GOptions has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Addresses: 3rd floor C & H Towers Corner of Great Marlborough; Great George Streets Roseau Commonwealth of Dominica 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.goptions.com.
GOptions locked my account without warning and demanded documents I had already submitted. for over a year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Multiple order types|Personal attention
Cons: No live chat on mobile|Wish they had more educational resources
After for about three months with GOptions, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Risk management tools|Clear documentation|Good analytical tools
Cons: None so far
The mobile app from GOptions 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: Wide product range|High security standards|Regular platform improvements
Cons: Spreads widen during volatile periods|Could offer more webinars
GOptions 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: Market news feed|Comprehensive tools|Excellent charting
Cons: Website design could be more modern|Currency conversion fee exists
I had high hopes for GOptions after attending a webinar they hosted, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Excellent charting|Instant funding
Cons: Wish they had more educational resources
I lost a significant amount because GOptions did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Responsive team|Professional team
Cons: Slow to add new assets|Alert system is basic
Do not believe the bonus offer from GOptions. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after a family member had a good experience and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Good analytical tools|Clean UI|Educational resources|API access
Cons: Charting tools need more indicators
KYC with GOptions 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: Intuitive for beginners|Good mobile app
Cons: Limited ETF selection|Charting tools need more indicators
The onboarding at GOptions was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Multi-currency support|Copy trading available
Cons: Live chat only during business hours
I joined GOptions based on a colleague's recommendation and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Tax reports included|Quick verification|No hidden fees|Good mobile app
Cons: Withdrawal takes 1-2 business days