Regulation 40%
Binary Options Choice 75%
Payouts 75%
Software 70%
Demo 40%
Customer Support 65%

Summary

Magnum Options has to address some of the concerns faced by its existing clients and should make it a priority to offer a regulated service. Magnum Options has all the features and products to offer a highly respectable binary options trading environment and has the potential to become a world-class brokerage.

 

 

Magnum Options Review Introduction

It is the primary responsibility of every trader to be aware of the risks associated with the financial markets and to keep their capital protected from financial scams and malpractices. We routinely encounter a considerable number of trader complaints due to their inability to understand the implications of broker scams and fraudulent practices that are prominent in the industry. The risky nature of the financial products and the high leverage offered to traders can have an adverse effect on the community as a whole, which is compounded by the fact that companies purposefully indulge in illegal activities to improve their profits and revenue.

Magnum Options is a pretty established financial brokerage that has been having an ongoing relationship of ups and downs with its existing client-base. The company has a standard binary options service, but there are some aspects of the company that needs improvements in order to operate at the highest level. Most of the genuine binary options brokers in the market have worked hard on creating a safe trading environment for its investors, which is the reason why binary options trading has continued to soar in popularity over the recent years. We provide an intricate opportunity for all investors to get the best information about Magnum Options and their binary options services through this professional binary options broker review.

 

Magnum Options Broker Location & Company Information

Magnum Options is a European binary options broker that does not appear to be regulated by any regulatory authority. Magnum Options started its binary options brokerage in 2013 and is owned by Solaris Vision Ltd., a company located in Sofia, Bulgaria. Bulgaria is a part of the European Union, and the company has its own regulatory agency known as the Financial Supervision Commission (FSC). FSC is authorised by the European Markets in Financial Instruments Derivatives (MiFID) to regulate binary options brokers and financial companies that are operating out of the country, and the FSC also has the freedom to license and supervise all businesses operating across the EU.

 

However, things take a nasty turn for Magnum Options traders, in particular for those investors who have invested in the company for its European roots. Brokers from the EU typically enjoy a privileged position among the global community of traders, mainly due to the regulatory protection offered to investors, and the numerous laws that are designed to safeguard investments and the integrity of the financial markets. Magnum Options, on the contrary, is a European company that is not regulated by the FSC of Bulgaria or any other European regulatory organisation to provide financial services to traders anywhere in the world.

 

The company itself does not provide any reassurances to its clients about the potential for a regulatory license, neither is the company committed to enhancing investor protection through proactive measures. We spent a considerable amount of time to learn more about the company’s market presence and were surprised to learn about the broker’s other binary options brand names that were also operating in the markets without a valid regulatory license. Hence, we have come to the conclusion that the parent company has developed different binary options brands and their associated websites in an attempt to penetrate the highly lucrative retail trading market. We would like to advise our readers to exercise a good amount of caution while dealing with the broker’s products and services.

 

Magnum Options Financial Assets

Magnum Options wouldn’t want to be left behind in the highly competitive binary options marketplace, which is why the broker has offered an array of more than 150 tradable instruments through its binary options trading platform. The market coverage varies from Forex, Stocks, Commodities, and Indices, while there is also the option of trading Pairs along with the traditional financial products. Here is the full list of instruments that are made available to traders:

Stocks: 3M, AXIS BANK, BHP BILLITON, BLACKBERRY, BMW, DEUTSCHE TELCOM, MICROSOFT, RIO T. VS. BHP B., FACEBOOK, F5 NETWORKS, TATA STEEL, TOTAL, TWITTER, PARIS TELECOM, TELEFONICA, TESCO, BNP PARIBAS, BOEING, BRITISH TELECOM, VIVENDI SA, VODAFONE, VOLVO, UNILEVER, GENERAL MOTORS, LAS VEGAS SANDS, DISNEY, EBAY, JP MORGAN CHASE, GROUPON, EXXON MOBIL, GOLDMAN SACHS, CATERPILLAR, DAIMLER AG, DANONE SA, FREEPORT McMoran, MCDONALDS, FIAT, PETROBRAS, NISSAN MOTORS, ORANGE S.A., PFIZER, PUBLICIS GROUPE, RENAULT, RIO TINTO, RIO-AU, S BANK INDIA, SAB MILLER, SALESFORCE.COM, SEARS HOLDING, SIEMENS AG, STARBUCKS, NETFLIX, MASTERCARD, BIDU, BANCO SANTANDER, DELL, IBM, ALLIANZ SE, ANZ BANK, AIG, LINKEDIN, LOUIS VUITTON, BARCLAYS, DEUTSCHE BANK, DEUTSCHE TELECOM, AMAZON, STRAITS TIMES, TURKCELL (TURKEY), TATA MOTORS (INDIA), (US THOMSON ), BAE SYSTEMS (LONDON), ROLLS ROYCE (LONDON), HSBC HOLDINGS (LONDON), COCA COLA (US), SBERBANK (RUSSIA), LUKOIL (RUSSIA), GOOGLE (US), BP (BRITISH PETROLEUM), GAZPROM (RUSSIA), NIKE (US), APPLE (US), CITI (US — CITIGROUP)

