CloseOption Review – Is Investing in CloseOption Safe?
About CloseOption
CloseOption (closeoption.com) is an international broker, offering binary options trade to many people picking that as their line of popular trading. They claim to be licensed in Georgia under license number D86708031; moreover, they also say that the brokerage business is regulated by the National Bank of Georgia. But it must be noted that Georgia does not have any legal structure governing forex trading at all. Thus, all such activities raise the questions of Close Option’s credibility. CloseOption Review highlights serious concerns about the broker’s operations and regulatory status.
Company Name – CloseOption
CloseOption Website – https://www.closeoption.com/
Address – Vake-saburtalo district, Al Kazvegi ave. N41 Apt.N19, Tbilisi, Georgia
Regulatory Warning – Not Recommended By Review Website Like Scams Reports
Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
Lack of Regulation and Security Risks
Despite its claims, CloseOption is not regulated by any major financial authority. This means traders’ funds are not protected under any legal regulations. Numerous traders have complained about difficulties withdrawing money, pointing to lengthy verification procedures and rejected documents.
Negative Customer Experiences
There have been a few users on Trustpilot who have complained about their annoying experience with closeoption.com. Many of them assert that withdrawals are continuously rejected for no apparent reason, and even after submitting the required documents, their money remains locked. A few have even been threatened by the company for writing negative feedback. Traders have also indicated the absence of necessary technical indicators such as SMA, EMA, and RSI on the platform, rendering trading complicated.
Based on numerous complaints and its lack of regulation, CloseOption Review strongly advises traders to exercise caution. The platform may look appealing, but its history of withdrawal issues and unverified claims raise red flags. It’s advisable to consider more reliable, regulated brokers.
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How to Stay Safe?
- Research any investment platform thoroughly before depositing funds.
- Check the licensing at the official regulatory website.
- Watch out for websites offering high returns without any risk involved.
- Do not share sensitive personal or banking details with unverified entities.
- Report fraud cases promptly to financial authorities in case the suspect fraud happens.
What to Do If You Suspect a Scam?
Take the following steps if you have been scammed by CloseOption:
- Contact Your Bank or Payment Service Provider: If you used a credit card or any other banking method to pay, then you can make a chargeback at the bank or the service provider.
- Collect Your Evidence: Keep all the records including transaction details, emails, and any form of communication you had with the platform.
- Report the Incident: Contact your country’s financial regulatory department and law enforcement.
- Get Expert Help: Professionals of Scams Report can help trace the stolen funds and further discuss recovery options.
Fill out the form above to connect with experts. Act fast—time matters when recovering funds.
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Note: The information provided in the above CloseOption review is derived from existing web closeoption.com reviews. Please be aware that we cannot be held liable for any legal action taken by CloseOption company. If you have any inquiries or concerns, kindly reach out to us via email at admin@scamsreport.net.
