BLOCKOPTIONS REVIEW 2023: SHOULD YOU SIGN UP WITH THIS BROKER?Website addresshttps://blockoptions.ioDemo accountYesSupported languagesEngActiveYes * The amount that will be credited to the account in the case of a successful deal Saqib Iqbal Author 7 min read Published: May 21, 2019 Updated: December 07, 2022 Views: 144Content WHAT IS BLOCKOPTIONS? WHO ARE BLOCKOPTIONS’ REGULATORS? HOW DOES BLOCKOPTIONS WORK? HOW SAFE IS BLOCKOPTIONS? WHERE IS BLOCKOPTIONS LOCATED? WHO OWNS BLOCKOPTIONS? HOW TO CONTACT BLOCKOPTIONS HOW TO DEPOSIT/WITHDRAW FUNDS WITH BLOCKOPTIONS DOES BLOCKOPTIONS OFFER BONUSES? HOW DO I MAKE MONEY WITH BLOCKOPTIONS? FAQsBlockoptions is a crypto binary options platform.Disclaimer: The broker isn’t regulated! Read this review first if you’re still thinking about giving Blockoptions your money. Let’s get started!HOW DOES BLOCKOPTIONS STAND OUT?The platform is a scam and doesn’t have any particular features that make it different from others.WHAT IS BLOCKOPTIONS? Blockoptions came into the market in 2019. Since the broker’s inception, it has seen substantial growth. To find out whether the broker is trustworthy, I have closely reviewed it for you.A team of experienced traders formed Blockoptions. It’s a decentralized crypto binary options platform that relies on Ethereum. Blockoptions offers a wide selection of trading options, including foreign exchange, commodities, and cryptocurrencies.It claims to use automated trading software like Bitcoin Buyer to handle all the trader’s actions, from analysis to closing positions. However, it seems too good to be true.Blockoptions homepageThe platform mentions passive income for token holders on the homepage. However, the company’s website does not mention how to make that passive income.Further reading NordFX - Reviews And Forex Trading Platform Review OptionsHouse by E*Trade - overview of the trading platform How To Find Free Trading Signals Services for Novice Traders Full Review of Spectre.ai: Low-Risk, (Decentralized) Broker The Story Behind the MBA Forex Scam and Closure How to Make a Sideways Trend Work for You: Trading StrategyWHO ARE BLOCKOPTIONS’ REGULATORS? Obviously, as an experienced trader, I looked into the broker’s regulatory compliance. An essential precaution before trying it out. But this broker has no licensing or regulators. And a lot of information is missing.Blockoptions is neither reputable, trusted, nor regulated. It doesn’t provide a solid trading service. It offers no information on an ‘about us’ page.I discovered it while going through the platform’s website. So, it lacks the capabilities to offer financial services.Further reading Using a Stochastic Oscillator - the Basics FXCM Review - Best Forex Brokers What Is Flare Network and What Does It Do? AMP: The Key To Crypto Payments In 2023 Nadex review 2023: should you sign up? Discover the Magical 300-Year-Old Principles Called Technical AnalysisHOW DOES BLOCKOPTIONS WORK? Blockoptions is built on blockchain technology. It makes use of the Oracle service, which runs on smart contracts. To retrieve asset pricing data from an oracle. Let me tell you more about what the broker says about itself.It compares the start-time price and expiration price using a built-in wallet. You can get the start-time price and transmit it to the smart contract. Although I wasn’t allowed to trade without a referral code, I still scanned the platform and analyzed it.The platform’s picture clarifies that there is just a PUT/CALL option. The trading period ranges from 30 seconds to an hour, and there are indicators. You can trade the site’s cryptocurrencies, binary options, and FX.Blockoptions platformBlockoptions claims not to make money from traders’ profit or loss. But they charge a fee per trade. It would be approx 0.005-0.01 ETH per trade.They claim to divide 100% of the profit among token holders via a token reward smart contract. In addition, on the website, they claim:100% transparency, as you get asset prices on the blockchainA win rate of 175%Again, these numbers are too good to be true.WHAT TRADING INDICATORS ARE AVAILABLE?Trading indicators have always been helpful for traders. They guide