FMTrader Binary Options Broker
At the same time the company provides its customers with capacious enough range of financial services, among which you can find almost everything that is offered by other more popular companies. With all this the company provides quotes from the agency REUTERS.
- Profit - from 70% to 400%
- Reimbursement - 0%
- Minimum deposit - $ 200
- Minimum Bid - $ 20
- Demo - account - Yes
- Mobile version - Yes
- Education - Yes
The registration process
The registration is simple and fast. More specific information about your personality, as well as the verification of the account can be carried out after funding your trading account.
After opening an account the client is redirected to the depositing page where you can choose between USD, GBP and EUR and the whole sufficient list of payment systems.
The platform is leased from Tradologic software that is easy to understand and trade. In addition, the terminal is quite popular and has long been experienced by traders of many other brokerage firms.
However, at present the platform has significant disadvantages which do not allow to name it perfect.
Thus, the advantages of this platform are the following:
- Simplicity of perception and trade;
- A good selection of options and assets;
- A great quick response to the trading orders;
- Security protocol.
Cons of the platform:
- Impossibility of an independent technical analysis.
There are 74 assets offered to trade with a broker, namely: 30 stocks, 12 currency pairs, 13 products, as well as 24 indices. This set is enough to build your own portfolio of diversifying risk in trading.
FMTrader has a permanent bonus program: 50% of the recharge of the deposit.
Types of options
In the types of proposed options this broker does not lag behind its competitors by offering:
- Binary options - it's the classic type of binary options;
- Designer options – the options with the ability to set your own parameters;
- One-Touch Option- the options on touching;
- "Turbo" Option with the expiration of 30 and 60 seconds;
- Pro Trader Option- this is the own development of the company.
The quality of teaching at the broker is below average, as in the company's arsenal there is only a minimal selection of video lessons and interactive books about trading binary options.
The professional support in the company is made in the format 24/5 and includes 6 languages to communicate with customers. The service is provided through online chat, e-mail and phone calls.
Deposit and withdrawal of foreign currency
For adding or withdrawing funds the company will offer an average list of services, which includes debit cards VISA and Master Card, as well as electronic payment systems. Depositing, like in other companies, is immediate, and the withdrawal takes up to 3 days at least.
Pros / cons
Note these pluses of the broker:
- The minimum deposit - 200 USD;
- The minimum transaction - 20 USD;
- A simple platform for trading;
- Availability of bonuses for the deposit;
- The safety of trading;
- A good selection of options, including the option "designer";
- A good selection of assets for trading and options as a way of trading;
The drawbacks are:
- The technical analysis in the platform is non-existent;
- Poor level of education;
- The site has no analytics and news.
The broker FMTrader, no matter how hard it tries, is still below the level of the golden mean. The existing cons do not let it create a good impression and sufficient service to customers. However, the company is in a development and may soon earn a higher degree of traders’ confidence.