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Binary options is a very lucrative field in the investment world, but it also requires patience, dedication and perseverance. It is an expensive trading option owing to commissions that you need to pay to your broker. In such a case if any broker is promising you insane returns it is indeed a fake one. These binary exchanges work on an algorithm formulated by these scammers where there is absolutely zero percent chance of a loss in a trade. You, owing to the fact that you are constantly making profits believe in such a nuisance and as a result, often end up depositing the amount only to realize that the payments are never made at all.
Many customers have lost their life savings by investing in fraudulent schemes like this. Some, who decided to contact us at First Option Recovery got their funds back within a time period of 3 months. A binary exchange firm cannot operate without a valid license number and hence, one should always check for the valid license number of a binary firm. Many firms issue a fake license number and post it on their website.
This can be easily confirmed as all valid license numbers can be verified as they are publicly available. Firstly, you need to relax and know that your money is not lost. You need to realize that there are a lot of fund recovery experts who can do the job for you. They have a trained group of attorneys who can help you get your money back in no time if you have been the victim of the Magnum Options Scam. One such fund recovery group that you can rely upon is First Option Recovery.
We have our own database of fraud companies that helps us recover your funds faster than any other recovery group can do. Do get in touch with us if you have been a victim of any kind of financial fraud. Your Message. Automated page speed optimizations for fast site performance. Skip to content.
Magnum Options Scam. What do you need to do in order to save yourself from such scams? Extra deposits for fund withdrawals These binary exchanges work on an algorithm formulated by these scammers where there is absolutely zero percent chance of a loss in a trade.
Magnum Options uses a very user friendly trading platform. However they have done a lot of work to personalize it and make it look unique. The layout really is easy on the eyes and has a good feel to it. The Magnum Options user interface is currently available in 3 different language s: English, Italian and German. The main page has only one graph in it, with a scrollable asset list on the left.
You will only be able to see currently live and tradable assets on this list. You can always go to the full asset list for a full list and to see when a certain asset will be available for trading. The main screen gives you pretty much all the information you need to make a trading decision and everything is neatly laid out. The graph goes back slightly more than one hour and different expiration times can be chosen. In order to put in a trade, you simply click the call or put buttons, and choose how much you want to invest.
The payout rates are extremely competitive and vary depending on the asset. However, Magnum options do have a protection rate on many of their assets. This protection rate is basically a rebate that the trader receives if the option lands out of the money. In addition to providing the expiry rate of the options you have purchased, Magnum Options provides a complete list of expiry dates for all options that have recently expired, regardless of whether or not you have purchased these options.
This is critical to establishing trust among customers, as a broker who provides a full list of expiry rates to the general trader community has a much harder time manipulating expiry rates per specific trader. This is something that many traders often accuse brokers of doing if they are not happy with the results.
This tool allows you to put in orders during the weekends as well. The binary options needs only to reach or touch the strike price once during the week following the purchase for the option. Once this happens, the option immediately becomes in the money and will expire profitable. The profit percentage depends on how far the strike price is from the security at the time of purchase, so the profits can be HUGE! This is great, as this allows the trader to perform much more trades and learn the ropes with much less risk of suffering a large loss.
This tool is also very good if a trader opts in for a bonus upon signing and needs to generate a certain amount of trading traffic before the bonus liquidates into real funds.
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However, their concern is not legitimate as the security measures are very important. In fact, Magnum Options is legally bound to ensure that all the traders who have an account on the site are verified before they can start trading on the site. Magnum Options is not a regulated binary options broker. However, this is not something that should serve as a source of concern to the traders as Magnum Options is known to be a genuine broker who offers higher payouts.
It is a growing online trader that grants quality service and is very popular with traders from around the globe. The broker provides the traders with bonuses and other promotions that make it more interesting for them to trade. Thus, it is of no surprise that the broker enjoys such popularity with the traders.
Regulated brokers cannot accept traders from the United States and many other countries where rules and regulations are very stringent. Such an opportunity may not be provided to them by the regulated brokers. Despite the fact that Magnum Options is not regulated, the broker is known not to be a scam. Besides, there are barely any negative reviews or complains about the broker. The broker does not have any dubious terms or conditions that could fool the traders.
Instead, the rules of the site are quite clear and they give a fair idea of how the traders can avail of the features and services offered by the site. MagnumOptions withdrawal is secure and fast making it very convenient for people to withdraw their earnings from the site when they needed. It is not surprising that Magnum Options has become a very popular binary options broker within a short period of time. Magnum Options withdrawal is a simple process given the fact that the site offers numerous options to the traders for withdrawing their earnings.
The withdrawal limit for this binary options broker is USD or EUR, depending on the currency with which the traders operate their account. For example, if you deposit and operate your account in the site with US Dollars, you will only be able to withdraw your earnings from the site in the same currency. You will not be able to make a withdrawal in Euros.
