Is UKOptions a Scam

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UKOptions

Broker Name: UKOptions
Platform: SpotOption
Founded: 2020
Bonus: 100%
Return/Refund: 70-82%/0-5%
No. Of Assets: 70
Regulated: No
Demo Account: No
Minimum Deposit: 250
US Traders: Not Accepted

UKOptions Review

Editor’s Note – Why Does UKOptions Suck in 50 Words

UKOptions might suck because it is just one more of hundreds of SpotOptions white labels. This one is based in the UK but so what? There are at least a dozen of other SpotOption white labels out there that are (1)CySEC regulated and (2)come with years of history, and(3) bring something extra to the table. I didn’t find one thing here that you can’t get somewhere else, and a couple things you can’t find here that maybe you should.

Why Doesn’t UKOptions Suck in 50 Words

Once again, this broker might not suck because it is a SpotOption white label… SpotOption is one of my favorite platforms simply because of the vast array of expiry choices available, and a huge asset list, and all the top forms of trading binary.

Full Review Of UKOptions – Just Another “British” Face In The Crowd

UKOptions is a SpotOption white label operating in the UK. The broker is operated by WorldWideTech Limited and built on the Spot2 platform. This platform is a slightly more advanced than its predecessor and has the most available features, the trick is finding a broker that uses them all. UKOptions does a pretty good job but like I said before, you can find all of this stuff on at least a dozen CySEC brokers if not more. The platform supports the full run of SpotOption options including high/low, 60 seconds, one touch, ladders, pairs and long term expiry. High/low is the standard digital binary options and encompasses the short term 60 second options, the standard daily expiry as well as the long term expiry. One touch options require the asset to touch target price levels only once while ladders and pairs are a little more advanced.

Ladder options differ from standard binary in that they come with set strike prices, not the assets price at the time in which you enter into a trade. This means that there are at-the-money options, in-the-money options and out-of-the-money options, creating multiple opportunities for trading. Traders pick whether the asset will close above or below the strike at expiration with those options farther out of the money paying a higher return. Pairs are another advanced form of trading and are similar to forex. Two stocks, or indices, or commodities or a combination of any, are tracked together. Traders bet on whether one will outperform the other during the life of the option.

The asset list is ridiculously long, like with all SpotOption brokers. There are dozens of forex pairs, at least a hundred stock names, indices from around the world and the most commonly traded commodities. These pair up with the excellent choices of expiry available with this platform which include short term options ranging from 60 seconds to 5 minutes, to one hour, end of the day, end of the next day, end of the week, next week, end of the month and on out for up to 6 months or more for some assets. Payouts range from 70% to 85% for standard high/low trading and up well over 100% and more for ladders and touch options.

Is UKOptions A Scam?

Yes, UKOptions are likely a scam and must be avoided at all costs.

UKOptions Complaints

Most of what I could find in the way of UKoptions complaints/comments looked more like affiliate marketing BS to me than anything else. I didn’t find any real serious complaints but as the broker is still relatively new and unknown that is not too surprising. I will be checking back with this one in a few months just to to be sure.

UKOptions Bonuses

Bonuses are available with this broker. They have a 40X trade volume minimum, on the bonus amount only, and some time restrictions as well, depending on which bonus you get. They offer first time deposit bonuses as well as risk-free-trades and other incentives. Unlike most CySEC brokers, this one does not permit withdrawal of any amount until the entire bonus terms have been met.

UKOptions Withdrawal

Withdrawals are standard for the industry. The allow withdrawal to credit card, wire transfers and with eWallets. Supported eWallets include Skrill, Neteller, CashU and others. There are not withdrawals fees for credit cards or eWallets but each wire will cost you $25. Minimum for withdrawal is $100.

UKOptions Ratings

User Friendly 17/20

This broker gets a decent score for user friendliness, not because they do such a great job, but because the platform they are based on does such a great job. SpotOption is a very user friendly platform and one that is easy to use. I wonder… Why do they need more than 1 language if they’re tagged as UKOptions?

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No of Assets And Expiry Times 17/20

Again, a high score but not because they earned it on their own. SpotOptions has one of the largest lists of assets, the most different types of trading styles and the most versatile expiry. If this were the only thing to base a broker by UKOptions would be top notch…too bad it isn’t. There are about 70-80 assets, time frames from 30 seconds to 300 minutes. Not enough longer expiries.

