A great deal of effort has been put into the creation of SpotFN, and it shows. The website itself is beautiful, the trading platform is incredibly powerful yet simple to use, and the customer service is impeccable. Although there are a few things lacking at SpotFN.com, it is clear that the team behind the SpotFN broker really care about their traders, and are completely up front and honest while trying to provide the best experience possible.
Software and Features
Powered by the advanced SpotOption online trading software, SpotFN offers one of the best options trading platform out there. Not only is the SpotOption platform available online, but SpotFN iOS and Android apps are now available as well for trading on the go. The platform is clean and straightforward while simultaneously full of great features. The website at SpotFN.com looks amazing and everything is easy to find and presented without any secrecy. One disadvantage is that there is no demo account for newbies, and the educational resource center is smaller than those on other brokers. Additionally, live support online or via telephone is available around the clock, but only five days a week and only in a few languages.
Option Types Offered
The motto of Spot FN is ‘Giving traders endless possibilities’ and with more than 100 underlying assets available to be traded with 60-second options, digital options, one-touch options, ladder options, and with an Option Builder, they certainly deliver. Payouts are generous as well, with in-the-money options returning as much as 88%, while losing options come with refunds as high as 10%.
Account Types Offered
Four different types of accounts are offered at SpotFN.com, each with its own set of benefits and SpotFN bonus. At the time of our SpotFN review, the Novice account was for traders with balances less than $1,000 and had a 30% bonus along with standard functionality. However, SpotFN is aiming for bigger traders with its Competent and Proficient accounts which come with higher bonuses, risk-free trades, individual account management and signals services. The Expert account is only for those with more than $10,000, and is completely personalized to each trader. Deposits and withdrawals are possible through major credit cards and wire transfer services.
Spot FN is working hard to build a trading platform which appeals to veteran binary options traders. The lack of a demo account and educational materials means that SpotFN.com might not be the best broker for novices, but the large bonuses and payouts along with the power of the trading platform are certainly things that professional traders will find attractive.