Easy Option Trade Scam: Binary Options Platform, FCA Warning

Easy Option Trade Scam: Binary Options Platform and FCA Warning

Regulatory status: warned about by the FCA; unlicensed, illegal platform

Platform Summary

Easy Option Trade is an unlicensed binary options scam platform that the UK financial regulator, the FCA, has warned about. The platform reuses the name and address of "Easy Trade Solutions Ltd", a company dissolved in 2019, to mislead investors, and it rigs binary options trades. Using a virtual office address, the platform takes investors' money and blocks withdrawal requests.

Licence and Regulatory Status

• FCA warning: the Financial Conduct Authority (FCA) has issued a warning
• Licence status: no financial regulator in any country has licensed it
• Head office address: 20-22 Wenlock Road, London, N1 7GU, UK (virtual office)
• Platform type: binary options trading
• Company link: it reuses the name and address of the company formerly called "Easy Trade Solutions Ltd" (dissolved in 2019)
• Virtual office abuse: many buildings offering "virtual office" services are used by scam platforms

Conclusion: Easy Option Trade is not authorised in Türkiye by the Capital Markets Board (SPK), and operating in Türkiye is prohibited. Trading through any forex platform that SPK has not approved is unlawful, and binary options trading is unlawful in Türkiye.

How the Scam Works: The Binary Options Scheme

Easy Option Trade defrauds investors through the following mechanisms:

• Binary options rigging: investors predict prices (higher or lower), but the platform operators manipulate the outcome of the trades
• Use of advance knowledge: the operators see the trades placed and manipulate prices in their own favour
• Reuse of a dissolved company's name: the identity of "Easy Trade Solutions Ltd", closed in 2019, is reused to escape scrutiny
• Virtual office abuse: virtual office services are used to hide the real office
• Blocked withdrawals: investors may see small profits at first, after which withdrawal requests go unanswered
• High leverage: investors can trade with extremely high leverage, and accounts can be wiped out quickly

Findings and Review

Research findings:

• It appears on the FCA's official warning list
• Research into the Wenlock Road address shows a building that provides virtual office services
• Companies House records show that "Easy Trade Solutions Ltd" was dissolved in 2019
• The Easy Option Trade platform reuses the name and address of the dissolved company
• The binary options trades are rigged transactions designed to make investors lose
• Investor complaints concern manipulated trades, profits that cannot be withdrawn and locked accounts

Protection and Precautions

Signs that help against binary options scams like Easy Option Trade:

• FCA licence check: the platform and its operators can be looked up in the official FCA register. Before investing, it is also worth checking whether a platform is authorised by the regulator in your own country (for example the FCA, ASIC or SEC)
• SPK approval: platforms operating in Türkiye should appear in the list of SPK-licensed intermediary institutions
• Binary options warning: the FCA and similar authorities have restricted binary options because about 95% of investors lose money. Platforms of this kind are best avoided
• Virtual office suspicion: if the business address given is a virtual office, the platform is not professional
• Company history: the opening and closing dates of a company can be checked in Companies House or similar registers
• Trade manipulation: if prices do not match real market prices in real time, the platform is manipulative
• Ease of withdrawal: platforms that process withdrawals quickly and easily, with no withdrawal problems at all, are the safer sign

Frequently Asked Questions

Conclusion

Easy Option Trade is an unlicensed binary options platform that the FCA has warned about. By reusing the name of a dissolved company, hiding the operator behind a virtual office address and manipulating trades, it takes investors' assets. Binary options trading of this kind is a system designed in essence to defraud.

In such cases, evidence such as account screenshots, transaction records and payment documents is usually collected for legal support. Trade manipulation and blocked withdrawals are serious financial offences. Further deposits do not lead to withdrawals, and the transaction records remain the main evidence. For detailed information and legal support, you can contact Savun Law & Consultancy.