The Geek’s Option888 Review

Option888 is a good looking broker built on the Tradologic platform. They are owned by Altair Enterntainment NV, located in Gebouw, Curacao and are regulated under gaming license #1668. The license is actually held by a parent company which uses it operate dozens of online gaming sites including but not limited to lottery and jackpot games.

To further confuse would-be traders the registration page claims CySEC regulation under license number 225/14. This license is valid but registered to Pegase Capital Limited, operator of binary brands InteractiveOption and HelloBrokers. Which is true is open to debate but I think the Curacao address is correct and that this is a broker that social traders should avoid.

Option888.com – Not Trusted!
Broker/
Regulated
Leader Board
/Profiles
Copy Trade
/Forum
Min Dep
Bonus
Binary888
Curacao
YES
Limited
YES
NO
$250
35%


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The Geeks Review Of Binary888

This broker is built on the Tradologic Platform which is only OK. The platform supports high/low digital options, touch (boundary), range, 1 touch and what they call Turbo Options. Turbo is the 30, 60 and 90 second options if you hadn’t guessed that yet.

Expiry on the high/low options is also only OK, they have short term intraday and end of day, as well as end of the month and end of next month for longer term traders but nothing in between. The range, one touch and touch options are cool. They pay in excess of 150% and have short term intraday expiry like 30 minutes and 1 hour. Most brokers only let you trade one touch when the market is closed, these are available all day. The asset list is also OK. They have all the usual suspects including forex, commodities, indices and stocks.

Banking With Option888

Banking with this broker kind of sucks too. They only have wire and credit card transfers, no eWallets, with a minimum deposit of $250. Withdrawals take up to 10 days, standard for most binary brokers, and have some safety due to gaming regulation, but don’t outweigh other concerns I have. Bonuses are available upon request, up to $1500, and come with a 30X volume turnover on the bonus amount. VIP accounts are available for high rollers. Benefits include account managers and signals which are likely no benefit at all. In my opinion there are better platforms and better brokers so why waste your time?

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Social Trading At Option888

Option888 and Tradologic have a full blown social trading network. Traders are listed on a leader board and can be filtered by profit rates, success rates and assets. When followed, all trades made by the copied trader are made into your account. Multiple traders can be followed and risk management tools to limit the size of each trade are present. One thing I don’t like though is that they recommend newbies to use 15% management, an outrageously risky figure in my opinion. There is a demo version available too.

2 thoughts on “The Geek’s Option888 Review”

  1. Option888 is a big scam…I invested $7000.00 usd and got $0.00 returns. And I had a Accounts Manager. He took the account up to $12000.00, after I made a withdrawal of $250.00 they wipe all my funds. I will later post proof of the way they rip me off. Don’t invest with this scam.

     Don’t invest with option888 they are professional scamers.

     Stay away they seams like helpful people but they are scams. The account manager took my account from $7000.00 to a $12000.00 then when I withdraw  $250.00 the wipe my account…. I will post more on this site and more site with snap screen shots

  2. Option888 are scammers. Or at least, very, very dubious. Their website now states Novasage Chambers, Samoa as their official address, and people cannot get their money out. Italian CONSOB has put out a warning against them, as has Swiss FINMA. i will not be surprised if they end up in a lawsuit like that of Banc de Binary.

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