Binary options were banned in Europe in 2018 due to many frauds and complaints about brokers. Therefore, when we see a binary options broker, we know nothing good can come out of it. However, we answered all the main questions – who is behind the brokerage, and is AceTradeOptions regulated? Read our AceTradeOptions review and find everything out.
|Regulated by:||No regulation|
|Supported Platforms:||Web trader|
|Types of Assets:||FX, binary options|
Regulation and Security
Since the broker’s website is inactive, we have checked many AceTradeOptions reviews. We were able to see that the broker claims to be owned by B.O. TradeFinancials Ltd from Cyprus. For some reason, many unregulated brokerages are stating the exact same thing – owned by B.O TradeFinancials and regulated by CySEC. Most likely, they found an inactive company in the CySEC register that won’t file any complaints and decided to use it.
After reviewing CySEC’s register, it became clear that the broker is not related to the aforementioned company. It’s an illegal scam brokerage.
Warnings From Financial Regulators
After examining the CySEC register, we found that www.acetradeoptions.com is on the list of unapproved domains. Since the broker claims to be Cyprus-regulated, this regulatory body made clear it’s just a scam. At the same time, CySEC reported another related domain, http://binarytradeplus.com/.
Can I make money with AceTradeOptions?
Despite our personal animosity towards binary options, with some of those companies was possible to make money. Unfortunately, AceTradeOptions is not of those. The broker is completely anonymous. On their website, they tried to mislead clients to believe they are dealing with a CySEC regulated brokerage. More than that, they offered only a web trader for executing trades and the minimum deposit remained hidden. Any regulated company needs to make a clear list of all the fees and commissions you will have to pay, as well as the deposit you’ll be required to make.
Be aware that AceTradeOptions is a scam and report to the broker immediately!
Scammed by AceTradeOptions?
If you fell victim to the AceTradeOptions scam, there is a possibility to get your money back. Based on our experience so far, your chance for a refund is to file a dispute and request a chargeback.
But what is a chargeback? In case you were a victim of an online scam, you have up to 540 days to request a refund to your credit card. Our kind support will guide you through the procedure and assist you.
Contact us via chat immediately!
What is AceTradeOptions?
AceTradeOptions is an unregulated binary options brokerage.
Is AceTradeOptions a scam?
The broker is falsely representing itself as a CySEC regulated company. Based on all of the reviews, we can say it’s running a scheme.
Is AceTradeOptions regulated?
The broker claims to be CySEC regulated. However, after a detailed review, we discovered that it’s actually blacklisted by the Cyprus regulatory body.