Option.fm Broker Review

Option.fm Broker Review
Leona
Option Financial Markets (OFM) is one of the newest entrants into the binary options brokerage space, having been founded in 2014. Despite being in operation for such a short time, the firm has managed to recruit some of the best talent from across the financial trading world, which means that it has an immense collection... Read more
Option Financial Markets (OFM) is one of the newest entrants into the binary options brokerage space, having been founded in 2014. Despite being in operation for such a short time, the firm has managed to recruit some of the best talent from across the financial trading world, which means that it has an immense collection of financial knowledge under its umbrella. Because of this, OFM is one of the worlds most recognized and trusted binary options brokers. OFM’s stated mission is to guide their clients to success by allowing them to achieve their full potential. This is made possible by the combination of different account types that cater to various types of investors, informative educational tools, an intuitive trading platform, a vast choice of assets to trade as well as the close relationships between the broker’s analysts and traders. OptionFM also supports automated trading. 
4.5
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  1. Option.FM Broker review

    Option Financial Markets (OFM) is one of the newest entrants into the binary options brokerage space, having been founded in 2014. Despite being in operation for such a short time, the firm has managed to recruit some of the best talent from across the financial trading world, which means that it has an immense collection of financial knowledge under its umbrella. Because of this, OFM is one of the worlds most recognized and trusted binary options brokers.

    OFM’s stated mission is to guide their clients to success by allowing them to achieve their full potential. This is made possible by the combination of different account types that cater to various types of investors, informative educational tools, an intuitive trading platform, a vast choice of assets to trade as well as the close relationships between the broker’s analysts and traders. OptionFM also supports automated trading. 

  2. Option.FM Special features

    The OFM website has recently been revamped and it features a sleeker design, a refined trading platform and the opportunity for traders to invest within a secure and transparent environment.

    One of the key features of trading with OFM is that the broker frequently offers traders bonuses on their accounts. These bonuses are important because they make it easier for traders to jump-start their trading journey. For example, with the 100% welcome trading bonus, a $250 trading balance instantly transforms into a $500 account. Trading bonuses empower traders to take full advantage of OFM’s collection of over 200 tradable assets to earn bigger profits.

    According to their customer service on live chat, requested turnover is calculated according to the type of bonus, so make sure to get familiar with conditions before accepting the bonus.

    Regardless of whether a trader is a rookie or an experienced investor, they are sure to find their niche from the seven different account types offered by OFM. As an additional benefit, OFM charges no fees or commissions on trades, regardless of the type of account. With the different available accounts, the broker is able to easily cater to the different trading needs and preferences of their client.

    The account types offered on the OFM platform include:

    OFM Newbie (from €250+)

    • Specifically designed for new traders
    • Access to 200 tradable assets
    • Trading manual

    OFM Start-Up (from €2,500+)

    • Trading manual
    • OFM Rewards Access – Tier 1
    • Trading packages
    • Class A and B trades
    • 1 Educational session

    OFM Entrepreneur (from €5,000+)

    • Trading manual
    • OFM Rewards Access – Tier 1 & 2
    • Trading packages
    • Class A and B trades
    • 2 Educational sessions
    • Limited protected capital

    OFM Top Exec (from €10,000+)

    • Trading manual
    • OFM Rewards Access – Tier 1 & 2 & 3
    • Trading packages
    • Class A and B trades
    • 3 Educational sessions
    • Unlimited protected capital

    OFM CEO (from €25,000+)

    • Trading manual
    • OFM Rewards Access – Tier 1 & 2 & 3 & 4
    • Trading packages
    • Class A and B trades
    • 4 Educational sessions
    • Unlimited protected capital
    • Enhanced return on investments

    OFM Financier (from €40,000+)

    • Trading manual
    • OFM Rewards Access – Tier 1 & 2 & 3 & 4 & 5
    • Trading packages
    • Class A and B trades
    • 4+ Educational sessions
    • Unlimited protected capital
    • Enhanced return on investments
    • Suited Trading Portfolio

