72 Option Withdrawal Review
WARNING 72 Option is currently under investigation due to numerous complaints we have received from our readers. For list of 100% safe and trusted brokers please click here.
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72 Option is leading the board when it comes to ranking as one of the best binary option brokers. With their superior trading platform, accompanied with the high pay-out rates, binary option traders are switching brands so that they can trade on 72 Option’s trading floor. From more information about the company and their trading policies read the article 72 Option Review. In this section the withdrawal process will be detailed in greater depth.
72 OPTION WITHDRAWAL REVIEW | OPTIONS
Transferring money in and out of a trading account must be made electronically. The two most common forms are via bank wire or by credit/debit cards. When making a transfer be sure to have your information at hand to ease the process when dealing with the accounting department.
72 OPTION WITHDRAWAL REVIEW | PROCESS
Although the process of registering with any binary option brokerage is quick and easy, as you only need to put in your name and email, when you actually become a member of the firm you will need to go through the entire process which consists of speaking with a representative as you’ll need to send in your information to prove that you are who you say you are so as to prevent any form of fraud.
Included with presenting your proof of residency and state issued ID, a copy of your credit card will be needed if you are using your credit card along with your trading account. There tends to be a three day waiting processing period, along with a waiting time of five to seven days before the funds are delivered to you.
Withdrawals may only be made with a minimum amount of $30 for credit cards and $100 on wire transfers, as there are processing fees which are paid by the broker. These are actually quite attractive numbers when you compare them to many other companies in the industry.
72 OPTION WITHDRAWAL REVIEW | CANCELLATION
Withdrawal cancellations may be made at any time by contacting your broker directly and telling them on the phone or with an email. The withdrawal, although already in process, may be cancelled upon the request of the trader, which canbe useful if your account gets to the point where it falls below what was requested. This is not a normal circumstance, but on the rare occasion that this happens, the brokers at 72 Options seem to have found a suitable solution to help their traders.
72 OPTION WITHDRAWAL REVIEW | SAFETY
Safely and legality are always an issue with online investments. The 72 Option banking system is secure as they follow the trading regulations of CySec. The legal situation of the agency was setup to protect investors as well as the brokerages, and any problems are monitored and sorted by the organization.
72 Option has state of the art technology, which helps secure the transfer of funds as the online credit payments are made using an instilled SSL encryption, which further protects the credit card user from misuse. So, in theory, everything seems to be set up professionally, as these are all features every serious broker will offer to its clients. But this is not the whole story. Read what happens when you actually try to make a transfer from your trading account.
72 OPTION WITHDRAWAL REVIEW | RETURNS
Every successful trader at one point will want to make a withdrawal from their accounts. The process follows a few simple steps online, as well as speaking with the brokerage. However, despite everything seeming plausible on paper, some issues do appear when you initiate your 72 Option withdrawal. There tends to be a waiting period, as mentioned above, for the transfer to go through, but it is supposed to only take a few days to transfer your winnings from your trading account to your banking account/credit cards.
Unfortunately, we have been receiving quite a lot of complaints about this part of the process recently. Many people state that their funds never reach them and that the broker simply ceases communication after that. This prompted us to return to the website and test the process one more time. We’re afraid we can confirm these stories because the same thing happened to us. The process was initiated as usual, but the money never arrived to our accounts. Too bad, because the process, just like the broker, showed a lot of promise and seemed to be serious and professional.
72 OPTION WITHDRAWAL REVIEW | CONCLUSION
The withdrawal process at 72 Option was supposed to be standard and up to par with any brokerage that follows suit with their mandatory compliance. All transfers made seemed to require approval by both the individual investor as well as by the brokerage. Claims that transfers are secured as they use SSL encrypted codes for credit card and wire transfers may be true, but they are worth nothing if the company is not willing to fulfill its part of the deal. In the end, we can only advise you not to start investing with this broker because the safety of your fund and quite possibly your data cannot be guaranteed. Instead, check out some other brokers we’ve analyzed to find a more reliable one.
