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• Our Review Method

• Is OptionExpert Scam or Legit Broker?

• What is OptionExpert?

• 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 OptionExpert due to the issues we've identified.

Is OptionExpert Scam or Legit Broker? ▲

Regrettably, OptionExpert falls short of being a trustworthy broker. Despite claiming Cyprus as its base of operations, the firm lacks regulation from the Cyprus Securities and Exchange Commission (CySEC). This absence of regulatory oversight casts significant doubt on the broker's reliability and poses a considerable risk to those considering engaging with it. The absence of essential regulatory approval means that OptionExpert does not offer the security measures necessary to protect traders' investments, making it a highly risky option.

• Registered in: No Registration

• Type of License: No License

• Is Option Expert safe to trade: No

• Recommended Licenses: FCA in UK & ASIC in Australia

What is OptionExpert? ▲

OptionExpert markets itself as a binary options trading platform, promising an easy and user-friendly way to profit from major financial markets. According to the information on their website, they began operations in 2015, with a physical presence in Cyprus. They also make claims of being regulated and licensed by the local authority, CySEC, which they suggest ensures compliance with all relevant laws within Cyprus and the broader European Union. The broker touts itself as a premium, high-quality service, offering a unique and superior trading experience.

However, a closer examination reveals a stark contrast to these claims. The most glaring issue is the complete lack of CySEC licensing and regulation, with no evidence to suggest that any such license was ever granted or subsequently suspended. This discrepancy indicates that the information provided by the company is highly misleading, if not entirely false. Furthermore, CySEC itself has issued warnings about the broker, specifically noting that their domain is not authorized to offer trading services. This stark contradiction between the broker's claims and the reality of their regulatory status is a clear red flag.

Conclusion ▲

To summarize, it is strongly advised to steer clear of OptionExpert and to only consider engaging with brokers who are properly regulated. Regulated Forex Brokers are required to adhere to stringent international standards, offering not only secure trading conditions but also a level of accountability and transparency that OptionExpert conspicuously lacks. For those looking to trade, it is much safer and more prudent to select brokers that are regulated by reputable authorities such as the FCA in the UK or CySEC in Cyprus. This ensures that traders are afforded the protections and oversight necessary to trade with confidence.

OptionExpert Update

Upon further investigation, it has come to our attention that the OptionExpert website is no longer active, making it inaccessible. This development indicates that the broker has ceased operations. Nevertheless, caution is advised. It is critical to remain vigilant and avoid any potential offers or solicitations that may arise, as the lack of regulatory oversight and the broker's track record of misleading information make it a risky endeavor.