January 29, 2021

AA Option Review- AA Option Scam Complaint

Overview:

The onset of the pandemic has marked the internet as a social hub for all investors and trading companies. Be it the mouthwatering profits that one is in it for or the risk-taking adventure, the trading market has experienced a rise of customers and scam brokers equally. AA Option is a trade broker that has been shining brightly under the negative light for quite some time.

About AA Option:


AA Option is the brainchild for Pacific Sunrise Ltd. the company claims to be registered in St. Vincent and the Grenadines. It further states that it also has a license from the same country that it has been registered in. Now, this is where we raise the first red flag against this company. If the readers already do not know, places like St. Vincent and the Grenadines, The Marshall Islands, etc. are offshore zones. These places do not have a regulatory authority nor do they have strict parameters to authorize a license to these trading companies. Registering a company in such offshore zones does not even require the presence of a person at their office. You can do it just by sitting on your bed. One must always trade or invest with the brokers who are regulated by the top regulatory authorities such as the Australian Securities and Investment Commission of Australia, the Financial Conduct Authority of the UK, the Financial Market Authority of New Zealand, the Cyprus Securities and Exchange Commission of Cyprus, etc.

Although the company claims to be from St. Vincent and the Grenadines, the phone number provided on the website traces back to UK and Australia. From this, it is clear that the company is hiding something about its whereabouts. The website offered by the company is SpotOption which is relatively new. Usually, Meta Trader 4 or Meta Trader 5 is the go-to option for a website platform for all of the regulated trading companies. MT4 or MT5 are used in order to ensure a user-friendly website that can be understood by all. The company gives a variety of options for trading such as pairs trading, Ladder Options, 30-second options, 60-second options, 2-minute options, 3-minute options, 5-minute options, and long term binary options. Besides all these, weekly and monthly options are also available. The company claims to have almost 100 different assets that are available for trading.

Is AA Option a scam or legit?

AA option also has a Forex CFD trading option available with assured high leverage. The minimum deposit required is 250 dollars. This amount is yet again very high for a regulated trading company to ask for and very common among the scam brokers. Their website is available in various languages such as English, Spanish, and German. In Conclusion, AA Options is a potential scam because a regulated trading company would never ask for such a high deposit or try to tempt the customers with high leverages, pips, and 100% bonuses. The regulated companies would often stick to the rules given by the regulatory authorities. We recommend our readers to not trade with this company as it is a potential threat to your money.