Global Options Group has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Addresses: 55 South Vale #305 Arlington Heights Illinois 60005 USA; 201 South Biscayne Boulevard Miami Florida 33131 USA; 16/F Bank of America Tower 12 Harcourt Road Central Hong Kong 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.globaloptions.org.
My withdrawal request from Global Options Group has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Dedicated account manager|Automated trading options|Fast support response|Excellent charting
Cons: Could offer more webinars
Global Options Group has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Portfolio tracking tools|Good mobile app|Regular updates
Cons: Research section could be deeper|None so far
KYC with Global Options Group is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Good analytical tools|Multi-device support
Cons: Wish they had more educational resources|Website design could be more modern
Global Options Group offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Copy trading available|Wide product range|API access
Cons: No integrated tax optimization|Limited demo account features
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Global Options Group recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Regular updates|Good mobile app|Stable platform
Cons: Email notifications too frequent|Currency conversion fee exists
Global Options Group advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Full transparency|Stable platform|Transparent fees|Multiple order types
Cons: Onboarding videos are outdated