Scam Option was created in 2015 as a portal for reviews and information on Forex, Crypto and CFD brokers.
As the CFD trading industry grows, there are hundreds of brokers offering trading services. It is the goal of this website to help traders find the broker that is best for them.
When comparing the various Forex CFD brokers, it is important to verify that the broker is licensed and that their license is still active.
There are brokers on our site that are not licensed by a regulatory authority. Although some unlicensed brokers operate in a fair and honest way, the trader needs to understand that there is no recourse in the event that the broker does not return to them their initial deposit or any gains made from trading.
Investors will see various reviews of brokers that are licensed in Australia by ASIC, United States by the CFTC, in the United Kingdom by the FCA, or brokers licensed by the CySEC in Cyprus.
Each country has their own laws and regulatory agencies for online brokers, and you should always look for a broker that complies with the rules of your country.