Not Trusted Broker By BinaryOptionsThatSuck.com


GOoptions Overview

GOoptions
GOoptions
Bonus: up to $100%
Options Profability : 70-85%
Rating: 6.8 / 10

Basics

Broker Name: GOoptions
Platform: SpotOption
Founded: 2012
Bonus: up to $100%
Return/Refund: 70-85%/0-10%
US Traders Accepted: Yes
More GOoptions Basic Information

Features

No. Of Assests : 63
Regulated : No
Demo Account : Yes
Deposit Options : C.C., WireTransfer, more
Language : 3
Minimum Deposit : 200

Screenshots

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Review Last Updated 2014-02-04 10:10:22

Editor’s Note – Why does GOptions Suck in 50 Words?

Last time I reviewed a Binary Options website that used the slogan “We focus on who really counts. You.” I said that I’m going to be sick if I see another one. Unfortunately, it was the first thing I noticed when I started my review of GOptions… This overly used phrase screams “We don’t care about you and we don’t even take the time to create a new slogan”. More than that, they call themselves “… the most professional and objective platform for trading…” bla bla… so we have another “market leader” on our hands.

 

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Why doesn’t GOptions Suck?

They have one of the fastest withdrawal processing times in the industry today: same day. Great! The client will have to provide the necessary identification documents within the first week of opening the account and to request a withdrawal Monday through Friday, 8am – 6pm GMT. These conditions are not too restrictive and after all, you cannot request a withdrawal Sunday at 9pm GMT and expect it to be processed until Sunday 11.59 pm. Common sense applies.

 

 

GOptions Full Review – Is My Money Safe with Them?

Their platform is powered by Spot Option, one of the best technology providers in the field of Binary Options. This makes the GOptions website highly efficient and provides a smooth experience for traders, without having to download any software. The company behind GOptions is Longmont Ltd, has been in business since 2009 and it is registered in England and Wales under No. 08414643. The website however was launched in the early weeks of 2012 and overall it is structured well, the needed information is easily available and the tutorials are helpful, although nothing innovative is brought to the table in that area. But we were happy to see that GOptions are innovative in other, more important areas: they are the first to bring automated trading in the field of Binary Options through Signal Index which is a marketplace for Binary Options signal providers.

 

Once traders fund a GOptions account, they get access to Signal Index where they will find different signal providers who have their track record publicly displayed… and of course the monthly fee they charge. Once the trader chooses a signal provider, all the trades the signal provider makes are automatically copied and executed on the trader’s account. This eliminates the missed or late trades due to poor e-mail communication (or any other classic form of transmitting the signals). It’s good to finally see a broker who brings something new to the industry but only time will tell if this automated trading feature is the winning formula.

 

As mentioned above, GOptions uses the Spot Option platform which is known for its functionality and capability to respond to more than one type of trader. In other words, the rookie will find it easy enough to just pick up and use, while the experienced trader will find enough advanced features to satisfy the need for a more complex trading style. And talking about different traders and their different needs, GOptions offers 5 types of trading accounts, each with specific features and benefits. The VIP Platinum account offers a 100% deposit bonus, 10% trade insurance for any losing month and three months of paid auto trading signals among other stuff. Pretty good it you ask me, but the minimum deposit is $10,000 which is too high for the average trader. Well, not everybody is a VIP.

 

Overall GOptions show potential but they need improvement in certain areas like choosing a real slogan, updating their Daily Market Analysis and their Blog. This review is written on the 12th of June and they provide traders with Daily analysis for the 6th of June, while the latest analysis on their Binary Blog is for the 5th of February. I will refrain from making any comments on that because I am sure everybody can judge for themselves how helpful that analysis really is.

 

  

Is GOptions a Scam?

It’s a war out there! People are claiming GOptions is a scam because Signal Index allegedly erased bad trades from the history of some signal providers to make them look good. Also, some signal provider used the name of another, more prolific provider just to get attention and subscribers. Unfortunately the VP of GOptions publicly confesses that he suggested this little name “trick”. From there, all hell breaks loose and a full-on internet war begins.

