Hyperoptionfx – Are They Secure?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
Hyperoptionfx - DO NOT TRADE WITH THIS PROVIDER
2.4/10
$100
Minimum Depositupdated 2020
Hyperoptionfx states to be located in Houston Texas and claims to be registered and operating legally in the UK back in 2003. Despite that, no information was found within the database of FCA, the British Regulatory Agency. A search of Hyperoptionfx in the FCA’s registers yielded nothing. It means that the broker is making only empty and false claims about their regulatory status. The only thing you will be able to find out about Hyperoptionfx is some enterprise with the name of Capex Financials Ltd, which also seems to be equally obscure.
Try these regulated brokers if you want to start trading cryptocurrencies
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: https://hyperoptionfx.com/
Founded: 2003
Regulations: Unregulated
Languages: English
Deposit Methods: Perfect Money, Payeer, Bitcoin, and Ethereum
Minimum Deposit: $250
Free Demo Account: None
Number of Assets: None
Types of Assets: None
Trading Accounts and Conditions
There isn’t any mention of the trading accounts and conditions on their website. The core of this broker’s business is a partnership program, which is actually an MLM scheme.
Hyperoptionfx – Advantages
There are no advantages offered by Hyperoptionfx to its clients.
Hyperoptionfx – Disadvantages
-
An Unregulated Enterprise
Hyperoptionfx states to be located in Houston Texas and claims to be registered and operating legally in the UK back in 2003. Despite that, no information was found within the database of FCA, the British Regulatory Agency. A search of Hyperoptionfx in the FCA’s registers yielded nothing. It means that the broker is making only empty and false claims about their regulatory status. The only thing you will be able to find out about Hyperoptionfx is some enterprise with the name of Capex Financials Ltd, which also seems to be equally obscure.
Secondly, being licensed by FCA in the UK is not an easy task. For registering with FCA one must have 730,000 EUR with their name, keep the customer’s account segregated, engage in guarantee funds, and many other strict requirements that are difficult to comply with. This is because the broker is not offering any protections for clients and provides no guarantees or proof of their legitimacy. Hence, it is always recommended to avoid unlicensed forex brokers at all costs.
As a result, we can conclude that Hyperoptionfx is a totally anonymous entity operating without any supervisory authority solely in its own direction as no legal information was found about its regulatory status neither on its official website nor anywhere else.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
-
Dysfunctional Website
Hyperoptionfx promises its clients guaranteed profits. Having said that, how can a broker promise guaranteed returns whose website is absolutely ridiculous. You will not be able to create an account even. In fact, there is nothing that this broker can provide to the clients because their whole website’s interface is non-functional. At least according to Hyperoptionfx, they have been running a successful venture since 2004, so how it is possible that they did not even once consider hiring an expert to create a better UI for their website during these 16 years.
-
Insufficient Important Information and Legal Documents
Hyperoptionfx has not disclosed under what trading conditions (Leverage and spread values) it is executing the trading activities either. Likewise, there are no details mentioned about the minimum withdrawal amount and withdrawal fee, dormant account policy, and a fee of inactive account. Hence, it is the business model followed by suspicious brokers where they make money out of unfair clauses.
Over and above that, the terms and conditions documents of their website are also not accessible. Of course having no access to the legal document, which is of most vital importance is a huge red flag for Hyperoptionfx.
-
False Claims About Investment and Return
Hyperoptionfx is one of those disreputable brokers who only make false and empty claims. This broker also claims to offer risk-free investments and cryptocurrency mining on a very short-term contract named tariff plan. It is a clear shady deal because no reputable legit broker is going to offer such risk-free investment plans.
Secondly, the broker is promising a guarantee of 350% returns each week. If you notice here that if, any broker can make such impossible returns in a single week why would they ask others to deposit money? Why not they cut the middleman and make such huge profits themselves.
-
Lies About the Trading Platform
Hyperoptionfx does not state to offer a conventional trading platform like MT4 or MT5 anywhere on its official website. Since you will not be able to create even an account on their website and does not let you trade, it is suspected that they do not offer a platform at all.
-
Risky Payment Methods
Hyperoptionfx accepts a wide variety of funding methods including Western Union, MoneyGram, Perfect Money, Payeer, Bitcoin, and Ethereum. Nonetheless, these all funding methods have one thing in common: they are final and non-refundable transactions. This seems like a deliberate choice by the broker so that the clients cannot file a chargeback. In fact, the only thing that is properly functioning on their website is the deposit system.
-
Fraudulent Withdrawal Scheme
Hyperoptionfx has imposed a condition in their withdrawal clause that investors can only withdraw their funds in bitcoin, which is a great inconvenience for investors. This shows the falseness of the broker, as true legit brokers never limit customers in such a manner.
Conclusion
Hyperoptionfx is actually a very interesting dodgy enterprise that claims to be a broker that does the trading instead of an investor, letting the client sit back and enjoy the growing profits. That said if you notice their claimed model is entirely impossible. How can the broker be so sure that you will be turning up the profits? Whereas, all legit and authentic brokers report that 70% of the trading transactions result in partial or full loss. Added to that, the broker lies about their regulation and claims to offer risk-free investment and returns while actually having none of them.
For the reasons mentioned above, it is advised to you that you do not ever trust such anonymous, suspicious, and mistrustful forex brokers. Your valuable funds are not safe with them. You can, however, choose regulated brokers with licenses coming from renowned regulatory authorities. Today, the best and safest regulatory bodies come from the following countries: USA, UK, Australia. Check whether your chosen broker is under the jurisdiction of these countries, and when you have confirmed they are, you’re in good hands.
Hyperoptionfx
Pros
- None
Cons
- An unregulated enterprise
- Dysfunctional website
- Insufficient important information and legal documents
- False claims about investment and returns
- Lies about the trading platform
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
eToro is a multi-asset platform which offers CFD and non CFD products. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.