Is Master Option a Scam?
We have made a research of Master Option 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 Master Option is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe Binary Options Brokers:
Master Option Review
In the last few years there have been many new binary brokers joining the market. Master Option is among those few. It is owned by a company named BBM services provider limited and is located somewhere in the Pacific Island.
Even though they are situated off the coast, they have a UK contact number which is +44 203 608 5172. Also, they can be contacted via email at [email protected].
The trading platform is based on SpotOption software and no downloads are necessary to access it. One can start trading once they open and fund an account. People who are not very tech savvy can also use this platform quite easily.
However whether the platform really holds up during intense live trading sessions is not yet officially known, so we can’t guarantee it.
Master Option Trading
The most important part of the binary platform is the trading. A broker needs to provide sufficient tools to perform this task. Many traders choose a broker based on the number of trading tools they have on their platform.
As per our research, Master Option provides a speed trading option. You can choose to set your limit for 30 or 60 seconds for some trades. Plus, for those who like to trade in pairs, there is also a pairing option on their platform. Expiry time can also be set monthly or weekly.
So in Master Option the trading options are quite flexible. There is another feature that sets the bar and that is, the SpotFollow feature and traders can really vary their trading strategies. However all these do not ensure trading successes and quick money. True financial success requires patience and knowledge about the trading industry.
Is Master Option Scam?
Despite all the good features one has to consider if the broker is a scam. You might have had many successful trades, you might have earned a lot, but you might not be able to withdraw. The broker might not allow you to manage your risks. These are the big issues that should be concerned before you invest with this broker.
Another way to rank and judge a broker is by their license. Many long time and professional binary options traders won’t trade if the broker is not licensed yet. The novice must take a hint and avoid trading with the unreliable brokers. That being said, sometimes the new brokers do not obtain license immediately.
Master Options for one is not a regulated broker and they do not have a CySEC license.
Master Options Account Types
There are four different types of accounts which you can open. They are:
- Mini: Initial deposit of $500 to $2500 will give you this account type. You will get access to all the educational material. Also, a 25% investment bonus will be given to you under this account type.
- Platinum: Deposit amount above $2500 and up to $5000 will be considered under platinum account. They give you financial news feed as well as investment bonus under this.
- Premium: $5000 to $25000 first deposits will be considered as deposits into the premium account. Here you will get 30 minutes personal trading session.
- Infinity: Infinity account holders deposit above $25000 and receive VIP services such as faster withdrawals, personal broker, etc.
The platinum account is considered to be the “trader’s choice” account on this site. However we urge all traders to carefully look at their policies and trading terms before depositing any higher amount of money.
Master Option Complaints
We found out complaints about Master Option on the Internet regarding the customer support and the slow withdrawals. We cannot guarantee if those complaints against Master Option are genuine.
However, we still do not have enough data to verify if the broker is reliable or it is a scam. We are still collecting information. We ask you to keep coming back to this site to know about our latest findings about this broker.
Meanwhile we suggest you go with the brokers that are already proven to be trustworthy.
ConclusionAfter detailed investigation our team concluded that there are better choices than Master Option. 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 Master Option.
We recommend you to Proceed to Safety and avoid scams by choosing High-Rated and Trusted Brokers on Is-Scam.com.