Trades Option is a very new binary options broker. The domain tradesoptionon.com was created less than a month ago, on July 14, 2017. Obviously no information is available about them anywhere. In this TradesOption review, therefore, we will have to use the information which exists on the site as well as our knowledge and experience in order to figure out whether they are a legitimate brokerage or a SCAM!
Who is Behind Trades Option?
According to ICANN, TradesOptionOn.com was created by Wesley Jinping of 25550 Hollywood Way Suite 202, Florissant AR 82414 US. His phone number is 18142858325. Email: email@example.com. Unfortunately, this physical address provided seems to be fake. We were not able to locate a town called Florissant in the state of Arkansas.
As can be seen in the below image from ICANN, the domain was only purchased for one year.
According to the site, Trades Option’s email address is firstname.lastname@example.org.
In their disclaimer, the following is written: “JLOptions.com offers the fastest option expires…” However, we were not able to locate a site with this address. In a different place it says “Trading with J L Binary Options is as easy as 1, 2, 3…” Further investigation revealed that there used to be a Facebook page called JLoptions, but it was terminated.
They claim to offer a live chat, but we were not able to find any signs of a live chat on their website.
Another strange thing is that their map shows this address: 1663 Mission St., San Francisco, CA, USA.
They have a contact form and a UK telephone number: +441223793188.
The customer and technical support is claimed to be available 24/7.
What do TradesOption Offer?
Trades Option is a white label of the SpotOption technology, meaning that Trades Option is a SpotOption brand and as such allows the trading of binary options, Forex, CFD, cryptocurrencies as well as other trading tools.
Several account packages are mentioned.
The Mini package requires a $1,000 minimum deposit and comes with a 25% bonus, a platform walk through webinar, an introduction to candlesticks webinar, educational videos and a digital online eBook.
The Starter package requires a $2,000 minimum deposit and comes with a 30% bonus, a coutesy call from a market analyst and daily market reviews via email.
The Silver package requires a $5,000 minimum deposit and comes with a 50% bonus or 1 risk free trade as well as a courtesy call from a market analyst, daily market reviews via email, a dedicated account manager and an academy session.
The Gold package requires a $10,000 deposit and comes with a 75% bonus or 3 risk free trades or a guaranteed profit trade as well as a courtesy call from a market analyst, daily market reviews via email, 2 academy sessions and signals webinars.
The Platinum package requires a $25,000 minimum deposit and comes with a 100% bonus or 5 risk free trades or 3 guaranteed profit trades as well as a courtesy call from a market analyst, daily market reviews via email, 5 academy sessions, signals webinars, personal contact with broker via Skype, email or phone, weekly signals via email and same day withdrawals.
Finally, there’s a Corporate/Managed Accounts package. No details are available about this package.
The other sections of the site, namely the FAQ, Asset Index, Expiry Date and Webinars are not currently available.
Binary Trading Robot
There’s a very strange page on tradesoptionon.com in which a software referred to as Binary Trading Robot is promoted. This software allegedly allows one to “profit up to $5,820 every single day with zero binary trading experience using the world’s first profitable binary trading robot!”
This is obviously a scam, but the strange thing is that when trying to sign up with the software, we’re redirected to the broker’s sign up page. Also, another address is provided on this page:
11th Ave NW, Bradenton FL 34209. No street number is mentioned. It seems to be a residential area.
Telephone: +19414445180. The telephone number suggests that the advertiser is actually located in Sarasota, FL.
Trades Option Review Conclusion
That’s about all the information we were able to find at the moment about this very new brokerage. Our reviews indicates that there’s a high chance of TradesOption being a scam!
Our subscribers already know that we are allergic to non-regulated brokers. But with Trades Option things are much more complicated. There’s no trustworthy information available regarding the company that owns the site or their real address and contact details. They are also promoting an obvious auto trading scam. Finally, the site is unprofessionally done, which indicates it was made by a scammer, and not a real company. I mean, what’s this domain name? Trades Option ON .com ?
Our conclusion – Avoid Trades Option !!! It seems to be a fraudulent website!
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