500option Complaints

500option is among the newest brokers in the binary options industry. It was founded in 2015, but has already become well known among traders for its dynamic approach to trading and for its unique platform which enables you to trade like you have never traded before. Since they are still new, and already have big number of clients, we wanted to see if there are some clients that are unsatisfied with the way this broker operates, particularly in terms of trades and transactions. Make sure you keep reading our 500option complaints article and check out the results because they could save you a lot of money.

500option Complaints | One major complaint

As you can see in our 500option Review 2016, the broker really does seem to offer a lot of interesting features. Many available transfer methods, great trading platforms and solid account types all promise a good trading experience. The problem arises when your broker does not want to deliver you your money back after you send in a withdrawal request and that’s exactly what happened to us. After waiting for a while for our money to get to our bank account, we tried to make contact with the people who are supposedly there to help us (i.e. the customer support), but we got completely ignored. To this day we haven’t received a single cent back, so if you were to ask us if we have any 500option complaints, we would certainly answer positively. This kind of behavior outraged us, but it looks like we’re not the only ones with serious 500option complaints. 

500option Complaints | Other traders’ feedback

After browsing around several internet forums dedicated to binary options trading, we realized that 500option complaints are unfortunately pretty common. A lot of people have suffered the same problem as we did, so this is by no means an isolated incident. Rather, it seems to be the way this broker functions, so we would strongly advise you to stay away from them if you want to enjoy your binary options trading experience. The chances are you will not be able to get your money back, no matter how much you have in your trading account when you want to withdraw. It’s best not to risk anything in this kind of situation.

Brokers like 500option give this industry a bad reputation because one scammer often gets more publicity than dozens of genuine and legit broker. These cases are actually not that common in this business and that’s why the community reacts in such an intensive way. It’s not a pleasant thought that you may be a victim of scammers such as 500option, but be aware that most of the broker are completely legit, especially if they have been present on the market for several years.  

500option Complaints | Conclusion

500option complaints are pretty serious and all too real. We experienced a scam ourselves while trading with this broker, so we absolutely had to warn our readers about the danger this broker poses to them and their funds. You simply cannot count on getting your honestly earned money back when you initiate a withdrawal. This problem seems to be pretty common among traders who have tried their luck on the market via this broker’s platform, so you should definitely stay away. There are dozens of reliable brokers on our website, so if you are in need of a new trading partner, look around and you will surely find one.

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