Option.fm is a new binary options broker founded in 2014. It is registered as Canary Wharf in London. It is owned by a company called BO Technologies Ltd. and it has a branch office in Hong Kong. Option.fm accepts all countries except USA and Africa. Most of its clients are from Europe. There are 8 commodities, 12 currency pairs, 20 indices and 38 stocks. It has a high payout ratio that can reach as high as 85%. Option.fm is a reliable binary options broker although it is not regulated.
The broker offers a SpotOption trading platform that allows you to trade on a variety of assets. You can win a trade by predicting whether the price will increase or decrease within the set timeframe. The trading platform offers advanced charts for traders. Whenever you hover your mouse over the chart, you will be able to know the date, time and rate. You can find out the timeframe of each candle by hovering over the price in the candlestick view. The candles in the chart can be divided into minutes, hours, and days. Red candles indicate the price has fall while green candles indicate the price has increase.
There are three types of trading modes including binary options, long term, and sixty seconds. The binary options mode allows traders to make a profit between 70% – 80%. The binary options mode is easy to master for beginner. It is also suitable for traders who have been following the market for many years. To trade in the binary options mode, you need to choose the asset, expiry time, the investment amount, and asset price.
The long term mode has an expiry time of 9 months. To succeed in the long term options trading, you must follow up on the daily news and macro trends. The sixty seconds mode is a short term options trading with an expiry time of 60 seconds. You can view the result immediately if you choose to trade in 60 seconds options. The 60 seconds options trading is suitable for traders who are looking to make a quick profit. Option.fm also support mobile trading.
Types of Accounts
There are 3 types of accounts in Option.fm including Boutique, Executive, and Imperial account. Boutique account has a minimum deposit requirement of $1,000. Executive account requires a minimum deposit of $10,000. Imperial account requires a minimum deposit of $50,000. If you sign up for an executive account, you will get priority access to online webinars, and free subscriptions to financial magazine. Besides, you will also get a phone call prior to a big market event. Imperial account users will be covered with investment insurance. If you have an imperial account, you will have direct phone line to the VIP broker and VIP educational program. All the accounts feature 1 on 1 training sessions, trading e-book, risk management training and trading webinars.
Option.fm also offer a trial account for traders who want to test the trading platform. The trial account is preloaded with an initial deposit amount of $250. You will have access to all the 90 assets in the trial account. You will also be able to access the daily market analysis in the trial account.
Option.fm offers 100% welcome bonus for new signups. Trading bonuses can help you to earn more profits. If you want the trading bonus, you can discuss it with the Account Manager. The trading bonus will be granted in the discretion of the Account Executives. It is not mandatory to accept the bonus.
Deposits and Withdrawals
Option.fm offers many types of deposit methods including credit card, debit card, wire transfer, western union, Skrill, Paypal, Neteller, Inpay, U Kash, PPPay, and WorldPay. The transactions are protected with the latest secure socket layer (SSL) technology. The funds will appear in your account almost immediately after you have deposited the funds.
You can withdraw funds into your account via credit and debit cards. The average time it takes to process the funds withdrawal is about 5 business days. It takes about 2- 3 days for the funds to appear in your bank account. The minimum withdrawal amount is $80. Option.fm does not charge any withdrawal fee. You will have to submit a withdrawal request from your account whenever you want to withdraw the funds. Identity proof documents such as ID and address documents need to be submitted for verification when you want to withdraw funds. The majority of the withdrawal requests are processed in 1 business day.
Option.fm offers phone support for 7 countries including United Kingdom, Australia, Germany, South Africa, France, Canada and New Zealand. Option.fm also offers email support that guarantee a response within 2 business days.
In conclusion, Option.fm is a binary options broker that offers personalized options trading for traders. Option.fm offers one of the highest standards of customer service. You can get access to free binary options trading signals when you deposit more than $1,000.