Continentaloptionslive is a CFD broker officially registered on April 3, 2024. The broker mainly provides numerous trading markets through platforms such as MT4, MT5, and cTrader, including forex, commodities, indices, bonds, cryptocurrencies, stocks, futures, etc. It does not operate in the United States, Canada, Israel, New Zealand, Iran, and North Korea among other regions.
Company Registration Information and Regulatory Status:
Public information on the Continentaloptionslive official website shows that it is registered in Seychelles as Raw Trading Ltd, which is authorized and regulated by the Seychelles Financial Services Authority (FSA) under licence number SD018.
Upon verification, the Seychelles Financial Services Authority (FSA) official website indicates that Raw Trading Ltd is a business entity registered by the broker IC Markets in Seychelles, with its FSA-approved websites being https://www.icmarkets.sc and https://www.icmarkets.com. Therefore, Continentaloptionslive is a fraudulent website posing as IC Markets.
Moreover, this broker's website design has been plagiarized from IC Markets, similar to other fraudulent brokers like Linoxx, ExpertSync, Limex, Venosvista, Fenext, Elon-Mining.
Account Opening:
To open an account with Continentaloptionslive: Visit the broker's official homepage and click on “Start Trading Now” or “Start Trading” at the top right corner of the webpage. Then, proceed to the account registration page, fill in personal information such as your name, email address, phone number, and set a login password before submitting. Once submitted, the account is successfully registered.
Trading Accounts:
Continentaloptionslive provides three different types of trading accounts: cTrader Account, Raw Spread Account, and Standard Account.
cTrader Account:
- Trading platform: cTrader
- Commission (per lot): $3.0 (round turn $6.0)
- Spreads from: 0.0 pips
- Minimum initial deposit: $200
- Leverage up to: 1:1000
- Maximum open orders per account: 2000 lots
- Server location: London
- Micro lot trading (0.01): Supported
- Number of currency pairs: 61
- Index CFD trading: Supported
- Stop Out Level: 50%
- One-click trading: Supported
- Islamic account: Available
- Allowed trading methods: All
- Distance for orders: Unlimited
- Programming language: C
Raw Spread Account:
- Trading platform: MetaTrader
- Commission (per lot): $3.5 (round turn $7.0)
- Spreads from: 0.0 pips
- Minimum initial deposit: $200
- Leverage up to: 1:1000
- Maximum open orders per account: 200 lots
- Server location: New York
- Micro lot trading (0.01): Supported
- Number of currency pairs: 61
- Index CFD trading: Supported
- Stop Out Level: 50%
- One-click trading: Supported
- Islamic account: Available
- Allowed trading methods: All
- Distance for orders: Unlimited
- Programming language: MQL4
Standard Account:
- Trading platform: MetaTrader
- Commission (per lot): $0.0
- Spreads from: 0.6 pips
- Minimum initial deposit: $200
- Leverage up to: 1:1000
- Maximum open orders per account: 200 lots
- Server location: New York
- Micro lot trading (0.01): Supported
- Number of currency pairs: 61
- Index CFD trading: Supported
- Stop Out Level: 50%
- One-click trading: Supported
- Islamic account: Available
- Allowed trading methods: All
- Distance for orders: Unlimited
- Programming language: MQL4
Trading Platforms:
The Continentaloptionslive official website claims to offer trading platforms such as MT4, MT5, and cTrader, but does not provide any related download links, nor can a broker named Continentaloptionslive be found on the respective platforms.
Deposits and Withdrawals:
Continentaloptionslive supports deposits and withdrawals via credit/debit cards, e-wallets, and bank transfers.
Conclusion:
Traderknows Encyclopedia warns investors that Continentaloptionslive is actually a scam website that clones the broker IC Markets. Investors are advised to choose brokers who are transparent, strongly regulated, and have a good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected of fraud" on Traderknows.
