- An Unreliable Broker
- About Max Options
- What Does It Offer?
- Blocks Payment
- No Uninstall Option
- Cheat Clients Fund
- Manipulates Price
Max Options is a forex broker that has been the marketplace for a few years. This broker is not regulated and has gone out of business. We are going to review this platform and see what it offers. We will conclude after describing its issues.
Max Option used to be a binary options broker. It was based in Anguilla. The broker first came into the marketplace in September 2014. The given address was 6300 Zug, Baarestrasse 75, Switzerland.
This platform used SpotOption Trading Platform. It primarily deals in Forex and CFDs. The platform is available in 3 different languages including English. This trader offers 30, 60, 90, 180 and 300 Second Options, Bitcoin, and One-Touch Options. The returns are somewhere between 70%-81%. It uses LiveTrader app for mobile users. The minimum deposit is $250.
Following, we are going to review this broker and explain why people shouldn’t trust this broker.
There are many problems with Max Options. Following we are going to discuss its most significant issues and help you understand how you can tackle them. So, stick with us.
This is very typical; Max Option has made quite a name for itself because it blocks the client’s payments. Yes, the broker is guilty of blocking withdraw. The Forex forums are full of such discussion where traders are looking for a solution. In case you are a victim, and you want your money back, we suggest you hire a professional recovery service.
Max Options offer MetaTrader 4, and you can install it on your desktop. Yes, you don’t need to log into your browser every time. This is very convenient. However, there is one issue. Max Option doesn’t offer any uninstall option available. Yes, the software doesn’t come with an uninstall button. You can delete it by going to Program Manager.
This is very rare but new to the forex marketplace. There are a few brokers who cheat with their client’s funds. They use or move the funds without the client’s permission. Max Options is one of this broker, and there is a community outcry because of it. Just leave the broker.
Max Options cheats on its clients by manipulating the bid and ask spread. The spreads of a currency pair usually range from 1-3 Pips. However, in a controlled market, these pips can go as high as 6-8. In worst conditions, these can go up to 10 pips.
Max Options manipulates the price during high volatile conditions. This promises maximum profit for the broker.
Max Options is a Fraud. It blocks your payment and plays with your funds without even asking for your permission. This is one of the worst cases we have ever seen. Therefore, we are not going to recommend this broker to anyone ever. There are many other reliable brokers you should try. Don’t lose your heart if you lost with one broker. There are many fruitful options still left in the market.