Start Options Review – Is This A Good Opportunity Or Big Scam?
Start Options has been getting a lot of attention on the web lately.
Because there is so much hype, a lot of network marketers are trying to sell this opportunity all over the place, including all over social media.
I want to let you all know that I am NOT in any way promoting or selling Start Options.
I have simply gathered for you all the facts in this Start Options Review in order for you to make a proper decision about it.
So, is it true? Is Start Options a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is Start Options?
In the case of Start Options, we’ve got an MLM opportunity that fails to offer any concrete background information on its official website. There’s no mention of who owns or runs the company, and this is never a great thing to see.
The domain name for the Start Options site was first registered back in December of 2005, but it was recently updated on December 18, 2017.
Start Options has a residential address in Manilla, Philippines listed on its site in addition to a Auckland, New Zealand one being mentioned in a marketing presentation, but after looking further into these, it’s clear that the company has no physical presence in either country.
A support email on the site refers to someone by the name of “William Adelbert”, but with there being to info on this person either on Start Options’ site or outside of it, it appears to be referring to someone that doesn’t exist.
Although the Start Options opportunity we’re talking about today has only been around since May of 2017, Start Options actually first launched in 2016 with a binary options opportunity.
The first iteration of Start Options seems to have collapsed at some point in October of that year, but when the original version of the site was still around, the following message was present:
“Start Option is a regulated investment services firm authorised in the conduct of its activities by the New Zealand Securities and authorities under FSP number FSP1623.”
I decided to look up the FSP number mentioned here, and when doing so, it can be seen that this belongs to City Forex.
City Forex was incorporated back in 2005 (the same year the Start Options domain was first registered), and it’s owned by Sunil Kumar Cheruvattath.
Although there’s no mention of Cheruvattath on the current Start Options website, it’s quite obvious that they’re the one behind the company.
What Are The Products For Start Options?
Looking at Start Option’s product line, there’s really not much of anything to see.
There aren’t any goods or services being marketed or sold to retail customers, and this means absolutely no retail sales activity.
Affiliates for Start Options have only the affiliate membership to offer to those looking to join a new income opportunity, and at least in my experience, this is something you only find with opportunities in the MLM underbelly.
What Is The Compensation Plan For Start Options?
Speaking of the income opportunity, affiliates for Start Options are asked to invest either bitcoin or USD so they can earn a monthly ROI between 25% and 60%.
There’s also another option referred to as “aggressive trading” that enables members to earn “up to 200%” for the monthly ROI, and the investment options that affiliates can choose from are as follows:
- Rookie — Invest 0.25 BTC / Invest $1000 to $5499
- Freshman — Invest 1 BTC / Invest $5500 to $9999
- Sophomore — Invest 2 BTC / Invest $10,000 to $14,999
- Junior — Invest 3 BTC / Invest $15,000 to $24,999
- Senior — Invest 5 BTC / Invest $25,000 to $34,999
- Pro — Invest 7.5 BTC / Invest a minimum of $35,000
Referral commissions are also an option with Start Options, and with these, affiliates can earn 30% on level 1, 20% on level 2, 10% on level 3, and a commission of 5% on level 4.
What’s Does It Cost To Join Start Options?
Start Options has an option for becoming an affiliate for free, but with this you can only earn on referral commissions.
If you want to earn on referral commissions and the monthly ROI, you’ll need to invest every 0.25 BTC or $1000 (or more, of course).
Is Start Options A Scam?
Have you heard from a friend that Start Options is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about Start Options – is it a scam or legit?
Good news – Start Options is not really a scam.
But, be sure to take a look at the conclusion, because there are some things you should be aware of.
This is how you will build a successful in your business.
Let me help you make more money.
Start Options Review Conclusion
Start Options is claiming to be “one of the world’s fastest growing Progressive Bitcoin Mining & Crypto Currency Trading” businesses around, and along with this, it also touts the following stats:
- 540,000 trading accounts have been opened with us
- Reliable execution: over 150 million orders filled to date
- Clients from 173 countries with billions deposited to date
These numbers look mighty impressive at first, but when you realize that the Start Option website is ranked just slightly below one million on Alexa, you start to realize just how outlandish they really are.
At the end of the day, Start Options is yet another company trying to make a few bucks on the cryptocurrency hype that’s going on right now.
However, despite claiming that it mines and trades cryptocurrency, there’s no evidence of this taking place. The only funds coming into the company come from affiliate investments, and this means newly invested funds get turned around and used to pay ROIs owed to other members.
As such, Start Options is being run as Ponzi scheme.
Once new funds stop coming into Start Options, there will be nothing left to see. The admin will make off with the lion’s share of what’s been invested, most all affiliates will end up losing out, and recovering lost funds will be next to impossible.
I sure hope that you have found my Start Options review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my Start Options review to have all the information for you.
If you decide to carry forward with Start Options, make sure you make the most out of it and learn how to market yourself online.
Click to get my free training that shows you how.