OptionStars global Review
Reason to avoid: No License
Listed Date: November 19, 2018
Top 3 Forex Brokers
Beware OptionStars Global is a Non-Licensed Broker. It is NOT SAFE to trade.
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- Company name:
OptionStars Global. New Markets S.A.
- Registration Address/ License:
UK, London. Samoa. No License, No Regulation.
About OptionStars global
| 🗺️ Registered in | No Registration |
| 🗺️ Type of License | No License |
| 🛡️ Is OptionStars global safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
The OptionStars Global is a trading name used by the company, which claims their address in London, UK. However, during the research, it reveled that the owning company of OptionStars Global is a New Markets S.A. that is registered in Samoa. Therefore it means that the company is not in fact located in an offshore zone that does not provide a strict regulation of financial firms, but also the broker manipulates and misleads by disinformation.
Apart from the issue with trading options itself, as many reputable jurisdictions and authorities forbid this kind of trading due to its highest level of risk. The OptionStars Global broker does not confirm its status to be a trusted firm not only by the non-regulated nature but by received numerous complaints and negative reviews from the traders. In addition, the company received warning from the Austrian authority, while other EU regulators followed.
“The Austrian Financial Market Authority (FMA) may disclose to the general public by publication on the Internet, in the official gazette “Amtsblatt zur Wiener Zeitung”, or in any other newspaper with nationwide circulation, that a particular company OptionStarsGlobal is not entitled to carry out certain banking transactions or investment services. The company is not entitled to provide investment services or banking services in Austria that require a license. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others.”
Conclusion
Well respected financial authorities like the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC) are effectively enforcing strict financial and ethical rules on all overseen brokers. That’s why we recommend choosing among the brokers regulated with the mentioned authorities. Traders should trade with well-regulated brokers (Top 10 Forex Brokers in the World) such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and TMGM.
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No news available.
n 2017 Invested in Option Global Stars. I never saw my money back. On the 2nd of December I received this mail from mr. Stan Roberts.
“I represent the Global Finance Rescue and to break down the whole process for better understanding; We are working in conjunction with the European Finance Ministry and the Cybercrime Commission who were responsible for probing this company called OptionStars, and after the investigation, the company has been shut down and the owners are facing time behind bars, in trying to reduce their sentences they had to disclose the location of the offshore crypto wallets holding their customers’ accumulated profits.
Upon the investigation, it was made clear that OptionStars performing illegal activities. It was discovered that they manipulated their system to make their customers think they lost their investment. But, in reality, they invested the clients’ money and even some of those investments made good profits, for example, Bitcoin made a big uptrend, but this profit was siphoned without the customer’s notice. So the mandate has been placed for us to release these funds to the rightful owners.
Please note that the recovered money is in two parts:
1. Fixed compensation fee of about $5000. This is a fixed amount which the court has mandated the owners of OptionStars to pay their victims to receive a lighter sentence.
2. The accumulated profits in Bitcoin from clients’ investments over the years.
So whatever amount you will see on the offshore account, that will be the amount we will be overseeing the transfer of to your preferred account. And thereafter, once we have successfully assisted with the recouping of the whole amount we will be entitled to 5-10% of your total balance at the end of the process.
Now I will like to inform you that we are not in a position to influence our client’s decisions because we understand that they might be skeptical because of bad experiences with these swindlers so we let them decide for themselves and work with us only if they are comfortable with the terms. As IT IS said; it takes two to tango. However patience is our policy, and if for any reason you decided not to proceed with the process of recouping your recovered funds, we will need you to authorize the funds to the pool of unclaimed funds by signing a Waiver of Rights that will be issued to you upon your request or in the absence of positive feedback and by signing this affidavit client’s recovered funds will be donated to charitable organizations and prison reforms. Also, signing this affidavit means you forfeit all rights to claim the recovered funds, and can not press any charges against this company in the future.” Now I have to activate my account and put 400USD in. I am afraid to lose my money. Is there someone who encounter this too?