Beware! Stockoptiongiant is an offshore broker! Your investment may be at risk.
Stockoptiongiant Key Facts
🔴 Stockoptiongiant offers questionable bitcoin related investment opportunities – a clear sign of a scam!
🔴 Stockoptiongiant is quite coy with crucial contact information – beware!
🔴 Stockoptiongiant lacks a license for the provision of its services – a huge red flag!
🔴 Stockoptiongiant's domain has been registered only recently – another off-putting detail!
Stockoptiongiant products and services
Stockoptiongiant is yet another scam – it urges people to buy cryptocurrency under vague promises that it will then manage that crypto in ways that make it grow for them. As most websites that offer passive income, however, Stockoptiongiant is simply running a scam.
People should always be cautious when dealing with businesses offering enormously high yields because it's scammers' trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it's a scam, so beware.
Stockoptiongiant company and regulation
Stockoptiongiant's company is not licensed – and it does not claim to hold a license either, but that does not exempt it from having to in any way.
The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.
While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to.
Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.
Stockoptiongiant address and contacts
Stockoptiongiant differs from other scammers in how lazy it is – the company does not even bother to forge an address like the majority of its other fraudulent competition. There is no way to reach Stockoptiongiant at all.
Transparency is crucial when talking about brokers and investment companies, and it's part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it's generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company's legitimacy.
Stockoptiongiant website info
Stockoptiongiant's website has only been online for about four months, having been registered in December 2020. This is quite off-putting, as the domain is also operating well under what is considered to be enough traffic for SimilarWeb to list it. Recent and unpopular domains are usually the home of scammers. There is also the matter of the website being hosted on the 18.104.22.168 IP address, which c0-hosts 37 other domains, all associated with some kind of scam. Here are the ones we have reviewed so far:
The owners of the domain have also decided to breach the principles of transparency once more and have concealed their identities from WhoIs lookups.
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.