Empire Trade Option Review

About Empire Trade Option

Empire Trade Option operates under the name Baumann and Kraus Enterprises Ltd, registered in Saint Vincent and the Grenadines, and offers trading in forex and binary options without regulation from any recognized financial authority (). The broker's website—empiretradeoption.online—does not display any license numbers or evidence of client fund segregation, negative balance protection, or investor compensation arrangements ().

The Commodity Futures Trading Commission (CFTC) includes "Empire Options" (same ownership and origin) on its RED List, indicating it is soliciting U.S. customers while not being registered, though no formal violation has been adjudicated (). Multiple independent sources categorize Empire Trade Option as high-risk or a scam, citing frequent customer complaints about withdrawal problems, price manipulation, unresponsive support, and offshore anonymity ().

Who it’s for

• Not suitable for traders seeking regulated or protected trading environments.
• Not appropriate for U.S. residents due to lack of CFTC/NFA registration and inclusion on the CFTC RED List ().
• Potentially used by individuals unaware of regulatory risks or seeking high-risk offshore trading.

Pros and cons

Pros

• No verified regulatory or investor safety mechanisms were confirmed.

Cons

• Unregulated by any major financial authority, including FCA, ASIC, or CFTC/NFA ().
• Listed on the CFTC’s RED List for soliciting U.S. customers without registration ().
• Frequent reports of withdrawal issues, opaque fee structures, and possible platform manipulation ().
• Headquartered in an offshore jurisdiction with minimal oversight ().