1PrimeOptions Review 2025
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Updated:
Reason to avoid: Offshore
Listed Date: November 10, 2023
Top 3 Forex Brokers
Beware 1PrimeOptions is a Non-Regulated Broker. It is NOT SAFE to trade
Advertising Disclosure
Updated:
Reason to avoid: Offshore
Listed Date: November 10, 2023
Beware 1PrimeOptions is a Non-Regulated Broker. It is NOT SAFE to trade
No, 1PrimeOptions is not a safe broker as it lacks a reputable license from a leading regulatory authority. The company conducts its operations under Global Options LTD and is registered in the Marshall Islands, a jurisdiction often associated with questionable practices.
🏢 Registered in | The Marshalls Islands |
🗺️ Type of License | Offshore |
🛡️ Is 1PrimeOptions safe to trade? | No |
🗺️ Recommended Licenses | FCA in the UK 🇬🇧 and ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
1PrimeOptions was established in 2020. 1PrimeOptions operates as a broker specializing in binary options trading through its 1PrimeOptions App. Binary Option is a financial exotic derivative where the payout depends on the outcome of a “yes or no” proposition and relates to whether the price of a particular asset will go up or down below a specified amount. Binary options are considered very risky, thus they are restricted by all the world authorities.
1PrimeOptions does not stand out for its favorable features and offerings. It does not use any market-popular platforms, account options are restricted to a single account type, and altogether, it comes with a number of red flags that are listed below:
Based on a decade of experience in the Forex trading industry, our research has unveiled notable reservations concerning 1PrimeOptions reliability and its adherence to regulatory norms. Consequently, we cannot assign a favorable ranking to 1PrimeOptions.
Ranking | 1PrimeOptions | HFM | Eightcap |
---|---|---|---|
Our Ranking | ⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
Is Broker safe? | No | Yes | Yes |
Advantages | None | Trading environment | Trading Conditions |
In light of the safety concerns associated with 1PrimeOptions, we highly advise traders to explore alternative options that provide more rigorous regulations and enhanced trading conditions. Below, is a list of reputable brokers that offer trustworthy choices and a secure trading environment for consideration:
The deposits and withdrawals 1PrimeOptions handles are only in Bitcoin (BTC). The broker warns that deposits and withdrawals may fluctuate based on Bitcoin’s volatility.
This broker offers a single live account option available for direct 1PrimeOptions Login, and the minimum deposit requirement is $10.
Based on the information we have gathered concerning 1PrimeOptions, there are significant concerns about the broker’s reliability and trustworthiness. Despite the broker’s seemingly appealing features and offerings, its registration in an offshore jurisdiction (The Marshall Islands) raises substantial doubts. Additionally, the broker offers Binary options, which is considered an extremely risky offering in trading. At last, numerous complaints and negative reviews from actual traders make it clear that 1PrimeOptions is not the optimal choice for investments or trading overall.
We strongly advise seeking a broker that holds licenses from reputable authorities like FCA, ASIC, or CySEC. When choosing reputable brokers with a strong standing there are several noteworthy options to explore, including but not limited to BlackBull Markets, HFM, and Go Markets.
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