Broker Review MicroTrade Option

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    Top Binary Options Broker 2020!
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  • Binomo
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Broker Review: MicroTrade Option

MicroTrade Option is known as a financial broker who offers their own binary options trading platform to their clients. According to their statements, they offer the most generous payouts in the industry which is as high as 81% on binary options contract. This is a promise made by just about every single binary options brokerage in the marketplace, so don’t take it to heart.

They also offer free and unlimited demo accounts, learning materials, and trading indicators so that their clients can come up with an effective trading strategy in a much easier and quicker way. This is a strong feature, and one that I wouldn’t mind testing further on a practice account, to see how I do.

The only way to get in touch with them is their e-mail address: [email protected] , as there is no physical address or phone number to get in touch with. We’ve sent several messages through their live chat option but there was no reply from them, which is a red flag.

MicroTrade Option Review

MicroTradeOption claims to have gained enormous popularity over the past decade in the binary options industry because of their focus on serving better safety, security, and the most advanced trading platform in order to be the most reliable broker in the market. Yet, while reviewing their features, we’ve also got some questions on specific areas of their services and backgrounds. Let’s take a closer look:

License Issue

The broker claims to be monitored under CySEC to ensure their compliance with the laws and regulations of the Republic of Cyprus and the European Union and they are registered under license no. 243/15, issued by the Cyprus Security Commission , an independent public oversight agency who are responsible for regulating the investment services market in Cyprus. But in another section, they claim their CySEC license no. as 247/14 — two different license numbers under the same organization doesn’t make any sense and sounds quite suspicious.

If you search the CySEC license database, you will also find that the licenses don’t exist.

Trading Accounts

They offer three types of payout system:

  1. Deposit range:$100 to $700. Offer: 110% return in 7 days
  2. Deposit range:$500 to $10,000. Offer: 137% return in 7 days
  3. Deposit range:$1000 to $50,000. Offer: 278% return in 7 days

They are a broker with their own trading platform but they’ve never mentioned themselves as a managed account service provider. Therefore, it’s the clients who will trade there and be responsible for their own decision. So, our question is, how they guarantee such a huge percentage of returns in just 7 days?

No Trading Experience Required

MicroTrade Option claims that traders don’t require any previous trading experience in order to trade in their web-based trading platform. Because of their friendly interface, even a newbie trader can make the profits as easy as 1-2-3 with fixed risk to reward system to close the entries in an automatic basis. Regardless, I would make sure that you are using some sort of binary options trading software or signal service , if you are a no-experience trader.

Trading in the real & dynamic financial market without having any previous trading experience, skills, and strategy doesn’t sound very ideal. Moreover, such an attempt doesn’t guarantee to make profits from the market in any way.

Limited or No Explanations

  • Asset list – They haven’t mentioned any specific asset list which includes Forex, CFD, and Cryptocurrency instruments
  • Unfamiliar trading methods – MicroTrade Option allows traders to sell their options before they expire. We’re not sure if a regulated broker can allow this. Besides, they also haven’t explained how such early closed trades are adjusted.
  • Certificates & memberships – They claim to be registered under FCA and EEA with only a reference no. 610182. But they haven’t disclosed any awarded certificate of membership from any governing regulatory body at anywhere in their profile.
  • Who is the risk taker – “Trade binary options with 200% payout” — that is what they are offering through their advertisements. That is undoubtedly a very attractive offer but such high-gain trading approach also includes the possibility of losing a large amount of money. And they claim not be responsible for any loss made by the traders. So, who is the ultimate risk taker at the end?

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Conclusion

So far, we haven’t noticed any positive review about MicroTrade Option from any source around the web. Besides, telling people only about making profits, 24/7 customer support, flexible withdrawals options with lucrative offers are not enough to rely on a broker as a trusted partner. We believe in what you show not what you say. Furthermore, their claim as an exceptionally successful broker from other competitors for past decades doesn’t match with the premature presentation of their business profile.

Broker Review: RocketOption

RocketOption started their service as a binary options broker in 2020. They claim to serve their clients in an easy and intuitive way to trade all sorts of major financial markets including Forex, Commodities, Indices, and stocks.

