OCTA FX, IQ Options and similar apps are SCAM ?

In this hefty rush of crypto currencies people are investing a lot of money. So, OCTA FX, IQ Options & other similar apps are scam or not ? Let’s talk about it.

We may have seen many ads of Octa FX, IQ Options or Binomo etc. These ads are shown on YouTube &
other ad medias. Where they claim that many people are taking benefits from this app using it as an
investment to crypto which lead them to gain some profit for a side or primary income.

They are showing ads, they are having great ratings on play store and what not ? Still, we have suspicion on their credibility.

Yes this is a complete scam and I request everyone to stay away from it & don’t let your hard earned money to be wasted.

Let me describe some points where I can claim that this app is fraud.

  • You can never withdraw your money back from there – You can deposit money, not possible but if you still made some profit as per that app claims. You still can never withdraw your money.
  • They don’t have support – They don’t have phone number where you can get assistance from them. Email’s are useless.
  • They don’t have specific address, instead they have registered these fraudulent apps on Islands where fraudulent laws are not strict.
  • You will always lose the trade – They will give you demo account with demo (Fake) $10,000 as practice money with which you can try and win that boosts your greed to invest with real money.
    What exactly happens is that Artificial Intelligence (AI) reads your behavior, reads your tactics of
    working on the app which later make you lose the trade every time you trade with your real money.
    In short – With demo money you will win, but with real money you definitely lose all your money.
  • Earnings claimed by them are unrealistic as per the concept of the application.

From what apps we have to stay away ?

  • Binomo
  • IQ Option
  • GuruTrade7
  • Olymp Trade
  • IQ Broker etc.

What makes it bad that people among us from our country and the people we follow are supporting and promoting these apps just for some money.

So, what are the legal and reliable platform for trade WazirX, Binance & more of them please let us know both legit and fraudulent apps in comments below.

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