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Review of FMTrader

Details

Broker FMTrader
Website URL https://fmtrader.com/
Founded 2012
Headquarters London, UK
Support Types Live Chat, Support Mail
Languages Arabic, English, Russian, Turkish, Italian
Trading Platform In-development
Minimum 1st Deposit $100
Minimum Account Size $100
Minimum Trade Amount $25
Maximum Trade Amount $5000
Bonus Up to 100% first deposit bonus
Payout 90%
Free Demo Account Yes
Account Types Bronze, Silver, Gold, Platinum
Deposit Methods Visa, Mastercard, Bank Wire, Maestro, Cartebleue, Webmoney
Withdrawal Methods Visa, Mastercard, Bank Wire, Maestro, Cartebleue, Webmoney
Number of Assets 200+
Expiry Times 60sec, 2min, 5min, 15min, 30min, 1 hr, 24hr
Types of Assets Currencies, Stocks, Indices, Commodities
Option Types Binary Options, Option builder, One Touch, 60 sec, Pro trader
Account Currency GBP, USD, CAD, ZAR, JPY, AUD, RUB, TRY, EUR
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 4.4

Pros

  • Quick payouts
  • User-friendly interface

Cons

  • Doesn't accept US customers
History of FMTrader

Established in 2013, FMTrader is also known as FM Financial Trader. Owned by FM Marketing LTD, a Belize holding company, FMTrader is managed by a subsidiary company, Terapad Services Ltd. The trading company is regulated by the Belize International Financial Services Commission (IFSC). The primary company goal is to provide clients with a secure trading environment and provide total comfort. They want to provide piece of mind for their clients so they can focus on their main objective of trading. Their secondary goal is to create a level of trading services that rivals top brokers in their industry.

FMTrader has been operating in the capital market for almost three years. They serve as premier binary options brokers. They provide their traders with a high-quality, advanced, secure and manageable trading platform to enable them to fully profit from the vast potentials of the capital market.

The brokers employed at FMTrader are leaders in the industry and have extensive knowledge of the financial market. They offer direction toward top niche markets with the sole intent of optimizing investments for their clients and generating the highest possible profits. Through the guidance of the experienced brokers and the right trading tools, FMTrader believes every investor can learn how to trade effectively. Everyone has the potential to reap financial benefits regardless of his or her experience trading in the capital market.

Tools To Trade

Here are some of the tools provided by FMTrader to help investors get started:

• They offer training programs such as an online academy, video tutorials, e-book, index of terms every trader should know to be successful in the market
• One-on-one training by professional brokers to educate and equip their traders with the knowledge they need to become successful
• Daily and weekly financial reviews produced by their top analysts. These trading tools include the latest market news, easy to read streamed data in the form of graphs and charts, with the purpose of making clients fully aware of current market trends.
• Investment opportunities generated from the latest trading signals
• Over 200 tradable assets on their trading platform – allowing for traders to specialize in a commodity, currency, or divest in several channels. Platforms are designed to allow each trader to invest according to his or her personal preferences and they are continuing to work on adding new assets to their platform.

Advantages of FMTrader

FMTrader offers the SpotOption trading platform for access to trading. SpotOption is used by hundred of brokers and is one of the most popular in the trading industry. Traders will love this platform as it provides many trading features integrated into its platform. Its reliability is only exceeded by its outstanding technical support which is why brokers go with this trading platform. Effectively managing all vendor issues, SpotOption is running efficiently 99.99% of the time.

Another feature offered by FMTrader is their advanced trading charts. Clients can appreciate the efficiency of having the trading charts on their screen, either displayed as a line or candlestick chart. The flexibility of the charts also allows them to be framed in different time scales. Each option is a unique view that allows traders to have the best perspective of the market at any given time. Of course, there is the convenience of mobile trading apps which can be downloaded and installed on any mobile device. This gives traders access to the market on their personal time schedule and on the go.

One of the best features of FMTrader’s platform is their ladder trading strategy system. Traders can apply the trading ladder strategy from a single screen with just the click of a button. The ladder trading options offer multiple strike prices which a trader selects after his or her market analysis. In the past, with binary options, traders had to make several transactions quickly, making it almost impossible given the limitations of the older trading system platforms.

