Option.fm is a vibrant new addition to the world of binary options trading. It was established in 2014 and has chosen to be registered in the UK; this means it will need to comply with the UK’s strict financial rules and regulations in order to be allowed to trade. Businesses which do this are indicating, from the start, that they wish to be taken seriously and that they will offer a fair service to all traders. The firm has attracted many traders, both experienced and timers; it is easy to see why once you read this review!
Option.fm offers returns of just over ninety percent, impressive for any binary broker; they have a good welcome incentive and a standard initial deposit scheme. Certainly one of the most desirable features is the ability to trade for as low as $1; those who prefer to take a little more risk can put as much as $5,000 on one trade.
Welcome incentive which will help you to start trading.
They have a good range of investment types; suitable for almost every trader.
Some of the highest rates of return in the market.
Easy to use software which is laid out extremely well.
The demo account is an excellent option but they do not include any assistance with it; making it difficult to make the most of the software before you sign up to an account.
This broker does not allow traders from the US or Africa.
As with most traders it is exceptionally easy to start trading. You will need to provide a few details on their website via a secure server and confirm your identity. This is essential as Option.fm is keen to protect your confidential information.
You can then add funds to your account and start trading; the amount of funds you deposit will control the amount of welcome bonus you receive; although you can trade from as little as $1 you will need to fund your account with $250 before you can start.
Option.fm are keen to n and retain your business, as such they offer an excellent welcome incentive. For funds of up to $10,000 they will match the amount you first fund your account with. These, effectively free funds, will help you to learn how to trade without risking additional capital.
Of course, there are traders who will happily sign up for an account, take the bonus and then cash into prevent this most brokers provide a restriction; that you are unable to access your funds and transfer them out of your broker account until you have placed trades to the value of thirty times your bonus. Options.fm is probably the only broker who specifies a lower amount; they only require you to invest twenty times your first lot of funds.
Options.fm works on the same basis as most binary options brokers; the higher your first transfer of funds is, the higher the grade of account you get. Traders who deposit anything up to $999 will receive the trial account which is an excellent way of learning how to trade. It comes with nearly one hundred assets, several platforms and a good amount of market support. At the other end of the scale, for those with over $50,000 to invest, you can access the VIP account. Alongside a host of benefits this account gives you dedicated advice and support; helping you to make the most of every trade.
The Trial Account
Although Options.fm has a complete range of helpful advice and comments which should help anyone improve their trading abilities, they also have the trial account. This is an excellent way for you to learn the basics regarding trading binary options; without risking your own funds.
Alongside this you will find a wide range of useful information on their website; including an e-book and interactive services. Whether you are an experienced trader or not you will find this of benefit.
The first concern of any trader relates to the software you will be using. Thankfully, Options.fm is using SpotOption and has an excellent layout for their site; it is informative and easy to use. They also offer an impress range of assets for you to trade in and with. Having nearly one hundred to choose from makes them one of the best in the business. They also offer a complete range of trading options. You may wish to start by using basic price prediction but you will graduate and want to try the others as your experience and knowledge grows. You can even access the site remotely via your phone or tablet to ensure you can trade at those critical moments.
Rate of returns
If you follow the advice and use the resources available on their website it is possible to receive an exceptionally high rate of return. A rate of ninety one percent is achievable!
Funding your account is exceptionally easy. Simple sign up to one of the banking options and transfer your funds. The list of financial institutes which can be used is impressive! Funds can be withdrawn, subject to terms and conditions, via the same method.
The support team is knowledgeable and will help you to resolve any issue on the site. However, they are not yet able to offer a complete solution to all problems. It is very much something that will be improved as the company proves and grows.
In general Option.fm is creating positive waves in the binary world, and with good reason!