    OFM Mogul (from €100,000+)

    • Trading manual
    • OFM Rewards Access – Tier 1 & 2 & 3 & 4 & 5
    • Trading packages
    • Class A and B trades
    • Unlimited educational sessions
    • Unlimited protected capital
    • Enhanced return on investments
    • Suited Trading Portfolio
    • Vacation packages
  3. Option.FM Trading software

    One of the things that traders will realize after signing up to OFM’s platform is that the broker offers an unusually diverse selection of over 200 global assets. When combined with the 3 trading modes available on their SpotOption trading platform, it is simple for traders to make profitable predictions on both long and short term positions. There are no fees or commissions charged on individual trades.

    When in the classic Binary Options mode that most traders are familiar with, it is possible to earn relatively large profits within a short time. The trader only needs to choose the asset they want to trade in, enter an expiry time, whether the asset price will expire higher or lower than its current price and how much they would like to invest. If their trade ends ‘in the money,’ they instantly earn a profit of 70% to 90% of their initial investment. This trading mode is popular because its straightforward mechanics make it simple to master.

    For traders with a longer-term vision of a particular market segment, the Long Term trading mode is an ideal choice. The expiry times that OFM offers for this mode could stretch as long as 9 months from when the ‘Call’ or ‘Put’ option was selected. Offering long term and short term options allows traders to diversify their trading portfolios and to maximize their potential profits.

    For traders looking for something more exciting, the platform’s 60 Second mode will get their adrenaline pumping. Similar to the classic Binary Options and Long Term modes, a trader chooses whether the asset price will have risen or dropped by expiry. However, while these modes require the trader to wait an hour, day or month to find out if their prediction is correct, the 60 Seconds mode allows the trader to choose expiry times of 30 seconds, 60 seconds, and more. This means that traders get nearly immediate confirmation of whether their trades are ‘in the money’ or ‘out of the money.’ It is hard to find a financial investment with quicker returns. Option.FM supports auto trading. Read more about it. 

  4. Option.FM Support information

    As the broker’s stature has grown, so too has its reputation for helping their traders be successful through offering personalized customer support that caters to each trader’s unique requirements. With account managers just a quick phone call or online chat message away, traders can be confident of a smooth trading experience. During OFM review, FBO tried their live chat service, and the operator was available within a couple of seconds and answered our question immediately.

    All the different account packages offered by OFM have access to both customer support as well as brokerage assistance which could be considered to be a twin layer of support. A unique touch is the link that allows traders and website visitors to report urgent issues directly to OFM management.

    Besides the standard live chat and a support email address that are available 24/7, there are also multiple local phone numbers listed that cover several countries from around the world, including the UK, Germany, New Zealand, Canada, Australia, South Africa and France.

  5. Option.FM Banking and company information

    Because banking is one of the most important and often-used functions for binary options traders, it is important to give choices that cover all the major deposit and withdrawal options. With regard to deposits, OFM offers traders a wide variety of choices that cover bank wire, credit cards and several online wallets. Funds quickly appear in the account trading balance, often within minutes of the deposit being initiated, allowing a user to begin trading immediately. Thanks to transactions being communicated via SSL technology, the security of personal information is guaranteed. Users can also contact OFM customer support 24/7 if they need help with any money transfers.

    Similarly, withdrawing money from the trading account is fast and secure. Traders are free to request a withdrawal of money from their accounts at any time, which is then processed by the broker’s Compliance Department. Withdrawals take about 5 business days to process, with an additional 2-3 days for the funds to reflect in the applicable card or bank account.

    Due to Anti Money Laundering laws, OFM has to verify all accounts to ensure client trading accounts and funds are protected. Fortunately, the process is simple and only requires sending scanned copies of the trader’s identification documents via email to the broker’s Compliance Department. Overall, a highly impressive review of a broker offering a profitable and secure trading environment.

    Minimum withdrawal is $100

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