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London Option Exchange logo
London Option Exchange Review
Traders Rating1 Vote0.45
Website: www.londonoptionexchange.com
Address: 10 Bloomsbury Way London WC1A2SD
Phone: + 442038074064
Email: support@londonoptionexchange.com
Company: Euronax LTD
Regulation: Not Regulated
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London Option Exchange Rating
London Option Exchange Warning
Financial Conduct Authority (FCA) warns against London Option Exchange!
Have You Been Scammed by London Option Exchange?

 

The London Option Exchange is a Fixed Return Options. It is a subsidiary of Trident Group LTD. Following, we are going to review this broker and discuss its several issues.

 

 

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About London Option Exchange

 

The London Option Exchange is a binary options broker. The registered address Euronax LTD 10 Bloomsbury Way, London. There are 200 different financial assets, and the minimum deposit is $250.

This broker is allegedly based in the United Kingdom, but it has no authorization from the Financial Conduct Authority.

 

What Does It Offer?

 

London Option Exchange is a Tradologic Binary Options Trading software. It deals in all forex and minor pairs. It offers several digital high and low binary options with Turbo. The platform offers 30 seconds, 45 seconds, 1 minute, and 5 minutes options.

The minimum trading amount is $10 LE. London Option Exchange is only available in English.

 

Issues

 

We are going to point out the issues we found in London Option Exchange. These issues are the red flags you should look for when finding a reliable forex broker.

 

Blacklisted by FCA

 

The Financial Conduct Authority advises everyone to stay away from London Option Exchange. Given the name, we are surprised this broker isn’t licensed by the most prestigious fiancé authority of United Kingdom.

FCA further explains that London Option Exchange has been operating without a license. The authority is wary of how the broker works.

 

Blocks Payment

 

A reliable broker always offers a quick way to deposit and withdrawal funds. It doesn’t matter how you want to handle the transaction; you should still have a seamless experience. The fact is, there is no reason a broker can deny you withdrawal.

Yes, it could ask you for more paperwork. It helps to protect the user against money laundering and other illegal practices. But there is no way a broke can refuse to process your withdrawal request. London Option Exchange does that, and it calls for suspicion.

 

Good First Impression

 

We would like to commend London Option Exchange for the initial good impression. However, it doesn’t last long as the quality of service starts to water down shortly after you register. Customer support is important for any business, and you want the broker to answer your queries anything you want. But if the broker fails to do so, it implies he is going to cheat you.

Moreover, if you find any suspicious activity related to your money or trader, and the broker can’t explain, then you better leave while you can.

 

Poor Customer Service

 

There is a fine line between poor customer support, and hiring grunts to deal with your clients. Yes, the support team of London Option Exchange is paid for one thing only, extort money from traders. It uses cold calling,  and warns you that your account will be closed if you don’t comply.

 

Conclusion

 

London Option Exchange is a scam. FCA blacklists the broker, it forces you to put more money into your account and blocks your payment. This clearly shows it wants to rip off its user base.

 

 

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