Standard Bit Options Review: Standardbitoptions.com Awry Forex Scam
Standard Bit Options (Standardbitoptions.com) is another bane Binary Options, CFDs, Cryptocurrency and Forex scam to hit the lucrative trading world. StandardBit Options is claiming to offer over 330 trading instruments and a $20 deposit commission. StandardBitOption is professing to be in the industry since 2006. With such heavy claims, investors have signed up without a second thought. Read this genuine and honest STANDARD BIT OPTIONS Review and get the truth.
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Standard Bit Options Review
One of the victims of this scam reached out to us and asked us to conduct an in-depth review. These are pure scam artists who will do or say anything to try and steal funds from users. You should be careful as Standard Bit Options is now a proven scam. To find out what we know, you have to read this entire review. Some of the tricks used can’t be seen with the naked eye, this is why we have to expose them.
Professional scam artists will do or say anything to make their platforms appear legit. What these scam artists are doing is cloning a real website and using that information on their homepage. These scam artists are mere thieves who prey on unsuspecting online investors. Thanks to our years of trading experience, we know how to spot a scam from a mile away. The entire website is riddles with traps meant to entice users to sign up. Ensure you avoid this and any other online trading investment platform with similar characteristics.
About Standard Bit Options
From information retrieved on their website, Standard Bit Options Ltd is the company behind this platform. A look at the domain register whois.net reveals a different story regarding this platform. The registry shows the website was registered in 2018 which makes their 2006 claim false. As we said earlier scam artists will do or say anything to make their platforms appear legit. These scam artists are using false information to try and buy their credibility. They want investors to believe that Standard Bit Options has been in the industry for long.
Another problem we noticed with this platform is anonymity. The platform uses random names and pictures as members of this platform. A closer look at their homepage reveals a team of experts listed as staff members. You can notice that the platform does not give their titles or roles within the website. All what they have done is post images of people and given them names. You can easily see that Tony Zachary is a stock photo downloaded straight from the Internet. That’s how scam artists fool unsuspecting investors.
Is Standard Bit Options licensed or registered?
Disclaimer at the footer of their homepage would suggest the platform is registered. These scam artists claim Standard Bit Options Group has two licenses or rather registration numbers. The two are mere random numbers and don’t hold any meaning in the real world. License and registration numbers posted are 24598 and 036046. The fact that this platform hails from Beachmont, Kingstown, St. Vincent and the Grenadines is proof enough. This area is synonymous with would be online scam platforms.
Looking under their advantage area, one can see they have posted license and certificates. After clicking, visitors are directed to a regulation page. What these scam artists do is profess to be a member of the Financial commission (Finacom). This is not an official regulator of Forex entities and does not grant license and registration documents. And this is another red flag we have to raise regarding use of a false licensing institution. Standard Bit Options is NOT LICESNED to operate a Forex platform.
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Advantages of Standard Bit Option
After going through the entire website, we could not find any advantage of dealing with this illicit platform. These scam artists are stealing from anyone who deposits by not allowing withdrawals. A closer look at most comments from members would suggest no one has ever withdrawn funds with the platform. And this is a strong enough reason for authorities to investigate and shut the whole operation down. Standard Bit Option is a scam and must be avoided at all cost.
Disadvantages of Standard Bit Option
Account types
Standard Bit Options is furnishing users with six different account types to choose from. Accounts listed include Standard, Crypto, ECN Prime, Micro, Options, and Swap Free. One of the first problems we noticed is the high minimum requirement for depositing funds. Users deposit $500 to start trading which is way above the set minimum of $250. Another issuer we have is with the Options account which guarantees 86 percent profit per transaction.
Customer support
Another problem we noticed with this platform is lack of a proper communication channel. With today’s technology, you expect a platform to offer live chat support. A look at their contact page shows you why we believe this is a scam. No telephone address is given for users to use, just an email address. The problem with emails is that they offer one way communication which is not convenient. It gives these scam artists all the time in the world to decide whether or not to respond to your cries.
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Deposit and Withdrawal
Looking at their homepage, one can see the various depository channels available. Members are depositing funds using FasaPay, MasterCard, Neteller, Perfect Money, Skrill, Visa, and others.  These scam artists have ensured members don’t have a hard time depositing funds. Anyone from any corner of the world has access to one of the depository channels. The biggest problem lies with the fact that no member has been able to withdraw funds. Without withdrawal of funds, Standard Bit Options is not a real trading platform.
Safety of funds with Standard Bit Options
With the number of complaints coming in from all directions, funds are not safe with this platform. The industry has banned pooling of funds in one account which Standard BitOptions is doing. What this means is that members are depositing funds straight to owner’s personal bank account. Stay away from this rotten platform and never accept calls from their so-called account agents.
Scam or legit
Standard Bit Options is a scam. Make sure to mark all their emails as spam. Warn your family and friends from joining their sleazy affiliate programs.
Verdict
We have to add this platform to our scam blacklist and ensure everyone stays away from it.
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