Option888 Scam Test

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Option888 Scam Test

Option888 Scam Inspection

With so many new entrants into the binary options market, it is only natural for traders to be a little bit cautious when it comes to signing up with Options888. Actually, you should be cautious when signing up with ANY broker. After all, the industry is not helped by the number of binary options brokers that were closed or placed under investigation by relevant authorities in the past. This review will definitely answer the question of whether Options888 is a scam or not.

The answer to that is fairly obvious. It won’t take long for you to realise that this is a legitimate broker. In the short time the company has been around, it has been able to quickly amass a large number of loyal traders by offering many advanced features and an unparalleled service. Let’s take a look at these features and how they help you as a trader achieve success.

Option888 Scam Test | Sign Up, Bonus and Education

The sign-up process for Options888 is transparent and straightforward. At the end of it the trader gets a 100% bonus on the initial deposit. The minimum deposit amount allowed by the company is $250, 250 GBP or 250 EUR. The funding of the trading account with the bonus was instant, so we were able to begin trading with the bonus immediately. It is important to note though that Option888 only offers bonuses of up to $1500 (GBP or EUR).

Option888 wants to help traders build their careers in this business. This is why they have a good library of reading materials and videos covering all areas of binary options trading. We found these videos to be very educational, and the entry level training is perfect to help a complete novice understand the business of binary options trading. The quality of training materials available ensures that traders always will have a resource to refer to should they experience any difficulties in the trading process. This is important, because only traders who fully understand the workings of binary options will be able to fully utilize the wealth of features available at Options888.

Through the combination of high quality education and a 100% deposit bonus, new traders have a terrific formula for generating good results and building their trading portfolios. So, all of these features work perfectly, without any trace of an Option888 scam. However, this is just the beginning of our investigation. Keep reading!

Option888 Scam Test | Trading Software and Tradable Assets Offered

One of the ways scam brokers rip off customers is by offering dubious trading platforms that are not user friendly. Our review clearly shows that Options888 is not one of these scam brokers. The trading platform they offer is a magnificent piece of technology and is supplied by Tradologic, one of the leading names in the industry. The charts are precise and the platform offers a truly intuitive trading experience.

Trading options available on the platform include Range, Touch, One Touch, Long Term, Turbo/60 sec, as well as High/Low options. With payouts as high as 89%, you are sure to find a market that appeals to you. As any good trader will attest, a platform that allows a wide range of trading options is vital if you are to stay profitable and improve your portfolio. Switching from one trading option to the other is also very easy. This means you can take different trade types in seconds without any lag. A lagging platform is a nightmare for traders looking to make money on 60 sec options, for example.

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  • BINOMO
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    2nd place in the ranking!

You can trade any amount between $10 and $10,000 (or GBP/EUR).

There are also lots of tradable assets on the platform. Traders are spoilt for choice with 20 commodities, 27 indices and 30 currency pairs. Options888 is also one of the few brokers that offers a stock pickers market. Traders have 167 stocks to select from when choosing their own assets. Put that all together, and you will get an offer that is very difficult to match.

The asset range, interface and technology clearly point to the fact that Options888 is not a scam broker.

Option888 Scam Test | Customer Support and Services

The customer support service on offer at Options888 is outstanding. All members of the staff are very knowledgeable. In a mystery shopper test we were not kept waiting for answers and met some of the most polite customer service personnel in the industry. You can get to the support through live chat, which is a preferred option for many, or by sending an email. You can also call them on phone or contact them via Skype. Before you contact them with your problem, though, it may be best to first go through the FAQs. The section is loaded with useful information and well designed, so you will often be able to answers to most basic questions without need to contact support.

The website has different language options including French, German, Danish, Norwegian etc. They are also always adding new languages, so the chances are that you can easily choose the language that suits you best if English is not your mother tongue. Definitely no signs of an Option888 scam here, but we’re just getting to the most important part of the analysis, so stay tuned.

Option888 Scam Test | Funding and Withdrawals

This is where many traders have issues with binary options brokers. If you are worried about Options888 being a scam broker that doesn’t allow an easy withdrawal, you can stop worrying right now. They are one of the best when it comes to transferring money to and from your trading account. The entire process is fast, easy and free from any additional fees, which is particularly attractive.

