Deposit & Withdrawal Methods
- Minimum Deposit:
- Minimum Withdrawal:
- Minimum Trade:
- Demo Credits:
- High/Low, Pairs, One Touch, Ladder, Forex
- 30 sec, 60 sec, 90 sec, 2 min, 5 min, 15 min, 30 min, 45 min, 1 hour, End Of Day
- iPhone, iPad, Android
FMTrader Broker Review Video Transcript
In this video, I will be reviewing FMTrader. That’s coming up next.
Hi, guys. And in this video, I am reviewing FMTrader. So let’s get to it. So firstly, I want to go through the various pros and cons of FMTrader. This is a good summary that you might want to know straightaway before getting into the final details. So the pros are it offers a very good training academy. It offers videos on demand. They also offer you one on one training if you deposit.
They have a number of various base account options, which is quite good. They also have the option builder, which is very good for setting your own expiry times. And it’s on the spot option software, which is one of the best in industry. The cons are that it does not accept US traders, and they don’t offer demo accounts.
So the company information is that they’re based in London, founded in 2013. They are currently not regulated. And there are the support details. So moving on to the account options. They offer up to 90% returns, which is one of the highest in the industry. The minimum deposit is $200. Minimum investment of $25, maximum investment of $1,000.
No demo accounts. No US traders. They’ll cash you out within 48 hours. And the base currencies for accounts can be in US dollars, British pounds, Australians dollars, in Euros, in Canadian dollars, in Japanese yen, in the South African rand, the Turkish lira, and the Russian ruble.
So they have a few different account tops, ranging from a bronze account up into a platinum account. Now, they didn’t actually specify any details on the site on how much you need to deposit to get the various account types, which is generally how these work, is depending on your deposit amount, you’ll get some extra benefits.
So I would suggest contacting their support team before depositing so you get access to maybe some one on one training. So the banking is all the usual lines of credit cards and debit cards, money brokers or Skrill, and wire transfer. I recommend Skrill– and the same with the withdrawal options.
So the software is on SpotOption, offers 60-second expiry times, 15 minutes, 30 minutes, one hour, and five hour expiry times. Also, the various option types are the call/put, the option builder, and the One Touch feature, plus also the 60 second feature. So, they offer all the assets for Forex, commodities, indices, stocks, and also have a tab there for the various popular pairs.
So when you get into the Trade Now section of FM trader, you’ll have various sets of submenus. The first item in the tab in binary options, which is your column, and put options. Then you’ll move onto the Option Builder, the One Touch, the 60 second feature, and the Pro Trader feature. And underneath that, there’s a submenu where you can jump straight into your various stocks, indices, currencies, or commodities.
And also, you’ll see there it lists the various currency pairs. But you can also actually have access to all the assets for all the drop-down lists above each asset. So it’s a pretty straightforward feature. You basically, you choose your expiry time.
So the next one is, it’s in a GMT clock. So currently, the time is almost 12:30 in the morning. So the next expire option is 1 o’clock. So it’s a 30 minute expiry by default here. In the classic view. Then you pick your direction, up or down. When you do that, you’ll be asked to put in an investment, then basically click Apply.