Flip Options (Flip-options.com) is another cruel Binary Options, CFDs, and Cryptocurrency scam stealing from investors. Flip Options is claiming to offer fast and reliable transfers that are unmatched anywhere in Europe. Flip-Options is professing to allow traders to trade as low as with $10 cents. With such a low asking price, investors signed up without conducting a thorough research. Make sure to read this detailed FLIP OPTIONS Review for more.
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After members started complaining of having their trading accounts blocked, we knew trouble was brewing. And this is why we decided to investigate this platform and get to the bottom of things. Flip Options is openly stealing from members by refusing them to withdraw funds and profits made. Once you deposit funds with this platform, it is the last you will hear of it. Most of the members were approached via social media platforms and enticed into joining the platform.
Professional scam artists know how to lure unsuspecting investors into signing up. They will promise you a high profit win ratio in a short period of time. And this is exactly what Flip Options is doing. Their webpage claims you will earn 95% of your investment in profits fewer than 60 seconds. With such a high margin rate, investors have signed up and deposited funds without a second thought. Beware of such high profit margins as they are mostly plots to lure you in.
No one actually knows much about this lousy platform and where it originated from. A closer look at the website shows no information regarding where the platform operated from. And this is where the plot thickens as investors are signing up to an unknown trading platform. None of the register of companies’ sites we contacted has ever heard of this platform. And this is proof we are dealing with a hoax.
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Anonymity is a risky feature in any online investment platform. No one knows the names of the founding members or people running the show. And this is where we draw the line as it is highly risky to deal with anonymous websites. Another disturbing feature is no broker has come out and claimed association with this platform. How exactly the platform operates is anyone’s guess. Investors should stay away from this platform and ignore the promotional materials on the website.
Any anonymous website is never going to be licensed by regulatory bodies. Some of the institutions we contacted include ASIC, CONSOB, CySEC, FCA, FSC, and NFA. None of these bodies has ever licensed or regulated the platform. Flip Options is operating without a valid license and should be taken out of the equation. Funds are never safe with unlicensed platform which is totally anonymous.
A real platform posts copies of their license certificates to try and show transparency. This gives traders the chance to check out the license details and confirm with concerned bodies. And this is the case as no one will come to the rescue; the platform does not follow regulations. If they did, victims would be compensated.
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We could not find any advantage of dealing with a platform which fails to have any license. With complaints coming from all corners of the world, this is a platform to avoid. Get users to sign up, deposit funds, and later shut down the website. With this expose, the scam artists will go into hiding and never look back.
Flip Options is furnishing users with three account types to choose from. Some of these accounts have the same features which is uncommon. The accounts are listed as Bronze, Silver, and Gold. What we found odd with the accounts is bonuses given to users who open them. Bonuses are also a trap to ensure users deposit more funds. The bonuses start at 20%, 50%, and 100% respectively.
Another shocker with this platform is having a rigged demo account. Users who prefer testing how a platform works make sure to test the demo account. These scam artists have taken advantage of the platform and rigged the demo account to produce insane profit margins. The demo account makes sure profits are at 98% or higher.
When it comes to funding accounts, this platform has the area well-covered. The depository channels include Bank Transfer, Bitcoin, MasterCard, Visa, and others. With the depository channels available anywhere on the planet, these scam artists have widened their trap. Withdrawing funds still remains to be the biggest problem with the platform. No member has come out with evidence of ever making 95% profit within 60 seconds. It makes Flip Options a certified scam.
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The homepage has awards which the platform claims to have received. A closer look reveals these awards are merely award logos and not actual awards. An actual award would have their names engraved on the award trophy itself. These are some of the small details the naked eye might not think of seeing. The proof is there; Flip Options has never won any awards and is not recognized by the trading industry. No brokers seem to have a clue of this platform ever existing.
A huge problem with this platform is lack of security features to protect funds. With no DDoS and SSL encryption, hackers can easily take over the platform and steal credit card details. Make sure to stay away from this platform and resist the urge to sign up with their crazy promotional deals. Segregation of accounts is another problem which means Flip Options is pooling funds in one account. Safety is never a priority for scam artists as they simply want investors to deposit with them.
Evidence is pointing to FlipOptions being a total scam which must be exposed. To protect the good trading name, we hope authorities will investigate and shut down the platform. Mark all their emails as spam and never click on any links sent by their email marketing team. Dealing with such platforms is a risk and victims can testify to that.
We will be adding this platform to our scam blacklist and ensure no one falls for this trap.
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Wishing you all the best in your trading.
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