Reported as a scam / unregulated
Why SharkOption is on the register
SharkOption claims it was created in 2009 and at the moment it’s the top choice of more than 5,000,000 traders. But when we checked its domain, we found it was created in 2021. So how could it start its business in 2009? It is a red flag here. Besides, SharkOption presents no details of its regulation but only shows its company address is in Australia. As per relevant law, all companies and financial services including banks, credit unions, and mortgage and finance brokers in Australia should be regulated by the Australian Securities & Investments Commission (ASIC). However, we did not find any match results to SharkOption in ASIC. That means SharkOption is not under valid regulation by any regulators to do forex. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.