We have made a research of OptionRidge 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 OptionRidge is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe Forex Brokers:
OptionRidge is a Forex trading broker that offers a variety of trading options. They have assets to choose from which includes a variety of stocks, indices, commodities and currency pairs. If someone who is new to Forex trading, there is a variety of features and tools to take advantage of as well. They have an interactive education and learning centre that aims to provide training to traders. With the use of some basic tools, traders can learn the tips and tricks of making trades.
Even if you are a veteran, there are features and tools that are also suitable for you. This ranges from advice on daily market trends, personal account managers and market analysis. For anyone who likes to trade on the go, there is provision of mobile trading. Now it is possible to execute trades using a mobile device such as a smartphone or tablet. OptionRidge claims to have a lot to offer to traders to enhance their trading experience, but is this broker legit and reliable or is it just another scam?
Is OptionRidge Scam?
During our investigation of OptionRidge, we found out that the broker does not have a high Google ranking. Although most of its traffic seems to be coming from the UK, the broker is poorly socialized meaning that we could not find any information about it on social networking platforms. There are also no visitor reviews on OptionRidge, but according to Google and Siteadvisor, it has a safe domain. So basically at this point, it is hard to conclude that OptionRidge is a scam.
But at the same time, we cannot guarantee that it is safe and reliable. In addition, information about whether it is regulated or not also cannot be found. We were not able to establish that OptionRidge is a regulated and licensed broker. There are so many alternatives that you can consider when it comes to Forex trading. There are more reliable brokers out there and therefore we suggest that you stick to a reliable option.
OptionRidge Deposit and Withdrawal
A range of deposit and withdrawal options are available if you are looking to make a deposit or withdrawal at OptionRidge. The deposit methods include Wire Transfer, Credit Cards and other online payment methods such as Skrill, Neteller, Webmoney and few other options. The withdrawal methods are the same as the deposit methods. The minimum deposit amount is $250 and the maximum depends on the method of deposit used. The minimum withdrawal amount is $150. Traders who wish to make a withdrawal below the minimum amount will have to cover the costs and charges associated with the processing of the withdrawal. If traders use credit cards to make a withdrawal, then the amount cannot exceed the deposit amount.
OptionRidge offers some bonuses and promotions. A welcome bonus of up to 100% may be offered depending on the type of account you hold. Basically, to qualify for this bonus, you will have to meet the minimum trading volume requirement. For example, if you qualify for a 50% bonus, you will have to execute trades 20 times the total of the amount deposited and the bonus amount. From time to time, they may also offer risk free trade where traders can get anywhere between 10-50% bonus of the initial deposit amount. This type of bonus can be offered only to specific type of traders. Immediate cash bonus is another type of bonus that specific type of traders may be eligible for. However, the bonus amount can only be withdrawn after meeting the minimum trading volume required which is 30 times.
What we always advise new traders to do is carefully read the broker’s terms and conditions, before accepting any bonuses. Note that traders who are given a bonus by OptionRidge are not able to withdraw their funds from their accounts unless they trade 30 times the bonus amount. Keep in mind that important requirement, because it can cause withdrawal problems with OptionRidge.
We were able to find some complaints about OptionRidge. There are also some negative comments made about the broker. Therefore we are still continuing our investigation. Until we are certain that OptionRidge is a reliable and safe Forex trading broker, we advice you to use caution. With so many brokers out there already, it is not hard to pick one that is reliable and proven to be safe.
ConclusionAfter detailed investigation our team concluded that there are better choices than OptionRidge. 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 OptionRidge.
We recommend you to Proceed to Safety and avoid scams by choosing High-Rated and Trusted Brokers on Is-Scam.com.