traders regarding past trends and future moves.But unfortunately, when I was analyzing Blockoptions’ website, I didn’t find any recommended trading indicators. But if you want to trade with indicators, I’ll recommend the following for binary options trading.Moving averagesAverage true rangeMoving average convergence/divergence (MACD)Relative strength indexStochasticsFurther reading Classic Patterns: a Secret of Evolution or Adam and Eve? How Сan Binary Options Brokers Cheat You? Binarium Review and Feedback on the Binary Options Broker What Is Smooth Love Portion, and What Can You Do With It? Grand Capital Broker Overview - Pros, Cons, and Warnings Binomo Review 2023: Is It Worth a Try?HOW SAFE IS BLOCKOPTIONS? The short answer is: not safe. We can both agree that Blockoptions is not a secure platform. I want to explain why the platform isn’t suitable for trading. Shall we begin?Lack of information is a major warning sign. Your money is not secure with Blockoptions because of this. It is preferable to avoid it because certain pages do not load.Let’s imagine that you signed up for an account, you are trading, and you cannot open a page. You’ll feel frustrated. When you join up, the platform guarantees to secure your personal information from hackers. Given the general lack of safety, I’m not so sure.Further reading Orbex Broker Overview Uncovering the Benefits of Dukascopy Swiss Forex & CFD Brokerage Full Review of Spectre.ai: Low-Risk, (Decentralized) Broker IronFx - trading platform overview Free Online Interactive Binary Options Charts and Why You Should Use Them InstaForex - Forex Trading, Forex Options, & CFD PlatformWHERE IS BLOCKOPTIONS LOCATED? Knowing the broker’s location provides an extra level of legitimacy. We all search out the location of every broker we want to try.But does Blockoptions have a location? Let’s see!If you’re looking for Blockoptions’ location, you’ll be disappointed with this platform again. They haven’t mentioned on the website where they operate. So no one knows their exact location. Another major red flag!Further reading ALLY INVEST REVIEW 2023: SHOULD YOU SIGN UP WITH THIS BROKER? NordFX - Reviews And Forex Trading Platform Review CMC Markets - Advanced Trading Platform Review ZENITH TRADING STRATEGY FOR BINARY OPTIONS City Index: Review & Trader Feedback of the UK Platform Building Small Profits, Fast: How to Use an Options Scalping Strategy for TradingWHO OWNS BLOCKOPTIONS? It is important to know about the ownership of the platform. Surprisingly, Blockoptions has mentioned its founder. But is that enough? Let me share something with you.According to the website’s information, Mr. Gary Luo started Blockoptions. He also used his platform for fundraising. Besides that, he was one of the top-rated ‘ClickBank’ sellers of 2005, making his way from e-commerce to cryptocurrency.Gary Luo has made the team worldwide. But when I searched for this successful man on Google and social media, he didn’t appear to exist despite being so successful.Further reading E-Trade feedback on the trading platform IC Markets Broker Overview Gerchik & Co - overview of forex trading platform Etoro Review: A CFD and Forex Broker with a Social Trading Opportunity IG review 2023: should you sign up with the broker? City Index: Review & Trader Feedback of the UK PlatformHOW TO CONTACT BLOCKOPTIONS Blockoptions doesn’t provide good customer service. It depends on you to trade with them in the end. I expected to encounter email, phone, or live chat help. Here’s what I got.They have given their email address to contact them for help But don’t expect them to reply soon!The broker has given no number to contact them directly. A broker should be able to show us how to contact its office easily.Blockoptions contact pageFurther reading How to Read Candlestick Charts? (The Battle of 2 Species) ZENITH TRADING STRATEGY FOR BINARY OPTIONS Exness Review: A Top-Notch Forex Broker and the Official Partner of Real Madrid CumRocket, The Naughty Boy Of Cryptocurrencies Binary.com review 2023: Is it worth it? Volume Based Trading Techniques (Volume Indicators)HOW TO DEPOSIT/WITHDRAW FUNDS WITH BLOCKOPTIONS Every