Score

1.16 /10
Danger

Option2Trade

Suspicious Regulatory License

High potential risk

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Comparison

Expose

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index4.34

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

Option2Trade

Company Abbreviation

Option2Trade

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-06
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Option2Trade · Company summary

Note:Option2Trade's official website:https://option2trade.com/ is currently inaccessible normally.

AspectInformation
Company NameOption2Trade
Registered Country/AreaChina
Founded Year2019
RegulationUnregulated

Option2Trade Information

Established in 2019 and with headquarters in China, Option 2 Trade functions as an unregistered trading venue. For dealers weighing its offerings, this lack of control could provide hazards.

Option2Trade Information

Is Option2Trade Legit or a Scam?

Option 2 Trade conducts business is free from government control,so the financial regulation is not applicable. For traders who are thinking about using the platform, its unlimited character can cause issues about security and compliance.

Is Option2Trade Legit or a Scam?

Downsides of Option2Trade

Operating without government control, Option 2 Trade exposes traders to more risk because of lower responsibility and less openness.

Also,Option2Trade has a dubious commercial scope.It implies possible dishonest behavior or ineffective operations.

Option 2 Trade lacks significant technical indicators including MACD and Bollinger Bands and provides few ways to change charts. This makes customers less able to trade successfully and evaluate information.

Negative Option2Trade Reviews on WikiFX

On WikiFX, “exposure” is explained as user-generated word-of-mouth.

Before trading on uncontrolled platforms, traders should check material and evaluate dangers. About related details, kindly review our platform.

There were 2 exposures of Option2Trade on wikifx. I will introduce them all.

Exposure.1 Account frozen

Negative Option2Trade Reviews on WikiFX
ClassificationAccount frozen
DateApril 18th,2024
Post CountrySouth Korea

The client claimed that despite confirmed facts, Option 2 Trade froze their account, therefore stopping profit withdrawal.Visit:

https://www.wikifx.com/en/comments/detail/Co202404188641152682.html

Exposure.2 Lacks indicators

Negative Option2Trade Reviews on WikiFX
ClassificationLacks indicators
DateApril 18th,2024
Post CountryAustralia

The consumer mentioned Option 2 Trade provides little chart customizing and missing basic technical indicators like MACD and Bollinger Bands.One can visit:

https://www.wikifx.com/en/comments/detail/Co202404189671402942.html

Conclusion

Trading is dangerous on Option 2 Trade since it is an uncontrolled platform with dubious business methods and technological restrictions. For a safer trading experience, use controlled and open brokers.

News

ExposureReview of Option2Trade: A Cautionary Tale for Traders

Uncover the risks with Option2Trade: a broker's non-compliance and website issues pose potential investment hazards.

WikiFX
2024-03-19 13:56
Review of Option2Trade: A Cautionary Tale for Traders

User Reviews

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User comment

2

Comments

Write a review

Gaberial Loung
more than one year
On May 2nd, 2023, I opened a successful buy order on oil with 0.45 lots. Starting with a $200 deposit and their 50% bonus, I turned a tidy profit of $228.18. Excited to cash out, I went to withdraw, but Option2Trade threw a wrench in the works – they froze my account! Their excuse? Unverified profile. That's a complete lie! Everything was verified before I deposited – I have video and screenshot proof to back it up!
On May 2nd, 2023, I opened a successful buy order on oil with 0.45 lots. Starting with a $200 deposit and their 50% bonus, I turned a tidy profit of $228.18. Excited to cash out, I went to withdraw, but Option2Trade threw a wrench in the works – they froze my account! Their excuse? Unverified profile. That's a complete lie! Everything was verified before I deposited – I have video and screenshot proof to back it up!
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2024-04-18 16:26
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Elijah Beirer
more than one year
Essential technical indicators like MACD or Bollinger Bands are missing. Customization options are severely limited, forcing you to stare at basic price charts devoid of valuable insights.
Essential technical indicators like MACD or Bollinger Bands are missing. Customization options are severely limited, forcing you to stare at basic price charts devoid of valuable insights.
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2024-04-18 13:58
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