Company profile
General Information GTOptions is a binary options broker, founded in 2011 by Eufal Ltd., a company based in Nicosia, Cyprus. It should be noted that the company went out of business back in 2017. This review is presented only for archiving purposes. Regulatory Risk We found that several financial regulators have issued warnings about GTOptions, including CySEC, Canada's BCSC and the MSC. This means that GTOptions is extremely risky! Market Instruments GTOptions offers several different types of binary options to trade and more than 70 assets, including commodities, stocks, indices, and currencies. Accounts GTOptions offers five types of trading accounts: l Mini – $250-499 with 50% bonus l Standard – $500-999 with 50% bonus l Executive – $1000-4999 with 100% bonus l Gold – $5000-9999 with 100% bonus l Platinum – $10,000+ with 100% bonus Deposit & Withdrawal Depositing and making withdrawals at GTOptions are quite simple. All major credit cards are accepted, including Visa, Mastercard, Amex (American Express), and Diners. Ewallets include Moneybookers (Skrill), Cashu, and Nordia, which is used by Swedish and Finnish traders. Risk Warning GTOptions closed back in 2017, plus there were multiple previous regulatory warnings. Investors are advised to be wary of traders who are trading under the name GTOptions!
Is GTOptions safe or scam
FX3517856271
Philippines
Upon dipping my toe into Binary Options under the recommendation of a seemingly honest Charlie Forestr (who is also a scammer I later found out) I signed up with GTOptions. They gave me a £100 bonus on 15,000php, which I didn't ask for. I traded successfully for a few days gaining £68 profit and a handful of trades. Not impressed with the entire Binary Options industry and doing further research I decided to stick with traditional forex with IG Index as my broker. So I requested a withdrawal. Wow is all I can say to the slimeball that called me. A real piece of work. Rude, arrogant, insulting, trying to make me part with more money, refusing to release my funds, giving me all sorts of sales tactics, then abuse, before hanging up on me. God only knows if I'll get my 15,000PHP back, I doubt it somehow. Lucky it was just a punt, and they do say don't invest what you're not prepared to lose.
Exposure
2021-09-16