Currencies: AUD/CHF, USD/SEK, NZD/JPY, EUR/SEK, BitCOIN/USD, AUD/NZD, NZD/USD, GBP/CHF, CAD/JPY, AUD/JPY, GBP/JPY, USD/ZAR, USD/SGD, AUD/USD, USD/CHF, USD/RUB, USD/BRLC, USD/TRY, EUR/GBP, EUR/JPY, USD/CAD, USD/JPY, GBP/USD, EUR/USD

Commodities: COFFEE, CORN, GOLD/EUR, GOLD, OIL, PLATINUM, SILVER, SUGAR, WHEAT

Indices: DOW FUTURE, TZA-SHORTX3, BOVESPA-F, FTSE 100 (U.K), FTSE FUTURE, STRAITS TIMES, KL FUTURE, ASX FUTURE, ASX (AUSTRALIA), SSE180 (SHANGHAI STOCK EXCHANGE), BOMBAY SE, KUWAIT (KUWAIT GENERAL INDEX), QATAR (DSM20), EGX 30 (EGYPT), TADWUL (SAUDI STOCK EXCHANGE), MSM 30 (OMAN), DAX (GERMANY), DAX FUTURE, NIFTY, OMXC20, PSI20, RTS FUTURE, S&P FUTURE, NASDAQ FUTURE (US — NASDAQ 100 FUTURE), S&P FUTURE (US S&P 500 FUTURE), CAC, CAC FUTURE, SHENZHEN300, SMI FUTURE, TNA-LONGX3, TSK60, NIKKEI FUTURE, VIX, SSE180 (SHANGHAI STOCK EXCHANGE), HANG SENG (HONG KONG), HANG SENG FUTURE, IBEX, IBEX FUTURE, JAKARTA SE, KOSPI, BOMBAY SE, DUBAI (DUBAI FINANCIAL MARKET GENERAL INDEX), FAZ-SHORT, TEL AVIV 25, EGX 30 (EGYPT), MSM 30 (OMAN), MICEX 10 (MOSCOW INTERBANK EXCHANGE), ISE 30 (ISTANBUL STOCK EXCHANGE), NASDAQ (US), S&P 500 (US), DOW (US — DOW JONES INDUSTRIAL AVERAGE)

Pairs: FTSE F VS CAC F, GOLD VS OIL, BMW VS DAIMLER, BMW VS RENAULT, VODAFONE VS ORANGE, AMAZON VS EBAY, GOOGLE VS BAIDU, FACEBOOK VS TWITTER, LINKEDIN VS TWITTER, McDONALD’S VS STARBUCKS, AMAZON VS NETFLIX

 

Magnum Options Binary Payouts

Traders should not expect Magnum Options to provide a high return on binary options trades, especially for the traditional high/low options, as the maximum payouts for regular options are pegged at 81%. 81% is slightly lower than what one would expect from a binary options broker, as several competing companies may be able to offer an average of 85% payouts across their products portfolio. In some extreme cases, binary options brokers may also provide returns as high as 95%, all the while offering a refund of up to 25% for out-of-the-money trades. Magnum Options does not offer any kind of refunds for losing trades, and the average payouts are in the range of 60% to 81%.

 

The broker does offer different binary options products with varying levels of payouts and expiry times. The most popular option is the regular Binary high/low, while options such as Pairs, long-term, and 60 sec are also widely adopted by traders. However, if you are looking for the maximum profits, and if you are comfortable with your risk threshold, the One Touch and Ladder options may provide higher returns. In the case of Ladder options, you may be able to enjoy up to 1500% returns for right options, but realistically, one should expect to enjoy anywhere from 300% to 600% for most options.

