Trading platform review website CyberScamReview.com warned the binary options traders to steer clear of ExpertOption. The latter claims to be operating from India, and CyberScamReview.com’s staff proved it is an unregulated service provider.
We want to help our avid followers, who are binary options traders, find safe trading platforms. We believe we can assist them in keeping themselves protected against bogus trading sites by sharing this news about ExpertOption.
Many traders who used ExpertOption’s trading service said this provider is not transparent. They remarked that this company refuses to pay a client’s winnings.
ExpertOption’s alleged victims also cited that this trading platform would close a customer’s account and fool the latter using their made-up reason that the trader is against their terms and violated their policies.
CyberScamReview.com’s reviewers wanted to help these traders who ExpertOption wronged. They affirmed that the latter offers binary options instruments.
CyberScamReview.com’s reviewers shared that ExpertOption provides their customers with huge promotions and bonuses and that novice traders are usually the victims falling for such traps.
Furthermore, the analysts from the Los Angeles, California-based trading review website pointed out that the shady platform may offer trading tools, fancy offerings, and educational materials.
However, CyberScamReview.com’s reviewers said ExpertOption would prohibit clients at the end of the day if they start winning too much money.
They relayed that many of ExpertOption’s policies are unfair and that this operator has a massive advantage over its customers at all times.
CyberScamReview.com’s reviewers mentioned that the actual owners behind the binary options trading platform operate from the shadows.
With this cold trading reality involving ExpertOption, CyberScamReview.com’s reviewers advised traders to avoid the trading site to save themselves from substantial problems.
They also recommended looking at only the regulated platforms for their trading activities since these sites are not unscrupulous and abide by certain legal standards.
ExpertOption is among the illegal trading sites operating in Bangladesh, per the report posted on the Internet by Bangladeshi independent newspaper Blitz.
African, Thai, Indian, and Pakistani companies are currently running online casinos, betting portals, cryptocurrency trading, and forex trading businesses in the South Asian nation.
Most of these illegal and unregulated trading platforms operate via popular social media sites like Facebook, and they have already scammed thousands of Bangladeshi nationals and expatriates.
The regulation by the central bank of Bangladesh, Bangladesh Bank, stipulates that it is illegal to operate online foreign exchange websites and shops targeting Bangladeshi customers.
However, the Bangladeshi central bank and other concerned authorities are yet to take action against the fraudulent trading sites. We feel grateful to CyberScamReview.com’s reviewers for their concern and care for binary options traders.
We certainly find it troubling to learn about how ExpertOption defrauds unwitting traders. Therefore, we strongly advise potential traders to avoid this trading platform.