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How much is the commission in Standard Account?
Alice
Poland
May 27, 2022
ANSWER Time Option is not a licensed or regulated broker even though it states offers that look good to be true. Time Option claims it is the brand name of Oracle Stone Ltd, a company located in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results to Oracle Stone Ltd or Time Option in FCA. Besides, Time Option presents its license in the Belize Financial Services Commission (Belize FSC) with license number: IFSC/60/263/TS/14. However, we did not find any match results to Time Option in Belize FSC.The truth is, Time Option is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Time Option and trade with licensed brokers.
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Do you have information about Time Option? Are they legit?
SarahYoung
Belgium
May 12, 2022
ANSWER Time Option is not a legit broker and should be avoided at all events. Time Option claims it is the brand name of Oracle Stone Ltd, a company located in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any match results to Oracle Stone Ltd or Time Option in FCA. That means Time Option is not an approved broker to offer financial services in the UK.Besides, Time Option presents its license in the Belize Financial Services Commission (Belize FSC) with license number: IFSC/60/263/TS/14. However, we did not find any of its regulation from the FSC' registry. So Time Option is not regulated by any financial regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.We would recommend traders stay away from unregulated brokers like Time Option and trade with licensed brokers.
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