 

The investments required per position are also higher than the traditional binary options available at other leading companies, as Magnum Options has set a minimum investment amount of $25, and a maximum limit of $3000. We don’t really mind the investment ceiling enforced on traders to control the risk exposure, particularly for smaller investors, but the minimum investment amount should be lowered to the more manageable $1 figure. Regardless, the maximum limit may be unsuitable for larger investors, mainly due to the higher account categories that are reserved for larger depositors and account holders.

 

Magnum Options Trading Platform

The Magnum Options platform is a tried and tested trading interface, which is a customised version of the SpotOption trading platform. The SpotOption interface is a third-party binary options platform, which is developed to provide trading support for companies that do not have the resources or the technical prowess to develop a branded or proprietary trading software. The SpotOption is a part of the highly popular and feature-rich binary options platforms in the market that have excellent reliability, performance, and trading features.

SpotOption was developed by its creators to function as a standalone web trading terminal, where all account and trading activities are facilitated through a web browser. SpotOption is highly advantageous in that sense, as traders need not download or install any platform on a dedicated trading device. The web trader is also a great option for traders who don’t have access to a dedicated trading terminal, or for traders that wish to trade binary options on the move.

The Magnum Options platform and trading layout can be customised according to a trader’s preferences. Aside from the regular binary options products, traders also have the opportunity to follow the strategies of other successful traders by using the Spot Follow feature. The Spot Follow is a unique tool that is developed to aid amateur traders in their quest to improve their trading performance, but this tool can also be used by professional traders to enjoy added gains or to support their trading strategies.

 

 

Trading With Magnum Options Mobile App

Most brokers that have adopted the SpotOption trading platform rarely provide any dedicated mobile apps for their traders, but there are exceptions to this case. As far as Magnum Options is concerned, the broker does not have any dedicated mobile apps for any smartphone or tablet OS. In fact, the non-availability of Magnum Options apps for mobile trading may not be favoured by existing clients, but the broker counts on the responsive layout of its SpotOption platform to facilitate mobile trading for all traders through the web browser.

 

Magnum Options Payment Methods

There are three different account packages, which are further classified into additional categories to take the total to five different types of trading accounts. The minimum deposit required for trading at Magnum Options is $200, which grants traders access to the Beginner account. The Beginner account is available for all traders who make a deposit of up to $5,000, for which the broker does not offer any prominent account features or benefits. For the same amount of deposit, other mainstream companies may be able to offer VIP accounts, and may even qualify for trading signals and advanced training courses.

 

The Education Account and the Advanced Account are considered to be premier account choices, which are both divided into Semi and Full accounts. The minimum deposit requirement for these accounts starts from $5000 and can go all the way up to $100,000. Some of the unique account advantages include access to a dedicated account manager, academy sessions, trading webinars, and trading insurance. Advanced account holders can receive more benefits in the form of extra payouts on binary options, interest on account balance, and increased trading bonuses, as well as trading insurance.

 

The Magnum Options minimum deposit amount may not be as small as some of the other minimum investment requirements provided by leading binary options brokers, but the $200 figure is lower than the average minimum deposit requirement of $250 that is charged by a majority of online brokers. The real issue with Magnum Options payments is that the broker only supports credit/debit card payments or wire transfers, and there is no option for making a payment through e-wallets or online payment processors. There are also some known issues with the company’s withdrawal policies, which may make it risky for traders to invest large sums of money with the broker.

 

 

Magnum Options Bonus & Trading Insurance

Beginner account holders or deposits up to $5000 do not qualify for any bonus. The broker only provides a bonus for Educational and Advanced account holders, which offers a bonus from 50% to 100% of the entire deposit amount. The broker also offers trading insurance for these account holders, which can provide up to 100% protection against losing trades. The trading insurance may seem like a novel concept, but traders must understand the risks and trading conditions that are associated with these insurance programs and the bonuses offered by the company. If you do not feel comfortable with any of the bonus terms and conditions, you have the freedom to deny the bonus at any time before redeeming it or using it for trading.