Commissions, Support and Effective Returns 12/20

Not such a good score here. This is a white label and dependent on the same customer services as all the other SpotOptions white labels out there. Commissions are non-existent, as with all binary brokers, and effective returns are only average at best. Support never found a time to take care of me, too bad. High/low trades run in the range of 70%(low) to 82%(average). No out-of-money refund, although I see some kind of “protected amount” thing.

Deposit, Payment and Bonus 17/20

Average here as well. They accept CC, wire and eWallet but still take up to 10 days to pay out. Minimum deposit is $250, minimum withdrawal is only $100. Bonuses are available and have an average volume minimum, 40X bonus amount. The negative here, in terms of regulated brokers, is that they do not allow any withdrawal until the bonus terms are met.

Website Extra’s 5/20

This one was hard to judge, there are some extra’s here, the platform is good. The thing is it is a white label, there are dozens of brokers with the same features, so is it really extra?

UKOptions Overall Rating: 68/100

UKOptions Review

UKOptions was a binary options broker owned by Smartech Limited, and located at Cedar Hill Crest Villa, St. Vincent & Grenadines. Their phone number in London is +44 203 695 3300 and in South Africa +27 21 300 9800.

Their email address is [email protected], and for trader complaints look here.

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UKOptions Platform Review

While reviewing UK Options, we see that they are using the newest trading platform from SpotOption.

The new platform gives traders the ability to trade Long Term Binary Options, Pairs Trading, Ladder Options, 30 and 60 second options, 2 min., 3min. and 5 min. Options. Also available are weekly and monthly options, plus the Social Trader feature which allows traders to copy other traders trades.

All in all, they have almost 100 different assets available for trading. They also have Forex CFD trading available. Their trading software is currently available in English and Deutsch. They have released their trading app for both Android & iPhone.

The minimum deposit at UKOptions is really only $250, even though their website says a minimum of $1,000.

UKOptions Regulation

When we review a Binary Options Broker to determine if they are a scam broker or a legit broker, we want to know if a regulator like the CySEC in Cyprus gave them a license and if they fall under the MIFId rules in Europe? We also check to see if they are licensed by the Financial Conduct Authority in England.

UKOptions is not a licensed broker.

Traders seeking a licensed broker, should read the reviews of Licensed Brokers here. A smart trader always compares their broker.

Are you currently trading with UKOptions? What are your thoughts? Are they a good broker?

Please leave your review in the comments below.

7 Binary Options

UPDATE (12.01.2020):

We have found out that UKoptions has shut down their operations.

We recommend choosing one of our top binary option brokers instead:

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Try also Binary Option Robot if you are looking for automated binary trading.

Old Review:

Although trading in binary options is both exciting and profitable for the traders, it is a requirement that the traders operate through an intermediary- a binary options broker. It is very unfortunate that some traders discover that a broker is fraud after they have deposited their money with the broker. In some cases, the scam brokers block the trader from withdrawing his or her earnings. At 7binaryoptions, we have done the research for you and are happy to let you know that Ukoptions is not a scam. We have been evaluating this broker for a while, through a careful inspection and using their features and services. As such, we understand how their site works and are confident that that site is not a scam.

Currently, there are no complaints that suggest that the site is a scam. Instead, Ukoptions is a well renowned broker that is straightforward and trusted throughout the world. In addition to being a safe broker, Ukoptions offers one of the best binary options platforms in the world. While choosing the appropriate broker for you, you will come across many brokers, some of whom are malicious and fraud. Such broker websites are out to steal money from potential binary options traders. This is why 7binary options reviews and evaluates the various binary options brokers in the market today to see whether they are scams or not. Based on our inspection results, Ukoptions is not only safe and secure binary options trading platform, but also one of the most advanced trading platforms across the world. Additionally, this broker also offers SpotOptions trading option for binary brokers.

Another aspect that you may use to determine whether a broker is fraud is the withdrawals and deposit options. At Ukoptions, the minimum deposit is 250 currency units and the company offers its traders an array of methods to deposit and withdraw. Additionally, the broker provides comprehensive information on how withdrawals and deposits are handled. You may also spot a scam broker by looking at their website. The scam websites, in most cases, will not have contact information displayed on their websites. This implies that you will not have a way of contacting the customer care department when your withdrawal is blocked. In this regard, Ukoptions has provided a wide array of channels, through which their clients can reach customer care services and get prompt answers to their problems.

