GOptions is a binary options broker that is in the business since 2009. It’s a legit broker and while most people know this some still ask me the question whether GOptions is a scam or not.
I’ll be upfront and will tell you right in the beginning that I do not think GOptions is a scam.
As strange as it might sound, there aren’t that many complaints regarding GOptions. I’m saying that this is strange because pretty much every broker has some complaints even though the broker in question is completely legit.
The few number of complaints that refer to GOptions seems to have been made by traders who simply lost their money by not making the correct choices when investing. Sometimes people like this go on public forums and claim that GOptions is a scam, even though they lost their investment without GOption’s fault.
GOptions withdrawal complaints
There doesn’t seem to be complaints regarding withdrawal issues at GOptions. This is simply because GOptions is pretty much the only broker on existence that offers same day withdrawals. No other broker in the business has anything like this.
GOptions offers same day withdrawals because it requires new traders to validate their accounts a week after their opening. In order to validate an account traders will have to provide proof of identity such as a utility bill or ID card scan. For this reason, GOptions does not have to verify traders’ accounts when a withdrawal is made later.
Other brokers also require traders to verify their identity however they require this when traders make their first withdrawal. This is the reason why at most other brokers it can take up to 1-2 weeks (and in some cases even more) to get a withdrawal processed.
So, I really think that GOptions has the best payment processing service in the binary business at this moment. It’s obvious to me that GOptions is not a scam. This broker really takes that extra step to ensure traders are being offered the best services possible.
GOptions bonus issues
Some people claim that even so the do not get their withdrawals honored by the broker. I’ve looked into this and discovered that it’s due to the fact that these traders have not read the broker’s terms and conditions when they registered their account.
GOptions, like most other brokers offer first deposit bonuses to their traders. In order to prevent people from signing up and then simply cash out the bonus, brokers have certain terms and conditions that require traders to invest their bonus money and deposit an X amount of time before a withdrawal is permitted.
However, some people do not read these terms and conditions and then after they accept the bonus they accidentally lock in their deposits. These traders (not being aware of the bonus requirements) think that GOptions has scammed them.
Like I say several times, only accept a bonus at any broker if you know what you are doing.
Si, like I said above, I’m 100% convinced that GOptions is not a scam. If you want to learn more about this broker then check out the complete review I have written about it.