Full Options Trades Review: Fulloptionstrades.com Unregulated Firm

Full Options Trades Review
  • Regulation
  • Fund Safety
  • Customer
0.5

Summary

Being an unregulated offshore broker, your funds are unsafe with Full options Trades. Firstly, this broker has not provided proof that it segregates funds, meaning it can do whatever they please. This is because they do not answer to any financial ombudsman.

Full Options Trades presents itself as a regulated brokerage firm. The broker purports to provide a platform for over 250 trade instruments, including commodities, stocks, indices, forex, and cryptocurrencies. In addition, this broker claims its goal is to provide practical and comprehensive solutions for diversifying investment portfolios. Such a sales pitch can make you take the bait.

Full Options Trades Review, Full Options Trades Company

Most unscrupulous brokers will make you believe they have the holy grail for trading success and make irresistible offers. However, our experience with brokers has taught us that we should never take anything they say at face value. Additionally, such shady brokers will have deceptive trading conditions that will work against you when you want to withdraw. It is, therefore, wise to read all the fine print of a broker’s documents to avoid such traps.

In this review, we share specific areas you should be keen on to identify legal forex brokers. Importantly, we share the must-have standards that legit brokers must meet, and why we are confident that this broker is shady. If you are unsure about choosing the right broker, this review is for you.

Fulloptionstrades.com Review 

Going by the website, Full Options Trades Group Limited owns and regulates this broker. This broker claims to have a solid experience and track record with three accolades to its name. The broker also boasts over 300000 happy clients, 3000 introducing brokers, 2011 established companies, and over 80000 trading signals. These statistics are inaccurate, given that the broker is barely 20 days in the market. Acquiring such a client base, much less the awards, is no mean fete. There is no way the broker has achieved such, given its novelty in the market.

This broker claims to provide the ultimate trading experiences through its cutting-edge technology, low-cost trading, financial technology, and world-class customer service. As complementary tools, the broker allegedly provides advanced educational programs, such as tutorials, webinars, and seminars. Likewise, the broker claims to segregate funds in separate accounts in partnership with liquidity providers. However, we are not buying these lies, and neither should you. Involvement with the broker will most probably end in massive losses since this is a fraudulent scheme.

Contact Details

Full Options Trades claims it is located in the U.S. but has not given the specific address. Of course, the broker is not in the U.S, which explains the missing address. Investors can contact the broker via telephone or email.

We do not trust a broker lying about their location or credibility. Such lies show that the broker is dishonest. Subsequently, we do not recommend contacting this broker whatsoever. Doing so will give them more personal details to pester you with endless offers and manipulations.  

Full Options Trades Investment Plan

Full Options Trades has five investment plans. The Starter plan has a minimum deposit requirement of$500. Next, the Platinum account requires at least $1500. The third plan is the Bronze account, where traders interested must deposit not less than $ 4500. For the Gold account, the funding threshold is $9100. Lastly, the Diamond plan requires a minimum of $15000 deposit.

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Fulloptionstrades.com Review, Fulloptionstrades.com Feature

 A minimum deposit of $500 for a starter account is significantly high. The broker wants you to part with as much money as possible for them to steal. There are regulated brokers with micro accounts for as low as $10, and we urge you to explore such options instead of this joker of a broker.

Deposit & Withdrawal Policy

Full Options Trades accepts deposits via Neteller, Skrill, Neteller, VISA, Mastercard, American Express, and JCB. However, we are unsure of the forms of payments Full Options Trades accepts because we could not access the client area. In most cases, though, rogue brokers exclusively accept cryptocurrency and e-wallet payments. This is because such payments are anonymous and irreversible, implying that you cannot get your money back.

Ensure you only invest with authentic brokers to be safe from dubious brokers. And even when you do, confirm that you can reverse the money. An excellent way to do this is; first deposit a negligible amount and try reversing. As for Full Options Trades, avoiding the broker is in your best interests.

Full Options Trades Trading Conditions

Although Full Options Trades claims to have ultra-tight spreads, their spreads go as high as three pips, which is hardly competitive. Remember that we consider spreads as tight only if they fall below 1.5 pips and have no trading commission in a standard account.  

The broker also offers a referral bonus of $50 to the referrer and referral. This is yet another proof that the broker is under no oversight agency. Forex regulators forbid bonus issuance due to the attached condition. For instance, such bonuses require a minimum trade volume requirement, which will bar you from withdrawing funds. Confirming our doubts, Full Options Trades requires a trader to meet a trading volume of at least 5 standard lots for every $50 bonus to withdraw. This condition will frustrate all your withdrawal attempts.

The broker offers a 1:500 leverage, which is extremely high. Given that leverage cuts both ways, the high leverage exposes you to significant losses as much as it does to profits. To cushion you from enormous losses, most oversight agencies cap leverage at 1:30, which tells you this broker is unregulated.

Trading Software

Full Options Trades promises an MT4 platform with charting packages, timeframes, and indicators. This has long been one of the most popular trading platforms, and even amateur traders can comfortably use it. The promise was appealing until we realized Full Options Trades does not avail of the alleged platform. The broker’s website is either malfunctioning or does not support the MT4. When we tried opening an account with the broker, their website malfunctioned, declaring a PHP code error.

Avoid wasting your time with such a broker and look for ones that offer MetaTrader 4 or MetaTrader 5, two trading platforms that have shown to be the best in the business. These platforms provide expert advisors, a back-testing window, a market for trading apps, and an integrated economic calendar.

Full Options Trades Regulation Status

Full Options Trades claims to have licensure to operate in Belize. We checked with the International Financial Services Commission (IFSC) of Belize but found no matching details in the IFSC database. Strangely, the broker also claims that their trading conditions are “controlled by the law in force in the United Kingdom and are subject to the exclusive jurisdiction of the United Kingdom courts.” This clause is contradictory since this broker does not operate in the U.K. However, you can expect such discrepancies in a broker trying to cover up the fact that they are offshore.

Are Your Funds Secure?

Being an unregulated offshore broker, your funds are unsafe with Full options Trades. Firstly, this broker has not provided proof that it segregates funds, meaning it can do whatever they please. This is because they do not answer to any financial ombudsman. Similarly, the broker does not contribute to the compensation scheme. If it goes under or vanishes, so do your funds. Likewise, being an offshore broker, you cannot obtain legal redress when (not if) the broker swindles you.

Verdict

There is no failproof way to avoid making losses in forex trading. However, that does not mean you should lower your guard when choosing brokers. If you do, you fall prey to brokers like Full Options Trades.

Since there are plenty of legal forex brokers, you can explore the options to get the most suitable. However, you will only find such if you exercise diligence; paying attention to details such as regulations, trading conditions, and platforms. Invest wisely when you find the broker, as the forex market is volatile.

 

 

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