OptionFM Review

This Broker is Closed & Out of Business!

For Withdrawal Problems, Read This.

To Find a Real Binary Options Broker, Look Here.

OFM Option Financial MarketsOption.FM (Option Financial Markets) was a binary options broker that was founded in March 2014 and owned by Artemis Technologies Limited. OptionFM is located at The Financial Services Centre, Stoney Ground, Kingstown, St. Vincent & the Grenadines.

Their phone numbers are; United Kingdom: +44 207 097 3264, Australia: +61 28 038 5014 and South Africa: +27 10 500 3770. Their contact email address is [email protected], and for trader complaints, read this.

Scam Trading Robots

Trading Signals Scam

WARNING: Most trading robots do not work, and will cause you to lose money, read why.

The most popular one that works with some licensed brokers is the Option Robot.

OptionFM Review

OptionFM OFM ReviewOptionFM uses the familiar SpotOption trading you may have seen at other brokers. They offer binary options, short term options (30, 60, 120, 180 & 300 second options) and long term options.

In March 2016 they updated their website to a much nicer and user friendly format. A little fun fact about Option.FM. The FM stands for Financial Markets!

OptionFM is a truly global binary options broker. They offer many localized options for traders to deposit funds into their trading account. For example they accept deposits via payment processors like; AstroPay, Bolleto, Nordea, Moneta, Yandex, Qiwi & UnionPay.

The minimum deposit for a new account is $250.

Regulation & License

When reviewing a binary option brokers like OptionFM to determine if they are a legitimate broker or a scam broker, is very simple. We check to see if they are licensed and regulated by a government regulator.

Option.FM is not a licensed broker!

The payments processor for OFM is: Artemisia Services Ltd, Capital Municipality, Triaditsa, Region, Prestige center, 49 Patriarh Evtirniy Blvd, Bulgaria.

Compare OptionFM

Here are other brokers that traders like trading with.

Stockpair (read review) is a popular licensed broker who many people use them with the software from OptionRobot.com.

Daweda Exchange (read review) is a CySEC licensed binary options exchange, look here. They have a built in Auto Trading System which is very popular, visit: http://Daweda.com/ATS.

Best Online Brokers

OptionFM Review

This Broker is Closed & Out of Business!

For Withdrawal Problems, Read This.

To Find a Real Binary Options Broker, Look Here.

OFM Option Financial MarketsOption.FM (Option Financial Markets) was a binary options broker that was founded in March 2014 and owned by Artemis Technologies Limited. OptionFM is located at The Financial Services Centre, Stoney Ground, Kingstown, St. Vincent & the Grenadines.

Their phone numbers are; United Kingdom: +44 207 097 3264, Australia: +61 28 038 5014 and South Africa: +27 10 500 3770. Their contact email address is [email protected], and for trader complaints, read this.

Scam Trading Robots

Trading Signals Scam

WARNING: Most trading robots do not work, and will cause you to lose money, read why.

The most popular one that works with some licensed brokers is the Option Robot.

OptionFM Review

OptionFM OFM ReviewOptionFM uses the familiar SpotOption trading you may have seen at other brokers. They offer binary options, short term options (30, 60, 120, 180 & 300 second options) and long term options.

In March 2016 they updated their website to a much nicer and user friendly format. A little fun fact about Option.FM. The FM stands for Financial Markets!

OptionFM is a truly global binary options broker. They offer many localized options for traders to deposit funds into their trading account. For example they accept deposits via payment processors like; AstroPay, Bolleto, Nordea, Moneta, Yandex, Qiwi & UnionPay.

The minimum deposit for a new account is $250.

Regulation & License

When reviewing a binary option brokers like OptionFM to determine if they are a legitimate broker or a scam broker, is very simple. We check to see if they are licensed and regulated by a government regulator.

Option.FM is not a licensed broker!

The payments processor for OFM is: Artemisia Services Ltd, Capital Municipality, Triaditsa, Region, Prestige center, 49 Patriarh Evtirniy Blvd, Bulgaria.

Compare OptionFM

Here are other brokers that traders like trading with.

Stockpair (read review) is a popular licensed broker who many people use them with the software from OptionRobot.com.

Daweda Exchange (read review) is a CySEC licensed binary options exchange, look here. They have a built in Auto Trading System which is very popular, visit: http://Daweda.com/ATS.

