Options Dealers (Optionsdealers.com) is a CFDs, Crypto Currency and Forex scam broker to hit the lucrative trading world. OptionsDealers is purporting to offer access to all financial markets in one platform. OPTIONS DEALERS is offering users a chance to trade Binary options as well. Complaints have been sent to us by investors who lost money with this broker. And that’s why we decided to carry out this Options Dealers Review.
What these scammers have done is create a compelling website that no one can cast a doubt. Homepage has some images that clearly depict charts, Bitcoin symbol and learners taking note. With this kind of website, it’s clear why users would easily fall for this website. Other details such as claims and promises have been added to lure investors into believing this broker. Here’s a few tricks used that we thought you should know before signing up.
Claims and promises are an important bag of tricks that scammers use to entice users. Options Dealers is no different as they promise users they will trade Bitcoin with leverage of 1:10. This broker also claims that signing up with them means partnering with at a global level. All these are empty theatrics meant to increase the legitimacy of this fraud. Make sure to read this entire review as we expose the dirty tricks used.
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According to the disclaimer at the bottom of the homepage, Options Dealers Investment Firm owns this platform. Problem we have with this website is the level of anonymity it uses in regards to ownership. Have you realized that there’s no mention of the actual people behind this platform? Who is the CEO or CFO of Options Dealers Investment Firm? Using search engines, there are no results regarding this company.
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And this is clear evidence that we are dealing with a professional scam outfit. Anonymity is a dangerous character to associate with especially in any online investment platform. Reason why this broker remains anonymous is because they are a fraud. Anything this website says cannot be trusted since we are dealing with scammers.
Disclaimer at the footer of the homepage clearly states that this broker has been registered. Remember that these are professional scammers and they will do or say anything to make their platform appear legit. According to the disclaimer, they claim that this broker has been registered by International Financial Service Commission. IFSC of Washington is the body that has supposedly licensed this broker and issued a license number IFSC/93/395/DHI/19.
A real broker will easily post their registration credentials for everyone to see. This is in line with set regulations and standards as it helps to show transparency. Reason why this broker has not posted their certificates and documents is simple.
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Options Dealers is using MT4 trading platform for trading. Claims that their trading platform has popular chart tools are lies. There are more fake claims such as having immediate order execution and real time results. In order to test whether these claims were true, we had to download the platform. Download could not complete.
A platform that does not complete download simply means it’s highly unstable. An unstable platform is bad news for any trader as it leaves users vulnerable to Cyber-attacks. Hackers find these platforms easy breeding ground for personal data theft. Make sure you stay away from this platform as it will leave your bank accounts vulnerable.
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Options Dealers is offering users four different account types to choose from. These accounts include Basic, Silver, Gold, and Platinum. Minimum required deposit to start trading with these accounts start from $1,000, $5,000, $10,000, and $20,000. That’s not all, according to the information given, there’s a profit limit with these accounts. How can users be issued with a profit limit with each account?
What we discovered odd with the profit limit with each account is how much it is. Profit limit is ten times the initial required deposit by each member. Note that this broker does not have a live chat support team. Users who trade with this account are also promised lessons on trading. If you haven’t noticed, these accounts have the same perks, there’s no actual difference.
To be totally honest with you, funds are never safe with an anonymous broker. This broker fails to give users vital information regarding bank partners. Where do they bank money deposited by users? It’s highly possible that users are depositing money straight to the owner’s personal account. Signing up with an anonymous broker is highly risky.
When it comes to following the rules of trading, this broker breaks all of them. There’s no segregation of accounts is not done here. It means that Options Dealers is pooling funds in one account which is extremely dangerous. In case of bankruptcy or insolvency, this broker will lose all funds at once. Make sure to stay away from a broker who does not participate in a compensatory scheme.
As we earlier said, this broker will do or say anything to make their platform appear legit. Looking at some of the testimonials used, all of these testimonials praise how well they have cashed out. And this is what these scammers want investors to believe, that cashing out is possible with OptionsDealers. There’s only one problem with these testimonials.
People used in these testimonials are not real; these are simply images of unknown people. What this broker has done is download random images and post materials to support this platform. These people cannot be reached for comment because they are unreal. And that’s where we draw the line with this bogus broker. Make sure you stay away from this broker and ignore all attempts to sign up.
Without a shadow of doubt, Options Dealers is a scam that waits to pounce on unsuspecting investors. From their level of anonymity to using fake credentials, this is surely a rotten scam. Make sure to mark all their emails as Spam and never click on any links sent by them. Warn your friends and relatives from signing up with this fake broker. This is the only way to stay safe from this vicious broker.
From the data collected it’s safe to say that Options Dealers is a fraudulent broker. Next option for us is to add this broker to our scam blacklist. Stay away from this broker and ensure you ignore all incoming calls from their agents.
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Lastly, we wish you all the best in your Forex trading investment.
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