Withdrawals are incredibly fast, as every request made before 18:00 GMT is approved the same day. There are no withdrawal fees and a minimum withdrawal amount of just $25. We made a test withdrawal of $200 to a MasterCard and it was processed the same day while the funds hit our bank account in less than 48 hours! Very impressive.

Bear in mind that you need to have your supporting documents verified before you can withdraw funds. These supporting documents required are your ID and Proof of Address (a utility bill is usually needed, but a bank statement will do just fine, too).

The funding and withdrawal options supported by Options888 include Truly, Sofort, Paysafe Card, Ukash, iDeal, Skrill, Moneybookers, Bank Wire, Visa Electron, Maestro, MasterCard and of course Visa. Quite a lineup, wouldn’t you agree? Don’t forget that the minimum deposit allowed is $250, though. While this may not be ideal for some people looking to test the waters, it is pretty standard among the best brokers in the industry.

The demo account offered by Options888 should be enough for anyone looking to test the trading platform; or their trading skills. Through it, you will be able to check everything out without any financial danger. We consider this another proof of the broker’s transparency because the demo account hides absolutely nothing from you and you can see for yourself that the platform works perfectly. Another big plus for Option888 in our book.

Option888 Scam Test | Is Options888 regulated?

In this time when there are many scam brokers, it is not advisable to open an account with an unregulated company. Options888 is not a scam broker and the company is duly regulated by Malta Gaming Authority. This is probably the greatest proof of their legitimacy you can find.

Part of the rules guiding their membership with the MGA is that they are expected to report all transactions that go into a trade repository. The reports cover both financial and non-financial counter parties, as well as all kinds of transactions, including commodity, equity, etc. With this information, it is easy for the regulators to detect system risks, thereby ensuring a high level of transparency.

With this kind of security, traders will never have to worry about losing their trading capital (except through bad trades) and they can be confident in the knowledge that any queries that may arise during the course of their trading career will be addressed properly.

Option888 Scam Test | Conclusion

Options888 is not a scam. It is a new but highly transparent binary options brokerage committed to providing the right environment needed for binary options traders to thrive. They have a valid license from a very reputable regulatory body and go to great lengths to make sure every last cent on their website is perfectly secure. The company is also very transparent, which can be seen from the quality of their customer support and the fact that their demo account allows you full access to the features of the trading platform. There is absolutely no doubt in our mind – this is a completely safe and trustworthy trading partner. Therefore, if you want the best for your money, open an account with Option888. They belong to the very top of the online trading industry.

Option888

Broker Name: Option888
Platform: Tradologic
Founded: 2020
Bonus: 50%
Return/Refund: 75-85% / 0-15%
No. Of Assets: 90
Regulated: No
Demo Account: No
Minimum Deposit: 250
US Traders: Not Accepted

Option888 Review

Option888 is not a new broker but it is one that has only recently come onto our radar. It is owned and operated by Capital Force ltd, Rebublic of Samoa, registered under No.70611, 13 Novasage Chambers, Level 2, CCCS Building, Beach Road, Apia, Samoa. Samoa does offer some limited business oversight but is not to be considered a regulator of binary options. The broker can be contacted through email at [email protected] , live chat on the website or by phone. The English language number is 442038932468.

Is Option888 A Scam?

Option888 does not at first appear to be a scam. The broker has been in operation for some time and has yet to draw serious adverse attention to itself. There are some red flags including lack of regulation, off-shore headquarters and use of bonuses but these do not necessarily make them a fraud. What may make them a fraud is that most if not all of their traffic, according to SimilarWeb, comes from affiliate sources like the Bitcoin Code (scam software) and Finanz-Report.com (a fake news page/sales funnel). The sight has seen a major increase in traffic over the last month which may be a good sign, except that it is mostly from Germany where non-Cysec/non-regulated binary options are illegal.

Editor’s Note – Why Doesn’t Option888 Suck in 50 words

Option888 might not suck because there are brokers operating outside the legal framework of regulation you can trust. And also because the platform is pretty good, it’s built on Tradologic and offers the more traditional style of spot binary options that we’ve all come to know and love.

Why Does Option888 Suck in 50 words

The broker might suck because it is unregulated and operating within countries known to require regulation. It also gets a lot of complaints about money not being paid out. This may be nothing but it is a red flag that should not be overlooked.