Best Online Brokers

Reviewed by Scam Broker Reviews
  • Not sure what to make out of Option.FM yet..
    I’m testing their service now..

    Will give feedback from first trade this week.

    • E ikaw ano?

      Hello Ken, how is your experience trading with option.fm?

    • Brendan Walsh

      Hi Ken, are you still trading with Option FM? How was your experience with them?

  • Simon Morgan

    I deposited $250 with Option FM last month but got cold feet and never actually traded. I withdrew the $250 without a problem, back in my account in 3 working days

    • Qushie LJ

      Hi Simon ,
      Please help me. how to withdraw the $250? I have not sent they required photo of both ID and credit card. It scares me. I have not even verify my account. This is a big mistake i accidentally agreed on impulse to sign up and don’t even know anything about trading. can someone help me pleaseeee , i need to get my money back….

      • cheese Cheng

        pls share wat happened aftr tat… your case is same.. i m going thru now…

        • Bob

          I am in the same position, have you had any luck? I was told over the phone that it can take up to a week for pending withdrawals as it’s not automatic but i don’t know how much of that I can trust and I’m 100% not giving them my documents to verify the account.

  • Carin Olin

    I depositet $ 250 and opend a account, then I was contakted by phone from England by a account manager who prosweded me to put in more monney. He seamed serius. He said i did not need any experiacec. I put in 2 x 2000 $ + 1x 1000 $ and after 3 days almost averything vas gone!!!! The account managers name is Steve Mc Carthy. He sad hi was sorry. He signed me over to a new contakt, to help me reclaim some of my loss. His name is Nicholas Bernard. He called me up yesterday and told me that he would try to help me reclame some of my loss. I hope he vill…

    • Gary

      Did you ever get anything back? I am in a very similar position – some terrible trades, now nothing left. They also promised (but never delivered) on linking me to a MIT Robot – sent me the link but I could never log in, and also sent me a link to BritMethod – which looks like just as big a scam from reports. The promise of the MIT was to get me to put more money in, and BritMethod was to keep it in when they didn’t deliver. Neither connected or worked.

  • Bejje

    I tried this and I had no good luck. Put in 250$ and when I was down to 190 I decided to stop since it was not for me. What scares me a bit is that they require photo of both ID and credit card. I took pictures and sent them, but blurred out some of the numbers in the credit card, cause otherwise they could empty my account.

    Hopefully thats ok anyway. I just selected to withdraw my 190$, but got no fields to fill in, like bank account or anything, so not sure what will happen next and if I will ever see my money.

    • Bejje

      Just got my money now that I withdraw a couple of days ago, so that’s good even though I lost money.

    • cheese Cheng

      did you get your money back by now?

  • Ashok Pandey

    Cheat. Nobody told how to use Zero loss formula Robot, where as it was told by Roger Saint(the customer service agent) that the robot will be provided to me totally free. but later on no one helped out. I lost all $ 250 on same day of account opening as i didnot know much about options trading.

  • Anthony Allen

    I was on “their page”, got called within seconds of entering my phone number and a very smooth talking guy asked my credit card details. I refused to disclose all details and hung up.
    Sounds VERY DODGY! Not going for it any more.

  • Muhib Ali

    Dear All, Please Please stay away from Option.fm… They are very clever in scamming innocent people. I am a registered user of option.fm and i have a bad experience with them. they are the best lairs. Please don’t invest with them. because My account manager from option.fm named Mike Bekar lost my all investment worth of $10100. I am in the process of filing a case against them. Please Please Please don’t even bother to signup.

    • Pawel Kanoza

      hi men.please explain me little how to open case to against option fm,Im in similar position like U but realy dont have any ideas what I need to do.
      many thanks for answer

    • How can we file a case against them? It is very essential to expose these people in Option FM. I just lost three thousand dollars; they first give an impression that it is all good and above board ; however so called account manages are not to be trusted. They surely set up double deal from multiple positions they will advice for their clients and depending on market directions they will use them to their advantage ; i.e. they use their clients money to hedge against their own positions. The account manager in my case was Barry Acerman, Stay away from them . If you have progressed in filing a case against them ,if not with Australian Authority ,may be with international body ,let me know; I need to find out more on this.
      They are essentially misusing client’s trust which is a crime in Human Rights agenda. At the end of the day they can say it is all business. But that is the point , if you are doing a business by deliberately misusing client’s trust then that business is a rot. Lets get serious about this I am sure lot many desperate people are loosing money to this thugs with polished faces. For the time being at least record your experience with these people in detail . If Mubib you have lost 10100 ,it is worth recording exactly what happened step by step. The brokers putting so called bonus is only one part of the scam. The other part is they do not allow exit points depending on their own position and make sure they have enough to hedge themselves and make money no matter how the market moves by locking you in first with multiple positions in a time band that they themselves play with, This is a serious scam .

