Stern Options Review

Stern Options Logo

Stern Options is an unlicensed binary options broker that opened in July 2016. Stern Options is owned by BP1 LP,  which is located at: 5th and 6th Floors, Landmark Building, 14 Tsar Osvoboditel Blvd., Sofia, Bulgaria.

Phone number in the United Kingdom: +44 800 086 9172, and email address is compliance@sternoptions.com.

Complaints about brokers can be read here.

Scam Trading Robots

Trading Signals Scam

WARNING!

You will lose your money with a scam trading software, see why.

Stern Options Review

Stern Options just like many other binary option broker is using the SpotOption trading software. Investors can trading a variety of option types including; High Speed Trading, Pairs, One Touch, High Low and CFD’s on Forex. There are over 180 assets available, include all popular Forex pairs, commodities, metals, market indexes and stocks.

The minimum trade size ranges from $5 to $25, depending on the type of option. Minimum deposit for a new account is $250.

Stern Options Binary Options Broker
Stern Options Binary Options Broker

NO License & Regulation

When the Scam Broker Investigator reviews and compares a binary options brokers, we check for a local license to see if they are a scam or a real broker. Most licensed broker are licensed by CySEC in Europe or from ASIC in Australia.

Stern Options is not a licensed broker. We always recommend that you trade with a licensed binary options broker, and you can find a licensed broker here.

Compare Stern Options

For an updated list of the most popular brokers among traders, look here.

eToro are “Social Trading” brokers licensed by FCA. You can trade yourself, copy other traders, or invest in a CopyFund. Learn more at: eToro.com.

Best Online Brokers

Are you currently using the broker Stern Options? Please share your feedback with other traders in the comment section below.

Stern Options Review

Stern Options Logo

Stern Options is an unlicensed binary options broker that opened in July 2016. Stern Options is owned by BP1 LP,  which is located at: 5th and 6th Floors, Landmark Building, 14 Tsar Osvoboditel Blvd., Sofia, Bulgaria.

Phone number in the United Kingdom: +44 800 086 9172, and email address is compliance@sternoptions.com.

Complaints about brokers can be read here.

Scam Trading Robots

Trading Signals Scam

WARNING!

You will lose your money with a scam trading software, see why.

Stern Options Review

Stern Options just like many other binary option broker is using the SpotOption trading software. Investors can trading a variety of option types including; High Speed Trading, Pairs, One Touch, High Low and CFD’s on Forex. There are over 180 assets available, include all popular Forex pairs, commodities, metals, market indexes and stocks.

The minimum trade size ranges from $5 to $25, depending on the type of option. Minimum deposit for a new account is $250.

Stern Options Binary Options Broker
Stern Options Binary Options Broker

NO License & Regulation

When the Scam Broker Investigator reviews and compares a binary options brokers, we check for a local license to see if they are a scam or a real broker. Most licensed broker are licensed by CySEC in Europe or from ASIC in Australia.

Stern Options is not a licensed broker. We always recommend that you trade with a licensed binary options broker, and you can find a licensed broker here.

Compare Stern Options

For an updated list of the most popular brokers among traders, look here.

eToro are “Social Trading” brokers licensed by FCA. You can trade yourself, copy other traders, or invest in a CopyFund. Learn more at: eToro.com.

Best Online Brokers

Are you currently using the broker Stern Options? Please share your feedback with other traders in the comment section below.

Reviewed by Scam Broker Reviews
  • John

    I started to deposit 250$ about 2 weeks ago and started to trade, 60-40% win-loss rate, the broker always calling me asking to deposit big amount and said they are big time trading broker. i asked, you cannot help me to grow my 250$ only? until how many times calling me and i did not deposit big amount cause i still have the 250$. after that days i am trading i always loss like .005-.010 lose deference. can you investigate this binary please.

  • Wendy

    I lost five k with this company, they made little effort and it was obvious to me half way through that they didn’t know what they were doing. I asked for my money back and was bullied. They said they could get what they lost back and then blamed me because it was lost. This company is a scam company and unless you have money to waste I don’t recommend them .

    • SAM

      I opened a £250 account with them and I was told that next day the financial advisor will call and guide me on how to trade with the software. Next day a broker called and he insisted that I deposit £ 5000 so he can trade without the software as he does not like the software. In the meantime, the software started automatically trading and I generated some profit by afternoon while he was on phone. I declined to pay such amount just trusting this guy on the phone who actually is not even from Stern but apparently from its parent company. Once I declined, the auto trading started without my approval while I was logged out and he called and said I have lost all money including the deposit. This made me feel so cheated!! this is a scam to steal money from your pocket, with a promise of binary trading. No one till date called me and instructed me on how to use the software. none of the advisors who call cares to teach you. They just want to get money from you. If you want to trade on assets, you should trade through your bank, not through some people with foreign accents and insist you to deposit more money.

