Option500 is an unlicensed Forex & Crypto CFD broker, owned by Option Solution Group Ltd. Option500 is located in the Commonwealth Of Dominica at the Corner of Great Marlborough And Great George Street, C&H Tower, 3rd Floor, PO Box 2320, Roseau, 00152.
Scam Trading Software
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Option500 recently switch to the TraderSoft trading platform for Crypto, Forex and CFD’s. This trading platform offers a wide range of underlying assets in currencies, stocks, commodities and indices. They basically have high/low options, pairs, limits, builder, ladder options and speed trading with 60 second and 5 minutes options. The broker is available in English, Spanish and Arabic, and they have mobile apps for both Android and iOS.
They give new traders bonus money of 50% or risk free trades. It is important to understand the terms and conditions of receiving a bonus. You will be required to trade 30 times the bonus amount before you can withdraw your deposit. The minimum deposit for a new trading account is $500.
The Scam Broker Investigator has reviewed more than three hundred brokers to determine which ones are legitimate, and which ones are a scam. The main criteria to determine a broker legitimate is to see if they have a license from CySEC or the FCA.
Option500 is not a licensed broker.
You can see a complete list of licensed and regulated brokers here.
Warning from ASIC Australia
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence.”