Is Max Options a Scam?

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

We have made a research of MaxOptionsand 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 MaxOptions is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe Binary Options Brokers:

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MaxOptions Review

MaxOptions is in the binary options industry since 2012. Their slogan is “Minimum Time, Maximum Profits!” but this statement is not proved to be true – based on the traders’ negative feedback over the Internet. Their trading platform is available only in English. You can choose among 70 different assets.

MaxOptions Scam

Max Options is a broker based in Switzerland. MaxOptions has not managed to become regulated for many years. This broker does not offer any bonuses and promotions to the new traders. Our team did not find enough information to confirm that this broker is scam but we still doubt their legitimacy and we recommend you to choose another approved system.

maxoptions

MaxOptions Account Types

Our investigation shows that there is not much of a choice when it comes to opening an account with Max Options. It is a brokerage with very limited opportunities. Even though we do not recommend it, here is the list of accounts you can start with if you decide to join Max Options:

  • Mini Account – requires a minimum deposit of $250. It is recommended by Max Options for newbie investors.
  • Silver Account – starts from a deposit of $5,000. Max Options suggest it as suitable for people who want to gain knowledge and experience and become experts.
  • Gold Account – the initial investment should be minimum $10,000. It is offered for people with a lot of experience, who consider themselves professionals.
  • Islamic Account – created for the followers of the Islamic faith, this is an interest-free account.

We tried to evaluate the quality of the offered features that come with every type of account. The results show that the opportunities provided by Max Options are average and are not helpful for the traders. There are much better brokers you can find in the industry, there is no need for you to satisfy yourself with poor quality and lack of diversity.

>> Visit Is-Scam Approved Broker < <

We also discovered a contradiction on the website, regarding the minimum deposit required to start trading with MaxOptions. In the FAQ section of the brokerage it is clearly stated that the minimum required deposit is $300. This is a misleading factor that has pushed away a lot of potential clients.

Max Options – Tech Problem & Complaints

We tried to learn more about the assets offered for trading by MaxOptions. What we stumbled upon was the complete lack of a list, summarizing all available assets. Except for their number, we do not know which asset type dominates the Max Options trading platform.

In the course of our investigation, we also uncovered a number of different complaints regarding withdrawal procedures and customer support. They are both in a poor condition which is another factor that throws off traders. In our practice we have discovered brokers which are more reliable than Max Options. Thus, our advice is that you consider one of them as your trading partner, because MaxOptions does not seem like a profitable opportunity.

MaxOptions Demo

Max Options do not offer a demo account to their traders. This is a big drawback because a demo account gives the opportunity to traders to see all trading features of the platform and to find out for themselves if this broker is suitable for them.

MaxOptions Deposit & Withdrawal

The minimum deposit at MaxOptions Broker is $250 which is a high one compared to other brokerage firms in the industry. We came across some complaints regarding the withdrawal procedure and the time for its processing. The withdrawals made by credit card may take up to 10 business days and for Bank wire – 5-9 working days. There is a service fee of $25 for wire transfers.

Conclusion

After detailed investigation our team concluded that there are better choices than MaxOptions. 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 MaxOptions.

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

17 Responses to “Is Max Options a Scam?”

  1. Victor A. Young April 22, 2016 at 10:30 am

    Max Options is a scam. They contacted me via my mobile phone and persuaded me to open a trading account with them. I sent money to open the accounts. I later decided not trade with them upon the advise of a colleague. All attempts to ask for full refund of my the money sent for opening my accounts have proven futile; nobody picks up my phone calls or responds to my e-mail. I can’t even access their chat dialogue box, since it doesn’t allow me to post my enquiries in the chat box. I noticed this once I had completed typing my name and e-mail. People should stay away from this scam binary options broker. I will be grateful if someone could help me resolve this problem. Their Toronto, Canada Phone contact is out of service. U.K. phone: 44-20-376-93658

  2. I think they are just getting started. In Switzerland regulation is very strict and probably non-USA in principle, like the rest of CH banking. I was charged double on start up because I clicked twice on the pay icon, but received a refund to my VISA card.

  3. I think they are just getting started. In Switzerland regulation is very strict and probably non-USA in principle, like the rest of CH banking. I was charged double on start up because I clicked twice on the pay icon, but received a refund to my VISA card and actually made a profit. I have started to make a profit with my account so all seems to be good.The minimum deposit is $250 and not $300 as stated.

  4. I started trading with them and like some others i clicked twice and instead of $250, $500 came off my credit card. They encouraged me to take a bonus of $250 if i allowed the extra $250 to remain. I took it and after loosing money i decided to take out what i have left in my portfolio excluding there bonus.

