FMTrader Broker Review


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    Visit BrokerRisk Warning: Your capital may be at risk


    πŸ’» Demo Account:
    βš– Allows Hedging:
    πŸ”ͺ Allows Scalping:
    🏒 Headquarters: Belize
    πŸ“… Founded:
    πŸ“ˆ Trading Platform(s): SpotOption
    πŸ“œ Regulating Authority(s):
    πŸ’° Minimum Deposit: 250
    πŸ“£ Maximum Leverage:

    Visit FMTrader
    Risk Warning: Your capital may be at risk

    250
    Minimum Deposit
    Maximum Leverage
    Founded

    Our Review of FMTrader

    Company Overview

    With FMTrader, traders can trade with stocks, indices and commodities. This trading platform focuses specifically on binary options trading.

    Account Types + Opening

    It is free to open an account with FMTrader and this can be done by means of a simple online form. FMTrader offers various account types, including an Islamic account, and Bronze, Gold, Silver and Platinum accounts. The Bronze account is designed more for beginner traders, whilst the Platinum account is for experienced, professional traders who want to be able to trade larger sums of money.

    Promotions, Sign Up + Deposit Bonuses

    Bonuses and promotions available will depend on the type of account that you hold. For example, whilst the Bronze account offers a bonus of up to 20%, the Platinum account offers a bonus of up to 40%. This is still lower than most other online brokers, though, who tend to offer bonuses of 100% with higher powered accounts. There are other benefits associated with different account types - for instance, with the Platinum account you can enjoy a risk free trade with your first trade. One thing to note about bonuses with FMTrader is that they cannot be withdrawn instantly. Traders need to reach a certain turnover in their account before they can withdraw their bonus.

    Commissions and Fees

    Depending on the type of account that you hold and the types of trade that you make, FMTrader will charge a commission of between 15% and 35% on your trades. Though there are no fees associated with opening an account, there are charges attached to withdrawals, and these will vary depending on the payment type that you use. For example, the fee for making a withdrawal via wire transfer is $50, and the fee for a withdrawal using a credit card is $25.

    Trading Platform Review & Mobile Apps

    The FMTrader site has a basic feel to it. It provides some education (in the form of articles and a limited webinar service) as well as customer support and of course the trading platform itself. There is no FMTrader smartphone app available to date.

    Deposits & Withdrawal Methods + Ease

    Withdrawals can be done by credit card, bank transfer and by some online payment providers. Each withdrawal method has a different minimum withdrawal amount associated with it; with the wire transfer option, for instance, this amount is $250 and for a credit card it is $100. Once you have requested a withdrawal, FMTrader will take five days to process it.

    Regulators & Safety: Are they a reliable, legitimate broker or a scam?

    FMTrader is not regulated, however not all legitimate brokers are. Reports suggest that FMTrader is simply an unregulated, legitimate broker rather than any kind of scam.

    FMTrader 2-3 .review


    Visit FMTrader's Website

Company Information
Broker's Name
FMTrader
Headquartered in
Belize
Year Founded
Regulating Authority
US Clients Accepted
Telephone Number
442070433795
Fax Number
E-Mail Address
support@fmtrader.com
Website
Account Options
Type of Broker
Commission
Mini Account
VIP Account
Segregated Account
Islamic Account (Swap Free)
Demo Account
Institutional Accounts
Managed Accounts
Maximum Leverage
Minimum Deposit
250
Deposit Options
Credit Card, Wire Transfer
Withdrawal Options
More Instruments
Metals
Oil
Gold
Indices
Stocks
Commodities
ETFs
CFDs
Trading Platform
Platform Type
SpotOption
Platform Languages
OS Compatibility
Streaming News Feed
Charting Package
Trading Signals
Automated Trading
Trade From Charts
Market Commentary
E-mail Alerts
Mobile Alerts
Scalping
Hedging
Trailing Stops
Guaranteed Stop Loss
Guaranteed Limit Orders
Guaranteed Fills
Interest on Margin
One-Click Execution
OCO Orders
Mobile Trading
Web-Based Trading
Customer Service
Customer Support Languages
English
Customer Service Hours
Place Trades Over the Phone?
Bonuses & Rewards
No Deposit Bonus
Bonus for First Deposit
Is the Bonus Based on the Volume of the Transaction?
Other Bonuses


English
Our Rating: 
0
No votes yet
Mini Bonus Info: 
Potential Return On Successful Trade: 
90%
Broker Type: 
Binary Options

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