OFM was established in March 2014 by a group of dedicated traders who decided that they wanted to make their expertise available to likeminded people who wished to join the world of online financial trading. Comprised of experts in binary options, forex, hedge funds, stock brokerage and investment analysis, OFM are perfectly placed to provide an exceptional and knowledgeable service to their clients who can enjoy the benefit of their vast experience. The innovative features and facilities available on their trading platforms have been purpose-designed to give traders the benefits of different methods of market analysis in order to enhance trading performance.
- Regulated by IFSC Belize
- Choice of 7 account types
- Desktop & mobile trading
- Payouts up to 90%
- Wide choice of assets & trade options
- Professional customer support
- Does not accept United States or African traders
Deposit & Withdrawal Methods
Option.fm Broker Information
- Company:Option Financial Markets
- Incorporated: Hong Kong
- License: International Financial Services Commission (IFSC), Belize
- Platform:Spot Option
- Minimum Deposit:$250
- Minimum Withdrawal: $100
- Minimum Trade: $1
- High/Low, Long Term, Sixty Seconds
- 30 sec, 60 sec, 90 sec, 2 min, 5 min, 15 min, 30 min, 45 min, 1 hour, End Of Day, End Of Week
- iPhone, iPad, Android
About Option FM
While many might consider Option Financial Markets (OFM) to be a relatively new binary options broker, they have quickly established themselves as a leading brand in the industry. The company recently revamped their website and has ensured that all the services, features and tools required to trade effectively and profitably, can be found within their secure and transparent trading environment. In their commitment to assisting their clients to succeed, OFM has a professional and responsive customer support center and they also offer a choice of global assets to trade on their intuitive trading platform.
Option FM History
In March 2014, OFM opened their doors and started operating. The OFM operating company CEO, Jason Giannikides, says that the people who founded this brokerage were a group of traders, each specializing in a different investment area, with the common goal of making their combined expertise available to investors. Today, OFM’s objective is to provide the support and advice needed in order to ensure successful trading careers for their clients. With this objective in mind, they offer clients a range of trading modes with different asset choices as well as highly developed technical advice systems covering various analytical strategies coupled with a wide selection of expiry times. In addition, OFM offers a wide range of comprehensive educational materials enabling new traders to step into the binary options trading arena with ease.
In order to give traders peace of mind that they are trading with a secure broker, OFM is regulated by the International Financial Services Commission (IFSC) in Belize and this provides the assurance that the broker complies with all EU trading regulations. With this regulation, however, OFM is not able to not accept traders from the US.
Ooption.fm Account Types
At OFM, there is a clear understanding that no two traders are the same and for this reason, the broker offers seven account types. We can start with the Newbie Account which requires a minimum deposit of $250 and is ideal for novice traders to get the hang of binary options trading before moving on to the Start Up Account which is suitable for most traders with a minimum deposit of $2,500 required. Professional traders have a choice between the Entrepreneur Account with a minimum deposit of $5,000 and the Top Exec Account with a $10,000 plus deposit requirement. For the seasoned professionals, OFM has got you covered with either the CEO Account type requiring a minimum deposit of $25,000 or the Financier Account type which requires an initial minimum deposit of $40,000. The Mogul Account is for elite traders and requires an initial deposit of $100,000. Each account type has an increasing scale of benefits in keeping with the type of account opened. These include, for example, trade packages, trading manuals, rewards access, class a and b trades, enhanced return on investments, unlimited protected capital and much more.
Option FM Terms and Conditions
OFM also offers a bonus scheme where traders are entitled to a 100% welcome bonus under certain conditions and subject to the discretion of the account executives. The broker provides detailed information of their bonuses and they encourage all traders to make direct contact with them to clearly understand the terms and conditions of these bonuses before accepting the funds.
Option FM Withdrawal and Bonus Terms
OFM also offers a bonus scheme where traders are entitled to a 100% welcome bonusunder certain conditions and subject to the discretion of the account executives. The broker provides detailed information of their bonuses and they encourage all traders to make direct contact with them to clearly understand the terms and conditions of these bonuses before accepting the funds.
Option FM Demo Account
Option FM has no demo accounts. The closest a person can get is to sign up for a trial account and deposit $250. Option FM does offer a large supply of educational material that can help investors understand how to trade in binary options including a free eBook.
