Option FM Review

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Option.fm Broker Review

Option Financial Markets (OFM) is one of the newest entrants into the binary options brokerage space, having been founded in 2020. Despite being in operation for such a short time, the firm has managed to recruit some of the best talent from across the financial trading world, which means that it has an immense collection of financial knowledge under its umbrella. Because of this, OFM is one of the worlds most recognized and trusted binary options brokers.

OFM’s stated mission is to guide their clients to success by allowing them to achieve their full potential. This is made possible by the combination of different account types that cater to various types of investors, informative educational tools, an intuitive trading platform, a vast choice of assets to trade as well as the close relationships between the broker’s analysts and traders. OptionFM also supports automated trading.

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

Between 74-89 % of retail investor accounts lose money when trading CFDs

Option.FM Special features

The OFM website has recently been revamped and it features a sleeker design, a refined trading platform and the opportunity for traders to invest within a secure and transparent environment.

One of the key features of trading with OFM is that the broker frequently offers traders bonuses on their accounts. These bonuses are important because they make it easier for traders to jump-start their trading journey. For example, with the 100% welcome trading bonus, a $250 trading balance instantly transforms into a $500 account. Trading bonuses empower traders to take full advantage of OFM’s collection of over 200 tradable assets to earn bigger profits.

According to their customer service on live chat, requested turnover is calculated according to the type of bonus, so make sure to get familiar with conditions before accepting the bonus.

Regardless of whether a trader is a rookie or an experienced investor, they are sure to find their niche from the seven different account types offered by OFM. As an additional benefit, OFM charges no fees or commissions on trades, regardless of the type of account. With the different available accounts, the broker is able to easily cater to the different trading needs and preferences of their client.

The account types offered on the OFM platform include:

OFM Newbie (from €250+)

  • Specifically designed for new traders
  • Access to 200 tradable assets
  • Trading manual

OFM Start-Up (from €2,500+)

  • Trading manual
  • OFM Rewards Access – Tier 1
  • Trading packages
  • Class A and B trades
  • 1 Educational session

OFM Entrepreneur (from €5,000+)

  • Trading manual
  • OFM Rewards Access – Tier 1 & 2
  • Trading packages
  • Class A and B trades
  • 2 Educational sessions
  • Limited protected capital

OFM Top Exec (from €10,000+)

  • Trading manual
  • OFM Rewards Access – Tier 1 & 2 & 3
  • Trading packages
  • Class A and B trades
  • 3 Educational sessions
  • Unlimited protected capital

OFM CEO (from €25,000+)

  • Trading manual
  • OFM Rewards Access – Tier 1 & 2 & 3 & 4
  • Trading packages
  • Class A and B trades
  • 4 Educational sessions
  • Unlimited protected capital
  • Enhanced return on investments

OFM Financier (from €40,000+)

  • Trading manual
  • OFM Rewards Access – Tier 1 & 2 & 3 & 4 & 5
  • Trading packages
  • Class A and B trades
  • 4+ Educational sessions
  • Unlimited protected capital
  • Enhanced return on investments
  • Suited Trading Portfolio

OFM Mogul (from €100,000+)

  • Trading manual
  • OFM Rewards Access – Tier 1 & 2 & 3 & 4 & 5
  • Trading packages
  • Class A and B trades
  • Unlimited educational sessions
  • Unlimited protected capital
  • Enhanced return on investments
  • Suited Trading Portfolio
  • Vacation packages

Try trading with an award-winning broker like IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

Become an IQ Option trader today

Join IQ Option and become a trading master! IQ Option is a world-famous regulated broker that takes your trading to the next level. It allows you to trade forex, crypto, stocks, options and much more on its award-winning platform. The best part? You can start trading with a minimum deposit of ONLY $10! Read our IQ Option review.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Options Broker 2020!
    Great Choice For Beginners!
    Free Trading Education!
    Free Demo Account 1000$!
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Only For Experienced Traders!

Option.FM Trading software

One of the things that traders will realize after signing up to OFM’s platform is that the broker offers an unusually diverse selection of over 200 global assets. When combined with the 3 trading modes available on their SpotOption trading platform, it is simple for traders to make profitable predictions on both long and short term positions. There are no fees or commissions charged on individual trades.

