Startoptions.com is a platform that operates like an investment brokerage, claiming to provide Cryptocurrency mining, trading and exchange services. Start Options does not provide any information regarding who owns or is in charge of its operations. The domain where this site is hosted at was first registered in December 2005. It was updated on December 18th 2017, suggesting that this is the date when the new anonymous entity took ownership of it.
The Start Options website provides us with a residential address citing Manilla, Philippines as their physical location. On the other hand, an official presentation by Start Options is providing a Auckland, New Zealand physical address. When we conduct further research into the matter, we discover that Start Options is actually using the address of a cafe and not their own.
You can rest assured that Start Options has no physical presence either in New Zealand or the Philippines. It is quite clear from the way they are lying about their physical location.
Also, their support email contains the name “William Adelbert”. But when we carry out further research into the matter, no information is existing anywhere on the internet revealing that Mr. Adelbert is associated with Start Options. Therefore, we can safely assume that this is a fake name.
The current incarnation of Start Options seems to have appeared on or around May 2017. Back in 2016 when binary Options were the main thing, Start Options was operating like a Binary Options broker. This opportunity seems to have collapsed somewhere in October 2016 when the website decided to do a ”facelift’.
? 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.
Later when the current Start Options website appeared, their support email was associated with someone called “Marcello Flaviano”. This was followed with a corresponding Twitter account around June 2017.
Back then, Start Options was featuring a message on the footer of the site. The message stated that Start Options was a regulated entity and that they were being regulated by the New Zealand Securities and authorities. Their licensing number was FSP1623.
Close inspection reveals that this licensing number corresponds to that of City Forex which was incorporated in 2005. We had to go through the corporate records of City Forex. We found that it is owned by someone called Sunil Kumar Cheruvattath. Sunil Kumar Cheruvattath. Last annual confirmation FSP filing happened in July 2017.
After carefully considering this information, we suspected that Cheruvattath was the owner of Start Options. His name sounds very Indian. But you see, he could be operating from anywhere. He could be operating from South East Asia for example.
Now, if you are careful, you should think long and hard about joining something like this. If the owner is not upfront about anything, you should probably treat this like a scam since there is no need trusting someone who is not transparent and at the same time hustling you for your money.
It is laughable to think that this website has no real product or service to offer its customers. Instead, it is only offering affiliate membership which investors must participate in. Is this a valid business model especially now that no product or service is being offered alongside the scheme? No it is not.
Investors are promised that if they invest their BTC or USD into this ponzi scheme, they will make anywhere between 25% to 60% per month. In addition to that, an aggressive trading plan is also available which the website says will double your capital in just 30 days. Actually, they are promising 200% in one month,
The minimum investment for joining this site is $1000. The maximum investment is at least $35,000. You have to be careful with sites that claim to double your capital in one month. They are always a scam. Furthermore, the mention of aggressive trading means that you will ultimately lose all your funds with no option to ever recover them. You must be assured of this misfortune.
Of course Start Options is also encouraging investors to put more money into the scheme because the more they invest, the more they are supposed to earn.
The scam website also claims this statement on their website ”one of the world’s fastest growing Progressive Bitcoin Mining & Crypto Currency Trading‘’.
Other claims are ”540,000 active trading accounts, reliable execution with over 150 million trades filled to date, and operation in some 173 countries worldwide”.
Before we did this review, we also checked the Alexa ranking of this site and found that it was just under a million. Considering these numbers, it casts a shadow of doubt over this website’s claims.
The website is also making use of Forex trading Cryptocurrency mining and trading to explain where they are getting such high ROIs. But we already know that this platform is a living lie. If you want to mine altcoins, the only way to do it genuinely is to explore what these companies can offer you.
We have also observed that the Forex side of Start Options appears to be their failed Binary Options model which was later converted into Forex trading model.
On the other hand, the Cryptocurrency minig and trading side of things seems to be an attempt to cash in on the recent Cryptocurrency craze on the internet.
This is therefore an outright fraud because at no point did Start Options produce evidence which suggests that they trade and mine Cryptos to fund their supposed ROI.
Some time in May last year, this website was even claiming that they were offering automated Bitcoin trading program. They have since pulled down the statement.
This site is also illegally offering unregistered securities to US citizens. This further confirms that we are dealing with a scam.
Instead of addressing the question of why they are not regulated, Start Options is trying to circumvent this issue by re-framing their non compliance as a Cryptocurrency issue. Well, we can only say this website is phony. You will not get money out of them once you make the mistake of sending it. Please mine with these platforms.
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