Option FM Review
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|Headquarters||Central Tower, 28 Queen’s Road Central Hong kong|
|Support Types||Phone, Live Chat, E-mail|
|Minimum Trade Amount||$1|
|Maximum Trade Amount||$5000|
|Free Demo Account|
|Deposit Methods||Credit/Debit Cards, Bank Wire, PCI|
|Withdrawal Methods||Credit/Debit Cards, Bank Wire, PCI|
|Expiry Times||From 30 seconds to several hours.|
|Types of Assets||Currencies, Stocks, Indices, Commodities|
|Account Currency||USD, EUR, GBP|
|US Traders Allowed|
Option.FM, having its chief office in the Chinese Special Administrative Region of Hong Kong, defines itself as a boutique binary options brokerage. It is popular for its high quality trading platform and prides itself with its rich team of analysts and experts in the financial industry.
Having set their mission statement as aiding its customers to unveil their enormous potential, the company is committed to providing a brilliant service which is tailor-made to the traders’ goals and needs. Option.FM’s innovative website is excellently designed to address the needs of all users. It is a bit surprising that the website is only available in the English language.
A whopping selection of seven different accounts is available for traders at Option.FM. To open a Novice account, a user must deposit at least $250. In order to launch a Starter account, a minimum deposit of $2,500 is needed. To start trading through an Executive, Specialist, and Supreme accounts, a customer is required to deposit at least $5,000, $10,000, and $50,000 respectively. For proficient traders, Option.FM has crafted the Elite accounts which to be funded with a minimum deposit of $100,000 before any trading can commence.
Deposit and Withdrawal Options
All transactions are carried out in a timely manner and pass through a technology, called Secure Socket Layer, which guarantees the protection of personal information. Depositing with Option.FM is straightforward and quite easy and can be executed through SafetyPay, Yandex, PaySafe Card, Qiwi, AstroPay, Webmoney, Moneta.RU, VISA, Boleto or MasterCard.
Withdrawing cash from Option.FM is 100% safe and secure and usually needs around 5 business days using the same methods investors made use initially for their deposits. A corresponding $10 comes with each request for withdrawing.
Customers of Option.FM can engage into trading the four fundamental asset types – indices, stocks, commodities, and currencies. Usually, there are assets that are most traded at certain periods. They are regarded as “Hot Assets”. They are both available through the “Long Term” and “Short Term” options. The latter is available in the forms of 30 seconds, 60 seconds, 120 seconds, 180 seconds, and 300 seconds. Payouts can get as high as 100%. There are over 200 assets accessible for trading.
Option.FM offers a tool that is not seen at many other binary trading companies. It is called “Strategy Advisor” and is a kind of calculator which analyzes the market fluctuations in the past in order to predict the future trends. The Strategy Advisor also provides three separate indicators for technical analysis – Moving Average, RSI, and Bollinger Bands. Traders at Option.FM can also benefit from daily financial events, market news and daily articles written by a team of expert analysts.
Customer support at Option.FM is reachable through several fixed telephone lines around the globe. Besides, there is a live chat window and an e-mail assistance. The company takes pride in answering to all e-mail requests within two days and is devoted to securing an environment based on attentiveness, high grade of professionalism, and friendly attitude.
All accounts are entitled to trading manuals. Save for the Novice account, all others receive access to the OFM rewards and to different trading packages. All accounts but the Novice and the Starter accounts are eligible for diverse educational packages, bonus-protected trades, a number of educational sessions and the receipt of market updates whose frequency depends on the level of the account.
The Specialist, Supreme, and Elite account holders are also entitled to Class B trades, while the Supreme and Elite accounts also can immerse into Class A trades, expect enhanced investments returns (5% and 10% respectively), and also get a tailored trading portfolio.
The Elite traders would also derive great benefit from various, exotic vacation packages.Open an Account