Some of the ways through which you can launch a complaint with this broker is by calling the customer care representatives through the various phone numbers displayed on their website. Alternatively, you may also get in touch with them through the live chat option or fill the online form provided on their website. You may also get a quick response by emailing your concerns to the customer care representatives at UKoptions through the provided email address. The numbers, through which you can get in touch with Ukoptions, are provided according to the country of residence of the traders and include numbers for Germany, New Zealand, Canada, Australia, UK and South Africa. This is to indicate that the broker is among the few trusted brokers offering an integrated system and seamless services in the market today.

Complaints Relating to Ukoptions

For you to succeed in trading binary options, you need not to have any prior experience in the trade. As such, it may be said that the choice of broker may partly influence your success in this form of trade. As a matter of fact one of the most difficult parts of succeeding in this form of trade is getting a reputable and trustworthy broker. This is mainly because of the ever increasing number of scam binary options brokers in the industry today. As a new trader in binary options, you should consider opening a trading account with the leading and highly reputable brokers, such as Ukoptions.

Not only is this broker straightforward in its operation, but is also one of the best binary options brokers in the world and offers an outstanding trading environment for its traders. Again, Ukoptions also offers some of the best trading conditions and terms in the industry today. The immense growth of this company has been driven by the desire to always offer their clients the best and quality trading experience, regardless of their experience in trading binary options. As a result of this effort, the company is yet to receive any negative feedback from its customers.

Ukoptions Reward Features

This broker offers an array of reward features for both the old and new traders using their binary options platform. In most cases, such rewards are offered in the form of bonuses and include deposit bonus, investment match bonus, one-time trading credits, risk-free trades, gifts and incentives. To start new traders off in the right footing, the company offers the traders who open new accounts with them a large amount of money, in the form of initial bonus. To further enhance the trading experience in their platform, the company also offers favorable withdrawal conditions. This allows the traders to benefit from the profit they make on the platform, while trading in binary options. Being a consumer centric broker, Ukoptions lays much emphasis on the satisfaction of the traders using their platform to trade in binary options. This may be the main reason why the company has not received any negative review from its customers for the period it has been in operation.

The approach this broker applies in trading binary options is pretty simple and straightforward; educating their customers to become professional traders in binary options in the shortest time possible. In this regard, UKoptions provides the traders with unlimited educational materials on succeeding in binary options on their website. In addition to this, the Ukoptions binary options websites is user friendly as well as easy to understand and navigate. On top of equipping their traders with educational materials, the company also offers a wide array of financial products to place positions on, on their binary options platform.

If you are looking forward to succeeding in binary options, through a reputable broker, you should consider opening a trading account with Ukoptions. Although this broker is not regulated, it is a magnificent broker choice for binary options traders from different parts of the world, including the US. Until now, no negative feedback has been registered fro the company by the traders who use its platform, but has numerous positive feedbacks from its customers.

Is The Broker Regulated?

Although Ukoptions is not a regulated broker, it definitely is an outstanding, safe and trustworthy broker. The broker is popular among binary options traders from across the globe and is among the leading binary options brokers in the world, in regards to safe and secure money transactions and excellent services. Owing to the growing number of scam brokers in the binary options industry, it is okay for any trader to be concerned about the broker he or she is about to use. In this regard, many traders find themselves concerned about the fact that Ukoptions is not a regulated broker.

Well, this should not bother you any more because we have tried and evaluated the broker for a while now and are certain that it is not a scam broker. The fact that a broker is not regulated does not necessarily imply that the broker is a scam; instead, some of the best binary options in the market today are not regulated, Ukoptions being one such broker. Since being regulated implies that leverage restrictions have to be imposed on the broker in question. In this regard, the regulated brokers tend to offer lower spreads, as compared to the unregulated brokers. Ukoptions has chosen not to be regulated in a bid to offer a better trading experience to its traders by offering higher spreads.

Additionally, there are certain regions, in which no regulations are imposed on brokers. In such places, the brokers do not need to be licensed for them to operate. If you happen to reside in such an area, finding a reputable broker that is not regulated is possible. In this regard, you will have to consider various aspects, such as the signals, features and spreads offered by the brokers in the region. Another thing you should check is whether the said broker is white listed on 7binaryoptions. This because we have done all the donkey work for you, in regards to verifying whether various brokers are actually what they claim to be. Binary options brokers that use the advanced SSL encryption happen to be reputable brokers. Ukoptions uses this type of encryption to ensure that all the transactions by the traders into and out of their Ukoptions accounts are safe and secure.

