OptionM claims to provide a Demo account and risk free trading to its clients, but is this really true?

Skip the Content & Read the Final Conclusion

According to our team’s research, OptionM does NOT provide demo accounts. As an alternative we selected the top brokers that provide a Demo account for free.

Top10BinaryDemo cannot confirm that OptionM can offer you a demo account. In order to avoid risking real money you can Proceed to an Approved Broker with Demo Account OR choose from the Top Demo Brokers:

Top Brokers with Demo Account:

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Full Review

Today, the financial markets present ample opportunities for those who want to earn profits from Forex investments. There are many brokers offering high quality services to all those individuals who are looking to earn from home. But the problem is that not all Forex and CFDs trading brokers can be trusted.

Every now and then new brokers are established with big promises and claims. But when investigated, the majority of them turn out to be scams. Recently, the industry witnessed the launch of a new broker called OptionM. To find out if they were a legit option or not, we conducted a thorough research and compiled a review.

Our investigation has revealed some shocking facts about this new broker. We think that OptionM is a scam broker and not a reliable option as they claim to be. Read on to find out why we think traders should not trust this broker.

Trading Platform

We aren’t really sure about which trading platform this broker operates on. It appears that their trading platform has been designed in-house. It is not a bad idea to try a new platform, but only if the platform is equipped with innovative and special features. OptionM’s trading platform lacks quality features.

The features are quite basic and it won’t be wrong to say that they don’t really add much value to the trading experience. Assets are also limited and the options aren’t vast. We are not impressed with what OptionM has to offer to its clients. We expected them to have advanced features, but sadly they don’t.

Getting Started with OptionM

Our investigation into the matter proves that OptionM is not a reliable trading platform. But we would like to provide information about their sign up process just to keep our review objective. Here’s what traders must do when getting started with this broker.

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  • Sign Up – this step requires completing a registration form.
  • Make a Deposit – the minimum amount that must be deposited when opening an account is $250.
  • Trade – there is a limited selection of assets available for traders to choose from. The main reason why we don’t recommend this broker is that traders always face problems when trying to make withdrawals.

OptionM – Legit or Scam?

One of the first things that we noticed about this broker is that they are not licensed or regulated. This means that trading with them is extremely risky because there is no guarantee for the safety of funds.

We think that OptionM is not a legit broker because they have provided false details on their website. Their company information is not true because we tried looking up for the location and we found that it does not exist. A genuine broker would never display false information on their website. A genuine broker will always have a valid physical address, working phone numbers and email contacts.

Another reason for worry is that past traders did not have a good experience trading with OptionM. According to them, they lost their investment capital pretty fast. Their payout is also not as high as they have mentioned. It is hard to earn profits by partnering with this broker. In case traders earn profits and try making withdrawals, their requests are declined. This usually happens when the broker is a scam or has connections with scam services.

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Customer Support Service

To reach the customer support representatives at OptionM, traders can email them or give them a call on their phone number. Live chat support is unavailable, which means that there is no instant means of communication with them. Traders have to wait long hours before they get their issues resolved.

Their customer support representatives are also not very knowledgeable or professional. Their approach to solving problems or answering questions is extremely poor and we are not at all happy with the way they deal with their clients.

Final Words

After conducting a thorough research, we can conclude that OptionM is not a reliable and safe broker. Their trading platform lacks special features and they also don’t provide educational tools to help their clients with their learning process. We have also found a number of complaints about this broker.

Our advice for traders is to choose a safer alternative. There are licensed and regulated brokers on the market that provide a more secure trading experience.

Conclusion

After our research we concluded that OptionM does not provide a demo account.

The lack of practice account and risk free trading makes this broker unsuitable for traders who want to learn how to trade without losing their investment.

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We Advise you to Visit Broker with Demo Account OR Choose One of the Top Brokers Above.

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David

David

Hello!
I am David Raines, a Forex trader with years of experience in online trading. I write reviews of Forex Brokers, Auto Trading Software and Signals Providers.
David

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