Option.FM Broker Review ¦ Binary Options Broker South Africa

Best Binary Options Brokers: 2020 Ranking
  • Binarium
    Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

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 Ranking
  • Binarium
    Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

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.

24option Broker Review

24option General Info

24option is one of most recognized and reliable forex and CFDs brokers in online trading industry, now available in South Africa too. One of rare brands that also accept ZAR deposits!

We had a pleasure reviewing them and offer our readers an objective overview of 24option trading platform. In our 24option review you can get closer insight of available trading features.

Owned by Rodeler Limited, 24option review is present in the options industry since 2020. In 2020 they expanded they offering with CFDs and Forex making them complete. Eventually the binary options offering was ditched in favor of CFDs which enable better terms for traders since they dont need expiry time enabling customers to close trades when they want without penalties. The new platform for FX and CFDs is super intuitive and most traders will find it easy to trade on this global market.

Below, you can find out more about:

24option Trading Platform

Trading software, used by 24option is MT4 and the Web Trader . Known for its high security level, platform is easy to use and present no difficulties for South African traders. With a modern visual appearance, 24option is an excellent choice for traders to join this trading platform and start online trading journey. This broker offers its trading platform to traders worldwide, including traders from South Africa.

To start trading with 24option, minimum deposit is $250 and leverage i 1:400.

Investment amount range from 0.01 lot per trade. South African traders are enabled to open accounts with EUR, USD and GBP.

24option Trading Features

In 24option review, we found out they have available a wide range of trade options, which include all kinds of underlying assets to base CFDs on.

These trade options are combined with different features like stop loss and others. To their traders from South Africa, 24option review offers a wide range of underlying assets, which we can divide in stocks, commodities, currencies and indices. To be more specific, this broker offers on trading platform 43 stocks, 11 commodities, 30 currencies and 19 indices. Trading hours with underlying assets are Mondays to Fridays from 5 a.m. to 10 p.m.

24option have available several different and yet useful trading features, that can help traders maximize their trading experience. Features like mobile trading and demo account are excellent tools that show effort of this broker to give its best to ensure traders an alternative trading experience.

Mobile trading is for sure very convenient for all South African traders. With the use of mobile app it is possible to trades on mobile platform also.

24option mobile app is compatible with iOS system and Android devices also. Traders can place trades on a wide range of underlying assets also on mobile platform.

With such a possibility, traders no longer have to use regular platform, now they can everywhere and still be able to continue trading CFDs. Mobile app can be used on smartphones and tablets, as well as on computers.

The second great feature offered by 24option review is demo account, that has shown to be extremely useful for all levels of traders, especially for those who have just joined the 24option trading platform.

On demo platform, traders can see how it actually looks like when you trade CFDs. Great thing regarding demo is that is risk free, because you don’t invest your real money, it is only virtual one.

This way, 24option enables traders in South Africa to practice and use some of trading techniques and strategies to see will it turn out to be successful or not. Later on, when you feel confident enough in your trading skills, you can just switch from demo trading to real one and place trades in numerous underlying assets.

On trading platform, as visible in 24option review, we have seen one of the best Education Center in the forex industry.

A variety of tutorials, videos, ebooks and many more are available in our 24option review. Traders with different trading knowledge can use these trading tutorials.

This education support presents an excellent feature for both beginners traders and professional traders, due to the fact that multiple trading materials are offered for basic trading and also, advanced trading. South African traders can check 24option’s blog and see the latest market news, based on current market situation.

24option Trading Accounts

With 5 available account types, no one can actually say that 24option doesn’t provide traders with a choice.

Based on minimum deposit amount invested and other trading features and services, all these account have their differences. More detailed info please read below in 24option review:

24option Basic Account

In this account type, South African traders can find a lot of trading tools and options to be used in the trading process. They include leverage up to 1:200 (a feature which assist traders to achieve higher impact while having smalller amounts of money).

South Africans also have access to three types of spreads for different currency pairs; exotics, majors and minors. Entire trading process can be done on web-based platform as well as MT4 platform. We also discovered in 24option broker review how they provide One-click trading feature which enables traders to execute trades faster than before.

