Option94 Review (2023)

Is Option94 a scam or a legit broker?

Option94 is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, never monitored in terms of its safety and simply may operate the business in any way it wishes.

Option94 is a Forex and cryptocurrency broker. The company is owned and operated by Lunoforex PTY Limited and claims to have offices in the UK, Australia and the United States. According to the information on the website, Lunoforex PTY Limited is an Australian company and is licensed by the Australian Securities and Investments Commission (ASIC). They even provide the scanned copy of the license that clients can download and check. However, we have checked the register of the Australian regulator and there is no record about the broker or owner-company.
One more confusing thing is the information about ICC Intercertus Capital Limited. The broker states that all the clients’ funds are kept by this company. ICC Intercertus Capital Limited is a CySEC-regulated entity, however we didn’t find any connection between these two companies.

Conclusion

To sum up, Option94 is an unregulated offshore broker that cannot be trusted. As one of the most important things when choosing a broker is whether it is licensed or overseen by any of the financial authorities. Generally, we recommend trading with financial services providers licensed by one of the most respected financial regulators – the Financial Conduct Authority or the Australian Securities and Investments Commission. Check the list of the ASIC-regulated brokers.

Option94 website is no longer active.