File a Complaint against BitOptionTrade

Is BitOptionTrade a Good Broker or a Scam?

BitOptionTrade seems to offer one of the best deals around. It claims its clients see a 350% return on their investment. So what could go wrong? Plenty! First of all, BitOptionTrade does not have a license. This is a major problem. Second, promising that clients will achieve triple-digit returns is not only unrealistic but may be a clear sign that the broker is dishonest. Third, BitOptionTrade is a suspected Ponzi scheme. 

We Have Some Concerns with BitOptionTrade

What is a Ponzi scheme? Basically, a Ponzi scheme is one that claims to offer trading, but no trading happens. The money simply circulates in and out of the Ponzi schemer’s account–withdrawals are funded by deposit–and no trading is going on. Eventually, the Ponzi scheme will close a person’s account when they ask to withdraw money. This is the pattern of a Ponzi scheme. It is easy to believe that this is true–given BitOptionTrade’s lack of licensing and bad reviews. 

BitOptionTrade Red Flags

  • No license
  • False guarantees of returns
  • Suspected Ponzi scheme
  • No transparency
  • Negative reviews

Lost Money to BitOptionTrade? Talk to Us!

Our experts understand brokers–reliable ones and scam operations. We have researched brokers and have created these reviews to help consumers make the right choice for trading. We recommend that you avoid BitOptionTrade and instead find a reliable and licensed broker. If you have lost money to this broker, contact us and we will help you locate your funds

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