Published on January 6th, 2020 | by John Kane11
Broker Review: Exoptions
Today I’m providing traders with a review of a new broker promising all the most popular assets to trade in a regulated environment, Exoptions. This broker does not have much of a reputation in the marketplace yet, as I’ve just heard of them for the first time this past week. One of my readers asked me to take a closer look at the platform, so I decided to do so, and provide some analysis along the way as well.
According to the website, the head offices for the brokerage are at 312 Ross L. parks Avenue 25TH Floor Nashville Tennessee, United States. It’s extremely rare to see binary options brokers located in the United States, so I’m not 100% sure if they are actually located here, or if this is just some sort of the front. Obviously, I don’t want to make judgments either way, without having more information. To get in touch with support, traders can email [email protected]. There doesn’t seem to be a phone number available.
My first impression of the Exoptions website isn’t very positive. Many areas of the website come across as unprofessional, and poorly put together. There are spelling mistakes, grammar mistakes and a general lack of continuity when it comes to the way in which the content is being distributed. This information does not mean that the broker is untrustworthy, or a scam, but it certainly doesn’t instill me with an extra layer of confidence.
The 3 main aspects at the front of the page, that they are currently promoting is the fact that they are regulated, offer simple investing opportunities and provide a referrer friend promotion. They are currently regulated under CySEC, license number 248/14, and they are offering traders a $100 bonus for every friend they refer to sign up with the company.
This is all well and good, but I’m expecting a lot more from a platform that’s looking for me to deposit my personal funds with them. I’m leaning to other new brokers I’ve reviewed like Race Option, and Binary Cent.
- Type: Broker
- Location: United States
- Account Types: Classic – Platinum
- Welcome Bonus: 25-100%
While the developer does claim to have offices located in the United States, again I believe that we should take this information from Exoptions with a grain of salt.
In order to sign up with this brokerage, traders are required to deposit anywhere from $500-$15,000. In doing so, traders will have access to different account types ranging from classic, all the way up to platinum. Based on how much a trader deposits, determines which account type they are entitled to. Each account type offers increased welcome bonuses, access to brokers, analysts, trading signals and different levels of education are unlocked in the education center.
Personally, I don’t see why any broker would be locking levels of their education center, but this is obviously a way to get traders to deposit more funds. I don’t believe that any of these bonuses are truly worth depositing a higher amount than you are willing to in the first place. Don’t get swayed by a binary options account managers either, because good traders don’t work for brokers.
There are no testimonials are reviews available online about the Exoptions platform, so hopefully this review will rectify that situation, and give traders a place to discuss their thoughts and opinions.
The front page of the website has a testimonial section (which is mislabeled and spelled incorrectly) with 4 different accounts. The testimonials are all poorly written and contain spelling errors. Considering that this is exactly how the website is written, it makes me wonder if these are all fabricated by the brokerage.
I don’t want to judge Exoption too much just on their aesthetic, and presentation, but if I have to choose between a broker that is professional or broker that is not, I will always choose the professional broker. The platform could be great, but the people behind this brokerage need to do a better job at putting forward a clear message and advertising their services with a much higher level of professionalism. Their first step should be to fix all of the spelling mistakes and grammatical errors, and then find a way to tell us why their services are better than other brokers because at this point, I see no reason to sign up.
Please let me know what you think about this review, and the broker itself by leaving the review of your own below the article.
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