Option.FM Review

Option.FM Review

Option.FM is a relatively new binary trading platform, allegedly staffed by brokers and analysts with a broad range of economic experiences.  Like most fledgling companies, Option.FM offers customers some much desired features, while also leaving much to be desired. The platform is simple, and easy to use – but for experienced traders this might equate to pared down trading options.

Option.FM is a relatively new binary trading platform, allegedly staffed by brokers and analysts with a broad range of economic experiences.  Like most fledgling companies, Option.FM offers customers some much desired features, while also leaving much to be desired.  The platform is simple, and easy to use – but for experienced traders this might equate to pared down trading options.  If you prefer something simple and straight forward, Option.FM is a platform you may consider.  On the other hand, if you prefer the full cornucopia binary options has to offer, you may want to look somewhere else.  

Scam Report

As stated above, Option.FM is a developing binary trading platform.  Thus, the company has not been around long enough say whether or not it is a scam.  We haven’t received any scam reports, but we have received complaints about the typical “slow withdrawals” that is more or less standard in the binary market.

Deposit Information

Option.FM requires a minimum deposit of 250 in your chosen currency, including USD, EUR, GBP, and more.  Deposits may be made via convenient credit card, wire, or online payment options.  However, withdrawing your money is less convenient, requiring extensive documentation to verify your identity before your funds are released via the same method of deposit.  Withdrawal times typically take a minimum of seven business days, but sending your verification forms to Option.FM upon creating your account may shorten withdrawal times.

Bonus Information

Option.FM offers a 100% bonus upon deposit, with the caveat of bonus terms to be met before withdrawals can be made.  While the bonus offering may be smaller than what is available at other binary platforms, it is mostly consistent with what one should expect.  Higher deposits may be eligible for larger bonuses.

Trade Options and Payouts

Option.FM offers a pared down “boutique” platform – with four options – high/low, long term, 60 seconds, and ladder trading.  

Larger binary brokers usually offer more options, but Option.FM’s fewer trading options might be offset by their high payouts of around 81%, but may go as low as 70% with some trading options.

Conclusion

Option.FM is an intentionally small, boutique broker, with few options, catering to people who are overwhelmed by more extensive options.  However, most people don’t really need all the options they find on larger platforms.  While deposits are easy, withdrawals are often delayed. Bonuses are a little below standard, but payouts are high.

OptionFM-Logo 


Official Website: www.option.fm

Phone Number: +44.203.608.0447

Trading Platform: SpotOption

Regulation: None

Restrictions:  USA Traders

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