OptionM promises profitable opportunities and trading satisfaction to its traders. But is this broker a OptionM or Not?

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It is no coincidence that this broker is not recommended by many traders. This is the reason why we doubt that you will make the right choice if you choose to open an account with OptionM.

There are traders who are not satisfied with the services of OptionM so we suggest you to Proceed to Safety OR to choose from the Top Safety Brokers, listed in the table below:

TOP 3 SAFE BROKERS

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OptionM Full Review

OptionM is a new binary options broker. They were established quite recently and this is one of the main reasons there is insufficient information available about this broker on the internet. At the moment, we don’t have an idea about the company that owns them or operates them. 

Despite lack of information, we conducted our own investigation to find out if OptionM is a legit broker or just another scam. We have shared details of our investigation in this review. So continue reading to know if you should trust OptionM as your trading partner or not.

Trading Platform

During our investigation, it came to our notice that OptionM operates on a proprietary trading platform. Their website has been designed quite professionally, but navigation is a little difficult. Details about this broker such as their owning company and where they are based is not available on their website.

We are also not satisfied with the range of tradeable assets they have on offer. The number of assets is limited and so is the range of trading options. Traders are definitely not going to be excited when using their service due to lack of special features or innovative trading solutions. Navigating around the site is also going to be painful for beginners.

Expected Returns

According to information on their website, the broker offers up to 96% in payouts. The rate of return is pretty good, but we don’t have proof that anyone has actually been able to achieve that. We believe that the actual payout is much lower than that they have mentioned.

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Is OptionM Scam or Legit?

OptionM is unpopular among traders. Not many traders out there are familiar with this broker or has heard its name before. One of the main reasons is that OptionM is new in the industry. Another reason is that some traders have lost their capital as a result of trading with this broker.

According to traders who have used OptionM, the trading experience had been negative. Lack of special features makes trading complicated. The payout is pretty low, but the main problem arises when attempting to make withdrawals.

Traders have reported that the withdrawal procedure is complicated and in most cases, withdrawal requests are not fulfilled by the broker. It appears that the broker refuses to process withdrawals on purpose. Since the broker is not licensed or regulated, there is nothing that traders can do to get their money transferred.

It is quite risky to trade with a broker that is not regulated by any financial regulatory authority. The same is the case with OptionM. This is the reason we don’t think it is safe to trade with OptionM. The broker is most likely a scam service and this is the reason we don’t encourage anyone to sign up with them.

Minimum Deposit and Withdrawal Procedure

To set up an account with OptionM, traders need to deposit at least $250 into their account. There are three types of accounts traders can sign up for. While the Standard account can be set up for $250, their Business Account starts at $5000 and their Ultimate Account starts at $30,000. We think the costs associated with the two higher account levels are too high. Beginners who are new to the industry and don’t have much experience in trading or knowledge of the financial markets will not find these packages attractive. From our experience, we also don’t think traders should take the risk of depositing such huge amounts of money in their trading accounts given the fact that OptionM is still an unregulated broker.

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OptionM offers several methods of depositing money. These include a range of digital options, wire transfer and credit card options. the same methods can be used to make withdrawals as well. But we don’t have information on how much profits traders should accumulate before they are eligible to make withdrawals.

Customer Support

OptionM offers 2 channels of communication. To get into contact with their customer support representatives, traders can call them or send them an email. Live chat features are not available which makes reaching their representatives difficult. Their response time via email and telephone is quite long.

From the kind of support they offer, it can be said that their team is not very professional and knowledgeable. They keep their clients waiting for answers and solutions for their problems.

Our Verdict

There is not much that we like about this broker. They don’t have good features, tools or educational materials that can be useful for their clients. We didn’t find OptionM to be a reliable or good broker. Their actual payout is low and withdrawal processes are rather complicated.

We don’t recommend OptionM to anyone. In fact, our advice is to stay away from them because most probably they are linked to scam services.

Conclusion

During our full investigation we checked all the services and features that OptionM provides its traders. We outlined the most important information about OptionM in this review and the general conclusion is that there are more reliable brokers than OptionM with better reputation and higher overall score. Although there is no hard evidence that OptionM is scam, we can neither confirm its safety nor legitimacy.

We strongly advise you to Proceed to Safety – with the highest reputation binary options broker, which was selected on the basis of the best performance results during our independent testing.

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