72option Review – An Introduction

72option is a new binary options broker that has been in light in the recent months. 72option is headquartered in Bulgaria and is owned and operated by Epic Ventures Limited. However, 72option is not authorized by the local Bulgarian Financial Commission or any other authority, which means it is an unregulated brokerage company. Any unregulated new brokerage company is risky to invest with, hence going through the details and review of the same before investing is a good option.

If you were scammed, please fill this complaint form and our representative will get back to you.

About the 72option:

72options has an interesting new platform to trade from and a wide range of asset index. The trading platform that 72option uses is known as SpotOption which is one of the most popular trading platforms for binary options trading. This platform offers the traders a great wide choice of options that they can trade smoothly at any time. 72option binary trading company is situated in Bulgaria but binary brokers are prohibited in Europe which probably means that the company is working illegally. Clients of this brokerage company can deposit the money through only cards and bank transfer no popular wallet options are available. Minimum amount required to open a new account with the brokerage is $250. Various types of binary options are provided by the broker like high low, pairs, long term, one touch, 60 second, ladder, 5 minutes option and limits.

70option has a smallest trade size of like $5  and it offers its clients a 100% bonus which indicated a scam because its terms and conditions says it has the right to withdraw any scheme without intimating the client. Apart of it, many people have been in trouble while withdrawing their bonuses from their account. 72option is not a licensed broker and British Columbia Securities Commission has been warned traders against the company.

Is 72option legit or scam?

72options broker has been suspected as a scam broker and we do not recommend to trade with them. One of the best feature of creating trust is the regulatory status of a broker and here that feature is missing. Another feature that creates transparency is details about the corporate history and information of the same, that too is missing here. Therefore, it seems to be a scam broker, so don’t risk your money by trading with this broker. Beware and don’t become the prey of these scam brokers who are desperate to gulp your hard earn money.