Broker Review Stern Options

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Stern Options

Overview

SternOptions is a Forex Trading Platform
But is This Broker Scam or Stern Options is Legit?
Read 100% Full & Honest Review by ProTraders –
Minimum Deposit + Trading Results – See All Below!

Details

Broker Stern Options
Official Website URL www.sternoptions.com
Headquarters BP1 LP, 272 Bath Street, Glasgow, G2 4JR, Scotland
Support Types Live Chat, Contact Form, E-mail
Payout 88%
Free Demo Account Open FREE Demo NOW
Deposit & Withdrawal Methods VISA, Master Card, Maestro, Diners Club, American Express, Wire Transfer, Neteller
Number of Assets 80+
Overall Score 7.1/10

Full Review

The online trading practice shows that sometimes, traders seem to have negative experience with some particular online trading platform. However, most of them don’t give up but continue searching for a legit and highly profitable online investing partner. This is not so easy, as finding an authentic product means that you should know how to make the different between scam and legit platforms. In this line of thinking, we would advise traders, especially the newbies to work with some legit and already proven to work online broker, as it is a well known fact, that in general, they are more authentic and trustworthy than Forex robots.

In this review, we are going to present to you one new online brokerage platform that is called Stern Options. Even though, it is not as recognizable as other similar products that are available on the market, it seems to provide its member with a really strong trading performance. As a result, all the traders that use it appear to be fully satisfied with the way it operates.

Interesting information about the broker is that it was founded and owned by the company GUM Ltd. So, we suggest that you read the whole article in order to reveal every aspect of the platform and how it actually works.

How to Use?

Earning profits with SternOptions is easy and smooth for everyone thanks to its incredible user-friendly interface. In addition, the broker utilizes an extremely fast and powerful trading platform. It is one of the most proficient and reliable in this field of online investing. Its prime advantage over other platforms is the unique speed it has, which allows it to perform complex calculations in less than a second.

Furthermore, the implemented algorithm of Stern Options is highly professional and operates under some of the strictest security standards. And we know well that this is the only way that can assure traders that their earnings and invested funds will be safe and secure.

No Download

This new ans super attractive Forex broker is web-based and this means that you don’t need to download or install anything in order to start earning profits. Still, if you want to have the option for mobile trading, you will be given that chance, as the Android and iOS compatible version of the platform is optimized for that.

How to Start with SternOptions?

There are just 3 easy and simple steps you need to complete. Once you have filled in the provided form and have placed your initial deposit amount, you are ready to start your trading experience. There isn’t anything else you are required to do. In addition, all the special features of the platform will help you immediately start earning significant amount of daily profits on regular basis.

Review Verdict: Stern Options is Not a Scam

Returns

One of the most important and valuable features of this online Forex broker is the fact that it offers a a great variety of assets you can trade with. The total number is 120 as they are divided in the 4 main categories. Also, you are able to trade directly on the Forex market.. This leads to the logic conclusion that the payout levels of the broker are also high, thus granting that traders will earn serious income every day.

SternOptions is a broker that offers its services for free. You only have to deposit initial investment amount but it depends on the account type you want to open. So, basically everyone can take advantage of the amazing trading process, provided by this exceptional online investing platform.

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Customer Service

The level of customer support service, managed by the team of Tern Options is really high. You can receive help or guidance 24/7. In addition, you can rely on several different contact forms you can use to get in touch with the team – e-mail, phone and chat.

Testimonials

“I have been dealing with online trading Forex for 3 years now. During mu whole experience I have used many different automated trading robots but none of them managed to deliver my the promised profits. So, I decided to stop for a while when a friend of mine recommended me SternOptions. I registered and started to trade. Only for 4 days of placing trades I earned over $2,500. This is really amazing and I don’t know what to say. It is absolutely obvious that the team behind the brokerage are professionals that provide their clients with outstanding results.”

Conclusion

Sternoptions is the perfect broker platform for everyone – from a complete newbie trader to advanced online investors. This is thanks to the fact the broker has all the needed tools and special features that help people generate satisfying trading results on regular basis. Therefore, we are more than confident that the broker is 100% legit, solid and reliable partner for everyone.

You should not hesitate but register in the platform if you want to become a successful Forex trader.

