Option Stars Scam Review
We have made a research of Option Stars 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 Option Stars is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe Binary Options Brokers:
Option Stars is a relatively new binary options trading broker. The company was founded in 2015 and it is owned by Novox Capital Ltd. The company is based in Nicosia, Cyprus. The trading platform is powered by Tradologic which usually offers a large selection of trading assets and features. Still, the OptionStars broker does not seem to possess most of these features promised to enhance the trading experience.
OptionStars promises a world-class service, yet it fails to provide it in multiple languages for international traders. If you want to have a smooth trading experience, you ought to know English at a pretty high level, including the specific trading terminology.
It is indeed true that the Option Stars broker is significantly new to the market, but it has had enough time to try and assert itself as reliable. Our investigation could not find evidence for that. The following review covers our concerns with the Option Stars broker and why think it might be scam.
Is Option Stars Scam?
Even though the Option Stars website is SSL secured, the broker does not hold a license. This is the first sign of warning. If a broker has been refused a license or the renewal of one, this means it has some serious technical and legitimacy issues.
For these reasons, there is no guarantee that the Option Stars broker will offer quality services, which are transparent and reliable. In the binary options trading world, every broker makes huge claims, but only a few live up to what they say. At this point, we cannot confirm that Option Stars is a good option for you. There are proven and reliable brokers available which you can consider before giving Option Stars a try, which are proven to be legit and not a potential scam like OptionStars.
Option Stars Assets
There is a very limited range of assets to choose from when trading at Option Stars. Their asset list is quite small which gives traders limited options to choose from. They offer the standard binary options type available for trading and do not possess unique features to enhance your trading experience.
In other words, in terms of opportunities, Option Stars is an average broker. This adds to our skepticism, created by the lack of a license to provide for a secure trading environment.
OptionStars Trading Account
When you sign up at Option Stars, you can choose from three different types of trading accounts. The first type is Bronze Account where you are required to make a minimum deposit of $1,000, which is very high. Especially given the fact that the average amount is $250 and this account does not offer anything special.
Then there is the Silver Account which is claimed to be the most preferred type of account at Option Stars. The minimum deposit required to open this account is $5,000.
Lastly, Option Stars offers a Gold Account that requires a minimum deposit of $10,000. The benefits of this account include 5 trading strategies, intro and advanced video course, daily and weekly market reviews, one-on-one training once every week and an account manager.
All in all, what Option Stars offers is not quite optimized for novice traders. These account types are more fit for professionals, as the brokerage is not quite user-friendly.
Option Stars Complaints & Overview
As we have mentioned earlier, Option Stars is a fairly new player in the binary options trading market. To our surprise, we found a lot of negative feedback from dissatisfied investors. Based on the complaints that we found, we advise you to use caution when trading with Option Stars. There are much better brokers available which are more reliable and safe so you can consider your options before making a decision.
ConclusionAfter detailed investigation our team concluded that there are better choices than Option Stars. 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 Option Stars.
We recommend you to Proceed to Safety and avoid scams by choosing High-Rated and Trusted Brokers on Is-Scam.com.