Het there! I decided to write this article in order to answer the question whether or not Magnum Options is a scam or not. There are more than a hundred of binary options out there and unfortunately a lot of them are shady and a scam.
Magnum Options is fortunately not a scam. You can find out exactly why this is so by reading this article.
Magnum Options Background
One of the main proofs that Magnum Options is a not a scam is the fact that this broker is being owned by one of the oldest and most reputable binary options groups, Trade Rush. Yes, Magnum Options is also run by the company that runs Trade Rush and Boss Capital.
As you probably know, the Trade Rush group is one of the oldest binary options companies in this business. Only those binary options companies manage to survive for this long that are legit and do not scam their traders.
But lets go further and look into the exact services this broker offers and the quality of these services.
Magnum Options services
Like the services offered by Trade Rush and Boss Capital, the services offered by Magnum Options are of very high quality. As far as I have observed, the broker does not manipulate expiration times and does not lower the payout rates shortly before you purchase an option.
The broker also has substantial unique services such as the Rollover feature that allows you to extend the expiration time of your option and the Double Down feature that will permit you to double your investment mid-trade in order to receive double payouts.
Magnum Options Withdrawal Complaints
At this moment there are no withdrawal problems reported against Magnum Options on the major and reputable binary options forums such as BinaryOptionsThatSuck.com and ForexPeaceArmy.com.
While the broker is still young, which can explain the lack of withdrawal complaints, it’s expected that the broker will remain free of these complaints in the future as well. The reason for this is the fact that there are no or very few such complaints against the other brokers run by the same company.
Magnum Options Forum Complaints
Again, it seems that there are not many complaints against this broker on any of the major binary options and Forex forums. Usually these forums are filled of complaints against shady brokers however there are no such related to this broker.
All in all, I strongly believe that Magnum Options is not a scam and that it’s one of the few binary options brokers that are legit and offer safe and fair services. You can learn more about Magnum Options by reading my full review linked here.