Peakoptions24 is an unregulated binary options broker that claims to be the “number 1 bitcoin investment” website with high payouts of 81% on binary options contracts. Peakoptions24 has recently made news due to the official warning issued against them by the Canadian securities regulator British Columbia Securities Commission (BCSC).
So, does this mean Peakoptions24 is a scam? Read all you need to know below.
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There are four different account types available for Peakoptions24 traders to choose from. The accounts listed on their website are incredibly limited in information, with absolutely no mention of trading conditions. This not only deprives users from basic information that is crucial when deciding whether to trade with a broker or not, but shows complete lack of transparency on the broker’s part.
Instead, by using vague terms like “low trade rate” and “low risk management”, Peakoptions24 aims to get away with that lack of information.
Check out all the information available for each account below.
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As mentioned above, the Peakoptions24 website is incredibly vague. They mention traders will gain access to 24 available options through their web-based platform. Apparently, this platform is also advertised to be “fully automated”, which they claim leaves little room for human error. Now, it is unclear what they mean exactly by this, but we can assume they are referring to an auto-trading system – which has its problems.
Complete auto-trading systems that place trades on your behalf are not recommended by regulators, as they are not seen to be in traders’ interest. The best way to go is with online software that provides you with automated signals to help you easily make trades, like FXMasterBot.
Now, besides giving no information to potential investors about trading conditions, the platform, assets or company, the website itself appears to have grammatical errors. All these of course, are signs of a completely unprofessional company that lacks transparency and basic information.
In addition to all the issues mentioned above, their immediate promise of 81% returns of profit are the final straw that proves this company is a scam. No broker can ever predict results, because all trading entails some risk and results can depend on various factors. Any broker that claims to give you huge returns of investment immediately, should not be trusted.
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You can reach the Peakoptions24 customer support team via email, live chat or the phone number provided at the bottom of their website. They appear to links to social media profiles as well, but no such profiles were found.
Peakoptions24 also has a very short FAQ section available, that is incredibly limited (no surprise there) and does not provide any extra, useful information.
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In the pool of ambiguity that is the Peakoptions24 website, we were not surprised to discover that there is no mention of the actual company behind this broker. The only address provided is a physical address in New York, which we doubt is real.
As for payment methods, Peakoptions24 accepts deposits in bitcoin, Western Union, Money Gram and Perfect Money.
Warning: Do not deposit any money with this broker.
As you have probably realized by now, Peakoptions24 is a scam – and not a good one. The broker makes no effort to even appear legitimate to investors, through their incredibly vague website, fake promises and lack of any type of regulation. The BCSC was made aware of this scam, which is why they issued the warning mentioned in the beginning.
Check out our list of the best forex and CFD brokers that you can trust.
We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!
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