Option FM Withdrawal

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Option FM Withdrawal Review

Option FM Withdrawal Review

Option FM has been on the market for exactly two years now and during that time they have established themselves as one of the most reliable binary options brokers in the industry. High payouts and bonuses attract all traders; while the broker’s intuitive and versatile trading platform makes sure they come back and trade here regularly. However, we will not be discussing any of those features in this article – our eyes are set on Option FM withdrawal and everything it has to offer.

Withdrawing money is probably the most important process for a trader, so an article on that subject should be quite useful to our readers. Our experts will tell you everything you know about the process, so let’s go.

Option FM Withdrawal | Methods

You should have no problems choosing the right method for your Option FM withdrawal because this broker offers wire transfers, credit and debit cards, as well as a fine selection of alternative methods. Just as with Option FM Minimum Deposit, some of these alternative methods can only be used in specific regions of the world, so choose carefully. But apart from providing plenty of transfer methods, Option FM also makes sure you are completely safe at all times. A reliable SSL encryption system will make sure you and your money are well protected, but you will also have to verify your account to make sure nobody is withdrawing your money instead of you. Secure sessions are a very nice addition to this system because they allow you to maintain full control over your account’s activities.

Option FM Withdrawal | Numbers

When it comes to numbers, Option FM withdrawal excels when compared to its competition. You’ll be happy to know that there are absolutely no fees attached to this process as far as the broker is concerned, and the minimum requirement stands at only 50$ (or GBP or EUR, depending on the currency you choose). Simply login to your account and you will be asked to fill out an electronic form once you click on the Withdrawal Requests. After that, just submit the form and the rest is on the broker’s financial team which will notify you once your Option FM withdrawal is complete. Simple as that. But that’s not all this broker has to offer, check out our Option FM Review 2020 for much more information.

Option.FM Trading Platform

Option FM Withdrawal | Conclusion

And that’s it – that’s what you need to know about Option FM withdrawal. Over the last two years this broker has developed into one of the most prominent players on the market, so you can count on their service to be impeccable. Their withdrawal process certainly is. These people will get you your money quickly and safely. And the best part is – they’ll do it completely free. So don’t hesitate to open an account with this company if you want to enjoy binary options trading. It’s the right thing to do.

7 Binary Options

UPDATE (07.02.2020):

We have found out that Option.fm has shut down their operations.

We recommend choosing one of our top binary option brokers instead:

Min. Invest Min. Deposit Max. Returns
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Min. Invest Min. Deposit Max. Returns

Try also Binary Option Robot if you are looking for automated binary trading.

Old Review:

In 2020 a new binary options broker burst onto the scene that everybody started raving about; that broker is Option.fm. Those of us here wondered what all the fuss was about that made this broker so popular in such a short period of time. So as is our tradition, we decided that we would take a look at this broker that is attracting a large number of binary options investors even though it is just in its infancy.

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The second we clicked on the icon to take us to the broker we were immediately thrilled when we arrived at the website. The menu items that were available to guide us where we needed to go were laid out nicely and easy to understand. The site was well designed and looked great, to say the least. We were definitely anxious to sign up and get started; we wanted to see if this site performed as well as it looked and as their positive customer reviews indicated.

Basic information:

Online since: 2020
Jurisdiction: UK
Software: SpotOptions
Max Returns: 91%
Bonus: 100%
Minimum Deposit: $250
Minimum Investment: $1
Maximum Investment: $5000
Currencies: USD, EUR, GBP
Mobile: Yes
Countries: All nations excl. USA and Africa

  • Great deposit bonus
  • A wide variety of options to choose from
  • Returns on investment as high as 91%
  • A very user-friendly platform
  • $1 minimum investment
  • No customers from USA or Africa accepted
  • Trial Account does not include customer support

7 Binary Options Rating:

Sign Up

Signing up for the Option.fm website was a very easy process, to say the least. It just takes filling out a simple form to verify your identity; no biggie since it is for your own security and it should give you a good peace of mind to know that Option.fm goes to great lengths to protect your sensitive personal data.

The minimum deposit with Option.fm is only $250; that is a low enough amount that just about anyone who wants to trade binary options with the broker can. With that being said, it is no problem whatsoever if an investor wants to open up an account with more than the minimum required deposit. As with most binary options brokers, Option.fm offers its new customers a generous signup bonus and the more a customer deposits the higher that signup bonus will be (more on that next). So it is in the customer’s best interest if they would like a nice signup bonus to deposit as much as they can in their new Option.fm trading account.

