SGOption (Sagioption.com) is another cruel CFDs and Forex scam platform targeting European investors. SG Option is claiming to offer exciting bonuses and light speed trading. Sagi Option is purporting to have more than 10 years of trading experience which is not true. With such empty claims and promises, most investors signed up without doing due diligence. It is why most are crying foul. Read this honest SGOPTION Review for more.
A sure way of making money with Forex trading is by using affordable and credible Forex robots. It is time to make money with dependable and transparent Forex robots. With a clear and trusted Forex trading tool, chances of winning increase by the day. Use Forex trading robots which have been recommended by Forex experts. Forex trading robots with a solid reputation are what you need to use. It is time to make the informed decision and start using effective and efficient Forex robots.
With most members ruing signing up with this platform, we had to investigate the root course. As it turns out, SGOption is another rotten Forex online scam targeting investors in Europe. Empty claims and promises have been used to lure investors into believing this is a legit platform. Thanks to our years of trading experience, we know how to spot a scam from a mile away. It is best you read this entire review and find out some of the tricks used by these scam artists.
Scam artists have perfected the art of cloning websites in an effort to fool investors. SGOption is another well-crafted cloned website which is a attracting investors in their thousands. With claims of having over 10 years of experience, most investors easily fall for it. It is why we must protect the good Forex trading name by exposing these scams. Make sure to spot and verify the information below on your own time.
Disclaimer at the footer of the homepage claims this platform is based in New York and the UK. For all we know, this could be another offshore brokerage site which is using fake credentials. Contact details seem sketchy as phone number has been verified to be a virtual phone number. Scam artists are using virtual phone numbers to entice users to believe they are actually based in cited regions.
? Want to make money automatically with Forex, Bitcoin and other Cryptocurrencies, Commodities etc without the risk of trading yourself? Are you ready for self-custody of your investment funds? Do you like the sound of regular consistent results and profitable performance? Tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard earned funds? Stop everything! WorldMarkets is for you! With the WorldMarkets AI Managed Account Services, only YOU are in control of your investment funds. WorldMarkets is a trading platform that uses artificial intelligence to handpick highly profitable and low-risk trades for its users. It also goes ahead to trade for you based on analyzed data. And yea, you guessed right, “it almost never loses”. This is indeed the holy grail of trading. It is much more reliable and profitable than paying gurus to trade for you, mulling over candle sticks or playing the luck game. Using this system, investors and traders have recorded over 30% Returns on Investment in less than a month. And with a 100% compound return, you simply cannot lose with WorldMarkets. All you have to do is sit back, manage your funds and let the AI trade for you. Are you ready to start making aggressive profits regardless of the market’s direction? If you are ready to leave the trading to the professionals and upgrade your monthly income, now is the time, head to WorldMarkets now and choose a plan to start trading. PS: WorldMarkets is a Profitable Forex/Crypto AI Managed Trading Service. 100% Verified and Recommended by Valforex.com.
Looking at their about us page, Sagi Option does not clearly indicate where they are ideally located. No one knows the actual founding members of this platform. It would be helpful if they posted a name of any broker associated with this platform. By doing so, it would make it easier to verify any scam claims. It is why they fail to issue any name as anonymity is dear to them. Scam artists don’t want authorities and victims to track them down for fear of retribution. It is why they prefer to stay anonymous.
Another disturbing feature with this platform is the lack of valid license and registration details. Being based in New York and London, you would expect the broker to comply with regulatory bodies. We contacted the bodies tasked with regulating Forex platforms in both countries. The FCA in the UK have never heard or licensed any broker with this name. In the US, the NFA and SEC have already issued a warning regarding the use of this platform. Any investor trading with this platform is in for a rude surprise.
Why have they failed to post any details regarding their trading license? Lack of any license certificates or documents is proof we are dealing with a scam. It is best to avoid any unlicensed entity as it means they don’t comply to set industry regulations. When it comes to trading platforms, SG Option is one to be avoided.
Having transparent binary options signal providers gives you a head start in trading binary. It is best to use genuine and tested binary options signal providers at all times. Make the informed decision today and start using honest and professional binary options signal providers. Whoever signs up with proven binary options signal providers stands a chance of making real funds. Why wait when you can start trading binary options today?
We could not come up with any advantage of trading with an anonymous and unlicensed entity. Whatever world you are living in, never trust a platform whose actual ownership is a mystery. Since the platform does not follow set rules, recovering funds remains to be a thorny issue. It is best to avoid trading with this platform or any other that shares similar characteristics. Stay away from SG Option.
SGOption is furnishing users with six different account types. Accounts are named Bronze, Standard, Gold, Platinum, VIP, and Admin Platform. Basic account holders are required to deposit $500 to start trading. It should be known that set industry standard is $250 and no one should ask for more. Accounts also come with a bonus which remains to be a bone of contention in the trading world. Stay away from accounts which offer bonus as they will come back to bite any investor who gets them.
When it comes to depositing funds with this platform, SG Option has this area well-covered. SGOption is using a wide array of depository channels which include Bank transfer, Bitcoin MasterCard, and others. Deposit and withdrawal page lists all available channels but fails to disclose withdrawal services. It has come to our attention that most members are being blocked from accessing their funds. With withdrawals being a major flaw, it is best to avoid any platform with such challenges.
Another serious flaw with this platform is lack of a working demo account. A demo account gives users a chance to know more about the trading conditions offered. Without a demo account, users don’t know the leverage and spreads available. With this kind of a loophole, it allows the broker to manipulate trading results with ease. Members trust an unknown platform with their trading practice.
According to information retrieved on their website, they claim to use MT4 trading platform. MT4 trading platform is a good platform to use if only the broker has their website well secured. It turns out SGOption is lacking in areas security wise as they fail to have DDoS Protection and SSL Encryption. Hackers can easily gain access to this website and steal personal data thanks to security flaws. It is best to avoid this platform or else become another Cyber victim of credit card fraud.
Safety of funds with SGOption is in doubt as the broker fails to secure their website. How can funds be safe with a broker who is anonymous and unlicensed? SGOption is not recognized by any regulatory body which means funds are not insured. Members should not expect any compensation once the platform faces bankruptcy or shuts down. It is best to avoid such platforms without a valid trading license.
It is clear SGOption is a scam with no trading results being disclosed. Stay away from this platform and mark their emails as Spam. Warn your family and friends from joining any of their affiliate programs.
We will be adding this platform to our scam blacklist to protect our readers from falling victim.
Another way of making money is using dependable Forex brokers. Make sure to sign up with brokers with a solid reputation.
We wish all investors a safe trading experience.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
February 8, 2019 By Ghazanfar
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
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… Read More