Is No 1 Options a scam broker?
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No 1 Options brokerage firm is owned by Shof Marketing located at Anguilla with an office in London. They are binary options broker. Sajad believes that they are operating from Israel with a fake UK address. On finding UK address there are nearly 106 companies which are registered at the same address. Most of the online scam companies are operating from that address. Magnum and BTC Option has the same address too. Many have closed their shutters.
No 1 Options do not have anything special on their site, same slogan, same platform the first, best, and most reliable are the advertising campaign to lure customers into their scam.
The minute difference from other similar sites is they have Economic Calendar which keeps traders up-to-date of coming financial events and news. This news can help plan his trade in a proper way and profit from it. Then there is Pivot Point Calculator and Fib Calculator.
The website is made good without major problems or broken links. The platform used is SpotOption 2.0 and information is easy to access. No download is required and has straightforward features. SpotOption is popular binary options software among most of the brokers.
Educational material provided is MTE Media. To get access to most of the content you will have to be logged in (register).
Accounts available to traders are Micro (minimum deposit $ 500), Silver ($ 2500), Gold ($5000), Personal Broker Trading ($ 10000) and VIP Trading ($ 50000). It is a huge amount considering that No 1 Options is not the biggest one in the market.
Deposit and withdrawal are through credit/debit cards (Visa, Visa Electron, Maestro, and MasterCard), bank wire transfer, and e-wallets (Skrill, Neteller, Ukash and many more)
Customer service is through live chat, email, and phone. Languages are English, Spanish, Portuguese, German, Russian and French.
No 1 Options is a scam broker as it has the same address as other 106 different mostly scam companies have. There are increasing numbers of complaints and guilty cases against them at FPA. If not totally scam than this is a warning sign for traders.
On Google simply type No1 Option along with complaints or scam or fraud and you can see a long list. These should set alarm bell ringing of No 1 Option scam. You can see into forums, comments, and inner pages.
Their bonus for first deposit can go start from 25 percent and can go as high as 200 percent. When the bonus is accepted (as most traders do) then for withdrawal they require trading volume 30 times the bonus. This is where most online scam takes place i.e. making withdrawal difficult or nearly impossible.
Though they claim of live support, most of the time it does not work. This is a huge disadvantage when one is trading and markets are online and decisions have to be made quickly.No 1 Option is a scam broker and there are many traders who have difficulty in withdrawing their money. If you are one of them contact MyChargeBack as quickly as you can to recover your lost money before company vanishes without leaving any trace.