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Smartoptionfx.com review ; This is a scam binary options broker. The operator Smartoptionfx markets it as the only binary options broker that truly places emphasis on you and your trading experience. Smartoptionfx is a big time Scam. This broker belongs to B.O. Tradefinancials LTD. Although this broker claim to be licensed by CySEC, but this is a complete lie. This is because in our research, B.O Tradefinancials LTD is in the list of scam by CySEC. Therefore, this company lacks transparency and doesn’t deserve your investment in any way.
Smartoptionfx promise to offer 92% bonus of your investment. Currently, this broker offers 5 different investment plans. They also claim to have 30 active options with 62104 users. We don’t believe that any of these claims are true. Meanwhile, they are just cheap claims to decieve you. Moreover, we have pointed out that they totally lack transparency. Apart from their account types and trading conditions; We have serious concerns about this broker. Therefore, we will highlight the below in this review.
To get across to them, potential investors have to fill out a form on the website. They also claim that their support is active 24/7. Therefore, investors can also reach out to them through their live chat.
First, this company lacks transparency. Therefore, they parade a fake license as a cover up. Unfortunately, we have reviewed other brokers that operate using the same license. And we believe that the operators are thescammers.
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Smartoptionfx claim to have 5 different investment plans. But it’s not clear how these plartforms function. It’s only a scam like Smartoptionfx that will give such vague information. The only thing this broker tells us is the minimum amount to invest in the different account types; And the of the bonuses their clients. Meanwhile, they don’t have specific payouts, minimum bet sizes, etc. Moreover, It is even not clear which trading platform they use. In addition, the broker does not offer demo accounts, and we couldn’t get access to any platform even after registering a live account (without depositing any money).
This smartoptionfx.com review aims to clarify you in some of this issues. If this broker is really not a scam, then he should provide answers to these questions. They don’t expect any potential client to trust them with such vague information. They should also clarify this their affiliation with B.O. Tradefinancials LTD which is a popular Scam. Then we can recommend it. But for now, encourage our readers to stay away from Smartoptionfx. Instead, they can invest in any of these carefully selected binary options brokers that we have tested and trusted.
Smartoptionfx false claims.
On their website SmartOptionFX provide an address in Miami, Florida, USA. In spite of this, the scam claims to be under the regulation of Cyprus Securities and Exchange Commission (CySEC).
Meanwhile we wish to point out in this Smartoptionfx.com review that binary options trading was prohibited across the EU last year. Moreover, ESMA keeps renewing the temporary ban ever since. Lately, most national financial authorities of EU Member States mirror ESMA’s product intervention measures and make them permanent on a national level.
So, we weren’t surprised that our check in CySEC’s online register showed that the company behind SmartOptionFX, B.O. TradeFinancials, is no longer licensed.
However, investing with unregulated brokers is associated with significant risk of losing your money to scammers. Brokers without regulation are not accountable of how they handle your money. In addition, traders, dealing with such brokers, have problems withdrawing their funds.
Further more, we are aware that in June, the trading license of B.O. Tradefinancials LTD was withdrawn. Obviously, the broker illegally targets local investors. Therefore CySEC blacklist it since the website belongs to a firm that doesn’t have authority to provide financial investment.
Smartoptionfx.com review conclusion.
This broker is a scam. Investing your money in this broker will definitely cause you more harm than good. Therefore, avoid at all cost. If you truly want to make money trading binary option, then invest in any of these transparent, reputable and profitable broker. You will never regret it.