Option Financial Markets is a binary options provider based in the United Kingdom. Established in 2014, it has gained a high following among traders in Europe. However, Option FM does not offer services to traders in the US or the continent of Africa. It is regulated by the Cyprus Securities and Exchange Commission.
PLATFORM AND TRADE TYPES
Option FM utilizes the SpotOptions platform, a sleek, fast and easy to use trading platform. Many other top binary options brokers also use this platform. Options FM offers the trade types below:
High/Low: Option FM’s platform allows you to trade High/Low Trades. In High/Low trades, a trader purchases a call option if he feels the future price of the asset would exceed the strike price or purchases a put if he believes the price would fall below the strike price.
One Touch: In One Touch trades, traders purchase or sell an asset when the markets are closed and bet on whether the asset would reach a predetermined price/rate until expiry at the end of the trading week.
Ladder: Option FM also offers Ladder trading options which a trader can use to “lock-in” profits as prices vary and exceed certain predetermined price levels.
60 second options: This is simply a binary option trade with a contract expiration of one minute. It is a favorite of traders who want to see quick trading results.
Long Term options: Instead of just trading on a 60 second time frame, some traders prefer long term time frames. Options FM allows you to trade time limits of up to three months.
OPTION FM DEPOSITS AND WITHDRAWALS
Deposits can be made through Visa, MasterCard, bank wire transfer, Skrill, PayPal, Maestro, CashU, Ukash, WebMoney, Inpay, and Netteller. A minimum of $250 must be deposited before you can start trading.
Option FM has one of the fastest withdrawal time frames in the industry with some withdrawals being completed within 12 hours. The minimum withdrawal amount is $80 and the withdrawal methods are same as the deposit methods.
BONUSES AND PROMOTIONS
If you make an initial deposit into your Option FM account, you would have double that amount to make your trades. That 100% bonus is not the only bonus you get as an Option FM trader. There is an opportunity to participate in various promotions where you can get cash prizes and bonuses.
The customer service is a bit sketchy. You only get access to customer support email if you are operating a real money account. Demo account users can’t utilize customer support. As a result of this restriction, it is not possible to evaluate the quality of the company’s customer service. The contact email is email@example.com
PROS AND CONS
⦁ Regulated in Cyprus. Meets European trading laws and requirements.
⦁ High quality trading platform
⦁ Fast withdrawals
⦁ Geographical Restrictions: Not open to residents of North America and Africa.
⦁ Limited demo account service which cannot be accessed by those without live accounts.
As a licensed broker, Option FM is highly recommended, particularly for traders in Europe. They offer a huge variety of assets and provide the latest trading resources.