Is UK Option 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:
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.
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.
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.
Click on the thumbnail below to see traders’ comments..
ConclusionAfter 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.