72Option was an unlicensed binary options broker that is owned and operated by Epic Ventures LTD. They are located at: Ivan Dimov Nenov 7, Sofia, Bulgaria 1360. Their contact phone number in South Africa is: +27 10 594 3775. Email address is; [email protected].
See typical complaints about Forex brokers, read this.
72Option Review
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.
Do Not Use an auto trading robot until you have read about the scam.
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.
You can see the reviews of all licensed binary option brokers here, or check out the best brokers listed here.
British Columbia Securities Commission Warning
“We urge BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.”
You can find a legitimate regulated binary options broker on the best brokers page.
If you are already trading with this broker, please share your experience with new investors in the comments section below.