72option Review (2023)

Is 72option a scam or legit broker?

72option is 100% fraud company and cannot be trusted. It is owned and operated by Epic Ventures LTD, and claims to be located in Sofia, Bulgaria without being authorised to provide financial services. 

72 Option™ is a Binary Options Trading Broker a brand name of the incorporated Epic Ventures LTD, the company which provides investors with access to trade underlying assets on a Binary Options Trading Platform. The company claims to be located and share an office in Sofia, Bulgaria, however, is not authorized by the local Bulgarian Financial Commission or by any other authority.

Since the company does not hold any regulatory licenses, the world leading authorities have issued its warnings against unregulated financial services provider 72option to prevent clients investments, since the broker targeting consumers in UK, Australia, New Zealand, and other jurisdictions as stated below.

“Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorized by financial regulator Financial Conduct Authority (FCA). However, some firms act without the authorization while some knowingly run investment scams. Based upon the information we hold, Amadicia Ltd/ Epic Ventures Ltd t/a 72 Option, we believe is carrying on regulated activities which require authorization.” FCA, UK

“ASIC advice this company could be involved in a scam. Do not deal with this business as it is unlicensed in Australia.” ASIC, Australia

“The Alert List includes 72option in a list of entities which have come to the attention of the SFC because they are unlicensed in Hong Kong and are believed to be.” SFC, Hong Kong

We advise all investors and traders to avoid 72option and other unregulated brokers. The lack of information about the broker’s regulation, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BDSwiss and BlackBull Markets.