Bonuses

We mentioned bonuses briefly already and Option.fm has some good ones, most notably their generous signup bonus. It is always nice for any trader to get a few extra dollars in their trading account for free. These bonuses help to reduce some of the growing pains from learning a new trading platform and they will also allow you to experiment with different trading strategies without risking the original funds you deposited in your account.

As with most binary options brokers, the bonus for new deposit accounts on Option.fm varies according to the amount of your initial deposit. The bonus goes as high as 100% on most account levels and the company will match that amount in most cases up to the $10,000 max bonus level.

One of the things that stood out about Option.fm and their trading bonus is the terms before the bonus money can be withdrawn. Binary options brokers have to protect themselves from investors signing up with them and just withdrawing the bonus money and then leaving the site, so they will require a minimum amount of dollars traded before any withdraw can be made of the deposit bonus. Typically this amount is 30x to 50x the amount of the initial deposit. Option.fm has among the lowest requirements of any online broker as they only require you to trade 20x the amount of your initial deposit before you can withdraw any bonus funds.

Types of accounts

The deposit bonus also determines what level account you will be placed into. Generally speaking, the more you deposit the higher level account you will start out with and the more site benefits you will receive. That is one of the reasons that it is encouraged that you make as big a deposit initially as possible. A lot of extra benefits and a higher deposit bonus are things you definitely want working on your side.

There are account levels that will satisfy any trader on Option.fm as they cater to both novice and hardcore binary options investors. Let’s take a look at the different account levels they have to offer:

  1. Trial Account

This account is ideal for those investors that just want to check out the website, are new to binary options trading or just like to play around with some trades once in a while. This level account is attained by making the minimum required deposit of $250 and includes those who deposit as much as $999 dollars. Here are its features:

  • It has over 90 popular assets a customer can choose from to place trades
  • 4 different trading platforms can be used
  • You will receive the latest news from the Option.fm daily marketing analysis team
  • There are never any service fees or commissions
  1. Boutique Account

This is the most popular account on Option.fm and its ideal for almost any experience level binary options trader. This level account is attained by making a deposit of $1000 and includes those who deposit as much as $9999 dollars. Here are its features:

  • All the benefits of the previous account level
  • Free instructional trading webinars
  • Enhanced customer support
  • You will be provided access to a professional broker
  • 1-on-1 training sessions will be provided to you
  • You will receive an informative binary options eBook that will help you learn to trade them
  • Risk management tips
  • You will receive a weekly performance review from an experienced account analyst
  1. Executive Account

This level account takes trading up to a whole new level of seriousness. It is most definitely for those who consider themselves professional traders. This level account is attained by making a deposit of $10,000 and includes those who deposit as much as $49,999 dollars. Here are its features:

  • All the benefits of the previous account levels
  • Trading signals are sent to each executive level investor by email, chat or mobile device on a daily basis
  • Executive level members get priority access to online webinars
  • Free subscriptions to financial magazines
  • Personal calls before ant big market event
  1. Imperial VIP and Corporate Account

This one is definitely for the big boys and heavy hitters who like and can afford to place a lot of money on their binary options trades. This level account is attained by making a deposit of $50,000 or more.

  • All the benefits of the previous account levels
  • direct line access to both VIP brokers and analysts
  • Account insurance on investments
  • Special VIP educational assistance
  • It includes concierge and travel services

Learning Tools

We like to recommend online brokerage sites that help improve the binary options trading knowledge of their investors and Option.fm did not disappoint in this area at all.

The best thing about their site educational wise would have to be their real nice demo account feature. Demo accounts come in handy because they help new traders on a site familiarize themselves with the trading platform without risking any real money. They also will help those new to trading learn the nuances of binary options trading without losing their hard-earned investment dollars.

Their informative eBook covers everything from basic binary options learning materials to advanced trading strategies. So there is information in there that will appeal to both novice and veteran traders alike.

Webinars are a great instructional tool and Option.fm offers a lot of them to those that invest with them too. The website itself is constantly adding new ways for investors to increase their binary options trading skill level.

Screenshot

Trading Platform

No investor likes to trade on a web platform that is hard to navigate around and is not laid out well; that is why Option.fm chose to go with the time-tested and popular SpotOption trading software. Both novice traders and veteran traders will have no problems acclimating themselves to this trading platform. It is a nice bonus for any trader that uses the Option.fm website.

