First of all never willing to settle, founders of Option FM have envisioned a trading experience that combine the best tech with a unique vibe. So innovative industry professionals, whose experience in the binary options industry led them to the creation of a revolutionary trading platform, are the ones behind the startup. Relatively new to the market but gaining the respect and trust of traders worldwide, it’s safe to say that Option FM has quickly placed itself at the top of the industry.
Note: We are still not certain on the reliability of this broker as our experience has been fine. However readers have been advising of some bad experiences. Kindly comment on your experience with this broker to help others.
- Regulation: Yes.
- Min deposit: $250
- Refund / Return: Maximum 91%
- Assets: Over 200
- Demo account: Yes
- Mobile app: Yes
- US traders: Not accepted
New and Experienced Traders are Welcome
So no previous experience is necessary to trade with Option FM South Africa. The platform is accessible and dynamic, and offers traders a diverse pool of assets, and a great way to invest in what interests them the most.
In addition keeping with the straightforward and modern vibe of the company, versatility was the key when designing the platform. So traders can enjoy the best the market has to offer with over 200 tradable assets.
On the platform, assets are divided into four categories, all suited for the ultimate trader: Stocks, commodities, indices and currency pairs. These are universal signs the market. With so many assets, any trader can pursue the trading style of their choice.
Beyond the choice of assets, Option FM South Africa offers traders three trading methods to suit anyone’s needs and personal style. Traders can choose between the traditional binary options trading, long term trading, and sixty seconds trading.
Another advantage of using Option FM is the high payout rate. Successful traders can get payouts that vary between 70% and 88%. All the while, the platform remains colorful and easy to comprehend.
So to take the first binary options steps with OFM, traders need to open an account. Opening an account carries no cover charges or spread. The site offers seven account types, depending on each client’s wishes to commit. The account types offer slightly different benefits, each building upon the accounts types before it.
- Newbie account, in which a trader is required to deposit a minimum amount of $250 in order to start trading.
- Start-Up account, which is the most popular account type among OFM’s traders, will require a minimum deposit amount of $2,500.
- Entrepreneur account is the best fit for experienced traders. This type of account involves a minimum deposit of $5,000.
- Top Exec account requires a minimum deposit amount of $10,000.
- CEO account is the account type for top traders who know the ins and outs of the financial world. The minimum deposit amount needed in order to open such an account is $25,000.
- Financier account requires a minimum deposit amount of $40,000.
- Mogul account is at the apex account of Option FM South Africa. It requires a minimum deposit amount of $100,000.
So even though all account types require a minimum amount of deposit, trading itself can start at $1. Clients can finance their accounts by credit card, wire transfer, or any other third party payment method.
Withdrawal of funds is similarly simple, however for security reasons, withdrawals must be conducted through the same method as the deposit.
So seems like Option FM founders have created the company with their customers in mind. Also the company is known for its excellent customer relations services. Each and every client can count on having the support of dedicated and professional staff to assist with any issue that may arise.
OFM’s commitment to its clients can also be seen in the benefits it offers to traders.
Furthermore the company also offers a multitude of educational tools that give insight into market movements and trading strategies.
So customers can also count on OFM’s superb security measures. The platform utilizes a secure socket layer encryption technology that ensures each movement is completely secure. Especially relevant is the company goes above and beyond to make sure that its clients’ privacy and identity remains protected.
To conclude the young and innovative spirit that guides Option FM South Africa has made it stand out in the market.