One of the things that traders will realize after signing up to OFM’s platform is that the broker offers an unusually diverse selection of over 200 global assets. When combined with the 3 trading modes available on their SpotOption trading platform, it is simple for traders to make profitable predictions on both long and short term positions. There are no fees or commissions charged on individual trades.
When in the classic Binary Options mode that most traders are familiar with, it is possible to earn relatively large profits within a short time. The trader only needs to choose the asset they want to trade in, enter an expiry time, whether the asset price will expire higher or lower than its current price and how much they would like to invest. If their trade ends ‘in the money,’ they instantly earn a profit of 70% to 90% of their initial investment. This trading mode is popular because its straightforward mechanics make it simple to master.
For traders with a longer-term vision of a particular market segment, the Long Term trading mode is an ideal choice. The expiry times that OFM offers for this mode could stretch as long as 9 months from when the ‘Call’ or ‘Put’ option was selected. Offering long term and short term options allows traders to diversify their trading portfolios and to maximize their potential profits.
For traders looking for something more exciting, the platform’s 60 Second mode will get their adrenaline pumping. Similar to the classic Binary Options and Long Term modes, a trader chooses whether the asset price will have risen or dropped by expiry. However, while these modes require the trader to wait an hour, day or month to find out if their prediction is correct, the 60 Seconds mode allows the trader to choose expiry times of 30 seconds, 60 seconds, and more. This means that traders get nearly immediate confirmation of whether their trades are ‘in the money’ or ‘out of the money.’ It is hard to find a financial investment with quicker returns. Option.FM supports auto trading. Read more about it.