OptionsXpress, once a name in the online trading community, is now being subjected to an increasing number of complaints by investors. Once thought to be a valid option with low fees and meaningful support options, most reports indicate the quality of order execution and customer support has dropped precipitously, and dubious practices have been identified.
Website – www.optionsxpress.com
Website Availability – NO
Address – NA
Warning – Not recommended by the review website like Lycan Retrieve
Domain Blacklisted Status -It seems there is no direct mention of this domain being on a blacklist.
Pattern of Unusual Activity
Many investors report outages and system failures that occur at pivotal moments of a trading session, including locked screens, late quotes, and simply not being able to place a trade, particularly notable at times of extreme market volatility. In each of these reports, there are stories of losing positions, which raises the possibility of manipulation of the market. Traders have also noted that their account was instantly handed off to an internal trading desk once these traders’ accounts became profitable, and that this allows a brokerage to manipulate orders and obscure the true spread with execution bias, limiting profits for traders.
Withdrawal & Support Issues
There are a lot of complaints about withheld withdrawals where a user is asked to deposit additional money to “unlock” profits, and once they have deposited, it is no longer responded to. Further to this, customer support has been reported as unresponsive and unhelpful. Users talk about contacting support via chat, phone, and email multiple times to no avail or follow up.
Website Red Flags
Many flags exist around the OptionsXpress website. The domain is linked to a server that contains other very suspicious websites.
FAQs about OptionsXpress
Q1. Are OptionsXpress regulated under a financial authority?
Currently, there is no verified information to indicate that active regulation is in place under an accredited authority.
Q2. Why are withdrawal requests ignored?
There are many reports/images of victims that claim OptionsXpress ignores or holds back withdrawal requests, while requesting deposit contributions; this is common practice in financial scamming.
Q3. Can OptionsXpress accounts be trusted with personal information?
Based on users claiming identity theft and fake verification requests, it would be considered very risky to provide personal information to this platform.
Take Action Today
Do not hesitate to act if you believe OptionsXpress has deceived you. Contact us for a free consultation to find out more about your options and start the recovery process. Protecting your financial interests starts with being proactive and knowledgeable.
Remember, at Lycan Retrieve, we build trust, recover losses, and deliver results. Allow us to assist you in receiving your money back.
Contact us right now to safeguard your future and take back financial control.
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