Asset Selection

Asset selection is another area where we really felt that Option.fm excels. Most traders like a wide variety of assets to choose from and there are over 90 popular ones with this broker. There is no reason that any investor cannot find a few assets that they are familiar with and can have success trading. Option.fm customers can choose from such assets as matched currency pairs, stocks, commodities and major indices.

Placing Trades

The combination of using the SpotOption trading platform and Option.fm’s innovative enhancement of it makes for a very pleasurable trading experience. Trading pages are well laid out and easy to understand; even the trades themselves are simple to execute and only take a few point and click maneuvers with a mouse to execute.

Among the type of options that an account holder on Option.fm can choose are High/Low options, One Touch options, 60second options, Long Term options and Ladder Options. That provides a lot of flexibility and choices to those that trade with this broker. There are also several different expiration times that these option choices can be traded on.

Option.fm even offers a convenient mobile application for those investors that are constantly on the go and don’t always have enough time to trade as they would like. The mobile app gives them more access to do trading on such things as lunchbreaks, pauses in events and while commuting on mass transit to and from work.

Maximum Profit (Payout)

What do all the learning tools, the easy to use trading platform and these many trading choices add up to? The answer to that is a whole lot of chances to consistently make winning binary options trades. When an investor trades successfully on Option.fm they also stand a good chance of profiting nicely; traders on the website experience return on investments as high as 91%. That is a much better return on investment than other types of market trading can consistently boast.

Banking

We have already discussed how easy it is to make deposits and open an account with the Option.fm site. They accept a wide variety of payment forms for making those deposits too; you can use such acceptable methods as Visa, MasterCard, bank wire transfer, Skrill Moneybookers, Visa Electron, Paypal, Maestro, CashU, Ukash, WebMoney, Inpay, and Neteller. There is enough variety there to accommodate any traders desired deposit payment form.

Withdrawals are just as easy as making deposits and you can use many of the same methods to make a withdrawal as your deposit was made in. The minimum withdrawal amount is $80 and they are usually processed within one working day. This makes Option.fm’s withdrawal process among the fastest in the industry, keep in mind that different withdrawal methods take different amounts of time to verify and process.

Customer Service

Customer service seems to be one of the only chinks in Option.fm’s armor. It is still considered a work in progress apparently and that is not unexpected considering the newness of the site. When the customer service team did respond to issues they were prompt, thorough and handled the issues addressed very well. So it’s not as much that there is a problem with the customer service team; it is more of the fact they do such things as not make it available to trial account holders and they are just bringing such things as e-mail customer support into the fold.

Conclusion/Summary

We think the hype that this site generated was legit. None of us here who looked at the site have any problems recommending Option.fm as a really good choice for trading binary options. We especially liked their demo account, their low minimum investment and their high return on investment. This site really has the right platform and the right combination of tools to help make any binary options investor be successful and profit on their trades consistently. Option.fm is also supported by Binary Option Robot auto trading software.

Additional information

Customer Service: Live Chat / Email: [email protected]
Languages: English, Spanish, French, German, Dutch
Trading Options: High / Low, One Touch, Option Builder, Meta Charts, Ladder Options
Early close: Yes
Expiry Times: 30 sec, 60 sec, 2min, 5min, 1 hr
Deposits and Withdrawals: Visa, MasterCard, bank wire transfer, Skrill Moneybookers, Visa Electron, Paypal, Maestro, CashU, Ukash, WebMoney, Inpay, and Neteller
Withdrawal Time: 1 – 2 day
Demo account: Yes

Option.fm Review

SCAM CONFIRMATION

In this thread, an FPA member presented an email from Option.FM with a Banc de Binary signature. When the member questioned both companies about this, he reports that neither replied. The FPA considers Banc de Binary to be a scam. Based on the FPA’s policy that a Scam label against a company applies to all related companies, the FPA now considers Option.fm to be a scam.

SCAM CONFIRMATION

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Consumer Reviews

Withdrawing funds Option FM

With any broker, the only way to be 100% sure whether you can withdraw your funds or not is to try to withdraw. Please try and leave a followup about what happens.

If you can’t withdraw, please also open a thread in the Scam Alerts folder of the FPA’s forums.

