Is FXOptionTrade a Scam Broker?
FXOptionTrade may sound familiar to those who research brokers, and there is a good reason for that. FXOptionTrade is a cloned site and the FCA has issued a warning against this broker. Clone brokers fool the public into thinking they are signing up with a licensed broker. They adopt similar names and copy the websites to trick people. That is why, when researching brokers, it is important to check carefully to ensure the names and web addresses are correct. You can confirm web addresses on the regulator’s website.
Is FXOptionTrade a Scam or Legit Broker?
Another giveaway for a scam is the poor quality of web content. Although FXOptionTrade copied another broker’s site format and design, the written content is poor quality and is not what one should expect from a reliable broker. There are also extravagant promises of unrealistic returns on investment. No regulated broker should be promising specific levels of returns on risky trading products.
Here are some problems we have discovered from our research on FXOptionTrade and reviews:
- Not regulated
- Warning from the FCA
- Cloned scam
- Poor content
- Guaranteed returns
- No transparency
ReportScamOnline experts have examined FXOptionTrade and have discovered that it is a scam. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away.