Option94 is a forex and CFD broker that was founded in 2022. The company claims to be headquartered in St. Vincent and the Grenadines, but it is not regulated by any financial authority. This means that there is no guarantee that Option 94 is a legitimate broker and that your funds are safe if you deposit them with the company.
Company Overview
Options94 is run by Lunoforex PTY Limited. This dealer is from the United Kingdom. A web-based trade tool and a number of crypto-currency pairs are available to people who might become customers. The exchange doesn’t say much about its trade rules, but we do learn that the very least you can put to open the most basic account is a huge $2000.
Does Option 94 Have Any License?
No, Option94 does not have any license from any financial authority. This means that the company is not regulated by any government agency, and there is no guarantee that your funds are safe if you deposit them with Option94.
Is Option94 Regulated By Any Authority?
No, Option94 is not regulated by any financial authority. This means that the company is not subject to any oversight or regulation by any government agency.
Pros and Cons
Pros:
- Wide range of trading products
- Variety of trading account types
- Low minimum deposit requirements
Cons:
- Not regulated by any financial authority
- Numerous complaints from traders
- High spreads
- Difficult withdrawal process
How Does Option 94 Reach To Their Prey?
Option94 uses a variety of methods to reach potential clients, including:
- Online advertising
- Cold calling
- Social media marketing
- Email marketing
Technical Details
Option94 uses the MetaTrader 4 trading platform. MetaTrader 4 is a popular trading platform that is used by many forex and CFD brokers.
Minimum Deposit:
Option94’s minimum deposit requirement is $2000. This is relatively high compared to other forex and CFD brokers.
Trading Platform:
Option 94 uses the MetaTrader 4 trading platform. MetaTrader 4 is a popular trading platform that is used by many forex and CFD brokers.
Spread:
Option94’s spreads are relatively high. For example, the spread on the EUR/USD currency pair is 3 pips. This is higher than the average spread for the EUR/USD currency pair, which is around 1.5 pips.
Leverages:
Option94 offers a variety of leverage options, ranging from 1:1 to 1:1000. Leverage allows you to trade with more money than you have in your account. However, it is important to note that leverage can also amplify your losses.
Packages and Products They Offer
Option94 offers a variety of trading products, including forex, CFDs on stocks, indices, and commodities. The company also offers a variety of trading account types, with different minimum deposit requirements and spreads.
Withdrawal and Deposit Method
Option94 offers accepts only cryptocurrencies as deposit and withdrawal methods. This is not good as cryptocurrency can be used for scams easily.
What Do Their Previous Traders Say?
There are numerous complaints from previous Option94 traders online. The most common complaints include:
- Difficulty withdrawing funds
- High spreads
- Poor customer service
- Slippage
Summing Up- Why Should Not You Trust Option94
There are a number of reasons why you should not trust Option94:
- The company is not regulated by any financial authority.
- There are numerous complaints from previous traders.
- The company has high spreads.
- The withdrawal process is difficult.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have any problems with Option 94, you can try to contact the company’s customer support team. However, there have been numerous complaints from traders about poor customer service. If you are unable to resolve the problem with Option94’s customer support team, you may want to consider contacting us to get a free consultation and service recommendations to get help in recovering the funds..
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Final Thoughts
Option94 is a scam broker. The company is not regulated by any financial authority, and there have been numerous complaints from previous traders. You should not trust Option 94 with your money.
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