In this review, we will describe why Option888 is a scam that you should avoid at all cost !
Is Option888 Legit?
Looking at Option888 website, it shows that they are owned by Celestial Trading Ltd. Celestial Trading Ltd is located on the Seychelles, a well-known offshore zone and a preferred location for shady brokerage. Option888 is an unregulated broker. Problem with unregulated brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why Option888 is a dangerous broker to deal with.
Are Funds Safe with Option888 ?
With such lack of information and Option888 being unregulated, funds are not safe. Security of funds is a huge problem with unregulated brokers. A red flag that we noticed is Option888 is withholding vital information to users.
Option888 could go bankrupt from one day to another since there are no banking information about this broker.
Option888 Review: our Conclusion!
Option888 is an unregulated broker to avoid at all cost. If you have been scammed, check out our ChargeBack process here or get a Free Consultation by a team of expert by clicking here.
Option888 Scam Review
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Website URL : www.option888.com
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Type of Scam : Unregulated Broker (Binary Options, Forex)
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Regulation : None
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Other : A joint German-Austrian team has carried out 35 raids in five countries and investigated 10 suspects in connection with the alleged crimes committed by Option888
Thank you for detailing the investigation that has taken place with Option 888.I did invest £250 with the company in 2017 & after a month I was informed my account was suspended to which I asked for a refund & have not been able to find out anything since so any updated information to help get my money back would be appreciated.
I was not only scammed by option 888 but was dupped. They stole all my bitcoin and 1500€ I loan from a friend. I bought bitcoin worth 250€ in 2017, they came back to me in 12th December 2020 claiming they are from Binance. I never had any business with Binance. That how they tricked me and took all. Even got me into debts. Taylor, Eriq Ludwig, Benjamin, Alna (scammers name) will DIE by cancer.