If you are looking for a way to trade online, you may have come across AtlanticFx Option, a platform that claims to offer binary options, forex, and cryptocurrency trading. But is AtlanticFx Option a scam or a legit broker? In this review, we will examine the features, pros, and cons of AtlanticFx Option and help you decide if it is worth your time and money.
What is AtlanticFx Option?
AtlanticFx Option is an online trading platform that was launched in 2018. According to its website, it is based in the UK and regulated by the Financial Conduct Authority (FCA). It offers various types of trading instruments, such as binary options, forex, CFDs, and cryptocurrencies. It also claims to have a high payout rate of up to 95% and a low minimum deposit of $10.
How does AtlanticFx Option work?
To start trading with AtlanticFx Option, you need to create an account on its website and verify your identity. You can then choose from a variety of payment methods to fund your account, such as credit cards, e-wallets, or cryptocurrencies. You can also opt for a demo account to practice trading with virtual money.
Once you have funded your account, you can access the trading platform, which is web-based and compatible with any device. You can choose from different types of trading modes, such as classic, turbo, or touch/no touch. You can also select from various assets, such as currency pairs, stocks, indices, commodities, or cryptocurrencies. You can then set the amount you want to invest, the expiry time, and the direction of the price movement. If your prediction is correct, you will receive a fixed payout. If not, you will lose your investment.
What are the pros and cons of AtlanticFx Option?
Some of the pros of AtlanticFx Option are:
- It offers a variety of trading instruments and assets
- It has a user-friendly and intuitive trading platform
- It has a low minimum deposit and a high payout rate
- It supports multiple payment methods and currencies
- It provides customer support via phone, email, or live chat
Some of the cons of AtlanticFx Option are:
- It is not licensed or regulated by any reputable authority
- It has received numerous complaints and negative reviews from users
- It has been accused of manipulating prices and withholding withdrawals
- It has been blacklisted by several regulators and watchdogs
- It does not offer any educational resources or tools for traders
Is AtlanticFx Option a scam or legit?
Based on our research and analysis, we conclude that AtlanticFx Option is a scam and not a legit broker. There are several red flags that indicate that AtlanticFx Option is not trustworthy or reliable. For instance:
- It claims to be regulated by the FCA, but there is no evidence or record of its registration or license number on the FCA website or database.
- It has been warned and blacklisted by several regulators and watchdogs around the world, such as the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Board (FSB) of South Africa, and the Financial Markets Authority (FMA) of New Zealand.
- It has received numerous complaints and negative reviews from users who have reported being scammed by AtlanticFx Option. Some of the common issues include price manipulation, account closure, withdrawal denial, bonus terms violation, identity theft, and harassment by sales agents.
- It does not offer any educational resources or tools for traders to improve their skills or knowledge. Instead, it encourages users to deposit more money and take higher risks without providing any guidance or support.
Therefore, we advise you to avoid AtlanticFx Option at all costs and look for a more reputable and regulated broker instead. There are many other platforms that offer legitimate and safe online trading services that you can trust.
What to Do If You’ve Lost Money with AtlanticFx Option?
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