Option888 Scam Test

Option888.com Scam Inspection

Option888 Scam Inspection

With so many new entrants into the binary options market, it is only natural for traders to be a little bit cautious when it comes to signing up with Options888. Actually, you should be cautious when signing up with ANY broker. After all, the industry is not helped by the number of binary options brokers that were closed or placed under investigation by relevant authorities in the past. This review will definitely answer the question of whether Options888 is a scam or not.

The answer to that is fairly obvious. It won’t take long for you to realise that this is a legitimate broker. In the short time the company has been around, it has been able to quickly amass a large number of loyal traders by offering many advanced features and an unparalleled service. Let’s take a look at these features and how they help you as a trader achieve success.

Option888 Scam Test | Sign Up, Bonus and Education

The sign-up process for Options888 is transparent and straightforward. At the end of it the trader gets a 100% bonus on the initial deposit. The minimum deposit amount allowed by the company is $250, 250 GBP or 250 EUR. The funding of the trading account with the bonus was instant, so we were able to begin trading with the bonus immediately. It is important to note though that Option888 only offers bonuses of up to $1500 (GBP or EUR).

Option888 wants to help traders build their careers in this business. This is why they have a good library of reading materials and videos covering all areas of binary options trading. We found these videos to be very educational, and the entry level training is perfect to help a complete novice understand the business of binary options trading.  The quality of training materials available ensures that traders always will have a resource to refer to should they experience any difficulties in the trading process. This is important, because only traders who fully understand the workings of binary options will be able to fully utilize the wealth of features available at Options888.

Through the combination of high quality education and a 100% deposit bonus, new traders have a terrific formula for generating good results and building their trading portfolios. So, all of these features work perfectly, without any trace of an Option888 scam. However, this is just the beginning of our investigation. Keep reading!

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Option888 Scam Test | Trading Software and Tradable Assets Offered

One of the ways scam brokers rip off customers is by offering dubious trading platforms that are not user friendly. Our review clearly shows that Options888 is not one of these scam brokers. The trading platform they offer is a magnificent piece of technology and is supplied by Tradologic, one of the leading names in the industry. The charts are precise and the platform offers a truly intuitive trading experience.

Trading options available on the platform include Range, Touch, One Touch, Long Term, Turbo/60 sec, as well as High/Low options. With payouts as high as 89%, you are sure to find a market that appeals to you. As any good trader will attest, a platform that allows a wide range of trading options is vital if you are to stay profitable and improve your portfolio. Switching from one trading option to the other is also very easy. This means you can take different trade types in seconds without any lag. A lagging platform is a nightmare for traders looking to make money on 60 sec options, for example.

You can trade any amount between $10 and $10,000 (or GBP/EUR).

There are also lots of tradable assets on the platform. Traders are spoilt for choice with 20 commodities, 27 indices and 30 currency pairs.  Options888 is also one of the few brokers that offers a stock pickers market. Traders have 167 stocks to select from when choosing their own assets. Put that all together, and you will get an offer that is very difficult to match.

The asset range, interface and technology clearly point to the fact that Options888 is not a scam broker.


Option888 Scam Test | Customer Support and Services

The customer support service on offer at Options888 is outstanding. All members of the staff are very knowledgeable. In a mystery shopper test we were not kept waiting for answers and met some of the most polite customer service personnel in the industry.  You can get to the support through live chat, which is a preferred option for many, or by sending an email. You can also call them on phone or contact them via Skype. Before you contact them with your problem, though, it may be best to first go through the FAQs. The section is loaded with useful information and well designed, so you will often be able to answers to most basic questions without need to contact support.

The website has different language options including French, German, Danish, Norwegian etc. They are also always adding new languages, so the chances are that you can easily choose the language that suits you best if English is not your mother tongue. Definitely no signs of an Option888 scam here, but we’re just getting to the most important part of the analysis, so stay tuned.

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Option888 Scam Test | Funding and Withdrawals

This is where many traders have issues with binary options brokers. If you are worried about Options888 being a scam broker that doesn’t allow an easy withdrawal, you can stop worrying right now. They are one of the best when it comes to transferring money to and from your trading account. The entire process is fast, easy and free from any additional fees, which is particularly attractive.

Withdrawals are incredibly fast, as every request made before 18:00 GMT is approved the same day. There are no withdrawal fees and a minimum withdrawal amount of just $25. We made a test withdrawal of $200 to a MasterCard and it was processed the same day while the funds hit our bank account in less than 48 hours! Very impressive.

Bear in mind that you need to have your supporting documents verified before you can withdraw funds. These supporting documents required are your ID and Proof of Address (a utility bill is usually needed, but a bank statement will do just fine, too).

The funding and withdrawal options supported by Options888 include Truly, Sofort, Paysafe Card, Ukash, iDeal, Skrill, Moneybookers, Bank Wire, Visa Electron, Maestro, MasterCard and of course Visa. Quite a lineup, wouldn’t you agree? Don’t forget that the minimum deposit allowed is $250, though. While this may not be ideal for some people looking to test the waters, it is pretty standard among the best brokers in the industry.

The demo account offered by Options888 should be enough for anyone looking to test the trading platform; or their trading skills. Through it, you will be able to check everything out without any financial danger. We consider this another proof of the broker’s transparency because the demo account hides absolutely nothing from you and you can see for yourself that the platform works perfectly. Another big plus for Option888 in our book.

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Option888 Scam Test | Is Options888 regulated?

In this time when there are many scam brokers, it is not advisable to open an account with an unregulated company. Options888 is not a scam broker and the company is duly regulated by Malta Gaming Authority. This is probably the greatest proof of their legitimacy you can find.

Part of the rules guiding their membership with the MGA is that they are expected to report all transactions that go into a trade repository. The reports cover both financial and non-financial counter parties, as well as all kinds of transactions, including commodity, equity, etc. With this information, it is easy for the regulators to detect system risks, thereby ensuring a high level of transparency.

With this kind of security, traders will never have to worry about losing their trading capital (except through bad trades) and they can be confident in the knowledge that any queries that may arise during the course of their trading career will be addressed properly.

Option888 Scam Test | Conclusion

Options888 is not a scam. It is a new but highly transparent binary options brokerage committed to providing the right environment needed for binary options traders to thrive. They have a valid license from a very reputable regulatory body and go to great lengths to make sure every last cent on their website is perfectly secure. The company is also very transparent, which can be seen from the quality of their customer support and the fact that their demo account allows you full access to the features of the trading platform. There is absolutely no doubt in our mind – this is a completely safe and trustworthy trading partner. Therefore, if you want the best for your money, open an account with Option888. They belong to the very top of the online trading industry.



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Author: Mark Watson

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