The advantages of the FMTrader platform include:

• A fully functional, user-friendly system, utilizing an intuitive touch screen to manage accounts easily
• Instant execution allows smooth and easy operations to open and close trades
• Access to trade history including expired options
• Outstanding functional assistance and support
• Live dynamic charts providing current information on global markets and constant updates on market trends
• Full access to the most profitable types of trades including exotic options, One Touch and 60 seconds
• Welcome bonuses for new clients to give them a head start
• Advanced mobile applications

In addition to these services, FMTrader has a dedicated customer service department. This first class service is available to answer any type of questions, not only quickly, but with an extensive amount of information. There are multiple modes of contact for the support group including live chat, phone calls, e-mail, and Skype.

Each transaction at FMTrader is performed with efficiency and impartiality. Keeping in line with their standard of efficiency, withdrawals are paid on time and ensure client satisfaction. New technology is constantly being adapted and incorporated into their system. These upgrades provide website and trade protection to ensure traders’ funds are fully secure. Advanced security measures combined with professionalism, dedicated service, commitment to fair trade, and honest service, allow clients to place the best trades and reap the biggest profits.

FMTrader’s Account Types

Four levels of accounts types are available through FMTrader. Each account comes with unique features that accommodate the individual needs of a growing trader.

Platinum Account

The platinum account comes with a daily market review generated by FMTrader’s top analysts. They are delivered directly by email. This level includes a free withdrawal process and FMTrader promises to never charge a service fee for any of their financial transactions. Platinum members receive a 40% starting bonus and enjoy trade risk-free. They have access to FMTrader’s online VOD and eBook. Platinum members receive a portfolio analysis twice a week from a personal broker. Develop a private trading plan that is tailored to meet your personal needs and be adapted to your schedule. Enjoy 3 separate 3-hour one-on-one private training sessions with your personal broker that includes a technical analysis and a fundamental lesson. Receive NFP trading sessions and analyze your trades before every NFP with your personal analyst.

Gold Account

Gold account members receive daily market reviews from the head analyst at FMTrader, directly to their email account as well as free withdrawals. Gold members receive up to a 40% bonus and have access to the online VOD and FMTrader’s eBook. Meet once weekly with your personal broker for your portfolio analysis and receive a private trading plan tailored to both you and your schedule. Receive 2 hours of one-on-one training from your personal broker which includes a technical analysis less and a fundamental lesson.

Silver Account

Silver account members are entitled to the daily market review via email from FMTrader’s head analyst. They also enjoy free withdrawals and no service fees for transactions. Silver members receive up to a 30% bonus and may have free access to FMTrader’s online VOD and eBook. They receive a once a week portfolio analysis with a personal broker and one hour of one-on-one training.

Bronze Accounts

Bronze account members receive the daily market review analysis from FM Trader’s head analysis and receive free withdrawals and no service fees for any financial transaction. Bronze members receive up to a 20% bonus and have full access to FM Trader’s online VOD and eBook.

Deposits and Withdrawals

FMTrader has a wide range of deposit methods to make the transfer of money convenient and easy. Their trading platforms are designed to fit the needs of each individual and include credit and debit cards, wire transfers, Skrill (Moneybookers) and Netteller.
Traders have the ability to choose from a large selection of currencies due to a place of residence or personal preference. The list of currencies currently available through FMTrader includes: USD, GPB, EUR, AUD, CAD, JPY, ZAR, RUB and TRY. The company is working diligently to expand the list of investment options for their traders.
The security of client funds is a top priority at FMTrader. The company utilizes state-of-the-art SSL encryptions to ensure that unauthorized persons will not be able to access funds that are deposited. Each client has a segregated account that is not used for any purpose but trading based on the investment channels and online platforms.

Wire transfers require a minimum of $500 USD. An emailed copy of the wire transfer receipt is required and it may take up to 5 days for the funds to appear in the FMTrader account.

FMTrader has designed a special unit in their financial department just to expedite withdrawal requests and assist clients in receiving their profits. There is never a charge for withdrawals and clients can release 100% of their profits at any time. There is a minimum withdrawal amount of $100 USD.

Requests for withdrawals may take 3 business days to process. Once a request has been submitted, the client will be contacted by phone and or mail to validate the request. The client must approve the request and once approval has been given, funds will be transferred in 5 to 7 business days.

It is recommended by FMTrader that clients prevent delays by verifying their account according to the compliance guidelines. These guidelines follow AML K.Y.C. recommendations and are implemented for the tightest security to ensure the prevention of identity theft, fraud, money laundering and terrorist financing. This heavily protected withdrawal process utilized the most advanced encryption protocols to ensure clients’ funds are protected and reach the designed account during the withdrawal process.

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