ProofOption Review (Proof Option)

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ProofOption Review (Proof Option)

ProofOption is a binary options broker that claims to offer the most generous payouts in the industry. The company boasts of putting together a team of experts in Forex trading, risk management, derivatives, international laws, and regulation to see to it that their clients are satisfied. Proof Option takes pride in ensuring the best customer experience for trades with over 81% binary options contracts. The company is based in Park Ave, New York 10154. The company’s team of experts work on a 24/7 hour basis. As such, for any inquiries, you can reach them on email address: [email protected] and phone number 0555255234.

In this fast moving world, money is undoubtedly ruling the markets. As such, the popularity of binary options brokers has spread far and wide. This has come with its setbacks. Fraudulent brokers have spawned and continued coning people of their hard earned cash. Therefore, this article will help you establish if ProofOption broker is a scam or legit. On that account, I will highlight ProofOption’s features and why it is a possible scam broker.

Demo Account

If you are new in this industry, then you do not have to worry. Investing with ProofOption will see to it that you gain some trading skills from their free demo account. Other than that, their services are fully web-based. As such you do not have to download any software to start trading. The company promises that their website is user-friendly to save time.

The service is fully compatible with the top rated binary options software here at Binary Today.

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Security

The company takes pride in investing in the latest technology that ensures their customers’ information and funds are secure. ProofOption have employed the SSL encryption technology for all card deposits and credit. The company further claims to work day and night to ensure that customers enjoy a safe trading environment and platform. As such they have SSL certificates to prove their efficient security features.

Payments

First, the broker allows both credit and wire bank transactions. The minimum amount allowed for deposits is 200 in your state currency. The maximum amount allowed for deposit is $20,000 when using credit cards and unlimited amount when transacting with banks. On the other hand, for withdrawals, the minimum amount allowed is 100 in your state currency.
Moreover, Proof Option uses swift codes in collaboration with banks during transactions. Swift code is an 8 digit code given by the bank to traders as a security feature.

In addition, the company requires a list of documents to show proof of ownership when depositing and withdrawing including:

  • A copy of credit card (if used)
  • Proof of address
  • A photo of an ID

Bonuses

The company offers a $50USD referral bonus if you make three times the amount of money deposited by the referred person. The minimum amount allowed to earn from referrals is $200USD.

ProofOption, boast of dealing in the most popular currencies today. That is, AUD, USD, GBP, JPY, EUR. Therefore, no matter where you are, you can trade with this company.

So is ProofOption a Reliable Broker?

To start, please note that this review is based on the community’s opinion that is, previous users and our investigation to help you make a sound investment decision.

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Firstly, the company has very low popularity. This shows that they have accumulated very few visitors over the past few years of operation. As a trader, this is a red flag since most legit brokers attract masses to their website.

Secondly, there are no testimonials of successful trading in Poofoptions website. In fact, most testimonials, according to our findings, are of people who claim to have been scammed by the platform. As a result, this raises doubts about the reliability of the company as an investment platform.

Other than that, according to Web of Trust (WOT), a web service used to rank the trustworthiness of websites, ProofOption website has an unknown trustworthiness score. This proves that the company cannot be trusted with your money.

Moreover, the company has 0 social media actions in all its social media platforms. That is, on Facebook, Stumbleupon, Google Plus, Pinterest and Twitter. ProofOption social media activity is demanding according to the named platforms. Given the popularity of binary options in the current generation, a legit binary platform is expected to be popular in Social Media.

In their withdrawal feature, the company allows cancellation of withdrawals. While else it may seem like a good feature, the company goes ahead to promote the action. They encourage one to cancel withdrawals to fund their accounts. This is a red flag; it proves that the company is interested in your money more than your trading needs. If you invest to make money, then there is no point in leaving the money in your account.

Final Verdict

Although ProofOption is a new website and it can be excused for lack of popularity, there is still reason to questions its reliability. Therefore, having explored both sides of the broker option, the company has proved to be a potential scam. In addition, most fraudulent platforms are new in the industry. As such, there is a need to be extra watchful before investing in any broker. Although the Binary Options industry is believed to profit a good number of traders, it is not a get rich quick scheme. Therefore, investing your money is not a guarantee of profits.

Support

WHAT SHOULD I DO IF I HAVE FORGOTTEN MY PASSWORD?
If you have forgotten or misplaced your password, simply click on ‘Forgot Password’ and we will issue you a new password
For further assistance, please contact us via email at [email protected] or call us at one of our brokerage offices.

HOW CAN I UPDATE MY PERSONAL DETAILS?
You can update the information via “Accounting Profile” » “Personal Details”. You can also contact us by support: [email protected]

HOW CAN I CONTACT YOU?
Feel free to contact us via e-mail [email protected] or telephone.

