Is 72option a scam or legit broker?

72option is 100% fraud company and cannot be trusted. It is owned and operated by Epic Ventures LTD, and claims to be located in Sofia, Bulgaria without being authorised to provide financial services. 

72 Option™ is a Binary Options Trading Broker a brand name of the incorporated Epic Ventures LTD, the company which provides investors with access to trade underlying assets on a Binary Options Trading Platform. The company claims to be located and share an office in Sofia, Bulgaria, however, is not authorized by the local Bulgarian Financial Commission or by any other authority.

About 72option
🗺️ Registered inBulgaria
🗺️ Type of LicenseNo License
🛡️ Is 72option safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

 

72option Review

Since the company does not hold any regulatory licenses, the world leading authorities have issued its warnings against unregulated financial services provider 72option to prevent clients investments, since the broker targeting consumers in UK, Australia, New Zealand, and other jurisdictions as stated below.

“Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorized by financial regulator Financial Conduct Authority (FCA). However, some firms act without the authorization while some knowingly run investment scams. Based upon the information we hold, Amadicia Ltd/ Epic Ventures Ltd t/a 72 Option, we believe is carrying on regulated activities which require authorization.” FCA, UK

“ASIC advice this company could be involved in a scam. Do not deal with this business as it is unlicensed in Australia.” ASIC, Australia

“The Alert List includes 72option in a list of entities which have come to the attention of the SFC because they are unlicensed in Hong Kong and are believed to be.” SFC, Hong Kong

We advise all investors and traders to avoid 72option and other unregulated brokers. The lack of information about the broker’s regulation, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as City Index and Plus500.

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One response to “72option”

  1. Hi, I lost Amount of money due to my involvement with 72 option however they are now claiming that they are able to release the money to me but I must pay their fee first which I have very little confidence they are legitimate hence they will receive no monies from me. Their email to me lately has been from the platform they deem to be which their email address shoes support@finance-option.com
    Has anyone else came across this type of method as I would like to know how to deal with this in a professional way but I will not release funds due to the a gut feeling that this is a fraud . Any advice or help would be greatly appreciated
    Best wishes CF

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