platform or broker provides multiple deposit and withdrawal methods. The payment methods should be hassle-free. So, what about Blockoptions? Let’s see which deposit and withdrawal methods Blockoptions provides.The Block Option system for deposits accepts eight cryptocurrency methods.BTCETHXRPEOSLTCDASHUSDTBlockoptions payment methodsCurrently, Block Option offers two primary withdrawal methodsBTCETHAll transactions are more or less anonymous. Because they accept only crypto payments. It is even another warning sign.DOES BLOCKOPTIONS OFFER PROMO CODES?Offering promo codes is not a new strategy for a trading platform. It encourages traders to trade more with the broker’s platform.Some provide referral promo codes or occasional promo codes. But what promo codes does Blockoptions offer?The platform offers nothing that would help traders. Blockoptions doesn’t offer any promo codes.Further reading FreshForex Review: Is FreshForex Ideal for Forex and CFD Trading? Markets.com Reviews 2023: Is it The Most User-Friendly Trading Platform? Free Online Interactive Binary Options Charts and Why You Should Use Them BEST ONLINE EARNING APPS IN PAKISTAN IN 2023 (AUTHENTIC WAYS) EasyOption Review 2023: Is It Worth It? Option Robot Review - The Best Auto Binary Trading System?DOES BLOCKOPTIONS OFFER BONUSES? Many trading platforms offer bonuses to attract new traders. Getting a bonus allows you to have more equity. It also helps the traders to level up faster. Let’s see which bonuses Blockoptions offers to its traders.Blockoptions does not mention bonuses anywhere. It requires a referral code for registration.DOES BLOCKOPTIONS CHARGE TAXES ON PROFIT?Some brokers charge taxes on profits. Taxes are part of trading. But does Blockoptions charge taxes on profit? Let’s take a look! Blockoptions doesn’t provide any tax info.Further reading What Is Chainlink? The Decentralized Oracle Network Dogecoin, The Meme Coin That Took Over The World Discover the Magical 300-Year-Old Principles Called Technical Analysis Finrally binary options review 2023: should you sign up with this broker? TD Ameritrade review 2023: should you sign up with this broker? eOption review 2023: should you sign up with this broker? HOW DO I MAKE MONEY WITH BLOCKOPTIONS?I initially attempted to create an account with the broker. It said that a referral code is required to complete registration. Trading on the platform is by invitation only.However, neither the real account nor the demo allowed me to trade. I could not register because of this. But luckily I was able to dig deeper into the platform’s website, and that’s why I’m writing this review.Further reading UNDERSTANDING LEVERAGE TRADING IN 2023: THE PROS AND CONS Grand Capital Broker Overview - Pros, Cons, and Warnings 110 Trading Quotes to Set You on the Road to Success CXMARKETS BROKER REVIEW 2023: COST AND BENEFITS FXTM (Forex Time): A Detailed Review of a Forex Broker with over 4 million users What Is Smooth Love Portion, and What Can You Do With It? FAQsIs Blockoptions a scam?In terms of functionality, Blockoptions does not appear to place a great value on its users. It lacks regulators, licensing, proper addresses, and information on payouts. So it’s safe to say it’s a scam.How long do withdrawals take on Blockoptions?There is no information on the website about deposit/withdrawal time limits.How can I close my Blockoptions account?There is no information on how to close the account.FINAL THOUGHTS There you go! I recommend you avoid this broker. If you carefully examine this platform, there are several red flags. These include:No licensingNo addressNo proper contact infoPeople on the team don’t appear to be real peopleAs a result, I’d rate the broker as 0/5. I hope this review was helpful and you will stay away from the platform. If you are looking for legit forex brokers, you can check the complete list of brokers here.Visit »It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.Further reading How to Trade Trend Channels and Ranges (Rising, Falling and Sideways Price Channels) eOption review 2023: should you sign up with this broker? What Is Swap (XWP) And Why You Should Invest In It Orbex Broker Overview Investors take Forex platform ROFX and its founders to court CMC Markets - Advanced Trading Platform Review
