We can no longer recommend FMTrader. To see a list of Broker reviews click here.
FMTrader is a relatively new broker, since they were established in early 2013, they seem to have grown quite rapidly and established themselves comfortably on par with some of the more professional Binary Options brokers. They are currently applying for the CySEC CIF license, which will in turn mean that FMTrader will become regulated throughout the EU.
They offer a comprehensive education plan for both novice and more experienced traders. The platform which uses the SpotOption software is available in multiple languages. Trading available on offer is 60 seconds, option building, pro-trading and one touch. Payouts are up to 85%.
FMTrader also have an easy to use app compatible with both Android and IOS. The application is a more compact version of the web platform. It allows for trading and tracking all of your open trades on the move.
Deposits and Withdrawals
Deposits can be made with all major credit cards, such as MasterCard, Visa and American Express. Wire transfers, Skrill and CashU are also available deposit options.
Withdrawals are handled promptly, there are no additional fees or charges, however they do mention that personal banks might add transfer fees. Profit is sent by wire transfer and anything up to the deposit amount is returned back to the credit card used. FM Trader highlight security as a priority, ensuring all their traders accounts and financial information is safe and secure.
FMTraders’ customer service is available 24/7. Representatives are available on LiveChat, phone and email. We discovered that they answer queries quickly and helpfully.
Bonuses are available to all traders. Account managers are able to be quite flexible with amount of bonus given. FMTrader also offer a risk free trade which is usually 50% of the initial investment.
Overall FMTrader provides a good platform to trade on. Offering many trading options and an extensive education center. The customer service has definitely improved since its initiation. These positives do lead us to recommend FMTrader.