1 PrimeOption Scam Review from qocsuing's blog

1 PrimeOption Scam Review

Established in 2017, PrimeOption is a Binary Options broker offering its online services in English and Russian. The PrimeOption brand is owned and operated by a UK company, Oracle Stone Ltd under license from the International Financial Services Commission in Belize. The company was set up by professionals with experience in derivates, Forex and risk management using ‘up to date and advanced technologies’.To get more news about 1prime options review, you can visit wikifx.com official website.

We contacted the support in 2020 and never got a reply on any of our emails. We do not suggest trading with a broker that doesn’t have capacity to reply emails. It could also be an indicator that 1PrimeOption has ceased its operations.
Currently, traders registering an account at PrimeOption may claim a 100% bonus on the initial deposit subject to terms and conditions detailed in the bonus offer. Significantly, traders at PrimeOption do not require previous experience to begin trading on the 100% web-based platform. Access to extensive educational training on the trading platform including assistance from professional brokers, equips traders with knowledge to become successful.

Bonus Terms and Conditions

Before bonus and profits can be withdrawn from the trading account, the trader needs to execute a trading volume of at least 40X the amount of bonus money received. Notably, the terms must be fulfilled in the time specified in the promotional offer. Moreover, should the trader attempt to cash out the bonus and profits without fulfilling the bonus trading requirements, the bonus and profits are removed from the traders account.

Account/Trader Types

Binary Options is a derivative financial instrument with fixed income and risk. To trade binary options, traders must decide whether the price of an underlying asset will go up or down during the life of the option. If the decision is incorrect, the trader loses 100% of the investment. However, when the decision is correct, the trader can get up to 90% profit on the investment. To trade Binary Options, traders at PrimeOptions can choose from four trader types: New, Bronze, Gold and Platinum. Moreover, there are no hidden fees or commissions.

New Trader

This is the very limited PrimeOption account with one on one basic training, access to the basic education centre and the trading dashboard. A minimum deposit amount is not indicated on the website.

Bronze Trader

To set up a Bronze trader account, customers must deposit between $450 and $1,499. A personal account manager is made available to Bronze traders and one on one basic training is given. Traders have access to the basic education centre and a limited trading dashboard with limited signals. We consider this a poor package relative to the deposit requirements.

Gold Trader

The deposit for registering a Gold Trader account is from $1500 up to $1,999. With the Gold account, traders get one on one basic training, a personal account manager and access to the entire education centre. Significantly, traders get to use the unlimited 365 trading dashboard and receive full trading signals.

Platinum Trader

To open a Platinum Trader account, a deposit of between $2,000 and $5,000 is required. The Platinum account gives traders all the advantages of the Gold Trader account PLUS one on one training by a professional trader.