Saqib Iqbal Author 7 min read Published: May 21, 2019 Updated: December 07, 2022 Views: 144Content WHAT IS BLOCKOPTIONS? WHO ARE BLOCKOPTIONS’ REGULATORS? HOW DOES BLOCKOPTIONS WORK? HOW SAFE IS BLOCKOPTIONS? WHERE IS BLOCKOPTIONS LOCATED? WHO OWNS BLOCKOPTIONS? HOW TO CONTACT BLOCKOPTIONS HOW TO DEPOSIT/WITHDRAW FUNDS WITH BLOCKOPTIONS DOES BLOCKOPTIONS OFFER BONUSES? HOW DO I MAKE MONEY WITH BLOCKOPTIONS? FAQsBlockoptions is a crypto binary options platform.Disclaimer: The broker isn’t regulated! Read this review first if you’re still thinking about giving Blockoptions your money. Let’s get started!HOW DOES BLOCKOPTIONS STAND OUT?The platform is a scam and doesn’t have any particular features that make it different from others.WHAT IS BLOCKOPTIONS? Blockoptions came into the market in 2019. Since the broker’s inception, it has seen substantial growth. To find out whether the broker is trustworthy, I have closely reviewed it for you.A team of experienced traders formed Blockoptions. It’s a decentralized crypto binary options platform that relies on Ethereum. Blockoptions offers a wide selection of trading options, including foreign exchange, commodities, and cryptocurrencies.It claims to use automated trading software like Bitcoin Buyer to handle all the trader’s actions, from analysis to closing positions. However, it seems too good to be true.Blockoptions homepageThe platform mentions passive income for token holders on the homepage. However, the company’s website does not mention how to make that passive income.Further reading NordFX - Reviews And Forex Trading Platform Review OptionsHouse by E*Trade - overview of the trading platform How To Find Free Trading Signals Services for Novice Traders Full Review of Spectre.ai: Low-Risk, (Decentralized) Broker The Story Behind the MBA Forex Scam and Closure How to Make a Sideways Trend Work for You: Trading StrategyWHO ARE BLOCKOPTIONS’ REGULATORS? Obviously, as an experienced trader, I looked into the broker’s regulatory compliance. An essential precaution before trying it out. But this broker has no licensing or regulators. And a lot of information is missing.Blockoptions is neither reputable, trusted, nor regulated. It doesn’t provide a solid trading service. It offers no information on an ‘about us’ page.I discovered it while going through the platform’s website. So, it lacks the capabilities to offer financial services.Further reading Using a Stochastic Oscillator - the Basics FXCM Review - Best Forex Brokers What Is Flare Network and What Does It Do? AMP: The Key To Crypto Payments In 2023 Nadex review 2023: should you sign up? Discover the Magical 300-Year-Old Principles Called Technical AnalysisHOW DOES BLOCKOPTIONS WORK? Blockoptions is built on blockchain technology. It makes use of the Oracle service, which runs on smart contracts. To retrieve asset pricing data from an oracle. Let me tell you more about what the broker says about itself.It compares the start-time price and expiration price using a built-in wallet. You can get the start-time price and transmit it to the smart contract. Although I wasn’t allowed to trade without a referral code, I still scanned the platform and analyzed it.The platform’s picture clarifies that there is just a PUT/CALL option. The trading period ranges from 30 seconds to an hour, and there are indicators. You can trade the site’s cryptocurrencies, binary options, and FX.Blockoptions platformBlockoptions claims not to make money from traders’ profit or loss. But they charge a fee per trade. It would be approx 0.005-0.01 ETH per trade.They claim to divide 100% of the profit among token holders via a token reward smart contract. In addition, on the website, they claim:100% transparency, as you get asset prices on the blockchainA win rate of 175%Again, these numbers are too good to be true.WHAT TRADING INDICATORS ARE AVAILABLE?Trading indicators have always been helpful for traders. They guide traders regarding past trends and future moves.But unfortunately, when I was analyzing Blockoptions’ website, I