Should I Open An Account With Option888

Option888 is relatively new on the scene but has been around for a couple of years without major incident. The broker appears to operate legitimately but caution is still required when opening an account. The trading is good regardless, the platform is Tradologic and one of the top on the market today. It supports just about all types of traditional spot binary with the assets you want to trade. There are short term, long term, high/low, touch, no touch, boundary and what they call advanced. Advanced is similar to SpotOptions Option Builder where you can choose a risk/reward profile to enhance profits or limit risk on losses.

Standard digital are short term high/low style binary with expiry every 15 minutes out to 2 hours from the current time. Touch options have similar expiry and require a single touch up or down to pay out. Expiry for range options is set at 30 minute intervals with usually 2 to choose from, 30 minutes or 1 hour. Turbo Options are the shortest term expiry; 1, 2 or 5 minutes from purchase. One Touch is similar but different to Touch in that requires one touch to pay out, or no touch if you choose. The Touch requires a touch either down or up. Assets are available in all four classes; indices, stocks, commodities and forex. The list is quite full and nice to look at but be warned, you may not find them all available for trading. Things like Sugar, Cocoa and some indices are only window dressing.

The minimum deposit is average for the industry but high at $250 when compared to some with $10 or $20 deposits. They can be made with CC, wires or ewallet as can withdrawals. The minimum withdrawal amount is also $250 and does not come with any fees save those your bank or card may charge. Withdrawals may take up to 14 days to clear to your account, according to the terms and conditions, and one of the longest I’ve ever seen. Bonuses are available if that’s your thing, up to 100% depending on deposit size, and require a 30X turnover before ANY withdrawals can be made.

Option888 Complaints

I really couldn’t find much in the way of complaints that were in any way relevant, at least not at first. The most recent one I could find was dated to early 2020 and had no follow up. It said that the broker wasn’t returning money after a withdrawal request. I checked into several forums including ours here and could find nothing fresher than 2020 but those were nothing more than queries from members looking for info. After a bit more searching I did find one website with what appears to be real comments from real users; they say not to trust this broker because you won’t get your money back.

Option888 Regulatory Update;

Option888 VIP, a service of Option888 for high profile clients, was entered onto the Swiss FINMA warning list as not being registered to provide services in the country. FINMA 15/6/2020

Italy’s CONSOB lists Option888 in a blanket warnings covering brokers not regulated to operate in Italy and appearing on warnings from other agencies. CONSOB 2/10/2020

Option888 Bonus

Options888 does offer a bonus and it is probably exactly what you expect. You can get up to 100% of your initial deposit depending on the size, delivered at time of deposit. In order to clear the bonus for withdrawal you will need to meet turnover of 30X the bonus amount. No withdrawals will be permited until the turnover is met.

Option888 Withdrawals

Withdrawals do not appear to be easy with this broker. You can withdraw to ewallet, CC or wire but you will have to wait up to 14 days or longer depending on the situation. The FAQ’s say withdrawals take up to 10 days but in the terms it clearly says 14 days with a possibility of being longer. That is of course if you clear the bonus terms.

Option888 Ratings 69/100

User Friendly 18/20 I can give this one a high rating for user friendly because it is. It is really easy to use, the platform is decent and there isn’t much bad to say about it. The problems come later, that’s when things can turn unfriendly.

Number of Assets & Expiry 15/20 This broker isn’t too bad on either but neither is it too good. The asset list looks awesome, the problem is that most of it is just fluff and not to be found at trading time. Expiry is also OK but you won’t find much for longer term traders, short term traders are well covered.

Commissions, Support And Effective Returns 16/20 I can give another high rating here because there are no commissions, support is present and returns are OK. It’s not the best I’ve seen, live chat is more like “I’ll catch up with you later” chat but I don’t mind, I don’t want those jokers talking to me anyway. Returns are average, nothing to write home about but nothing to sneeze at either.

Deposit, Payout & Bonus 10/20 This broker scores low here. Deposit is higher than usual at $250 (that used to be standard but now so many brokers let you in with $10 or $20 bucks) and payouts are only average. What really sucks is that they still use the old bonus rules which totally tie up deposits and make it hard to ever get money out, if you ever can at all.

Website Extra’s 10/20 There isn’t anything special about this broker. You might consider the types of options, the number of varieties, an extra but it isn’t really. If you are looking for something special this isn’t it.

Option888 Broker Review

This broker has been blacklisted due to unethical behaviour. Please select a Top broker instead!

