FMTrader was established in early 2013. They have recently undergone an overhaul of there management and customer service. Our tests as well as customer feedback since the changes have been made have been favorable. They have applied for a CySEC license and as per regulations they are no longer accepting US traders. They have improved the level of security over customer deposits as well as improved efficiency with regard to withdrawals. As per all the positive changes we have added FMTrader to our list of Approved Brokers.
Summary of our FMTrader Review
| Platform Overview | |
|---|---|
| No. Assets | 140 |
| Asset Classes | Stocks, Currencies, Commodities, Indices |
| Trading Features | Call/Put, One Touch, 30 Second, 60 Second, 120 Second Options, Long Term Options, Pair Options, Roll Over, Double Up, Sell Early |
| Software Platform | SpotOption |
| Trader Information | |
|---|---|
| Payout % | 89% |
| Minimum Deposit | $250 |
| Minimum Trade | $25 |
| US Friendly | No |
| Regulation | In Process (CySEC) |
| Bonus | Up to 100% |
Customer Service: Their support team is available 24/7 via Live Chat and phone support in 6 languages. We found them very helpful and responsive when we contacted them.
Deposit/Withdrawal: Deposits can be made via most credit/debit cards, wire transfers, Skrill MoneyBookers and CashU. Withdrawals are processed within 1-5 Business days. Credit/Debit withdrawals are up until deposit amount. Profits are sent by wire transfer.
Trading/Execution: Trading and execution was satisfactory.
Features: FMTrader has wide array of trading features including 60 second options, one touch, option builder and pair options. They also have in trade features such as double up, roll over and sell early.
Trading Education and Market Data: FMTrader offers a free eBook as well as a complete video training center for binary options and general trading. They also offer free Webinars and daily market news
FMTrader Home Page
Is FMTrader a Scam?
FMTrader began operations in early 2013. Initial feedback was not favorable. They changed their management and customer service about 6 months ago. Our tests of the platform under the new management has been excellent. Recent customer feedback has also been positive. They are now placing an emphasis on customer service as well as training and support which seems to indicate that they are focusing on the trader’s needs. The are in the application process for a CySEC license. As per the strict guidelines they have upped the level of every aspect of their operation. At this point we can comfortably state that FMTrader in not a Scam.
FMTrader Mobile App
FMTrader offers downloadable trading platforms for both Android and IOS. The applications duplicate all of the features of the regular trading platform. The mobile app provides a great opportunity to trade binary options on the go without having to worry about missing any trades.
