7Option: binary options as a scam apologist? Reviews.

In order to make money in the financial markets, you do not need any investments. You won't have to attend information gypsy trainings. You don't have to upgrade your soft skills. You won't have to do anything. It is enough just to study the materials on binary options, and trade for profit almost always and without lunch breaks.

Approximately this is promised to all users of the company 7option. What do they say company reviews 7option? Not quite clear. Let's try to find out what the representatives of this platform are actually doing. And what do they offer other than a demo account.

Site overview

Binary options appeared on the market not so long ago. They have become a natural evolution of the Forex market. At first, only some isolated marginals were engaged in binary options. Soon they reached a wide audience, and then everything began to spin according to a well-known scenario.

It should be understood that in the case of such projects as 7option, we are almost always talking about a divorce by definition. All this is just an imitation of legal activity. Fraudsters create fake projects and try to present all this as some kind of serious benefit. Which everyone can get.

There are a lot of investment projects like this on the Internet today. And we must remember that they will continue to appear. Because there is still no government control.

There is another serious problem. The developers of the proposed platform have already begun to jump to different addresses. The thing is that domains are very quickly blocked by the RKN and other departments with dubious social responsibility. Therefore, scammers usually prefer to start several domain addresses at once. These are the so-called mirrors. Which bypass blocking. If you find mirrors of this site, you can let us know and we will update the information by expanding the list of addresses 7 option. Well, now directly to the project itself.

What is known about 7Option

It all starts with big slogans and headlines. In particular, they offer to improve their skills. And also open up a "wide range" of your opportunities in the financial markets. In other words, they offer another fairy tale. This is how all binary options brokers usually work. They prefer to tell stories. Minimum specifics: more water. This has been working for a very long time, and apparently there will be no reverse trends.

The screenshot below shows the terminal. Interestingly, there are no (direct) references to binary options here. In essence, this is what they are. But the only direct connection recognized by the creators of the site is only in the name.

We are offered to guess where the graph will go. There are only 2 genders: up or down. And it is on this that the binary options scheme is built. It becomes clear that they have nothing to do with investments. We are simply offered to play a guessing game. This is not an analysis, this is a simple lottery. That's how it all works. It should be understood that these fortune-telling, in the case of 7Option, will not lead to a positive result at all. Because such a result here cannot be by definition.

About documents and other company data

So, let's study the trading conditions. This is where things get even more interesting. The nominal level of the deposit is only 5 US dollars. It would seem wonderful. But no. The client agreement stipulates a nominal deposit of $10. What's this? Another deception? Pretty strange. However, $5 more. 5 dollars less.

Let's take a closer look at the documents. By the way, they are in English. If you don't know it, you can open it through a translator.

The agreement already contains rather strange statements. For example, you can find out that the legal entity that manages the site is registered offshore. This is a legal entity called Sovana Holding PC. This legal entity was registered, according to legend, on the territory of Saint Vincent and the Grenadines. This area has nothing to do with bar cocktails. But there is a direct connection with offshore companies. There is no way to check the authenticity.

And in the agreement there is an office address in Britain. Britain is not offshore somewhere in the ocean. This information will be easier to verify.

We open the registry of Foggy Albion. All company information is there. We punch the address indicated on the site. And lo and behold, there really is a company in Wales with that name and address.

How to link between a legal entity and a website? A non-trivial problem, in fact. They wrote some random company into the agreement. Which has nothing to do with scammers. If he has, then to others, not to these.

Pay attention to the next paragraph of the agreement. It's 4.10. If you register and do nothing for a month, then the monthly fee is included. $10 per month. Just like the deposit level.

The commission in the withdrawal agreement is 10 percent. For a refund without trading activity, the commission is 20 percent. You will have to wait 3 days for the withdrawal. Non-waiverable bonuses are included.

Since the offshore dump 7Option is supposedly serious guys, they comply with AML. Clause 5.11. Show me your documents or we won't give you the money.

Clause 6.2 establishes the fact that it makes no sense to pay attention to quotes.

This time, even citizens of the Russian Federation were banned from registering. Apparently they are afraid of blocking. Well, there is a disclaimer on the site.

The trading terminal turned out to be usually an imitation. Everything works on demo accounts. In reality, no. Affiliate, by the way, can also be with “surprises”. To access it, you need to make 2 deposits.

Conclusion

There are not so many contact details of scammers. These are 2 telegram channels. Inaccessible Instagram account. Someone's stolen address in Britain. The domain name was registered in 2015. But the site appeared only in 2021. Standard scheme.

Finally, it is worth saying that binary options trading is a very dangerous occupation. Opinions about 7Option this is confirmed.

And the aforementioned legal entity has nothing to do with the world of trading. They don't even have an FCA license. Which in such matters becomes the only direct hint of the company's connection with the world of investment.