 

Magnum Options Demo Accounts

A demo trading option is only offered for clients that have a live account and is activated only after making a deposit. Under normal circumstances, the demo account should be provided free of cost, but Magnum Options does not offer a free demo, regardless of the availability of free demo accounts at competing binary options brokers. We are also worried about making a deposit for demo trading, as we are not sure whether the broker will honour its clients’ withdrawal requests if the trader does not wish to continue with the broker’s services.

 

Magnum Options Customer Service

The broker has the usual customer service channels such as live chat, phone number, web contact form, email address, and an official physical correspondence address, which should be sufficient for most traders. We are glad that the company has chosen to be transparent about its contact information, and has not followed the dubious practice of remaining anonymous to its clients. Regardless, we have seen some traders complaint about the overall efficiency of the customer support departments, and some clients have even experienced complete blackouts. You should keep evidence of all correspondence with the broker so that you can have ample evidence if things do go sour.

 

Magnum Options Training

As we previously mentioned, training materials and webinars are only available for larger account holders. Beginner traders should be content with a few beginner courses such as educational videos, an online eBook, weekly market reviews, and an account manager access for one week. However, if you do make a higher deposit, you can enjoy strategy webinars, personal account manager access, Academy sessions, and even daily market reviews by email.

 

Magnum Options Verdict

PROs

  • The minimum deposit requirement is lower than the average deposit prevalent in the market.
  • The broker offers an excellent bonus program for larger account holders.
  • Trading insurance provided to higher account categories.
  • Offers a good collection of training resources.

CONs

  • Not a regulated binary options company.
  • There are some issues with withdrawals.
  • Higher account categories are expensive.
  • No demo account.

 

FAQ

Is Magnum Options Regulated?

Magnum Options is not a regulated broker, even though the company has its official headquarters in Bulgaria, which is a European member nation.

 

How Do I Open An Account?

Users can open an account by registering with an email address.

 

What Are The Account Funding Options?

Account funding options for both deposits and withdrawals are limited to credit/debit card payments and wire transfers.

 

VISIT MAGNUM OPTIONS

65 Comments » for Magnum Options Review
  1. tammy says:

    it is not real

  2. Melvin says:

    Did anyone tried wealthrecoveryinc to help getting your loss money from magnum options?

  3. Jay lee says:

    it is shit site
    as it scam me 6.5k for joining the bonus and said it is risk free the aim is to trap all your money inside the site, fuck website and broker as well as all the account manager are shit as they just want to cheat your money and ask you to deposit more, i hope they have bad karma in their life forever and next life. and their generation, all evil peoples inside.

  4. Denny says:

    It is scam site. It is really difficult withdraw money.Don’t deposit money.!!!
    I requested my card cancellation the day after deposit. I did not any trade. I just joined and deposit money. But they refuse money back because they request more exact document information. Even though win the game there is no way to get back money.

  5. James Bloo says:

    Hi – i got started with MO in Sept 2016. i started with 5k initial investment, invested a further 10k and successfully withdrew 5k. a positive from the successful withdrawal is the account manager actually CONTACTED ME to help expedite the process. whether its all part of some roundabout way of getting my trust i don’t know but the simple view is that this is to be taken as a positive sign.
    profits wise i cannot complain about MO. I have made 25k in 5 months and all from their tips followed by and large to the exact $.
    the issue/question i face is withdrawing the remaining original investment and the profit.
    having read the various bad experiences i will try to make the right noises and if the profit continues to grow look to drip feed some more out.
    it seems a call that says you are getting suspicious or worried will be counter productive.
    i am not worried about their quite pushy manner in trying to get more money. they are a business end of day.

  6. jan says:

    i am worried now, since they forked £2700 from me..how will i withdraw my money ? hope i can..

  7. Steven Clark says:

    Being new to binary options and inquisitive about them as an investment option, I joined initially with US$250.
    Quickly I had a smooth operator on the phone to me saying he was a senior analyst talking up binary options and asking me to deposit another US$9,750 on the promise that he would personally manage my account and wanted to turn my account into a managed one (US$100,000) and received a bonus. I duly did. NEVER APPLY FOR THE BONUS – YOU WILL NEVER GET YOUR MONEY OUT.
    I then dutifully did all the Academy courses and was given some one on one training also.
    Initially he provided signals to me with some success.
    Then things went pear shaped pretty fast.
    I got an email from him saying he was leaving Magnum Options.
    Another analyst then emailed me saying she had taken over my account.
    I received a call from her. She was only interested in me investing more and when I told her that I would not until I saw a return on my investment, she quickly disappeared.
    This same approach repeated itself with a succession of account managers.
    I then went hunting for signals myself with various apps but without success.
    My balance has dwindled and I am resigned to having lost my money.
    In my experience and opinion, Magnum Options is a scam.
    It promised a level of support which was not forthcoming. It knew that left to my own devices, it would get my money eventually.
    All support and signals evaporated long ago.
    And why would it help me to make money anyway. It is Magnum Options that would have to pay me out after all.
    I’ve learnt my lesson, and if anyone is contemplating joining Magnum Options, my advice would be DONT.

