SafeTradingOptions is a CFD broker whose official website domain was registered on January 10, 2024. The broker primarily provides investment services in trading markets such as forex, commodities, indices, stocks, and digital currencies. It does not offer services in countries and regions where it might violate local laws or regulations.
Corporate Registration Information and Regulatory Status
According to publicly available information on SafeTradingOptions (safetradingoptions.com), the broker is regulated by the UK and Australian Securities and Investments Commission (ASIC). However, all clients will interact directly with Safetradingoptions A/S, and all client agreements will be signed with Safetradingoptions A/S, thus falling under Danish law. Beyond this, the broker has not disclosed detailed registration information about the company entity and regulation.
Upon verification, the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Danish Financial Supervisory Authority (Danish FSA) have no registration information on a company named "SafeTradingOptions."
Therefore, SafeTradingOptions (safetradingoptions.com) is, in reality, a scam broker website with no corporate entity or regulation.
Trading Instruments:
SafeTradingOptions offers a variety of trading products to clients, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Indices trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks, offering diversified trading opportunities and leveraging potential returns.
- Commodities: Commodities trading covers key resources in global markets, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price fluctuations of publicly traded companies, earning from price changes and dividends based on company performance without actually owning the stocks.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts opportunities to profit from highly volatile assets.
Account Opening Process
The account opening process for SafeTradingOptions trading accounts involves visiting the broker's website, clicking "Open Account" at the top right corner of the webpage to access the account registration page, filling in personal information such as name, phone number, email, setting a login password, and submitting. Registration is completed upon successful account verification.
Investment Plans
SafeTradingOptions offers two different types of investment plans: PLAN (1) and PLAN (2).
PLAN (1):
- Minimum deposit: $100
- Maximum deposit: $9,999
- Expected profit: Over 10%
- Duration: 10 days
PLAN (2):
- Minimum deposit: $10,000
- Maximum deposit: $1,000,000
- Expected profit: 3% daily
- Duration: 180 days
Trading Platform
SafeTradingOptions claims to provide the MT5 trading platform to users, but the broker cannot be found on MT5.
Deposits and Withdrawals
SafeTradingOptions' website does not disclose the supported deposit and withdrawal methods.
Conclusion:
Traderknows reminds investors that SafeTradingOptions is a fraudulent broker that lures investors with promises of high returns. This site has no real company entity or any regulatory oversight. Moreover, the site has limited contact options, only allowing communication through email. Investors are advised to choose brokers that are transparent, strongly regulated, and reputable to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
