MobilizOptions review – 5 things you should know about mobilizoptions.net

Beware! MobilizOptions is an offshore broker! Your investment may be at risk.

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Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

The MobilizOptions low-quality and messy website makes it hard to believe claims that it is a well-established investment firm. Fact-checking leaves no doubt that this is yet another online scam. In this review, we’ll take a detailed look at why you should stay away from such websites and how you could find a trustworthy and reputable forex broker.

MobilizOptions Regulation and safety of funds

When you visit the website of a legitimate broker you can expect to find clear and detailed information about the company that owns and operates it, where it is based and what regulatory regimes it is subject to. Licensed financial services providers are also required to provide a comprehensive set of legal documentation.

MobilizOptions does not provide access to Customer Agreement, Terms and Conditions or other documentation.

On the homepage of the website we first see an image of a purported UK Certificate of Incorporation. The document, which turns out to be a fake, is in the name of the company Cryptopor24 Ltd.

In the footer of the website the name of the owning company is spelled as MobilizOptions.net LTD. Contact addresses in Canada and the US are listed.

The FAQ section states that the company behind the website is called MobilizOptions LTD and is based in Canada.

Such discrepancies are typical of financial scams. A check of the records of the relevant regulators shows that MobilizOptions  is not authorised in any of the jurisdictions mentioned. In fact, financial authorities in the Canadian province of Ontario have issued a specific warning against MobilizOptions.

When choosing a broker through which to invest in the financial markets, you should not only make sure that all the information required by law is available, but also that this information is true. Always check that the company is indeed on the records of the specified regulator and that the domain used is among those officially approved for the particular broker.

Under no circumstances should you trust your money to such websites full of false and contradictory information. Instead, you can turn to one of the many companies that really work under the supervision of respected regulatory bodies like Cyprus Securities and Exchange Commission (CySEC) or Financial Conduct Authority (FCA) in the UK.

As their customer you will enjoy a number of guarantees including negative balance protection and guarantee for your funds if the broker goes bankrupt, which goes up to EUR 20,000 in EU and 85,000 GBP in the UK. Regulations in the UK and EU include some important measures designed to improve investor protection and promote market integrity and transparency, such as transaction reporting. Regulated brokers are also required to segregate their operational funds from the client’s money.

MobilizOptions Trading software

It seems that MobilizOptions does not have trading software. On the homepage of the website we see a poor imitation of a trading platform, which includes shares of Apple and Gazprom. We have seen this fake trading platform on numerous scam websites. There is no trading software whatsoever on the MobilizOptions’s dashboard.

Legitimate brokers offer clients a wide selection of trading software, including desktop, mobile apps and web-based platforms. The most widely used platforms in the industry are MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

MobilizOptions Trading instruments

MobilizOptions advertises forex, cryptocurrency and binary options trading. As we have seen, this website has no legal authorisation or technological capacity to facilitate trading in financial instruments. In addition, most financial regulators prohibit binary options trading and the trading of crypto derivatives is prohibited in the UK. So these claims are further proof that we are dealing with a scam.

MobilizOptions Spreads and cost of trading

MobilizOptions does not provide any information about the trading conditions it claims to offer. On the website we see a list of investment plans promising high and secure returns. Genuine forex brokers provide detailed information about the trading conditions. Legitimate companies also offer different account types to suit clients with different experience, capital and investment intentions.

Legitimate forex brokers offer a variety of trading account types tailored to the needs of clients with different capital and investment intentions. These brokers also provide clear and detailed information on trading parameters – leverage, spread, commissions, order execution method, etc.

MobilizOptions Maximum leverage

High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders.

If you are willing to take the risk of trading with high leverage and benefit from bonuses and promotions, the best option is to invest through an offshore division of an established brand.

MobilizOptions Deposit and withdrawal methods

At the time of writing this review the deposit menu was not active. We were therefore unable to ascertain what payment methods were available.

Experience has shown that fake brokers routinely advertise conventional payment methods, but actually steer their potential victims towards cryptocurrency transactions. This not only guarantees them anonymity, but also deprives the defrauded of the option to request a refund or chargeback.

Legitimate brokers typically offer clients a wide choice of transparent payment methods, including bank transfer, credit/debit cards and established e-wallets such as PayPal, Skrill or Neteller.

MobilizOptions Minimum deposit

MobilizOptions requires a minimum investment of 200 USD. For a lower amount you could open a trading account with a licensed, regulated and established forex broker.

MobilizOptions Withdrawal requirements

The lack of a publicly available Terms and Conditions or Client Agreement means that scammers may have set many traps such as hidden fees and impossible-to-meet  withdrawal terms.