Wilton Option Review – Truth Behind WiltonOption.Com Scam
Forex trading is risky and challenging, but it is even riskier and harder because of scam brokers that pretend to be genuine brokerage firms. In today’s analysis, we deal with a textbook case of an investment scam–the Wilton Option broker.
Despite its legitimate-looking website, everything stated by this shady brokerage company can’t be taken for granted. Its fallacious information is used to lure traders into its scamming scheme.
It first starts with baseless statements about how Wilton Option is the best broker based in Switzerland and continues with fake promises of exceptional trading conditions, an award-winning platform, and the safety of funds. So, continue reading our Wilton Option review to find out the truth behind the WiltonOption.com scam.
|Address||3 Bahnhofstrasse, Zurich 8001, Switzerland|
|Minimum Deposit||250 EUR|
Wilton Option Regulation and Security of Funds
Let’s start with the security of funds that is ensured by regulations enforced by financial authorities through licensing requirements.
In other words, all brokers must be licensed to operate legally, which ensures the protection of your money. Speaking of Wilton Option, two main issues associated with this phony broker put your investment in jeopardy.
First, this bogus brokerage firm allegedly claims that it is registered in Switzerland, which is one of the top jurisdictions regulated by FINMA (Swiss Financial Market Supervisory Authority).
However, after checking the Swiss Business and Enterprise Register, there are no details about Wilton Option—indicating that it is an anonymous entity that can’t be trusted.
Second, suppose Wilton Option is headquartered in Zurich. In that case, it should be authorized by FINMA to provide financial trading services. Not only that it is not licensed by FINMA but is blacklisted by this financial market regulator.
Not only that, the Italian watchdog (CONSOB) also warns against this company. If we put it in another way, Wilton Option can be involved in fraudulent trading activities and get away with it.
Therefore, it leads us to the conclusion that this company represents a significant risk for traders and should be avoided by all means. If you want to invest with credible brokers, we have given a list of some most trusted forex providers later in this article.
Wilton Option Supported Trading Platform
When it comes to the Wilton Option trading platform, it fraudulently promises advanced trading software. What is described on its web page is nowhere near enough to the real capabilities of its trading program.
Simply put, the Wilton Option web trader is in no way a top-notch program that can deliver fast execution, a user-friendly experience, trading on different devices, interactive charts, and over 150 tradable assets.
For profitable and secure trading, you should choose valid companies that utilize proven trading programs like Sirix, cTrader, MetaTrader 4, and MetaTrader 5. These top-drawer platforms come with advanced features like expert advisors, social trading, lots of technical indicators, market analysis, and stop loss.
Deposit and Withdrawal Options
Concerning the way how traders can transfer money to and from their accounts at Wilton Option, reportedly credit and debit cards are accepted. Still, we are very skeptical about it since this means of payment can be reversed (VISA and Mastercard offer cashback), which is not something the fraudster wants.
Thus, this financial swindler most likely supports only crypto payments for funding because they are more challenging to trace and charge back.
According to its website, this unauthorized forex provider guarantees instant deposits without fees and quick withdrawals with no hidden costs. We have no doubts about the former since this trading scam can’t wait to lay hold of your money.
As for the latter, you can expect only withdrawal issues because there are no money withdrawal guarantees with this type of broker.
In addition, minimum deposits are from 250 EUR to 500K EUR. Also, withdrawal fees are 25 EUR plus a 1% transaction fee for the first two account options, 1%t transaction charge is for a gold account, while the two most expensive accounts come with no commissions.
Keep in mind that high leverage is always suspicious because it is restricted for retail traders in most jurisdictions (between 1:30 and 1:50). Whereas Wilton Option offers leverage up to 1:400. Anyway, this company uses many manipulations to achieve its goal, which is to steal your money.
How Fraud Is Conducted
Apropos of how the Wilton Option scam works, it has several stages. At the start, this unscrupulous broker attempts to grab your attention and inspire confidence with deceitful statements.
It hasn’t accidentally selected Switzerland as its headquarters, but because it is one of the premium locations known for extraordinary financial services. Then, it tries to lure you into trading with banned, unreasonable and manipulated offers such as zero spreads, high leverage, lucrative bonuses, and other tricks.
For instance, beginners are susceptible to these dirty tricks and likely to fall for this fake offer. When con artists succeed in persuading a victim to invest, they disappear with the money. Also, they can contact you again pretending to be a new organization assisting you with chargebacks, but it is the same hoax just another name.
Nevertheless, if you are defrauded by Wilton Option, don’t feel ashamed since everyone can be scammed. It is important to act fast by reporting it to the authorities, sharing negative Wilton Option reviews to alert others, and turning to cyber security experts for professional guidance.
Wilton Option Summary
To wrap up our Wilton Option broker review with the key findings. This bogus broker professes it is a Swiss-based company without evidence and a FINMA license, which makes it anonymous, illegal, and highly risky. In spite of its big talk about being the number one broker providing outstanding platforms and services, this fake information is used to entice traders.
There are so many trusted brokerage firms–some of which are included in this writing–that it is needless to take chances with evident cyber fraud like Wilton Option. If you require any forex trading-related help, get in touch with us.
FAQs About Wilton Option Broker
Is Wilton Option a Legit Broker or a Scam?
No, it is a blatant scam exposed by the Swiss FINMA.
What Is the Minimum Deposit for Wilton Option?
It is 250 EUR, which is an unneeded risk because you can open a live account with a legitimate broker for less than 10 USD.
Does Wilton Option Offer Demo Account?
No, it doesn’t, which is commonplace for dishonest scam brokers.