      • Declan Littlr

        Folks, I am thinking also of taking a case against them as its a scam. Theres no such thing as ‘Protected bonuses’ and when I queried it three times I got no answer. I’ve lost a lot of money and it seems they are going out of business as I was told they let go all their floor managers. How can we get our money back as they are not regulated. Feel like a complete fool as I thought my money was protected as the account manager, a Mr Peirce told me. Any ideas for a class action?

        • Belinda Skewes

          Hi Declan, Any success? I too am trying to get my money back. Kind Regards Belinda

        • Mark Law

          I lost $50k

          • Belinda Skewes

            Are you putting a dispute in with your bank?

  • Pawel Kanoza

    I have bad experience with Option fm to.have question to everyone its any chance to open case and take back already lossed money from traded actions or Im lost cash forever?thanks for answer

  • Pawel Kanoza

    hi mates.just want ask what about ID and credit card detalis they taken,I need now cancell cards in bank or can stay?
    many thanks for coments for everyone

  • janet smith

    Hello everyone I have been so niave, I signed up with [email protected] and the same has happened to me in the last three weeks,!!
    Two days ago when I went on the site it was saying that you can withdraw or trade so I traded ith Chis Maleck and Jason ? ! I asked why they were stopping the trading in my area when they rang me to trade and the answer I got, was they are just not taking any more new clients now because theyhave to many clients all is ok. Silly me I carried on trading won and then the crunch Jason told me that Chris asked him to work with me and told me to trade 13 times and yes you guessed it I lost the money!!! They never asked me to trade again. In the morning the same message came up again withdraw or Trade, so I rang and spoke to a woman who said, they are closing down and not trading anymore! I was mad and told her so having lost my money she said oh i’m really sorry. Jason had lied to me and I lost my money. The next day I signed in to see what was going on and again I was asked to trade I replied whats the point you have stopped trading? Then he tried to get me to make 10 trades for the same trade and this is when I got suspisious and put in for a withdraw of what little was left. Unfortuneately I’m now not sure if I will get of my money back got to wait for next week. GRRRRRRRRRR Everything that is siad on here is the truth stay clear!!! We need to try and get together to get our money back any ideas???

    • ahad eli

      hi, the same things happens to me, till this moment am in shock
      i was good and happy with result my was very naive not to withdraw sense i gain profit , i trusted my account manager lucas cordero but suddenly he just disappeared and left me with this miss not even warning me or insisting me to close my account……..
      on thursday 11/1/2017 was the black day for me i really want smart enough to get the massage and feel suspicious and was eager to continue just to reach 30k then ill stop.
      on that day 2 acount manager plays with me 1st one under name of ryan he makes me do 19 trades thats cost me lose 23k in hour <<> then someone else toke his place to make up on my losses and also makes me loss 2k in a blink so the count of trades was 30 on that day
      when i contact the support they confirming on closing and shutting down and no more account managers around, i was like an idiot but who was talking with me and placing position for me ????
      she said to me are not from optin FM
      i raised a complain to compliance office and it might takes a month but really need justice to be served and whnt at least my deposit money back. 10k usd

    • Belinda Skewes

      Hi Janet, Have you ahd any success in getting your money back. Kind Regards Belinda

  • janet smith

    I have been looking on line and saw this there are lots to read other than this so will keep us all in the loop I lost 6,800 and my trade went up to 16,000 and lost only 2,480.71 left i have asked for a withdrawl had an email saying that the money will take five working days, this will depoited into the account i used to transfer watch this space??

    1 Use Section 75. If you’ve paid for goods or services with a credit or debit card, you have greater protection if things go wrong under Section 75 of the Consumer Credit Act or by using chargeback. …
    2 Use Chargeback. …
    3 Unauthorised transactions. …
    4 Bank transfers. …
    5 Money transfer scams. …
    6 Beware of replying to emails.

    jan

    • Kithsiri Kumar

      Hi Janet,
      Did you manage to get your withdrawal? Please advice. I’m also having difficulties to withdraw my money.

