21stOptions Review Is 21stoptions.com A Scam

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

21stOptions Review: Is 21stoptions.com A Scam?

21stoptions.com Review: this is the website of a broker that alleges to be located in Luxembourg. Is it safe to trade with 21stOptions or not? Read this revealing review to find out important details about this Forex trading company.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

HAVE YOU BEEN SCAMMED? If you have lost your money to online scammers, there is an opportunity you could get back your money.

Click HERE to start the recovery process

On the “About us” page, the broker claims to be headquartered in Luxembourg and licensed by the CSSF. The Commission de Surveillance du Secteur Financier (CSSF) is the trade regulator in Luxembourg in truth. But the commission does not license or permit 21stOptions Ltd to trade in the region. Instead what we find is a warning against it.

Trading with a Forex broker that is unlicensed poses many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well. Unlicensed brokerages are not under any rules of traders and this puts traders in more risk than they will be in if they had chosen properly licensed ones.

Advantages of 21stOptions

The broker claims to offer CFDs and forex along with many trading options and instruments. Order executions are said to be lightning-fast and the minimum deposit is quite low and affordable. Trading platforms are both web-based and available on mobile for easy access to accounts.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

21stOptions Trading Platform

The trading platform used by clients of 21st Options is not a MetaTrader. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android.

Tools that come with these trading platforms are also found to be useful for traders. It has proven to be user-friendly as well and helps traders in analyzing the market easily.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

Trading instruments offered to traders are 80+ forex currency pairs, shares, cryptocurrencies, indices, and other commodities. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

The maximum leverage offered to clients is not stated and while some may seem generous, they are not advised. High leverages can lead to a huge loss of funds as well. Spreads are not disclosed.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on 21stOptions

The means of making deposits and withdrawals with this broker are not listed. We do not feel assured by these missing transaction options because standard and legit brokers make deposits and withdrawals available via Visa, MasterCard, and Wire Transfer. Many offer e-wallets like Skrill, Neteller, UnionPay, FasaPay, and so on.

A minimum deposit of $50 and this is within the obtainable average of $100 to $250 usually required by many other brokers. Withdrawal fees are not mentioned and this may be because they do not apply. However, we will appreciate it if this is stated.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is 21stOptions Licensed?

No. 21stOptions is not a properly licensed and registered broker. The CSSF does not list it among regulated brokers in Luxembourg.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Blacklisted in Luxembourg

Like we have mentioned in the opening, rather than being regulated by the authorities in the region, we found that the broker is blacklisted.

Residents are warned to avoid the firm as it uses fraudulent details on its website.

Support

To contact the broker or the customer support service, dial +19093283392 0r send an email to [email protected]

Conclusion

21stOptions is rated low because of the disturbing things found about it, namely; the lack of license and blacklisting. It does not offer access to the popular MetaTrader platform as well and gives no clear information on leverages and spreads. But it requires an affordable minimum deposit and the trading instruments offered are encouraging.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

21stOptions Review: Is 21stoptions.com A Scam?

After doing some research, we found out that a lot of traders are reporting 21stOptions and writting bad reviews about it.
It seems like they are not happy about it and they warn others not to trade with them.

It’s always important to know what other traders are thiking about a broker before using it and we can say that they are not saying good things about 21stOptions.

What do regulators say about 21stOptions ?

This is the most important thing you need to know about a broker before using it. Is 21stOptions regulated ? Is it an offshore company ?

Most brokers are unregulated or regulated by an offshore regulation authority which won’t help you in case of problem. Keep in mind that if a broker steal your funds, you won’t be able to complaint about it unless they are licensed by a serious regulator such as the CySEC (Cyprus Securities and Exchange Commission).

An unregulated broker is clearly not authorized to operate in any regulated country and you should definitely not put any money into it.

21stOptions is an unregulated broker owned by 21stOptions Ltd and located at 51 Boulevard Grande-Duchesse Charlotte, 1330 Luxembourg.

They can be contacted by phone at this number : +19093283392 or you can send an email to [email protected]

You should definitely avoid any unregulated or offshore broker and 21stOptions is one of them.

