Polarity Index Review: Safe Or Scam? Polarity Index is a cryptocurrency broker whose strategies seek to enable traders profit in both bull and bear markets. This broker offers a wide range of Crypto currencies for trading. Among the Crypto currencies offered for trading include Bitcoin, Ethereum, RippIe, Bitcoin Gold, Bitcoin Cash, OmiseGo, Qtum, EOS, NEM and many more. These coins are traded against major fiat currencies like the USD, EUR and even Crypto currencies like BTC and ETH.
How Does Polarity Index Work?:
Polarity Index is supposedly a broker offering trading on Crypto currency assets through binary options model. What this means is that they are offering trading in Fixed Return Options which is basically the same thing that Binary Options brokers do. However, though their website looks detailed, there isn’t much information on their trading condition. This company runs three investment accounts and accepts a minimum deposit of five thousand Euro.
- OVER SIMPLIFIED PLATFORM- There are no advanced tools to help traders use the platform.
- HIGH INITIAL DEPOSIT- Unlike other brokers which accept a minimum deposit of $100-$250, Polarity Index accepts 5000 Euros as Initial Capital.
- NOT MANY ASSET CLASSES ARE COVERED.
What You Should Know About Polarity Index:
Though we can’t out-rightly say if this broker is a scam or not, there are a couple of negative reviews online which indicate that this broker might be shady. Also this company operates anonymously. We can’t say where they are based or who their real owners are. Recently, Polarity Index was among the three unregulated Brokers FCA Warned investors to be wary of. On their site, Polarity index claim that their activities are overseen by their company known as ALTERNATIVE INVESTMENT SPECIALISTS LTD. They claim that this company is FSC regulated but we are not quite sure what the abbreviation FSC means.
Polarity Index Review Conclusion:
We are not convinced that this broker is legit. Most customer reviews are negative, while some say this broker is fraud.
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