Fair Trade Opts is a contract-for-difference brokerage firm with its official website domain registered on September 20, 2023. This firm primarily offers investment services to investors in trading markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries and regions where doing so might violate local laws or regulations.
Company Registration Information and Regulatory Status
According to publicly available information on the Fair Trade Opts website, this brokerage firm was established in 2016 and claims that its company entity is VLS. It also asserts that it is regulated by the Australian Securities and Investments Commission (ASIC). Beyond this, the brokerage does not disclose any company registration details or specific regulatory information.
Upon verification, the Australian Securities and Investments Commission (ASIC) found no regulated company by the name "VLS."
Thus, Fair Trade Opts is effectively a fraudulent brokerage site with no corporate entity or regulatory oversight.
Account Opening Process
The account opening process at Fair Trade Opts involves visiting the broker's website, clicking on "Open Account" on the homepage or "SIGN UP" at the top right corner, and entering personal information such as name and email, and setting a login password. Upon submission and account verification, the registration is completed.
Trading Products
Fair Trade Opts offers a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves currency exchanges, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks, providing diverse opportunities with high leverage to enhance potential returns.
- Commodities: Commodity trading covers key resources in the global market, enabling traders to buy and sell a variety of raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading allows investors to participate in public company share price movements, earning from price changes and dividends without actually owning the stocks.
- Cryptocurrencies: Cryptocurrency trading offers opportunities for digital currency enthusiasts to profit from highly volatile assets.
Investment Plans
Fair Trade Opts offers four different types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum deposit: £500
- Minimum expected profit: £3,500
- Maximum expected profit: £5,000
- Trader education*
- Risk management
- Tax-free spread trading profit
CLASSIC ACCOUNT:
- Minimum deposit: £5,000
- Minimum expected profit: £45,000
- Maximum expected profit: £50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profit
PLATINUM:
- Minimum deposit: £10,000
- Minimum expected profit: £99,999
- Full benefit package
- Trader education*
- Advanced risk management
- Tax-free spread trading profit
FOREX SIGNALS:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Only Bitcoin payments
- Use any broker
Trading Platform
Fair Trade Opts offers a self-developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over 12,000 orders executed per second. However, the download link provided actually leads to the MT4 trading platform, on which there is no broker by the name of Fair Trade Opts.
Deposits and Withdrawals
Fair Trade Opts does not support deposits and withdrawals via credit card or bank transfer; it only supports transactions through cryptocurrency.
Summary:
Traderknows reminds investors that Fair Trade Opts is a scam broker that lures investors with high returns. The website has no actual company entity or any regulation. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
