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OptionField is a welcome addition to modern-day brokerage and a huge majority of our readers has requested a review on this relatively new broker. Thank God, it offers something different from all those conventional SpotOption based brokers…
OptionField is based on Meta Trader 4, arguably the best trading platform available these days. The great thing about MT4 is that it offers exceptional features for experienced traders as well as newbies. You can start trading with OptionField by depositing as little as $100. Yes, the Demo account is also on offer.
How good is this platform? What do the expert traders say about this broker and what’s the truth behind the OptionField scam complaints? If this seemingly impressive website has already grabbed your attention, you need to take time to consider a number of a factor before making your final decision. This review will definitely put you in a better decision making position. Let’s get started with the overview of the broker.
If you’ve just came here looking for some specific information on OptionField then you’ll be glad to hear that we’ve put together some links below which you can use to quickly navigate through our review:
- OptionField Background
- Is OptionField Regulated?
- OptionField Complaints
- OptionField Withdrawal
- Is OptionField a Scam?
- Our Verdict on OptionField
- Been Scammed By OptionField? How To Withdraw
- A Much Better Way To Make Money Online
OptionField Ltd. owns OptionField and below is the company’s registered address.
- Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent, and the Grenadines.
Zurbaran Ltd. operates the broker and also undertakes the payment processing on the broker’s behalf. The contact page on the website mentions the following address.
- Gladstonos, 116 M. Kyprianou House, Floor 3&4, 3032, Limassol, Cyprus.
Whom does this address belong to? OptionField or Zurbaran? The website doesn’t point it out.
- Phone. + 357 25 030 418
- Email. email@example.com
Is OptionField Regulated?
OptionField is NOT regulated as of present. The platform is new and it might be the case of wait and see. Several brokers require years to get their license from the regulatory authority. The problem here is that we did not find any clue about the future of this broker. It seems as if the management has still not considered an application for the license. This is not a good sign.
Unless regulated, the broker is not recommended because you simply can’t take any risk as it could cost you 1000s of dollars in the end, let alone the added waste of time, frustration and anxiety caused by the ill practices of the account managers working with unregulated brokers.
Lack of a license is the first source of worry and no complaint could be more serious than the lack of transparency. These days, operating as an unregulated broker is simply the worst idea because it means ZERO transparency.
The platform was introduced in 2017 and it was good to see Binary Options platform offering MT4 features. But the problem with OptionField is that the support team is unprofessional. The public perception is not good about the pushy marketing tactics such as the use of Model for the Live Chat advertisement. It makes it look more like a get-rich-quick scheme.
The website talks much about Binary Options trading and its feature but the reality is that the website still looks incomplete in that regard. It doesn’t offer as much as it talks about.
The education department is pretty basic. It doesn’t offer comprehensive eBooks or valuable videos. Though the Demo account is a good option for the beginners but it doesn’t serve the educational purpose.
OptionField entertains withdrawals via Wire Transfer and Credit Cards. The processing of the withdrawal requires from at least one business day up to 5 business days. The broker charges a fee that equals 1% of the withdrawal amount. On the other hand, the minimum fee is 10 currency units and the maximum fee is 20 currency units. There is no withdrawal fee charged from the Pro and Elite account holders (One withdrawal per week).
Is OptionField a Scam?
OptionField scam complaints are premature and they lack considerable evidence. It seems as if the paid content managers are propagating against the platform by flooding in fake reviews. It doesn’t mean that we are giving a clean chit here. We think that the broker’s legitimacy remains a question until it gets regulated. At this point, we are not in a position to pass a sweeping statement.
Our Verdict on OptionField
We DO NOT recommend OptionField because it is NOT regulated. We advise that you need to wait and see and keep checking the updates about the broker. The public warnings serve a lot in this regard. There is no need to try it for whatever reason because the lack of regulation clearly means that nobody protecting your money. Once deposited, you’ll not find a way to get your money back as it always happens with the unregulated brokers.
Been Scammed By OptionField? How To Withdraw
With OptionField not being regulated we are concerned that they will ultimately end up scamming their traders just like other similar binary options brokers by blocking their withdrawals…
And if you have already found yourself in this situation & feel that you have been scammed by OptionField then you can rest assured that you’ve landed in the right place as we’ve put together a free binary options scam money reclaim guide.
Our guide has been designed to show you step-by-step exactly how you can get your money back from a binary options scam & it’s been proven to work as to date it’s helped thousands of people to successfully reclaim their lost funds.
So if you too have fallen victim to a binary options scam, whether that be the OptionField scam or another scam then we highly recommend that you can check out our guide. You can access it for free right now by clicking here.
A Much Better Way To Make Money Online
The truth is here at Stopping Scammers we hate trading, even with the most legitimate brokers because frankly we hate risk when it comes to making money… Because well, we hate losing money!
And the way we see it is that there’s simply no need to put your money at risk with trading because there are actually several other legitimate ways that you can make good money online without any risk at all… We’ve come across many of them whilst carrying out our investigations.
However there is one method in particular that has stood out from all of the others & as a result we have decided to give it the title of our number 1 recommendation for working from home.
So if you’re looking to make extra money & potentially work full-time from home then be sure to check out our (free) number 1 recommendation using the link below: