OptionExpert.net is a site created for binary options trading. Reviews about the optionexpert.net platform are quite diverse: someone considers it a real income, someone else is another online scam, hype, someone even regards it as a financial pyramid. But let's take a closer look.
Main characteristics of the resource
The main features of the platform listed on optionexpert.net include:
- OptionExpert.net offers up to 88 percent profit on every trade, exclusive approach to every trader, comprehensive educational program, fast withdrawals.
- The site is developed in two languages.
- The minimum deposit is 11,200 rubles. The minimum transaction amount is about 560 rubles.
- Maximum withdrawal amount 280,000 rubles.
- There is a bonus system to attract new traders.
- Withdrawals - 3 business days. For one withdrawal, a 3% commission is paid from the withdrawn funds. First time it's doneis free. You cannot withdraw funds without paying a deposit.
- The program identifies 4 types of traders depending on the amount of the deposit.
- There are free demo accounts for about 28,000 rubles, where you can try out the broker's program.
- A simple trading platform that provides: asset name, 3 types of expiration time (30, 60 and 120 seconds or minutes, unclear), bet amount, win percentage, 2 buttons (lower or higher).
This is what the broker offers, but is it really so? Next, we will analyze the real picture based on reviews of OptionExpert.net and analysis of their site.
4 types of traders
On the OptionExpert.net platform, there are 4 types of traders who have different rights:
- Micro. This status is given immediately after registration. In fact, with this status, you can only try your hand at a demo account. The deposit has not been replenished, which means that bonuses, training videos, manager account, economic calendar and withdrawal are not available.
- Mini. This status will appear after replenishing the deposit by 11,100 - 28,000 rubles. In this case, bonuses up to 50% on deposit, one risk-free trade up to 25%, monthly signals, economic calendar and withdrawal are available. Withdrawal requests are processed up to 48 hours.
- Standard. It will appear if you replenish the deposit by 28,100 - 55,900 rubles. Access to 100% deposit bonuses, bonus codes, one risk-free deal up to 50% of the deposit, personal account "Manager", economiccalendar, free webinars, educational videos, signals, daily analytics, market overview, fundamental and technical analysis. Withdrawals are made within 24 hours, and once a month you can withdraw for free.
- Premium. To obtain this status, you will have to replenish the deposit by 56,000 - 280,200 rubles. Among other things, access to two leading analysts will be open, communication with the manager at any time, access to VIP webinars. Withdrawal requests are processed within 12 hours.
Thus, the more the deposit is made, the more accesses and bonuses are opened for traders.
License
By going to the site OptionExpert.net in the "License" section, you can see that the platform belongs to Hottrade Investments Ltd, the document was issued by the Cyprus Securities and Exchange Commission CySEC. The license itself is located at https://optionexpert.net/_page/license. The reviews cast doubt on the existence and validity of the license.
This is easy to check. If you enter the license number or company name into the search on the CySEC website, you will not find information about the license and the Hottrade Investments Ltd company on the website. This means that the license details are invalid and the license itself is fake.
In addition, the CySEC website has a list of unapproved domains that are not regulated and do not belong to the commission. This list includes the site optionexpert.net. After this fact alone, trust in the broker should completely disappear.
Hottrade Investments Ltd
If you search the web for information about Hottrade Investments Ltd., you can stumble upon several more similar sites owned by this company. These are Option101.net and MyWinOption, they were created before OptionExpert.net and still exist.
They can be called twins of OptionExpert.net, the same conditions, the same types of traders, bonuses, etc. Reviews about them are sharply negative, many call these companies scammers.
Terms and Conditions OptionExpert.net
You should carefully read the terms and conditions of the platform, as well as reviews on the evaluation of the site OptionExpert.net. There are several interesting points in the rules:
- Introduced such a concept as collateral - money that needs to be invested in the company, not counting profits, losses and withdrawn funds. The Company shall have all rights and powers in relation to such pledge.
- The company is not responsible for the information provided on the site, published by the broker and other persons. And all information must be verified by the client himself in reliable sources. A really strange item that says that the company urges not to believe it.
- Withdrawals may be prohibited. If a trader made a deposit of 200-10,000 dollars, then he must make more than 50 transactions. The broker explains this by the fact that the site was created for trading and the trader is obliged to work out the deposit by making 50 or more transactions. By the way, they promise a withdrawal within 7 days. Indeed, some brokers set mandatory trades, butonly for working off bonuses, but not for working out a deposit.
As you can see from the information provided, after reading carefully only the usual terms and conditions, you can understand that something is not clean with this broker.