SCAMMED BY OPTION FM

Definitely a scam company. They will sweet talk to tell you how much fund they have in their account (mil), their long term plan, building long term relationship, strategies to gain profit and etc. All liars.

My initial intention was to deposit USD250 for trial (May 2020). Sean Adams (could be fake name) manage to persuade me to make further deposits, which sure enough, I lost most of it. Then he ask for more deposit to recover my fund. He even ask me to loan from friends, family and to call bank to increase credit limit. Hoping to recover, I did another deposit another 5k. He asked for 20k, which I don’t have and thank God, I don’t have it. Again he lost it all within a minute. Since the lost, he will ignore you. Also, the bonus, it’s a trick to dilute your fund so that you could not withdraw. It’s another tactic to attract people but actual fact, it’s against us. While Sean Adams called me, I can hear him talking to another person (Rosie) which I think she has been scam too. feel bad for you too. This happened as he linked his PC to mine that I could still hear him.

Few days later, Ryan Webb called stating that he’s from another dept which is very secure trade and he asked for another 20k. He keep emphasize that they are regulated (bulls***) and highly rating/secured trade (bulls***). Since then, I found FPA and true enough, they are scam. I did not further deposit and I’m putting in chargeback to recover my fund.

I have had a very, very bad experience with Option FM.

I started with an initial deposit of $250 in May 2020 and then a “Senior Account Manager” called Ray Galloway calls me on 6/6/16 and asks me to put an additional deposit of $2,250 in my trading account to qualify for a bonus and protected trade on the day for which I get a bonus of $1375.

Then on 8/6/16 he asks me to put in an additional amount of $2,000 to a trade in gold for me. When I ask him to use the existing amount in my account (as my balance in the account was then $3,875) he said that since the company was regulated he could not use any portion from that balance.

I then rashly against my wife’s advise put in another $2,000 on which I had a win and received a bonus of $1,500 and my account balance went up to $7,375. I was promised by Ray to be called by him on 9/6/16 & 10/6/16 but he failed to call me on either of the days. He had said he would help me to withdraw some funds out, which did not happen as a result of this.

Then he calls me on 13/6/16 and sets up another winning trade for me this time by doing a deal in EUR/USD and USD/JPY, resulting in my account balance going up to $8,533.91. It was looking all too good for me, not knowing that disaster was round the corner.

On 14/6/16 I am called by a “Senior Analyst” of Option FM from a phone number in UK, who introduced himself as Mike Becker. He asked me to put in a trade in EUR/USD using the 30 second button. Then when the trade started without fore-warning he asks me to keep clicking the submit, approve buttons repeatedly and then in a minute’s time my balance had dropped in front of my eyes from $8,533.91 to $433.91. Then Mike had the audacity to blame me for the loss because I did not click on the buttons fast enough. Then when I asked to speak to Ray, he came on the line and blamed me for trading with someone else rather than him.

Both of the were then trying to convince me to put an additional deposit of $2,250 so that Mike could do a correctional trade which he was promising would give me a return of $12,500 by this morning. After all this I would be just insane to wager any more of my hard earned money to fulfil the insatiable appetites of these unscrupulous brokers who have no ethics at all.

In conclusion, I would like to caution people from being drawn into making more deposits into your trading account at the insistence of brokers.
Beware of trading with brokers who all hand in gloves with each other and share the common interest of ultimately scamming you of your money.
If you are interested in Binary Options trading do your own research and do your own trading.
PLEASE DO NOT GET HOOKED INTO TRADES ON WHICH YOU HAVE NO CONTROL AND ARE DRIVEN BY BROKERS.

Option FM Review

Trading Platform Option FM

Option.FM uses the SpotOption trading platform which is innovative yet user-friendly, and offers a wide range of proprietary features. The platform makes it simple for both novices as well as experienced traders to manage risk and make informed trades. It boasts 24/7 uptime and enables traders to fine-tune every detail of their trades.

Option.FM excels in offering a wide selection of assets for traders to choose from. This broker offers more than 200 popular assets from which brokers are certain to find familiar ones that they can trade successfully. Options include major indices, commodities, stocks, and currency pairs.

Option.FM offers a demo account that novices can use for practice purposes. It also offers a wide selection of about 200 different assets for trading.

Option.FM offers a wide range of educational materials for the benefit of traders. These include an informative ebook that includes both basic lessons as well as advanced strategies. This broker also offers webinars, and updates their website constantly to enable traders to improve their trading skill level.

