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Forxoption.com Review: Is forxoption yet Another Scam?

Forxoption.com Review: Is forxoption yet Another Scam?

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Forxoption is a binary options scam company that is luring innocent investors to cash in funds into their system. The platform is not transparent, and we advise all traders to stay away from their fraudulent activities.

The first thing that we noticed is that the firm is lying about the time that they have been in the industry. They claim the website was launched in 2014. Unfortunately, during our research, we discovered they were registered in June 2018.

It is common for a Ponzi scheme to lie about their history for them to gain the trust of the investor by appearing to be experienced. A company that is not honest with such minor details should not be your first option because there is a high likelihood of them displaying false information just to win you over.

There is no legit company that would harm their PR the way this Ponzi scheme has done. Without disclosing their physical address, it will be hard to track them down when they decide to leave the market.

Forxoption Review

The company is offering various assets to investors. They have commodities, currency, and stock. However, the company does not go into details regarding the assets they are providing.

The platform has one individual plan, which is to scam as many people as they can. Additionally, the leadership information of Forxoption is missing from their website. They are only after your money without knowing who is dealing with your cash. It would be a wise decision to venture with legit binary options brokers.

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If they are a legit company, the firm will not shy away from availing the team that is handling traders’ money and revealing who their founder is. The information that they display on their website is repetitive, and it shows a lack of originality and laziness on their part. The platform does not create trust with investors.

Forxoption.com Review,Forxoption.com Platform

They should make an effort by showing us why they are better than their competitors. However, considering they do not offer any financial services, it would be hard believing in them. The company lacks a demo account that traders can use.

Investment Plans and Returns

Forxoption has three investment plans they are offering to those who fall for their narrative. It is important to note that the company does not show how they generate profit despite them promising mind-blowing Returns.

The first investment plan accepts the least amount of money of $250 and a maximum amount of $7000. It promises traders a total return of 110 per cent in 7 days. The figures do not add up, and there’s no company in the industry that is offering anything close to this.

The second investment plan accepts funds ranging from $500 to $10,000 and promises a profit of 137% within one week. The third and final package grants users an ROI of 287% in 7 days. You can deposit money ranging from $1,000 to $50,000.

If you do the math, you will realize that what they are offering is a mere red flag without showing their source of income; they cannot attain such rewards. Logically speaking, if any investment platform realized a lucrative program like this one chance of broadcasting about it would be very minimal. The time they spend in marketing would be highly utilized to open their portfolio. It would be best to stay away while you still can.

The least amount of money that you can cash out is $50. The company does not disclose if they have any additional charges which they subject traders with. We can all agree that Forxoption promises investors unrealistic promises.

There is no guarantee that you will receive your money or your total earnings upon depositing funds. The ROI that the project is ridiculous and unattainable.

Regulatory Status and Contact Details

In the platform of Forxoption they claim to be a regulated entity that is operating as per CySEC requirements. They even go further and display the licensing document that indicates their regulatory document number is 247/14.

Unfortunately, this is another lie that they are using to appear as a legit company. We checked with various regulatory bodies, and to our surprise, they were not in their database, which is also a major red flag. Avoid emptying your pockets while fattening the scammer’s bank account.

Moreover, Forxoption has inferior customer support services. The company does not pay attention or care about its customers. A platform that does not avail a phone number or an email address that can be used to address queries should not be your investment company choice.

Testimonials

Forxoption has a testimonial section that they display on their platform. If you are an Eager investor, you will realize the red flag by first glance. The reviews seem to be cherry-picked since there is not even a single negative remark that is left behind.

Ponzi scheme has made sure that traders cannot rely on information available on their website as they manipulate what is being said by either writing the reviews themselves or paying people to leave testimonials behind while they have not used their services.

We call all traders to always perform thorough research before trusting any company. The people who have reviewed the services of Forxoption have not attached any proof of payment. Moreover, there is no social media profile that can attest; they are real investors.

Is Forxoption a Scam?

Yes, the investment entity is a messy Ponzi scheme. They are not regulated, and they do not avail of proof of payment. The company is also being run by unknown personnel. They have fake testimonials as well as false regulatory documents.

They do not have a trading history, and the firm lies about various issues. The pyramid scheme is a recent broker that you should watch out for and avoid invest blindly. Lack of transparency is not something that is upheld when it comes to dealing with public money. Additionally, they do not have a demo account. Without knowing their trading condition, it will be best if you looked for other trustworthy investment ventures.

Forxoption does not see the need to discuss their operation in detail which is not a good sign. To contact them, you will have to use the live chat option on their website. The reason they are running in such a manner as to ensure the law does not catch them.

To understand how they are running their company, you will have to contact them directly. However, considering they do not avail proper channels of communication, it will be hard reaching them. The security of your money should always be your primary concern.

There is a high possibility that investors are depositing their hard-earned money directly to the scammer’s pockets. Forxoption will only leave you high and dry since it is not involved in any investment activity. They are professional scammers who know what they are doing. Hence, you will not receive your money back.

Final Verdict

It has become a norm for a Ponzi scheme to steal money from innocent investors. The pyramid scheme keeps reoccurring using different domain names but selling the same vague financial narrative. Forxoption is not a legit binary options investment company.

Ensure that you venture with trustworthy binary options platform that has a trading history and has been in the market for several years.

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