The first step to protecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to. In all probability, there have been other users who have already used the same service, and have expressed their opinions and feedback online on various forums.To get more news about 1prime options review, you can visit wikifx.com official website.

After conducting some research on various social media platforms (Facebook, Twitter, Instagram), as well as online trading forums, a general theme emerged where users were dissatisfied with their experience with 1PrimeOptions. Based on this user feedback, it appears that 1PrimeOptions is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform.  There are a lot of brokers out there operating under fake company names or that have other fraudulent operations. A little bit of preliminary research can go a long way in protecting you and your finances. Is 1PrimeOptions Legit or a Scam? When searching for brokers to conduct your trading activities with, the first and most important step should always be to learn about their certification(s). This will tell you whether they are regulated by a central authority or if 1PrimeOptions is an offshore and/or unregulated entity.

When a broker is unregulated or regulated by an entity outside of your jurisdiction, you have limited to no legal recourse in the event that your funds are compromised. In an event of theft, complaints can only be made if that broker is licensed by the regulator in your jurisdiction. Some examples of regulatory authorities that issue brokerage licenses are:

The Cyprus Securities and Exchange Commission (CySEC) The Financial Conduct Authority (FCA) The Australian Securities and Investments Commission (ASIC) If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction.

How Online Trading Scams Work? One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘easy money’. Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns. Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too.

Once the brokerage believes that they have extracted all available funds from an investor and his/her network, they will then proceed to suspend the account, and the investor will no longer be able to access the funds put in. General Information Regulation

1Prime options is a recently established online forex trading service provider registered in Saint Vincent and the Grenadines. 1Prime options forex is not currently regulated by any regulation authority.

Market Instruments

Investors can trade various stocks, forex currency pairs, indices, crude oil, gold, silver, natural gas, and other commodities and cryptocurrencies through the 1Prime options forex dealer.

Minimum Deposit

1Prime options forex provides investors with two types of accounts: demo and live accounts. When traders open a demo account, they will automatically receive $10,000 to practice or test trading strategies. A minimum deposit of $10 is required to open a real account.

Leverage

When it comes to trading leverage, 1Prime options don't make this part clear.

Spreads Commissions

With regard to the core part of forex trading, spreads and commissions, or the trading costs, 1Prime options are quite vague about it.

Deposit Withdrawal

1Prime options forex only supports deposits and withdrawals via Bitcoin, and the cost of which depends on the variation of Bitcoin.