The Broker OFM – Option Finance Markets (OptionFM)
Is This Binary Options Broker Legit or OptionFM is Scam?
100% FREE & Full OptionFM Review – The Truth Exposed!
|Support Types||Live Chat, E-mail|
|Free Demo Account||Open Demo|
|Deposit & Withdrawal Methods||VISA, MasterCard, Maestro, PayPal, Skrill, Neteller, WebMoney, Wire Transfer|
|Number of Assets||70+|
Important Update: OptionFm does not accept any more clients and this broker has closed for trading operations.
Option FM was launched in 2014. They are a binary options broker that is really popular among traders. Just within two years of their inception, they have attracted a large number of traders to their platform. Their website is well designed and consists of menu items to help traders navigate easily. We can say that the site looks great, but what about the broker? Are they really trustworthy just as we can see on their website or should we be use caution when choosing them? We will find the facts about Option.fm in this review.
Review Verdict: Option.fm is NOT a Scam
Their trading platform is powered by SpotOption which is a popular binary options trading software provider in the market. For winning trades, payouts can result in 91% profits depending on the assets the money has been invested on.
For Ladder and One Touch Options, the payouts can be even higher. Other options available include Long Term and 60 Seconds. A wide range of tradable assets are available with the broker. Their 200 or so assets cover categories such as currency pairs, commodities, indices and stocks.
Account Types and Bonuses
Option.fm offers several different types of accounts. These include Newbie, Start-Up, Entrepreneur, Top Executive, CEO, Financier and Mogul Accounts. The minimum amount required to start a Newbie account is €250 and the minimum for a Mogul account is €100,000. The rewards and bonuses vary from account to account. Basically, the higher the account level, the better the bonuses and rewards.
Review Verdict: Option.fm is NOT a Scam
Option FM – A Legit Broker or a Scam?
There is no proof of any fraudulent activity associated with the binary options broker Option FM. They are very much legit because they are licensed in Belize and the traders feedback is positive as traders are gaining profits based on their investments. The regulatory authority in Belize has issued them their broker’s license is known as the International Financial Services Commission and they have stringent rules within which brokers must operate. With the regulation, traders have the assurance that the broker is operating in compliance with the trading laws of the European Union.
How To Open a Trading Account?
- FREE Sign Up – to get started at Option.fm, you have to complete a simple sign up form and register your details.
- Trade – to start trading, you must have funds in your account. You can use the several deposit options available from the broker to add funds and start making money instantly.
- Withdrawal – your earnings can be withdrawn to your personal account without any hassle. All you have to do is follow the withdrawal procedure that has been outlined by the broker.
Deposit and Withdrawal Procedures
Once you have set up an account, you can use many different methods including credit cards and bank transfers to deposit and withdraw money. The best part is that a range of convenient and easy online payment methods are also available. These include Paypal, Inpay, Neteller, WebMoney, CashU and so on. You can make a minimum deposit of $250 and request a minimum withdrawal of $80. The methods and the procedures are very simple and convenient.
Customer Support Information
Customer support service at Option.fm is excellent. In fact, Option.fm has a reputation for providing personalized customer support service to their clients. The account managers can be reached via phone or they can be contacted via live chat. The operators are generally available round the clock and they are very quick to respond to queries and questions. Email support is also available.
One of the good things about customer support at Option.fm is that they try to cater to the needs of traders from different countries. This is the reason their support is available in multiple languages. They have local telephone numbers in several different countries as well. Some of them include Canada, South Africa, New Zealand, UK and Germany.
- Withdrawal of Funds is Simple
- Well Optimized Trading Platform
- Wide Variety of Tradable Assets
- User Friendly Website
- Available Only in English
We Recommend You to Get Free Demo Account with OptionFM