Option Financial Markets (OptionFM) has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: (Hong Kong) +852 5808 7221, (United Kingdom) +44 2070 973 264, (Australia) +61 2 8038 5014
Addresses: 20th Floor Central Tower 28 Queen's Road Central Hong Hong This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: option.fm.
Option Financial Markets (OptionFM) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Regular platform improvements|Economic calendar|Easy to use platform
Cons: Search feature is basic|Alert system is basic
My card was charged twice by Option Financial Markets (OptionFM) on the same day. I had to dispute it with my bank. Option Financial Markets (OptionFM) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Smooth onboarding|Dividend tracking|Multi-currency support|Regular updates
Cons: Charting tools need more indicators
My withdrawal from Option Financial Markets (OptionFM) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since early this year of being strung along.
Pros: Comprehensive tools|Social trading features|API access
Cons: Limited cryptocurrency options|No integrated tax optimization
I signed up with Option Financial Markets (OptionFM) based on a colleague's recommendation and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Comprehensive tools|Customizable dashboard|Smooth onboarding|Automated trading options
Cons: Nothing significant
My withdrawal request from Option Financial Markets (OptionFM) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Fast support response|Full transparency|Competitive fees|API access
Cons: Limited social trading features|Help articles are sometimes vague
I experienced a security concern with my Option Financial Markets (OptionFM) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Competitive fees|Demo account available|Risk management tools
Cons: Limited cryptocurrency options|Live chat only during business hours
I found Option Financial Markets (OptionFM) after a trusted YouTuber reviewed them and the initial impression was positive. But for about three months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Reliable uptime|Personal attention|Detailed reporting|Customizable dashboard
Cons: No integrated tax optimization|Currency conversion fee exists
I am in a dispute with Option Financial Markets (OptionFM) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Automated trading options|Fast deposits|Excellent charting|Multi-device support
Cons: Would like more payment methods|Minimum deposit could be lower
I have been trying to close my account with Option Financial Markets (OptionFM) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Clear documentation|Wide product range
Cons: No live chat on mobile|Some tools only available on higher tiers