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Option.FM Broker Review

Option.FM
Min. Deposit: $250
Min. Investment: $1
Max Returns: up to 90%
Rating: Rated with 4.5 stars
Regulated Broker: Not available
Signals: No
  1. Option.FM

    Option Financial Market (Option.FM) is one of the recent brokers in binary industry, established in 2014.

    This brokerage company is owned by Option.FM Ltd. We decided to review this broker because they’ve managed to build up a name in binary options trading in a short span of time.

    For more about this broker and available trading tools and services, read our Option.FM review below.

    Option.FM Trading Platform

    This broker uses SpotOption as the chosen software for binary options trading. With SpotOption, navigating over the site is simple and straightforward and can be used without difficulties for both new and experienced traders.

    Our Option.FM review shows that minimum deposit is $250, while minimum investment per trade is set to $1. Maximum investment is $8000. With Option.FM, bonus can go up to unlimited amounts and returns up to 90%, which is very attractive amount for traders in binary industry. Accepted currencies are: EUR, USD and GBP.

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    Option.FM Trading Features and Services

    To trade binary options, traders should select preferred trade option and time of expiry of particular option. Option.FM reviews shows how South Africans can choose among following trade options, such as 60 Seconds, High/Low, One Touch, Ladder Options and Long Term. Available expiry times are: 30 s, 60 s, 2 min, 30 min, 1 hr, 24 hr + and end of day.

    Traders would be happy to know that they can trade with more than 200 assets, which cover currencies, stocks, commodities and indices.

    Option.FM offers bonuses as a way to attract new traders and offer more benefits to existing traders. Highest available bonus as we discovered in Option.FM review can be unlimited.

    optionfm logo-150x68Traders can also accept welcome bonus of $100 and with minimum deposit of $250, balance can automatically change to $500. We advise traders to read bonus policy to get accurate information regarding bonuses and bonus withdrawal terms.

    Another widespread Option.FM feature is mobile app. Option.FM offers traders in South Africa a mobile application that simplifies in grat amount traders’ experience while trading binary options. To get this app, traders can download it from App Store and Google Play.

    Option.FM mobile app is very useful because it allows traders to trade from anywhere and it is often used by busy traders who are on the go. This app can be used also on tablets and smartphones.

    Option.FM Trading Accounts

    Option.FM broker offers traders a selection of even 7 different account types, each one with special features and characteristics. Below in our Option.FM review, you can get detailed information of available accounts.

    Option.FM Newbie

    • minimum deposit $250 +
    • trading manual

    Option.FM Start-Up

    • minimum deposit $2500 +
    • trading manual
    • access to OFM Rewards Tier 5
    • education materials level 1
    • trading packages

    Option.FM Entrepreneur

    • minimum deposit $5000 +
    • trading manual
    • access to OFM Rewards Tier 5+4
    • education materials level 2
    • trading packages
    • limited protected capital

    Option.FM Top Exec

    • minimum deposit $10000 +
    • trading manual
    • access to OFM Rewards Tier 5+4+3
    • education materials level 3
    • trading packages
    • unlimited protected capital
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    Option.FM CEO

    • minimum deposit $25000 +
    • trading manual
    • access to OFM Rewards Tier 5+4+3+2
    • education materials level 4
    • trading packages
    • unlimited protected capital
    • class A and B traders
    • enhanced investment return

    Option.FM Financier

    • minimum deposit $40000 +
    • trading manual
    • access to OFM Rewards Tier 5+4+3+2+1
    • education materials level 4
    • trading packages
    • unlimited protected capital
    • class A and B traders
    • enhanced investment return
    • suited trading portfolio

    option.fm securityOption.FM Mogul

    • minimum deposit $100000 +
    • trading manual
    • access to OFM Rewards Tier 5+4+3+2+1
    • education materials-unlimited
    • trading packages
    • unlimited protected capital
    • class A and B traders
    • enhanced investment return
    • suited trading portfolio
    • vacation packages

    Option.FM Customer Support

    During our Option.FM review, we discovered that this broker offers traders several different ways of how to contact them. Their available email is cs@option.fm and traders can also use live chat and phone.

    Phone numbers are available for following countries South Africa (+27 105 003 770), UK, New Zealand, Australia, France, Germany and Canada.

    It is important to mention that customer support is available 24/7 for all traders.

    So far, traders can only use English version of trading platform. However, we noticed in Option.FM review that FAQs are not implemented in this platform. We hope traders will soon be able to use this feature because it is a quick way to get answers on any relevant topic in the trading process.

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    Option.FM Banking Info

    Our Option.FM review showed us that traders in South Africa can be relaxed knowing that trading binary options with Option.FM is safe and protected.

    They use 128-bit SSL technology, that encrypts personal and financial data of their registered traders. For more on security of this platform, traders can click on Security and Privacy and Compliance and AML tabs.

    Under Secure Banking on trading platform, South African traders can find detailed information on how to deposit and withdraw funds from the trading account. Option.FM accepts payments done via debit and credit cards, bank wire and ewallets:

    • cards – Maestro, Mastercard, Visa, Visa Electron and American Express
    • bank wire
    • ewallet providers – QIWI, Yandex, WebMoney, PaySafe Card, SafetyPay, Boleto, Moneta.RU and AstroPay

    Withdrawing funds from Option.FM account is also safe and yet simple. To be able to execute withdrawals, traders have to submit a withdrawal request. In case of any questions, they can contact their customer service on cs@option.fm.

    optionfm logo-150x68For withdrawals done through debit or credit cards, it can take up to 5 business days for this broker to process the request and extra 2-3 days for money to arrive on traders’ account.

    Minimum withdrawal amount is $100 and they do not charge any fees regarding funds withdrawals.

    To start withdrawal process, traders should click on My Account tab in upper part of the platform and choose Withdrawal request. Afterwards,, they have to select preferred amount and currency and that’s it. After withdrawal request in accepted, traders will be notified via email.