This Broker is Closed & Out of Business!
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Option.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 was email@example.com.
For withdrawal problems & complaints, read this.
Scam Trading Robots
WARNING: Most trading robots do not work, and will cause you to lose money, read why.
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OptionFM 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.
WARNING from ASIC Australia!
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services license.”