Full Options Trades’ website looks quite professional. At first glance, it is easy to believe that this is a legitimate broker. In addition to a well-arranged website, this broker claims to be award-winning, which contributes to the manipulation that Full Options Trade carries out.
When we scratched beneath the surface, it turned out that the broker was lying about its regulation. In addition, a bunch of information that traders need is missing. It was easy for us to conclude that this is a scam investment scheme.
That’s why we advise you against doing business with this company. If you’re still not sure, read our Full Options Trades review to the end and see what are the markings of an investment scam.
Full Options Trades Regulation and Fund Security
Full Options Trades says on its website that it is licensed by the regulatory body International Financial Services Commission (IFSC) of Belize. When we checked the IFSC registry we did not find a company named Full Options Trades. It turns out that the company lied about its licensing, but that should come as no surprise.
The broker claims that its headquarters are located in the US, but that it complies with the laws that apply in the UK which is absurd. In reality, the company is not regulated in either of these countries.
Trading Platform Used by Full Options Trades
The company advertises the industry standard MetaTrader4 trading platform. This platform is a favorite among traders all over the world, no matter how much experience they have.
It would be nice if Full Options Trades offered MT4, but it’s just a trick to make users think it’s a legitimate broker. The platform they have is faulty at best. We also tried to find some other trading platform that the broker might offer but to no avail.
Full Options Trades Deposit and Withdrawal Process
We did not get access to the client area so we can only present your information that is already on the website. Full Options Trades says it accepts payments via credit and debit cards. But there is a strong possibility that the company only accepts payments in cryptocurrencies.
This is a favorite payment method of fraudulent brokers, as it cannot be reversed. If the firm claims to offer several payment options, and in the end, it turns out that the only way to deposit is via cryptocurrency, give up because it is a scam.
The fraudster did not reveal the types of orders it offers, so we were not even able to find out what are the withdrawal conditions.
Full Options Trades Offers Bonuses and Promotions
Full Options Trades offers its traders a welcome bonus. The welcome bonus is realized when making the first deposit. It is possible to get from 10 to 100% bonus in the amount of up to 10,000 dollars.
What the broker does not state are the conditions for withdrawing the bonus. Scam brokers usually require a certain number of bonus turnovers to qualify for a withdrawal. Usually, their conditions are impossible to fulfill, and it will seem to you that your money is trapped in the account. In fact, this is a scam method that allows scammers to reject your withdrawal request an infinite number of times.
How is the Scam Implemented?
Full Options Trades pays most of its attention to the appearance of the website and to potential clients. After users make a deposit, the scam broker likely manipulates the platform so that it appears to users that their money is actually being traded.
The client’s ideas about earning will be shattered when he submits a withdrawal request. His request will be rejected, the conditions that come with receiving the bonus will appear, as well as the sudden huge fees charged by the unauthorized firm. Since the broker is an unregulated broker, scammed clients will have no one to turn to.
The Best Forex Brokers
We have prepared for you a list of the best brokers, who are on this list for a strong reason. In the table below the text, you can find brokers that meet all the conditions that traders need, and in addition, they have good trading platforms. Some of them even have very low minimum deposits for micro-accounts. All listed companies are regulated, which means there is no room for fraud.
|FXTM Broker||Cyprus, UK, Mauritius||4.5||$10||Forextime.Com|
|OctaFX Broker||Cyprus, SVG||4.4||$100||OctaFX.Com|
|FP Markets Broker||Australia, Cyprus||4.7||$100||FpMarkets.Com|
|XM Broker||Cyprus, Belize, Australia||4.7||$5||XM.Com|
|HFM HF Markets Broker||Cyprus, UK, South Africa, UAE, Kenya||4.3||$5||HFM.Com|
|FBS Broker||Cyprus, Belize, Marshall Islands||4.85||$100||FBS.Com|
Full Options Trades Summary
This broker is an obvious scam. A company that claims to be located in one continent, but is regulated by a regulatory body from another continent cannot be a real broker.
As much as the fraudsters try to look like the world’s leading brokerage on the website’s home page, anyone who does a little more research will realize that critical information is missing. The best thing you can do for yourself is not to invest money in this scam company.
FAQs About Full Options Trades Broker
Is Full Options Trades Legitimate?
Full Options Trades is not a legitimate broker.
What Are the Funding Methods at Full Options Trades?
Full Options Trade says it accepts payments via credit and debit cards.
Is my Money Safe with Full Options Trades?
Your money is not safe with the Full Options Trades broker.