Reflex Options is a broker suspected of fraudulent activities, with its official website domain being www.reflex-options.com, registered on June 5, 2024. The platform claims to offer investors a variety of CFD trading services in multiple financial markets, covering categories such as forex, indices, precious metals, energy, commodities, and cryptocurrencies.
Company Background and Regulatory Information
According to information provided on www.reflex-options.com, Reflex Options is authorized and regulated by relevant regulatory bodies in multiple jurisdictions:
- Reflex Options (SC) Ltd.: Registered in Seychelles, registration number 8423606-1, regulated by the Seychelles Financial Services Authority (FSA), license number SD025.
- Reflex Options B.V.: Registered in Curaçao, registration number 148698(0), regulated by the Central Bank of Curaçao and Sint Maarten (CBCS), license number 0003LSI.
- Reflex Options (VG) Ltd.: Registered in the British Virgin Islands, regulated by the British Virgin Islands Financial Services Commission (FSC), registration number 2032226, investment business license number SIBA/L/20/1133.
- Reflex Options ZA (PTY) Ltd.: Registered in South Africa, authorized by the Financial Sector Conduct Authority (FSCA), registration number 2020/234138/07, financial service provider number 51024.
Additionally, the broker claims to have registered companies in the UK and Australia, with registration numbers both listed as 2018AD947.
Upon investigation, there are no records of companies with the registration number 2018AD947 in either the UK's Companies House or the Australian company register, and no companies named Reflex Options were found.
Further investigation shows that all the regulatory information claimed by www.reflex-options.com actually belongs to another broker, "Exness."
Therefore, Reflex Options (www.reflex-options.com) is indeed a fraudulent website that neither has a legitimate corporate entity nor its own regulatory information, as it has stolen the regulatory details of another broker.
Trading Products
Reflex Options claims to offer the following financial derivatives trading services:
- Forex: Primarily trading currency pairs like EUR/USD, USD/JPY, etc., allowing traders to profit from exchange rate fluctuations.
- Indices: Such as the S&P 500, NASDAQ indices, where investors can bet on the overall market performance through CFDs.
- Precious Metals: Including gold and silver, commonly viewed as safe-haven assets suitable for hedging against inflation risks.
- Energy: Covers commodities like oil and natural gas, with prices influenced by supply-demand dynamics and global economic trends.
- Commodities: Encompassing agricultural products, industrial metals, etc., with market fluctuations driven by a range of external factors.
- Cryptocurrencies: Such as Bitcoin, Ethereum, enabling investors to buy and sell cryptocurrencies and their derivatives on this platform.
Account Opening Process
The account opening steps for Reflex Options are as follows:
- Visit www.reflex-options.com and click "START LIVE TRADING" or the "SIGNUP" button at the top right corner to access the account application page.
- Fill out the account application form with your name, email, phone number, and set a login password. Once you submit the form, the account is created successfully.
- Log in to your account, and you must complete the KYC verification process before you can start trading.
Investment Plans
Reflex Options offers four investment plans: Basic, Silver, Premium, and VIP, each corresponding to different investment amounts and expected return rates (ROI):
Basic
- Investment amount: $500 to $800
- Expected ROI: 15.2% within 24 hours
Silver
- Investment amount: $800 to $4,000
- Expected ROI: 18.5% within 24 hours
Premium
- Investment amount: $4,000 to $7,000
- Expected ROI: 25.5% within 24 hours
VIP
- Investment amount: $7,000 and up, no upper limit
- Expected ROI: 35.2% within 24 hours
Trading Platform and Funds Transfer Methods
www.reflex-options.com claims to offer MT4/MT5 as well as its own Reflex Options Trade platform. However, no relevant information about this broker has been found on the MT4/MT5 platform. Additionally, the broker only supports deposits and withdrawals via cryptocurrency.
Summary
Traderknows reminds investors that Reflex Options (www.reflex-options.com) is neither a legally registered entity nor regulated in any way, and it has stolen legitimate brokers' regulatory information.
Investors should carefully choose trading platforms, prioritizing those that are legally regulated and transparent to minimize potential financial losses and reduce investment risks.
