Trusted Options Review – Truth Behind TrustedOptions.Com
What an offer to have a SVG based anonymous company giving you a chance for ridiculously big returns by trading the highly risky and harmful financial products – binary options.
While ASIC and ESMA have banned them for pushing investors into huge losses, binary options are still available in some areas like the US, but only if they’re traded on a regulated U.S. exchange.
Trusted Options explicitly proclaims not to accept US clients but their binary options trading offer still stands. Some unrealistic numbers, claimed to be their company data, show some huge amounts of returns their customers have allegedly achieved.
Another method of ensuring they have clients’ complete trust is having agreements with fake regulators like IFMRRC. Some frauds forge licenses and lie about them. This scammer goes a step further and even gets a bogus regulator to stand behind them.
There’s a lot more to this seemingly harmless website, read all about it in our Trusted Options review.
|Options Trading LLC
|https://trustedoptions.com/ – active
|St Vincent and the Grenadines
|+1 (888) 901-5028
|50% deposit bonus
Is Trusted Options a Legit Broker? Safety and Regulation
The deal with brokerage agencies registering in St Vincent and the Grenadines is simple. Financial regulator in the area does not license or supervise the brokers registered there.
This fact made a peaceful little country become globally popular as a scammer haven. Trusted Options is one of the frauds that has sought refuge in SVG for their unscrupulous business.
However, they did work on their credibility. In association with a completely fake, made-up regulatory entity, they have a backup plan for proving their legitimateness. IFMRRC is not a real licensing organization. They do have a website designed to fool the investors who are new to the whole online trading world.
Like we didn’t already know the answer, we still went on checking the public records of brokers with license. Jurisdictional regulators in different areas keep their databases of all the brokers they supervise. Trusted Options is in none of the registers we’ve looked through. We’re talking about FCA, AMF, ASIC, IIROC, NFA, CySEC, BaFin and CONSOB.
No regulation means the broker doesn’t have contracts with top tier banks for storing the deposits in segregated accounts. This further means all the investments you make with a licenseless broker are exposed to abuse.
Regulatory framework doesn’t obligate unregulated brokers to limit the leverage or prevent unexpected losses by implementing the negative balance protection. In the end, these con artists lack transparency. Money transactions they perform could be illegal and with the intention of money laundering. Trusted Options is one of these companies!
Supported Trading Platform at Trusted Options
Since we easily managed to open an account at Trusted Options, we had to check what allegedly premium platform they offer. We were sadly faced with nothing but disappointment. The panel we accessed can’t be called a trading terminal at all.
This confusing distribution doesn’t respond to any commands, you can make an input, and there’s none of the advanced options we expected to find.
While you won’t be able to have any use of this trading software, you will always have functioning depositing options, which we will soon tell you more about. As far as trading on Trusted Options goes, none of it can be done on this software.
The assumption is that Trusted Options uses this ridiculously poor terminal for manipulative purposes. Since it’s easily modified, scammers tend to present fake data through it to force you to invest more.
Deposit and Withdrawal Options
Trusted Options is yet another crypto scammer with explicit preference for digital currencies. Right when depositing, you can choose a 50% bonus that applies to your first deposit.
Funding your live trading account happens by buying some of the crypto currencies available: Bitcoin, Ethereum, Litecoin, Ripple, Dogecoin, Binance Coin or TetherUS. The smallest deposit account is set at $50. The same goes for withdrawals.
Now here comes the tricky part. Withdrawal Policy at Trusted Options says that accounts that have not taken the 50% bonus can make a withdrawal after making at least 100% profit.
On the other hand, if you did choose to take the 50% bonus, you have to make at least 300% profit.
On top of that, if your account is labeled as inactive, you will have to pay a 20% fee upon every withdrawal.
How the Fraud Is Conducted
Trusted Options makes promises that indeed sound alluring. Getting rich in no time has never seemed so easy. You can invest just $50 and watch your little investment provide ridiculous returns. Naturally, this is just a false hope they sell in exchange for your capital.
It won’t be long before the pushy agents start driving you mad with more promises and investing requirements. The more you invest, the trading software shows even more profit returning. It’s all motivating you to go on. As soon as your funding power is depleted the situation changes. Your agent and guiding hand disappears with your entire capital.
Of course, you can keep trying to get that refund but to no avail. Not only will you have the burden of the trading volume requirement, fees will also follow you every step of the way.
Trusted Options Summary
Trusted Options is a malicious, unscrupulous website selling banned financial products and services. Our review explains the details of their fraudulent business backed by a fake regulatory entity – IFMRRC.
Through this Trusted Options review we have tried to warn you about the lengths that scammers are willing to cross to earn your trust. Since it’s how they make profit, they don’t mind using any method conceivable to get under your skin.
However, the only trustworthy broker is a regulated broker. Checking the commercial registers of licensing authorities doesn’t take too much time but could spare you the headache of chasing the scammer that robbed you.
FAQs About Trusted Options Broker
Is Trusted Options Regulated Broker?
Trusted Options is not a broker with proper licenses and certificates because they aren’t regulated by any financial institution.
What Is the Minimum Deposit at Trusted Options?
The smallest amount of money you have to fund your trading account with is $50.
What Account Types are Available at Trusted Options?
Only one default live trading account is available at trusted options. There’s a demo account if you want to trade with virtual funds.