 

At the moment this article is written, their Terms and Conditions state: “This Agreement is made by and between Longmont Ltd, the operator of the brand name “GOptions” as well as the site Goptions.com and you.” Of course we can deduce that their operating company is Longmont Ltd…but we found on the Internet an earlier picture taken from their website… in this older picture, they state that GOptions is “… owned and operated by Massive Consulting Ltd (Registration #1547635), a BVI registered company.” The addresses of the two companies differ as well. Now what can I understand from all the arguments related to scam suspicions, switching addresses and owners? Why did the name of the owning company change? Did Massive Consulting Ltd sell the website to Longmont Ltd? Is this all an elaborate scam? A lot of questions, right? For me all those questions have just one answer…

 

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GOptions Complaints

It is not hard to find complaints about GOptions on the internet, although one of them stands out: a customer claims (he posts pictures as proof) he was promised 5K to deposit 25K with GOptions and no volume or time restrictions regarding withdrawals but then an argument started when he needed a withdrawal (several of his withdrawal requests were canceled). GOptions representatives claim on the BOTS forum that he edited the pictures to serve his cause and that he is the actual scammer. From where I stand, this is the picture: a client has graphic proof of what he is saying but everything GOptions representatives can do is say the client edited the material… Well, maybe GOptions can prove what they are saying because at the moment the client is the only one who presented any proof.

 

GOptions Bonus

The Bonus differs depending on the type of account you opened and ranges from 25% to 100%. To withdraw the bonus you will have to reach a trading volume of 40 times for every $1 bonus. If the bonus you received exceeds 25% of the initial deposit, you will not be allowed to withdraw any amount until the trading volume of 40 times is reached.

 

GOptions Withdrawal

The minimum withdrawal is $100 and must be made to the original source (i.e. if you deposited via credit card, you will have to withdraw to the same card). GOptions feature a same day withdrawal processing for eligible customers (ID required) but there will be a delay of 5-7 business days until the money will be available in the client’s account.

 

GOptions Extra

The partnership with Signal Index and the auto trading feature are a nice innovation and show us that brokers try to bring us new and cool features. However, all the scandals and arguments surrounding this issue cast a dark shadow over all of it and greatly diminish its appeal.

  

 

GOptions Ratings                        

User Friendly 14/20

The website is offered in just three languages, a fact which will keep away a lot of customers, but overall the layout is intuitive and pretty easy to use. Spot Option’s platform offers tools for both rookie traders and experienced ones.

 

Number of assets and expiry times 13/20

According to the Chief Operating Officer of GOptions, they offer traders over 250 assets. On the website, they advertise “over 200” assets. Unfortunately we couldn’t find so many. Here’s what assets we could find on their Asset Index and their platform: 17 stocks, 13 currency pairs, 7 commodities, 22 indices and 4 pairs (stock vs. stock or index vs. index, etc). That’s a total of 63 assets… Expiry times range from 60 seconds to weekly but by using the Pro Trader feature of the platform a trader can use features as Buy Me Out or Roll Over so the expiry time can be modified. 

 

Commissions, Support and Effective return 14/20

A $25 fee must be paid for wire transfer withdrawals but no fees will be charged for registering an account. Their Live Support is helpful enough, polite and pretty responsive. The effective return goes up to 85% on certain assets. Out of the Money returns are available only on a few assets and according to their Live Support, the refund will be shown on the platform when placing the trade.

 

Deposit, Payment and Bonus 14/20

The minimum deposit is $200 and can be made via Credit Card, wire transfer or CashU. The payment request will be processed the same day but in order to qualify for this lightning fast withdrawal, the client has to submit verification documents and to comply with a few other conditions. 100 Min Withdrawal. Once the request is processed, 5 to 7 additional business days have to pass until the money will be available. The Bonus ranges from 25% to 100%, depending on the type of account.

 

GOptions Extras 13/20

 The fact they offer automated trading through Signal Index is definitely an extra feature but using it gives you less control over your trading. Demo accounts are also available for clients with funded accounts.