  • Mariette

    Wow, after reading the comments below i’m so glad that i’ve withdrawn my money. Feel really sorry for people that lost their money. This company kept calling me to deposit more money, they’ve been calling me for about 5 days like 5 times a day. After that i blocked all the phone numbers.

    Please people be careful with this company, better invest your money somewhere else!

    • SimonB

      Wish I’d had the benefit of this chatline back in October! Unfortunately I could not find any comments or reviews of this Rip-off set-up, other than they were new on the block, and presumably looking to build a good reputation instead of a bad one. From a fellow victim, this is a WARNING TO ANYONE ELSE : Go with this company and lose your money if you want to, the two are inseparable. Binary Options is a crapshoot anyway, marketted under more respectable descriptions such as “investments” and “opportunities”. It’s not. As I’ve now discovered, it’s just plain gambling, and if you don’t know that gamblers always lose their money in the long run (and sometimes a lot more than money), you do now. I’ll be kicking myself over this experience for a lot of years. It’s only because I funded it from an unexpectedly successful PPI reclaim that I’m not facing financial disaster! I blame the useless politicians for making useless laws that don’t stop these rip-off artists from operating.

    • garry

      hi mariette how did you withdraw your money please

    • Trudy

      Hi Mariette I applied to trade today and paid 250$ and they are now asking for my personal details for example my Passport details and utility bills, and a copy of my credit card I used. I have not signed or sent them anything as I am not not happy with that arrangement. Please let me know how do I withdraw my deposit please help.

  • kary

    I loss almost all my money, around 9k USD, It just happen the same, they started to ask you for 500USD, then a financial advisor call and will tell you to put more money in the account. At first time, they just top up my account to 5,000, but he did not follow through the trade process, so I started to trade and lost all my money.

    Hours later, they call me to updated my account, I updated again, however, I end up losing, because the financial advisor never gave me updates. So at the end I request to withdraw my 500USD left, but they never answer me again.

  • Thøms

    Well they take your money and want you to spend even more. Gets so rude in the phone when you tell them that you just wanted to do some trading yourself. Lost 250$ never seeing them again. Keep away from them for your own best

  • David M

    do not trade with them. we have been promised that if we invest in a sum of money they are 100% back money guaranteed, and with bonus credited to the account. the agent confirmed that the profit is withdrawal after 35days.
    So after 35days, we called up but unable to find the agent. After waiting 1 week for their call back, another agent took over telling us that the T&C is that we have make a profit of 70 times before we can withdraw. So we tell them that we just want to close the account to get our capital back. they promised will arrange for someone to handle our closure, nobody called back. called the call centre they keep making empty promises that they will arrange for call back. So i am expecting to kiss my US$3.5K goodbye.

    • Share this with your friends…. http://scambroker.com/binary-options-trading-scam/

      Call your bank about doing a chargeback.

      • David M

        it is more than 35days, i think the case of winning is less because i have to call within 30 days for the charge back. I just want to share with those that yet to invest in stern to consider before they put in their money. the agent from Stern option is very proactive when they encourage you to open up the account with them. When it comes to withdrawal enquiries, they took up to 3weeks to return a call that ask you to reconsider to continue the investment. In short, we have no control over our monies.

  • ET

    I had similar experience I was assigned an “account manager” who talked so fast with an accent and a noisy background that I couldn’t follow what he was saying.He said US$250 is peanuts if I deposit $1000 more my money will double he sounded believable we both traded on line and I can see my investment doubled then he asked me to deposit US$5000 “alarm bells” sounded I told him thats a lot of money I refused he became aggressive bragged that he made others millionaires then he hang up I submitted a withdrawal same day compliance said it will take 7 days to process since that day I’ve been getting 4-5 phone calls from stern and other traders around Europe every afternoon I blocked all incoming calls. Im still waiting for my refund after 30 days.I wish I,ve read these reviews sooner.

  • AK

    Damn. I just opened an account with them yesterday. What should i do in order to get my money back?

    • Call your credit card company.

      • AK

        I just called my banks. The amount is still floating. They advised me to email to the merchant for the refund and await for their reply. If they do not reply, the bank will raise a dispute

  • Anonymous

    BIG FRAUD NEVER GO WITH THEM … they will ask you to deposit thousands and after when you want to withdraw they tell you they found the best trade ever and they will lose all your money … they dont do withdraws and everything they say is a scam … they lie and they are not regulated how they say … they lie with absolutely everything … trying to make you deposit more and after lose your money … they say they will call me 5 days ago … i still did not get a call and when i call them no answer … believe me or not is your money … but you were warned !

  • Clive B Philpott

    scam company. full of thieves. will break off contact after taking you for every penny. dangerous people.

