Option FM Ratings
Option FM is relatively new broker in the binary options world, it was founded on 2014. Despite of their short period of existence they have collected employees from all over the financial world and have gathered great deal of financial knowledge under their command. This is how they have succeeded to get trusted broker stamp from their traders and got their name on the surface. In this review I through the following things:
- Most important features of the broker site
- What kind of bonuses are available for new traders
- What kind of option types and payouts are offered
- Other important factors such as mobile trading and educational material
Open a free account by clicking the button below and you get unlimited 100% bonus, so if you deposit $1000, you get instantly $2000 into your trading account. Be quick, because this offer might not last long!
Option FM in a Nutshell:
- Broker: OptionFM
- Platform: SpotOption
- Founded: 2014
- Bonus: 100%
- Return/Refund: max 91%
- Number of Assets: Around 200
- Regulated: CySEC
- Demo Account: Yes
- Mobile Trading: Yes
- Minimun Deposit: $250
- US Traders: Not Accepted
Special Features of The Site
Option FM as said, is a licensed broker and acts under CySEC regulation at Cyprus. Because of that license their actions and site can be trusted 100%, whether it is observed by money transfer perspective or customer service helpfulness and willingness to resolve traders concerns.
On the other hand as the site is under that license, Option FM cannot not accept US traders. That is a common problem among European registered and licensed brokers because the EU-legislation does not allow brokers to accept customers from US. If you live in United States, I recommend that you try one of these trustworthy US friendly broker sites:
- Bloombex, register now and you get to trade risk free for a week
- Porter Finance, great US friendly broker site, register now and you get up to 10 risk free trades
- CTOption, great trustworthy broker site with one of a kind Ifollow feature
- GOptions, One of the oldest broker sites, trusted by hundreds of thousands customers from all over the world
Bonuses and Account types
Option FM bonuses are simple; all account types are supported by 100% initial deposit signup bonus. That means that by depositing $1000 the account will instantly have $2000 worth of assets to trade. This is very generous offer for new traders. Actually it is one of the best in the industry, as it starts from the smallest minimum deposit with full 100% bonus. Many other brokers offer less bonus money for smaller deposits and only the upper account types are supported with 70-100% bonuses.
The actual account types are named as Trial, Boutique, Executive and Imperial and the further they go, the more additional features those accounts will provide for the trader. Each of the following accounts include all the features of the previous one. Let’s look at those more throughly.
Trial account: Deposit €250+
- 90 tradable assets
- 4 trading platforms
- Daily market Analysis
- No service fees of commissions
Boutique account: Deposit €1,000+
- All the above features
- 100% deposit bonus
- Trading webinars
- Customer support
- 1-on-1 Training sessions
- Trading E-book
- Risk Management Training
- Weekly Analyst Performance Review
Executive account: Deposit €10,000+
- All the above features
- Daily trading signals via email, chat and mobile
- Direct access to broker
- Priority Access to online webinars
- Free subscription to financial magazine
Imperial account: Deposit €50,000+
- All the above features
- Direct line to VIP broker and analyst
- Investment insurance
- VIP educational program
- Concierge and travel service
Minimum deposit is €250 and minimum trade is as low as 1€ which is exceptionally low compared to many other brokers which have something like 5€ or even up to 20 € as their lower trading limit.
What comes to the account types the Trial account will serve beginners in their basic trading but if you take trading seriously and the purpose is to make money with binary options trading we would absolutely recommend to upgrade to that Boutique account right away. It has vastly greater features for example: webinars, customer support, 1 on 1 trading sessions etc. Also the E-book is very handy to read and pick up the most important pieces of advice.
Weekly review from the analyst and risk management training courses are very useful also. All these are vital knowledge if you wish to turn the trading from guessing, to truly considered actions money and profits in mind.
Executive account continues with even more features than the Boutique account but it requires significantly larger deposit to achieve. But those who can make that deposit of 10,000 Euros or more will get direct access to broker and daily market signals. These are surely helpful features but are those enough to make 10,000 Euro deposit, that decision we will leave for you.
Option FM will provide demo account for practice purposes but due to their extraordinary low minimum trade amount of 1€, the demo account feature is practically unnecessary. By risking 1€ at the time to single trade it would not make much harm if you lose at the beginning. As the trading platform comes familiar the trading is super easy to execute. If the demo account still feels tempting, fortunately there is one to practice with. Our recommendation is that after reading some material and getting some basic knowledge, trading can be started directly with real assets.
