Legit Option Traders (weblink Legitoptiontraders.com) claims to be a financial market trading platform, luring investors with the prospect of above average returns on investment (ROI). Upon closer inspection of our review and customer feedback however, one can see that the firm has all the makings of a scam.
Lack of Transparency
Another broker, Legit Option Traders, provides no information about being regulated. Real platforms generally are registered or licensed with financial authorities. Without this information, as well as strict regulation by a reputable body, there is lower confidence the platform can fund the safeguarding of client money.
But there is no word of the actual trading conditions – leverage, spreads, fees. As a result, potential investors have no idea what they’re buying.
Suspicious Operational Practices
One of the hallmarks of scam websites is promising unusually high investment returns. They make exaggerated claims to lure investors in.
Customer service could be improved. Yet many users have nevertheless found themselves backed into a corner.
Others have said they had difficulty withdrawing their money. This is a common practice adopted by scam platforms to keep clients’ money.
Security Concerns
No Secure Payment Processing: It’s unclear if the site uses secure payment methods. Legitimate trading platforms put client security first and clients first responders are satisfied.
Reviews on their website are real. Check multiple sources and if you don’t see a single negative review from anyone, it’s probably because the scam broker scrubs any negative commenter from their page.
Conclusion
Legit Option Traders is almost certainly a fake website that has been set up to fleece investors. These platforms indicate to the global public that they are more focused on scamming would-be customers rather than providing them with a secure, reliable trading platform.
If you’re considering an investment, you should steer well away from Legit Option Traders. Before entrusting money to any financial platform, it’s a good idea to do some legwork on the company.
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