OPTION888 Company

　　

Option888 Company: A Comprehensive Overview

　　

1. Company Overview

　　

Founding Date and Background

　　Option888 was established in 2014, marking its entry into the binary options trading industry. The company was founded with the aim of providing a user-friendly trading platform that caters primarily to the European market, particularly targeting Scandinavian countries.

　　

Parent Company/Ownership Structure

　　Option888 operates under the ownership of Altair Entertainment N.V., a company involved in the online gaming and trading sectors. The platform is also associated with Capital Force Ltd., which manages the operational aspects of the brokerage.

　　

Headquarters Location

　　The headquarters of Option888 is located in Malta, a jurisdiction known for its regulatory framework in the online trading industry. Additionally, the company claims to have offices in several countries, including the United Kingdom, Germany, Sweden, and France.

　　

Global Business Scope

　　Option888 primarily focuses on the European market, offering services tailored to traders in various countries. However, it does not accept clients from the United States and Canada, limiting its market reach in North America.

　　

Main Regulatory Bodies

　　Currently, Option888 is regulated by the Malta Gaming Authority and holds a license from Curacao eGaming. However, the company has faced scrutiny regarding its regulatory status, as there are allegations of operating without proper licensing in certain regions.

　　

2. Company History and Development

　　

Key Milestones

• 2014: Option888 was launched, aiming to fill a gap in the binary options market for European traders.
• Regulatory Licensing: The company secured a license from the Malta Gaming Authority and Curacao eGaming, providing a degree of legitimacy to its operations.
• Platform Development: Over the years, Option888 has invested in developing its trading platform, enhancing user experience and adding functionalities.

　　

Business Expansion Journey

　　Initially focused on the Scandinavian market, Option888 has expanded its services to cater to a broader European audience. This expansion has been facilitated by the multilingual support offered on its platform, allowing traders from various countries to engage seamlessly.

　　

Customer Base Growth

　　While specific user statistics are not publicly available, Option888 has reportedly seen a steady increase in its customer base due to its targeted marketing efforts and the appeal of its trading platform.

　　

Platform Development History

　　Option888 utilizes the Tradologic trading platform, known for its modern interface and user-friendly design. The platform has undergone several updates since its inception, introducing features such as customizable asset lists, advanced charting tools, and mobile trading applications.

　　

Important Awards or Recognitions Received

　　To date, there are no widely recognized awards or accolades attributed to Option888, which may reflect its relatively recent entry into the competitive trading landscape.

　　

3. Trading Services Offered

　　

Forex Trading Options

　　Option888 provides access to a diverse range of currency pairs, including major, minor, and exotic pairs. Traders can engage in forex trading with over 20 currency pairs available, catering to various trading strategies.

　　

Stock Trading Options

　　The platform offers binary options on a wide selection of stocks, including well-known companies such as Apple, Boeing, and Coca-Cola. This extensive range allows traders to diversify their portfolios and capitalize on stock market movements.

　　

CFD Trading Products

　　Currently, Option888 does not offer traditional CFD trading products. Instead, the focus remains on binary options trading, which allows traders to speculate on the price movements of various assets without owning the underlying instruments.

　　

Other Financial Instruments

　　In addition to forex and stocks, Option888 provides trading options for commodities, including crude oil and agricultural products. Notably, the platform also includes cryptocurrency options, allowing traders to engage with assets like Bitcoin and Litecoin.

　　

Special Services or Unique Advantages

　　Option888 differentiates itself through features such as early trade closure, trade extension options, and a customizable payout structure that allows traders to manage risk effectively. The platform also provides educational resources to help traders enhance their skills.

　　

4. Regulatory and Legal Background

　　

Detailed Regulatory Information

　　Option888 is regulated by:

• Malta Gaming Authority
• Curacao eGaming

　　However, there are concerns regarding the adequacy of these regulatory frameworks, especially given the lack of stringent oversight compared to other jurisdictions.

　　

Legal Entity Structure by Region

　　Option888 operates under different legal entities based on its market presence. The parent company, Altair Entertainment N.V., is registered in Curacao, while the operational aspects are managed by Capital Force Ltd. in Malta.

　　

Client Fund Protection Measures

　　While Option888 claims to implement measures for client fund protection, the specifics regarding fund segregation and insurance are not transparently detailed, raising concerns among potential investors.

　　

Countries/Regions Served

　　The primary focus of Option888 is on European countries. However, it does not accept clients from the United States, Canada, and several other jurisdictions due to regulatory restrictions.

　　

Compliance History

　　Option888 has faced scrutiny for its regulatory compliance, with some reports indicating that it has operated without a proper license in certain regions. This has led to warnings from financial authorities in some countries.

　　

5. Competitive Landscape

　　

Main Competitors

• IQ Option: Known for its user-friendly platform and extensive educational resources.
• Binary.com: Offers a wide range of trading options and a strong regulatory framework.
• BDSwiss: Provides a comprehensive trading platform with a focus on forex and binary options.
• Olymp Trade: A popular choice for beginners due to its educational resources and demo accounts.

　　

Positioning in the Industry

　　Option888 positions itself as a broker focused on the European market, emphasizing its multilingual support and localized services. However, its lack of robust regulatory backing may hinder its competitiveness against more established brokers.

　　

Market Differentiation Factors

　　Key differentiation factors for Option888 include its unique payout structure, customizable trading options, and a strong focus on customer service. However, the absence of a demo account and regulatory concerns may deter potential clients.

　　In conclusion, while Option888 offers a range of trading services and features, its regulatory status and compliance history raise significant concerns for potential investors. Traders should exercise caution and conduct thorough research before engaging with the platform.

　　Learn More about trading options and choosing the right broker for your needs.