Is UK Option a Scam?

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

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

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UK Options Trading Platform

UKOptions are trading brokers using a binary options platform “SpotOptions 2.0”. Web oriented trading is easy to use, self explanatory, comprehensive and smart phone supported. A short tutorial video explains working of this platform for the ease of users. User can swiftly navigate to their relevant information and switch between tabs provided on the platform.

The SpotOptions platform provides multi time options from 30, 60, 90,120 and 300 seconds. There are free online books also available on this platform form educational purpose of the user. This makes UKOptions a good package with few improvable things like enhanced connectivity for Android users.

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UK Options Account

UKOptions provide four different kinds of accounts based on minimum initial deposits and features provided including Islamic acconts. Beginner account suitable for new traders and can be started with deposit of 1000USD. Experienced account can be started with 5000USD with advantage of bonus amount up to 3000USD. Professional traders can opt for Professional account by depositing 10000USD and earn up to 7000USD bonus.

VIP excellence account can be opened with minimum 50,000USD making it too much expensive for common trader. All the accounts are embellished with few secure trades. There is information provided regarding profit percentage 80 to 500 percent but there is no information regarding how much loss a trader has to bear in case of failure.

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UK Options Investment House

UK Options is an investment house owned by Smartech Limited, Vincent. This investment group accepts investment in various kind of business including binary option trade. Binary option is a risky business as cautioned by this investment house well before a user intends to invest money. Customer compliance mechanism and progress orientation approach are key features of this investment group. This investment house attracts not only new customers but also experienced customers with variety of accounts and trading opportunities. High initial deposits are tried to justify with strong customers support and perks, but still small traders cannot enjoy them due to higher cost.

UK Options Review

UK Options is a binary trading company using most advanced platform of SpotOptions where traders can trade in more than two hundred assets like currency, stock, commodity and index. Mobile application is another strong feature augmented by live feeds regarding prices.

Reviews and reports are also provided through email and online support. Bonuses are high up to 500 percent. Payment and withdrawals methods are many. Minimum withdrawal limit is set as 100USD but Bank wire deposits require at least 500USD for funds transfer which is a drawback. Fast and convenient method like Bank wallets are also not accepted by UK Options.

UK Options Scam

UK Options binary broker runs under regulations of “Financial Services Authority (FSA)” in United Kingdom and monitored by MiFiD. This makes UK Option a legitimate binary broker for UK market. A regulated company does not always mean that it may not deceive traders. Fraudulent companies get themselves regulated with game regulating authorities, who consider these brokerages as “regulated gambling game” and does not apply rules of financial regulations. UK Options remained as top brokers with good image in UK market. Market though there are complaints about unwilling reinvestment of trader’s money without prior consent coupled with tempering allegations with platform software.

Traders Comments

Click on the thumbnail below to see traders’ comments..

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Conclusion

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

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

16 Responses to “Is UK Option a Scam?”

  1. fernando sanchez April 30, 2016 at 8:01 pm

    Uk option es una estafa total, no paga, tengo un retiro mas de un mes y no pagan, no responde soporte, no responde financiero de ukoption, no responde mi asesor de cuenta.
    Es una estafa total, yo voy a denunciarlos ante la interpol, probablemente no recuperare mi dinero pero si todos los denunciaramos ante interpol posiblemnte irian con sus huesos a la carcel, cuidado con ukoption, es estafa

  2. Per-Olof Karsten May 12, 2016 at 8:48 am

    Fraud by AAoptions and their James Padmore and Adam Ansoff.
    Can you help me finding these people and tell me email address of AAoptions.
    Kind regards
    Per-Olof Karsten

  3. UK Options is a scam broker! Stay away!!

    It is impossible to withdraw money from an account with UKOptions. They simply don’t respond at all to withdrawal requests.

    WARNING to all possible future clients of UK Options: If you deposit money here, you will never see a penny again. Either you will loose on so-called “secure” trades”, or they will just refuse to respond to your withdrawal requests. Either way, you loose. For God’s sake, stay away from this broker!

  4. Lee Wah Tee May 24, 2016 at 1:22 pm

    It is a total scam!!! I had a pending withdrawal for One Month but not process at all. I had three times chats with them but always refer to finance department!! Beware!!!

  5. Stop any connection with this devil broker, he is heartless with no nerves. They have just robbed me of 250 USD mind you I am a pensioner.
    A young man known as Sam Morgan is a young devil with a soft voice, so mark him.

  6. Biggest scam ever!!! // Es una gran estafa!!
    Stay away from these people, the lied to me saying i could withdraw my money any time i wanted. That is absolutely not true. I have been trying to withdraw my money since months ago and they never approve it.

    Alejarons de esta chusma. Son unos ladrones estafadores sin etica ni moral. Cuando hable con ellos por primera vez me dinero que podría retirar mi dinero cuando quisiera, enorme mentira. Llevo intentando retirar mi dinero desde hace meses y nada. Intenta hablar con mi broker y me ignora completamente. Por favor ni se os ocurra meter nada de dinero en esta plataforma, no lo vais a volver a ver NUNCA.

    • Ben Sawicki June 8, 2016 at 1:19 pm

      Silvia, we do not recommend this binary options broker and we always advice traders to choose the tested and proven to be reliable brokers. Hope you enjoy your trading and manage to withdraw your profits from UKOption.

  7. Peter Gowdy June 9, 2016 at 10:09 am

    this company must be a scam no one wants to talk they owe me $500 but it looks now I have lost that.what do you think.I have tried on many occasions to withdraw my money from this company they don’t seem to want to know I have even said I would contact the FCA they don’t answer do you know anything about them

  8. Paul Oranika June 15, 2016 at 3:00 am

    UK Options is definitely a scam I opened an accout with $, 000 US dollars, they told me they would match my initial deposit. They did quite alright, but have hijacked my money and would not allow any withdraws from my account.An attempt to close the account failed because they would not allow me to close my account. Last time I checked my account had a balance of over $500 dollars, today I checked the balance was $124 dollars.There was no trading between the period when these balances were recorded. Can anyone help out, who do I complain to? Are they regulated? By whom? Any information would be appreciated.

  9. UKoptions is a total scam,please look for a regulated broker if you are considering binary trading. This brikerage house should be shut down,have never retuned a single dollar to any of their investors….!!

  10. Scam broker, they ignore withdrawal requests, promise to call me at an agreed time and never do, respond to emails rudely and repeatedly try to call at times of day that they know I am not available to talk to them, which makes it look like they have tried to contact me.

  11. Do UKOptions still exist, their platform is still accessible, however the email addresses of the brokers that I have been dealing with have been discontinued and the live chat has stopped. They are totally un-contactable.

  12. I have been trying to get onto their website for 3 days now and it just comes back as ‘Page can’t be found’ has anyone been able to contact them?

  13. Yes, I agree with so many people that UK options was a scam broker I lost $250.00 last week now, I won,t be able to log-in to the website anymore.

  14. UKoptions is now unacessible by email and to the broker.Also cannot login. I agree with R Wright. My funs average USD6000 cannot be tradable. Mark Baum trade USD2000 for 15 mins asset and lost without my knowledge. This a reckless money management. Another win trade resulted into lost trade. Definitely, UKoptions is a scam website. Stay away from this Company.

  15. Cannot contact UK options
    What is the answer?

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