AmberOptions is another example of a SpotOption white label and as such, besides offering the user friendliness and features already incorporated in this popular platform, they don’t have much more going for them.
Overall the broker’s offering can be described as satisfactory but without any exciting or special features that would make it stand out from the competition. In terms of the trading types available these include the standard call/put binary options trading with a wide variety of expirations, while the broker also offers One Touch, OptionBuilder, 60 Seconds and the Open Platform. Expiry times here range from the shortest, 60 Seconds, out to the longest, end of the year, depending on the asset. In terms of the tradable assets available, the offering from across the four asset categories can be said to be satisfactory but again nothing special or head turning and not making full use of the entire SpotOption offering.
In terms of banking and the deposit and withdrawal methods available, the system is a bit archaic with credit-debit cards and wire transfers as they only available options and a complete absence of more contemporary methods such as e-wallets. Moreover, the fees charged and the times required to execute such transactions are just about the industry average if not below.
The broker’s website is available in four languages, that is in English, Spanish, German and Arabic which is perhaps indicative of the markets it is aiming at and it is also explained by the fact that although it claims to be based in London and lists a UK number for customers to contact them, the broker is actually seated in Gibraltar.
Perhaps the best feature of the AmberOptions site is the live feed of news they offer which does contain useful and up-to-date information that wannabe traders could make use of in order to place successful trades.
Being an average broker with an offering that is not that spectacular is not necessarily a bad thing or a deterrent for trading. However, unfortunately, it appears that this not the real problem when it comes to AmberOptions.
This broker has been blacklisted by binaryoptionswire due to the several serious complaints documented by many traders who fell that they were scammed by AmberOptions. Complaints ranged from spam emailing tactics and cold calling, to losses being incurred because of a bot that was wiping out people’s funds from their accounts, to dubious bonus related practices, denial to grant withdrawals, a constant change in the broker’s staff which meant that the people traders were dealing with kept changing and many instances where all customer efforts to communicate with the broker had failed and complaints remained unanswered for a long time.
George Milios is the founder of onlineforextrading.net, the binary options and forex news portal which is dedicated to providing you with all the information you need to successfully trade.