 

 

GOptions Overall Ratings 68/100

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18 Responses to “GOptions”

  1. Moses says:

    I registered with GOptions on Monday -August 26th and deposited $1000 but they took out $1,500 saying it was an error so I asked them to leave it that way that I didn’t need to withdraw the extra $500. As of yesterday August 28 my balance was $10,178. Today I’m trying to login and I can’t , I even try resetting my password but it says my email doesn’t exist in the platform. I have called the numbers on their platform but it’s not going through. Can you advise what to do?

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    • Chris says:

      Hello Moses,
      Were you able to eventually log on???… Have you been able to withdraw any funds?

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    • Paul says:

      Hi there, I was unable to access my account the other day after using it several times. I tried the resetting the password feature after speaking to a consultant online called Claudia. I went through the procedure but had to go to my hotmail account directly as it wasn’t coming through to my mail account server. HORROR! My £953.5 account balance had gone to £3.51. I looked back at the trade history and found 4 trades placed within 20 seconds on the same Eur pair which totalled my whole account! £500, £250, £100 and £100 and guess what!? They were placed on the 60 second feature!!! I HAVE NEVER USED THE 60 SECOND FEATURE! Who can predict a trend in that short space of time? so…..

      1. Password had been changed, so couldn’t access my account which was accessed the day before perfectly.
      2. Im at my parents for the holidays (happened 7.15pm Dec 23rd 2013) my laptop has an access password and they are 62 and 63. They dont know how to use my laptop never mind place a trade on my Goptions account.
      3. The whole account was traded on a trade feature I’ve NEVER used. Who does that? Trade their whole account in 20 seconds in the same direction anyways? Ive sent an e mail to support after talking to Claudia the chat support on their website. I have proof of these trades on the history and have taken a screen shot as evidence.

      I will keep you informed BUT I would STAY AWAY! This is not good practice at all!!!

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  2. av says:

    anyone made a withdrawal from this broker ?!

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  3. arlen says:

    tradersroom the worst platform on the internet FAKE PHONE NUMBERS ,FAKE NAMED BROKERS GREEKS WITH FAKE JEWISH SOUNDING NAMES LIKE THAT FAKE MARK GOLDMAN! STAY AWAY FROM THESE PEOPLE After years of tradeing I use RBOptions without a doubt a class above any platform on the net Leigh (a real person ) will get you yuor money with no excuses they are based in Canada

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  4. Claude says:

    Good experience so far with this binary option broker. Much better than what was experienced with broker such as tradequicker.com who took forever to perform a withdrawal. Goptions.com VP of operations called to inform an issue with a lost bid and refunded 250$ on the spot. He could have leave it “as is” on his side as it was not visisble on my side but it made a difference from what was previously experienced with other brokers. Just performed a withdrawal to check the process before adding additional funds. Results to be shared down the road… So far so good just wish that I did find my broker and stop to go from one bad experience to another. Brgds, CK

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  5. Jonathan says:

    Here is my experience about GoOptions.com

    This email is being sent to Metabank and Western Union and Visa for their records.

    Hello,

    I am requesting a chargeback of $200 from Gooptions.com and I am enclosing the reasons down below in this email.

    On December 6th 2013 i had $200 transferred from my Western Union online card account to Go Options. I asked for a refund of $160($40 trade loss) from them recently because they refused to answer my emails shortly after submitting my US
    identification as requested by their website. I put in a withdrawal request and they have not refunded me.

    Today is January 6th 2014 one month later and i still have not heard from them. My login name and password which has always worked on my laptop,smartphone and two android based tablets is now officially blocked from accessing my account at this address. http://www.goptions.com/

    Yesterday on January 5th 2014 i sent this short SMS message to Amanda Castle who was a Go Options Wealth Management team member.

    Hello Amanda Castle,I submitted five pieces of ID and a $160 withdraw request on December 22nd last month and since that time Go Options has ignored my emails and my refund request. Any ideas as to why this is happening? Jonathan Stokes

    She did not reply.

