RB Option means Real Binary Option and it is an overseas-based broker. It provides four different trading accounts. Sadly, the offered trading conditions are not shared. The website is anonymous and we don’t know anything about their registration status. Furthermore, it offers decent trading instruments. In this RB option review, we will dissect this broker and present you its true nature. Without further ado let’s get started by reading the full RB Option review.
About RB Option:
The broker’s official website www.rdoprion.com redirects us to the webpage that is a website of another broker known as IQ broker. It means it has an association with the IQ broker. The broker claims to be operational from Cyprus and claims to be regulated by CySEC. The problem here is only payments are processed in Cyprus and the broker belongs to Saint Vincent and the Grenadines. Now we can say that the broker comes from a very suspicious area and trading with an overseas broker always posses risks. Furthermore, New Zealand based local financial regulator Financial Markets Authority blacklisted RB Option. It is a strict warning that the traders must be aware of RB Option. The provided four trading accounts are Silver, Gold, Boker, and VIP. They need initial deposits of $250, $2500, $10000, and $100000 plus respectively. Unfortunately, the trading leverages and spreads provided are not shown and trusting this broker is hard. The deposits at RB Option can be made via many channels like all credit cards, bank wire transfer, and Skrill. The funding can be done using USD, EUR, GBP, AUD, and CAD. However, the withdrawals are capped at a minimum of $100. It also offers trading bonuses that need humongous trading volume before withdrawals. The trading platform provided is a web trader but broker claims to offer to trade on MetaTrader. Nevertheless, this broker is either blacklisted or red-flagged by authorities like ASIC, Australia; OSC, Canada; BCSC, Canada; and CVM, Brazil. While performing research for this particular broker we can see many traders accused RB Option of scam. Also, another reviewer gave them a low rating.
Is RB Option scam or legit?
The broker claims to be regulated but received warning against it from well known financial regulators. The trading conditions of RB Option are not known. The initial investment is high compared to other legit brokers. MetaTrader is not available for trading. All this makes us believe that the RB Option is a potential scam broker 2020.