Is RBOptions a Scam?
We have made a research of RBOptions 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 RBOptions is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe Forex Brokers:
RBOptions is a Forex broker that was founded in 2013. It is owned by the company named Zulutoys Limited which is located in the Marshall Islands. This means that they are not regulated by a financial institution. The Is-Scam team always recommends traders to sign up with a broker that is regulated, and we have published a list of brokers which are regulated by CySEC (Cyprus Securities and Exchange Commission).
On their website RBOptions claims that they are the only broker that offers “Same day withdrawals”. This is definitely impressive, however if you read closely it says that it only applies if your Account is Verified and it can be done only if you’re using Skrill (Moneybookers). Another thing to keep in mind that this “Same day withdrawal” applies only if you have an account that is above $2,500. So if you opened an account with $250-$2500, the “Same day withdrawal” is not applicable. On their site RBOptions claims be the only broker that offers the “highest payouts in the industry- up to 88%”, however there are a few other brokers that also offer such payouts.
RBOption has customer service in English and German via live chat, email or phone. They also have an Education section with video tutorials, an e-book and many articles.
RBOptions has a several deposit and withdrawal methods. You can use Credit/Debit cards, Skrill (Moneybookers), or bank wire. You have to verify your account in order to make a withdrawal, by sending an ID document and a utility bill with your address on it. This is pretty standard with all brokers. As we mentioned above, they state that they have “Same day withdrawals”, however this only applies if you have an account above $2500.
Otherwise the RB Options needs to approve your withdrawal request within 3 business days, and then it takes up to 7 business days for you to see the funds in your card or up to 7 business days to see it in your bank account. Also, you should note that there is a 100 USD or EUR minimum withdrawal amount that you can make.
One thing that raises a red flag is that the company is registered in Marshall Islands, which means they are not regulated. There are several complaints on the internet from traders about RBOptions, and their complaints are all related to the same things: withdrawal problems, customer service not being helpful, etc. We can never be sure that these complaints are 100% legitimate, however it’s best to use caution if signing up with this broker. We recommend signing up with a safe and secure broker See Here.
Is RBOptions Legit?
As we mentioned already the broker is not regulated. Another thing that caught our attention is that on their site they have 2 Awards, “2013 Best Customer Service” and “2013 Best Forex Education Program”, however it doesn’t say anywhere who gave these awards and what was the criteria to win them.
RB Options Bonuses
Like any other broker RBOptions offers welcome bonuses to all their new clients. The broker has four Account Types, and the bonus you get depends on the account you open. Here is the breakdown:
• Silver Account – if you deposit $250-$5,000 – bonus is 25%.
• Gold Account – if you deposit $5,000-$25,000 – the bonus is 50%, plus up to $2,500 in rewards
• Broker Account – if you deposit $25,000-$250,000 – the bonus is 100%, plus up to $25,000 in rewards
• VIP Account – if you deposit $250,000+ – the bonus is up to 150%, plus up to $50,000 prizes.
Please note that like any other broker, RBOptions has special terms and conditions that apply if you accept a bonus from them. You have to trade 30 times the bonus amount plus your initial deposit, in order to withdraw your funds. You should read their terms and conditions carefully to make sure you understand what is required of you if you accept a bonus. It’s interesting to note that RBOptions organizes a lot of contests with Apple giveaways, however the terms and conditions to these contests have many restrictions which the trader has to follow, so it’s best to read them these terms carefully and see if it’s worth it.
ConclusionAfter detailed investigation our team concluded that there are better choices than RBOptions. 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 RBOptions.
We recommend you to Proceed to Safety and avoid scams by choosing High-Rated and Trusted Brokers on Is-Scam.com.