True North Options Review 2026: No Terms, No Risk Warning, No Regulator
CONSOB ordered Italian providers to block truenorthoptions.com in a press release dated 3 April 2026. Across ten pages the site never uses the words regulated, licensed, authorised or risk warning, and publishes no terms and no privacy policy. We score True North Options 0.8 out of 10.
Quick facts
| Legal entity | None named anywhere on the site |
|---|---|
| Regulator | Unlicensed |
| Licence number | None. No regulator is named at all |
| Headquarters | Not published. The contact page claims presence across Europe, the United States and China without giving a single address |
| Minimum deposit | Not published |
| Maximum leverage | Not published |
| Instruments | Crypto | Metals | Stock Options | Futures | Green Energy |
| Withdrawal time | Not published |
| Segregated funds | Not claimed |
| Website | truenorthoptions.comnot linked: see our verdict |
We ran a text search across every page of truenorthoptions.com for the words regulated, licence, licensed, authorised, supervised, segregated, compensation and risk warning.
Ten pages. One match, and it was a checkbox label on a contact form promising that your data would be held “in accordance with the privacy policy”. There is no privacy policy. The link does not exist.
What CONSOB did
On 3 April 2026 CONSOB, Italy’s securities regulator, announced blocking orders against 32 websites: ten providing investment services unlawfully and 22 providing crypto-asset services unlawfully. True North Options is in the first group. The entry reads:
“Truenorthoptions” (website https://truenorthoptions.com)
CONSOB can order Italian internet providers to block a site outright, under article 7-octies of legislative decree 58/1998. That is a step beyond a warning, and the same order sweep also caught Fintxpert, reviewed separately.
A firm selling leveraged products with no legal documents at all
The site offers forex, crypto, “stock options”, futures, precious metals and something called Green Energy. It runs an account management service where, in its own words, “our experienced account managers handle the trading on behalf of clients”. It asks for identification documents at sign-up and takes bank transfers, cards and e-wallets.
For all of that, it publishes:
- No terms and conditions
- No client agreement
- No privacy policy, despite the form that references one
- No risk warning of any kind
- No complaints procedure
- No company name, registration number or country of incorporation
- No address, anywhere, for any office
- No telephone number
The only contact route on the entire site is [email protected]. The contact page fills the space where an address would go with this:
True North Options has extensive in-country presence across Europe as well as in the United States and China.
Three continents, no street.
The dates do not agree with each other
The homepage headline states “Making clients happy since 2003”. The footer reads “© 2025 True North Options”. A firm in its twenty-third year of operation with a copyright line two years old, no registered entity and no filings anywhere is not a firm in its twenty-third year of operation.
The blog reinforces the point. Four posts, rotated three times down the page to look like twelve, all of them general cryptocurrency news, none about the company or its markets.
The earnings ticker
A notification slides in at the corner of the screen every few seconds. During our reading it produced:
Nickie from Tampa just earned £114209 55 minutes ago.
Donovan from New York just earned £30478 21 minutes ago.
Two American cities, sums in pounds sterling, on a site with no UK presence and no stated currency. These widgets generate a name, a city and a figure at random on a timer. They are sold as a conversion plugin and they are not a record of anything.
The testimonials sit in the same category. One of them, attributed to “Parada, Active user”, reads: “I’m very glad to invest and promote the successful company, I’m in the Agricultural plan.” There is no agricultural plan on the site, and the phrase “invest and promote” describes a referral scheme rather than a brokerage. Two of the six testimonials are signed by people described as a CFO and a Head of Finance, and both praise their “Financial Adviser” rather than a broker. That copy came from somewhere else.
The counters
Three figures run across the homepage: 1M active traders, $4B+ asset transaction value, and $600M+ “Net Dividends Earned”, explained as “the actual earnings received by the investor from dividends”. Dividends are paid by companies to shareholders. A forex broker does not pay them, and a CFD position does not earn them. The line is there because the template it came from was selling something else.
What the score is made of
| Pillar | Weight | Score | Why |
|---|---|---|---|
| Regulation and licence tier | 30% | 0.4 | A CONSOB blocking order; no regulator named on any page |
| Fund safety and withdrawals | 25% | 0.5 | No entity, no segregation claim, no compensation scheme, managed accounts offered |
| Cost and execution | 15% | 1.5 | No spreads, commissions, swaps or minimum deposit published |
| Transparency | 15% | 0.5 | No terms, no privacy policy, no address, and a form that cites a document which does not exist |
| Complaint record | 10% | 1.5 | Blocked in Italy and listed by the AMF in France |
| Platform and support | 5% | 2.0 | An email address, and a claim of 24/7 support with no channel to reach it |
0.8 out of 10. The method is at our scoring method.
If you have already deposited
- Stop, and refuse any fee, tax or charge demanded before a withdrawal. That demand is the fraud, not an obstacle inside it.
- Find the payee name on your statement. With no company published anywhere, that name may be the only identity attached to your money.
- Screenshot the site, including the contact page, the missing legal links and the earnings notifications.
- If an account manager has been trading for you, stop authorising it in writing, by email, so the instruction is timestamped.
- Card payments: ask about a chargeback for services not provided, normally within 120 days.
- Bank transfers: request a recall immediately, citing the CONSOB order of 3 April 2026.
- Report it to your national regulator, and to CONSOB if you are in Italy.
- Refuse recovery offers.
The check worth learning
Before you look for what a broker claims, look for what every legitimate one is obliged to publish. Terms and conditions. A risk warning. A privacy policy. A named company with a registration number. These are not marketing assets, they are regulatory requirements, and a firm that has none of them has no regulator requiring them.
It takes less time than reading the homepage: scroll to the footer and look for the legal links. If the row is missing, the rest of the site does not need assessing.
The wider pattern is in our investigation into the blocked-brand pipeline.
Answered in detail
Safer alternatives
Rated Trusted or Neutral against the same six pillars. These link to our own reviews, not to the brokers, and no broker can pay to appear here.