Option Expert Review
Reason to avoid: No License
Listed Date: November 1, 2018
Top 3 Regulated Forex Brokers
Beware Option Expert is a Non Licensed Broker. It is NOT SAFE to trade.
- Company name:
Hottrade Investments Ltd. Option Expert.
- Registration Address/ License:
Cyprus. No License, No Regulation.
OptionExpert is a binary options trading platform, offering a simple and intuitive way to earn money on the leading financial markets, as the broker claims on their website. The company office locating in Cyprus while the launch of the business goes back to 2015, also the firm mentions its local authority CySEC authorization and license that ensures the uphold to all laws governing Cyprus and the rest of the EU. There are other numerous claims describing that the broker is a Premium Quality, with the Limited Edition offering and is a Perfect Choice.
However, all that is very far from what the reality shows. First of all, there is no any license or regulation from the CySEC, there is no even history mentioning about their suspended license. Therefore, it all shows that the company presents the data they want to show, but not the truth. Going even further, the company was warned by the CySEC as their domain is not authorized to deliver the service. Check the listing at the official CySEC link.
In conclusion, of course, we advise avoiding Option Expert offering and any interruption with the broker. As it is not only a misleading information, illegal trading operation and the faking of the facts, but also a general presentation of the company with no any trust. For that reason, we advise choosing only among the regulated brokers, since any statement of obligation is constantly overseen their regulatory body. The Regulated Forex Brokers obliged to deliver not only the safest trading condition but to comply with international requirements and act in respect to the industry, clients and investment business itself.