This rule regarding currencies exists in most binary options brokers and it helps them to avoid exchange rate fluctuations. The two most popular methods of withdrawals used are wire transfer and credit card withdrawals. For credit cards, the withdrawal amount cannot exceed the amount of money initially invested to the site.
The remaining amount can only be withdrawn with the help of wire transfers. Also, the money that is invested with the help of a credit card, can only be withdrawn to the same card. It cannot be withdrawn to any other credit card. MagnumOptions withdrawal can be cancelled by the trader during the processing of the request. This is certainly a great feature that allows the traders to enjoy flexibility in withdrawing money from the site.
When the request for a cancellation is made the money will be returned to the account of the trader. However, the withdrawal request cannot be cancelled if it has already been processed. For cancelling a withdrawal request the traders will need to get in touch with the support team of Magnum Options either through phone or through email. Overall, the process of withdrawing earnings from Magnum Options is very fast, secure and simple, and above all, very convenient.
MagnumOptions is undoubtedly one of those binary options traders that have been able to gain a lot of popularity within a short span of time. It was started in and within 2 years it has been able to draw the attention of binary options traders from around the world. Apart from lucrative bonuses and a variety of other features, the broker also offers excellent customer service that makes it the ideal choice for binary options traders. The site has a very good team of support staff who offer excellent customer service.
They can be easily reached by phone, through email or through live chat on the site. They make it possible for the traders to enjoy a trouble free experience of trading on the site. The support team of Magnum Options has been active since the time they started their operations in Over the last two years, the staff members have interacted with a variety of customers and have helped them to get their queries resolved.
In the process, they have not only helped their customers but have also gained a lot of exposure and experience. Now, they have a very good idea of the types of problems that the traders face when using the services of MagnumOptions. Hence, they are able to easily solve these problems in no time and offer excellent quality service in the process. Thus, it is of no surprise that the traders are very satisfied with the services provided by this broker. This is a great feature that allows the traders to get help instantly and on a real time basis.
For example, if a trader is trying to withdraw earnings from the site and is unsure of what to do, it is advised to take advantage of the live chat support feature, get in touch with a support staff at MagnumOptions, and understand how the process of withdrawal works on the site. There is no need to wait on the phone to talk to a customer support executive or wait for them to reply to email. Another aspect of the customer service provided by MagnumOptions is the fact that the broker assigns dedicated account managers to all of its traders.
The manager will also provide valuable tips about how to can maximize earning potential while minimizing risks. With IQ Option, you will be trading with an award-winning broker recognised and praised by industry experts. Get your IQ Option account today! Disclaimer: This website is independent of of all forex, crypto and binary brokers featured on it. Before trading with any of the brokers, potential clients should ensure they understand the risks and verify that the broker is licensed.
The website does not provide investment services or personal recommendations to clients to trade any financial instrument. Information on FairForexBrokers. Our firm First Option Recovery, is a firm believer of the UK Insolvency Service and when the authority decided to investigate the case, we also decided to work on the case along with them to bring out the fraudulent nature of such crimes.
The UK Insolvency Service, who worked on these fraud cases, investigated the complaints that they received between February and March and found out that the scheme that Magnum Options provided was a fake one and many investors have lost their money owing to this. The Magnum Options Scam was a success owing to the smart sales team that they hired. Guaranteed returns were promised but one catch made all the difference. According to the terms and conditions page of Magnum Options, the investors were told that they needed to trade 40 times the amount that is present in their account balance in order to make withdrawals.
Some of the investors, paying no heed to the warnings, ended up doing so, but unfortunately, they lost their money as no payouts were made even after repeated attempts. The firm was eventually closed after an investigation. We at First Option Recovery, are working extremely hard to bring out the best and verified information to you and your peers.
As a result of our efforts, our team has worked diligently to bring you about the red flags of how one can find out whether a binary options broker is a scammer or not. Binary options is a very lucrative field in the investment world, but it also requires patience, dedication and perseverance. It is an expensive trading option owing to commissions that you need to pay to your broker.
In such a case if any broker is promising you insane returns it is indeed a fake one. These binary exchanges work on an algorithm formulated by these scammers where there is absolutely zero percent chance of a loss in a trade. You, owing to the fact that you are constantly making profits believe in such a nuisance and as a result, often end up depositing the amount only to realize that the payments are never made at all.
Many customers have lost their life savings by investing in fraudulent schemes like this. Some, who decided to contact us at First Option Recovery got their funds back within a time period of 3 months. A binary exchange firm cannot operate without a valid license number and hence, one should always check for the valid license number of a binary firm.
Many firms issue a fake license number and post it on their website. This can be easily confirmed as all valid license numbers can be verified as they are publicly available. Firstly, you need to relax and know that your money is not lost. You need to realize that there are a lot of fund recovery experts who can do the job for you. They have a trained group of attorneys who can help you get your money back in no time if you have been the victim of the Magnum Options Scam.