CVCoption Scam Review
We have conducted a thorough investigation of CVCoption and we haven’t found significant data about this broker, since they do not rate highly in Google Trends (you can see below the Google Trends graph). You can also view our selection of TOP Safest and Most Reliable Forex Brokers and read their full reviews for safe and secure trading.
Since we have not gathered enough information yet, we cannot confirm that CVCoption is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe Forex Brokers:
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CVCoption is a Forex broker that was founded in 2014. It is owned by CVCoption Limited with headquarters at Global Gateway 8, Rue De La Perle Providence, Mahe Seychelles. That means that this broker is not licensed or regulated by any financial regulatory institution. Our Is-Scam team always recommends signing up with a legitimate and regulated Forex broker that follow the EU laws, so we have made a list of Forex brokers regulated by CySEC (Cyprus Securities and Exchange Commission).
CVCoption uses the latest SpotOption trading platform, but their website is available only in French and English. It has all the standard trading options like One Touch options, Touch options, Long Term options, Pair Options, High/Low options and Ladder Options. CVCoption’s customer support service can be reached via e-mail, phone or live chat.
CVCoption offers several deposit and withdrawal methods, including most major debit and credit cards (Visa, American Express, MasterCard, Maestro, Diners Club) and bank wire transfer. Note that you can withdraw funds only by the same method you deposited with. The minimum withdrawal amount for credit and debit cards is 100 USD, GBP or EUR, depending on your account currency. The minimum withdrawal amount for wire transfer however is 500 USD, GBP or EUR, which is very high. There aren’t any withdrawal fees or processing charges.
When you are requesting a withdrawal, you will be asked to provide proof of address and identity, by sending scanned copies of your passport and an utility bill from the last six months for example. But this is a pretty standard procedure when withdrawing. CVCoption’s withdrawal process takes up to 10 business days before the funds appear in your account. However please note that traders who are given bonuses by CVCoption aren’t able to withdraw funds from their trading accounts, until they trade 30 times the bonus amount they were given. This requirement is very important, since it can cause withdrawal issues with CVCoption’s clients.
What raises a major red flag about CVCoption is that it is registered in the Seychelles and that means that this broker is not regulated by CySEC or another of the financial regulatory institutions. You should be cautious, since there is not enough information about whether this broker is safe or not. Although CVCoption has a London address listed on their website which is “O.R.L MARKETING LTD. 20-22 Wenlock Road London, England, United Kingdom”, if you read closely on their site it says that this is a postal address, which most likely means that this is not an actual office.
Our team’s recommendation is to always sign up with a Forex broker, which is licensed and registered, so you know that it follows the strict EU regulations and laws. This is why we investigate all Forex brokers and make a list of the safest and most reliable ones, which we constantly update. To see our selection of the Top Safe Forex Brokers, click here.
Our investigators read several complaints from traders on the internet about CVCoption and they were mostly about customer support problems and withdrawal issues. However, we can never be 100% sure that these complaints are legitimate or maybe they have been posted by competitors. It is best to be cautious and research more, so you can be absolutely certain that there aren’t any problems with CVCoption.
CVCoption Demo Account
CTOption doesn’t offer a free demo account. The only way to get access to a demo is if you sign up and fund your trading account. Then you can contact your account manager and ask for access to a demo account, but only if you have deposited money first. You can still test out the trading platform without real risk of losing and with no real profits.
Demo accounts are mostly suitable for novice traders, so they can practice trading with no risk and develop their own strategies and trading techniques, before entering the live financial markets. But since CVCoption uses the SpotOption platform, if you are an experienced trader, you have probably already traded on this platform.
Like we have said before, it is very important to thoroughly read the terms and conditions and bonus policies of the broker before you decide to accept any bonuses. Like any other Forex broker CVCoption offers signing bonuses to the new traders. The thing you have to know is that you cannot withdraw any of your funds, until you have traded the bonus amount 30 times the amount of your deposit. So you have to consider if you will be able to trade such a volume, before accepting a bonus from CVCoption, otherwise you will have issues withdrawing funds from your CVCoption account.
ConclusionAfter detailed investigation our team concluded that there are better choices than CVCoption. We cannot confirm that this Forex broker is a scam, but our research revealed enough traders’ complaints to not make us feel safe trading with CVCoption.
We recommend you to Proceed to Safety and avoid scams by choosing High-Rated and Trusted Brokers on Is-Scam.com.