didn’t find any recommended trading indicators. But if you want to trade with indicators, I’ll recommend the following for binary options trading.Moving averagesAverage true rangeMoving average convergence/divergence (MACD)Relative strength indexStochasticsFurther reading Classic Patterns: a Secret of Evolution or Adam and Eve? How Сan Binary Options Brokers Cheat You? Binarium Review and Feedback on the Binary Options Broker What Is Smooth Love Portion, and What Can You Do With It? Grand Capital Broker Overview - Pros, Cons, and Warnings Binomo Review 2023: Is It Worth a Try?HOW SAFE IS BLOCKOPTIONS? The short answer is: not safe. We can both agree that Blockoptions is not a secure platform. I want to explain why the platform isn’t suitable for trading. Shall we begin?Lack of information is a major warning sign. Your money is not secure with Blockoptions because of this. It is preferable to avoid it because certain pages do not load.Let’s imagine that you signed up for an account, you are trading, and you cannot open a page. You’ll feel frustrated. When you join up, the platform guarantees to secure your personal information from hackers. Given the general lack of safety, I’m not so sure.Further reading Orbex Broker Overview Uncovering the Benefits of Dukascopy Swiss Forex & CFD Brokerage Full Review of Spectre.ai: Low-Risk, (Decentralized) Broker IronFx - trading platform overview Free Online Interactive Binary Options Charts and Why You Should Use Them InstaForex - Forex Trading, Forex Options, & CFD PlatformWHERE IS BLOCKOPTIONS LOCATED? Knowing the broker’s location provides an extra level of legitimacy. We all search out the location of every broker we want to try.But does Blockoptions have a location? Let’s see!If you’re looking for Blockoptions’ location, you’ll be disappointed with this platform again. They haven’t mentioned on the website where they operate. So no one knows their exact location. Another major red flag!Further reading ALLY INVEST REVIEW 2023: SHOULD YOU SIGN UP WITH THIS BROKER? NordFX - Reviews And Forex Trading Platform Review CMC Markets - Advanced Trading Platform Review ZENITH TRADING STRATEGY FOR BINARY OPTIONS City Index: Review & Trader Feedback of the UK Platform Building Small Profits, Fast: How to Use an Options Scalping Strategy for TradingWHO OWNS BLOCKOPTIONS? It is important to know about the ownership of the platform. Surprisingly, Blockoptions has mentioned its founder. But is that enough? Let me share something with you.According to the website’s information, Mr. Gary Luo started Blockoptions. He also used his platform for fundraising. Besides that, he was one of the top-rated ‘ClickBank’ sellers of 2005, making his way from e-commerce to cryptocurrency.Gary Luo has made the team worldwide. But when I searched for this successful man on Google and social media, he didn’t appear to exist despite being so successful.Further reading E-Trade feedback on the trading platform IC Markets Broker Overview Gerchik & Co - overview of forex trading platform Etoro Review: A CFD and Forex Broker with a Social Trading Opportunity IG review 2023: should you sign up with the broker? City Index: Review & Trader Feedback of the UK PlatformHOW TO CONTACT BLOCKOPTIONS Blockoptions doesn’t provide good customer service. It depends on you to trade with them in the end. I expected to encounter email, phone, or live chat help. Here’s what I got.They have given their email address to contact them for help But don’t expect them to reply soon!The broker has given no number to contact them directly. A broker should be able to show us how to contact its office easily.Blockoptions contact pageFurther reading How to Read Candlestick Charts? (The Battle of 2 Species) ZENITH TRADING STRATEGY FOR BINARY OPTIONS Exness Review: A Top-Notch Forex Broker and the Official Partner of Real Madrid CumRocket, The Naughty Boy Of Cryptocurrencies Binary.com review 2023: Is it worth it? Volume Based Trading Techniques (Volume Indicators)HOW TO DEPOSIT/WITHDRAW FUNDS WITH BLOCKOPTIONS Every platform or broker provides multiple deposit and withdrawal methods. The payment methods should be hassle-free. So, what