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Amber Options is yet another promising binary options broker based on a plugin interface for Windows. The platform offers some exceptional and highly appreciated trading techniques and financial analysis…
Amber Options is mostly praised for its ease of use. It has a simple yet effective interface. The layout is clean and the features are easily searchable. The broker offers standard short-term and conventional high/low options.
We have received various emails inquiring about this broker so we decided to help you by responding to your questions regarding Amber Options scam possibility, its legal status, the history and background of the company etc. Let’s begin with a brief overview.
If you came here just looking for some specific information on Amber Options then you can use the links that we’ve put together below to quickly navigate through the sections of our review.
- Amber Options Background
- Is Amber Options Regulated?
- Amber Options Complaints
- Amber Options Withdrawal
- Is Amber Options a Scam?
- Our Verdict on Amber Options
- Lost Money To Amber Options? Get It Back!
- A Better (And Safer) Way To Make Good Money!
Amber Options Background
Old Square Holdings Ltd. owns and operates Amber Options. The website states that the broker is operated from Gibraltar, EU and the platform is based on SpotOptions.
According to some resources, the broker was actually owned by Blue Bay Finance Ltd. and was launched in 2013.
KYLV Ltd. undertakes the payment processing on behalf of Amber Options. The website is available in Arabic, German, Spanish, and English. The website serves with Live Feed which is fairly reliable and up to date.
Amber Option also offers option builder that allows the traders to create customized products as per their preferred assets. The risk management becomes easier with Amber Options. You simply have to insert the amount to invest, the preferred assets and set the risk/reward ratio.
Amber Options offers 6 commodities, 14 currency pairs, individual stocks, and 21 global companies in which you can invest.
Is Amber Options Regulated?
Amber Options is NOT regulated. Ontario Securities Commission issued a public warning against Amber Options on Aug. 7th, 2015. It isn’t a good sign. Whatever good about the broker is known hence after, the lack of regulation makes everything doubtful.
Amber Options Complaints
There are various online platforms which contain serious complaints against this broker. Some of the clients have already declared it as a huge scam. Cold calling, frequent emailing, pressure tactics, and misleading promotional content are some of the notorious actions associated with Amber Options.
Though we didn’t expect this, there are some convincing complaints about the withdrawal denial. The signal service is also tricky and looks as if it is focused on convincing the clients into making big deposits. The platform is not regulated so we can’t discard any possibility of false practices.
Amber Options Withdrawal
For withdrawals, you must submit the identity verification documents. But the processing of withdrawal required up to 12 working days (from submission of withdrawal request to the reflection of the amount on your bank account).
Amber Options entertains Wire Transfer and Credit Cards as withdrawal methods. The broker charges $25 for each withdrawal across wire transfer. There is no fee for withdrawals across Credit Cards. The minimum withdrawal limit is $100 (Credit Card) and $500 (Wire Transfer).
Is Amber Options a Scam?
Amber Options scam complaints are serious and the website itself kept changing addresses and ownership claims. The lack of regulation is the greatest source of worry. The broker was introduced as a simple and easy-going platform but it didn’t really impress the experienced traders. Moreover, the platform was blacklisted by different regulatory authorities. The website finally disappeared and we are convinced that the broker is no more in business.
Our Verdict on Amber Options
Amber Options has never been a recommended broker. Though the broker is no more available, you need to keep in mind that the same team might have been running some other platforms. This is the conventional practice in this industry. We have reviewed a number of brokers that have links with other notorious brokers. This is why it becomes essential to red-list all notorious companies operating financial services.
In addition, the off-shore address triggers the alarm. The characteristic of a non-reliable broker is that its website keeps changing the addresses after every few months. All these indicators need to be taken seriously. Yes, there are only a few legitimate brokers but it doesn’t mean that we need to consider unregulated brokers. Even if a broker appears crystal clear, the lack of regulation ruins everything. Think smart and make wise choices!
Lost Money To Amber Options? Get It Back!
Since publishing this review we have come across some alarming reviews on 3rd party websites which suggest that many people might have been scammed by Amber Options. They have just a 1.5 star rating on several sites & they have received a lot of complaints about people losing money.
So if you have come here because you feel you have been scammed by Amber Options yourself then you should check out our free money reclaim guide which shows you what you can do to get your money back.
The guide is entirely free & it has helped thousands of people to date to successfully reclaim their funds from the hands of scammers & we are confident that it will be able to help you too.
A Better (And Safer) Way To Make Good Money
Here at Stopping Scammers we don’t recommend binary options trading in general because we’ve never seen so much as a single person manage to generate consistent profits from it.
In fact we actually believe that binary options trading as a whole is a big scam… But don’t worry, there are still plenty of legitimate (and better) ways that you can make good money online.
In fact there is one particular opportunity that we have come across which has stood out from all of the rest & has received the crown of our number 1 recommendation for working from home.
You can get access to our number 1 recommendation by clicking the link below: