Smart Stock Options (Smart-stockoptions.com) is a crude Binary, CFDs, Crypto Currency and Forex scam out to get your money. SmartStockOptions is another brutal Forex scam brought to you by offshore brokers based in Seychelles. Andrew has lost over $10,000 and his email is detailed regarding how he was brutally deceived. And this is why our investigation team made sure they got the truth. Read this detailed SMART STOCK OPTIONS review.
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Homepage screams of how this is an excellent trading platform to sign up with. A claim to make over 95% in 60 seconds can easily entice newbies to sign up. And these brokers know everyone wants to make money thus, make an incentive. These scammers have used the need to make money and turned it to their gain. Promise of making over 95% in 60 seconds is next to impossible. This is not a true claim and has no standing in any financial market.
Ask any expert, making over 85% successful trades is next to impossible. Market is always volatile and prices change constantly depending on unforeseen circumstances. Prices may change due to political reasons, boardroom wars, and competition. This is why guaranteeing making 95% win rates is next to impossible. Why would anyone sign up with a broker who is promising heaven only to deliver hell? Stay away from brokers who offer insane market promises.
Algobit Ltd is the company claiming to be behind this brokerage firm, they are based in Seychelles. Disclaimer at the footer of the homepage claims this broker is offshore based making it more dangerous. How can anyone trust their funds with a broker who is based offshore? Most Forex related scams are from brokers based offshore, mainly Seychelles and St. Vincent and the Grenadines.
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Another red flag we spotted with this broker is their anonymous nature. Who is the person running this brokerage site? Lack of this vital information is proof we are dealing with an offshore broker. Ensure you stay away from any broker who hides behind anonymity. This means we are dealing with offshore brokers who will say or do anything to take your friends.
Authorities do not have a clue a broker with this name exists. Ensure you stay away from any broker who is based offshore and lacks backing of regulatory bodies. Smart Stock Options is not licensed and so, makes it a dangerous platform. This broker is full of lies as we will explain in this review.
Disclaimer at the footer of the homepage has a registration number posted. IBC No: 198028 is simply a random number these scammers are using to try and validate this platform. Looking at the FCA’s official website, search shows there’s no results with this broker. This means broker in question has no legal backing from regulatory body. Anyone who signs up will lose their funds.
Smart Stock Options is offering three different account types for traders to choose from. These accounts are named Bronze, Silver, and Gold. Investors are promised a 20%, 50%, and 100% bonus after signing up. These scammers want users to deposit high amounts and suggest they will deliver on bonuses. Andrew claims he did not receive any bonus and was asked to deposit more to get bonuses.
These scammers will ask investors to continue depositing funds and promised bonuses in return. No users gets these bonuses even after increasing their deposits, clearly this is a scam. Stay away from this platform and ensure to sign up with industry backed products.
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According to details posted on the website, Smart Stock Options is using a web based trading platform. In order to test how well this platform works, we decided to test it. And this is where we faced another red flag with Smart Stock Option. Hackers get credit card details by hacking into unstable platforms.
Guess what hackers do with your credit card information? In most cases, these hackers will buy goods and services and use your credit card to pay for them. Not only will you lose funds deposited with this platform, but also funds in your bank account. Stay away from Smart Stock Option and any of their affiliate programs.
With damning evidence clearly revealing this is a fraud, funds are not safe. Where does this platform bank money deposited by users? This investigation has revealed investors are depositing funds straight to owner’s personal bank account. Make sure to stay away from any investor who deceives users when depositing.
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Another disturbing feature with Smart Stock Options is segregation of accounts. This broker is pooling all funds in one account which is extremely dangerous. Any loss of funds or misappropriation of funds by broker will not lead to any compensation. Smart Stock Options does not participate in a compensatory scheme.
When it comes to funding accounts, this broker has covered this area amicably. Depositing funds with this broker is easy and fast. In fact, depositing funds takes less than five minutes. No one should sign up simply because depositing is easy. Main problem with this platform is when it comes to withdrawing funds. And this is where we draw the line with Smart Stock Options. This is simply a fraudulent broker.
Evidence clearly reveals we are dealing with a certified scam artist. Smart Stock Options is a fraudulent brokerage firm which steals from investors. Mark all their emails as Spam and never click on any links sent by their email marketing team. Ignore all calls from their agents as these agents are harvesting data. This is a brokerage firm which is targeting unsuspecting online investors. Stay away from any broker who shares the same characteristics.
Adding this platform to our scam blacklist will hopefully put word out there this is a scam. Stay away from any broker who deals anonymously and lacks licensing credentials. . Stay away from this platform and sign up with industry backed Forex brokers.
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We wish you all the best, stay safe at all times.
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