Sycamore Options Broker Review

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Sycamore Options Broker Review


You are new to Binary Options and you are on the search for a suitable broker for your trading. When you search Binary Options on the Internet, you will realise that there are many binary options brokers. Before you proceed further on a chosen broker, I would suggest that you check the Forums where seasoned or new traders do share their experiences on them. One that always pops up is Sycamore Options.


At the first impression, the Sycamore Options website looks impressive and there are 18 cities and countries around the world that a trader can contact. The website is very systematic and even provides Education on Binary Options. You can create a free account and learn to trade on it. There are many features that you click on and the information is pretty helpful if you are a new broker.


What I find uncomfortable about this Broker is that there are many negative comments and that it is a fraud company. Formerly known as TraderXP, it has a bad reputation whereby from the accumulated information that I have read and watched, they tend to withdraw money from your credit or debit cards without prior permission. Most of the traders are able to get back their funds back by calling their bank credit card’s fraud departments respectively and report Sycamore Options.


This way, it is highly likely that you are able to get back your money. Another Broker that is linked to Sycamore Options is Wealthy Trader, which apparently is also another Scam. In a nutshell, once you have money deposited in Sycamore Options, you will encounter many different reasons why you cannot withdraw your money out of it. Just be careful and really take your time to look through any Broker’s Terms and Conditions before you provide your card information.