Optiontrades24.com portrays itself as a new Bitcoin trading hub wherein the participants doesn’t require any experience to profit from the markets. They are allegedly involved in mining as well and they even claim to offer asset management services. Any regulatory history of their fund managers is not disclosed to the public and the identity of the creators of this firm is still a mystery.
According to their website they also offer binary trading services in the US, but as they are not recognised by any authority, it is clear that they are bluffing. The world of online investing will always be haunted by fake platforms like this one. So, to understand the true motives of this firm and know about the traps set up by them, go through our thorough review.
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Certificates, Legal Status and Customer Support
Organisations or firms which operate in the financial markets and raise money from the public to fund their trading activities have to adhere to strict guidelines. In the past, many scams have raised in the markets which exploits the lack of understanding displayed by the participants to make money for themselves. Nowadays, despite many policies and efforts taken by the government to educate the investors, but still the sector is not entirely free of frauds.
So, you should always run background checks and ensure the security of the funds in the first place. This platform claims to be a legal entity operating from the US and even has the guts to provide a physical address. However, all their claims are false because they are not on the radar of any regulatory authority.
Moreover, providing binary options trading services in the US without being regulated is a serious offence and they will face severe consequences for their actions. Moving on to the customer support aspect, this firm interacts with the public through email for the most part.
Support staff is known to be very manipulative and they certainly follow unethical practices to make you deposit with their platform. Once they get access to your funds, you are no longer useful to them which means most probably your account will get either blocked or terminated. Below is the list of their contact details as mentioned in their website.
Address – 3238 Doctors Drive, Los Angeles, California, 90017 USA
Phone – +1 (323) 892-2473
Email – support@optiontrades24.com
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How does Optiontrades24.com Work?
The core idea behind Optiontrades24.com is simple in theory. Investors have to choose the amount of money and the maturity period they want and once the terms are locked in, they just have to collect the profits in the end. If trading was really this easy, then chances are everyone would be doing it, right?
Their entire narrative around trading, mining or about the exchange part is scarce and they haven’t done anything to instill confidence among the investors. For example, we do not know the strategy used by them to trade the cryptocurrency markets. The investors don’t have a clue about the risk management system used by this firm and the performance report is not disclosed to the public.
As far as mining bitcoin goes, there isn’t much positive things to talk about. Since they haven’t mentioned the details of the equipment they use and physical location, we literally can’t verify their existence. Lastly, about the exchange and binary trading part, due to the lack of information about the liquidity providers and the endless list of flaws, that aspect also can’t be trusted. Given their anonymous operations and number of deadly flaws, do you really think it is still wise and worth the risk to join them?
Investment Plans and Returns
Regardless of what your starting balance is, this platform promises to earn 50% ROI per day. To make money from trading an individual needs to have a clear process and proper risk management analysis and even then numbers like these are not sustainable.
Looking at the way they exaggerate returns, it is clear that they are after the financially naive person and are literally slaughtering people financially. Big numbers and buzz always seems to turn heads in the world of trading, but you need to remind yourself that, nothing worth having comes easy.
Domain Information
To get a rough picture about this website, look at the data we have gathered using whois.com and alexa.com.
Domain – Optiontrades24.com
Registered On – 22/06/2019
Expiry – 22/06/2020
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Alexa Global Rank – 4,337,405
Target Audience – Currently Unknown
Optiontrades24.com Review Conclusion
Optiontrades24.com is a confirmed scam which has caused havoc to all of their clients. Many people who fell for their trap are still struggling to get their money back and so far have been unsuccessful. People who run this platform certainly seem to have experience which is why they have been able to avoid the law for so long. Bottom line is, you need to stay away from these liars or else you are putting your confidential details at risk and you also have high chances of losing your money one way or the other.
