Secured Options has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". trading name of Urbanix Limited
Addresses: Zemen str. 2 Sofia 1505 Bulgaria 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.securedoptions.com.
I found Secured Options after a family member had a good experience and the initial impression was positive. But for about five months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Regular platform improvements|Helpful community forum|Dedicated account manager
Cons: Limited ETF selection|Currency conversion fee exists
Do not believe the bonus offer from Secured Options. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited from a blog post comparing services and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Good mobile app|Fast support response|Easy to use platform
Cons: Nothing significant|Could offer more webinars
Do not use Secured Options for anything serious. I used them for just over a year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Smooth onboarding|Social trading features
Cons: Slow to add new assets
Secured Options 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: Automated trading options|Stable platform|Multiple order types
Cons: No phone support on weekends|Spreads widen during volatile periods
What really bothers me about Secured Options is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a podcast recommendation and I fell for the polished exterior. Never again.
Pros: Multiple order types|Segregated accounts|Smooth onboarding
Cons: Limited ETF selection
Where do I even begin with Secured Options? since last summer of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Intuitive for beginners|Copy trading available|Transparent fees
Cons: No phone support on weekends
Secured Options 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: Multiple order types|Automated trading options|Two-factor authentication
Cons: Minor UI glitches occasionally
KYC with Secured Options 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: Real-time alerts|Portfolio tracking tools|Fast execution
Cons: Nothing significant|No crypto staking