  8. Amelia says:

    This guys are trained robbers, I put in £2,720. After all the interested made was taking away by them obviously, I tried withdrawing my capital and I was sent an email saying , I can’t withdraw, it’s so unfair that lies are been told to the public. Something has got to be done, who has an idea what legal actions we can take to recover our monies. I don’t want to let go of my hard earned money.

  9. Melvin says:

    I have my money hunging inmy account. Who can help me get that money back to my account.

    Please help

  10. brian karchuy says:

    I don’t know what planet you are living on. Magnum Options was in constant email and phone contact with me till they had $US 54,000 of mine in their clutches, but they would not answer any questions I posed about my account, not even to give me a statement showing the amount invested, the amount earned, and all those financial disclosures any reputable company would provide without having to be asked. Now that I have had it up to the back teeth with them, and told them I want my money back, there is just stone cold silence from the ‘account manager’ and the accounting department. I am having to accept that I will never see my money again. What I need from you is information on how I can proceed from here, assuming that you hold to your glowing recommendation. I’d be thrilled to be proven wrong about them.

    I’ve discovered that I’m not alone. Thus far I’ve read about 100 accounts from people around the world, all of them describing the same dismal scenario. If you really believe what you said about MO above, send me information in how to make this right, like an address connecting me to anyone in that organization who will see that justice is done.

    If I don’t hear from them soon, I’ll begin forming an international vuctims’ network with a view to exposing this scam. There must be at least one authority that can turn the thumbscrews on them. Meanwhile, I suggest you stop saying they are reputable, as you are only sending other people into this giant trap.

    Brian

    • Dayjay says:

      Don’t be deceived by the recommendations given about Magnum options.I had some trades in open positions and also had over £10K in the account for withdrawal. These guys did not answer my emails. Of course you can’t get them on phone. After a month, one account manager called me that since I had already lost over £20K that they micro-manage my account all by themselves with the £10K in my account to bring my account back to what I had already in 3 days, then I can withdrawal my invested capital. I refused, but this guy kept pushing over and over. At that point, I knew my money wasn’t coming back. I told them to go ahead. They traded with the money with the space of an hour, and every pence was gone. If they have not traded with your money, keep pushing to get your money back. DO NOT AGREE TO TRADE WITH YOUR MONEY. Pease do not fall for any positive review about magnum options..

  11. Dayjay says:

    I just lost £21,500 with magnum options. I wish someone had advised me before trading with them. Please run when you hear the name magnum options. You would lose your money. These guys are trained scammers, pushers and thieves.

  12. Liz. says:

    Wow how did I miss these reviews😔 I googled this site and went on their recommendations that Magnum Options was legit. Obviously I didn’t scroll down to reviews.
    I have found the same treatment, I deposited the minimum amount of $300AU within 24 hours I had a call from the company wanting $1000. Told them I didn’t have that about to invest.
    Couple of days later in conversation they discovered I had a small business they then wanted $3000-$5000. UNFORTUNATELY I BORROWED $3000 and deposited in Magnum Acc. The lady was very pushy. Insisted to get maximum benefits I needed up to $10,000.
    Advised them if I had a lazy $10k hanging around I sure as hell would not invest it on an Overseas Company.
    Continued ringing non stop up to 5 times a day.i just ignored their calls.
    It was just harassment from them.
    Had another company ring from America conducting a follow up survey regarding Magnum Options. I gave them a blast and said they were a bunch of crooks, with harassment tactics.
    BIGGEST MISTAKE I HAVE EVER MADE IT LOOKS LIKE I HAVE LOST MY $3000 and worst of all I borrowed it at 16.5% interest.😡😡😡
    I tried to email my id docs through and that’s when the penny dropped for me as my email was returned to me as ( the Magnums Rep email did not exist..?????)
    So now here I am writing my woeful little tale with Magnum after reading everyone else’s experiences. I really thought they were legitimate, WHAT AN IDIOT I WAS 😳😡😡😡

  13. Vikki says:

    How can you rate these guys this well when there are so many negative reviews? nakes me wonder if your site is legit

  14. clara says:

    Are they really located at 1421 Sofia City, Sofia District,
    Metro Municipality, Lozenets Region, Kozhuh Planina
    No. 17, Bulgaria.

