Quick Links

• Our Review Method

• Is Option888 Scam or Legit Broker?

• What is Option888?

• 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 Option888 due to the issues we've identified.

Is Option888 Scam or Legit Broker? ▲

Through extensive investigation and analysis, concerns have been raised regarding the legitimacy of Option888. The information provided on their website regarding their location and regulatory status is notably ambiguous and misleading. Our comprehensive evaluation has revealed that Option888 lacks any form of licensing, rendering it an unreliable and potentially unsafe broker for investors. This absence of regulatory oversight significantly undermines the credibility and trustworthiness of Option888, suggesting that it may, in fact, operate as a scam broker.

• Registered in the Republic of Samoa

• Type of License: None

• Is Option888 safe to trade: No

• Recommended Licenses: FCA in the UK & ASIC in Australia

What is Option888? ▲

Option888 operates under the trading name and brand of Capital Force Ltd, claiming its headquarters in the Republic of Samoa. The broker boasts about offering a modern, user-friendly platform, incorporating the latest online technology to provide a fast, responsive, and precise trading experience, with guaranteed execution times. Option888 purports to have a global presence, with offices in multiple countries including London, Sweden, Malta, Germany, Holland, Spain, and France, positioning itself as a significant Forex broker within Europe, Oceania, and the Middle East.

However, a closer inspection reveals inconsistencies and questionable claims about its operational structure. Option888 states that it is owned and operated by Celestial Trading Ltd, which allegedly holds a license regulated by the Montenegro Securities Exchange Commission. Moreover, it mentions that payment processing through credit cards is handled by Celtic Pay Ltd, based in the United Kingdom. These conflicting pieces of information regarding the broker's incorporation, supposed regulation, and payment providers raise substantial doubts about its legitimacy. Notably, Montenegro's regulatory framework does not impose stringent requirements on Forex businesses, casting further skepticism on Option888's regulatory status.

Furthermore, regulatory authorities in Europe have issued warnings and bans against Option888, explicitly stating that it is not authorized to offer investment or banking services that require licensing. Such authoritative admonishments from regulatory bodies like the FMA in Austria underscore the risks associated with engaging with Option888.

Conclusion ▲

In light of the findings from our thorough review, it is strongly advised to steer clear of Option888 and instead opt for brokers that are subject to regulatory oversight. The presence of regulatory bodies ensures that brokers operate within a framework of accountability and transparency, safeguarding investors' interests. With a myriad of regulated brokers available, it is prudent to choose those regulated by reputable entities such as ASIC or similar. Given the recent update that the Option888 website has become inactive, it's imperative to remain vigilant and cautious of any offerings or propositions that may arise from this broker.