Is Options Express A Scam

Answer 1

I don't know. They are an online investment company, in which you give them your money and they help you make trades. On line stock brokers, basically.

One thing concerns me in general, and two things concern me specificallly.

1. Call me old fashioned, but I think people have better luck dealing with brick and mortar companies, Amazon notwithstanding. There are times and places to give your money to strangers, and it seems the net is not generally one of them. Not without enormous name recognition and proven performance, any way.

In other words, investing on line with a some venerable company you've heard of is one thing, but with a relative unknown is another.

2. There was a rather detailed and plausible complaint by a man claiming that an instruction wasn't followed that cost him a substantial amount of money. These things happen to the best of companies, but apparently it was not resolved at all.

3. There is at this point a class action suit against them. A not very efficient law firm is searching about for those who wish to join. So maybe that means something, and maybe it doesn't. Hard to say.

There you have it. Best bet? Do your investing with a known name brick and mortar business so at least when it tanks you have an office to go complain to.