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• Our Review Method

• Is Empire Option Scam or Legit Broker?

• What is Empire Option?

• Pros

• Cons

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding Empire Option due to the issues we've identified.

Is Empire Option Scam or Legit Broker? ▲

Empire Option, unfortunately, does not meet the safety criteria for a reliable Forex broker. It lacks regulation from any recognized financial authority. Located in St. Vincent and the Grenadines, Empire Option operates outside the jurisdiction of stringent internationals regulations, which typically safeguard the solvency of a financial institution. Moreover, the broker has been flagged in warning lists by EU regulatory bodies and others, indicating potential risks for traders.

• Regulatory Status

• Registered in: St. Vincent and the Grenadines

• Type of License: Offshore License

• Is Empire Option safe to trade: No

• Recommended Licenses: N/A due to lack of regulation

What is Empire Option? ▲

Empire Option operates under Baumann and Kraus Enterprises Ltd, based in the offshore jurisdiction of St. Vincent and the Grenadines. They claim to offer a novel investment approach in leading financial markets, boasting over 1000 assets and sophisticated trading tools. Despite these promises, the broker's reputation has been marred by overwhelmingly negative reviews dating back to 2015. The negative feedback primarily concerns issues with withdrawals, account manipulation, and harmful trading practices. Alarmingly, Empire Option has attempted to shift its focus towards Spanish-speaking countries and regions in Latin America and the Middle East, possibly to exploit markets less aware of its tarnished reputation.

Pros ▲

• None Identified: In light of the severe regulatory and operational concerns identified, we are unable to list any pros in favor of using Empire Option for trading.

Cons ▲

• Lack of Regulation: Empire Option is not regulated by any reputable financial authority, which raises significant concerns about the safety of traders' funds and personal information.

• Negative Reviews: A long history of negative feedback from traders, especially regarding withdrawals and account handling, further discourages engagement with this broker.

• Warning by Authorities: The fact that Empire Option has appeared on the warning lists of several financial regulatory authorities is a red flag, indicating potential untrustworthiness.

• Offshore Registration: The broker’s registration in an offshore zone is often associated with less oversight and higher risk for traders.

• Targeting Vulnerable Markets: The strategic shift to target regions less familiar with its negative reputation suggests an unethical approach to acquiring new clients.

Conclusion ▲

To sum up, traders should unequivocally steer clear of Empire Option and any related entities. The absence of regulation, combined with a troubling track record of negative trader reviews and warnings from financial authorities, underscores the risks associated with this broker. As a precautionary measure, individuals looking to invest should prioritize brokers that are regulated by reputable authorities such as the FCA or ASIC. These regulatory bodies ensure a level of transparency and reliability that Empire Option fundamentally lacks. Investors are advised to conduct thorough due diligence and opt for trading platforms that offer not only advanced trading tools and assets but also a secure and regulated trading environment.