Is Option 888 a scam broker?
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Option888 is owned by Altair Entertainment N.V. and Pacific Ltd (both gaming companies) located in Scandinavia and Germany. They both have gaming license from Malta Gaming Authority but are operating in binary options and forex. Presently it is operated by Celestial Trading Ltd., located at Seychelles. It was set up in 2014. They managed to offer many advanced features and had a loyal following.
Assets on offer are commodities, currencies, indices, and stocks. Commodities consist of precious metals (gold, silver, platinum, and copper), agriculture (coffee, sugar, and wheat), energy (crude and brent). Currencies pairs (major currencies USD, GBP, CAD, JPY, AUD, NZD, Cryptos like Bitcoin, Ethereum, Litecoin, Monero, etc.). Indices of CC05, 10, 30, and 100 (Index of top 5, 10, 30 and 100 crypto currencies against USD), NASDAQ, MDAX etc. Stocks of well known US and British companies.
Support is through live chat, phone, email or form filling at the website. They are planning to use Skype also. Though the website is in English and Dutch support is provided in English, Danish, French, Swedish, German and Norwegian. In future, it is planned to add Italian and Spanish.
Option 888 offers only one standard trading account which requires a minimum $ 250 before the trade is placed. They have worldwide offices in London, Sweden, Malta, Germany, Holland, France, and Spain. It is serving Europe, Oceania and the Middle East.
Option888 is a scam broker because their license number 225/14 on CySEC stands suspended and still they are trading. Account managers gamble on your money even without your permission.
At one of the established and well-known websites, one of the authors Mr. E who were scammed by Option 888 puts up his story. He opened an account in December with EUR 500 within a fortnight someone from Option 888 called up and informed Mr. E that he will be his personal broker and was one of the best in the office. Mr. E invested 4×50 EUR and made EUR 156 profit. The manager informed that it is too little money, and on his recommendation, Mr. E invested another 2500 EUR. Mr. E made a profit of 264 EUR within few days. Again he was told to invest and he invested 800 EUR and made a small profit. In last week of Jan, he called up and said we must make a good profit. The manager informed that there is a lot of changing going on and you better shift to a new forex platform. Though Mr, E did not understand much but seeing a profitable association till now he agreed to deal in forex with 3000 EUR. He told him to wait for few minutes and will call back but did not until evening. When Mr. E called back no one picked up the phone, e-mailed him, still no reply. He called up helpdesk and through he contacted and came to know virtually all his money was gone in one affair. At presently there are only 380 EUR left in his account and no one wants to work with that small amount.
It is the same story with many people. If you are also a victim of Option 888 scam you can call MyChargeBack and take their help to recover your money. MyChargeBack has helped many scam victims get their money back. Remember Option 888 is a scam broker and you have to teach them a lesson and at the same time get all your money refunded.