When in the classic Binary Options mode that most traders are familiar with, it is possible to earn relatively large profits within a short time. The trader only needs to choose the asset they want to trade in, enter an expiry time, whether the asset price will expire higher or lower than its current price and how much they would like to invest. If their trade ends ‘in the money,’ they instantly earn a profit of 70% to 90% of their initial investment. This trading mode is popular because its straightforward mechanics make it simple to master.

For traders with a longer-term vision of a particular market segment, the Long Term trading mode is an ideal choice. The expiry times that OFM offers for this mode could stretch as long as 9 months from when the ‘Call’ or ‘Put’ option was selected. Offering long term and short term options allows traders to diversify their trading portfolios and to maximize their potential profits.

For traders looking for something more exciting, the platform’s 60 Second mode will get their adrenaline pumping. Similar to the classic Binary Options and Long Term modes, a trader chooses whether the asset price will have risen or dropped by expiry. However, while these modes require the trader to wait an hour, day or month to find out if their prediction is correct, the 60 Seconds mode allows the trader to choose expiry times of 30 seconds, 60 seconds, and more. This means that traders get nearly immediate confirmation of whether their trades are ‘in the money’ or ‘out of the money.’ It is hard to find a financial investment with quicker returns. Option.FM supports auto trading. Read more about it.

If you want to trade with an award-winning licensed broker, we recommended using IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

Option.FM Support information

As the broker’s stature has grown, so too has its reputation for helping their traders be successful through offering personalized customer support that caters to each trader’s unique requirements. With account managers just a quick phone call or online chat message away, traders can be confident of a smooth trading experience. During OFM review, FBO tried their live chat service, and the operator was available within a couple of seconds and answered our question immediately.

All the different account packages offered by OFM have access to both customer support as well as brokerage assistance which could be considered to be a twin layer of support. A unique touch is the link that allows traders and website visitors to report urgent issues directly to OFM management.

Besides the standard live chat and a support email address that are available 24/7, there are also multiple local phone numbers listed that cover several countries from around the world, including the UK, Germany, New Zealand, Canada, Australia, South Africa and France.

Try trading with an award-winning broker like IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

Master the markets with IQ Option

  • Get a FREE $10,000 demo account
  • Start trading with only $10
  • Invest with a licensed and regulated broker

With IQ Option, you will be trading with an award-winning broker recognised and praised by industry experts. Get your IQ Option account today!

Between 74-89 % of retail investor accounts lose money when trading CFDs

Option.FM Payment Methods

Because banking is one of the most important and often-used functions for binary options traders, it is important to give choices that cover all the major deposit and withdrawal options. With regard to deposits, OFM offers traders a wide variety of choices that cover bank wire, credit cards and several online wallets. Funds quickly appear in the account trading balance, often within minutes of the deposit being initiated, allowing a user to begin trading immediately. Thanks to transactions being communicated via SSL technology, the security of personal information is guaranteed. Users can also contact OFM customer support 24/7 if they need help with any money transfers.

Similarly, withdrawing money from the trading account is fast and secure. Traders are free to request a withdrawal of money from their accounts at any time, which is then processed by the broker’s Compliance Department. Withdrawals take about 5 business days to process, with an additional 2-3 days for the funds to reflect in the applicable card or bank account.

Due to Anti Money Laundering laws, OFM has to verify all accounts to ensure client trading accounts and funds are protected. Fortunately, the process is simple and only requires sending scanned copies of the trader’s identification documents via email to the broker’s Compliance Department. Overall, a highly impressive review of a broker offering a profitable and secure trading environment.

Minimum withdrawal is $100

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

  • FREE $10,000 demo account
  • Award-winning trading platform
  • Licensed and regulated broker

Between 74-89 % of retail investor accounts lose money when trading CFDs

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Option.fm Review

SCAM CONFIRMATION

In this thread, an FPA member presented an email from Option.FM with a Banc de Binary signature. When the member questioned both companies about this, he reports that neither replied. The FPA considers Banc de Binary to be a scam. Based on the FPA’s policy that a Scam label against a company applies to all related companies, the FPA now considers Option.fm to be a scam.

