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Today we have another SpotOption based binary options broker that mainly targeted the European region. Options Area apparently had nothing exciting about it. The platform had nothing distinguishing. The broker just updated the platform from SpotOption to SpotOption V 2.0…
The purpose of this review is not to have a deep insight of this broker. The main purpose is to let our followers know what type of companies tried their luck in this field and how things really had been in the past few years.
Options Area scam warnings had never been severe but it doesn’t mean that the broker was completely legitimate. The platform served with the conventional currency pairs, multiple expiries, long-term, and short-term options. Talking about the features, the broker offered almost everything i.e. Roll Over, Buy Me Out, and Double Up etc. Let’s have a quick look at Options Area background.
To make things easier for you we’ve put together some links below which you can use to quickly navigate through all the different sections of this review.
- Options Area Background
- Is Options Area Regulated?
- Options Area Complaints
- Options Area Withdrawal
- Is Options Area a Scam?
- Our Verdict on Options Area
- Get Lost Money Back From Options Area
- The Best Way To Make Money Online
Options Area Background
Dolce Formula Ltd. owned and operated Options Area from an off-shore location…
- Mahe, Seychelles.
The satellite offices operated from Canada, Australia, and the UK. But you couldn’t really trust such virtual offices. In the beginning, the broker managed to attract some traffic to its website but the conversion rate was almost next to zero.
There are various reasons behind the failure of this broker. Virtual offices, off-shore location, doubtful owner, and the link with a notorious broker were the major reasons which convinced the visitors to stay away from this platform. Like its sister website, BinaryGoal, Options Area also had a short life.
The minimum deposit was impressive, just 100 currency units to open an account. On the other hand, the minimum trade size was 25 currency units. And the minimum account size was also 100 currency units. The website was available in German, English, and French. Customer support featured Live Chat, Telephone, and Email. 100% bonus was offered on the first deposit. The number of assets was too low, just 58.
Just like BinaryGoal, Options Area also featured a fairly simple website and it lacked professionalism. The layout was childish. The design was no different to a fancy-online-boutique. It had nothing that could have really associated with a genuine binary options broker.
Is Options Area Regulated?
Options Area was NOT regulated. Dolce Formula Ltd. operates from the British Virgin Islands, a notorious location known as the paradise of tax-free business. No regulation authority (state-owned) regulates a company operating from an off-shore location. This is why most of the off-shore brokers prefer to acquire for a private regulator.
Options Area Complaints
It didn’t offer anything unique. Yes, the platform was updated to SpotOption V 2.0 was that was too late. Like its sister website, Options Area also failed to perform. The ever growing competition made it harder for management to do something impressive.
Once again, we don’t find much about this broker because it just came and vanished in a flash even before establishing the brand. It had to quit its services because regulatory authorities had been increasingly strict and alert since 2014.
Options Area Withdrawal
The withdrawal processing required from 5 working days to 7 working days. $100 was the lowest bar and the broker didn’t charge any processing charges. Options Area entertained Credit/Debit (Visa, MasterCard), WebMoney, American Express, Maestro, Wire Transfer, and Carte Bleue.
Is Options Area a Scam?
Options Area scam confirmation is doubtful. Some of the reviews do stigmatize the platform but we don’t have a convincing evidence. What we see is that it was a total failure. The broker never even managed to get closer to the set target. This is why the management quickly decided to wind up.
Our Verdict on Options Area
Options Area was no different than a mere trial. The team behind this platform seems to be inexperienced. The administration took it as a learning practice. After facing the failure, the same team decided to introduce BinaryGoal which was another disappointing launch.
Get Lost Money Back From Options Area
Have you already lost money to Options Area prior to coming to this review? You’re not alone! We’ve had LOT’S of people who’ve been scammed by Options Area coming to our website & asking for help…
Well the good news is that you landed in the right place because we’ve put together a free money reclaim guide which shows you exactly how you can reclaim your lost funds if you were a Options Area scam victim.
The guy has helped thousands of people to recover money from binary options scams to date & we know it can help you too so we highly recommend you check it out before you go.
The Best Way To Make Money Online
Binary options trading sucks – even with the most legitimate binary options brokers… That’s what we think here at Stopping Scammers because we’ve NEVER seen anybody make sustainable profits from binary trading.
The good news though is that there are many other better & legitimate ways that you can make money online. We’ve come across lot’s of them whilst carrying out our investigations.
However despite coming across a lot of them, there has been 1 in particular that has stood out from all of the rest. As a result we have crowned it our number 1 recommendation for working from home.
So if you’re still looking for a legit way to make money online then you can check out our number 1 recommendation by clicking the link below: