CryptoOption-Some Important Details about This Broker

CryptoOption | 2022-10-19 18:12

Abstract：Registered in Saint Vincent and the Grenadines, CryptoOption presents itself as a forex broker providing various trading instruments. As the official website of this broker cannot be accessed, we could not obtain more essential details about its trading instruments, leverage, spreads and commissions, trading platform, minimum deposit and more. There is no information mentioned about who run this broker, and it has been verified that this broker is not authorized or regulated by any regulatory authority. Please be aware of the risk.

Since CryptoOptions official website (https://cryptobinoption.com/) cannot be opened for now, we could only piece together the rough picture of this forex broker by gathering some relevant information from other websites.

General Information

Registered in Saint Vincent and the Grenadines, CryptoOption presents itself as a forex broker providing various trading instruments. As the official website of this broker cannot be accessed, we could not obtain more essential details about its trading instruments, leverage, spreads and commissions, trading platform, minimum deposit and more.

There is no information mentioned about who run this broker, and it has been verified that this broker is not authorized or regulated by any regulatory authority. Please be aware of the risk.

Market Instruments

So far, we assume that CryptoOption at least provides forex, cryptocurrencies. other trading instruments are not available.

Minimum Deposit

The minimum deposit to invest with CryptoOption is not disclosed. however, given the fact that this broker is an unregulated offshore broker, investors are advised to pass it and choose those legit ones.

Leverage

Trading leverage cannot be found anywhere. Since leverage can magnify gains, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Trading Platform

CryptoOption does not elaborate on what trading platform it provides.

Customer Support

As an unregulated offshore forex broker, CryptoOption provides the poor customer support, and they can be only reached through an email: support@cryptobinoption.com, which could be served as further evidence that this broker is an unreliable one to trade with.

Registered Company Address: 25595 BC 2019, Suite 305, Griffith Corporate Center, P.O. Box 1550, Beachmont, Kingstown St. Vincent and the Grenadines.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Forex Broker Forex trading

Related broker

No Regulation

CryptoOption

Company name：CryptoOption

Score

1.42

Website：https://cryptobinoption.com/#rec370866635

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.42

Doo Financial Expands Regulatory Reach with Offshore Licenses in BVI and Cayman Islands

According to the report, Doo Group, a prominent Singapore-based online brokerage firm, has strengthened its global presence by securing new offshore licenses for its brokerage brand, Doo Financial. The company recently announced that entities under the Doo Financial umbrella have been granted licenses by two key offshore regulatory bodies: the British Virgin Islands Financial Services Commission (BVI FSC) and the Cayman Islands Monetary Authority (CIMA).

Original 2024-12-25 18:54

Why is there so much exposure against PrimeX Capital?

In recent months, PrimeX Capital, a Forex and CFD broker established in 2022, has become a subject of concern in the trading community. However, despite these enticing features, the broker's reputation has been severely tarnished by multiple complaints and a troubling lack of regulatory oversight.

Original 2024-12-25 18:24

The Hidden Checklist: Five Unconventional Steps to Vet Your Broker

Forex broker scams continue to evolve, employing new tactics to appear credible and mislead unsuspecting traders. Identifying these fraudulent schemes requires vigilance and strategies beyond the usual advice. Here are five effective methods to help traders assess the legitimacy of a forex broker and avoid potential pitfalls.

Original 2024-12-24 16:56

Doo Financial Obtains Licenses in BVI and Cayman Islands

Doo Financial, a subsidiary of Singapore-based Doo Group, has expanded its regulatory footprint by securing new offshore licenses from the British Virgin Islands Financial Services Commission (BVI FSC) and the Cayman Islands Monetary Authority (CIMA).

Original 2024-12-24 16:54