Start Options promises to help you get rich quick through an automated cryptocurrency trading program. Find out if it’s a scam or a legitimate opportunity today in our review.
What is Start Options?
Start Options is a bitcoin-based investment scheme that claims to give you easy profits through some type of referral system. You sign up, send the company money, then start getting paid.
Start Options claims to engage in mining and trading. You give the company money, and they’ll start trading and mining your money to earn a profit.
Overall, Start Options seems to have more transparency than other scams we’ve seen online in recent months. The company lists an address in Manila as its headquarters. It also lists the contact information of various people involved with the project. However, Start Options still has plenty of problems – like the way it markets itself online as well as bold (obviously fake) claims like “Start Options is the largest bitcoin exchange in Euro volume and liquidity.”
How Does Start Options Work?
Start Options claims to be one of the world’s largest and most popular bitcoin exchanges – despite the fact that we’ve never heard of it before and that it’s not listed on Coinmarketcap.
The website makes claims like “Start Options is the largest bitcoin exchange in euro volume and liquidity” and “is consistently rated the best and most secure bitcoin exchange by independent news media.” We can find no evidence that either of these claims is true, and there’s limited information about Start Options available online. There are certainly bitcoin exchanges with larger reserves than Start Options.
Despite these unusual claims, Start Options claims to provide bitcoin mining and trading options to users, including options trading and CFDs. You can access the platform through a web or mobile UI.
Start Options also allows traders to leverage trades up to 1:300, which is significantly higher than most other CFD trading websites on the market today.
In any case, Start Options offers a few different investment packages. With all of these investment packages, you’re pushed towards binary options trading and contracts for difference, or CFDs. Start Options mentions investing in traditional binary options – like commodities and foreign currencies – as well as cryptocurrencies.
Start Options Investment Packages
Start Options offers seven different investment packages, including all of the following:
- Rookie Package: $1000 to $5499 (3 trades per day)
- Freshman Package: $5500 to $9999 (6 trades per day)
- Sophomore Package: $10,000 to $14,499 (9 trades per day)
- Junior Package: $14,500 to $24,999 (12 trades per day)
- Senior Package: $25,000 to $34,999 (15 trades per day)
- Pro Package: $35,000 or more (18+ trades per day)
- Custom Package: No trades; you just earn money from mining
With all packages, you can choose between just mining or a combination of trading and mining. It’s unclear why you’re restricted to a certain number of trades per day. Obviously, traditional crypto exchanges don’t limit the number of trades you can make each day – especially for those who are depositing thousands of dollars into the platform.
Who’s Behind Start Options?
Start Options lists an address in Manila, Philippines as its headquarters. They also list a contact person as Willem Adelbert. Google searches for Willem Adelbert turn up no additional information about the person running Start Options.
Start Options Conclusion
Start Options is a bitcoin investment scheme that appears to funnel users towards binary options trading and contracts for difference (CFDs). The platform restricts users to just a few trades per day – even when depositing thousands of dollars into the platform.
Overall, there’s a lack of transparency about Start Options and plenty of bizarre statements. The exchange frequently claims to be the largest and most popular exchange in the world, for example, and claims to be the fastest growing exchange in the crypto industry. It’s beyond hyperbole – it’s just a bunch of false and misleading statements.
Ultimately, we’re not really sure about the point of Start Options, or why anyone would deposit money into the platform. You can visit the platform online today at StartOptions.com to decide for yourself.