Option FM Scam Watch
OFM has proven to be a responsible and reliable broker who has been licensed by theBelize IFSC as a measure of its ethical standing and they are highly recommended as a broker. The State of Belize has been repositioning itself as a global financial center and as such, compliance with its Securities Commission rules implies a high standard of compliance. This is an indication that you can have every confidence in the integrity and reliability of OFM as a binary options broker. Before accepting any bonus money, please ensure that you read all terms and conditions carefully. In their commitment to assist traders worldwide in achieving trading success, OFM has proven to be professional and dedicated to their global clients and they are constantly striving to provide the best services and tools in the industry.
Option FM on Mobile
Option FM has created a mobile trading application. A trader can use their iPhone, android phone or tablet and perform trades while on the go. Option FM engineers are always working at making the system better. Some traders have claimed that the mobile system is slow and not as easy to use as the main version.
We will give Option FM a break on this, because it has only been a short time, and there are always bugs when developing a great binary options trading system.
Option.fm Review – Video Transcript
In this video, we are reviewing options financial markets. That’s coming up next.
Hi, guys. This is Chris Morton from BinaryOptions.net.au. And in this video I’m reviewing option financial markets.
So the pros and cons of option financial markets are– well, firstly, their pros. Their max returns are up to 91%, which is one of the highest in the industry. They also offer ladder options. They will have a huge range of banking options. And also you can trade for as low as $1 trade investments.
The cons are right now they don’t accept US residents.
So they’re based in One Canada Square in Canary Wharf in London. So they were founded this year. They are one of the newest brokers on the market. I really like the look at this broker. I think it’s got something new to offer. There’s the Australian number and UK number. And the email is [email protected]
So going over the account options. The returns are 91%, a minimum deposit of $250, a minimum investment of $1, and the maximum investment per trade is $8000. They don’t offer a debit account at this stage, and they don’t accept US traders. So you will expect to receive cashouts within 48 hours. Most of the time will be same day withdrawals. And you can trade in either US dollars, euros or British pounds.
So they have some account packages, based on how much you deposit on your first deposit. So we recommend depositing over a $1000 in the boutique package. That’s going to give you the access to 100% bonus. Plus you’re also going to have no fees or commissions on any of the accounts. And also you will expect to receive daily analysis on any of the accounts.
If you are after an account manager, you’re going to have to deposit over $5000. Plus also, have they also have an imperial package for people who can deposit over $25,000.
Their banking options are quite comprehensive. They have a number of deposit and withdrawal options. They have a number of eWallets, that I have them listed on this page. But here are the most popular ones, being credit cards, wire transfer– being credit cards, wire transfer, Neteller, POLi, Paypal, Skrill, cashU, uKash, and Western Union.
So their software is on the industry leading Spot Option software. Their following expiring times are 30 seconds, 60 seconds, two minutes. Also 15 minute, 30 minute, one hour and one day, and seven day. They don’t have an iPhone or Android app at the moment. You can also trade via a tablet.
So their options are the vanilla High/Low options, the traditional options, and also ladder options. They offer all the major assets in the Forex pairs, commodities, indices and stocks. And the trading clock is in GMT time.
So when you first go to the training platform in Option.fm, this is the default layout. Very clean and simple design they’ve gone for. The traditional options are the default view. Then you have your long term options, which go out to seven day expiries. The 60 second options, which also include your 30 second and your two minute options. And also your ladder options.
You can also sort your assets by clicking on this menu here. So if you just want to focus on currencies, so then this list is sorted just by currencies. If you’re only after commodities or indices, then this asset list is sorted by just indices.
OK, so we’re on the ASX indice right now. As I mentioned before, the local clock is in GMT time. Just be aware of that, when you choose your expiries. So the next available expiry is going to be 30 minutes from now. Like I mentioned before, your minimum trade is $1, so once you put your trade size, it’ll let you know your potential payout. So this is 71% payout. So if you put in $100, we’ll get $171 back.
Then the next step is to choose either your direction. So either a call or a put. You can also sort the stock chart into various time frames, from 30 minutes all the way up to 12 hours.
Another sorting option, you can also sort the different assets into different views, depending on what you prefer. I actually prefer this one. I think it looks quite good. I need to see the stock chart there. There’s also this view. And if you are focusing on just one asset, there’s also– you can maximize it. So you can have everything you need right there on your screen.