Flip Options (flip-options.com) is an offshore unregulated broker who offers Forex, CFDs and Binary options trading instruments. They are not integrated with MT4 or 5 platform which is a big deal breaker for most people, but they also have some unique features to compensate for it.
The leverage on their platform is not stated anywhere on their website and the information provided on the asset class is also scarce. Considering the fact that there isn’t much feedback available on this broker and that they are comparatively new, you should be cautious while using their service.
Stick around with us till the end to determine if this broker is the one to answer all your needs.
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Legality and Contact Details
Trading sector has undergone a lot of changes from the past decade. However, the main issue still remains the same and it is about the security of the funds. Given the mechanism of the market and the conflict of interest present, it is always in the best interest for the clients to stick with regulated options as they ensure ethical business standard.
Flip Options is operated by Cent Projects Ltd., having its registered office at 309&310 Office, Albert Street Victoria, Mahe, Seychelles, which operates on behalf of FGC. The Financial commission has issued a warning against this broker which means they have a notorious history.
Below we have gathered the contact details of this platform which you can use if you have any specific query regarding their platform.
Phone – +1 518 468 1436, +1 661 709 3762
Email – support@flip-options.com
Platform, Asset Class and Trading Conditions
Flip Options features a web based platform which doesn’t require users to download any additional software to run it. The web interface is pretty self-explanatory and contains the basic set of indicators. As beginners you might find the available options sufficient. However, for experienced traders, it does not allow the desirable level of customization.
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If you are an avid fan of algorithmic trading, then you will be disappointed with them as there is no options for the EA’s. The lack of MT 4 and 5 support means, you won’t be able to create your own indicator or add indicators from anywhere.
There is no detailed list of trading instruments on their platform, but they do mention that, they have all the major forex and crypto pairs. One big problem with them is that, they haven’t mentioned the leverage available with their platform. So, you should look into that and gain clarity before you pull the trigger on the trade.
Deposit and Withdrawal Methods
The minimum amount for deposit or withdrawal is not stated on their platform or is at least hidden from plain sight. Do note that, if anyone account with a zero balance is left unattended for 3 months straight, then it will be closed. Clients should not use third party credit cards, or any other online wallets to fund their account.
Withdrawals are said to be processed within 1 hour, but before you withdraw the funds, you need to verify your account. Fees might be applicable on withdrawals. The funding methods involve the major debit and credit cards along with popular e wallets and Bitcoin options.
Domain Details
By using whois.com and alexa.com, we got the details of this website which helps us grasp the kind of demographics this service has and the information is as follows.
Domain – Flip-Options.com
Registered On – 24/05/2018
Expiry – 24/05/2020
Alexa Global Rank – 1,409,304
Flip Options Review Conclusion
Flip Options shows a lot of mysterious traits and reputable financial governing bodies have issued warning against them. Moreover, remember that binary options is considered illegal in many countries and the list is only going to grow. So, it is better to go with other alternatives available who are regulated, instead of sticking with this brokerage.
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