24/7 customer support service is included in 24option Basic account, alongside with one free withdrawal per month. As part of Basic account, Trading Central (basic) is also included as a powerful analyzing tool to use.

24option Silver Account

In 24option Silver account, South African traders have on disposal same trading techniques and instruments as in Basic account. They include: leverage up to 1:200, spreads (3, 4 and 7 pips), one click trading option, mobile app and customer support agents which are available 24 hrs per day.

Traders can get one withdrawal per month free of charge, as well as opportunity to use Trading Central. Also, this trading account includes trading alerts about upcoming events which are generated in real time. In Silver account type, Personal Coach is included for traders to contact him regarding any trading question.

24option Gold Account

In our 24option broker review, we noticed how Gold account is marked as the most popular trading account, in comparison with other ones. This account type included all trading options and feature as seen in Silver account type.

The only additional tool is possibility to receive trading signals via smartphone or sms. Just as with Silver account, traders in South Africa are able to get help from dedicated account manager, have one free withdrawal per month, features such as mobile app, one-click trading etc.

24option Platinum Account

What South Africans get with Platinum account seems as a wide selection of trading tools and services, which can assist traders into having better financial results while trading online.

Platinum trading account includes: leverage up to 1:200, major, exotics and minor spreads, mobile platform version and one-click trading. There is no withdrawal fee meaning how traders can withdrawal whatever number of times they want.

Traders have option to contact dedicated Personal Coach or support agents who are available 24/7. Also, it is possible to recieve trading alerts in real time, get them via sms or email. In this Platinum account, traders can learn from website research, just as having access on live training sessions.

24option Diamond Account

Diamond account presents itself as the most equipped trading account of 24option broker. This account type includes same trading instruments and features, which can be seen in Platinum account. Addition to this list are Juventus tickets if traders qualify for them and one special option; customized trading platform.

This is an excellent opportunity for South African traders who want to adjust the platform to satisfy their needs and meets standards in order to have more successful trades.

24option Customer Support

To have a good and up to date customer support is important when trading online.

After writing 24option review, we believe that traders from South Africa will be happy to know there are multiple ways on how to contact 24option. First of all, we would like to emphasize how 24option platform is available on many different countries for their traders around the world.

This includes English, Spanish, French, German, Russian, Italian, Danish, Swedish, Finnish, Japanese, Korean, Romanian, Portuguese, Arabic, Turkish and Indonesian.

Traders can reach 24option agents through email on [email protected] , live chat and via telephone for 21 countries worldwide, including South Africa on +27 10 500 8042.

Customer support agents are available 24/7 and we had a positive experience with provided feedback during our 24option review.

24option Banking Info

Main goal of 24option review is to provide South African traders the opportunity to expand their trading experience within a fast trading, regulatory environment.

Security is very important in trading process because it ensure traders to have a safe trading experience, especially visible during depositing or withdrawing money.

24option offers traders many available payment options, including debit and credit card payment, bank wire and e-wallets.

Available cards that can be used when depositing and withdrawing funds are: Visa, Visa Electron, Mastercard, Dankort, Diners Club, JCB, Discover Card, Cartasi, Liberty Reserve and Laser. From e-wallets, available payment providers are Skrill Moneybookers and Neteller.

The latest announcement arrived from PaySafe Group, who own PaSafe Card as an alternative payment method. In March 2020, they decided to join FTSE 250 Index and expand their investor net more and continue to provide services to traders in South Africa who use PaySafe Card as a way to deposit or withdraw funds.

Before money withdrawal, certain documents should be submitted. That includes proof of address, copy of photo ID and a copy of credit card, if it is used in the trading process (only last 4 digits visible).

It takes up to 5 business days until the money is visible on the trader’s account.

Minimum withdrawal is $250 and traders should know that the same currency chosen in deposit process, has to remain the same in the withdrawal process also. When withdrawing funds, 24option charges fees and amount depends whether traders use credit cards (3.5%), Skrill Moneybookers (2%) and bank wire ($30).

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.

Best Binary Options Brokers: 2020 Ranking
  • Binarium
    Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

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