  15. clara says:

    My account is still open, has almost $145,000. I tried to withdraw, was denied . Sent 1 M e-mails but I can’t . Please keep out

    • a123 says:

      wow you have so much money in their account, its very dangerous.
      I too deposited small amount of funds and all lost. Then the account manager keep on calling and calling.
      after reading the remarks given by all the people in this blacklisted forum. I think I’ll stop investing with them any more.
      All the people working in magnum options are shit!!!! and evil people from HELL!!!!

  16. Sheldon says:

    I activated the account yesterday and received a call this morning from an account manager. He asked me all the personal questions, How much money I earned, savings accounts and loans I have ect. He told me he wanted this to be a long term and honest relationship. He directed me to Magnum’s web page and said these are your options and I told him I had no experience. He told me that I had to buy the 5K elections package to have an account manager. I flat out told him I this didn’t feel right because I signed up from the Walter Green video the Free Money System that was posted on may Facebook page and then it seemed like a front for Millionaire Blue Print Program and now I get a call from an account manager from Magnum Options. No one has been honest with me from the time I clicked on the Facebook video. I told him this and that I didn’t trust your company and you need to let me go off of the phone now and need to think about it. I started researching reviews and I am glad I did I am not going to spend one more dime with Magnum Options. I am going to try and get my $200.00 activation fee back

  17. MIKE says:

    THEY ARE OUTRIGHT SCAMMERS YOUD BE A FOOL TO TRUST THEM ,I DID ONCE BUT NEVER AGAIN ,PUSHY ROOD ,SCAMMERS ,SHIT HOLES OF THE PLANET .DONT BE A FOOL KEEP YOUR $$$$$$$$$ FROM THEM AT ANY COST ,IM WAITING FOR MY 200 USD BACK ,I MAY GET IT IN A MILLION YEARS BY THE SOUNDS OF IT ..

  18. Leo says:

    I had terrible experience when magnum option. I did a wired transfer for 500 as their ad asked. Took them almost a month to figure out where the money went. When they’ve finally figured out where the money went, their "coaches" and representatives were only interested in asking for more money invested unlike what their ad said. I’ve experienced missed appointment with their reps. Their phone were consistently statically. An hour ago, I had a call from a lady with the organization asking for another 15 thousand dollar before they can start investing. She was extremely pushy. I replied that the company has to start regain my trust before I can invest any more with magnum option. She refused to listen and started screaming at me, "then start pulling your money now." I’ve never had such rude and unprofessional customer experience in my life.

  19. Alex says:

    I wouldn’t trust them, they seem like a bunch of scammers to me. Sound like those Indian scammers.

  20. Sean says:

    These guys scammed me of 2460$. I won in the trades and when I tried to withdraw, they denied my request and closed my account. They are scammers dont trust them

  21. Leanne says:

    Joined these guys on Monday (3 days ago). Lady that called was VERY pushy- Forced me to deposit the 200USD saying "Its so easy to withdraw if you change your mind’. BS!!! After reading reviews and when the "Account manager" called me I realized the mistake I made. The Account manager was trying to force me into depositing $5000 (yea, OKAY) When I firmly said "NOT GOING TO HAPPEN" he was very arrogant and condescending saying "have fun paying your mortgage". Spent the last 2 days trying to get my money, they are asking for copies of my ID- utility bill- credit card copy. On their website it says this information is required upon "DEPOSIT AND WITHDRAW". When I pointed this out they said its "REQUIRED TO GET THE MONEY WITHDRAWN", I replied "YOU DIDNT TAKE IT WHEN I DEPOSITED THE MONEY I AM NOT GIVING IT TO YOU TO GET MY MONEY BACK!. I told them I was contacting my bank to see if this was even allowed- they ended up coming back to me and saying "We don’t need the documents, we have withdrawn the money it will be processed by tomorrow AM". Long story short, These guys are money hungry and pray on ppl’s hopes to be "RICH". DON’T BE A VICTIM- Thankfully I didn’t lose anything!

