Menu Review: Is Worthtrade Option a Scam? Review: Is Worthtrade Option a Scam?

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Worthtrade Option provides trading in binary options across a wide range of assets which include currency pairs (Forex), stocks, indices and commodities. The platform claims that it offers real time execution and a user friendly trading environment where traders of all levels can participate in the financial market to make money. They also claim that the platform is intuitive and is designed with the latest technology that is geared towards making life easier for the professional and novice trader alike. Worthtrade Option also provides education for its investors. These include seminars, webinars, daily market updates, analysis and many more. This is supposed to help traders increase their knowledge and make money ultimately.

However, binary options have been controversial since last year. Even though this broker claims to offer binary options for trading with the best customer experience and money managers, the fact of the matter is that there is no way a broker can offer this trading instrument legally in the EU and also in the US. On the same note, Worthtrade Option is based in the UK since they offer a phone number with a UK area code. That means that not only are they targeting UK residents, but people who who would like to trade and are living in different parts of the world.

Another claim that the platform has made is that they are providing an easy to use, safe and secure trading platform which every trader can use to make money. They have even include Crypto currency payment integration, which makes it even more dangerous because with Crypto currency payments, there’s no reversing transactions. As long as you have funded your trading account in Crypto currencies, there is no way you can ever recover your money from this broker if things go wrong. We plead with you to only trade with reputable brokers who have been authorized to provide brokerage services to traders on the internet. In the UK, these brokers are authorized to operate this service with bodies such as CySec and the FCA. In Australia, they have the ASIC which regulates this kind of activity. These are very reliable bodies and their brokers are not likely to misbehave due to the fines and penalties which they are likely to suffer in the event that they end up scamming or mishandling their customers.

Worthtrade Option

In case you are looking for those brokers, you can pick any from this list of brokers who are properly regulated and are enjoying good customer feedback all over the internet.

Worthtrade Option review

The broker claims that the reason traders should invest with their platform is because not only are they offering excellent trading instruments, but they are also supporting them with the best tools: volatility alerts, market updates, stock screeners, calendars and newsletters. In terms of support, this broker offers phone and email support. However, there is no chat support. Chat support is an important feature which you will find most brokers offering. But with this broker, this is not an option. Their phone number clearly points that their location is in the UK. So that also raises questions as to whether they have their papers in order with regards to the FCA requirements.

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Because they are offering binary options for trading, we should expect them to offer a wide range of assets for trading because no broker in the modern era who will offer a few trading assets. But that should never be treated as an advantage if the rest of the things that matter have not been solved. When you visit the homepage of this broker, you will find a statement that claims that they are offering binary options for the next generation. They also claim to be an award winning broker but when you look for any signs of this award on their website, you will find none.

What we are saying here is that none of these claims can be verified by this broker. It is also not very clear what trading platform that Worthtrade Option is using but from our experience, most binary options brokers use the popular call and put trading platform. This is different from the popular MT4 trading platform since the former is not equipped with sufficient instruments that can help traders make the right decisions at all times. In fact, it does not come with a feature that lets traders upload their expert advisors for trading.

In short, trading while conducting market analysis on this platform is quite difficult. One would be looking for a platform where they can gamble in order to use this trading software. On the other hand, MT4 trading platform is unbeatable. It comes with all these features and your life will be made easy as a trader who wants to automate your trading activities. But it also caters for manual traders as well. Most of us started trading without the aid of any software and we found this platform to be very useful.

Not regulated

Worthtrade Option is not a regulated broker despite the fact that they are based in the UK. That is a very disturbing thing to consider. In a world where competition is so high and every professional broker is looking to secure authorization in order to legally operate their business, customers will be looking for the safest brokers to trade with. So this means that unregulated brokers will automatically fail to secure a good number of customers due to fear of getting scammed. But this is a real fear and a possibility. Worth trade Option is not regulated and they are saying nothing about it. The main thing is that if they are unregulated, then it simply means that they are offering a very dangerous place to put your money in.

Our best advice for you

You cannot trust these guys at all due to their unregulated status. Worthtrade Option could be a scam. If you are looking for the best brokers, click this link and sign up. Avoid unregulated brokers by all means.

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3 Replies to “ Review: Is Worthtrade Option a Scam?”

  1. Not a scam. Very legit when I saw this review I never wanted to invest but then i did. I made 23k maybe your account manager was a the bad egg

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