CHECK OUT OUR LIST OF TRUSTED BROKERS HERE
Hello! I’m Mark Watson, born and raised in Scranton, PA. I’ve been investing online ever since I started college at the University of Pennsylvania (go, Quakers!), where I was an undergraduate student of Economics. At first, I didn’t invest much, I was just hoping to get some extra pocket money, but with time I realized how math and patterns can actually be of great help in this line of work.
After a few years, I moved to London School of Business and Finance to continue pursuing my career in investing, and I eventually landed a job at Credit Bank Europe. The experience I got there was invaluable, plus it assured me that online trading was something I want to do for a living. Sure enough, I became a trading manager in 2015 with FXVC Online Trading, but a little while later I started working on my biggest project so far – BinaryOptionsTrading-Review.com.
The website is still going strong, and we have analyzed hundreds of brokers from all trading fields so far and helped hundreds of readers make the right choice. We also publish trading signals on a regular basis, which have proven to be accurate about 80% of the time!
And since the online trading industry is only growing, with cryptocurrencies and other similar products entering the fray, I am incredibly excited about what the next few years have in store for us. In short, if you want advice from a passionate trader, you’ve come to the right place!
- Michael Reply
I think you should try to file for a chargeback, that is if you used your credit card. I also heard about a special unit under the FBI but don’t have enough credible information on that.
Whats happening to the trading floor I cannot get onto
Hi Gert, I would advise against trading here. So many negative comments from our readers. Can I suggest an alternative broker perhaps?
I’ve invested paid the deposits and was given one change to trade lost $100 still have. $150 in my account never heard what happened to the balance of my money.
These guys don’t get back you WHAT ARE THEY UP TO
That’s exactly how it is; 72Options will f… u as bad, as possible and their software system is completely bullshit. The stupid robot loose and then double the amount, so your money will be gone in a very very short time. Fuck those scammers, god will judge you MF all and that’s what you will expect, cause you stole a lot of money, which were not yours-So u‘ll loose eventually not your dirty money, but maybe your health or whatever. Believe me, there is right and wrong and you are doing bad things to good people.
its a scam people should report it
I have found 72Options to be the biggest SCAM of binary options in the Trading market and they put out so many nice advertisments of there so called money making softwear, that you fall for it, there trading managers are so good in sweet talking you into making thousand, only to find ONCE YOU INVEST like I did, they not only make you lose your money but leave you for dead and forget you. I lost US$10,000.00 with 72OPTIONS
HI , is this a scam?
I think you should stay away from this broker, given how many people have complained about them. Do you need a recommendation about which broker to choose?
Yes please because i am highly interested but you never know when its a scam
Well Bianca, the best broker I can think of is IQ Option.
You can check out our review of them here: https://binaryoptionstrading-review.com/iq-option-review/
Use the orange buttons in the article to open an account with them quickly and you’ll be trading in a flash!
I’m not surprised that 72option is under review.
They don’t answer their phones nor reply to one’s mails.
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I have a trading account with 72 0ptions my account has been built up to the amount of $60.000 .Now i can not log in or withdraw any money. I would like to no if it is ever possable of withdrawing any of this money they oh me. I am feelling very angrey. I hve traded with them for 2 years.
I was a victim of binary options scam. I was shattered and distraught, thought all hope was lost when I lost my money as i have invested all most of my savings. I made contact with the authorities, but was still on the same spot after 8 months. At this point, i decided to look for alternative options
It looks like they are broke,is there a law firm taking them.to court in.bulgaria,they need fresh money apparently their trades are fictious and have no financial back up.they cash your deposit and use it, a snowball system
72 Option has ‘gone under’ with my account standing at £120k – what can I do to retrieve my funds, they stopped communicating with me a long time ago when I began demanding withdrawals. How can I retrieve this money, surely they can’t act above the law in such a fashion and just be allowed to take my money at will ? ?