  22. Sam says:

    I joined up recently also, and gave the only initial deposit only.
    All the Magnum Options people speak with Eastern European Accents, and other fake accents. They all have fake English-sounding names like ‘Mather Dillon’, ‘Chris Miller’, etc. They are very pushy, nosy, and ask personal questions like how much money I have in my savings account. They will say anything to try to make you commit more money. I also found out that they operate from Israel, not from England.
    Do not commit to them. I hope you people get your money back. As I too expect to have my money back. if i don’t I’m going to get them… and trust me, it isn’t about the money.

    • Sam says:

      I GOT MY MONEY BACK…. I stood firm, didn’t do any trades, refused to join up for their mini-accounts… and legally they can’t do anything with that money I guess… I cancelled my card just in case… because I started getting a lot of ‘frozen bank account’, ‘lost money’, and phisting site spam to my email address after i joined up with magnum. I kept a $0 amount in the bank account linked to my card right after their account manager pushily tried to do a ”partial withdrawal” with my card details while trying to talk me into it. if you signed up, gave the initial deposit, and want out of this scammy operation…. don’t make any trades, leave your bank account at $0, and don’t let them trade with your money. I got my money back 8 days after joining up. Good Luck to everyone.

      P.S.: i also shouted at them over the phone, and directly called their London operation and threatened to make a big fuss… that might have helped – but to each his own…

    • MIKE says:

      Yeh same here they pushed for more money above the 200 usd i put through on my debit card, i saw some comments re their trading ,i cancled my card ,told them id like my refund,thet said is the card you used still current i told them yes but it wasnt they said we need you full card number and the 3 digit number also.to confirm your account ,i told them you have the info ,i ve sent several emails to them alwasay busy ,so today i got a guy called roman he said is the card number still current we will refund to it ,i said no its cancelled ,so they said is the bank account still open i told them it was so in 2 more days i may or may not get my 200 usd back ,DONT GO NEAR THESE GUYS THEY ARE BLOODY SCAMMERS ,I LEARNT THE HARD WAY

  23. Donut says:

    He said he didn’t want our money but what’s the $200 and only 10% back

  24. lala says:

    They will let you trade, but you will never be able to withdraw anything
    Please don’t go with this company

  25. Scott says:

    I gave this company $400 USD to trade with. I didn’t have the money they asked for so I offered to do trading myself, I had some successful trades and unsuccessful trades. What made me suspicious was I believe the trades were sometimes manipulated to lose because the assets would stay clear of the strike rate then within the final 60 seconds before expiry time the assets would either suddenly go up or down and the asset loses. This has happened to me more than once. I wish I never signed up with them.

  26. Colleen says:

    Wish I read these first! DONT DO IT!! Took £200 as planned, then try and get another £1000-£5000 off me! Had to block card! Making it impossible to understand them taking more cash off you! Chasing to get £200 back. God help them if I don’t! 😉

    • Sam says:

      I know. When you say you don’t have enough money, they claim they will try a partial withdrawal with you card and CVV number… the cheeky _____! I immediately shifted my money online while keeping him distracted. These people are leeches.

    • MIKE says:

      did you get your 2000 usd back ?????//

  27. claire Rukundo says:

    I just lost $ 50, 000 with magnum . I trusted the account manager followed his instructions but everything was lost . At the end he offer me bonuses $25,000 . I will never advised anyone to to go with magnum.

  28. John Bell says:

    Very pushy sales people on the phone trying to get me to give card details over the phone, when I asked for more details about the company the operator got rude and hung up

  29. Rose says:

    Hi, I need help. I had no experience in trading and was told they would hold my hand. Once they got my money I felt totally abandoned with a few returned emails. I asked to withdraw
    my money and they told me I couldn’t. I did no trades and went to make a trade and my account is at 0. Any suggestions what I can do. Thank you.

    • claire Rukundo says:

      They target foreigners money. We have to approach our respective govt. to protect us and make sure no one else is affected.

  30. David says:

    Dont invest with these guys. They do not help ‘take you under their wing’ until you up your deposit to $5000 plus. They will leave you solo to lose your minimum deposit then mock you as a way to push you to increase your balance. Calling multiple times daily.

