When it comes to Option.FM trading, this broker opted to use one of the best known trading software – SpotOption.
In doing so they made sure their registered South African traders get to do binary trading on a modern, user-friendly platform which allows for easy navigation and is also visually very attractive.
Various trading options such as Ladder, Long Term, 60 Seconds and High/Low can be used for trading together with a selection of expiry times.
List of assets available for Option.FM trading is also given on the platform. Assets are, as per usual, divided into four groups – commodities, currencies, indices and stocks. By clicking on each group a falling menu will open with a substantial list of all underlying assets and info pertaining to each.
Minimum deposit South African traders have to make in order to do Option.FM trading is $250 but the minimum amount needed to trade is just $1. $8000 is the maximum amount possible for investment and maximum return rate is 90%.
Currencies traders can use are EUR, USD and GBP.
As a regulated broker, Option.FM makes sure all financial transactions as well as all personal data exchanged is kept safe so they use SSL encryption technology.
Additional benefit of using Option.FM trading platform is in the fact that the offer both mobile trading app and special features such as interactive analysis and candlesticks.
Mobile app is an innovative manner of trading which allows uninterrupted trading process disregarding the traders’ location.
Interactive analysis provides details on asset prices while candlesticks allow for an overview of current situation concerning price direction.
Is Option.FM Regulated?
There are numerous benefits to trading binary options with a regulated broker, which does not automatically imply that unregulated brokers should be avoided at all costs. It comes down to obtaining info and doing a bit of research.
While Option.FM has not obtained official regulation status by some of the regulatory authorities, traders should know that they do provide all the necessary information concerning the way they do their business.
This is great news for the South African traders since this does provide more security for them and it also lowers the possibility that a broker might be a scam.
Moreover, if traders inspect Option.FM trading platform they will be able to find additional sections which are expected from a reviewd broker:
- Terms & conditions section
- Anti-money laundering section
- Withdrawal process section
- Risk disclaimer
Also, we are talking about a broker who also provides security in terms of financial and personal information which is exchanged between the two parties since they use SSL encryption technology.
Lastly, they also provide further info in their “How To” section which provides helpful information on binary option trading in the general but also goes into more specific areas such as depositing and withdrawing with Option.FM and on their expiry rates and assets.
South African traders will also be able to find an easily downloadable e-book and market news.
As expected from a well-known broker, Option.FM has customer service on hand for all addition questions.
Option.FM withdrawal is an action which can be done swiftly and without any complications.
What South African traders have to do in simply log into their Option.FM account, opt for “withdraw” and give the amount they wish to withdraw. The moment their Option.FM withdrawal process is finished an email will be sent to them with a notification.
As for the minimum amount traders are able to withdraw, with Option.FM that amount is set at $100 and the withdrawal is free of charge.
Bearing in mind the method of deposit, traders have to use the same one during Option.FM withdrawal too. The whole process can take between 5 – 7 business days since the broker takes all measures to check that all provided personal details are correct (Know Your Customer policy is applied).
Payment methods include the standard bank wire transfer as well as credit/debit cards like MasterCard, Visa Electron and Visa. Since they are gaining popularity, e-wallets such as: Yandex, SafetyPay, PaySafe Card, Qiwi, Moneta.RU, AstroPay and Boleto are also a possibility.
SSL technology is used on their platform making all financial and personal data safe. In case of any problems, South African traders are advised to contact Option.FM customer support service.
Is Option.FM Legit Broker?
Unsurprisingly, traders wanting to trade binary options are always wondering if they are dealing with a tested binary options broker.
Therefore, is Option.FM legit or not is a perfectly justifiable question.
In this case South African traders are dealing with a broker which hasn’t had any negative reports connected with its name.
Option.FM took all the necessary steps not only to provide utmost security on their trading platform by using Secure Sockets Layer encryption technology, but has provided South African traders with all the info they need to know.
Therefore, on Option.FM trading platform traders can find sections which go into specifics concerning terms and conditions, risk disclaimer which is clearly visible on their homepage but also has a separate section too.
Going over all these sections is advised to South African traders looking to do trading with Option.FM broker so as to learn all the important facts relating to this broker.
Knowing beforehand as much as possible will enable a satisfactory trading experience.