    • Belinda Skewes

      Hi Janet, Interested to find out if you received your money back yet? I too have been caught out. It’s caused a lot of stress and frustration this end. Kind Regards Belinda

    • Belinda Skewes

      Hi Janet, I have just spoken to my bank (NAB) and they said it’s best to put the dispute under ‘refund dispute’. She says we have a very good case and for everyone to place a dispute with their banks.

  • Nicolai Sonne

    HI All. Me to i have been naive, i will not trust there account manageres, my last one was George Counio – he is really posistent. and do not get in to what he is trying to convince you to do.

    • Yogesh

      They are very good in talking and convening but trust me if you dont wan loose your money please dont invest a single penny more and ask for withdrawals and you will get the feel

  • Kithsiri Kumar

    Hi,
    Have anyone got their withdrawal as your requested? I had pleace my withdrawal but it never seems to be approved, Please do not answer any calls from option fm as they just want you to trade and loose your money.
    Never speak to the account managers. I suggest everyone to withdraw their money.

    If anyone can share their experience on withdrawal, did you ever get back your money?

  • Yogesh

    They are very bad in payment guys , they never come back when you ask for money . they are fraud and they will show they are very professional but as soon you ask for money they have all there excuses.

  • Yogesh

    never deal with Option FM they are just eat your money , if they also only partial, low amount so dont invest with them

  • Yogesh

    they are very bad in payment and they will give you all calculations stating you dont have any money if it is in your account also

  • Kithsiri Kumar

    Hi Janet,
    Thank you for your updates. I have called them and emailed to them as my request for my withdrawal was on 19/1/2017. I have called the customer service and they keep saying that ” there is too many withdrawal, just wait for their email of approval” i’m still waiting and my account still shows pending. The amount is $15,000.
    I decided if i don’t get any email by this week, i will proceed with charge back ( Rebecca).
    The thing on your side, they approved the amount but you still haven’t receive your money into your account?
    I’m suprice they closed down your account. This company is too clever and they really know how to scam us 🙁 do let me know if you receive your money on the withdrawal amount. I need to know what’s the time frame like.
    Do keep me updated please.

    Thank you.

    Regards,
    kith

  • Elizabeth

    Everyone should actually file a complaint about Option.fm with Action Fraud/ a fraud squad and your credit card company. You may never get your money back but unless there are enough complaints registered no-one will be able to do anything. I thought I was trading when the company were adding bonuses, but apparently NOT. These bonuses are there so you have to make thousands of pounds before you can withdraw anything out. But they can withdraw the lot as I found out to my utter dismay. So please to help others not to fall into their trap make enough official complaints.

    • Belinda Skewes

      Hi Elizabeth, I too have been caught out. I’m so frustrated and stressed over this whole situation. Kind Regards Belinda

    • Belinda Skewes

      Hi Elizabeth, I’m in the process of trying to get my money back as well. I’ve been trying for two months now. It’s caused a lot of stress and frustration this end. Have you had any more success? Kind Regards Belinda

    • Belinda Skewes

      Hi Elizabeth, I have put a dispute in with my bank NAB Australia and the bank have stated that I will get my money back through the dispute. Belinda

  • Nicolai Sonne

    HI . The same thing happend to me, they cosed my account, after they approwed my money back, then i whrite a mail to them , they are saying that my money was bonus potected therefore i cannot get the money back. and they are not replying to my calls and mails. after that i have contacted my bank regarding this, they will try to get my money back.

    • Belinda Skewes

      Which bank is this? Have you had any success? I too have been caught out. Very frustrated and stressed over this whole situation.

  • Belinda Skewes

    Hi Thank goodness I found other people using Options fm. I have been trying to withdraw my money now since early January and still have had no success. It still says pending and saying there are too many withdrawals and to wait in the que. I’m so frustrated and stressed over this whole situation. Would love to get some feedback. What can we do? How can we get our money back? Please help.

  • Belinda Skewes

    Hi Stuart, I have also been caught out. I’m fully behind you. It has caused much stress and frustration. I have been trying to get my money back since the beginning of January. It’s nice to finally connect with people going through the same situation. Kind Regards Belinda

  • Mark Law

    I don’t think CNN will help. When I joined up their page said that this was banned in the States and they wouldn’t accept US citizens. Where are you from and how much did you loose. I lost $50k