CT Option (ctoption.com) has been flagged by ASIC (Australia) for "Unlicensed". Search IC001 for other entities related to this alert. Link to warnings from overseas regulators: FCA https://www.fca.org.uk/news/warnings/ctoption, BCSC https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2016/ctoption-and-infinicore-ltd, CFTC https://www.cftc.gov/node/... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: ctoption.com.
The mobile app from CT Option (ctoption.com) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: No hidden fees|Portfolio tracking tools|Easy to use platform
Cons: Currency conversion fee exists
I signed up with CT Option (ctoption.com) after a friend recommended them and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: High security standards|Clear documentation|Great customer service
Cons: Inactivity fee applies after 12 months|Nothing significant
I experienced a security concern with my CT Option (ctoption.com) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Segregated accounts|Easy withdrawals
Cons: Inactivity fee applies after 12 months
The only good thing about CT Option (ctoption.com) is that they remind you why regulation matters. I found them after a trusted YouTuber reviewed them. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Fast execution|Competitive fees|Quick verification
Cons: Limited cryptocurrency options|Website design could be more modern
If you are reading this considering CT Option (ctoption.com) - run. I wish I had read more negative reviews from a review site like this one. I thought the positive ones were real. Maybe some are. My experience over for a couple of months now has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: High security standards|Dividend tracking|Instant funding
Cons: Limited demo account features|No live chat on mobile
After using CT Option (ctoption.com) since early this year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Social trading features|Portfolio tracking tools|Multi-device support|Segregated accounts
Cons: Desktop app not available on Linux
Customer support at CT Option (ctoption.com) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Economic calendar|Smooth onboarding|Social trading features|Wide product range
Cons: None so far|Email notifications too frequent
CT Option (ctoption.com) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Intuitive for beginners|Good mobile app
Cons: Cannot customize dashboard fully