AllDayOption scam has totally failed our credibility check. There are many things wrong with this broker and will provide all the reasons further:
- Not regulated
- Unprofessional client support
- Education center is not operational all the time
- Does not offer any kind of a demo account
- Withdrawal is allowed only for wires and credit/debit cards
Read our full AllDayOption scam review and find out the truth about this broker!
AllDayOption Scam Regulation
From the legal standpoint, AllDayOption is certainly a fraud. Transparency is the way to stay afloat for many years to come. All new reputable brokerage firms obtain the license from officially recognized regulatory bodies. This process should not take more than 6 months, though this company was established in 2015. However, it has been more than a year but AllDayOption broker still does not have any license.
The quality of AllDayOption customer support is questionable. Although their staff can provide some help when you contact via live chat or email, the support agents mostly ignore all possible complaints – especially if there is an issue with making a withdrawal.
The indirect client support has failed all our expectations. The broker claims to offer tutorial videos and trading courses – but they are never accessible when you try to click on them. The only operational video there is the website advertisement.
AllDayOption Opinion: Trading Conditions
To start trading at AllDayOption, you can only choose a live account. There are no live account options that may offer premium features. The only requirement to begin trading binaries at this broker is to deposit $250 or the equivalent amount in EUR, GBP or CAD.
Unfortunately, no demo account is presented here. Some binary brokers allow getting the demo after real account registration – that is not the case with AllDayOption.
Our AllDayOption review has discovered that the trading platform offered here is SpotOption. It enables all users to trade binary options directly from the website and no software is required to download. There are various ways to trade options here, so let’s list them below:
- Classic Binary Options trading
- 60 Sec Options
- One Touch
- Spot Follow (mirror trading feature)
SpotOption offers nice binary trading experience, but we do not advise to try this platform at AllDayOption.
As for the AllDayOption bonus, there is only one active promotion – a referral bonus.
Deposits and Withdrawals
For deposits this scam broker permits credit/debit cards, wire transfers and e-wallets such as Skrill, Neteller, QIWI and WebMoney. To apply for the withdrawal, you have to upload the documents beforehand. Our AllDayOption.com review has detected that the only payment methods accessible for withdrawing money are credit/debit cards and bank transfers.
The Bottom Line
Many AllDayOption reviews have shown a distrust in this brokerage. Our own investigation has lead to the conclusion that this broker should be avoided. Do not sign up!