    Amanda Castles Google Circles link

    https://plus.google.com/108193678675303431852/posts

    In conclusion this entire experience has been a gigantic hassle for me and I am asking for your help in recovering my funds.

    The whole situation reeks of a scam.

    This was an email that i sent to Gooptions requesting my money back and they still have not replied.

    Me
    To support@goptions.com

    Dec 22, 2013

    Hi,
    I am requesting $160 of my funds to be credited back to my card. My initial deposit was $200 as of December 6th 2013. $40 was lost in four trades at the time and I am on a budget. Do not want to lose anymore funds.

    Considering trading more later in the future when i have more to work with.

    Attached is my id and mailing address.

    Thank you.

    Jonathan Stokes

    From my Western Union online account statement.
    Dec 07 2013 07:32:07 PM EST
    (200.00) POS Signature Purchase International GOPTIONS.COM

    Jonathan Stokes
    424 W. Bakerview Rd.
    Suite 105-287
    Bellingham,WA 98226
    USA

    The Gooptions.com physical mailing address is included as a photo attachment under About us.

    In conclusion this entire experience has been a gigantic hassle for me and I am asking for your help in recovering my funds.

    The whole situation reeks of a scam.

    Thank you for your time and assistance in this matter.

    Jonathan Stokes

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    • Cammo says:

      Glad that I readed these coments! Fuu.. already wanted to invest, coz I want to trade 30 sec! Thank you! Will avoid!

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  6. joseluis says:

    Hi,
    My experience has been excellent…so far!!

    regards,
    jose luis

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  7. Goptions Scam says:

    DO NOT!!! I REPEAT, DO NOT INVEST WITH GOPTIONS. I just recently got burned. The representative enticed me with Bonus offer and I got 80% bonus of my deposit amount. I asked him what the withdrawal process was like and he stated that 30 times in trade volume and didn’t clarify. Then I went ahead with trading. After over 40 count of trades performed and wanted to withdraw. I was told I need to make 40x of the 80% bonus. For example, 1000$ bonus x 40 = $40 000 worth of trade to be able to withdraw any money from the account. This is impossible!!!! The bonus locked in my money and right now I backed off and in the process of a dispute. ALL SCAMS. I have prove and screen shots if anyone needs them.

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  8. Karen Kitchens says:

    I was so excited to get on and learn and trade. I had a wonderful man contact me (Ben) and walked me through everything. He was a fantastic person! However, they say same day withdrawal but that does not seem to be the case. First, you have to fill out a form, send in pic ID, copy of the card you used, and a piece of mail then they review it and decide if or when you get your money back!! I have been trying since Friday to withdraw my funds, it is Monday and still nothing. I would NOT recommend this site to ANYONE!!!! Go elsewhere

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  9. Romeo says:

    GOptions is just a pretentious bunch of thiefs and scammers. They just take your money and if you don’t agree with their stupidity, than your money is gone or they will keep it as hostage. I just singed a complain at the police office. I think everyone they scammed should do that. These guy suck big time.
    These people like Jim Avery, Jeffery Burke, Lee Moore, Maya Doron are just scammers and don’t know the first thing about selling services. Just scammers.

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  10. ANtonio D says:

    So I have a terrible experience with theis people and one of there “US” brokers that help people here is the US. I was hassled until i deposited 2000.00 after a month of unsuccessful trading I wanted to pull my remaining $400.00 out and it literally was the worst nightmare ever. After multiple phone calls emails, getting pass around to different people it has been 2 weeks and i STILL have not received my money yet. I get excuses after excuses why it has not happened. I sent an email to the head guy Adam Stone and never got anything back. STAY AWAY from this place there are terrible to deal with.

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  11. Paul says:

    I opened an account with GOption and chat with a service person called Lily to ask her open a demo account for me to practice and she agreed if I deposit my account. So I did deposit $200.00USD to my account and then ask her for the demo account for many times in 2 hours. I got no respond at all. Then I decide to withdrawal my fund.
    When I check my credit card transactions that I only received $151.00USD, not &200.00USD.

