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OptionsSet Review: Optionsset.com Dreadful Forex Scam

OptionsSet Review: Optionsset.com Dreadful Forex Scam

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OptionsSet (Optionsset.com) is a cruel Binary Options, CFDs, Crypto Currency, and Forex platform scam to grace the scene. Options Set is purporting to offer 92% welcome bonus to anyone who signs up with them. Before signing up, you should know what some members have been through at the hands of this platform. Members are crying foul after having their funds stolen. Read this detailed OPTIONSSET Review and get the truth.

OptionsSet Review

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OptionsSet Review

What these scam artists are after is getting you to sign up with them. Empty claims and promises have been used to lure investors to sign up. OptionsSet is using a 92% welcome bonus as an incentive to sign up. Once you deposit funds, your account balance will reflect a 92% bonus balance. After you start trading, you will lose your bonus and remain with your initial deposit. By this time, members receive a call and are asked to deposit more funds and make more profits.

Professional scam artists are known to clone websites in order to deceive investors. If you fail to deposit more funds, you won’t be able to withdraw your remaining balance. These scam artists will demand you pay them back their bonus before withdrawing.

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About OptionsSet

Scam artists are known to use already registered entities and associate themselves with them. OptionsSet is claiming to be owned by B.O TradeFinancials Ltd. What these scam artists are doing is try to make it look like they are Cypriot registered brokers. High payout of 81% is another random number used to try and get investors’ attention. And this is why we will be exposing their dirty tricks for all to see. Stay away from Options Set as it is another rogue platform.

Anonymity is what sells them out as scam artists. Looking at their entire website, there is no mention of any founding member. It begs the question, who are the people running this website? As it turns out, these scam artists don’t want to be recognized for obvious reasons. Afraid of being tracked by authorities and investors, they refuse to dish out their actual names. And this is where draw the line with irresponsible and lame brokers. OptionsSet should not be trusted with your funds.

Is OptionsSet licensed or registered?

OptionsSet License and Registration

Looking at their about us page, these scam artists claim to be registered in Cyprus. After checking with CySEC, some damning revelations were found. B.O Tradefinancials Ltd is indeed registered. Problem with this is their associated broker is not OptionsSet. As we said earlier, scam artists will do or say anything to make sure their platforms appear legit.

Another problem with OptionsSet is lack of any documents to support their claim of being registered. Why not sign up post copies of their license status for all to see? A real broker will post details of their license to prove authenticity. Lack of these vital documents is proof we are dealing with an illicit broker. Another problem is obviously trying to use another registered broker’s name to feign regulation. These are scam artists who will break rules just to get your money.

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Features of OptionsSet/ Advantages

For a broker to have any advantage, they have to offer real trading services. Stay away from rogue brokers who are using fake registration details such as Options Set. Another huge problem with this platform is having no safety precautions. Looking at their website, it lacks basic security features. What these scam artists are doing is tarnishing the good online trading name. Exposing their tricks will ensure investors don’t fall for their trashy scams.

Disadvantages of OptionsSet

Accounts offered

OptionsSet Account Types

OptionsSet is furnishing users with five different account types to choose from. Accounts are named Basic, Premium, Gold, VIP, and CORP. What we first saw to be a huge red flag is the high minimum required deposit with these accounts. The most basic of accounts is asking for $500 as the minimum required deposit. And this is a huge problem as it breaks the set industry minimum of $250. No one should sign up with accounts which offer a high depository amount. It simply exceeds the set limit by regulatory bodies.

Deposit and withdrawal

Another issue we found is with their account funding options. Depositing funds is easy and fast as expected with any online trading platform. Some of the depository channels used include Bitcoin, MasterCard, and Visa. What we have a problem with is how members fail to gain access of funds once they deposit. If you want to withdraw funds with this platform, you will wait till the world tilts. As most members are professing, no one is able to withdraw funds with this platform.

Fake claims

Have you scrolled down their homepage and seen the empty claims posted? One of the main problems we have with Options Set is using fa e claims. They claim to have over 70,000 users and over 6, 000,000 transactions completed. And this is where we have trouble with such scam platforms. These scam artists are only ripping off anyone who signs up and deposits with them.

Unresponsive support team

Lack of a basic live chat support team is one reason why we are against signing up with this platform. No one is able to talk with any of the representatives unless they contact you. And this is what makes this a scam as these brokers choose which emails to respond to. And it has come to our attention that they are only responding to deposit queries. Once you send withdrawal request, no one will be able to answer you.

Are funds safe with OptionsSet?

As they hold no valid trading license, we can safely assume funds are not safe with this broker. Dealing with illicit brokers only has one ending, you losing out on funds deposited. A huge problem with this broker is lack of proper information regarding banking details. Who handles the funds after being deposited by investors? Is it possible users are depositing funds to an unknown platform?

Is OptionsSet a scam?

OptionsSet Deposit Channels

OptionsSet is a scam which makes no apology for stealing from users. Segregation of accounts is not being done as funds are pooled in one account. Mark all their emails as spam and never click on any links sent by their email marketing team.

Verdict

Bottom line is no one should sign up with this broker. We will be adding this broker to our scam blacklist and protect our readers.

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Wishing all the best in your future trading experience.

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One Reply to “OptionsSet Review: Optionsset.com Dreadful Forex Scam”

  1. NEVER EVER USE OPTIONSSET
    When I first started talking to 6months ago and I’ve invested at 30k and they say that I have to withdrawal all of it at once but after I sent them fees after fees and still never received my funds.

    Optionsset is a scam

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