This broker is owned by RocketOption Ltd. and their site rocketoption.com is managed by the SDT Brokerage Corp., located at Law Partners House, Lini Highway, Port Vila, Vanuatu. They claim their headquarter are situated in Singapore with virtual offices spread across the world. Though, they haven’t disclosed any specific physical address for these offices, neither any phone number, to contact them. The only option offered to get in touch is via their email: [email protected] .

RocketOption Review

RocketOption frequently mentions that they’ve created the most user-friendly trading experience for their clients to win trades with maximum profitability. In adding to this, they believe that by using the most advanced technology in the market and developing new tools, that they allow traders to trade with confidence and success.

This broker claims themselves as a legitimate broker who offers advanced trading platform software; trading, education, and dedicated customer support to their clients. They don’t manage traders account but still assures their clients nave heavy success rate with claims of “85% profit just in 30 sec” which sounds quite tempting but none of these returns are guaranteed.

It’s worth noting that returns are never guaranteed by any brokerage, because they don’t do the trading on your behalf. This is the same fact with other brokers I’ve reviewed recently like MicroTrade Option , Crypto Dukes , and Spectre.ai .

Let’s have a quick look at their features and the missing points:

Trading Account Types & features:

Beginners:

  • Initial deposit: $200
  • Minimum trade amount: $10
  • A personal training session
  • Market alert through email
  • Return on investment: 83%

Experts:

  • Initial deposit: $20,000
  • Minimum trade amount: $20
  • Live trading with expert
  • Financial expert session
  • Return on investment: 85%

Diamond

  • Initial deposit: Not disclosed
  • Minimum trade amount: $100
  • Customized platform
  • Higher trading limits and exposure
  • Return on investment: 89%

These features look great except the “return on investment” part. There is no point to guarantee such lucrative percentage of income because it is clearly stated in their terms & conditions that traders are fully responsible for their own trading decisions in terms of making profit/loss from each contract. I’m unsure as to why they guarantee an ROI when they aren’t a managed account service .

Trading Assets

  • Currency pairs
  • Commodities
  • Stocks
  • Indices

Deposits & Withdrawals

RocketOption accepts the following methods of transactions for both deposit and withdrawal purposes:

Credit card: Visa, MasterCard, Maestro International, Carte Bleue, Dankort, CartaSi, Laser and Discover)

Electronic Payment: Skrill (MoneyBookers), PayPal, and Neteller

Wire Transfer: Through local bank

They withdrawal fees as follows:

Skrill (Moneybookers): 2%

PayPal & Neteller: 3.5%

Wire fee: 30USD / 25EUR / 20GBP/ 2500JPY.

The withdrawal process takes from 2 up to 7 business days.

Bonus & Credit issues

They offer a 70% bonus on each deposit which can be withdrawn once the trade volume reaches 50 times of the total compensated bonus amount. They also offer loan or credit facility to their clients in order to increase the trading volume. Interest for the use of loan funds is 10% of the full loan amount which is collected at the second month from receipt funds to the account.

Leverage is treated as a sharp double-edged sword. It is true that high leverage helps traders to aim higher profits but it also puts you in a risk of a loss that exceeds your total deposit amount. Thus, extreme use of leverage can play a vital role to kill your trading account.

I don’t recommend using the bonus, because a 50x trade volume multiplier would take a long time to trade, before you could get a withdrawal.

License & Regulation

We couldn’t spot any broker license number on their website. We’ve tried to contact them about this issue but unfortunately got no response from their service department. Several reviews from other source suggest that they are not registered by any renowned regulatory body like FCA, CPA, EEA or CySEC .

Safety & Security

RocketOption claims safeguarding client’s data is their highest priority. But the reality is, this broker is not engaged with any third-party online security company to ensure the safety of clients information, privacy, and funds.

Conclusion

This broker promises great customer support by market experts, learning materials, flexible and friendly trading platform with the highest return on investment to their clients. But they have avoided so many important issues like; their physical address, company operatives, varified performance reports or certificates. Most importantly they have NOT mentioned any information about their brokerage license status and background regulatory body. Based on our review, we cannot suggest RocketOption as a trusted partner yet.

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Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

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