6 Responses to “Stern Options Review”

I totally agree with the information you have shared in this review because Stern Options is legit and powerful broker, indeed. I am currently trading with its platform and the results are over just decent. On the contrary, they are absolutely incredible as I manage to accumulate a couple of thousands of dollars per week. In my opinion this is really great result, so I won’t stop using the services of the brokerage, at any cost, at least not until it keeps winning profits for me.

Hey, I wanted to share the positive experience I have had with this Forex broker. SternOptions is truly one of the most attractive platforms on the Internet. It basically ensures that you generate sufficient earnings to lead a decent life. Sign up is 100% free and you get to take advantage of all the wonderful features it provides.

Very new, but very useful broker – I was searching for a long time from where to start, and Stern Options is my choice.

hi I am a newbie

are there a instruction on how to start trading??

Hello, Marvin! Nice to hear from you. You have made a great choice for Forex broker. In order to start you have to open an account and make a deposit. After that you can use the educational section of Stern Options or consult with your account manager. Good Luck!

You say the site is a auto trading so how do i but on auto trade so it does it for me

Leave a Reply

DISCLAIMER: All Information such as Winning Ratios, Results and Testimonials are to be regarded as simulated or hypothetical. All the information on this website is not intended to produce nor guarantee future results. There’s no guarantee of specific results and the results can vary.
RISK DISCLAIMER: Trading Binary Options is highly speculative, carries a level of risk and may not be suitable for all investors. You may lose some or all of your invested capital; therefore, you should not speculate with capital that you cannot afford to lose. You may need to seek 3rd party financial advice before engaging in binary option trading.

Stern Options Broker Review 2020

Stern Options is one of the newer brokers on the market, founded just 6 months ago in mid-2020. It is owned and operated by GUM Limited, with addresses listed in Glasgow, Scotland and Sofia, Bulgaria. Read our full review below to find out if this broker is worth your time and money.

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SternOptions Account Features

Stern Options returns range from 70-85%, quite standard in our opinion. However, the returns may go up to 500% for ladder options. The minimum deposit amount is the standard $250 while the minimum trade amount is just $5.

Unfortunately, there is no demo account available which is a shame as this is generally a good way to try out a broker without any risks.

However, the website does feature an extensive education centre, including a trading academy which comprises a video library, various e-courses and strategies as well as platform tutorials. This section is only accessible by account holders. Account managers are also available to lend a helping hand.

Stern Options also offers a Calculator tool which provides technical analysis using 3 different indicators: Bollinger Bands, RSI (Relative Strength Index) and the Moving Average. The site also gives detailed explanations as to how these work.

SternOptions Trading Software

The broker offers a wide variety of assets, 200 in total, ranging from all the usual currencies, stocks, commodities and indexes to popular Forex pairs too.

Stern Options makes use of the popular web-based SpotOption trading software, used by the overwhelming majority of brokers. Thus, although it is a decent, dependable choice, there is nothing unique that makes it stand out from the rest.

They offer several different option types including short and long term options, Pairs, One Touch, Limit options as well as CFDs and Forex too. Finally, the Spot Follow type incorporates copy trading into the mix.

SternOptions Support Information

Traders may get in touch via email ( [email protected] ), by phone using one of the 7 local telephone numbers listed or via live chat.

As the website is available in both English and German, they provide a toll-free telephone number for both these countries.

There is also a form that can be filled out and submitted on their website for more general enquiries.

We attempted to contact a member of staff through live chat but were told that the agents were “not available right now” and instructed to leave a message and they would get back to us. This seemed a bit strange as the broker claims to offer 24/5 support and it was 20:30 on a Friday evening so there should have been someone available.

SternOptions Payment Methods

Deposits can be made through credit cards, Skrill or Wire transfer. The broker accepts most major card types but wire transfer is only accepted for amounts of over $500.

Withdrawals can be done via the above methods but we noted that a processing fee applies, although there is no minimum withdrawal amount. Traders will also be required to submit several personal documents as proof of identity before any withdrawals can be carried out.

Unfortunately, we discovered that Stern Options does not currently hold a valid license by any European regulator. This means that they are not regulated and therefore not under supervision by any appropriate financial authorities.

