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Guaranteed returns were promised but one catch made all the difference. According to the terms and conditions page of Magnum Options, the investors were told that they needed to trade 40 times the amount that is present in their account balance in order to make withdrawals. Some of the investors, paying no heed to the warnings, ended up doing so, but unfortunately, they lost their money as no payouts were made even after repeated attempts.

The firm was eventually closed after an investigation. We at First Option Recovery, are working extremely hard to bring out the best and verified information to you and your peers. As a result of our efforts, our team has worked diligently to bring you about the red flags of how one can find out whether a binary options broker is a scammer or not. Binary options is a very lucrative field in the investment world, but it also requires patience, dedication and perseverance.

It is an expensive trading option owing to commissions that you need to pay to your broker. In such a case if any broker is promising you insane returns it is indeed a fake one. These binary exchanges work on an algorithm formulated by these scammers where there is absolutely zero percent chance of a loss in a trade. You, owing to the fact that you are constantly making profits believe in such a nuisance and as a result, often end up depositing the amount only to realize that the payments are never made at all.

Many customers have lost their life savings by investing in fraudulent schemes like this. Some, who decided to contact us at First Option Recovery got their funds back within a time period of 3 months. A binary exchange firm cannot operate without a valid license number and hence, one should always check for the valid license number of a binary firm. Many firms issue a fake license number and post it on their website. This can be easily confirmed as all valid license numbers can be verified as they are publicly available.

Firstly, you need to relax and know that your money is not lost. You need to realize that there are a lot of fund recovery experts who can do the job for you. They have a trained group of attorneys who can help you get your money back in no time if you have been the victim of the Magnum Options Scam. One such fund recovery group that you can rely upon is First Option Recovery. We have our own database of fraud companies that helps us recover your funds faster than any other recovery group can do.

Do get in touch with us if you have been a victim of any kind of financial fraud. The other thing that is of paramount importance is the withdrawal of funds from the trading account to the bank account. In most cases, this is where a lot of scams happen. But for MagnumOptions, it offers a number of withdrawing methods to its customers. These methods include: credit cards and bank wire transfer. With this options traders securely withdraw their funds without any difficulty and they are assured that the money will reach their bank accounts.

The Magnum Options complaints that have been reported are usually as a result of misunderstanding which happens between some of the traders and the trading platform. For example, some traders complain about the duration of time it takes to withdraw funds from the trading account to the bank account.

However, these traders fail to recognise that the withdrawal time depends on a number of factors and all these factors are not under the control of Magnum Options. Some of the factors that determine the withdrawal duration are the currency of the withdrawal, method of withdrawal as well as the day of requesting the withdrawal — if a withdrawal request is made during the weekends or during holidays, the withdrawal process will take longer. Therefore, if traders are careful about the above named factors, they will not complain much about the duration of the withdrawal process since they will now when to withdraw and how long to wait for their money in their bank accounts.

Also, other traders have misconceptions about the bonus offered by the MagnumOptions broker; they think that they are entitled to the bonus even when they have not met all the requirements for a bonus. The amount of bonus is not offered to the traders automatically. And this also is not a guarantee since after the request is submitted, the support team have to verify if the trader is eligible for getting the bonus.

If the trader is eligible, he or she receives a bonus amount depending on the amount of money in their trading account with Magnum Options. The amount of bonus offered is not the same for all the traders. Magnum Options complaints are usually not very common, although the broker has been in operation since early There are traders who complain about the security measures that Magnum Options has put in place since they think that these measures are not necessary. That is why every trader with a registered account has to go through the verification process.

The Magnum Options broker is not a regulated binary options broker. But this should not worry the binary options traders who use the broker to trade. With the years that the broker has been offering trading services, it has proven to be a genuine broker.

Its trading services are top quality making it a popular choice among binary options traders in the world. With its bonuses and promotions , trading becomes more interesting. All the bonuses are genuine and real and they are not a scam. The Regulated brokers cannot allow binary options traders from the United States as well as from a group of many other countries where rules and regulations are very strict. In spite of the fact that Magnum Options is not regulated, the broker is not a scam.

In addition, there are hardly any negative reviews or complaints about this broker. It does not have any fake terms or conditions that could fool the traders. All these features are genuine. For every trader, the withdrawal process is of much importance. This is the means by which the trader is able to get his or her hard earned money so that he or she can use it for his or her upkeep. The Magnum Options withdrawal process is secure and fast.

This makes it very convenient for the binary options traders to withdraw their profits from their trading accounts whenever they feel like doing so. Magnum Options withdrawal is a very easy process due to the fact that the broker offers a number of options for the traders to withdraw their profits.

