Option.FM Broker Review ¦ Binary Options Broker South Africa

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Option.FM Broker Review

Option Financial Market (Option.FM) is one of the recent brokers in binary industry, established in 2020.

This brokerage company is owned by Option.FM Ltd. We decided to review this broker because they’ve managed to build up a name in binary options trading in a short span of time.

For more about this broker and available trading tools and services, read our Option.FM review below.

Option.FM Trading Platform

This broker uses SpotOption as the chosen software for binary options trading. With SpotOption, navigating over the site is simple and straightforward and can be used without difficulties for both new and experienced traders.

Our Option.FM review shows that minimum deposit is $250, while minimum investment per trade is set to $1. Maximum investment is $8000. With Option.FM, bonus can go up to unlimited amounts and returns up to 90%, which is very attractive amount for traders in binary industry. Accepted currencies are: EUR, USD and GBP.

Option.FM Trading Features and Services

To trade binary options, traders should select preferred trade option and time of expiry of particular option. Option.FM reviews shows how South Africans can choose among following trade options, such as 60 Seconds, High/Low, One Touch, Ladder Options and Long Term. Available expiry times are: 30 s, 60 s, 2 min, 30 min, 1 hr, 24 hr + and end of day.

Traders would be happy to know that they can trade with more than 200 assets, which cover currencies, stocks, commodities and indices.

Option.FM offers bonuses as a way to attract new traders and offer more benefits to existing traders. Highest available bonus as we discovered in Option.FM review can be unlimited.

Traders can also accept welcome bonus of $100 and with minimum deposit of $250, balance can automatically change to $500. We advise traders to read bonus policy to get accurate information regarding bonuses and bonus withdrawal terms.

Another widespread Option.FM feature is mobile app. Option.FM offers traders in South Africa a mobile application that simplifies in grat amount traders’ experience while trading binary options. To get this app, traders can download it from App Store and Google Play.

Option.FM mobile app is very useful because it allows traders to trade from anywhere and it is often used by busy traders who are on the go. This app can be used also on tablets and smartphones.

Option.FM Trading Accounts

Option.FM broker offers traders a selection of even 7 different account types, each one with special features and characteristics. Below in our Option.FM review, you can get detailed information of available accounts.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

Option.FM Newbie

  • minimum deposit $250 +
  • trading manual

Option.FM Start-Up

  • minimum deposit $2500 +
  • trading manual
  • access to OFM Rewards Tier 5
  • education materials level 1
  • trading packages

Option.FM Entrepreneur

  • minimum deposit $5000 +
  • trading manual
  • access to OFM Rewards Tier 5+4
  • education materials level 2
  • trading packages
  • limited protected capital

Option.FM Top Exec

  • minimum deposit $10000 +
  • trading manual
  • access to OFM Rewards Tier 5+4+3
  • education materials level 3
  • trading packages
  • unlimited protected capital

Option.FM CEO

  • minimum deposit $25000 +
  • trading manual
  • access to OFM Rewards Tier 5+4+3+2
  • education materials level 4
  • trading packages
  • unlimited protected capital
  • class A and B traders
  • enhanced investment return

Option.FM Financier

  • minimum deposit $40000 +
  • trading manual
  • access to OFM Rewards Tier 5+4+3+2+1
  • education materials level 4
  • trading packages
  • unlimited protected capital
  • class A and B traders
  • enhanced investment return
  • suited trading portfolio

Option.FM Mogul

  • minimum deposit $100000 +
  • trading manual
  • access to OFM Rewards Tier 5+4+3+2+1
  • education materials-unlimited
  • trading packages
  • unlimited protected capital
  • class A and B traders
  • enhanced investment return
  • suited trading portfolio
  • vacation packages

Option.FM Customer Support

During our Option.FM review, we discovered that this broker offers traders several different ways of how to contact them. Their available email is [email protected] and traders can also use live chat and phone.

Phone numbers are available for following countries South Africa (+27 105 003 770), UK, New Zealand, Australia, France, Germany and Canada.

It is important to mention that customer support is available 24/7 for all traders.

So far, traders can only use English version of trading platform. However, we noticed in Option.FM review that FAQs are not implemented in this platform. We hope traders will soon be able to use this feature because it is a quick way to get answers on any relevant topic in the trading process.

Option.FM Banking Info

Our Option.FM review showed us that traders in South Africa can be relaxed knowing that trading binary options with Option.FM is safe and protected.

They use 128-bit SSL technology, that encrypts personal and financial data of their registered traders. For more on security of this platform, traders can click on Security and Privacy and Compliance and AML tabs.

Under Secure Banking on trading platform, South African traders can find detailed information on how to deposit and withdraw funds from the trading account. Option.FM accepts payments done via debit and credit cards, bank wire and ewallets:

  • cards – Maestro, Mastercard, Visa, Visa Electron and American Express
  • bank wire
  • ewallet providers – QIWI, Yandex, WebMoney, PaySafe Card, SafetyPay, Boleto, Moneta.RU and AstroPay

Withdrawing funds from Option.FM account is also safe and yet simple. To be able to execute withdrawals, traders have to submit a withdrawal request. In case of any questions, they can contact their customer service on [email protected] .

For withdrawals done through debit or credit cards, it can take up to 5 business days for this broker to process the request and extra 2-3 days for money to arrive on traders’ account.

Minimum withdrawal amount is $100 and they do not charge any fees regarding funds withdrawals.

