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Established in 2014, Option.fm is a binary options broker known also as OFM – Option Financial Markets. They are a popular choice among traders and they offer a variety of learning materials and trading tools to help their clients thrive in the binary options industry. From the look of their website, we can say that Option.fm is a professional broker. Their well designed and easy to navigate website goes on to say a lot about the broker. But are they really genuine? We will find this out in this review.
Review Verdict: OptionFM is NOT a Scam
The broker operates using the very popular SpotOption trading platform. They have more than 200 assets in their list and a wide range of trading options. One of the good things about trading with Option.fm is that they offer a very high payout. Depending on the assets, payouts can reach up to 91%. Traders can expect even greater payouts for Ladder and One Touch options. Other usual options include 60 seconds and long term.
Account Types and Bonuses
There are a number of different types of accounts that you can set up when you sign up at Option.fm (OFM – Option Financial Markets). The first is the Newbie account which can be started with a deposit of €250. The next is the Start Up Account and it requires a deposit of €2500. The third type of account is Entrepreneur and if you want to open this account, you must add a minimum of €5000 in your trading account. The fourth type is Top Executive and it can be started by depositing €10,000.
The fifth type is CEO and it can set up with €25,000. The sixth type of account is Financier and you must add at least €40,000 to get started. Lastly, they offer a Mogul Account which is suitable for traders who want to invest in excess of €100,000. The bonuses depend on your account type.
Review Verdict: OptionFM is NOT a Scam
Customer Support Information
It can be said that the customer support staff at Option.fm is knowledge and highly experienced. They offer personalized customer support to ensure that the needs and requirements of their clients are met in an orderly manner. They are very quick when it comes to responding to questions and queries.
Whether you approach them via email, phone call or live chat, they will answer your questions and attempt to resolve your issues within just a matter of minutes. They offer support in several languages and have local phone numbers for countries such as France, New Zealand, South Africa, UK and Germany.
Deposit & Withdrawal Procedures
After you have opened an account at Option.fm, you can use a variety of methods to deposit and withdraw money. The procedure is simple and it is easy to add money into your account or withdraw money from your account. The methods available include MasterCard, Visa, Bank transfer, Inpay, Paypal, Neteller, Ukash and a number of other online payment gateways. The minimum deposit is $250 which is the industry standard and the minimum withdrawal is just $80.
How To Get Started? Steps
Free Sign Up – the sign up form that is available on the broker’s website must be filled out completely before you can use their platform for trading.
Trade and Profit – you must choose an account and make a minimum deposit to begin the trading process.
Withdrawal – if you meet the minimum withdrawal requirements of the broker, you will be able to withdraw your earnings anytime by filling out the details in the withdrawal request form.
Is Option FM a Scam? – The Final Verdict
Option.fm is a legitimate broker because they have been licensed by International Financial Services Commission in Belize. They are regulated which means that they operate in compliance with the laws of their regulatory financial body.
On top of that, there is a large number of positive reviews about the broker on the internet. They are popular among traders because they provide an exceptional level of service. They are not a scam but a reputable broker.Open FREE Account