SpotOption Project Characteristics: Real Broker or Scam?

The SpotOption brokerage firm has existed for only a few months, but during this time, a huge number of complaints have appeared online. People publish negative reviews, telling about the sad experience of cooperation with the project. The scam cheated traders out of money, taking away their starting capital under various pretexts. It will be useful for a beginner to familiarize himself with the activities of the office. As a rule, scammers act according to a standard scheme and have certain differences.

Key facts about SpotOption

The brokerage firm guarantees its clients comfortable conditions for earning on international markets. It offers a wide range of services for traders of different professional levels. SpotOption promises instant execution of orders, it allegedly operates in accordance with international legislation.
Analyzing the pseudo-broker’s web portal, several significant nuances can be noted. First of all, the site does not present the history of the project. The scammers did not indicate the date of foundation, because the firm operated on the market for several months. This is a “one-day” that collected money from gullible investors and ceased to exist.
To communicate with technical support, it is suggested to use e-mail, phone or online chat. A market player can contact a consultant at any convenient time, ask important questions or ask for help. The company calls itself a member of the financial commission and publishes a corresponding certificate. The check showed that the paper is counterfeit, SpotOption is not registered with international regulators. The firm has offshore origins, it conducts criminal activities and has repeatedly been caught in fraud.

What does the brokerage company offer?

On the project website, you can activate a real or virtual tariff. The client receives a demo account, which is very convenient for training professional skills. Among the commercial offers, SpotOption also names:

• Account replenishment starts from 10 dollars. A market player can start with a small amount and gradually increase the starting capital. Various accounts are available to him, with an increase in the entry threshold, trading conditions improve.
• No additional fees. The company does not charge commissions, and therefore the client can record large earnings. Account replenishment and withdrawal of funds are completely free.
• Support works 24/7.
• Transactions from 1 dollar. The trader has the opportunity to diversify risks and manage their capital wisely.
• Trading operations are carried out without requotes and slippage. The investor can enjoy the best prices in the industry.
• The brokerage project offers an advanced affiliate program to ensure additional income.

On its web portal, the company described reliability, integrity and honesty. Like most SCAM projects, SpotOption does not provide real evidence, but scams people for large sums. The project does not talk about the functionality of its platforms, but promises earnings of up to 95%. Its official website publishes loud statements that have nothing to do with reality.

What do people say about SpotOption?

Fraudsters convince the client that the problem is in his device or professional abilities. They allegedly make a withdrawal, and then accuse the bank of slowing down the procedure. Traders believe the stories about big earnings until the very end, but then they understand the fraudulent scheme and leave the project.

The SpotOption company knows how to give false hope. It convinces the client that it is worth depositing a large sum in anticipation of quick earnings. At the same time, the company offers to carry out transactions with binary options. As is known, this is a popular fraudulent instrument that does not allow you to get rich on global markets. The binary options sector is practically unregulated, and therefore there are a lot of scammers in this area.

Prospects for cooperation with the company

In today’s article, we looked at another pseudo-broker. The SpotOption brokerage company creates an extremely bad impression. Previously, it had the most banal web portal, but at the moment the site is subject to blocking. The project’s reputation also leaves much to be desired. Traders describe fraudulent schemes that involved taking away all savings. Regardless of their professional experience, a market player will lose their starting deposit in any case. Investing with SpotOption is extremely dangerous, because the company is not a real broker and does not bring transactions to global markets.