In this review, we will describe why OFBM is a scam that you should avoid at all cost !
Is OFBM Legit?
OFBM is an unregulated broker. Problem with unregulated brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why OFBM is a dangerous broker to deal with.
Are Funds Safe with OFBM ?
With such lack of information and OFBM being unregulated, funds are not safe. Security of funds is a huge problem with unregulated brokers. A red flag that we noticed is OFBM is withholding vital information to users.
OFBM could go bankrupt from one day to another since there are no banking information about this broker.
OFBM Review: our Conclusion!
OFBM is an unregulated broker to avoid at all cost. If you have been scammed, check out our ChargeBack process here or get a Free Consultation by a team of expert by clicking here.
2 thoughts on “OFBM (Online Financial Binary Market) Review”
These guys are complete SCAM artists. They are playing a very old game. They promise 10x profits ($300 to $3000) within 24 hours. Even when you have a small amount like this, they push you to invest it – promising you will be happy.
Once you send them the money, you create an account on their website: https://ofbfm.com. You create the account and you’re given a live look at what is supposedly a live trading environment with your account. They try to legitimize their scam by using optics by Tradingview. However, when you try to select the trades, they only take you to the chart and provide no ACTUAL metrics. You can’t see any information about the trade. They put up the fancy charts and fake profit numbers to lure you in. How do I know the profit numbers are fake?
At one point, the screen said there were two trades that profited $1000. A third trade pops up and says it was a loss, yet, my account is credited an additional $800 – at least on the screen. I asked the account manager (Sean S. Walter) about this and he snapped at me and told me “Sir calm down. I am the one managing your account.” Okay, so I accepted this.
Everything still seemed okay and I reluctantly told a friend about the service. Once my friend was willing to put up $300, Sean again put on all the pressure to get the bitcoin sent over. Now here’s where it gets crazy…
About 45 minutes later, I look at my account and to my surprise, I am now up to 5 trades and a whopping $8,000 in profit. I immediately called my friend and said “This must be a scam.” A few minutes later, I received an email that said the following:
“High accurate trade session commenced on your live trading account invest. And now you are to receive $8,000 but is official you pay a 1 time 10 percent trading commission fee of $800 to enable you make your withdraw successfully. Contact your manager when you are ready to receive your profit immediately.”
I immediately wrote Sean and told him I would like to request my profits so I could reinvest in their platform. He said “No problem, however they would have to COLLECT THE 10% FEE BEFORE THEY SENT THE PROFITS.” I asked why they could not just take their fee out of the profits and he said it is against their policy to take any money out of a client’s profits to pay fees and I would need to send this in first.
You can imagine that from here, I had fun talking about US laws and how he would go to jail for trying to pull such a scam here.
These scammers are taking advantage of vulnerable and desperate people. I hope this message reaches as many people as possible so that they can avoid losing money to them. Luckily, I only lost $320, but everyone needs to call tese scammers out for what they have done.
This is the same story with me about OFBM,telling that I can get profit which is life changing, but after investing $400 they still want to fees to release my profit I am confused as earlier they didn’t tell about the fees to release to my bank account
Now they need $500 more telling it’s the signal fee but earlier they said it’s bank transfer fee but now when I enquired with bank they said there is no transfer fee but only the exchange rate cost to transfer to my account anyways I didn’t pay $500 but lost $400 earlier.
So I asked the manager Mr Benjamin Franklin to
Send me my trading platform account details
As I have to purchase the signals so I have right to see the trading initially they refused later sent it to me but again they blocked it as they want to he remaining amount
I completely believe this is a scam