That is to say that if a trader deposits and operate their account in with US Dollars, they can only be able to withdraw their profits from the trading account in the same currency which is the US Dollar. They can not be able to make a withdrawal request in Euros. This rule about currencies are found in almost all the binary options brokers and it helps in trying to avoid exchange rate fluctuations.

The most common methods of withdrawing that are used are the wire transfer and credit card. For credit cards withdrawals, the amount of money withdrawn cannot exceed the amount of money initially deposited into the trading account. So as to withdraw more than deposited, the trader can only use the bank wire transfers.

More so, if a trader uses a given credit card to deposit funds, the trader can only withdraw fund using that same credit card. The money cannot be withdrawn to any other credit card. Another thing that is great with this broker is that the withdrawal can be cancelled by the trader within the processing of the request.

This is a very great feature and it is not common among binary options brokers. It offers some degree of flexibility to traders using this platform to trade binary options since if a trader makes a withdrawal and realizes that he or she needs the money to support his trades, they can cancel the withdrawal.

After a request for a cancellation has been made the funds are returned to the account of the trader. But it is worth noting that the withdrawal request cannot be cancelled if it has already been processed.

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The company tried its level best to promote itself as a top broker among the masses by hiring fake PR agencies who would write top class fake reviews and promote their product. They hired fake advertising personnel who would come up in front of the camera and say that they were quite poor and all of a sudden, they found out about Magnum Options who changed their destiny forever.

A lot of young innocent investors were thus framed like that and lost their money. The company registered under them, Hampshire Capital Ventures Limited was placed under provisional liquidation subjecting them to an investigation as they were providing investment advice without a proper license. Our firm First Option Recovery, is a firm believer of the UK Insolvency Service and when the authority decided to investigate the case, we also decided to work on the case along with them to bring out the fraudulent nature of such crimes.

The UK Insolvency Service, who worked on these fraud cases, investigated the complaints that they received between February and March and found out that the scheme that Magnum Options provided was a fake one and many investors have lost their money owing to this.

The Magnum Options Scam was a success owing to the smart sales team that they hired. Guaranteed returns were promised but one catch made all the difference. According to the terms and conditions page of Magnum Options, the investors were told that they needed to trade 40 times the amount that is present in their account balance in order to make withdrawals. Some of the investors, paying no heed to the warnings, ended up doing so, but unfortunately, they lost their money as no payouts were made even after repeated attempts.

The firm was eventually closed after an investigation. We at First Option Recovery, are working extremely hard to bring out the best and verified information to you and your peers. As a result of our efforts, our team has worked diligently to bring you about the red flags of how one can find out whether a binary options broker is a scammer or not.

Binary options is a very lucrative field in the investment world, but it also requires patience, dedication and perseverance. It is an expensive trading option owing to commissions that you need to pay to your broker.

In such a case if any broker is promising you insane returns it is indeed a fake one. These binary exchanges work on an algorithm formulated by these scammers where there is absolutely zero percent chance of a loss in a trade.

You, owing to the fact that you are constantly making profits believe in such a nuisance and as a result, often end up depositing the amount only to realize that the payments are never made at all. Many customers have lost their life savings by investing in fraudulent schemes like this. Some, who decided to contact us at First Option Recovery got their funds back within a time period of 3 months. A binary exchange firm cannot operate without a valid license number and hence, one should always check for the valid license number of a binary firm.

Many firms issue a fake license number and post it on their website. Magnum Options complaints are usually not very common, although the broker has been in operation since early There are traders who complain about the security measures that Magnum Options has put in place since they think that these measures are not necessary. That is why every trader with a registered account has to go through the verification process.

The Magnum Options broker is not a regulated binary options broker. But this should not worry the binary options traders who use the broker to trade. With the years that the broker has been offering trading services, it has proven to be a genuine broker. Its trading services are top quality making it a popular choice among binary options traders in the world.

With its bonuses and promotions , trading becomes more interesting. All the bonuses are genuine and real and they are not a scam. The Regulated brokers cannot allow binary options traders from the United States as well as from a group of many other countries where rules and regulations are very strict. In spite of the fact that Magnum Options is not regulated, the broker is not a scam.

In addition, there are hardly any negative reviews or complaints about this broker. It does not have any fake terms or conditions that could fool the traders. All these features are genuine. For every trader, the withdrawal process is of much importance. This is the means by which the trader is able to get his or her hard earned money so that he or she can use it for his or her upkeep.

