Option500 Review

Rating: 

Option500 caused a lot of controversy among binary traders. This is why we encourage you to read our Option500 review where we will carefully examine every corner of this website.
option500 logo scam
Min. Deposit: $250            Demo: N/A

Platform: Custom            Bonus: N/A

Regulation: N/A                 US Clients: N/A

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Option500 Review: About the Company

about option500

The first thing to say is that the info in “About Us” section does not look very explicit. After looking around a bit, we have discovered that the possible address of Option500 is 272 Bath Street, Glasgow, G2 4JR Scotland. The broker claims to have international offices, but the link where more info can be given is inactive. Another aspect to take into account is that Option500 binary broker is not regulated.

Essentially, the website is accessible in four languages, i.e. English, German, Italian and Arabic. US clients are not accepted.

Option500 Trading Accounts

A live account can be opened in 3 currencies – USD, EUR, and GBP. There is only one standard real trading account, which means that no advanced or VIP features are offered.

Although there is a possibility to make a one demo trade, no full practice account is offered at Option500.com scam.

Option500 Scam Trading Platforms Review

There are two trading platforms offered: TradeSmarter and their own platform. Both platforms are web-based, which means that no files are required to be installed on the PC.

Although platforms allow trading currencies, stocks, commodities, and indices, the number of tradable assets is very scarce – only 51.

As for the binary trading modes on Tradesmarter, it possible only to choose High/Low trading, 60 Secs and StrategiX. The last mode simply combines Above/Below options, Touch/No Touch options, and Range Options.

option500 trading platform

On the other Option500 platform, which is referred to as “for professionals”, there is nothing fascinating. Option500 scam only enables the trader to pick High/Low options trading here. An extra feature on this platform is social trading that allows copying other traders or being followed. However, copy trading at Option500 exists only on the paper. This means that practically you cannot copy the performance of other traders, only see in the activity stream what they are doing.

Option500 Bonus

There is a welcome bonus offered upon registering and making the minimum deposit of 250 USD, EUR or GBP. It is a 100% deposit bonus.

Customer Support at Option500 Scam

Option500 scam customer support

Client support can be contacted using a phone number, email or live chat during market hours. Unfortunately, no localized support is provided by Option500. Many Option500 reviews admit that FAQ is very shallow in terms of information given. No specifics about trading accounts or deposit/withdrawal is there.

Deposits & Withdrawals

Either to make the deposit or withdrawal of funds, the trader can use credit/debit cards and wire transfers. Accepted cards include Visa, MasterCard, Diners Club International and Maestro.

Option500 Review Conclusion

Is Option500 safe? Our answer is no. We do not advise to sign up with Option500. It is better to deal with trusted binary options firms.

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RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Conclusion
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Option500 Broker
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