Bonus system
Earnings of the OptionExpert.net site are all based on the bonus system. The broker attracts new customers only with bonuses. But if you carefully study the entire bonus program, then there is information for thought:
- Bonuses can be 100% of the deposit. Unprecedented generosity from a broker. If this were true, the broker would have gone bankrupt long ago.
- Bonuses can only be credited with a deposit of 28,000-114,000 rubles. ($500-2000).
- To withdraw funds, you need to make 50 transactions within 30 calendar days from the date of opening an account, the initial deposit should be 500-2000 dollars. If the amount on the deposit exceeded 284,000 rubles. (5000 dollars), then you still need to deposit 500-2000 dollars to a real account.
From the reviews about https://optionexpert.net, people are more concerned about the bonus program itself, and not about making money on binary options.
Types of fraud
Negative reviews about OptionExpert.net say that the platform uses several methods of fraud:
- On sites about job search or social groups, representatives of OptionExpert.net offer to earn money. They give bonus codes that can be entered on the platform and receive funds for trading. Trade is almost always profitable. But towithdraw funds, you need to deposit money on a deposit in the amount of 11,300 rubles. (200 dollars). Then it turns out that you can withdraw only if you have a deposit of 28,000 rubles. (500 dollars). After that, it will no longer be possible to withdraw something, since access to the output will not open.
- An offer of cooperation with a trader who is looking for partners. The trader explains the reason for looking for a partner by the lack of time for trading. And he offers his login and password on the broker's website with an existing account, in exchange for a percentage of the profits. The account, of course, is constantly growing, but in order to withdraw funds, you need to deposit your own again.
- A letter about earnings arrives in the mail. For example, a certain Ivanov works as a programmer and can easily generate bonus codes on the OptionExpert.net website. But since there are rules according to which it is impossible for one person to enter many bonuses, he invites you to register and enter his codes, receiving money into your account on the condition that you transfer 50% of the earnings to Ivanov. You enter the codes, the profit grows, but in order to withdraw, of course, you need to deposit your 11,300 rubles. ($200) and then another and another.
Real reviews
In real OptionExpert.net reviews, people say:
- Inconvenience of the platform itself. It is very simple, there are no necessary functions for successful trading, there are no tools for analysis: candlestick charts, indicators. You can only make deals.
- The demo account is one of the smallest, only 28,000 rubles. ($500).
- The persistence of managers whorequire replenishment of deposits.
- Too many advertisements, which often indicates the broker's dishonesty.
- There is no educational information, which is important for beginners. This information is available from all trusted brokers.
- A young company that has been on the market since August 2017.
- When replenishing a deposit, bonuses are automatically credited so that it is impossible to withdraw money.
- Found on many blacklisted brokers.
Positive Feedback
On the Internet there are a large number of positive reviews about the site https://optionexpert.net, which talk about the reality of high incomes, quick withdrawals and an excellent platform for earning. But such reviews should be questioned.
Many are written as a carbon copy, no one wants to provide screenshots of the withdrawal of money for confirmation. Trading on the platform itself is not discussed, only the introduction of bonus codes and the withdrawal of funds. Although in the first place, this is a binary options broker, which is not mentioned in the reviews. These reviews about https://optionexpert.net should not be trusted.
Conclusions
Can OptionExpert.net be trusted? From the reviews about the platform, a careful analysis of the site and the information provided by the broker, we can conclude that this broker, which cannot even be called, is just a fraudulent site. And all positive reviews are bought or written by the representatives of the company. Don't invest in this company.
How to distinguish scammers from real onesbinary options brokers?
From the above information, site evaluation and reviews of OptionExpert.net, we can draw several conclusions to distinguish a real broker from a scammer:
- License. Each binary options broker must have a license issued by the regulator, the validity of which can be verified. If the regulator is not familiar or the validity of the license cannot be checked, you should refuse such a broker.
- Youth sites and brokers. Young brokers are harder to check, because there are no true reviews, no experience, a trader cannot know how the broker will behave. Preference should be given to trusted brokers. Of course, this is not an axiom. There are also brokers who have been on the market for a long time, but nevertheless become unscrupulous. And vice versa, young people show their good side.
- Simplicity of the site and trading platform. Often, scammers do not try to bring their sites into proper condition: there is no training information, there are no programs for conducting market analysis, the site itself does not contain complete information about trading with a broker.
- Reviews. Before making a deposit, you need to read real reviews about the broker. It is best to read reviews on special forums and trust those who have been in this field for a long time.
- Advertising. The more ads, the more cautious you need to be about the broker.
- Invitation to trade through spam, messages that come to emails if you are not subscribed to the mailing list, cold calls.
- Risk free. Trading binary options is always associated with risks. If someone saysotherwise, they are definitely scammers.