Option888 is one of the new entrants into the binary options industry. As our Option888 review shows, this binary options broker has managed to offer many advanced features and get a loyal following in this short time. Option888 review will present some of the most interesting features we noticed while using this binary options broker

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

Between 74-89 % of retail investor accounts lose money when trading CFDs

Option888 Special features

Any Option888 trader will get a 100% welcome bonus on their initial deposit. The initial deposit has to reach at least $250 to qualify for this promotion. The minimum deposit amount with Option888 is $250 or same number of units in GBP or EUR. Maximum amount available trough this promotion is $1500, however, there are many additional bonus offers for binary options traders when trading with Option888.

With Option888 review we mostly noticed that this binary options brokerage firm offers many education opportunities trough the e-book and many introductory and advanced binary options trading training videos. Option888 thereby relies heavily on long term success of their traders by making sure they have the best opportunities for advancement in the market. It makes no sense to offer many features if traders are not yet comfortable with trading binary options from the start. This is why Option888 bonus together with education can improve results and confidence.

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Between 74-89 % of retail investor accounts lose money when trading CFDs

Become an IQ Option trader today

Join IQ Option and become a trading master! IQ Option is a world-famous regulated broker that takes your trading to the next level. It allows you to trade forex, crypto, stocks, options and much more on its award-winning platform. The best part? You can start trading with a minimum deposit of ONLY $10! Read our IQ Option review.

Option888 Trading software

Option888 review uncovered a wonderful binary options trading platform that stretches over the whole browser widow and it is supplied by Tradologic. Graphs are very precise and overall trading experience during the Option888 review showed the platform is really easy to use. We would have probably skipped on the pastel theme, but, colors are least important when it comes to earning profits in binary options. Fair Binary Options also arranged a special deal with Option888 so that traders who sign up via our site can get maximum investment of $10,000, compared to the usual $1000.

The platform offers High/Low, Turbo/60sec, Long Term, One Touch, Touch Options and Range options so we are sure traders wont have a problem finding the right kind of binary options to improve their portfolios. Range options are offered as noticed. This is very rare kind of binary options but Option888 review showed these are very easy to use and can bring much fun into the trading experience.

Platform offers many assets to trade with. There are 30 currency pairs, 27 indices and 20 commodities. Stock pickers market seems to be the new word for the highs markets are in right now and Option888 reviewed a perfect set of assets for those who like to choose their own assets. There are 167 stocks to choose from with Option888.

If you want to trade with an award-winning licensed broker, we recommended using IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

Option888 Support information

Option888 website supports English, French, German, Danish, Swedish, Norwegian. Guys from Option888 assured us they will be adding Italian, Spanish and Dutch translations by the end of March. Support is traditionally reachable trough a live chat that sits conveniently in the lower right corner, by phone and by e-mail. There is also possibility of using Skype for support. The FAQ section has much info but it would be better if it was organized into themes so traders do not have to look for info in a long list of questions and answers.

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Between 74-89 % of retail investor accounts lose money when trading CFDs

Master the markets with IQ Option

  • Get a FREE $10,000 demo account
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  • Invest with a licensed and regulated broker

With IQ Option, you will be trading with an award-winning broker recognised and praised by industry experts. Get your IQ Option account today!

Between 74-89 % of retail investor accounts lose money when trading CFDs

Option888 Payment Methods

Banking with Option888, as the review showed is really easy, fast and without fees. We really think banking section was the star performer of the Option888 review. All actions we performed executed without much hassle.

Option888 supports following payment methods: Visa, MasterCard, Maestro, Visa Electron, Bank Wire, Skrill Moneybookers, iDeal, Ukash, Paysafe Card, Sofort and Trustly. we are sure everyone will find their favorite method here. As noted in the Special features section of the Option888 review, the minimum deposit requirement is set at $250 and it is in line with the industry.

Withdrawals are super fast. All withdrawals made before 18:00GMT are approved the same day! This must be the fastest withdrawal process ever. Just make sure to verify the documents as always. The minimum withdrawal amount is just $25 and there are no withdrawal fees.

Countries not supported by this broker are Afghanistan, Bulgaria, Cyprus, Ghana, India, Iran, Iraq, Israel, Nigeria, Pakistan, Somalia, Syrian Arab Republic, USA.

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

  • FREE $10,000 demo account
  • Award-winning trading platform
  • Licensed and regulated broker
Between 74-89 % of retail investor accounts lose money when trading CFDs

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Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:

  • BINOMO
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    2nd place in the ranking!

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