Option.fm Review

ofm2Option FM is owned and operated by BO Technologies Ltd. Using the popular Spot Option trading platform, Option FM has gained a large following in the short time they have been in operation. Speaking of that, Option FM started in 2014.

Option FM has become licensed and regulated by IFSC in Belize. They have a very well-managed binary options trading system.

Option FM also offers traders a great mobile trading application. This way you can make trades from your tablet or smartphone while you are on the go.

Option FM Deposit Terms & Conditions

To trade with Option FM, you must be 18 or older. I also see that the platform is not allowed for United States or African traders.

The minimum deposit amount at Option FM is $250. There are many ways a person can deposit once they have created an account.

Deposit methods include wire transfers, credit or debit cards and many ewallet systems.

While you do not have to until you are requesting a withdrawal, it is recommended that you send Option FM compliance documents immediately after depositing so withdrawals will be processed quickly. The compliance documents consist of:

  • A copy of the credit card used
  • A copy of your government photo identification
  • A copy of a bank statement or utility bill showing your name and address

These are needed to comply with anti-money laundering regulations.

Option FM Bonus Terms & Conditions

Option FM offers traders bonuses When accepting any bonus, investors must meet certain stipulations before they can withdraw that bonus and any profits made while the bonus is active.

With BigOption, investors must trade a volume of 30 times the bonus amount before they can withdraw. So, if a person receives a $100 bonus, they would have to trade a volume of $3,000.

It is these requirements that keeps many traders from accepting bonuses.

Option FM Withdrawal Terms & Conditions

As I mentioned in the Deposit Terms & Conditions above, traders must send in compliance documents before they can withdraw funds. Once these are in, withdrawing is not an issue.

Option FM does not charge for withdrawals, but any fees from bank transfers or other charges will be the client’s responsibility.

Option FM processes withdrawals in 3 to 5 working days, but it can take up to 7 more days for funds to reach the client’s account.

Website
www.option.fm
Trading platform
Spot Option
Deposit/Withdrawal Methods
Bank Wire, Credit/Debit Cards
Base Currencies
USD, EUR, GBP
Established
2014
Owner
BO Technologies Limited
Incorporated
Belize
Demo Account
Yes
Expiry Times
60 sec, 90 sec, 2 min, 3 min & 5 min
Trade Sizes
$5, $10, $20, $50, $100, $250, $500
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