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7 Binary Options
UPDATE (07.02.2020):
We have found out that Option.fm has shut down their operations.
We recommend choosing one of our top binary option brokers instead:
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Try also Binary Option Robot if you are looking for automated binary trading. Old Review:In 2020 a new binary options broker burst onto the scene that everybody started raving about; that broker is Option.fm. Those of us here wondered what all the fuss was about that made this broker so popular in such a short period of time. So as is our tradition, we decided that we would take a look at this broker that is attracting a large number of binary options investors even though it is just in its infancy. The second we clicked on the icon to take us to the broker we were immediately thrilled when we arrived at the website. The menu items that were available to guide us where we needed to go were laid out nicely and easy to understand. The site was well designed and looked great, to say the least. We were definitely anxious to sign up and get started; we wanted to see if this site performed as well as it looked and as their positive customer reviews indicated. Basic information:Online since: 2020
7 Binary Options Rating:Sign UpSigning up for the Option.fm website was a very easy process, to say the least. It just takes filling out a simple form to verify your identity; no biggie since it is for your own security and it should give you a good peace of mind to know that Option.fm goes to great lengths to protect your sensitive personal data. The minimum deposit with Option.fm is only $250; that is a low enough amount that just about anyone who wants to trade binary options with the broker can. With that being said, it is no problem whatsoever if an investor wants to open up an account with more than the minimum required deposit. As with most binary options brokers, Option.fm offers its new customers a generous signup bonus and the more a customer deposits the higher that signup bonus will be (more on that next). So it is in the customer’s best interest if they would like a nice signup bonus to deposit as much as they can in their new Option.fm trading account. BonusesWe mentioned bonuses briefly already and Option.fm has some good ones, most notably their generous signup bonus. It is always nice for any trader to get a few extra dollars in their trading account for free. These bonuses help to reduce some of the growing pains from learning a new trading platform and they will also allow you to experiment with different trading strategies without risking the original funds you deposited in your account. As with most binary options brokers, the bonus for new deposit accounts on Option.fm varies according to the amount of your initial deposit. The bonus goes as high as 100% on most account levels and the company will match that amount in most cases up to the $10,000 max bonus level. One of the things that stood out about Option.fm and their trading bonus is the terms before the bonus money can be withdrawn. Binary options brokers have to protect themselves from investors signing up with them and just withdrawing the bonus money and then leaving the site, so they will require a minimum amount of dollars traded before any withdraw can be made of the deposit bonus. Typically this amount is 30x to 50x the amount of the initial deposit. Option.fm has among the lowest requirements of any online broker as they only require you to trade 20x the amount of your initial deposit before you can withdraw any bonus funds. Types of accountsThe deposit bonus also determines what level account you will be placed into. Generally speaking, the more you deposit the higher level account you will start out with and the more site benefits you will receive. That is one of the reasons that it is encouraged that you make as big a deposit initially as possible. A lot of extra benefits and a higher deposit bonus are things you definitely want working on your side. There are account levels that will satisfy any trader on Option.fm as they cater to both novice and hardcore binary options investors. Let’s take a look at the different account levels they have to offer:
This account is ideal for those investors that just want to check out the website, are new to binary options trading or just like to play around with some trades once in a while. This level account is attained by making the minimum required deposit of $250 and includes those who deposit as much as $999 dollars. Here are its features:
This is the most popular account on Option.fm and its ideal for almost any experience level binary options trader. This level account is attained by making a deposit of $1000 and includes those who deposit as much as $9999 dollars. Here are its features:
This level account takes trading up to a whole new level of seriousness. It is most definitely for those who consider themselves professional traders. This level account is attained by making a deposit of $10,000 and includes those who deposit as much as $49,999 dollars. Here are its features:
This one is definitely for the big boys and heavy hitters who like and can afford to place a lot of money on their binary options trades. This level account is attained by making a deposit of $50,000 or more.
