OptionFM Broker Review
Option Financial Markets (OFM) is a new online broker that has built its reputation as a professional binary options broker offering an exceptional trading experience, top quality training and education as well as excellent customer support. As an innovative broker, OFM has recently revamped its site and is powered by the latest SpotOption platform. Traders can trade up to 200 financial assets seamlessly across their variety of trade. In addition, offering a choice of effective risk management tools, the trading platform provides a historical price chart for each asset enabling traders to maximize their market analysis, leading to accurate trading. In terms of payout, OFM offers returns of up to 90% on trades that end successfully or ‘in the money.’ In their mission to provide their traders with all the assistance and tools to succeed, OFM also provides their traders with a sentimental analysis tool which is available on the platform for each asset and trade option.
The OFM platform also offers traders three trading modes in order to cater for the different preferences of traders. These modes, which include Binary Options, Long Term and Sixty Seconds, all feature interactive analysis and a candlestick view to empower traders to make good trading decisions. Traders can also manage their trading risks and rewards on open positions using trade features such as Sell Early, Double Up and Roll Over.
The minimum deposit with OFM is $250 and traders can place trades for as low as $1. Additionally, all new traders are eligible for a 100% trading bonus, which will significantly boost their trading capital, when they sign up with the company. In their clear understanding that no two traders are the same, OFM offers 7 account types each tailored to provide a variety of benefits and services. Detailed information on each account type can be found on the OFM website.
For any traders looking for a secure and transparent platform, look no further than OFM. The broker is regulated by the IFSC (International Financial Services Commission) in Belize which means that the broker strictly complies with all EU trading regulations. In addition, the broker’s site is secure with the latest SSL technology to ensure that all traders’ personal and financial information are secure.
OptionFM Deposit and Withdrawal
OFM accepts deposits via wire transfer as well as popular debit and credit cards such as Visa or MasterCard. In addition, traders have the choice of a variety of eWallets including PaySafe Card, SafetyPay, Yandex, Qiwi, Webmoney and many more. Upon depositing, one’s funds will be reflected in the traders’ account balance and trading can begin immediately. Withdrawals can be requested online and they are processed in a timely and efficient manner, and take an average of 2-3 working days to reach your card or bank. There are no fees charged on deposits or withdrawals and OFM also does not charge any fees or commissions for trading on their trading platform.
Customer Service and Education
OFM offers professional and responsive customer support around the clock via live chat, email or phone support in 7 countries. Upon signing up, every trader is assigned a personal account manager who will always be a phone call away to offer any assistance or guidance needed. All new traders receive a free trading manual that takes them through all the basics of binary options trading. Depending on the account type opened, traders are also eligible for free one-on-one training offered by the company’s professional staff of experienced financial markets traders. The purpose of the extensive training and education provided is OFM’s way to help traders build their trading knowledge and skills as well as develop trading strategies that will enable them to trade the markets successfully with minimal risk.
OFM Mobile App
In order to be a successful trader, it is vital to have access to profitable trading opportunities at all times. In order to ensure 24 hour access, OFM has a downloadable mobile platform available for both Android and iOS mobile platforms. The mobile platform has the full functionality of the complimentary desktop platform enabling traders to move between the two with ease. The OFM mobile platform offers convenience to traders as it allows them to place, monitor, manage and exit trades while on the go.
Customer Service Rating- 9
- 24/7 Live Chat
- Phone Support in 7 Countries
- 3 Email Contacts
- Link on site to report urgent matters to management
Asset Choice Rating –9
- 40 Stocks
- 12 Currency Pairs
- 8 Commodities
- 19 Indices
Deposit Method Rating – 9
- Credit Card – Visa, Mastercard
- Debit Cards
- PaySafe Card
- Wire Transfer
Minimum Deposit Rating – 7
- 250 USD
Withdrawal Rating – 9
- Wire Transfer and Credit Card take up to 2-3 working days
- Traders Can Request Withdrawal From $100
Minimum Trade Rating – 9
Trading Features Rating – 10
- Standard Call/Put Binary Options
- Long Term
- 60 Second Binary Options
Payout% Rating – 9
- Up to 90%
- Early closure feature
Bonus Offers Rating – 10
- Up to 100% match bonus on initial deposit
Site Intangibles Rating – 9
- Mobile Trading Platform
- IFSC Belize Regulated
- Asset Filter
- Comprehensive Educational Material
- Choice of 7 Trading Account Types
- Access to Market Indicators