Sotremfxoption ltd has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I had a dispute with Sotremfxoption ltd and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Easy withdrawals|Fast deposits
Cons: No crypto staking
Customer support at Sotremfxoption ltd 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: Competitive fees|Wide product range
Cons: Website design could be more modern
I trusted Sotremfxoption ltd 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: Personal attention|Customizable dashboard|Detailed reporting
Cons: Limited cryptocurrency options
I lost a significant amount because Sotremfxoption ltd 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: Detailed reporting|Multiple order types|Dedicated account manager
Cons: Minor UI glitches occasionally
The mobile app from Sotremfxoption ltd 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: Detailed reporting|Helpful community forum|Responsive team
Cons: Currency conversion fee exists