  • Geo

    To late to know this, I just deposited $250. Is anyone know how to withdraw my money from my account in Sternoptions? I tried to withdraw $50, but there is no way to know where it will go

    • Rald

      Same here.. just deposited $250 from my credit card, im just a small earner employee and work hard for a living. I use my credit card for the payment, now I need to work double or triple to pay my credit card bills. Hoping that someone will appear and help us recover our investments.

  • Didi 369

    Do not trust this broker, they force you to deposite at least 5000 Euro and even if you win they do not pay back.
    This is what happened to me i have still 5000 in my account and can not withdrawl. Adam Louise stern the account manager is asking for more funds to invest and he denies to return my Money.

    • John B.

      Hello Didi, my name is John Brown and I am with the customer relations department at Stern options. Please provide me with your email address that you used to register with Stern options so that I can assist you better.

      You can also email me directly at john.b@sternoptions.com

      Thank you.

      John B.

      • LC Pek

        John, please help me! I need the money urgently. My best friend is diagnosed with third stage colon cancer. He had spent all his money on chemo. He seek my help desperately for an operation. As his best friend, i feel so helpless! I lost my 10K with your company and i myself is still paying my debt to the credit card company.One of your account managers called me that day, tell me Niko had left your company. And she insisted that i lost less than 10K. Obviously she does not know the truth behind. 7K of my money is not complianced by your company. Niko cheated me, ask me to sign after he had made me lost all the money. He said in order for the company to return me my money, I have to sign the documents. And after i sign the documents, everybody in your company ignored me. Please help me!!

      • Anthony

        If you have been keeping up with the Stern Scam. This is the third guy who is offering help. These so called help calls are to fool people into depositing money making them think they are legitimate. I lost a lot of money and was scammed into accepting a bonus. I mailed compliance 6 times to try and get my money back. REPLY YOU SIGNED OUR TERMS AND CONDITIONS. They are quick to apply their terms and conditions to the customers. They do not abide by the term and conditins

  • Richard Hornshaw

    Have been working with a very persuasive broker from Stern Options called Clive Burton. I foolishly let him persuade me to hand over my pension lump sum of over £42,000. He managed to lose nearly the whole lot. Promised me the earth. Said we would make £100k this month. While he was away for a short period I traded with £6000 that was still in my account. I didn’t do well but had a hit rate of 53%. His and their hit rate was 8.3% on their new platform. Basically the last 12 trades he got one right. The last trade he got wrong which lost the last penny from £11,500. He then tried to persuade me to take out a £20k loan which would be favourable through someone he knows to try and make the money back. Not much I can do apart from spread the message as far as possible and as loud as possible. Please copy and paste and post this to avoid other people losing their lives. I will start the post on FB, Twitter, Instagram and LinkedIN plus a bit on Google etc. Please do the same for me. I want everyone to know to avoid them and brokers like him.

    • Clive B Philpott

      Hi Richard. I have just shared it on facebook. Sorry to hear about your loss. I am a victim as well plus many many more people all over the world.

  • Tom Durrant

    Hi,

    I am also a victim of a Binary Trading scam, I have been taken for all of my savings by a very convincing account manager by the name of Chase at Trader VC, the reason this thread came up is that his manager is a Mr Stern and they run out of the same office so I will guess that they are affiliated. I am now going to report them to actionfraud and try to recoup my money legally – there are no win no fee companies out there who will take these cases on.

    Avoid Binary Trading! if you must at least find someone Accredited, if you have started don’t carry on – avoid bonus’ as they carry ties. It is possible to reclaim smaller amounts of money on your own using Chargeback.

    Sorry to hear so many get caught up in this.

  • K Li

    Wow I just read all this, and I am really feeling I have been used for 2,5 months. I did the deposit more then 5000 euro. In the beginning we did quiet well…most of the trades we win, and loss some of them. But when I asked to send back some money he always promised me he will send after the trades. BUT till now I haven’t get any money, also don’t know if I even get the money back and he kept trading with the money I have untill now I almost loss everything what I had on my account. And he kept promised me to transfer the money back. He was also pushing me to make more deposit. But I am glad I don’t have more money to make deposit anymore. I feel like he is trying to loose all the money I have in my account. I don’t know anymore what to do. Like as everyone said here… DO NOT TRUST THIS PEOPLE!!! They are really not real. I feel cheated and also angry at myself that I did not see this coming. I am still waiting for the money…which I don’t know if I gonna get them back or not.

  • Rees Terpstra

    they have closed my account!!!! my email is not known anymore

    • K Li

      Probaly they will do it the same to me soon….Sorry to hear that Rees 🙁

  • Stern Options is really a scam company. They dont send yiour money back and let you make a trade while you not want.