Option.FM has only been in the industry for about 2 years as it started its operation in March 2014. Its mission is to help traders to succeed and attain maximum profits in their trading activities. This is achieved by providing a large selection of educational resources, and a user friendly trading platform. Option.FM holds a license with the IFSC and it meets all the minimum standards of the trading regulations in the EU. The broker is also regulated by CySEC in the EU so you can trade with a peace of mind with them. Option.FM does offer a demo account for traders who want to test some of their trading strategies on the trading platform.
Types of Trading Accounts
Option.FM offers 4 types of trading accounts including trial, boutique, executive, and imperial accounts. The most basic account, trial account, only has a low deposit requirement of $250. Boutique account has a minimum deposit requirement of $1,000 and offer customers benefits such as trading webinars, 1 on 1 training sessions, ebook and risk management.
Executive account which has a higher deposit requirement of $10,000 includes all the benefits in Boutique account as well as a few other benefits. If you have an Executive account, they will send you a free financial magazine and they will also give you a call whenever there is a big market event. The highest level of account, imperial account, is for VIP members who want to make a big initial deposit of at least $50,000. With an Imperial account, you can get help from a VIP analyst when you need some trading advice. In addition, your funds will be covered by investment insurance.
Option.FM offers 100% trading bonus, which means that if you deposit $1,000, you will see $2,000 in your account.
Option.FM offers the SpotOption platform which is widely used by many binary options brokers. There are more than 90 types of assets available for customers of all account types. The platform allows you to choose from 3 types of trading modes including the standard call/put binary options, long term and sixty seconds. There are 14 currency pairs, 1 commodity, 8 indices, and 11 commodities. You can click the green Call button if you predict the price will rise or click the red button if you predict the price will fall.
The average payout percentage and potential payout are displayed for you in the trading platform. The average payout for the standard binary options is about 81% while the average payout for the long term options is about 75%. For the sixty seconds option, you can expect to get a payout of 70%. You can use the candlestick feature on the graph to monitor the market. The price information displayed in the platform are accurate and up to date. Their minimum investment amount is just $1 with the maximum investment amount being $8,000.
There is a large selection of deposits and withdrawal methods at Option.FM including credit card/debit card, bank wire, uKash, obopay, giropay, Western Union, Skrill, Xoom, and Union Pay. The funds will instantly credited into your account once you have deposited the funds. Every single transaction is protected with SSL so that customers’ personal information won’t be accessible by hackers. Option.FM does not charge customers any fee when they perform a deposit or withdrawal from their accounts. It takes about 5 days for your withdrawal request to be processed and another 3 days to arrive at your bank account. You simply have to click on the Withdrawal Request menu on top of the menu in My Account to submit a withdrawal request.
Option.FM offers customer support via Skype messenger, live chat, email, and telephone for traders. There are different emails for every department for example general customer service, and trading software support. They guaranteed that they will reply to all queries regarding the trading software in 2 business days. There are toll free telephone support for 7 countries including UK, Australia, Germany, South Africa, France, Canada and New Zealand.
In conclusion, Option.FM is a regulated broker that has gain trust from many traders around the world even though it is a new broker. The low minimum investment size they offer make them suitable for newbies who are starting out to make money in the market.
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