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Stern Options Review

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Stern Options Review by professional Forex trading experts the “” FX trading team, Finding out everything you need to know about the broker is in this SternOptions Review.

Stern Options Review

Stern Options is a very shady binary options provider. At the time of writing of this review, one can’t open an account with the company. Furthermore their entire website is totally unstructured, features contradictory trading conditions and even has advertisement for other binary brokers.

The Company. Security of Funds
Stern Options probably gained much of its popularity when New Zealand’s watchdog, the Financial Markets Authority (FMA) issued a warning against them. The cause for it is the fact they had received complaints, due to cold-calling. This aggressive tactic is generally seen as a negative by regulators, especially when done by unregulated companies.

The company behind Stern Options is is BP1 LP, which is registered in the United Kingdom. According to the FMA, Stern Options is being run out of Sofia, Bulgaria. That being said they don not fall under UK, Bulgarian or any regulation.

There are a lot of negative comments by users of the company. The most frequent claim is that they can’t withdraw their funds. This is probably the most serious risk, when dealing with an unregulated company – them simply refusing to pay you.

Trading Conditions

Trading Options: Call/Put, 60 second, Long term, Pairs, One touch, Ladder, Spot Follow, Limits

Assets: Currencies, Stocks, Indices, Commodities

Minimum Initial Deposit

The minimum staring deposit at Stern Options is $250. This is quite high In today’s environment. For instance, FinaCom-regulated Grand Capital, requires only $10.

Payout amount

The payout for binary options is typically in the 70%t to 85%, at Stern Options. With the more exotic ones, you can increase the payout up to 500%, although that would obviously entail a less-likely to materialize prediction.

Trading Platform

Stern Options offers the popular web-based platform, SpotOption. It is fairly intuitive (as most binary ones are).

You can easily switch the tabs on top to view the different the different types of options. Some of them may appear to be complicated for beginners, so proceed with caution.

On-Deposit Bonus

Stern Options do not have any bonus offers at the time of writing of this review.

Methods of Payment

Payments at Stern Options can be made through several methods, which include Wire transfer Credit/Debit Cards and Skrill.

Stern Options is an unregulated binary options broker. The company has a negative reputation, with lots of complaints by angry customers. Sten apparently also applies cold-calling, as the company has been warned against by financial regulators in New Zealand. While the platform, which Stern Options provides is nice, there are many other companies who also do.

Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.

Stern Options Review Conclusion

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