The United Kingdom’s Financial Conduct Authority has issued a warning against FX Options INT in October 2023
If you are looking for a reliable and trustworthy broker to trade forex and binary options, you may have come across FX Options INT. This broker claims to offer a wide range of assets, competitive payouts, fast withdrawals, and excellent customer support. But is FX Options INT a scam or a legit broker? In this review, we will examine the features, pros and cons, and reputation of FX Options INT to help you make an informed decision.
What is FX Options INT?
FX Options INT is an online trading platform that specializes in forex and binary options trading. The broker was founded in 2018 and is based in St. Vincent and the Grenadines. FX Options INT is not regulated by any financial authority, which means that it operates without any oversight or supervision from any government agency. This also means that the broker does not have to comply with any rules or standards regarding the security, fairness, and transparency of its services.
What does FX Options INT offer?
FX Options INT offers over 100 assets to trade, including currency pairs, commodities, indices, stocks, and cryptocurrencies. The broker claims to provide high payouts of up to 95% for binary options and up to 500% for forex options. The minimum deposit required to open an account is $250, and the minimum trade size is $25. The broker also offers a variety of payment methods, such as credit cards, wire transfer, Skrill, Neteller, and Bitcoin.
FX Options INT also provides a web-based trading platform that is accessible from any device and browser. The platform has a simple and user-friendly interface that allows traders to execute trades with ease. The platform also features various tools and indicators to help traders analyze the market and make informed decisions. Additionally, FX Options INT offers a mobile app for Android and iOS devices that enables traders to trade on the go.
FX Options INT also claims to offer educational resources, such as ebooks, videos, webinars, and articles, to help traders learn more about trading strategies and techniques. The broker also provides customer support via phone, email, live chat, and social media. The support team is available 24/7 and can assist traders in multiple languages.
What are the pros and cons of FX Options INT?
- A wide range of assets to trade
- High payouts for forex and binary options
- A web-based trading platform that is easy to use
- A mobile app for Android and iOS devices
- Various payment methods accepted
- Educational resources available
- Customer support available 24/7
- Not regulated by any financial authority
- No demo account or free trial available
- High minimum deposit and trade size
- No information about the company’s owners or background
- Numerous complaints and negative reviews from former clients
Is FX Options INT a scam or a legit broker?
Based on our research and analysis, we conclude that FX Options INT is not a legit broker but a scam. There are several red flags that indicate that this broker is not trustworthy or reliable. First of all, the broker is not regulated by any financial authority, which means that it operates without any accountability or transparency. This also means that the broker does not have to follow any rules or standards regarding the protection of client funds, data, or interests.
Secondly, the broker does not provide any information about its owners or background, which raises doubts about its legitimacy and credibility. The broker’s website is also poorly designed and contains many grammatical errors and inconsistencies. Moreover, the broker does not offer a demo account or a free trial that would allow potential clients to test its services before investing their money.
Thirdly, the broker has received numerous complaints and negative reviews from former clients who claim that they have been scammed by FX Options INT. Some of the common issues reported by these clients include:
- Difficulty in withdrawing their funds or receiving their profits
- Manipulation of prices and outcomes of trades
- Pressure to deposit more money or upgrade their accounts
- Harassment and threats from the broker’s agents
- Closure of accounts without notice or explanation
These complaints suggest that FX Options INT is not a genuine broker but a fraudulent scheme that aims to lure unsuspecting traders into depositing their money and then stealing it from them.
Therefore, we advise you to avoid FX Options INT at all costs and look for a reputable and regulated broker instead. There are many legitimate brokers out there that offer fair and transparent trading services and have a proven track record of customer satisfaction. You can check out our list of recommended brokers here.
What to Do If You’ve Lost Money with FX Options INT?
If you have been scammed by FX Options INT or any other broker, you’ll want to seek assistance from cryptocointrace.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Cryptocointrace.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.