PayOption FX Limited is a forex broker whose official website domain was registered on July 19, 2023. It mainly provides investors with trading services in financial derivatives such as forex, stocks, futures, energy, precious metals, and cryptocurrencies. The company's headquarters address is unknown. This broker does not offer services in jurisdictions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status:
Public information on the official website of PayOption FX Limited reveals that its headquarters is located in London. Its subsidiaries are regulated by the United States Financial Crimes Enforcement Network (FinCEN) as an MSB and are registered with the United States NFA, under which they are audited and supervised. Additionally, this broker is authorized and regulated by the Financial Conduct Authority (FCA) of the UK, with a license number of 146311.
Upon verification, both the National Futures Association (NFA) and the Financial Crimes Enforcement Network (FinCEN) of the United States did not find a registered entity named PayOption FX Limited. Moreover, the FCA's official website shows that the entity with license number 146311 is AMT Futures Limited, whose official website is www.amtfutures.co.uk, and it has no affiliation with PayOption FX Limited.
Furthermore, the web design and content of this broker are identical to those of CPT Limited, Unisnfx, XCY Global Ltd, BCC markets limited, Texttforex, GYG INVESTMENT LTD, Maxtra Financial Limited, and others.
Opening an Account:
To open an account with PayOption FX Limited, visit the broker’s official website and click on "Register" on the homepage or the top right corner of the page. Enter your personal information such as name, email address, and set a login password before submitting. Once the application is submitted, the account registration is successful.
Trading Account Information:
The official website of PayOption FX Limited only discloses information on spreads, trading leverage, margin call/stop-out levels, and contract sizes, but does not publish details about account types, trading commissions, minimum/maximum trading volume, maximum number of positions/orders, and minimum price precision.
- Spreads: Variable spreads, starting from 1 pip
- Trading Leverage: 1:500
- Margin Call/Stop-Out Level: 100%/50%
- Contract Size: 1 lot = 100,000 currency units
Trading Platform:
PayOption FX Limited offers its users the proprietary Tradingweb trading platform.
Deposits and Withdrawals:
PayOption FX Limited does not clearly state the supported deposit and withdrawal methods, fees, or minimum deposit and withdrawal amounts on its official website.
Conclusion:
Traderknows reminds investors that PayOption FX Limited is a forex scam website with opaque registration and regulatory information, suspected of false advertising. The only means of contact is through email, with very limited contact information. The website design and content are identical to those of CPT Limited, Unisnfx, XCY Global Ltd, BCC markets limited, Texttforex, Maxtra Financial Limited, GYG INVESTMENT LTD, and other brokers. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected of fraud" on Traderknows.
