Option2Trade Forex Broker

Note:Option2Trade's official website:https://option2trade.com/ is currently inaccessible normally.AspectInformationCompany NameOption2TradeRegistered Country/AreaChinaFounded Year2019RegulationUnregulatedOption2Trade Information Established in 2019 and with headquarters in China, Option 2 Trade functions as an unregistered trading venue. For dealers weighing its offerings, this lack of control could provide hazards.Is Option2Trade Legit or a Scam？ Option 2 Trade conducts business is free from government control,so the financial regulation is not applicable. For traders who are thinking about using the platform, its unlimited character can cause issues about security and compliance.Downsides of Option2Trade Operating without government control, Option 2 Trade exposes traders to more risk because of lower responsibility and less openness. Also,Option2Trade has a dubious commercial scope.It implies possible dishonest behavior or ineffective operations. Option 2 Trade lacks significant technical indicators including MACD and Bollinger Bands and provides few ways to change charts. This makes customers less able to trade successfully and evaluate information.Negative Option2Trade Reviews on WikiFX On WikiFX, “exposure” is explained as user-generated word-of-mouth. Before trading on uncontrolled platforms, traders should check material and evaluate dangers. About related details, kindly review our platform. There were 2 exposures of Option2Trade on wikifx. I will introduce them all. Exposure.1 Account frozenClassificationAccount frozenDateApril 18th,2024Post CountrySouth Korea The client claimed that despite confirmed facts, Option 2 Trade froze their account, therefore stopping profit withdrawal.Visit: https://www.wikifx.com/en/comments/detail/Co202404188641152682.html Exposure.2 Lacks indicatorsClassificationLacks indicatorsDateApril 18th,2024Post CountryAustralia The consumer mentioned Option 2 Trade provides little chart customizing and missing basic technical indicators like MACD and Bollinger Bands.One can visit: https://www.wikifx.com/en/comments/detail/Co202404189671402942.htmlConclusion Trading is dangerous on Option 2 Trade since it is an uncontrolled platform with dubious business methods and technological restrictions. For a safer trading experience, use controlled and open brokers.