Is BitOption Trade a Good Broker or a Scam?
When regulators warn outright that something that claims to be a financial service is nothing more than a Ponzi scheme, that is a good indication to stay away. You may have heard the term “Ponzi scheme” from the infamous Bernie Madoff scandal. The idea behind these operations is that customer withdrawals are funded by customer deposits–meaning no actual trading is going on. Funny, since BitOption Trade claims its clients will see a 350% return monthly and can even quit their day jobs.
We Have Some Concerns with BitOption Trade
Unrealistic claims are so common with scam brokers that they might as well be considered as red flags. Fraudulent services cover up the fact that they have no license or track record of success by making impossible guarantees. Don’t be taken in–avoid BitOption Trade and any other broker that has no license. BitOption Trade is the example of a broker that preys on vulnerable and desperate people, promises them fast money, but delivers nothing.
BitOption Trade Red Flags
- No license
- No transparency
- Exaggerated promises of returns
- Bad reviews
Lost Money to BitOption Trade? Talk to Us!
Our experts understand brokers–reliable ones and scam operations. We have researched brokers and have created these reviews to help consumers make the right choice for trading. We recommend that you avoid Midea Investment and instead find a reliable and licensed broker. If you have lost money to this broker, contact us and we will help you locate your funds.
