72Option is an unlicensed binary options broker that is owned and operated by Epic Ventures LTD. They are located at: Landmark Building, 14 Tsar Osvoboditel Blvd., 5th Floor, 1000 Sofia Bulgaria. Their contact phone number in South Africa is: +27 105 940 099.
Scam Trading Robots
Do Not Use an auto trading robot until you have read about the scam.
The only automated trading software today that uses licensed broker is Option Robot Pro.
72Option is giving their clients the popular SpotOption trading platform for binary options, and it also has CFD & Forex trading available. Types of binary options available for trading are High/Low, Pairs, Long Term, 60 Second, 5 Minutes Options ,One Touch, Ladder and Limits.
The smallest trade size for a 60 second option is $5, but for a long term option the minimum is $25. A new account will require a minimum deposit of $250. Many traders get excited about their a 100% bonus, but you should read their terms and conditions page first before accepting a bonus that comes with a 25 times trading requirement. Many people end up having problems withdrawing their money once a bonus is awarded to their account, read more.
72Option License & Regulation
When the Scam Broker Investigator reviews a binary options broker to determine if they are a legitimate broker or a scam broker, we check to see if the broker has a license. The license should come from your local regulators like the FCA in United Kingdom or the FSB in South Africa.
72Option is not a licensed broker.
Compare 72 Option Brokers
Looking for a good broker to use with a popular Binary Option Robots, see here.
If you are already trading with this broker, please share your experience with new investors in the comments section below.