Option.fm Binary Option Broker
We have found out that Option.fm has shut down their operations.
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When we find a broker that is popular in every place in the world it is traded then it most certainly is time to do a review on that broker; Option.fm is a broker that fits into this category. It is an online binary options broker that started in 2014 and did it the right way by hiring employees in key positions that that had vast amounts of binary options trading experience and also employees that were experienced in web based market trading. That combination has quickly moved them into position to be one of the top brokers online today.
Despite the fact they are a newer broker, they have managed to use their employees experience and a great web platform to satisfy the many investors that trade with them. They have a system in place that greatly enhances the rate of successful trades for those that trade binary options with them. They do this by being innovative and providing their many investors with the tools necessary to make sound binary options trading decisions. That is why so many investors are now choosing Option.fm to trade with.
This broker offers a variety of different account types to choose from that will help both beginner and veteran traders be successful. They back all this up with an outstanding customer service team. The customer service team is led by a group of people that are friendly, knowledgeable and have been around the binary options trading world for a long time. Your questions and concerns are always answered by the customer service department as quickly as possible and you should have an answer within 48 – 72 hours at the latest.
Of course like any customer service department they always try to serve you right away but they have peak times where this is not always possible. We think if Option.fm added an informative FAQ section to the things they offer they could take some of the pressure off their customer service personnel. It is somewhat surprising that a quality broker like them does not have a FAQ section at all. Hopefully that is something this broker will add soon. With that being said, you still have the option of contacting them by phone and live chat. Given how new and progressive Option.fm is we would expect them to make corrections in this area soon.
One of the best features on Option.fm is a trading platform that is well designed and includes a wide variety of features that will improve any of their investors chances to be successful. They have built a platform that is not only easy to use and understand but also has some unique customizable features. It is nice to be able to incorporate some of your personal preferences into the web platform you are doing your trading with.
The web platform offers six different types of options that the customer can choose to place their trades with. When using the trading platform, Option.fm’s many investors will find it easy to navigate around the website by using the convenient drop down menus provided. The excellent user interface will get a trader to exactly where they want to be on the website very quickly. Placing a binary options trade can be done very quickly with just a few points and clicks with your mouse also. Included in the platform layouts is a chart which lists your current trades in progress so you can keep track of how you are doing as you use the website.
That is only just the beginning of what makes this web broker excellent to trade with. They provide those that trade with them the option of downloading their convenient mobile app to their smart device or mobile phone. It takes your trading to a whole new level because then you can make new trades and check on existing ones too from anywhere you are. It is a great way to stop and check the information on the website for the latest financial news and current market trends. It is one of the main attractions for customers to come trade with Option.fm.
There is a generous list of assets to trade on also and these can be accessed easily from the drop down menu as you are placing your trades. If you want to see how easy it is to place trades and insert the various assets into them you can ask for a demo account from Option.fm. It’s nice to be able to practice on a demo account before doing any trading on the real trading platform. It has the advantage of learning how Option.fm works and getting comfortable with that until you are confident to start trading and risking your hard earned money. Put a check mark by yet another great feature that Option.fm has to offer those that trade with them.
Option.Fm Minimum Deposit
Signing up with Option.fm is easy to do and just takes a short time. As with all binary option websites they require a small minimum deposit to open an account and start trading. Option.fm decided to keep their deposit at a low level of $250 so that would enable most anyone who wants to trade to be able to sign up with then and do so. Of course you also have the option to deposit more and are encouraged to do so to take full advantage of signup bonuses and be eligible for higher account levels with more features. Once you fill out a simple questionnaire to verify your identity and your deposit has been confirmed with your funding source, you can then start trading.
Each account level has a different minimum deposit required in order to be placed in that level. Be sure to choose one that both meets your trading needs and also fits your budget. You also have to consider if you want to trade for a long time or just test out binary options trading; there is no point making a big deposit if you are just looking to try binary options trading. There are currently four available account types. Beginner traders will probably want to start out which only requires a $250 dollar minimum deposit to sign up and start trading with Option.fm. More experienced traders will most likely want to put down a higher initial deposit amount so they can have access to the extra features that the Boutique, Imperial and Executive level accounts have to offer. Remember, as was mentioned, the more money you deposit initially the higher level account you will be placed into and the more features of the website you will receive.