Option.FM provides a mobile app to enable trading on the go. You can earn payouts as high as 91%. Plus, you can make use of easy deposit and withdrawal methods. The minimum withdrawal amount is $80 and your withdrawal request normally takes just one day to process. The broker also provides prompt and reliable customer support to resolve any queries traders may have.

  • Uses the popular SpotOption trading platform
  • Wide range of tradable assets
  • Reliable customer support
  • Demo account for practice
  • Minimum investment amount is just $1
  • Does not accept US and African traders

Platform type: SpotOption

Platform Languages: English

OS Compatibility: Mac OS, iOS, Windows, Android

Streaming News Feed: Yes

Email Alerts: Yes

Mobile Alerts: Yes

Company information Option FM

Located in: Belize

Website: https://option.fm

Founded in: 2020

Accepts US Clients: No

Phone number: +44-207097326

Email: [email protected]

Account Options Option FM

Commission:

Minimum Deposit: $250

Payouts Percentage: 91%

Deposit Options: Credit Card, Debit Card, Bank Wire Transfer

Withdrawal Options: Credit Card, Debit Card

Payout Ratios: Option.FM offers returns up to 91%.

Available Assets Option FM

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities

Useful Option FM Resources

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

Customer Support Languages: English, Spanish, German, French, Russian, Italian, Arabic, Dutch

Customer Service Hours: Option.FM provides 24-hour customer support.

Place Trades Over the Phone?: No

Option FM Trade types

Option.FM offers four trade types:

  • One Touch
  • 60 Seconds
  • Long Term
  • Binary Options

Option FM Trade accounts

Option.FM offers seven types of trading accounts:

  • Trading Manual
  • OFM Rewards Access
  • Trading Packages
  • 1 Educational Session
  • All features in Start-Up plan
  • 2 Educational Sessions
  • 3 Protected Trades

Top Exec – 10,000+

  • All features in Entrepreneur plan
  • 3 Educational Sessions
  • All features in Top Exec plan
  • Class B Trades
  • Class A Trades
  • 4 Education Sessions
  • Enhanced Return on Investments
  • A ll features in CEO plan
  • 4+ Education Sessions
  • Suited Trading Portfolio
  • All features in Financier plan
  • Unlimited Education Sessions
  • Vacation Packages

Option FM Position In Our Categories

Position of Option FM in our main categories:

Option FM is one of the top 50 Binary Options Brokers products

If you are interested in Option FM it might also be beneficial to analyze other subcategories of Binary Options Brokers collected in our database of B2B software reviews.

It’s crucial to keep in mind that almost no service in the Binary Options Brokers category is going to be a perfect solution able to meet all the requirements of all investors. It may be a good idea to read a few Option FM reviews first as certain solutions may actually perform well just in a specific geography or situation or be created with a really specific customer in mind. Others can work with an idea of being simple and intuitive and therefore lack complex functionalities desired by more experienced users. You can also come across services that support a large group of users and offer a complex feature set, however this frequently comes at a more significant cost of such a solution. Be certain that you’re aware of your needs so that you choose a service that has specifically the features you search for.

User Satisfaction

We realize that when you make a decision to buy Binary Options Brokers it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Option FM reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with Option FM. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

TradeCenter.fm: Login, minimum deposit, withdrawal time?

Warning! TradeCenter is an offshore company! Your deposit may be at risk.

TradeCenter.fm draws us in at first glance, but as we have seen before, first impression almost always end up being busted. Is this the case with TradeCenter? Read on to find out.

TradeCenter is owned and operated by Promfix OU, its address located in Estonia. In Estonia the Finantsinspektsioonacts (FI) acts as a regulatory entity for all financial services institutions, with all regulated companies being officially included in an online register. We went through the online registry and found no results, so we can conclude that TradeCenter is not regulated in Estonia. Even if a company is registered in a country that does not make it licensed by its appropriate body which is crucial for any forex broker to be. Because there is no other mention of an address, and nothing on an actual regulatory agency, we must conclude that TradeCenter is UNREGULATED.

Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are actually regulated by the FCA, and have the ability and will to prove it. The FCA makes sure that brokers work within the confines of the law, and requires regular detailed reports on brokers’ affairs. Brokers under the FCA are also apart of the FSCS, which allows for the reimbursement of up to £85 000 to clients who are victimized by the broker’s inability to pay its debts (due to bankruptcy, or any other similar cause).

