EveryOption Broker Review
Currently, we are not able to deem EveryOption as a safe binary options broker. We highly advise you to proceed with a trustworthy and reliable broker. For a more reputable binary options broker, choose from the list of other safe and highly reviewed brokers.
Due to the worldwide trend and growing demand of binary options trading, many brokers have been entering the industry left and right. Unfortunately, many of them are not reputable – and not licensed or regulated.
The binary options broker EveryOption entered the market in 2014, making it very new to the industry. The company that manages EveryOption is named Rich Ventures Ltd., and is located in Belize, Central America. However, its main virtual office is located in London and it also has virtual offices in France and Russia. This broker offers over 100 assets and currency pairs for its clients to trade. They further provide various options such as 60 second options up to a monthly basis, and something they refer to as “pro options” that offer flexible trading. The minimal trade amount is $10 and the monetary fund required to begin is $250.
Although EveryOption theoretically sounds appealing as a broker, there are few concerns. EveryOption is owned by a Cyprus company yet they do not have a CySEC license. In addition, we do not see any license approving their practices under the MIFID in the European Union. Considering these vital factors, we are not 100% sure if they are legit. We strongly suggest you open an account with a broker that has proven to be secure and trustworthy and most importantly, that is licensed and regulated.
Is EveryOption a Crook?
EveryOption does make big promises regarding high returns in the easiest way possible, including ensuring their clients they are at low risk. Honestly though, EveryOption is no different than any broker in the binary options industry. This broker makes offers that are bit too ideal and not very realistic, so we recommend you do your own due diligence prior to investing your money here. Our team has uncovered unfavorable reviews regarding EveryOption, as many traders have complained that the website’s claims were false. We remain objective, and again advise you to do a bit of research to see if this broker is worth your risk.
Our team also found many empty links in their education sector of the website, as well as no information. Moreover, the FAQ section is also empty which makes it seem as though the broker doesn’t care about its traders. Scam-Rank views such missing criteria as a problem, and touches the line of scammer behavior. We cannot say 100% that EveryOption is a crook or not, but this broker elevates suspicion; be very careful.
EveryOption Payment Methods
After analyzing the EveryOption website, we have discovered that there is a lot of missing information when it comes to your money. We found that the payment methods regarding deposits and withdrawals are very unclear. We assume that they accept major credit cards and wire transfers, but this information is not provided.
If a broker is not upfront about their payment methods, you should be worried. Brokers should be transparent about what methods are accepted in order to ensure they receive your funds, but most importantly you receive you earnings. A trader shouldn’t assume things when it comes to payment forms. There is also no concrete time regarding the withdrawal process! There are way too many red flags here, so we strongly advise you opt for a more honest and reputable broker.
EveryOption Problems & Complaints
Our team has researched online forums and trading groups all over the web only to find a large number of negative comments regarding EveryOption. We do understand they are new to the market and take into consideration that their platform and services may not be as satisfactory as more reputable brokers, but we remain unbiased and base our assumptions on facts. The fact there are missing links throughout the website and no listed payment methods, reveal that this company may not be totally honest.
Of course, you are advised to browse online sources to decide if a broker is right for you or not, but we highly recommend you find a better alternative to EveryOption.
- Over 100 Assets to Trade
- Not Regulated nor Licensed
- Missing Educational Materials
- Poorly Performing Platform
- Undefined Payment Method