Registering is an important part of the process because this is what keeps your trading account safe and secure and also verifies your identity. It still only takes a short time to complete all the information that Option.fm asks for. You will have to give them such things as your name, e-mail and mailing address. You will also be asked to confirm your identity by sending a scanned copy of a government issued ID. This not only helps Option.fm fill their requirements but also helps to keep your account safe and secure while you are trading with them. You will have a lot of peace of mind that your sensitive information is being kept safe as you are trading with Option.fm.
Here is a quick overview of the different types of accounts on Option.fm:
- TRIAL ACCOUNT
This account requires the absolute minimum deposit on Option.fm which is $250. This account is specifically designed for those who are new to binary options trading or those that want to try the website before depositing a lot of money. This account level features access to the analysis of current market trends and a tutorial overview of the trading platform. It has one big drawback and that is it is not supported by customer service; a little odd but true at this time but hopefully that will change. There is a smaller signup bonus available when you start with this account.
- BOUTIQUE ACCOUNT
This account requires a minimum deposit of $1000 to be placed into it and start trading. It comes with all the features that you get with lower level accounts plus access to instructional eBooks and video tutorials. It is a great account level for those that have a little experience trading binary options and want to improve their trading skills. It also comes with up to a 100% signup bonus for those who wish to accept it.
- EXECUTIVE ACCOUNT
This account requires a minimum deposit of $5000 to be placed into it and start trading. It comes with all the features that you get with lower level accounts plus access to personal support and market trading signals at no extra charge. It is a great account level for those that have a little experience trading binary options and want to improve their trading skills. It also comes with up to a 100% signup bonus for those who wish to accept it.
- IMPERIAL ACCOUNT
This account is for serious professional traders and requires a minimum deposit of $25,000 to be placed into it and start trading. It comes with all the features that you get with lower level accounts plus you get access to a personal trading assistant, travel services, VIP raid information news and even comes with investment insurance. It also will yield the investor a 100% signup bonus for those who wish to accept it.
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Option.Fm Demo Account
There are few things that have enhanced binary options trading as much as the introduction of demo accounts. All those who sign up with Option.fm will have an opportunity to have a demo account made available to them. Demo accounts are very useful to help beginners learn the nuances of binary options trading before risking any real money from their account while trading; it will give you a lot of confidence in your ability to be successful if you are just starting out trading. They also help veteran traders get used to a new style trading platform without risking so much as a dime of their own money.
As we mentioned before Option.fm offers those who trade with them access to a convenient mobile app. It is a great way for their investors to check and place trades from wherever they may be that has access to an internet connection. You can be placing trades on your lunchbreak, your commute to work on the subway or in between breaks of your favorite sporting events. There is no more convenient way to trade binary options. It puts you in control of your trading and you are no longer restricted to just trading at home or at work. Mark it down as another great reason to sign up and trade with Option.FM.
It is this type of willingness to use the most modern technology available to enhance their website that has traders raving about the pleasant experiences they have had trading with Option.fm. We certainly would not be surprised if even more new technology is introduced to the website very soon as it becomes available in the marketplace. New technology helps to streamline the binary options trading process and also helps you to do trading in a more efficient and more productive manner. These are all great things if you want to be a successful binary options investor.
SO WHAT DO WE THINK?
If you are keeping score we have told you about a lot of great features that make Option.fm preferred choice in online brokers to sign up with and start trading binary options with. Their experienced staff has done what is necessary to build a website for you that has traders from all over the world being more successful at trading than ever before. You will have all the learning tools, different options, different assets to trade and a convenient web platform to trade on right at your fingertips. That is why it is a no brainer for us to confidently recommend you or anyone else to sign up and trade with Option.fm.
References and Further Reading:
1. Anonymous trading system with improved quote input capabilities (ER Howorka – 2001)
2. Stability of production networks in East Asia: Duration and survival of trade (A Obashi – 2010)
3. Yield curve predictors of foreign exchange returns (A Ang, J Chen – 2010)
4. Renminbising China’s foreign assets (YW Cheung, G Ma, RN McCauley – 2011)
5. An information approach to international currencies (RK Lyons, MJ Moore – 2009)
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