TradeOption

TradeOption | 2024-09-20 10:05

摘要：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.

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
Email	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.