Option Capital Trades is a broker providing CFD trading services, with its website domain optioncapitaltrades.com registered on August 26, 2024. The platform claims to offer investors CFD trading services covering a variety of financial products including forex, indices, precious metals, energy, commodities, and cryptocurrencies.
Services Offered
Opening an Account
The process to open an account with Option Capital Trades is as follows:
- Visit optioncapitaltrades.com, click on "START LIVE TRADING" or the "SIGNUP" button at the top right, and proceed to the account opening page.
- Fill in your name, email address, and set a password in the registration form. Submit to complete the account creation.
- After logging in, users need to complete KYC verification before they can start trading.
Investment Plans
Optioncapitaltrades.com offers four investment plans: Basic, Silver, Premium, and VIP. Each plan has different investment amounts and expected returns (ROI):
Basic
- Investment Amount: $59 - $999
- Expected ROI: 12.5% (24 hours)
- Includes strategies of beginner traders
Silver
- Investment Amount: $1,000 - $9,999
- Expected ROI: 12.5% (24 hours)
- Includes strategies of professional traders
Premium
- Investment Amount: $10,000 - $25,999
- Expected ROI: 12.5% (24 hours)
- Includes strategies of expert traders
VIP
- Minimum Investment Amount: $26,000
- Expected ROI: 12.5% (24 hours)
- Includes strategies of expert traders
Note: Traderknows reminds investors that obtaining excessively high returns in the short term is not consistent with the usual operations of the financial market. Market conditions are volatile, and consistent high returns cannot be guaranteed.
Trading Platforms
Optioncapitaltrades.com claims to provide users with various proprietary trading software, including WebTrader, Option Capital Trades, Option Capital TradesGroup, as well as MetaTrader 4/5 and the IXSocial trading platform.
However, in reality, users can only trade through the website's web-based program, and no links are provided for downloading any trading software on the broker's website.
Moreover, Option Capital Trades is not listed on the MetaTrader 4/5 trading platform.
Deposit and Withdrawal Methods
Option Capital Trades supports deposits via cryptocurrency. Withdrawal methods include e-wallets, cryptocurrencies, credit/debit cards, and bank wire transfers.
Contact and Social Media
Although optioncapitaltrades.com displays icons for Facebook, Instagram, and Twitter, there are no corresponding pages when clicked.
Investors can contact this broker via phone, email, Telegram, WhatsApp, and the online form available on the website for customer support services.
Company Background and Regulatory Status
Corporate Background
Option Capital Trades claims to have been established in 2009, registered in Australia with ABN number 2018AD947, and headquartered in the UK. It presents itself as an STP and ECN broker regulated in multiple jurisdictions globally.
According to optioncapitaltrades.com, the broker is authorized and regulated by the Bahamas Securities Commission (registration number SIA-F188), the Financial Sector Conduct Authority in South Africa (FSP: 50506), and the Mauritius Financial Services Commission (license number: GB20025832).
Regulatory Verification
Upon investigation, no company with the registration number 2018AD947 was found in the Australian Business Register (ABR). In addition, the regulatory information claimed by optioncapitaltrades.com was found to be copied from two other brokers—RaiseFX (50506) and INFINOX (SIA-F188, GB20025832).
Further investigation revealed other broker websites that are nearly identical in content and design to optioncapitaltrades.com, such as Secured Meta Fx, Equitorial Finance, and Molpux.
Summary
Traderknows advises investors that optioncapitaltrades.com neither has a legitimate company registration nor any valid regulation. Additionally, it has been found to copy regulatory information from other legitimate brokers. Investors should prioritize choosing regulated brokers with transparent and open information to avoid potential financial losses and investment risks.
