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Company Name
Trade Option
Company Abbreviation
TradeOption
Platform registered country and region
Gibraltar
Company website
Company summary
Pyramid scheme complaint
Expose
Note: TradeOption's official website: https://www.tradeoption24.net/ is currently inaccessible normally.
TradeOption is a Gibraltar registered brokerage company who provides binary options and forex trading. The company support trading on MT 4 and MT 5 platforms. However, it operates without regulation from any authorities, which is quite risky.
Pros and Cons
| Pros | Cons |
| Multiple Account Types | Lack of Regulation |
| MT4/5 Trading Platform | Unavailable Website |
| High Minimum Deposit | |
| No Demo Accounts | |
| No Info on Commissions |
Is TradeOption Legit?
TradeOption holds an FCA (Financial Conduct Authority) with license no.600548. But the license is suspected to be fake clone, such abnormal regulatory status raises doubts about its legality and credibility.
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | Status |
 | Financial Conduct Authority (FCA) | Peter Lavers | Appointed Representative (AR) | 600548 | Suspicious Clone |
What Can I Trade on TradeOption?
You can trade forex pairs and binary options on TradeOption.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Cryptocurrencies | ❌ |
| Stcoks | ❌ |
| Mutual Funds | ❌ |
| Binary Options | ✔ |
Account Type (Minimum Deposit/Leverage)
TradeOption offers four types of accounts, including Basic Account, Silver Account, Gold Account, and Platinum Account. The minimum deposit amount for each account is $300, $500, $1,000, and $1,500 respectively, which is higher than the requirements of most brokers.
Nevertheless, it does not provide demo accounts.
| Account Type | Min Deposit | Max Leverage |
| Basic Account | $300 | 1:400 |
| Silver Account | $500 | |
| Gold Account | $1,000 | |
| Platinum Account | $1,500 |
Trading Platform
TradeOption claims to support MT4 and MT5, however, attempts to download these platforms from their site lead directly to the developer's website, MetaQuotes, which means they do not have access to MT4/5 at all.
| Trading Platform | Supported | Available Devices |
| MT4 | ❌ | computer and mobile phone |
| MT5 | ❌ | computer and mobile phone |
Deposit and Withdrawal
TradeOption only supports paying via encrypted payments, Western Union, and MoneyGram. Visa and MasterCard, as well as bank wire transfers and electronic wallets such as Skrill and Neteller, are not supported, and there is no specific information about whether handling fees are required.
Customer Service
You can connect to TradeOption through phone and email. They also offer 7/24 online chat.
| Contact Options | Details |
| Phone | +1(626)790-1319 |
| support@tradeoption24.net | |
| Online Chat | 7/24 |
| Supported Language | English |
| Website Language | English |
The Bottom Line
TradeOption offers forex pairs and binary options, along with diverse account types to choose from. However, the broker's website is currently inaccessible, with only very limited information available. In addition, they lack legal regulation. Anyway, traders are always advised to choose a legally regulated broker.
FAQs
Is it safe to trade with TradeOption?
It is unsafe to trade with TradeOption as it is not legally regulated.
What is the minimum deposit at TradeOption?
The minimum deposit is $300.
What is the maximum leverage offered by TradeOption?
The maximum leverage is 1:400.
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