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Is Option.FM a Scam?

Min. Deposit: $250
Min. Investment: $1
Max Returns: up to 90%
Rating: Rated with 4.5 stars
Regulated Broker: Not available
Signals: Yes
  1. Option.FM

    Fear of a scam broker is always present, if for nothing else than because of the sheer number of binary options brokers present online. Sadly, not all binary brokers are running a transparent business and some of them are scam brokers.

    Option. FM is a relatively new broker, available on market since 2014 and one which offers interesting and potentially profitable trading opportunities to their registered South African traders.

    While Option.FM has managed to establish a solid reputation those who are only starting in this online trading venture usually want to know all the details which could impact their trading results. For that reason, we have decided to further investigate if there are any Option.FM scam activities present.

    Option.FM uses SpotOption trading software on their platform which is the choice for many binary brokers.

    They also provide a fantastic selection of underlying assets which number more than 200. Additionally, they also provide traders with several trading options such as High/Low, Long Term and 60 Seconds.

    This broker also has a great selection of trading account types, six in total and each is equipped with a specialised set of features and tools which may help South African traders to achieve better trading results. This serious and professional approach points out that there are no Option.FM scam activities.

    Further proof of a non-existent Option.FM scam is the fact that this broker provides their registered South African traders with a professional customer support service.

    Their customer service is available via several channels like live chat, phone (South Africa +27-105003770) and email at [email protected] and which is available to traders 24/7 in the case of any emergency.

    Lastly, this broker also uses all the necessary protection on their trading platform, a 128-bit SSL encryption technology which provides all the necessary protection of both personal and private data.

    Option.FM App

    Carrying out binary options trading with a broker which provides a mobile trading app has plenty of benefits, and Option.FM are well-aware of that. That is why they provide the Option.FM app which is suitable for Android devices.

    More and more brokers nowadays provide this service since there are many benefits traders can experience with it.

    Firstly, all registered South African traders which have made a deposit and have a live trading account may use Option.FM app no matter where they are which provides them with the opportunity to trade binary options on the go so their trading activity is not interrupting their daily obligations.

    In order to use Option.FM app, interested South African traders first have to register and also deposit at least the minimum amount which, with this broker, is set at $250. Then they can proceed to download the Option.FM app from the Google play link which is located on their site, in the lower left corner.

    According to the information we got from their customer support service, all options and features available on their regular trading platform is also available on their trading app so traders have the exact same opportunities.

    In using the Option.FM trading app South African traders not only save time, but they also boost their opportunity to profit since they can monitor the events on the market and seize any potentially profitable trading opportunity.

    All this is achieved without traders being confound to their computer which also raises the level of quality and provides even more flexibility to binary options trading.

    Option.FM Withdrawal Process

    One of the important aspects of trading with binary options brokers is the withdrawal process. We are happy to report that Option.FM withdrawal process is not a complicated matter and South Africans should not experience difficulties. So, what does the Option.FM process look like?

    The first step South African traders have to do is to log in to their account and after that, they have to select the “withdraw” button on the tool bar. After that, they have to enter the amount they wish to withdraw and simply click “apply”.

    Traders will be given an email notice once the Option.FM withdrawal request has been processed. On the average, traders need to wait approximately 5 business days for the withdrawal to be processed. It is also important to keep in mind that this broker has a minimum withdrawal set and that is $10 and they are completely free of any fees.

    According to the information available on their site, all Option.FM withdrawals are 100% secure thanks to SSL encryption technology.

    Additionally, they also use the KYC policy so traders have to submit documents such as a copy of the photo ID, proof of address and copy of the credit card (if that was used for depositing funds) which serves as a prevention against identity theft, money laundering and fraud.

    For further security measures, this broker also insists that withdrawals should be made the same way as deposits.

    Following methods are available to South Africans for Option.FM withdrawals and those include:

    • Credit/Debit cards: Visa, MasterCard
    • Bank wire transfer
    • E-wallets: SafetyPay, Qiwi, Yandex, Webmoney, AstroPay, Boleto or Moneta.RU and PaySafe Card

    Should South African traders have any additional questions about Option.FM withdrawal they should contact their customer support service which is available 24/7.