    After trying for nearly four weeks to get back the rest of my money, they are telling me that because of the bonus i will have to reach turnover amount before withdrawing.

    • Ben Sawicki May 20, 2016 at 10:17 am

      Lennon, as you can see from our MaxOptions Review we do not recommend traders to open account with this broker. But, there is always this special requirement for accepting the bonus. When you accept a bonus you have to reach the turnover amount – this is a policy followed by all binary options brokers on the market.

  5. YVES RAVELO May 23, 2016 at 1:47 pm

    yeah same with me here . what is this turn over amount they were talking about ? none of this had been mentioned from the start … it really pissed me .. my balance now is $1792 , i just want to get my money back … they kept on cancelling it fuck !!

  6. can you explain that turn over amount ?

    • Ben Sawicki May 23, 2016 at 7:59 pm

      Hi Yves,
      this info is available in our blog articles

    • Ben Sawicki June 9, 2016 at 12:35 pm

      You can read this in their FAQ Section about the binary options bonuses offered : “All redeemable bonuses are subjected to trading volume requirements, as set forth in the respective award, but in any event the trading volume requirement on your Account shall be at least 30 times your bonus amount (i.e. you are required to trade in open positions an aggregate amount which is equal to the volume requirement, e.g. if your bonus amount is US$100 and the trading volume requirement is at least 30 times your bonus amount, you are required to trade in open positions, an aggregate amount of at least US$3,000).”

  7. This company is not reliable. I first spoke with their financial adviser. They collected £130.00 from me. The second time another broker by name Tomas Hanson talked me over to disclose my bank details. Thereafter, in less than one hour, they have made series of attacks into taking money from my account. I have written several mails asking to refund me the initial money of registration. No body replies to those mails. All the phones numbers used to contact me are not barred when are ring them.
    I wish the general public to know that this company is a big SCAM.

  8. This is a total scam. I was contacted in November on the back of withdrawing from another broker and all went well from then on and there were steady gains and I have banked £3,000 up until May – but this was at the cost of investing £27,000 gradually due to skilful friendly persuasion and drip feeding me profits. First the sweet talk – then the hard stuff – at the beginning of this month “the Senior Trader” took over and said that he would sell the long term trades ongoing and use them to get a quicker more profitable turnover – OK so he netted £20,000 and after a lot of promises extracted a further £7,000 from me (but having used a credit card I should get this bit back)
    He then pulled the plug, I was no longer able to log in, no answers to e-mails and on any attempt to phone the line goes dead after about rings.
    They are entirely plausible –
    We need to stick together and formulate a plan
    My bank have advised me to threaten contacting the police – lets get active !

    *When I say netted £20,000 – I mean my £27,000 became £20,000

  9. I have invested only 250 Dollaer so far & maxoption is pushing me to invest 5000 dollars so should I say no

  10. I just signed for $250.00 US. The broker said that I should start with $5000.00 to $10,000.00. I find the ads are too sweet, and something is not right. Phone calls are not returned, but they communicate only by mail and they call me but my calls don’t go through to them. Shouldn’t it be a two way communication? Any financial institution should accept calls. A broker will call me this Thursday to begin the process but after reading your comments I think I rather loose $250.00 rather than $25,000.00.
    Any more advises.
    Thank you all.

  11. Torbjørn Tønnesen June 28, 2016 at 12:55 pm

    I have the same problem.

  12. David Maxwell July 27, 2016 at 11:33 am

    biggest scammers ever as every time i earned more than 30k and wanted to take out funds they made trades that were going to lose without my permission and then when i request to withdraw what is left they don’t respond and then my account zeros so i can’t re-request withdrawals. Also all my account managers stopped responding as soon as i requested a withdrawal

  13. Whitney Smith July 31, 2016 at 4:11 am

    After joining Maxoptions and depositing about $600 to start, I decided to go with another broker and requested to have my deposit refunded, which they said would take 3-5 business days. That was almost a month ago. On my banking history it reads ‘pending’ and has done so since the day I requested the refund to my credit card. After a week I contact edEmma Oliver, who is in charge or work in the Compliance Dept., and she was nice and said she would have the accounting department contact me; in almost a month no one has contacted. Mastercard is investigating them at my request. So why would a company give me a problem about refunding a mere $600? And why would they say they would contact me and never do so. Such a small issue, but telling, I think, of a poorly run or questionable administrative structure, general company ethic, or at least, regard for their customers.

  14. mustafa abuelgasim August 22, 2016 at 7:07 pm

    Maxoptions is a scam. They took 5k from my credit card and then became inaccessible to me. Danial Gold is their scammer.

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