Is 500Option a Scam?

500Option promises secure trading and offers generous bonuses to new clients. But is this broker legit or is 500Option a Scam?

We have made a research of 500Option and found out that they do not rate highly and there is no significant data about them. As an alternative we have selected our Top Safe Binary Brokers along with detailed reviews for safe and secure trading.

Since we haven’t gathered enough information yet, we cannot confirm that 500Option is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe Binary Options Brokers:

Top Alternatives: (5 Star Rating) * * * * *

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500option Review

This is one of the newly introduced binary options brokers at the moment. It is not a recommended system because the techniques they use in trading are not innovative and up to date making it not a preferred choice among the binary options traders.

>> Visit Is-Scam Approved Broker < <

Having founded by the “top pioneers in the world of business” who really understand the market situation of the industry. But we were not able to find any legitimate information about the creators of this software so we advise you to be very cautious if you choose to trade with this system. We are still gathering information; therefore we cannot confirm that 500Option is safe.

500option Scam

This is a new binary option broker. They have got trading options but there are no different from what other competitors in the industry can offer. In order for you to sign up with them you have to provide proof of your residence and identity. Keep in mind that we have seen a number of Binary Option brokers who do not meet the client expectations besides being regulated and fraud free, at the same time involving robots in performing trades. There is no clear information on the  website whether 500Option is regulated or no so we recommend you to choose another approved and trusted broker.

500Option Demo Account

You are provided with a few types of accounts to choose on such as i.e. the entry-level Micro Trading Account’ silver trading account etc. Therefore if you are still a beginner then you can use the demo account, but keep in mind that it is equipped only with the basic guidelines of trading binary options.

500Option Minimum Deposit and Withdrawal

It has not got a transparent and secure method of payment, supporting only GBP and EURO with a minimum deposit amount of $250. This amount is reasonable and thus does not raise any red flag about the system. But it has got a slow withdrawal procedures which take an average of 6 business days.

Conclusion

After detailed investigation our team concluded that there are better choices than 500Option. We cannot confirm that this binary options broker is a scam, but our research revealed enough traders’ complaints to not make us feel safe trading with 500Option.

We recommend you to Proceed to Safety and avoid scams by choosing High-Rated and Trusted Brokers on Is-Scam.com.

Or Select Another Broker From Our List

6 Responses to “Is 500Option a Scam?”

  1. I transferred some first funds into my 500option account on the 27/11/2015 and it was £750. Idea behind was to make some additional income and stop doing some much overtime. I read reviews online about 500option, which were good and definitely stating that it’s NOT a scam. By the way it still says that on many sites.
    My first account manager was Evan Bennett, even had some educational sessions with him.
    He was very quickly changed to Alex Cooper (real surname Bielik). We communicated a lot through Skype. He convinced me to make a Risk Free Trade. He even said that he got permission from his CEO to increase it for me from £5k to £10k. Overall I opened £7k worth of Risk Free Trades. Most of it ended up out of money, anyways they credited my account very promptly with a refund. At that point they also presented me with T&C for risk free trades stating that the volume required to trade before I can make a withdrawal is 20x (20×7000=140000). At that point I thought I’m going to blow up. Thinking to myself how I’m going to trade such volume, with a full time job it will take me ages (credit card fees going to destroy me).
    At that point Alex Cooper convinced me to open managed account if I transfer additional £5k to my 500option account. Foolishly enough I did. He actually done a very good job trading with my funds for two weeks. My account grew and ended up with half a volume out of the way.
    From that moment on I was left to my own resources when it came to trading. I actually surprise myself how well I’ve done. One more account manager change (Jett Henderson) and few months later I reached the volume. Extremely happy as you can imagine that I will have over £13,5k profit to enjoy.
    That’s when the dream ended, after few weeks of trying to withdraw my funds I came across forums entries, about people who never managed to withdraw their funds, even that they tried for months. I invested £12750, it was my savings but most of it out of my credit cards. I’m in the process of disputing those transactions with my bank and credit card companies. I don’t believe that I will get it all back, but need to exhaust my options first. Can anybody help?
    It’s basically confirmed that 500option is a SCAM company, yet numerous web sites highly recommend them. If anybody got their details (for example their London address) please comment here, as I will be passing this to whoever I can to shut them down. I’m sure there’s many people out there who keep trading with them, but because they didn’t get to the point of withdrawal, are not aware of it. I started with rating their mobile app as SCAM and Fraud. If you can do the same, please do.
    Thank you for taking the time to read it. I’m off to tell my wife that I f…ed up.

  2. SCAM- Broker you will never get your money back I have been trying to withdraw for the past 2 months all I get is we are extremely busy processing withdrawal request from other customers and my turn will come in due course.
    These people need to be shut down!!

  3. they don’t process withdrawal requests, so its a def scam, my withdrawal has been pending for 5 weeks. i have used many other brokers, some fast some slow, but this one is the worst at withdrawals, if they eventually process it i will update this post.

  4. BIG SCAM! They just want all your money! You will not see any profit and your own money every again! Stay away from 500option!! and if any authority can shut them down!!! They took so many people’s life savings and this is not right!

  5. How can I get my money back from these people. I have trying to contact 500options for the last week but can’t get through to any of the numbers. I have processed a withdrawal 4 weeks ago with no success who can I go to for help

  6. pete marsden July 25, 2016 at 11:55 am

    same story as all the above with an extra they took my card detauls for a deposit of £250 but actually took £7500 , as soon as i spotted it i rang my bank to cancel the transaction but was told by NAT WEST that they are unable to re-call transactions to Binary Companies WHY i ASked but without any good reason ?????? Still MYSELF Trying to recover my Funds.

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