The safety of your funds with the broker is the sole reason why many traders opt for regulated brokers. However, Ukoptions ha proven that it can guarantee the safety of your money, without having to be regulated by any body. Over the years the broker has been in business, it has strived to offer its customers unparalleled and satisfactory services and features. To further win the trust of its trades, Ukoptions has done everything possible to ensue that customer funds are safe and secure. In this regard, the company has provided its customers with multiple methods, through which they can contact customer care and have their problems resolved in the shortest time possible.

Bonuses at UKoptions

Owing to its increasing popularity, as a way of making easy and fast money online, an increasing number of traders are continually investing in binary options. This increased interest in binary options by people across the world is partly because you do not have to be skilled or experienced in binary options fro you to profit from this trade. To make money from this trade, a trader will need to open an account with a reputable broker and follow signs and signals to make the right predictions on the binary options platform or binary option robot. There are various reasons why you should opt for Ukoptions, as your preferred binary options broker. To begin with, the platform offers advanced technology, a safe and secure trading environment and a performing platform for its customers. Again, the company has a rather simple approach to the trade, with a lot to gain for the traders. In addition to the numerous benefits associated with this broker, traders on Ukoptions platform benefit from the various bonuses offered by the company.

At Ukoptions, bonuses a significant component of the promotion program by the broker. The company is very generous when it comes to rewarding their customers with bonuses, with bonuses totaling to $30,000 in some cases. Te various types of bonuses on offer by Ukoptions include deposit match bonuses, investment match bonuses, traditional and initial deposit bonuses, gifts, trading credits and incentives. However, all these bonuses run for a pre-established period and may be altered based on various conditions and variables.

Whether the bonus is cash or non-monetary, it is governed by same terms and conditions. Additionally, the traders have to fulfill certain conditions for them to be in a position to withdraw the funds. For instance, a trader has to trade not less than forty times the value of the initial deposit bonus for him or her to be in a position to withdraw the funds. While this value may appear to be a bit high for some traders, it actually is not. This is mainly because traders make money effortlessly while trading binary options.

When it comes to withdrawing funds from your funds from your Ukoptions account, there are certain terms and conditions that you must meet as well. For example, the trader has to meet the initial contract stipulations for him or her to be able to withdraw from his or her Ukoptions account. If any of the withdrawal terms and conditions is not met, the withdrawal request by a trader will be cancelled by the broker, a short period after it has been initiated.

Demo Accounts at UKoptions

Although Ukoptions is a relatively new company in the binary options industry, it has stood its ground as one of the leading brokers in the world. Over the few years the company has been in business, it has managed to win a large clientele base, comprising o binary options traders who are out to take full advantage of all the excellent features, bonuses and services being offered by the company. Additionally, the company has managed to beat its competitors in the industry in such aspects as seamless and intuitive user interface and the huge bonuses on offer for both the new and existing traders on their platform. However, it is rather unfortunate that the company does not offer demo accounts for new traders who would like to try their services prior to making the initial deposit. However, this does not imply that the company is not concerned about new traders.

One of the ways to test whether a broker offers the services and features it claims to offer is by signing up for a demo account. However, this is no longer the case; there are numerous websites, such as 7binaryoptions, that review the features and services on offer by various brokers and give traders unbiased results. As such, the demo binary options account is not as essential as it used to be before. Ukoptions has a good reputation among its customers and does not need to offer demo accounts to verify this.

Traders also look for demo account in order to sharpen their skills and knowledge on this trade before getting involved in actual trade. This is particularly the case for the new and inexperienced binary options traders. To cater for this need, UKoptions has various features that are specifically designed for the inexperienced traders, rather than offering demo accounts. These features include a complete binary options trading academy on the website that is meant to educate new traders on the various aspects of the trade.

In addition to these educational materials, the broker also has FAQs and glossary sections and publishes various articles on a daily basis to help sharpen the knowledge of their customers in trading binary options successfully. If these are not substantial, traders may also look for free webinars from the more experienced binary options traders on the website. When it comes to binary options brokers, Ukoptions has set itself aside from other brokers across the world, in that it offers high quality and satisfactory features and services to all its customers across the world.

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