Is Option888 a Scam? Our Review Uncovers Some Concerns About This Broker

Looking for a user-friendly trading platform? Do you feel that you need a platform that is simple, effective, and decent? Option888 may be the right choice and we have selected this one for today’s review help you with some reliable information about this broker…

Option888 Broker Website Screenshot

Often we see that things turn dramatically and all of a sudden a seemingly impressive trading platform turns into a nightmare. This is we can’t just straightaway opt for Option888. Keeping this in mind, our today’s review will cover the history, introduction, complaints, legitimacy, and the withdrawal policy before recommending or rejecting this option.

With $250 initial deposit you can start trading live on this website. Option888 scam alerts may well play a significant role here because the watchdogs have enlisted this entity in their public warnings. Let’s see if this broker has something convincing to make our minds.

Option888 Review Summary

Cost: $250+

Recommended: No (See Our Top Ranked Legit Program Here)

Rating: 0/100

Summary: Option888 claims to be the best Forex & CFD broker however despite their claims they don’t even hold a license & they have received several warnings from regulatory authorities as a result. Based on this there is simply no way we could ever recommend Option888 as trading with unlicensed brokers is just like dancing with the devil. If you have already lost money to Option888 keep on reading to see how you can get it back.

Quick Navigation:

We appreciate that some of you may have just landed on this Option888 review in order to find out some specific information so to make things easier for you we’ve put together some quick navigation links below:

 

Option888 Background

Capital Force Ltd. owns and operates Option888.

  • Registration Number 70611
  • Address. 13 Novasage Chambers, Level 2, CCCS Building, Beach Road, Apia, Samoa.
  • Email. support@option888.com
  • Web. www.option888.com
  • Phone. +44 203 893 2468

Option888 is based on the Tradologic platform that offers almost all the conventional Binary Options with an impressive assets list. We are disappointed to see that the minimum deposit is $250 whereas most of the new platforms ask for no more than 100$. There are some who even as for as low as $20. On the other hand, the minimum withdrawal is also much high i.e. $250. The good news is that there is no withdrawal fee. But the downside is that the withdrawal via wire transfer requires from 7 working days to 14 working days.

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Is Option888 Regulated?

Option888 is NOT regulated. A couple of regulatory authorities have issued public warnings against this platform.

15-06-2016 FINMA (Switzerland) warned against Option888 for the unauthorized provision of its services in the region.

02-10-2017 CONSOB (Italy) warned against Option888 saying that the broker wasn’t authorized to operate in their jurisdiction.

Apparently, Option888 has just been doing fine and there have not been any serious allegations against its services. Even then it is important for all the trading platforms to comply with the law and acquire a license from the concerned governmental regulatory authority.

Option888 Complaints

Despite being a nice platform for beginners, in particular, the lack of regulation really hurts. On top of that, a couple of regulatory authorities have included Option888 to their warning lists. It stings like a dirty blot on the clean shirt.

Some complaints are suggestive of the withdrawal failures but none of them provides a proof. Since 2016, there had been no serious complaints against this broker. Some forums did talk furiously against Option888 before 2016 but the lack of follow-ups means that they were rumors.

Option888 Withdrawal

Option888 withdrawal policy is not something to be happy about. The processing of the withdrawal requires up to 14 business days. These days, most of the brokers claim to process the withdrawals in 5 business days (wire transfer). They do charge some fee but Option888 doesn’t charge a withdrawal fee.

Is Option888 a Scam?

As far as the facts are concerned, Option888 is NOT a scam. We don’t have any solid reason to believe in Option888 scam complaints. The real thing is that the platform has been serving for quite a few years and its web-traffic has significantly increased since 2016 and is still on the rise.

Yes, the location is off-shore and the company is not regulated and this is a big reason to doubt this broker. But as far as the experiences are concerned, people haven’t yet shown up to demonstrate their frustration.

RECOMMENDED: Go here to see the legitimate websites for earning money online

 

Our Verdict on Option888

Thumbs DownWe do like Option888 but the only thing that stops us from recommending this platform is the off-shore location and the lack of regulation.

Legitimacy is the prime factor and we CANNOT afford to let a non-regulated entity to hold our money. People are trading through Option888 but we can’t say when and how things turn upside down. We have seen this in the past and it happened frequently. The most Green-looking but unregulated brokers have snatched their clients’ money. Stay safe and try to know about the compliance as much as possible to make the best decision.

Scammed By Option888? Get Your Money Back

We have seen many reports emerging from people that have been scammed by binary options brokers & whilst doing our research on Option888 we came across many alarming reports.

It seems that several websites have been setup specifically with comments about being scammed by Option888, so whilst they are still in operation it’s possible that there may be people (including yourself) who feel they have been scammed by them.

If that is the case though then you can rest assured that you’ve landed in exactly the right place as we’ve personally put together a free money reclaim guide which has been specifically designed to help you get your money back from a binary options scam (and it also works against other scams).

As we’ve just mentioned the guide is absolutely free & you can get access to it right now by clicking here.

There’s a Better Way To Legitimately Make Money

It’s true that there are a lot of scams when it comes to making money online & of course we expose many of them here at Stopping Scammers however it is worth pointing out that not everything is a scam. There are actually several legitimate & very good ways to build an income online.

We’ve come across many of these legitimate models over the years however there has been 1 in particular which has stood out from all of the rest & as a result we have named it our number 1 recommendation for working from home.

Not only has this particular program helped people to make extra income but it has also helped people to build a full-time income too & many have gone on to leave their jobs as a result.

So if you want access to our number 1 recommendation for making money then be sure to click the link below now:

About the Author:
Hi, I'm Dale, the founder of Stopping Scammers. I fell victim to an online scam many years ago & I launched this website, as a result, to protect others from making the same mistake. I now earn a living working online after discovering a legitimate method called affiliate marketing & I aim to share what I've learned to help others to do the same. You can report a scam here or you can see the legitimate methods for earning online here. I truly hope you find this website helpful.

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