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OptionFX (Optionfx.trade) is another bane Crypto Currency and Forex broker scam who is targeting unsuspecting investors. Option FX is professing to be the number one choice for investors with more than 1,000 assets. Other empty claims include lower costs and higher revenue plus fake awards. Members have been crying foul after having their accounts closed after sending withdrawal requests. Read this detailed OPTIONFX Review and find out the actual truth.
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What seems to be a way of making money is turning out to be a scam stealing from anyone who signs up. OptionFX is claiming to be an award-winning user friendly platform which is far from the truth. Option FX is another brutal online investment scam platform ripping off from anyone who signs up. These scam artists have perfected the art of creating enticing websites with images and perfect sales pitch. Thanks to our years of trading experience, we know how to spot these scam tricks.
Before opening an account with any online platform, make sure to read their reviews. Reviews give investors a chance to know what other members are experiencing. With Option FX Trade, most members are crying foul after having their funds swept clean. These are professional scam artists who are laughing all the way to the bank once deposits are made. How does this scam work? Read on to find out some of the tricks used by these scam artists to steal from unsuspecting investors.
Disclaimer at the footer of the homepage claims this broker is owned by Option Four Ltd Trust Company. The company is based in Marshall Islands which is a haven for would be scam platforms. These are offshore brokers who will do anything to make sure they get your funds. They are using call centers to entice their victims to sign up. OptionFX will have a so called representative or account manager call and ask for deposits. Where are they actually based?
Another perturbing issue we found with this broker is anonymity. They claim to be based in Marshall Islands and don’t leave any phone number. These scam artists prefer using Whatsapp as their mode of communication. What about the names of the founding members? Why have they failed to disclose actual names of people running this website? Anonymity is a scammer’s best friend as it protects them from prosecution. These scam artists could be located anywhere on earth.
Another troubling issue is in regards to their licensing and registration. They claim to be licensed in the Marshall Islands which is not enough. A huge problem with their license number is it has been used in various online scam platforms. Once you see the license number MH96960, this is a code for scam. Why have the same license numbers with other known scam platforms?
Looking at their legal page, there is no information which is supporting any claim of being duly licensed. A real broker will post details of their licensing for investors to verify with regulatory bodies. These scam artists have failed to produce any valid registration detail which is a clue for scam. Investors are signing up without reading any contractual agreement which makes them liable. Why would you deposit funds to an unknown third party without reading terms and conditions?
A broker who is openly stealing from members could not have any advantage. These scam artists have created an enticing website to deliberately target rookie investors. Scam artists have gone a notch higher by making sure they call you directly to lure you to sign up. Their sales tactics are bully some to say the least. A broker who has no valid license does not hold any advantage. Recovering funds from such brokers is next to impossible due to their anonymous nature.
When it comes to depositing funds with Option FX, the process is easy and fast. And this is what these scammers want, a fast way to get your money into their accounts. Depository channels include American Express, Maestro, Neteller, PayPal, Skrill, and Wire Transfer among others. These channels are accessible from any corner of the planet. A huge problem with OptionFX is refusing to release funds to members. And this is where we draw the line with these scam artists.
Another shocking detail with these scam artists is lack of account details. Do they have different account types? What are their spreads and minimum acceptable deposit? There is no information regarding the acceptable minimum required deposit. These scam artists have perfected the art of openly charging minimum deposit amounts. Some members claim to have been asked to deposit $1,000 to start trading. Industry set minimum required deposit is $250.
OptionFX is furnishing users with a web based platform. A huge problem with their platform is lack of proper security measures. Notice their website lacks the basic security features? They have extended this carelessness to their web based platform which leaves users vulnerable to third party attacks. Hackers will easily take over this platform and steal credit card information. This wouldn’t be the first time hackers take advantage of an unstable platform to steal personal data.
Another issue with Option FX is not having the proper communication channels. These scam artists are in league with other fraudsters to harvest data information. What this means is can’t talk directly to them. They hold all the cards and decide when to talk to investors. And this makes dealing with such scam artists a pain in the neck. Why not have a live chat support team to make communication easier?
OptionFX is a broker who is anonymous and based offshore, funds will never be safe with them. Don’t expect any compensation as this platform does not participate in a compensation scheme.
Evidence clearly points at OptionFX being a total scam. Make sure to warn your family and friends in regards to investing with their shoddy platform It is highly likely investors are depositing funds straight to owner’s bank account.
Adding this scam platform to our blacklist will go a long way in protecting our readers. Make sure to mark all their emails as Spam and don’t believe any of their promotional materials.
Wishing all investors a lucrative and safe trading experience.
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.
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Hello ,
I arrived at OptionFX.trade via a robot: OptionRobot (https://www.optionrobot.com). Here I opened an account and fed the account with 300 euros. And after the weekend the robot couldn’t use the OptionFX.Trade platform. I was called by a Gavriel from OptionFX.Trade, who helped me make some money and then I deposited 700 euros at his insistence. He would have wanted 5,000 euros, but I said I didn’t have more. But then it didn’t help me any further. I decided to withdraw the money. All the money . I made the request, again on October 10 (2019). And since then he is not talking to me, nobody !!! So it looks like I fell into a trap. I probably won’t see that money anymore.
Me too,this autumn, got interested in a bitcoin robot (bitcointrader) and I was linked/forwarded to this broker OptionFX.trade, again the broker called me and did not suggest me to use the robot, but instead this man claiming to have a 73%+ success rate (that would pay him commission), which is not the case of robot trading, as the robot helps me make the decisions on trades.
250+another 250 USD lost since a follow up call managed to rob me through safecurrency (not to say safecurrency in itself is a scam). My withdrawal request still pending since 04 Oct.
Hab die selben Erfahrungen. Seit ich nicht mehr Geld überweisen wollte, ist jeglicher Kontakt nicht möglich und die Auszahlung ist auch seit Wochen unbearbeitet.
got scammed
Bin genauso betrogen worden .Insgesammt 4500 Euro in den Sand gesetzt. OptionFX ist voll die verarsche. Wünsche alle den A….Corona
I was just to deposit more money to buy signal just imagine pending on 50% lost my $250 got scammed
Me too, a man named by Mark claimed to be working in optionfx trading, he asked me to deposit 500 as a start, later he said I should deposit another 1000 as my profit grew, and then he asked me to deposit 3000 which he said supposed to be a withdrawal fee, and then 2000 which he said to be the withdrawal acceptance fee, after I paid that he still claimed that I should pay 5000 again for the money to reflect on my account, after I told him I can’t afford that he told me he will kill me ?♀️?♀️, this people are evildoers.
Me too, a man named by Mark, but on his bank account to be Salote M Josef claimed to be working in optionfx trading, he asked me to deposit 500 as a start, later he said I should deposit another 1000 as my profit grew, and then he asked me to deposit 3000 which he said supposed to be a withdrawal fee, and then 2000 which he said to be the withdrawal acceptance fee, after I paid that he still claimed that I should pay 5000 again for the money to reflect on my account, after I told him I can’t afford that he told me he will kill me ?♀️?♀️, this people are evildoers.