The leverage is maxed at 1:400 as per the client dashboard, immediately ruling any sort of European regulation for the leverage in the EU is limited to 1:30 by ESMA. The EUR/USD spread we got form the live account is 0.1 pips. This is a perfect spread for traders, but seeing as TradeCenter is illicit we seriously doubt that there isn’t a catch. What’s more, is that only shady brokers will allow for a live account to be opened without any need for ID documents.

Trading assets as derived from the trading platform are Forex Pairs, Crypto, Commodities, Indexes, and Shares.

The only available languages are English and Spanish.

TRADECENTER LOGIN

This broker utilizes the ever present MT4. MT4 incorporates all features that both new and professional clients alike need to have in their trade game. Clients can set auto trades, and they come loaded with lots of customizable options for optimal trading. The superior charting package, and drag and drop features allow users to take faster and more practical trading routes. Chart analysis tools, customizable trading indicators, the inclusion of VPS, and much more make MT4 the best option out there.

The EUR/USD spread is 0.1 pips, while the leverage is limited to 1:400.

Here’s the catch: there are commissions that are some of the highest we’ve seen.

As you can see, each account type has a minimum 0.1 spread, with different commissions, of which the only one that seems reasonable is the $6 Platinum. However, it does not say if the commission is round turn, or per side. If the commission is round turn, then these $6 would increase the spread with 0.6 pips, and it the charge was per side then the spread would increase by 1.2 pips. Now imagine with a commission of $30 (Classic Account): round turn would be an extra 3 pips on top of the 0.1 pips spread, while per side would add 6 pips to that spread which is unheard of. In other words, the commissions at TradeCenter are exemplary of the brokers fraudulent activities.

The MT4 is available on desktop, browser, and smartphones.

TRADECENTER MINIMUM DEPOSIT

The minimum deposit is $250 as per the dashboard.

The only payment method is through Wire Transfer, while other are hidden to unverified customers.

Since TradeCentral is unregulated, we recommend any broker that has a license from the FCA/CySEC since these agencies are renowned for their strict law enforcing and protection of clients’ investments and personal information. Not to mention that they offer more payment options without misleading the client.

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

For safekeeping your money NEVER share your credit card number and CVV code with a salesperson. All online payments require this 3 digit number in order to complete purchases or transactions, and by giving yours away to some offshore broker may lead only to the complete drainage of funds from your credit card.

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

Another novice mistake that has been numerously repeated and taken advantage of is providing access to your computer and bank account via AnyDesk or TeamViewer. These software allow for others (in our case the people behind the shady brokerage) to log-in to your PC and flip through all files and browsers, essentially taking over your computer as another user and having access to your personal information like bank account passwords, credit card information etc. Thankfully, these platforms are completely legal and will need your own personal approval in order to be used.

TRADECENTER WITHDRAWAL TIME AND FEES

We cannot know the minimum withdrawal amount without depositing first.

The website claims that the company will process all withdrawal requests within 1 to 3 working days.

The broker claims that it does not charge any withdrawal fee.

ADDITIONAL FEES AND TAXES

Unlicensed brokers utilize smartly crafted tactics to keep you as invested as possible into their schemes of deception. And seeing that every day there are many who fall victim to their plans, one must realize that these people are smart and fully capable of manipulating the mass of novice traders, either by finding or creating loopholes in the T/C, by reassuring that the more you postpone your withdrawal the better the chance of quadrupling your initial investment, or just asking for more deposits.

ACCOUNT VERIFICATION

We strictly advise against giving away an ID and proof address to unregulated brokers: they can be literally anyone with enough time and skill to mask themselves as a broker. Usually, these individuals use the anti-money laundering legislation as front for when traders start to get suspicious. Once this suspicion is confirmed and you file for a chargeback, they will use your details against you case.

We are positive that this so called broker will not return your funds; the evidence we have laid out before you work in sync against it. The sound thing to do is to direct your attention and investment to an FCA or CySEC licensed broker where the law is integrated in every aspect of their operations.

HOW TO RECOVER

The most sound advice we could give you is to immediately file for a charge back with you credit card company.

If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.

Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.

BOTTOM LINE

TradeCenter may not hold any hidden clauses, but the commissions on spreads justified by the lack of a license are enough to push anyone away from this one.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

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