is yet another example where BFT Option used stock photos and sentences edited by the site admin to lie to the world.
Such dishonest people don’t deserve your attention. They must do the right thing and act professionally. Otherwise, they will remain a scam.
BFT Option is not the best broker to choose in this business. You might want to avoid them at all cost. There are more professional brokers with a track record that dates back to a couple of years back. We declare this website a no go zone until further notice. You can decide whether or not you want to get scammed.
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