DES Options has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 81 6 4560 4004, fax 81 6 6537 1712
Addresses: AIG Umeda Building 1-27 Chayamachi Kita-ku Ohsaka-shi OSAKA 530-0013 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.desoptions.com.
I gave DES Options a fair chance. After for a couple of months now of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Two-factor authentication|Fast deposits|Easy withdrawals
Cons: Desktop app not available on Linux|Nothing significant
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. DES Options recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Good mobile app|API access
Cons: Nothing significant
What really bothers me about DES Options is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them from a review site like this one and I fell for the polished exterior. Never again.
Pros: Stable platform|Portfolio tracking tools|Fast deposits|Competitive fees
Cons: Minor UI glitches occasionally|Research section could be deeper
I trusted DES Options with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Comprehensive tools|Fast deposits|Economic calendar
Cons: Minor UI glitches occasionally
I wanted to transfer my portfolio from another broker to DES Options. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: No hidden fees|Excellent charting|Stable platform|Competitive fees
Cons: Limited demo account features|No live chat on mobile