Have you been Scammed by 21stOptions ?

Have you been victim of this company ? Did you lose money with them ? Everyone does mistakes. Don’t worry, you are not alone, and we are here to help you.

Our team of experts is available 24/7 in order to help you recovering your hard-earned money.
After asking you some questions, they will be able to build a chargeback case to fight the broker and get your money back as soon as possible.

Chargeback is the solution

As we said before, the good news is that there is a solution and it’s called a Chargeback.
But what is a Chargeback ?
A Chargeback is the retroactive cancellation and refund of a charge made using your credit card.

Not a lot of people know that, but there is a high probability of getting your money back when you build a Chargeback case as long as it is built correctly from the beginning to the end.

Using a chargeback service like MyChargeBack may be the only way to build a correct Chargeback case in order to get your money back as fast as possible.

Get your money back NOW !

Fill out the form below and get a FREE consultation today

21stOptions Review – is it scam or safe?

Trading Accounts and Conditions

Trading account Min. deposit Max. leverage Spread
Starter $250 N/A N/A
Silver $1 000 N/A N/A
Gold $2 000 N/A N/A

21stOptions presents itself as a multinational fin-tech company offering online trading services that is based in Luxembourg. The broker appears to offer three account types, which are only visible after sign up.

If you are wondering whether it is a good idea to try out some of these trading accounts, make sure you read this review first. We have major concerns regarding this investment provider.

21stOptions Advantages

We usually try to be objective and list both the strong and weak sides of any brokerage. Yet, in the case of 21stOptions, we could not find anything to fill out this section with.

21stOptions Disadvantages

False claims of regulation, blacklisted by the CSSF

The broker says it owned and operated by 21stOptions Ltd, a company headquartered in Luxembourg, and claims to be regulated by the Commission de Surveillance du Secteur Financier (CSSF).

Click on the image to zoom in.

Unfortunately, this claim turned out to be false. What is worse, we found out that the CSSF has warned investors that 21stOptions is unknown to it and that the broker has not been granted any authorization to provide investment services or other financial services in or from Luxembourg.

In other words, the broker is not licensed, and publishes deceptive information on its website, in an attempt to mislead investors.

Zero clarity on trading conditions

21stOptions’ website lacks information on the most important details of its offer, such as the reference spreads, maximum leverage levels provided (if any), etc. Free testing service is also unavailable, so we can safely conclude that the broker is not transparent with its services and pricing, which is very typical of scam brokers.

No real trading platform

We opened a real account with 21stOptions (without depositing any money) in order to get some more information on its offer.

Click on the image to zoom in.

As you can see from the above image, this is not a real trading platform, but only a dashboard to propel the illusion. This inclines us to suspect that 21stOptions doesn’t support any trading platform whatsoever, only aims at receiving deposits from clients that are unaware of its ill-minded intentions.

That being said, most forex brokers use the MetaTrader4 or its most recent version, the MetaTrader5. Both platforms have great charting, offer automated trading, and are reliable and user-friendly.

As we went to the broker’s Terms and Conditions, we spotted some rather disturbing provisions. It seems that 21stOptions reserves the right to impose withdrawal limits and withdrawal fees at any time, which is not a common practice.

We should also note that this broker accepts only cryptocurrencies as payment methods.

Conclusion

Overall, we are almost certain 21stOptions is a scam broker, as they are not licensed, and provide misleading regulatory information. On top of that, there is zero transparency on the broker’s services, trading conditions, and it seems as if traders are not even offered a real trading platform.

As always, we advise investors to deal only with licensed brokers and to check whether the they are really regulated in the respective jurisdictions. For example, prestigious regulatory agencies, such as the FCA and CySEC, require compliance with a number of strict rules that give significant assurance for the security of the clients funds. Also, it is a good idea to do a due diligence check before you deposit and google the broker name to see whether there have been warnings against it or user complaints.

And finally, here are the highlights of the present review of 21stOptions:

Pros Cons
None False claims of regulation, blacklisted by the CSSF
Zero clarity on trading conditions
No trading platform
Withdrawal limits
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

Like this post? Please share to your friends:
Binary Options Trading Wiki
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: