OptionsXO.com Review
Scam Confirmation
Feb 2016: Based on 3 Traders Court gulty votes and a bribe attempt, the FPA considers Options XO to be a scam. OptionsXO and all related companues are hereby blacklisted by the Forex Peace Army.
The FPA recommends against opening accounts with OptionsXO. If you have an account with OptionsXO.com, the FPA recommends you try to withdraw your funds.
Scam Confirmation
October 2015: There is an FPA Traders Court guilty vote against this company. The FPA considers this to be one more reason to NOT do business with OptionsXO.
November 2015: There is a second FPA Traders Court guilty vote against this company.
February 2016: There is a third FPA Traders Court guilty vote against this company. The FPA recommends against doing business with OptionsXO unless all of these issues are resolved.
July 15, 2015: An employee of OptionsXO attempted to bribe the FPA to remove a thread in the forums. CLICK HERE to see the thread.
We wonder why an employee of OptionsXO would offer money to remove a discussion thread that was moved to the Resolved Issues folder months ago.
The FPA recommends against doing business with any company that uses methods like this to try to hide complaints.
Recent User Reviews of OptionsXO.com
The most bare faced blatant thieves....ever. Don't go near them
1) That all funds, including the bonus, would be liquid in the account. 2) That there should be no limitations on the size or timing of withdrawals other than applying for them at least 7 days before the 1st Jan or 1st July. 3) It was incumbent on me to ensure there was enough liquidity in the account to be able to keep trading. 5) No more bonuses applied to the account....ever. He and my new account manager agreed to all of these points, in writing, as long as I made up the Forex account balance to £100k....which meant another £12.5k which I duly handed over.
So, trading starts and my new account manager, John Luis (made up name) does pretty good in the first couple of weeks, but I notice he doesn't use 'stops' in the way I ask and the spreads are huge in some of the trades....way more than a normal 'kosher' Forex broker. I trade on for a while but then decided to get some training. As I finish the training I realise that these guys are sharks. Its the 21st December so I send Adam Page a message saying I want to close the account. No limitations on withdrawals right? ...And its 10 days before 1st Jan. Of course, he wont do it and passes me over to John Luis who refuses to do it also. I then offer a withdrawal of $50k from the account leaving $83k still in play....but he wont do that either. He wants to convert back the bonus, get me to pay that back, fine me an additional 30% on the remainder and pay me something around £22k as the final balance on the account. That's his final offer.
I've got all the emails and all the skype conversations covering all of this. These guys are absolute crooks. Don't go near them and regardless of what you say do not send them ANY money. As far as they are concerned possession is the law. If they have it in an OptionsXO account its theirs and you don't actually have any right to it, regardless of what they agree to.
This review did not come from France. It came from the same location in Israel used by an OptionsXO employee to create multiple forums accounts.
Per FPA policy, the rating on this review has been set to Zero stars.
The FPA does not appreciate review spammers.
They will ring you and ring you. They are very pushy.
I recommend you avoid them and put the phone down on them.
they lie, they do not keep ringing and to pay $ 10,000 to do this within the month $ 100,000 - / but not this lying Broker / note on OptionsXO-not check to stretch
However, they canceled 7 out of 8 withdrawal requests. Guess what happened to the only 1 "successful" withdrawal request? The money $620.00 USD didn't reach my bank account! They successfully reduced total amount of my account from $2274.69 USD to $1654.69 AUD!
Then I had to rang their customer service, and was told the withdrawal need to be approved by my broker! May I say it’s ridiculous? More important is they didn’t tell me about the approval when I opened my account!
The worse thing is when I told the customer service operator to pass my call to my broker, he told me broker is not available and would call back later, then I requested to talk to supervisor of customer service and got same response – supervisor is at meeting, not available and would call back later. However no one called back, no one replied my email and Skype message.
The most disgusting thing is, they blocked my account after my last attempt of withdrawal! I rang their customer service but got nothing – no one available to talk to me and no one called me back later, my broker just disappeared from email and Skype.
In Jan 206 a new broker - the 4th one - was assigned to my account. He re-opened my account, but don't believe he empathized me - he did this only for pushing me deposit more fund! When I talked about withdrawal, he disappeared just like his predecessors.
Now I don't believe them any more. I will get my money back.
Do you guys log into complaint to any regulatory organization? any suggestion?
We hope OptionsXO will resolve the remaining issues which lead to it being labelled as a scam.