Proofoption is one of the leading binary options broker in the industry. With the top most comparable payouts on binary option contracts, promising the most generous payout in the industry..

Park Ave, New York 10154

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Our Payment Gateways
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Trading

HOW CAN I INVEST AT PROOFOPTION?
In order to invest, you are required to either “Call” or “Put” regarding a particular option as listed within the underlying assets. Clicking on the “Call” or “Put” button will open an investment sheet in the same box. In this box, you will be asked how much you want to invest. Then you just have to click to complete the trade. Any selection can be canceled by clicking on the “cancel” at any time prior to the approval of the transaction.

* Please note that the market rate keeps updating in real time on the investment sheet.

WHAT ARE THE RATES DISPLAYED IN THE TRADING BOXES?
The rates you see pictured in the various trading boxes are the quoted market prices of the underlying assets. The rate is a live feed directly taken from Reuters and adapted using Proofoption’s own algorithms. The rates presented in the trading boxes via our home page are those at which Proofoption will sell investors the listed options.

WHAT IS THE EXPIRATION RATE?
The expiration rate is the future level of the underlying asset at the time that the asset is set to expire as provided by Reuters. This is the time in which the trader will see whether or not his or her option expired “in the money” or “out of the money”. Different expiration rates are determined for each separate underlying asset.

WHAT IS THE EXPIRATION RATE?
The expiration rate is the future level of the underlying asset at the time that the asset is set to expire as provided by Reuters. This is the time in which the trader will see whether or not his or her option expired “in the money” or “out of the money”. Different expiration rates are determined for each separate underlying asset.

WHAT IS THE EXPIRATION TIME?
Expiration times are listed as the exact time and date for the expiry of the option.

WHY DO THE RATES CONTINUE TO CHANGE BEFORE I MAKE A DECISION?
Proofoption deals are dependent on the markets, which are dynamic and change all the time. The fluctuations in the market, in currency rates, and in other parameters, affect our fully automated pricing engine. This is why rates and premiums may change all the time. For your convenience, we developed the currency rates table which displays market data in real time and can give you an indication as to whether the rates are going up or down. When the rates in the bar are green it means they went up since the last update, when they are red it means they went down since the last update.

WHY AM I NOT ABLE TO MAKE A TRADE?
A few possible reasons may be inhibiting your trade:

  1. Proofoption’s assets are available only during the trading hours of the market. Apart from the market’s trading hours, assets will not be displayed on Proofoption.
  2. It’s also possible that there is a lack of sufficient investment funds in your Proofoption account. Should this be the cause, simply deposit funds by clicking ‘Deposit’ once you are logged in to your account.
  3. If you are still experiencing difficulties making a trade, please contact us via email at: [email protected] or through our customer service phone numbers in your region.

WHAT IS ‘ROLLOVER’?
Rollover is a prevailing and popular stop-loss strategy that allows investors to postpone the expiration time of their current trade(s). If it appears that the market is not going in the favorable direction you thought it would, just use the Rollover feature to give yourself extra time for the market to change its trends. It will allow you to get back on the proper investment track. Here you have another added opportunity to capitalize on your investment.

  • Delay the option’s expiration time
  • Take advantage of a commanding stop-loss strategy
  • Receive 30% higher returns once the option expires in your favor for an extra 30% on the investment
  • Turn a loss into an instant win while you control the clock
  • Rollovers are available up to 10 minutes prior to the expiration time

* Rollover can be applied just once per option trade

* Rollovers cannot be used for the end of the day trades.

WHAT IS ‘DOUBLE UP’?
If you are close to your expiry time, and you think that the direction you predicted is on a roll, then you have the chance to “do it again” by clicking on Double Up. By doing this, you can create a new trade with the same conditions, for the current price of the asset. In a nutshell, when things look good, Double Up gives you the opportunity to increase your investment and thus, double your profits.

Double Up Benefits:

  1. Increase your investment on open positions
  2. Make double the profit on expiry
  3. Immediately capitalize on a strong position

WHAT IS A ‘CALL OPTION’?
‘Call Options’ provide the trader with an immediate profit when the underlying asset jumps in value relative to its purchase price. Should the particular option expire at exactly the same purchase price, 100% of the original investment amount will be returned to the trader’s Proofoption account.

WHAT IS A ‘PUT OPTION’?
‘Put Options’ provide the trader with an immediate profit when the underlying asset drops in value relative to its purchase price. Should the particular option expire at exactly the same purchase price, 100% of the original investment amount will be returned to the trader’s Proofoption account.

Best Binary Options Brokers 2020:
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    BINARIUM

    Top Binary Options Broker 2020!
    Best For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-Up Bonus Now:

  • BINOMO
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    Only For Experienced Traders.

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