Flex Options has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to MT2Trading. We’ve received over 4 complaints against Flex Options.
Flex Options is an unregulated entity, raising concerns about its validity. Without a license, business is not subject to any regulatory authority, which increases the danger of scams. Victims confront difficulties in reporting and retrieving monies. Always check a company’s regulatory status, and be wary of brokers who promise “small wins” to entice more investments before disappearing with your money.
If you’ve lost money or have had a bad experience with Flex Options, you can work with an investigative agency. They can provide you with the help you need:
Key Takeaways
Is Flex Options Regulated? Do They Have a License?
The National Securities and Stock Market Commission of Ukraine has issued a warning against Flex Options in relation to market intermediaries who are required to be licensed or registered investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Flex Options might be a scam or most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Flex Options, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Flex Options
However, it’s worth noting that many forex scams disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, shady forex brokers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
Victims can get help from a specialized investigation agency that can look into the scam for them. Contact our recommended agency here.
Flex Options Customer Service: Do They Handle Complaints Well?
When it comes to forex brokers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, shady brokers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Shady brokers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Flex Options Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Even if Flex Options might not be a scam, brokers like them rely on fake reviews to increase their credibility.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust the online Flex Options reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Flex Options, chances are, you wouldn’t find many legitimate reviews.
Another prominent way brokers like Flex Options enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Flex Options reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Flex Options.
You should always look out for consumer complaints. In the case of Flex Options, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Flex Options? You can share your complaint in the comment section or submit an anonymous tip.
Is Flex Options Legit Or a Scam?
Flex Options is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Flex Options can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Flex Options?
All the evidence suggests that Flex Options might be a scam. You shouldn’t risk your funds with a broker you don’t fully trust.
If you’ve experience in dealing with this company or a similar one, we recommend working with a trusted investigative agency. That way, you can get professional help and resources.
Frequently Asked Questions
Is Flex Options a scam?
Flex Options scammed me. What do I do now?
Where is Flex Options Located?
Are there any Flex Options complaints?
How Forex Scams Work
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
