Rectar Capital Options (rectarcapitaloptions.net) has been flagged by ASIC (Australia) for "Unlicensed". Phones: +14088296524
Addresses: 7901 4th St N STE 300 St Petersburg FL 33702 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: rectarcapitaloptions.net.
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Rectar Capital Options (rectarcapitaloptions.net) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Economic calendar|Regular updates|Regular platform improvements|Social trading features
Cons: Currency conversion fee exists|No dark mode on mobile
After for over a year with Rectar Capital Options (rectarcapitaloptions.net), 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: Social trading features|Easy to use platform
Cons: No live chat on mobile|Onboarding videos are outdated
Do not be fooled by the professional-looking website. Behind the scenes, Rectar Capital Options (rectarcapitaloptions.net) is disorganized and incompetent. I found them from a review site like this one and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Multiple order types|Great customer service|API access
Cons: Mobile app could be improved
Customer support at Rectar Capital Options (rectarcapitaloptions.net) 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: Two-factor authentication|API access|Multi-currency support|Personal attention
Cons: Website design could be more modern|Mobile app could be improved
Rectar Capital Options (rectarcapitaloptions.net) has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Copy trading available|Competitive fees
Cons: Email notifications too frequent|Could offer more webinars
The reporting at Rectar Capital Options (rectarcapitaloptions.net) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Smooth onboarding|Clean UI|Regular platform improvements|Excellent charting
Cons: Inactivity fee applies after 12 months
Rectar Capital Options (rectarcapitaloptions.net) 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: Good mobile app|Personal attention|Social trading features|Competitive fees
Cons: Could offer more webinars|Withdrawal takes 1-2 business days
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Rectar Capital Options (rectarcapitaloptions.net) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Good analytical tools|Multiple order types
Cons: Account statements could be more detailed|Currency conversion fee exists
I experienced a security concern with my Rectar Capital Options (rectarcapitaloptions.net) 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: Instant funding|Dedicated account manager
Cons: Wish they had more educational resources
The spread at Rectar Capital Options (rectarcapitaloptions.net) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them based on a colleague's recommendation and initially thought the platform was good - until I started trading seriously.
Pros: Excellent charting|Social trading features
Cons: Website design could be more modern