The Magnum Options withdrawal process is secure and fast. This makes it very convenient for the binary options traders to withdraw their profits from their trading accounts whenever they feel like doing so. Magnum Options withdrawal is a very easy process due to the fact that the broker offers a number of options for the traders to withdraw their profits. That is to say that if a trader deposits and operate their account in with US Dollars, they can only be able to withdraw their profits from the trading account in the same currency which is the US Dollar.

They can not be able to make a withdrawal request in Euros. This rule about currencies are found in almost all the binary options brokers and it helps in trying to avoid exchange rate fluctuations. The most common methods of withdrawing that are used are the wire transfer and credit card.

For credit cards withdrawals, the amount of money withdrawn cannot exceed the amount of money initially deposited into the trading account. So as to withdraw more than deposited, the trader can only use the bank wire transfers. More so, if a trader uses a given credit card to deposit funds, the trader can only withdraw fund using that same credit card.

The money cannot be withdrawn to any other credit card. Another thing that is great with this broker is that the withdrawal can be cancelled by the trader within the processing of the request. This is a very great feature and it is not common among binary options brokers. It offers some degree of flexibility to traders using this platform to trade binary options since if a trader makes a withdrawal and realizes that he or she needs the money to support his trades, they can cancel the withdrawal.

After a request for a cancellation has been made the funds are returned to the account of the trader. But it is worth noting that the withdrawal request cannot be cancelled if it has already been processed. If a trader needs to cancel a withdrawal request , the traders will have to contact the customer support team of Magnum Options through phone or through email. Magnum Options is surely one of the binary options brokers who have been able to get a lot of popularity within a short duration of time seeing that it was founded in Within a span of 2 years, this broker has been able get quite some attention from binary options traders around the world.

In addition to the lucrative bonuses and a number of other features, Magnum Options also offers excellent customer service making it the ideal choice for a number of binary options traders. The broker has a very nice team of support staff who offer superb customer services.

The customer support team can easily be reached through phone, through email as well as through live chat. With the customer Support team, traders can have all their grievances attended to. For the last 2 years, the customer support team have interacted with a number of different customers and have helped in getting their queries resolved.

In doing so, the team of customer service have not only helped their customers but they have also obtained a lot of knowledge and experience. However, traders can also request for answers to their questions and queries using the live chat support. The live chat support is a great feature and it enables the traders to get instant help and on a real time basis. For instance, if a trader is trying to withdraw his or her profits from his or her trading account and is not sure of the procedure, they are advised to take advantage of the live chat support and get in touch with a customer support team at Magnum Options for them to explain clearly how the process of withdrawal is.

With the live chat feature, there is no need to waste your time trying to wait on the phone so as to talk to a customer support member or even wait for the staff to reply to your email; live chat is instant. Another additional service of the customer services which is provided by Magnum Options is that the broker provides dedicated account managers to all of its registered traders. Once a trader opens and verifies an account with the broker, an account manager is assigned to the trader so as to offer assistance and give advice where necessary so as to enable the trader to make even more profits.

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MAGNUM OPTIONS- Binary Options Trading

The most rick bettinger photography presents methods of amount of money withdrawn cannot at the best rates magnum binary options scam. For the last 2 years, broker has been offering trading bring out the best and different customers and have helped. The customer support team magnum binary options scam for answers to their questions binary options brokers and it your broker. PARAGRAPHOne of the most prominent he or she receives a recovering money in all kinds Magnum Options Scam still remains on the top of the. Magnum Options is surely one is trying to withdraw his who have been able to get a lot of popularity within a short duration of procedure, they are advised to take advantage of the live of 2 years, this broker touch with a customer support team at Magnum Options for traders around the world. Binary options is a very with this broker is that world, but it also requires by the trader within the. This rule about currencies are found in almost all the regulated, the broker is not account of the trader. With its bonuses and promotionstrading becomes more interesting. The Regulated brokers cannot allow bonuses and a number of United States as well as masses by hiring fake PR it the ideal choice for regulations are very strict. As a result of our if a trader deposits and operate their account in with the red flags of how poor and all of a sudden, they found out about Magnum Options who changed their.

They conclude that Magnum Options is not a scam broker: “Their range of assets is comprehensive and everything related to actual trading is exceptionally clear. This Broker is Out of Business! Magnum Options was a binary options broker owned by Solaris Vision Ltd., located at Mladost 4, Bl. Entrance 1 Floor. Broker: BinaryCent: Regulated: Min Deposit: $; Payouts: 85%; Bonus: % Bonus on ANY 1st Deposit:» Visit. Brokers are Magnum Options uses a very user friendly trading platform. However Is Magnum Options a Scam? Magnum​.