Options Animal is a crypto mining site that specializes in aiding investors in making guided investment decisions. They specialize in making sure that their investors are equipped with the necessary information to start trading.
It is done through a series of courses that their investors have to register to get the benefits so desired. The courses are tailored to customer requirements, and the costs range from $500 to $6500.
The membership fee above is a mandatory payment for one to start trading using this website.
Legit crypto mining sites cascade their minimum investment fees to their clients for effective decision making. This site, though, has not shown any of this. The only price provided is that of registering for online trading courses, and this leaves us wondering how potential investors are expected to make meaningful decisions about their money if this information isn’t provided. There is, therefore, a significant gap that needs to be fixed.
Every aspiring investor should be allowed to identify the amount they are willing to part with, as an investment to trade. Every investor’s goal is to trade with legit trading platforms in the market.
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Proof of performance
In crypto trading, the only proof of performance is trading live. All legit crypto mining companies trade live to show their investment partners the reliability of their strategies during actual trading. They can show how their stop-loss orders work, their copy trading if they do so, and any other policy they employ.
The only ‘proof’ shown in this trading platform is that of the courses undertaken when joining optionsanimal.com. However, the platform doesn’t explain that there’s a vast difference between learning to trade and trading in practice. Trading involves the evaluation of the different factors surrounding Forex Trading to market effectively and win.
Optionsanimal.com claims to show us the live proof of their performance. But all these promises go down the drain once you click the link and end up with a bunch of recorded lessons. For a site that claims to gain profits of 91%, there’s no evidence of them using real money to win this much. They provide too much information with no actual practice.
Optionsanimal.com claims to have a money-back guarantee policy for their clients. On completion of the training course, the investor is expected to apply the knowledge gained to trade and win. It is after this training that one can get a refund, but only if no income has been made yet after trading.
According to them, the refundable amount is the total tuition fee paid minus an administration fee of $500, and this is a perfect strategy for luring investors to trade with them. In the reviews of their site, no one has received a refund yet. It might be another scammer here to harvest where they have not planted.
The use of insecure sites is hazardous. It brings with it the exposure of personal information to hackers and other third parties whose main aim is to perform fraud. This might include your credit and debit card passwords, login identifications to online banking sites, and any other personal information that might be shared on the web.
Options Animal is trading using an unsecured site. The reason for them choosing this kind of location is not known. One thing is right, though, and they don’t care about your personal information one bit. All they want to do is make themselves money.
Be very vigilant when engaging in online trading and perform your due diligence about the broker you intend to trade with. Their website is as shown besides http://www.optionsanimal.com/.
It’s essential to work with proven trading strategies to make it in the online Forex trading platform. The one method used by optionsanimal.com is that of the online trading courses offered that helps traders learn what it takes to win in the options market.
We all understand the fascination of them offering the trading courses, but we also need proof of a workable plan. How do you prevent a significant loss in practice? There are no defined spreads; thus, one cannot know the spreads are fixed into what pips to see if it’s a worthy investment.
Costs of funding and withdrawing money from the account
The cost of funding in Options Animal is very high since the courses themselves cost $500-$6500. These amounts don’t include the initial deposit as they have not defined it.
The minimum withdrawal amount is also missing in their site, which means the investors would be investing blind. The essence of investing is getting income, but if the minimum withdrawal isn’t provided, how then do you spend?
Registration and regulation
According to optionsanimal.com site, they are based in Pleasant Grove Blvd, Pleasant Grove, UT 8402 in Suite J. This is not true as their registered location according to whois.com is 96 Mowat Avenue in Toronto City in ON State in Canada.
Pleasant Grove is in Utah, USA. The regulatory bodies in the US are the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). Neither of these regulators has regulated optionsanimal.com. The only reason for this is to remain anonymous.
As this crypto mining company is based in Toronto, Canada, it should be regulated by the Investment Industry Regulatory Organization of Canada (IIROC). However, this is not the case. IIROC hasn’t regulated this broker. The broker is, therefore, operating in an unregulated state and thus can’t be trusted.
These facts explain why optionsanimal.com might not be a legit site as all Forex brokers and dealers are mandatory expected to be registered and regulated by the necessary regulatory bodies.
Contact and customer support
According to this crypto mining site, their contact email address is [email protected] It is in contrast with the one in their registration details [email protected] Why would they provide varying email addresses meant to ease communication between them and their clients? Legit mining sites provide reliable communication channels to facilitate the communication process.
They have also provided a phone number 1-888-297-9165 in contrast with the registered one +1.4165385487. It can’t be a coincidence that all its information doesn’t match with its registration details. The provision of different data is a way to remain unreachable when needed by clients since their business is shady.
The success rate
According to optionsanimal.com, their success rate is 91%, and this is a very high and luring success rate for investors. We took it upon ourselves to find if this is true.
We found out that the only gains recovered from this site by traders were 5% in 6 months. Most trades led to losses that were repaired and turned profitable. Our next question was whether the profits came from existing stock or from the money used to trade.
By this minute, your mind is clear about all the wrong things about this platform. We expect you to be very vigilant when approaching this site for trading advice or even investment.
The many loopholes in this broker call for second thoughts, from the fact that they are unregulated, and their registration data differs from the fact that the minimum investment and withdrawal amounts are not defined. You should invest with legit crypto mining company always make the most appropriate investment decision for your future.
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