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Optionsxo Broker Review
Our Overall Rating
Sources indicate that on 12/04/2016 the company Optionsxo received a warning from CFTC RED LIST.
Sources indicate that on 19/12/2014 the company optionsxo.com received a warning from the Belgian FSMA.
OptionsXO was a binary options broker owned by Omni Capital, based in the United Kingdom and was founded in 2012.
On December 22, 2014：The French AMF has issued a warning against this Optionsxo and declared them unauthorized forex broker. They have been known for withdrawal issues and downtime of their trading platform and website. They may claim to be regulated however there is no information available at any regulatory body anywhere in the world.
Options XO has four standard types of accounts for their clients, but based on records several clients complaint of misconduct business by an account manager, most complaints are indeed solved by still a warning sign and some of them are still unsolved.
It was reported that the company had been acquired by 24Option but according to the owner of 24Option, there is no connection between Optionsxo and 24Option and refused all the allegations.
The problems that have been faced by the traders using Optionsxo broker:
- Not paid customers’ capital
- Lack of clear, fast and proper support for traders
- Broker did not pay traders’ profits and removed them
- Fake and simulated prices, targeted at customers loss
- Do not allow traders to withdraw funds
In August 2016: Their reputation started to diminish! As it seemed that people were unhappy with the procedure as they cannot withdraw their money. And in some cases, only the initial deposit was returned, with the account manager claiming that profits were made by him so he deserves to keep it and unable to return the whole deposit. The rating of optionsxo.com indicates that their site is not safe to use because the broker is not authorised and reliable.
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