about Blockoptions? Let’s see which deposit and withdrawal methods Blockoptions provides.The Block Option system for deposits accepts eight cryptocurrency methods.BTCETHXRPEOSLTCDASHUSDTBlockoptions payment methodsCurrently, Block Option offers two primary withdrawal methodsBTCETHAll transactions are more or less anonymous. Because they accept only crypto payments. It is even another warning sign.DOES BLOCKOPTIONS OFFER PROMO CODES?Offering promo codes is not a new strategy for a trading platform. It encourages traders to trade more with the broker’s platform.Some provide referral promo codes or occasional promo codes. But what promo codes does Blockoptions offer?The platform offers nothing that would help traders. Blockoptions doesn’t offer any promo codes.Further reading FreshForex Review: Is FreshForex Ideal for Forex and CFD Trading? Markets.com Reviews 2023: Is it The Most User-Friendly Trading Platform? Free Online Interactive Binary Options Charts and Why You Should Use Them BEST ONLINE EARNING APPS IN PAKISTAN IN 2023 (AUTHENTIC WAYS) EasyOption Review 2023: Is It Worth It? Option Robot Review - The Best Auto Binary Trading System?DOES BLOCKOPTIONS OFFER BONUSES? Many trading platforms offer bonuses to attract new traders. Getting a bonus allows you to have more equity. It also helps the traders to level up faster. Let’s see which bonuses Blockoptions offers to its traders.Blockoptions does not mention bonuses anywhere. It requires a referral code for registration.DOES BLOCKOPTIONS CHARGE TAXES ON PROFIT?Some brokers charge taxes on profits. Taxes are part of trading. But does Blockoptions charge taxes on profit? Let’s take a look! Blockoptions doesn’t provide any tax info.Further reading What Is Chainlink? The Decentralized Oracle Network Dogecoin, The Meme Coin That Took Over The World Discover the Magical 300-Year-Old Principles Called Technical Analysis Finrally binary options review 2023: should you sign up with this broker? TD Ameritrade review 2023: should you sign up with this broker? eOption review 2023: should you sign up with this broker? HOW DO I MAKE MONEY WITH BLOCKOPTIONS?I initially attempted to create an account with the broker. It said that a referral code is required to complete registration. Trading on the platform is by invitation only.However, neither the real account nor the demo allowed me to trade. I could not register because of this. But luckily I was able to dig deeper into the platform’s website, and that’s why I’m writing this review.Further reading UNDERSTANDING LEVERAGE TRADING IN 2023: THE PROS AND CONS Grand Capital Broker Overview - Pros, Cons, and Warnings 110 Trading Quotes to Set You on the Road to Success CXMARKETS BROKER REVIEW 2023: COST AND BENEFITS FXTM (Forex Time): A Detailed Review of a Forex Broker with over 4 million users What Is Smooth Love Portion, and What Can You Do With It? FAQsIs Blockoptions a scam?In terms of functionality, Blockoptions does not appear to place a great value on its users. It lacks regulators, licensing, proper addresses, and information on payouts. So it’s safe to say it’s a scam.How long do withdrawals take on Blockoptions?There is no information on the website about deposit/withdrawal time limits.How can I close my Blockoptions account?There is no information on how to close the account.FINAL THOUGHTS There you go! I recommend you avoid this broker. If you carefully examine this platform, there are several red flags. These include:No licensingNo addressNo proper contact infoPeople on the team don’t appear to be real peopleAs a result, I’d rate the broker as 0/5. I hope this review was helpful and you will stay away from the platform. If you are looking for legit forex brokers, you can check the complete list of brokers here.Visit »It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.Further reading How to Trade Trend Channels and Ranges (Rising, Falling and Sideways Price Channels) eOption review 2023: should you sign up with this broker? What Is Swap (XWP) And Why You Should Invest In It Orbex Broker Overview Investors take Forex platform ROFX and its founders to court CMC Markets - Advanced Trading Platform Review