Browse through our regulated brokers section to find a broker with a proper license to put your mind at rest.

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SternOptions

Broker Name: SternOptions
Platform: SpotOption
Founded: 2020
Bonus: 100%
Return/Refund: 75-85% / 0%
No. Of Assets: 60
Regulated: No
Demo Account: No
Minimum Deposit: 250
US Traders: Not Accepted

SternOptions Review

The information about SternOptions is mixed and rather uncertain. According to their website and Terms & Conditions, Stern Options is owned and operated by BP1 LP, but we couldn’t find an address on their website. According to other sources, they are located on 5th and 6th Floors, Landmark Building, 14 Tsar Osvoboditel Blvd., Sofia, 1000, Bulgaria.

According to yet another source, the owning company of Stern Options is GUM Ltd., with address: 3rd floor C & H Towers, Corner of Great Marlborough and Great George Streets, Roseau, Commonwealth of Dominica. Some websites list the owning company as BP1 LP, with address 272 Bath Street, Glasgow, G2 4JR, Scotland. I have no idea which address is the real one.

Is SternOptions A Scam?

There are warning bells all over here. What I do know is that Stern Options has no outstanding regulation. Their Terms and Conditions say they are owned and operated by BP1 LP, but no address is listed. According to the British Companies House, their address has changed from 272 bath street, Glasgow, G2 4JR to Suite 2 5 St Vincent Street, Edinburgh, Scotland, Uk, EH3 6SW. I have to mention that upon a Google search, I’ve found out that both these addresses are most likely virtual offices, so if you choose to trust an unregulated company, with a virtual office address… well, you are an adult and responsible for your actions.

Editor’s Note – Why Doesn’t Stern Options Suck in 50 Words

I’m trying guys, I’m trying… they don’t suck because… ah no, that’s not it. The colors of the website are nice… no, that can’t be it either. They say they are the “World’s most acclaimed trading environment” and “the most experienced group of professionals in the industry”. Yes! That’s it! They don’t suck because they say they are the best and I have no choice but to believe them… or maybe I suck at seeing why they don’t suck.

Why Does Stern Options Suck in 50 Words

Unregulated brokerage, new on the scene, unclear information regarding the owning company and address… sorry but that doesn’t sound too reliable to me. Also, they are using the SpotOption platform and although this is not a bad platform by itself, it shows that Stern Options are just going with the herd (about 70% of brokerages are using the Spot platform) and are not willing to take a risk and build their own platform.

Should I Open An Account With Stern Options?

Right from the start I could tell that Stern Options is a broker with the same characteristics of most SpotOption operators: they are the best, they have the most advanced platform, their employees are the most professional and experienced. If I were to list them I should end my review here and conclude they are the best brokerage on the planet. Obviously, I am not going to do that!

Even if they say they’re the best, I beg to differ. I haven’t seen anything that can make me consider them more than mediocre: the FAQ section answers some of the questions a new trader may have, but obviously, not all, the education section is composed of some tutorials and an e-book (the same one that can be found on most SpotOption brokers). The minimum deposit is 250 EUR/USD/GBP/AUD but I couldn’t get any information about the accounts or the perks of each account type. I asked a live support representative to direct me to a page that contains the details of each account type and… Surprise: I was asked if I have an account with them. Well, No! If I am asking about what types of accounts you offer, there’s a huge chance that I don’t have an account. Ok, then she asked me my full name, email address and phone number. All of this just to know what are my account choices. But I went with it and I gave her my [phony] information and I was expecting an answer to my question… finally. But, surprise again: she told me she is just technical support and cannot help me but instructed me to open an account, telling me that after I do that, I will get the information I need. So it’s basically like this: Client – “I want to order lunch. Show me the Menu please” Support/Waiter – “Order first, then you get the Menu. ” Oh, my, the professionalism…

So let’s answer the initial question: should you open an account with Stern Options? I honestly don’t think so. For now, they don’t offer anything that stands out and I believe there are better choices of brokerage. As long as the big, well respected and regulated brokerages still accept new clients, why would you go for a newly launched one, that doesn’t offer a lot of certainty for the moment? Maybe in the future, I will change my answer but for that to happen, Stern Options need to put in a lot of work.

