We would like to take a stand on the allegations made in this post. We would also like to ask Bitcointalk moderators to ban the author of the above post due to unjustified allegations and disparagement.
For the community, we would like to clarify the above mentioned issues:
1) The author is saying that our platform “claims to be” a licensed institution, where in fact, our company is a licensed institution and information regarding that can be easily found in open sources or by following the link on our main page. Our license is valid and term-less and our KYC/AML procedures are being conducted according to the rules of FIU.
2) We are not charging 10% daily interest on leveraged amounts, we are charging 10% annual interest on a daily basis. Which means that if you have taken a leveraged (100-1) position for let’s say 1000 USD, then you owe 990 USD in total which is not interest-free and is charged as 990 * 0.1 / 365 = 0.27 USD per day.
3) The size of the leverage positively correlates with risk and potential result. Options with the highest leverage can get stopped-out quite quickly if the BTC price moves in the wrong direction.
4) As you came from Fractal which offers a unique promotion of 100% bonus on the first deposit of up 150 USD to the user, the authors has gotten his bonus. According to the rules of this promotion, this is bonus money that you can only withdraw if your deposit and bonus have been invested into one of our products at least once. That is why your withdrawal has been rejected.
5) It is obvious the author lacks understanding of how options operate and are priced in general. His understanding when it comes to options traded with leverage is even worse. There are many parameters in the Black-Scholes formula that are taken into account when pricing an option. Volatility is one of them. Taking into account that volatility of BTC also changes and fluctuates over time, so do the options which use BTC as the underlying asset.
6) Derivates and especially options are very volatile and risky trading instruments, this is the exact reason why they are potentially so profitable.
7) There are thousands of happy active Bitlevex users depositing, trading and withdrawing their funds every day.
If you need any assistance and/or consultation about options and their nature, feel free to contact our support.
Thanks for your interest in Bitlevex and your opinion.