To start withdrawal process, traders should click on My Account tab in upper part of the platform and choose Withdrawal request. Afterwards,, they have to select preferred amount and currency and that’s it. After withdrawal request in accepted, traders will be notified via email.

Option.FM Broker Review 2020

With a popularity of binary options industry and constant growth of binary brokers on South African market, new broker became available for all traders, residing in South Africa; Option.FM.

Option Financial Market (Option.FM) is established in 2020 and operated by the Option.FM Ltd.

We reviewed this broker to test their platform and learn more about trading features and how South Africans can benefit from trading with Option.FM.

Below, you can read more about this broker in our Option.FM broker review which will provide traders with plenty of useful info and tips.

Option.FM Trading Platform

As discovered in Option.FM broker review, SpotOption is software they use for trading binary options. When traders are in search to find relevant information, they can navigate over easy to use platform. This is especially important to traders beginners who are about to start their binary trading journey.

Required minimum deposit with Option.FM broker is set to $250 with returns up to 90%. Lowest investment is just $1, while maximum investment is $8000. This broker also offers bonus, but it is advised to always check bonus policy. Option.FM accepts following currencies: USD, EUR anf GBP.

Option.FM Trading Features and Services

Option.FM offers a selection of different trade options to registered South African traders, such as 69 Seconds, One Touch, High/Low, Long Term and Ladder Options. Traders can also choose between following times of expiry: 30 s, 60 s, 2 min, 30 min, 1 hr, 24 hr + and end of day.

According to our Option.FM broker review, South African traders are able to choose between 200 different assets, including currencies, commodities, stocks and indices. Option.FM broker offers traders a welcome bonus of $100 to get them started.

As a great way to be accessible, Option.FM launched mobile app to their registered traders. With mobile platform, South Africans are able to access this platform via smartphones and tablets and also use it on Apple and Android devices.

Option.FM app is mostly used by busy traders who don’t have enough time to trade only via computers, but they want to have possibility to trade from anywhere.

Option.FM Trading Accounts

Option.FM broker review shows how they offer exquisite list of 7 account types, including accounts for beginners and advanced traders. Check below detailed information about each trading account and its characteristics.

Option.FM Newbie account

  • Deposit $250 +
  • Trading manual materials

Option.FM Start-Up account

  • Deposit $2500 +
  • Trading manual materials
  • On disposal OFM Rewards Tier 5
  • Education – level 1
  • Trading packages

Option.FM Entrepreneur account

  • Deposit $5000 +
  • Trading manual materials
  • On disposal OFM Rewards Tier 5+4
  • Education – level 2
  • Limited protected capital
  • Trading packages

Option.FM Top Exec account

  • Deposit $10000 +
  • Trading manual materials
  • On disposal OFM Rewards Tier 5+4+3
  • Education – level 3
  • Unlimited protected capital
  • Trading packages

Option.FM CEO account

  • Deposit $25000 +
  • Trading manual materials
  • On disposal OFM Rewards Tier 5+4+3+2
  • Education – level 4
  • Unlimited protected capital
  • Trading packages
  • Class A + B traders
  • Upgraded investment returns

Option.FM Financier account

  • Deposit $40000 +
  • Trading manual materials
  • On disposal OFM Rewards Tier 5+4+3+2+1
  • Education – level 4
  • Unlimited protected capital
  • Trading packages
  • Class A + B traders
  • Upgraded investment returns
  • Suited portfolio

Option.FM Mogul account

  • Deposit $100000 +
  • Trading manual materials
  • On disposal OFM Rewards Tier 5+4+3+2+1
  • Unlimited education materials
  • Unlimited protected capital
  • Trading packages
  • Class A + B traders
  • Upgraded investment returns
  • Suited portfolio + vacation packages

Option.FM Customer Support

In Option.FM broker review, we learnt how this broker provides possibility to contact their support via email [email protected], live chat and phone.

South African traders can dial +27 105 003 770 to get in touch with Option.FM customer support.

Other phones are available for: UK, France, Australia, Germany, Canada and New Zealand.
Their support agents are responsive and it is important to emphasize how support service is available 24/7.

In case traders want to find more information about the trading platform and available service, they can How to? Tab where info about depositing/withdrawing and trading basics will be provided.

Option.FM Banking Info

Option.FM provides their registered traders with a secure trading platform, guarding their financial and personal data. To ensure high security standards, Option.FM broker uses 128 bit SSL encryption technology to protects traders data for them not to be revealed to the third party.

To know more details about security, South Africans can check Compliance and Security & Privacy tab.

This broker accepts payment via different sources, such a e-wallet providers, bank transfer and debit/credit cards.

Accepted cards are: Maestro, Mastercard, Visa Electron, Visa and American Express. We were surprised to see how many e-wallets does Option.FM accept, such as WebMoney, QIWI, Boleto, Yandex.Money, PaySafe Card, SafetyPay, Moneta.ru and AstroPay.

Regarding withdrawals, South Africans first need to submit a withdrawal request. Traders should enter preferred amount to withdraw and currency. Once the request is completed, traders will get confirmation email.

Withdrawals executed via cards usually take up to 5 working days to be processed (request) and additional 2 days for funds to be on the account of registered traders.

Option.FM Broker Review ¦ Binary Options Broker South Africa

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: Not Recommended. Check out BDSwiss Broker review . 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.

Account Details

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.

Customer Support

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.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

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