Trading with Option FM, profits and payouts
Option FM offers one of the highest payouts in the binary options industry, especially with the regular options. It reaches as high as 91% profits for invested money in the winning trades. For One touch and ladder options there are even higher payouts available up to multiple times the original traded amount. Long term and 60 seconds options types are also available as usual.
Option FM does not seem to have Early close in its repertoire which is a slight minus for risk management perspective.
The selection of tradable assets is wide and typical. With the SpotOption platform, it is offering approximately 200 different assets to trading. These include stock, indices, commodities and currencies. Stocks and indices are gathered from largest stock markets around the world and currencies list have pairs of most liquid currencies. Comprehensive list of assets is shown on the site. Commodities list is wider than typical including coffee, corn, gold, silver, platinum, sugar, wheat and oil. Most competitors only have few of those available.
Expiry times are similar to other brokers with SpotOption platform. Those start from seconds to all the way up to longer than 12 months periods. These several different expiry times will leave enough room for traders to make investments for the wished time periods. These will also help to divide the risk of the portfolio with shorter and longer trades.
Support and Services
Funny thing that the Trial account does not have support provided for the traders. Boutique is the first one that has support “feature”, but still the live chat is available for everyone. Also the email and phone support are provided with multiple languages to everyone. Somewhat mixed information is found from the site, but in our test, we were able to get answers to our questions easily even with the Trial account, so you should not worry about that too much. Only if you need personal 1 on 1 interactions with support manager, you should get at least Boutique account level.
Educational material and news
Option FM does not have a separate education centre or academy for its traders. What it does have is the market news section which if stuffed with global news about companies, their announcements and rumours. This market news section gives a lot of information related to stocks and indices and helps to decision making.
Even if Option FM does not have the academy and material they have a more personal touch with their traders and they are offering a lot of webinars, signals and analyst comments and information.
They give their best expertise to traders and help them to make enhanced trading experience overall. They will assist traders with years of experience from the finance world. This personal and tailored guidance is much better option than educational section with video previews. Account managers direct contact is always more personal. Account managers are hired by Option FM from other binary option brokerages, investment analysis platforms and hedge funds.
If you think that trading should effortless and you don’t like to study strategies and follow the markets every hour, then automated trading might closer to your preferences. In that case we recommend binary option robot which trades for you as you have set it up. The Real Robot trades for you even when you are not around. Open a free account now and see how amazing this new free software is!
Check also these our other articles about free binary options auto traders and robots:
- Binary Option Robot Review (Best free trading robot)
- PayDay FM (Excllent signal provider software)
- Option Bot 2.0 (One of the most famous binary option robots)
- Copyop (Social trading, earn money by copying others)
- Binary Stealth (New accurate signal provider)
Option FM does have full version of mobile platform compatible with Android and Apple’s products. It sets traders free from the laptops and gives easy access from anywhere that you might have a phone or tablet with you. Mobile version is available at Google Play and App store. All you need to do is create the account with these links and then download the app to start trading. Trading with those applications could not be easier than it is.
Banking is one thing that needs to be secured and fully trusted with traders and the broker. Option FM does that right and offers numerous depositing options covering online wallets, bank wire and credit cards. Minimum deposit is 250 euros or dollars and minimum withdrawal is 80 Euros. Withdrawal request are processed within 24 hours and that’s quite fast compared to rivals. Available methods are the following: Visa, Mastercard, Amex, Bank Wire, Skrill Moneybookers, Paypal, CashU, Maestro, Visa Electron, Ukash, WebMoney, Inpay and Neteller.
Being a licensed broker helps to gain trust right from the beginning. Option FM has done many things properly for sure. From my perspective, Option FM is a great broker site genuinely helping its traders with a personal touch. Payout% are one of the best in the industry. I would definitely recommend this broker site to every trader who wish to earn money with binary options.
As an overall rating, we will give Option FM 4,7 stars out of 5 as a binary options broker site. [yasr_overall_rating]
Open a free account now, get unlimited 100% deposit bonus and start making money with binary options by clicking the button below.
Other Articles to Read:
IQ Option ( The best broker site)
Anyoption (One of the oldest broker sites)
Banc de Binary (World’s largest binary options broker site)
Binary Options Money Management (How minimize risk and maximize profits)
Binary Options Hacks ( Double your earnings within days with these simple hacks)
Binary Options vs Forex (Which one you should choose?)
Written by Michael Allen