    As for return on investment… the returns are poor compared to real markets. You have flat win amounts regardless of how well your calls and puts are in the money.

    Deposits are easy not even having to complete the account process. Withdrawls are not and if you apply for a bonus it is very unlikely you will get money out of this.

  31. Dave says:

    These people are awful nasty

    • Dave says:

      Once you register with them to see who they are…they will not leave you alone, they are very separate people to get your money.They will not stop calling you even after you told them, not to 25 times to be exact…they still call…

      DO NOT DEAL WITH THEM < THEY ARE LEACHES<

  32. David says:

    It is not a scam and Magnum (and Boss Capital who are linked in some way) are actually very professional. However it is risky. It is possible to lose your shirt if you don’t learn what to do and develop a strategy first. If you open an account with a few hundred quid and play around with trades you will eventually lose the lot. But if you have an account manager who provides signals (basically tips), and if you limit your exposure at any one time to 20-25% of your balance and spread that amount over at least 4 trades, you have a good chance of success. My account manager works very hard, communicates well (most of the time) and has helped me grow my account by 25% per month for the last 6 months. I have had several losing trades but many more winners. The key is not to be too greedy – steady, steady catches the monkey. In the time it has taken me to pen this, my Disney trade has come good and turned my £250 into £442.50. On my own I would lose, with my account manager I am winning. I may eventually lose, but it is definitely not a scam.

    • fardeen says:

      Do you withdraw any amount from them ?

    • Sam says:

      yes i am curious, were you able to get any of the money back from these vampires

    • Dave says:

      They seem friendly and positive then once you deposit a minimum amount they want a larger deposit before they ‘take you under their wing and mentor you’. After you say something like i want to see some positive performance before i top up my account they respond with something like i think you should just withdraw your money we dont deal with such small accounts its embarrassing. Try pulling your money out… any real company has no issues paying out.

    • David says:

      Sure there are wins but until you withdraw cash go away. You likely work for Magnum

    • Michael Conlon says:

      My experience also

    • clara says:

      Did you really withdraw anything?
      Magnum options is a scam and full of thieves

  33. Jason says:

    leave me alone u work to get rich not to help people my life is fucked my car is fucked I may lose my job any way shud have know it was a scam from the word go get a woman to do ur fucking dirty work and some kids perfectic bastards

  34. Anthony Grippaldi says:

    If you are trading with Magnum Options do not accept BONUS. In the beginning they get you trading by offering bonuses such as “Guaranteed Profit Trade Agreement” or “Risk-free Trade Agreement”. They entice you with trades you cant loose because of the agreements. However you are locked into required trading before you can make a withdrawal. If they give you a $5000 bonus There is a multiplying factor that could be 20, 30 or 40. So if you get a $5000 times 30, you have to make $150,000 in trades before you can make a withdrawl from your account. This is how they lock you in. If you don’t trade you can’t get your money and by the time you make $150,000 in trades you will probably loose your money. To satisfy this example you would have to trade $1,000 a day for 150 days or 1500 days if you trade $100 per day to make a withdrawal, if you have anything left.

  35. raymond long says:

    deposited 200.00 dollars got call from broker told me to take my money back he needed at least 2000/00

  36. Carl Ross says:

    When you sign-up for an account with Magnum Options you will immediately notice that you are dealing with highly professional individuals who will take care of you from the moment of your registration up to the point where you need help to fix some errors regarding your trade. I think I will be trading with them more often.

    • Rose says:

      That was not my experience at all. It was a gong show.

    • Kay says:

      They are scam please don’t take there calls or listen to there options it’s all scam .They never give up calling every day never taking no for answer

    • WAYNE KEAR says:

      Join LOOK STAY AWAY FROM BINARY OPTIONS ,98 %ARE OPERATED BY WH ITE COLLAR SCUM ,I HAVE LOST THOUSANDS ,BUT THE FAULT IS MINE ,FOR EVER RISKING MY MONEY WITH STRANGERS OUTSIDE MY OWN COUNTRY ,THE SCUM THAT RUN THE CON HAVE NO CONCIENCE WILL DO ANYTHING TO GET YOUR MONEY A CURSE ON THEM AND THERE KIN

    • David Chambers Australia says:

      Fact Professional scammers my deposit 3 months ago never acepted to date lodged in Bejing China Requested Return has been given bullshit excuses since.All facts on my computor Warning-Warning-Warning.

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