Abstract:Tradequickoption.com was launched in December 2019 and according to their website, Trade Quick Option is a company incorporated in Canada.
General Information & Regulation
Tradequickoption.com was launched in December 2019 and according to their website, Trade Quick Option is a company incorporated in Canada.
Markets Instruments
Trade Quick Option initially stated on the homepage that they are a company that offers trading in Forex, Binary Options and Crypto. However, their “About us” page appears to refute the claim by insisting that they only deal in Cryptocurrencies like BTC, XRP, ETC, and ETH. TradeQuickOption also states that they use advanced investment techniques to guarantee huge returns even when the price of Crypto is falling. They claim that investors have a 100% guarantee that their money will not be lost if they “invest” it with TradeQuickOption.
Investment Plans
There are 4 investment plans offered by TradeQuickOption in total. The “VIP” investment plan promises 100% returns in 48 hours if you invest $2,000. What they essentially mean is that if you put in $2,000, you will get another $2,000 in the next 2 days. Now, this is the description of what people call an investment fraud. When you are a person who likes to throw their money into such websites because you;re greedy, you will find yourself losing money all the time. There is no trading that can double your investment in 2 days. In fact, even the most aggressive of traders have reported that when they doubled their risk, they ended up churning and burning their accounts.
Therefore, these “investment plans” are basically a way to lure the financially unsophisticated. This is different from what we know as true investment.
Customer Support
Support can be contacted using the email: SUPPORT@tradequickoption.com. However, phone number has not been revealed because Trade Quick Option believes this feature is for “VIP” clients, which is quite weird and unusual.
Risk Warning
TradeQuickOption is a silly scam. It is suspicious just like this Gold buying and selling scheme. If you want to lose your money, go ahead and give it to them. But if youre sane, please avoid websites operating like Trade Quick Option. They are an illegitimate investment operation and a scam.
Founded in 2014, Olymp Trade has been operating for over a decade, expanding its services and user base considerably, now offering focused trading in fixed-time trades (previously known as binary options in some regions) and Forex. Specifically, Olymp Trade operates two trading modes: fixed-time trades and forex mode. Fixed-time trades refer to trades with predetermined expiration times, where traders predict market movement directions. Payouts typically range from 70-90% of the investment amount. Forex Mode is a more traditional forex trading approach with variable leverage (up to 1:500 for experienced traders). At the same time, it allows for more sophisticated trading strategies with customisable take-profit and stop-loss orders.
Novatech FX Ltd. (“Novatech”), founded in 2019, was registered in St. Vincent and the Grenadines, a jurisdiction known for its minimal regulations and booming unlicensed brokers. NovaTech, which said it was a leading forex and crypto trading platform, claimed to have its own trading software with deep liquidity. Mostly active from 2020 to 2023, they attracted investors by promising monthly returns of 3% to 5%. Accusing them of a $600 million investment fraud, the SEC filed charges on August 12, 2024, against NovaTech FX, Cynthia and Eddy Petion, and several promoters.
Maxxi Markets is a forex broker founded in Comoros that offers traders access to a diverse range of financial instruments. With product offerings spanning commodities, forex, indices, metals, cryptocurrencies, and bonds, the broker caters to a wide spectrum of trading interests. Backed by the Mwali International Services Authority (MISA) under an offshore Retail Forex License (license number T2023425), Maxxi Markets combines innovative technology with varied account options to serve both novice and experienced traders.
Selecting the right forex broker can make the difference between trading success and frustration for most investors, especially retail investors. As retail traders gain unprecedented access to global markets, the choice between platforms like JustForex and JustMarkets becomes increasingly significant. Both brokers offer some shining features within the forex and CFD trading space, but their approaches differ in some areas.