Top Options
42%/ 100
Type of Broker: Binary Options
Payout: 80%
Min Deposit: $250
Min Trade Amount: $10
US Clients:
Max Trade Amount: Not stated
Number of Assets: >20
Free Demo Account:
Trading Platform: O-Systems
Types of assets: Commodities|Currency pairs
Payment METHOD NAME Charge Time
Credit Card 8-10% 3-4 days
Debit card 1-5% 4-5 days
Giropay None 4-5 days
Neteller None 1-2 days
Skrill one 3-4 days
Swift 8-10% Immediately

Screenshots

Full Review

Option League Review: Scam or Legit?

Meta Description: Option League is a binary options broker that offers the O-Systems software as a binary trading platform. Let us review OptionLeague with the aim of finding out if they are a legit binary options broker or a scam.

Introduction

Option league is a relatively new binary options broker owned by Lorya Media Ltd with their given location at Copthall 8, 00152 Roseau Valley, Dominica. The brokerage brand was launched in 2017. The company offers over 400 assets trading on the new O-Systems turnkey binary options trading platform. Options league is not licensed by any of the regulatory bodies within its geographical area of operations. The lack of any evidence of licensing or regulation immediately raises a red flag as to whether OptionLeague is scam or legit.

Optionleague_1

OptionLeague is a Scam: Here’s Why

After reviewing the entire operation of this brokerage brand, we have come to the conclusion that there is a full-fledged OptionLeague scam going on. Here are the reasons behind our findings:

  • When considering the right broker to trade with, it is important that they are licensed and regulated by any of the major licensing and regulatory bodies in the countries that they operate in. OptionLeague was found not to be licensed or regulated by the Cyprus Securities and Exchange Commission (CySEC) or any other regulatory agency located within OptionLeague’s area of operation.
  • They are relatively new in the market and do not have any reliable history or track records which inspires trader confidence. Though this may not in its entirety mean that they are a scam but since their launch, their activities point in that direction.
  • There is not much information available about the broker anywhere and the rule of thumb is, if there is a suspicion then it’s not worth taking the risk.
  • Our investigation showed that the O-systems software trading platform advertised by Option league is not the same as that in use, a good pointer to the fact that they are a scam.

OptionLeague Platform

OptionLeague claim to offer the O-systems software platform. Though this platform has been around for a long time now, it only provides traders with the ability to trade high or low options; this reduces binary options trading to just the basic trade type. This makes it difficult for traders used to some variety in binary options trading. For instance, if price is not trending, it will be hard to trade just High/Low options as it becomes difficult to predict the asset direction.

The platform is not visually appealing, the charts are basic and the platform lacks technical analysis tools.

Option League Account Types

There is no information on the types of account offered by option league. Bonuses are unavailable as there is absolutely no information about it on their website.

Deposit and Withdrawal Options

There are no explicitly stated options for deposit on their website. However, logo displays indicate that there are options to make deposits with the following methods:

  1. Digital Wallets: E-wallets such as Skrill, Neteller, Sofort, Qiwi and WebMoney are featured on the OptionLeague platform.
  2. Bank wires
  3. Credit cards: Cars issued by MasterCard, VISA and Discovery are offered on the OptionLeague platform.

What are the limits for deposits and withdrawals? There are no stated amounts in terms of the minimum amount or maximum amount that can be deposited on the OptionLeague account using the various payment methods. There is also no information on withdrawal terms and conditions.

OptionLeague is a Scam – Use a Legit Broker

We have conducted extensive investigation to determine the true nature of OptionLeague’s binary options offering. From our findings, OptionLeague is a scam. For starters, their website does not carry substantial information as would be expected of a legit binary options brokerage. There is also no clear information on trades and assets offered for trading, the registration process is not straight forward and there is absolutely no information on account types, deposit methods, deposit limits, withdrawal methods, limits and duration. The website is bare on information about all they offer. Here is a summary of our findings that have led us to believe that OptionLeague should be a broker to avoid.

  • There is little or no information about trades and asset offerings.
  • There is no information on deposit methods, duration and the same for withdrawals
  • They are unlicensed and are not regulated by any regulatory body.
  • There are inconsistencies discovered in their offerings on their website.
  • There is almost no information about the broker on any forum. It’s as if the broker does not exist.

The appearance of not being licensed or regulated is a sure sign that OptionLeague should be avoided. Being licensed and regulated is one of the key indices to watch out for when making a decision on what broker to trade with. An unlicensed broker is an undue risk. There are lots of brokers that are duly licensed and regulated by regulatory bodies such as the Cyprus Securities and Exchange Commission (CySEC).

It is important at all times to seek expert advice before committing to any platform. Just as there are lots of scam binary options brokerage, there are also legit ones that have been investigated, tried, tested and trusted. These brokerage platforms are good to trade with and they offer guaranteed returns on investments. To find out the right brokerage to trade with I advice that you checkout regulated brokerages on BinaryRobot365. These are brokerages that support automated trading with the genuine BinaryRobot365 software.