SCAM CONFIRMATION

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Consumer Reviews

Withdrawing funds Option FM

With any broker, the only way to be 100% sure whether you can withdraw your funds or not is to try to withdraw. Please try and leave a followup about what happens.

If you can’t withdraw, please also open a thread in the Scam Alerts folder of the FPA’s forums.

SCAMMED BY OPTION FM

Definitely a scam company. They will sweet talk to tell you how much fund they have in their account (mil), their long term plan, building long term relationship, strategies to gain profit and etc. All liars.

My initial intention was to deposit USD250 for trial (May 2020). Sean Adams (could be fake name) manage to persuade me to make further deposits, which sure enough, I lost most of it. Then he ask for more deposit to recover my fund. He even ask me to loan from friends, family and to call bank to increase credit limit. Hoping to recover, I did another deposit another 5k. He asked for 20k, which I don’t have and thank God, I don’t have it. Again he lost it all within a minute. Since the lost, he will ignore you. Also, the bonus, it’s a trick to dilute your fund so that you could not withdraw. It’s another tactic to attract people but actual fact, it’s against us. While Sean Adams called me, I can hear him talking to another person (Rosie) which I think she has been scam too. feel bad for you too. This happened as he linked his PC to mine that I could still hear him.

Few days later, Ryan Webb called stating that he’s from another dept which is very secure trade and he asked for another 20k. He keep emphasize that they are regulated (bulls***) and highly rating/secured trade (bulls***). Since then, I found FPA and true enough, they are scam. I did not further deposit and I’m putting in chargeback to recover my fund.

I have had a very, very bad experience with Option FM.

I started with an initial deposit of $250 in May 2020 and then a “Senior Account Manager” called Ray Galloway calls me on 6/6/16 and asks me to put an additional deposit of $2,250 in my trading account to qualify for a bonus and protected trade on the day for which I get a bonus of $1375.

Then on 8/6/16 he asks me to put in an additional amount of $2,000 to a trade in gold for me. When I ask him to use the existing amount in my account (as my balance in the account was then $3,875) he said that since the company was regulated he could not use any portion from that balance.

I then rashly against my wife’s advise put in another $2,000 on which I had a win and received a bonus of $1,500 and my account balance went up to $7,375. I was promised by Ray to be called by him on 9/6/16 & 10/6/16 but he failed to call me on either of the days. He had said he would help me to withdraw some funds out, which did not happen as a result of this.

Then he calls me on 13/6/16 and sets up another winning trade for me this time by doing a deal in EUR/USD and USD/JPY, resulting in my account balance going up to $8,533.91. It was looking all too good for me, not knowing that disaster was round the corner.

On 14/6/16 I am called by a “Senior Analyst” of Option FM from a phone number in UK, who introduced himself as Mike Becker. He asked me to put in a trade in EUR/USD using the 30 second button. Then when the trade started without fore-warning he asks me to keep clicking the submit, approve buttons repeatedly and then in a minute’s time my balance had dropped in front of my eyes from $8,533.91 to $433.91. Then Mike had the audacity to blame me for the loss because I did not click on the buttons fast enough. Then when I asked to speak to Ray, he came on the line and blamed me for trading with someone else rather than him.

Both of the were then trying to convince me to put an additional deposit of $2,250 so that Mike could do a correctional trade which he was promising would give me a return of $12,500 by this morning. After all this I would be just insane to wager any more of my hard earned money to fulfil the insatiable appetites of these unscrupulous brokers who have no ethics at all.

In conclusion, I would like to caution people from being drawn into making more deposits into your trading account at the insistence of brokers.
Beware of trading with brokers who all hand in gloves with each other and share the common interest of ultimately scamming you of your money.
If you are interested in Binary Options trading do your own research and do your own trading.
PLEASE DO NOT GET HOOKED INTO TRADES ON WHICH YOU HAVE NO CONTROL AND ARE DRIVEN BY BROKERS.

