Read our 375viewoptions review to see if this broker is a scam or legit. Just to clear doubts, this is a 375viewoptions.online review.
When you start looking for online brokers, you will come to know about the existence of scam companies in the financial markets. The internet is known to be a breeding ground for scams and the world of online trading has also been infiltrated by these cybercriminals as well.
Thus, when you begin looking for a platform to start trading, you need to take every step cautiously in order to avoid falling into a trap and losing your entire investment. The challenge is to know what makes a brokerage a scam and this 375viewoptions review can help in this regard.
Most people fall into their trap because they are unaware of how to identify a scam brokerage. Gone are the days when you could figure this out simply by looking at their website.
Previously, scam companies had poorly designed websites and could easily be distinguished from professional ones, but times have changed. These days, there are plenty of software available that can be used to create attractive websites that appear to be very similar to legitimate companies.
This has made it immensely difficult for traders to figure out the true nature of a broker and many end up learning this the hard way. You obviously want to avoid this disaster and the best way to make it happen is to do your homework.
This means carefully evaluating a company before you trust them with your funds and data. Yes, it does take more time than you thought, but it is worth it because it keeps you safe from many risks and ensures that you can achieve your trading goals.
One of the online brokerages that you will come across is 375viewoptions and it makes a good first impression. But, doing your homework shows that you are dealing with a scam. What makes it so? Here are some of the indicators.
Lies about its location
If you look up ways to avoid an online brokerage scam, the first thing you will be told is to deal with a licensed and regulated company.
This minimizes the risk of fraud because these companies can be held accountable and are compliant with numerous polices and laws that are designed to ensure maximum consumer protection. Their activities are monitored by the regulatory authority where they are based.
Therefore, when you are thinking about opening an account with 375viewoptions, your priority should be to check its licensing and regulatory status.
To do so, you need to know where the brokerage is based and the address on its website is in the United States. This is quite impressive because the US is one of the top regulated jurisdictions in the world and a license there is extremely valuable.
The regulatory authorities in the US are the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). But, when you check their online register to find 375viewoptions, you will discover that the company is not mentioned anywhere.
This means that the brokerage is lying about where it is based and is an unregulated and unlicensed entity.
It is likely that 375viewoptions is just an offshore brokerage and most of them primarily operate for the purpose of defrauding people. The fact that 375viewoptions is telling a tacit lie about its licensing and regulation shows that it is not a genuine broker.
Absence of a trading platform
What is the most important feature of any online broker? It is the trading platform they provide to their clients because this software is used for trading purposes and there can be no trade execution without it. The platform connects you to the financial markets and allows you to execute your trades and use tools for making decisions.
You obviously want access to the best trading platform that many professional brokerages provide, such as the MT4 and the MT5. While 375viewoptions does claim to offer its clients a competitive trading platform, you will find no such thing available on their website. They have a client dashboard that offers a bunch of charts and nothing more.
These charts can easily be found online for free and you do not need to open a trading account with 375viewoptions to access them. The fact that there is no trading platform available at 375viewoptions, which is the most vital feature that a broker has to offer, shows that it is a scam.
No trading conditions
It is understood that since 375viewoptions does not have a trading platform altogether, it cannot provide you any trading conditions. This means that there is no point in looking at the spreads that the broker charges, or the leverage they offer, both of which can directly affect your profitability.
Without a trading platform, there can be no trading whatsoever and so the trading conditions that 375viewoptions are absolutely pointless, no matter how much they boast about them.
Crypto payments only
Last, but definitely not the least, you need to check the payment options that a broker supports because you want to be able to make your deposits and withdrawals safely and quickly.
Moreover, you also want to ensure that you can enjoy the maximum protection i.e. get a refund if there is a problem. This depends on the payment methods that are offered by a brokerage.
This is another aspect where you can see that 375viewoptions is a scam because they only offer support for one payment option i.e. cryptocurrencies.
While the use of these digital currencies is increasing, the fact that there are no other payment methods offered except for crypto is a warning sign. This is because crypto payments tend to be final and irreversible.
You cannot file for a chargeback, as in the case of credit cards, and this has made crypto a favorite payment method of brokers like 375viewoptions.
They can control your funds and since cryptocurrencies also offer anonymity, they can just take your money and disappear. This is yet another indication that you are dealing with a scam.
All of these problems with 375viewoptions show that you are dealing with a scam and not an authentic firm.