    Below is the email with GOptions:

    Adam Stone (goptions)

    Mar 18 04:58

    I would not recommend that as our terms are air tight – http://www.goptions.com/terms-and-conditions/ – Point 11.

    Charging back to us, hell you will probably win after going through a ton of process.
    Also, we will have your information black listed online. Thats your name, card info and details blacklisted by thousands of other binary brokers and operators.

    The General Stone
    COO & CO Founder

    http://www.goptions.com/

    Mar 18 01:25

    Hi Jim,

    Your TERMS & CONDITIONS did not say $49.00USD fees for no trading charge. I did not use any your services. You should not charge me fees. Please refund all my money or I am going to call my bank to charge back.

    Regards,

    Jim Avery
    Jim Avery (goptions)

    Mar 17 21:56

    Hi
    This is actually not an error
    This is the Non-Use Fee we charge for an account that did no trading and was simply deposited into
    This is not allowed by our terms and carries a cost.
    If you choose to return at any point down the line, we will obviously reimburse you in full

    Regards

    Jim Avery
    VP of Support and Customer Service
    GOptions

    Mar 17 21:19

    Dear Sir/Madam,

    I have attached the transaction history for my account on March 11, 2014, that is deposit $200.00USD and withdrawal $200.00USD on same day. But when I check my credit card account transactions that is received $151.00USD back to my credit card (see attached file). Could you please find out the error and refund the amount that was deposit amount of $200.00USD.

    STAY AWAY from this.

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  12. George Gerez says:

    Goptions is one of the best binary options trading platform

    I have 2 year Binary trading experience and I have to say from other trading platforms I used before(Traderush,24option and stockpair) Goptions is remarkably better for the following reasons.

    -You have 100% on your account and your money, meaning no one will call your phone telling you to deposit more money and put whatever amount on the trade they tell you that you should do.

    - 30 Seconds Option for some traders this might seem insane but this tool is terrific if you are experienced enough to take advantage of the spikes in the market

    - Perfectly synced with the netdania Forex charts which is great because you’ll be sure there is 0 manipulation from their side.

    - 24 Hour withdrawal which means that the money you withdraw will be in your account next day or sooner, your account must be verified for this but it only takes 1 day and a few requirements for you to verify it.

    -Customer Service is the best I have experienced in any trading platform, they are really there to serve you and help you with your questions, not like other platforms like traderush that will try to make you deposit more of your money.

    feel free to message me if you have anyother questions about their service to wecameasrandom@gmail.com or even my phone number (US)617-304-4353

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  13. Juan G says:

    Please Please i repeat,do not trade with goptions they are a bunch of scammers as a matter of fact all binary trading platforms are a bunch of scammers if you don’t belive me start trading with one of them and try to withdraw your winnings i also think that michael freeman who has a website is a scammer too because he promotes a lot of the trading platforms such as goptions i wrote my bad experiencei had with goptions on michael freemans website which was never approved to be uploaded to his website because it was something negitive about goptions please keep your hard earned money and don’t give it to these scammers. God bless….

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  14. Matt McFarland says:

    I would ignore any comments from people who forst less than 1k. In addition ones who use bonuses. It is really stupid to even think you can get anywhere with 200 dollars no less then thinking you should withdraw bonus funds. I mean really?? Smh.

    Goptions.com has worked well for me

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  15. mad says:

    So I have a terrible experience with these people and one of there “US” brokers that help people here is the US. I was hassled until i deposited 2000.00 after a month of unsuccessful trading I wanted to pull my remaining $400.00 out and it literally was the worst nightmare ever. After multiple phone calls emails, getting pass around to different people it has been 2 weeks and i STILL have not received my money yet. I get excuses after excuses why it has not happened. I sent an email to the head guy Adam Stone and never got anything back. STAY AWAY from this place there are terrible to deal with. There “US” account manager DANIEL GANT is loser. He will push you and call you 100 times to add more money into your account. Months later I STILL have not seen a dime. this place is a joke and If i ever meet anyof these people in person…

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