ANSWER Indeed, Expertoptiontrade appears to be fraudulent. We strongly recommend reporting this entity to your local authorities and discontinuing any further interactions with this unregulated trading platform.Expertoptiontrade purports to hold an unspecified license to bolster its claims of authenticity. However, this company, which allegedly operates from the US, has not complied with American regulations, notably failing to secure membership with the National Futures Association (NFA).In light of these observations, Expertoptiontrade presents substantial risks, including fraud and identity theft. We urge you to exercise utmost caution, particularly as there are unscrupulous individuals who exploit victims' desires to recover funds, leading to further financial loss. It is imperative to engage only with brokers that are fully regulated and compliant with the law. Please stay vigilant.
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