Learning ToolsWe like to recommend online brokerage sites that help improve the binary options trading knowledge of their investors and Option.fm did not disappoint in this area at all. The best thing about their site educational wise would have to be their real nice demo account feature. Demo accounts come in handy because they help new traders on a site familiarize themselves with the trading platform without risking any real money. They also will help those new to trading learn the nuances of binary options trading without losing their hard-earned investment dollars. Their informative eBook covers everything from basic binary options learning materials to advanced trading strategies. So there is information in there that will appeal to both novice and veteran traders alike. Webinars are a great instructional tool and Option.fm offers a lot of them to those that invest with them too. The website itself is constantly adding new ways for investors to increase their binary options trading skill level. ScreenshotTrading PlatformNo investor likes to trade on a web platform that is hard to navigate around and is not laid out well; that is why Option.fm chose to go with the time-tested and popular SpotOption trading software. Both novice traders and veteran traders will have no problems acclimating themselves to this trading platform. It is a nice bonus for any trader that uses the Option.fm website. Asset SelectionAsset selection is another area where we really felt that Option.fm excels. Most traders like a wide variety of assets to choose from and there are over 90 popular ones with this broker. There is no reason that any investor cannot find a few assets that they are familiar with and can have success trading. Option.fm customers can choose from such assets as matched currency pairs, stocks, commodities and major indices. Placing TradesThe combination of using the SpotOption trading platform and Option.fm’s innovative enhancement of it makes for a very pleasurable trading experience. Trading pages are well laid out and easy to understand; even the trades themselves are simple to execute and only take a few point and click maneuvers with a mouse to execute. Among the type of options that an account holder on Option.fm can choose are High/Low options, One Touch options, 60second options, Long Term options and Ladder Options. That provides a lot of flexibility and choices to those that trade with this broker. There are also several different expiration times that these option choices can be traded on. Option.fm even offers a convenient mobile application for those investors that are constantly on the go and don’t always have enough time to trade as they would like. The mobile app gives them more access to do trading on such things as lunchbreaks, pauses in events and while commuting on mass transit to and from work. Maximum Profit (Payout)What do all the learning tools, the easy to use trading platform and these many trading choices add up to? The answer to that is a whole lot of chances to consistently make winning binary options trades. When an investor trades successfully on Option.fm they also stand a good chance of profiting nicely; traders on the website experience return on investments as high as 91%. That is a much better return on investment than other types of market trading can consistently boast. BankingWe have already discussed how easy it is to make deposits and open an account with the Option.fm site. They accept a wide variety of payment forms for making those deposits too; you can use such acceptable methods as Visa, MasterCard, bank wire transfer, Skrill Moneybookers, Visa Electron, Paypal, Maestro, CashU, Ukash, WebMoney, Inpay, and Neteller. There is enough variety there to accommodate any traders desired deposit payment form. Withdrawals are just as easy as making deposits and you can use many of the same methods to make a withdrawal as your deposit was made in. The minimum withdrawal amount is $80 and they are usually processed within one working day. This makes Option.fm’s withdrawal process among the fastest in the industry, keep in mind that different withdrawal methods take different amounts of time to verify and process. Customer ServiceCustomer service seems to be one of the only chinks in Option.fm’s armor. It is still considered a work in progress apparently and that is not unexpected considering the newness of the site. When the customer service team did respond to issues they were prompt, thorough and handled the issues addressed very well. So it’s not as much that there is a problem with the customer service team; it is more of the fact they do such things as not make it available to trial account holders and they are just bringing such things as e-mail customer support into the fold. Conclusion/SummaryWe think the hype that this site generated was legit. None of us here who looked at the site have any problems recommending Option.fm as a really good choice for trading binary options. We especially liked their demo account, their low minimum investment and their high return on investment. This site really has the right platform and the right combination of tools to help make any binary options investor be successful and profit on their trades consistently. Option.fm is also supported by Binary Option Robot auto trading software. Additional informationCustomer Service: Live Chat / Email: [email protected] Choosing Binary Option Trading PlatformOne of the things that you should look at when choosing the Binary Options broker to register with, is the kind of Binary Options trading platform they have. The binary options trading platform is where you will be executing your trades from; it is the user interface that links you, the broker and the financial markets. Your choice will determine how well you enjoy trading Binary Options. Types of Binary Options Trading platformsThere are three types of binary option trading platforms. These are:
Most brokers have realized that traders have little time in front of their computers due to their busy schedules and the brokers have come up with mobile trading applications for their clients. With the mobile trading application platform, you can trade on the go; you don’t have to be settled somewhere for you to place open a contract. You can actually do it even when travelling in the vehicle. You just take out your phone, log into your normal trading account and you are good to go. Features of a good Binary Options Trading platformAlthough different binary options brokers tend to have different trading platforms, it is good that you look for the one that fits with your expectations. It is also worth noting that another person’s best platform may not be your best; you therefore need to choose according to your taste. Nevertheless, below are some general features to look for in good Binary options trading platform:
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