Netexoption is a Crypto currency CFD broker offering trading in Binary options. The broker offers a variety of assets for trading which are mainly paired with Crypto currencies such as BTC, ETH, LTC and many more. The broker advertises their platform as a different kind of trading. They also claim to offer round the clock support, short term contracts, active markets and the ability for customers to take risks which they have defined, that is to say binary options where risks have been defined in advance.

The broker also offers a variety of funding methods for their customers, some of which are fast and secure. The variety of payments which have been listed on their site include Visa / MasterCard , Bank Transfer, Bitcoin, Bitcoin cash, Skrill, Neteller, Ethereum, Litecoin, Western Union and Money Gram. You agree that some of these methods are not the safest ways to deposit money with a broker like Netexoption since their reputation is not really good. This broker suffers from low credibility issues since they were founded in October 2018. Traders tend to avoid new brokers since most of them fail to prove that their platform is credible and the opportunity which they are offering is unique compared to what other more established brokers are offering.

Therefore, in this review of the Netexoption brokerage, we will discuss the things we like and the things which we hate concerning this broker. Ultimately, we will let you know whether or not to sign up. But if you are actively looking for reliable brokers who are authorized to provide financial services to a worldwide audience and have good customer feedback, this list of brokers is your safest bet. 

Netexoption review

We love the variety of assets that this broker is offering for trading. If you the kind of trader that likes exotic pairs or are simply a fan of Crypto currency pairs and would like to trade them in form of binary options, this broker provides variety that will suit your needs provided they will not scam you. Variety is one of the factors that people look for when opening accounts with brokers. A limited asset portfolio, on the other hand, restricts traders and this can be bad for the broker’s business since traders who are a little bit choosy and specific will never sign up.

The second advantage that we are seeing with this broker is their trading platform. They are offering a type of trading platform that is advanced and unique in terms of features. This platform does not need to be downloaded as it can be accessed on the browser of a desktop of mobile device. The platform allows for robust charting and technical analysis which is really a good thing for the technical trader. If you are into technical analysts and making a decision to enter a market is solely based on your technical analysis skills, then this broker offers the best trading platform for this purpose.

The trading platform is also offering an advanced order type and depth of market analysis which goes hand in hand with the tools that a technical trader needs in order to trade any market. Basically, this advanced trading platform is like MT4 platform. The only exception is that many traders have come to trust MT4 trading platform as opposed to any other. They are so used to MT4 and its successor MT4 software to the point that adopting to other trading platform seems like a daunting task. This is perfectly understood. What matters is that your broker is not a scammer. If they are, you will end up losing money regardless of whether or not they are offering MT4 trading software.

And of course we have to mention the variety of banking methods supported by Netexoption. This variety of funding methods ensures that all traders will have a convenient way to deposit and withdraw funds. But before traders can think of depositing funds with this broker, they need to consider a number of things.

Broker is not regulated and company background not clear

The first red flag that we find ourselves dealing with is that this broker does not provide any kind of contact info on their site. They also did not provide their address and location. In addition to this, the broker is not providing a phone number that can be used to reach out to them. This is always a bad sign that the broker in question is probably a scammer.

The second big mistake which Netexoption has made is that they are claiming to be regulated by the CFTC. You have to ask yourself whether a regulated broker can operate without a phone number or an address in place. You have to question your intelligence whether a regulated broker can operate their business anonymously. As far as regulations are concerned, any broker who is regulated should be displaying their licensing no on the footer of the website. They should be disclosing all kinds of details that customers would want to know which include background of their company and location.

The reason why Netexoption is turning out to be a scam is because they are lying about their regulatory license and on top of that, they are hiding their contact details from their customers. This simply means that this broker is not credible and will most likely steal money from you if given the chance to. We however managed to find mention to another broker called Forxoption in their about us page. This broker is a well known scam and Netexoption is mentioning it in their about us page. Maybe this was a mistake because it is clear their about us page was copied from this broker’s website.

Our best advice for you

These scammers are definitely shameless and lazy. They copy paste content from their rival websites or websites which they own. If you want to trade with peace of mind, our safest advice is to use a broker who is credible and licensed to offer financial services. 

Summary

Reviewer

Ken

Review Date

2019-03-26

Product Name

Netexoption

Author Rating

1