Since CryptoOptions official website (https://cryptobinoption.com/) cannot be opened for now, we could only piece together the rough picture of this forex broker by gathering some relevant information from other websites.
General Information
Registered in Saint Vincent and the Grenadines, CryptoOption presents itself as a forex broker providing various trading instruments. As the official website of this broker cannot be accessed, we could not obtain more essential details about its trading instruments, leverage, spreads and commissions, trading platform, minimum deposit and more.
There is no information mentioned about who run this broker, and it has been verified that this broker is not authorized or regulated by any regulatory authority. Please be aware of the risk.
Market Instruments
So far, we assume that CryptoOption at least provides forex, cryptocurrencies. other trading instruments are not available.
Minimum Deposit
The minimum deposit to invest with CryptoOption is not disclosed. however, given the fact that this broker is an unregulated offshore broker, investors are advised to pass it and choose those legit ones.
Leverage
Trading leverage cannot be found anywhere. Since leverage can magnify gains, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.
Trading Platform
CryptoOption does not elaborate on what trading platform it provides.
Customer Support
As an unregulated offshore forex broker, CryptoOption provides the poor customer support, and they can be only reached through an email: support@cryptobinoption.com, which could be served as further evidence that this broker is an unreliable one to trade with.
Registered Company Address: 25595 BC 2019, Suite 305, Griffith Corporate Center, P.O. Box 1550, Beachmont, Kingstown St. Vincent and the Grenadines.
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