OFM Reviews

9 • Average

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Reviews 9

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It was a painful experience for me to…

It was a painful experience for me to have fallen victim of losing my money to scambrokers but all thanks to Mrs Sofia Williams I got my lost funds back. Click on my profile for her email address

Don’t lose hope if you ever lost money…

Don’t lose hope if you ever lost money to this broker. You can still get your funds back, contact [email protected] ahoo,com to get all your funds back.

Anyone that has lost his/her money to…

Anyone that has lost his/her money to irregular scam brokers or binary trade should contact Mrs Tina. She has helped me in getting back my funds. Click on my profile for her Details. She saved me!

Don’t be ashamed of yourself

Don’t be ashamed of yourself, don’t die in silence. Check my bio for details on recovery of your lost funds ASAP

Thank you so much mrs Elizabeth for…

Thank you so much mrs Elizabeth for your help and support in recovery back my lost funds. You can as well click on my profile to get her email address and her WhatsApp number

I got ripped off by this company on the…

I got ripped off by this company on the 20th of December, I had to write to trustpilot and a financial recovery expert who got my money back for me on 26th of January the sum of 35,000usd. You can reach me on Bentayorl protonmail dot com..and i would refer you.
Seek help.

They promise you Can get your money at any time, But you cant!

Dont trust that firm – They are going to screw you! They promise you, that you Can take your money out at any time, But They are full of crap..

Caused me to lose over $8000!

As talented AND educated as this well-operating little team, at work on Option.fm’s domain may be.. They are certainly not of the ELITES, so to speak. I remember Being contacted by this group, as the result, of completing some, User-based survey, if I remember it correctly.

And through the time, they’ve caused me to loose many thousands. Many of which were in fact part of my family heritage, and therefore I specifically, told them, “Please do not attempt this, if you’re not 100% confident about the predicted results”, and each time follows. the line ” Anders, It is just about 100% positive, that this will be the eventual outcome, of the trades we’ve planned, do not worry about, your money is safe, you have to trust me”(said my supervising trades manager.)

I lost numerous times, and mostly in the small amounts, and everytime, I tried to make them choose another path, so that we could somehow eventually, turn this around, and and replenish the missing spots of now lost money with new trades of success results! but each time i was simply told, that they wouldn’t help me regain my newly acquired financial loses, unless I was willing to invest another good $2500 out of my own pocket, to make it happen. And each time afterwards, we agreed to only bet trades, with minimal amounts. then we lost and little as well as won alittle both ways. and then a huge trade comes up, where I am 100% promised everything is just about secured, and ready. An “event” so to speak, “These trades can’t go wrong”, I am told. where shortly after it then turns out that we actually lost on about 90% all the trades.

This happened numerous times of course..And every time I then actually DID Hold back on placing my trades, my manager got back to me the same day later, asking, “What were you doing, Anders. See, right here, this could be YOU!” *goes to show me a picture of multiple winning trades with great payouts* – Whether this was of course just done to intermediate me, I am completely twisted about inside. I have no idea, if they were just pushing to bring to higher investments at that point. But in the end.. My manager informed me that with all my now recent losses, he now wanted me to make a few good trades, in collaboration with one of his absolute best, market analysers.. So we did.. .And he lost all of my remaining $3000

All I had left now, was the remaining amount of everything i had lost, because now In total, I had invested $9000 on their trades domain, and the remaining “non-lost” amount, were somewhat $365 of cash, which were apparently an amount to them, they didn’t want to allow me, seeing as I was rejected, when I requested a withdrawal. Why?? I have no idea. But I think it is due to them having a kind of, payout treshold, you have to reach, payout they allow you a payout, I think I read somewhere..

But now in any case, based of all my personal trading experiencing I’ve had with this company, today. I CANNOT recommend, these people as your trades managers.. It’s not worth risking to relying on their “power” on the market, so to speak.

Sorry. I hope you who’ve read this now, will at least make an extra hard decision in your consideration, as to WHOM, you now choose to join on the market, based on my experience with this, site. that is, IF you choose to trade on Binary Options, of course.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Options Broker 2020!
    Great Choice For Beginners!
    Free Trading Education!
    Free Demo Account 1000$!
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Only For Experienced Traders!

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