SternOptions Complaints

The internet is going crazy with complaints about Stern Options (you can also find tons of them in our Comments section below this review). The reasons are various but the biggest problems are the inability to withdraw and the fact that account managers are blowing accounts left and right.

One client lost about 42,000 Pounds due to bad trades made by his account manager (according to the client, the manager got one trade right in 12) and then he was asked to loan 20K more to make the money back. I really hope he didn’t add more money but this just goes to show one more time that you shouldn’t trust the broker’s employee to trade your money… especially if he’s working for Stern Options.

SternOptions Regulatory Warnings and Announcements

02/06/2020: The British Financial Conduct Authority warned that Stern Options has been providing financial services or products in the UK without their authorization The FCA also mentioned that some unauthorized firms knowingly run investment scams and warned people to stay away. Source: FCA Warning.

11/07/2020: The New Zealand Financial Market Authority issued a similar warning. They also mentioned that Stern Options representatives are cold calling New Zealand residents. Source: FMA Warning.

SternOptions Bonus

The exact amount of the bonus is not specified but their Terms and Conditions stipulate that you will have to reach a turnover of 27 times the bonus before you can withdraw. Why 27 times and not 30 or 25? Your guess is as good as mine…

SternOptions Withdrawals

There is no minimum withdrawal amount and the methods are credit cards, wire transfers, and Skrill. The duration of withdrawals is usually 7 business days and some identification documents are required, in order to comply with Anti-Money Laundering rules.

SternOptions Extras

They have an Economic Calendar. This can hardly be considered an Extra feature but it’s the closest thing and I don’t want to leave this section empty.

Trading Bitcoin With SternOptions

The SpotOption platform supports a lot of cryptocurrencies and SternOptions are taking full advantage of that, offering CFDs on Bitcoin, Bitcoin Cash Litecoin, Ethereum, Ripple, Bitcoin Gold, Dash and others. Cryptocurrency pairs are also available: Bitcoin vs Dash (BTC/DASH), Bitcoin vs Ethereum (BTC/ETH) etc., but also Cryptos vs Fiat currency: BTC/USD, BTC/EUR, ETH/JPY, etc. This is not the full list of assets; they have much more so if you are into crypto trading, you will probably be satisfied by their offering.

The downside is that SternOptions does not offer Binary Options on Bitcoin and altcoins, only Contracts For Difference (CFD) so if you are only familiar with BO, you will have to put in a bit of work to understand how CFDs work. The upside, however, is that you can use leverage of up to 3:1. It’s not a lot but it’s better than nothing.

Stern Options Ratings

User Friendly 16/20

The website is available only in English and German so that won’t get them many points for user-friendliness. While browsing their website, some text switched to German while the rest of the page remained in English – again, not very friendly. On the other hand, the SpotOption platform is well-known for its ease of use.

Number of assets and expiry times 16/20

They offer 12 currency pairs, 19 stocks, 7 commodities and 19 indices. Compared to other brokers, this is a thin asset basket and on top of that, not all assets listed in their Asset Index were available on the trading platform even if the underlying market was open at the time. The expiries range from extremely fast (60, 90, 120, 180 and 300 seconds) to 15 minutes, half an hour and hourly and long term. The SpotOption platform is known for its flexibility and it doesn’t fail here.

Commissions, Support and Effective return 15/20

There are no commissions for opening an account (this is common for all brokers) but there are some fees for withdrawals: 3.5% of the amount you want to withdraw if you are using a Credit Card and 15 USD per wire transfer. Deposits via wire transfer (above 500 USD) will incur a 20 USD fee. Live Support was just a waste of time and totally unhelpful. The effective return ranges between 70% and 85% but you should always check the displayed return before investing because it can get lower than 70%.

Deposit, Payment and Bonus 14/20

The min deposit is $250. Deposits can be made via credit/debit cards, bank transfers and e-wallets (Skrill). Withdrawals can be made via the same method used for the deposit. Identification documents are required, as well as a Voice Signature. For the latter identification method, you will need to contact your account manager. The bonus turnover is 27 times.

Website Extras 13/20

Nothing really stands out except their Economic Calendar, which is pretty well put together.

Stern Options Overall Ratings: 74/100

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