Is Imperial Options a Scam or Legit Broker?
We have made a research of Imperial Options 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 Forex Brokers along with detailed reviews for safe and secure trading.
Since we haven’t gathered enough information yet, we cannot confirm that Imperial Options is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe Forex Brokers:
Imperial Options Review
Imperial Options is a relatively new Forex broker on the market. Within this short time frame they’ve created quite a buzz. This is why we did some research to bring you the latest information about this broker.
According to their website, this broker is based out of British Virginia Islands. But their billing services are provided by Mentors Marketing Ltd, 207 Regent Street, London, UK. You can get in touch with them via telephone from 9am to 9pm, GMT time.
Imperial Options is based on the SpotOption platform. This platform is a reliable one in the market. That being said, the broker is not licensed or regulated. Also, they are offering some combo features like trading robots and bonuses. But we have to ask our traders to be careful about the bonuses offered, and be thorough with the terms and conditions.
Is Imperial Options Scam?
It must be noted that it has been over a year that they’re in the business now. Traders have complained that they are a scam broker. They do not have regulation and so it cannot be said with certainty that Imperial Options is safe and reliable.
We highly recommend traders to choose another approved Forex broker. We will keep you updated if some recent information about Imperial Options comes up. Make sure you have read the terms and conditions of this broker before investing. Many times the traders do not read the conditions properly, and incur huge losses.
Imperial Options might be based on a reliable trading platform SpotOption but that does not guarantee that this broker is not scam and that there are not going to occur certain problems with the withdrawal process.
Imperial Options Trading
Trading can be done with number of tools and assets on the platform. There are 180 assets available on this platform. This is quite a large figure for any trader. This means that one has enough choices to place their trades on. This is a plus point of Imperial Options.
Their platform also has varied Forex trading tools. They have short term speed options and long term options. The latter can expand the expiry time up to one month. There are also Forex ladder, CFD and pairing options available. They also have Forex tickers including Google, Tesco, Volvo, etc.
All major and minor currencies can be traded. In order to trade you will need to make a minimum of $250 deposit on their platform. It must be noted that, Imperial Options does not have automated trading feature available.
Imperial Options Regulation
The terms and conditions are agreed upon between you and LandMark Trade Ltd, the owner of the broker. These agreements include the platform regulation and the commodities, currencies and stock regulations on the site. The trader must go through them and agree with them only after reading and understanding them.
Talking about the offsite regulation, Imperial Options has not received any regulation from any financial regulatory body. In fact, being from UK, it has not even received the regulatory stamp of the UK financial regulatory body. This goes to suggest that Imperial Options might not be as reliable as traders may expect. There are mixed opinions about this broker among the traders. We suggest the traders keep looking for approved Forex brokers.
Imperial Options Complaints
We did an intensive research to find out if there are complaints. Many times the brokers have complaints against them from their rivals. Other times the complaints are from people who have not read the terms properly. This makes it hard to reach a conclusion. However, if more people are complaining against them, the broker is a scam.
We found several traders’ complaint over the web trading forums regarding Imperial Options, but we cannot be absolutely sure if they are legitimate or they have just been written by the broker’s competitors.
As a final word, we ask our traders to exercise caution when dealing with Imperial Options, and suggest them to rather sign up with a more reliable broker.
ConclusionAfter detailed investigation our team concluded that there are better choices than Imperial Options. 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 Imperial Options.
We recommend you to Proceed to Safety and avoid scams by choosing High-Rated and Trusted Brokers on Is-Scam.com.