HobitalOptions is a Forex and CFD broker based in New York, USA, established in 2022. As a private company, its registered address is in the United States. This broker offers financial derivative trading services, including forex, cryptocurrencies, and commodity futures contracts (CFDs).
Company Background:
HobitalOptions, a private company founded in 2022, is headquartered in New York, USA, specifically at 60 Laight St #A, New York, NY 10014 United States. This company is a forex CFD broker dedicated to providing traders with financial derivative trading services for forex and cryptocurrencies. Its website domain was registered on September 21, 2022.
Regulatory Status:
HobitalOptions claims to be regulated by the SEC (Securities and Exchange Commission) in the United States, with a regulatory license number of GA00569721. However, the US SEC does not have any regulatory records for this broker, which suggests possible false advertising regarding its regulatory status.
If a broker claims to be regulated by a specific regulatory body without corresponding records, it could be a significant red flag. Investors should remain vigilant and conduct further investigations and reviews to ensure their investment safety.
Trading Products:
HobitalOptions offers a variety of trading products, including forex, cryptocurrencies, and commodity future contracts for difference (CFDs).
Forex trading involves investors profiting through the purchase and sale of currencies from different countries. Cryptocurrency trading pertains to buying and selling digital currencies based on encryption technology. HobitalOptions provides a range of mainstream and emerging cryptocurrency trading pairs, such as Bitcoin, Ethereum, and Litecoin.
Commodity futures contracts for difference (CFDs) are derivatives that allow investors to profit from price movements in commodity futures without the need to physically own or hold the actual commodities. HobitalOptions offers various commodity futures CFDs, including major commodities like gold and crude oil.
For each type of trading product, HobitalOptions does not provide detailed trading schedules, making it inconvenient for investors to know when they can trade. Investors should familiarize themselves with the features and market rules of each product, and understand the related trading times and risk warnings.
Account Types:
HobitalOptions offers various account types, including BASIC ACCOUNT, STANDARD ACCOUNT, STANDARD PLUS ACCOUNT, GOLD ACCOUNT, and PLATINUM ACCOUNT.
The BASIC ACCOUNT features spreads starting from 3.3 pips and a leverage ratio of 1:500, providing real-time chart support, and allowing trading on all available platforms. The STANDARD ACCOUNT offers spreads starting from 2.2 pips and a leverage ratio of 1:700, also with real-time chart support, allowing trading on all available platforms, and access to all educational tools. The STANDARD PLUS ACCOUNT has spreads starting from 1.5 pips and a leverage ratio of 1:1000, including real-time chart support, all available platforms, and technical analysis reports. GOLD ACCOUNT and PLATINUM ACCOUNT offer spreads starting from 1.0 and 0.5 pips, respectively, with a leverage ratio of 1:5000, providing real-time chart support, all available platforms, all educational tools, technical analysis reports, and market update emails.
Account Opening Process:
Opening a trading account with HobitalOptions is relatively simple. Potential clients can do so by clicking the quick registration link on the website and completing the application form. Once approved by the account team, clients will receive the login details and password for their trading account via email.
Trading Software:
While the HobitalOptions website provides information on trading products and account types, it does not specify the trading software used. Mainstream trading platforms typically offer traders software like MT4 or MT5.
Customer Support:
HobitalOptions emphasizes that customer support is its top priority, offering support through email and a specific address to ensure customers receive timely help and support during the trading process.
Awards:
Although the HobitalOptions official website displays some awards the company has received, the names of the awards and the awarding bodies have not been listed. Therefore, this may raise concerns among investors about its transparency and credibility. When deciding on a broker, investors typically consider its reputation and performance, and a lack of specific award information could affect their trust and decision-making.
Conclusion:
HobitalOptions is an unregulated broker, whose offered services in forex, cryptocurrencies, and commodity futures contracts for difference (CFDs) trading are also not supervised. The information on the official website of HobitalOptions lacks transparency, with no disclosure of trading software, trading times, or the registered address. Investors considering trading with HobitalOptions should remain cautious and conduct more in-depth investigations and evaluations.
Currently, HobitalOptions is marked as "suspected fraud" on Traderknows.
