This review explains why Global Option Trading is a scam that you have to avoid in order to not to lose money.
What is Global Option Trading
Global Option Trading claims to be a registered company that is investing in cryptocurrency projects with great returns.
You can choose between four investment plans with returns from 35 to 85%. But the official website does not specify how long it will take for you to get these returns. The minimum deposit is $300.
Global Option Trading supposedly is registered in the United Kingdom and therefore a legit company. But is it?
Global Option Trading scam
Let’s go straight to the point, Global Option Trading is a horrible scam. In this review we prove it.
Global Option Trading claims to be registered in the United Kingdom with the Companies House under the number 11465991. But when you look this number up, you will find that it belongs to a completely different company that has nothing in common with Global Option Trading.
Global Option Trading is abusing the identity of another company and is providing fake information. Which makes it a scam, there is no doubt whatsoever.
Global Option Trading is providing investment services. It will take your money and allegedly invest it to provide you with great returns. Such a business activity requires an authorization from the financial regulator, in the UK it is the Financial Conduct Authority.
But Global Option Trading is not registered as a company, let alone authorized to provide investment services. Therefore it is an illegal investment service punishable by the law.
For investors the important fact is that investment with unregulated companies are not protected whatsoever.
Last but not least, a look at Global Option Trading’s investment plans is also very revealing. Because offering a ROI without specifying the time period shows how suspicious the whole thing is.
In the video that is published on its official website, Global Option Trading claims that they will make you 1000% in a short period of time.
So we have to assume that its advertised 35 – 85% returns are meant daily or maximum weekly. Which is ridiculous, because it is impossible in the real world. No legit investment company can make you tens or hundreds of percent every month. Because nobody can predict the future that accurately, meaning future price movements.
So even without background checking Global Option Trading you can see with its investment plans that it is a total scam.
How Global Option Trading works
Global Option Trading probably started as a Ponzi scheme. Meaning that they were trying to pay people, but they were using newly deposited money to pay older members and their profits.
But that clearly is no longer working, because Global Option Trading does not pay at all. Which is a big problem, because our understanding is that all deposits were made in cryptocurrencies.
And crypto transactions are irreversible, so there is not a simple way to claim your deposit back. The only thing you can do when you were scammed and the payment was made in crypto, is to go to the police and file a complaint.
Global Option Trading review – Conclusion
Global Option Trading is a fake company, an illegal investment program and a scam that is not paying. Stay away from it!
If you are interested in legit investing, you can try a free demo with a regulated broker. With virtual money you will be able to try everything out.
Before deciding about investing real money, please be sure to understand the risks.