FMTrader Review

FMTrader

FM Trader was a binary options broker owned by FM Marketing LTD. They are located at 35 Barrack Road, third floor, Belize city, Belize. FMTrader can be reached by phone from Australia at:+61 38 820 5337, and from United Kingdom at: +44 20 7043 3795. Their email address is: support@fmtrader.com.

Trading Signals Scam

WARNING! Before you use a scam trading software, make sure you read this.

The most popular automated trading robots are all listed here.

FMTrader Platform Review

FMTrader is now using the new SpotOption trading software! They now have ladder options, one touch options as well as Forex CFD’s and the iFollow feature. Returns on $EUR/USD binary options are 82%, and for 60 second options the returns are 70%.

FM Trader is mostly popular in English speaking countries like Canada and Australia. Their site is available in English, Italian, Russian, Arabic, French, and Turkish.

Minimum Deposit For New Accounts is $250, Minimum trade size is $25, and the Max trade size is $10,000.

FMTrader License

The most important thing we look for when reviewing a binary options broker, to determine if they are a legit broker or a scam broker is very simple. Are the licensed and regulated by CySEC in Cyprus? Do they fall under the MIFId regulatory rules in the European Union (EU)? Are they registered with the FCA in the United Kingdom?

FMTrader is not a licensed broker.

If you are looking for a European or Australian licensed broker, then read about the Top Licensed Brokers.

Best Online Brokers

 

 

So the question; is FMTrader a legitimate binary option broker and not another scam broker? What has been your trading experience with them?

Share your review of FMTrader in the comments below.

FMTrader Review

FMTrader

FM Trader was a binary options broker owned by FM Marketing LTD. They are located at 35 Barrack Road, third floor, Belize city, Belize. FMTrader can be reached by phone from Australia at:+61 38 820 5337, and from United Kingdom at: +44 20 7043 3795. Their email address is: support@fmtrader.com.

Trading Signals Scam

WARNING! Before you use a scam trading software, make sure you read this.

The most popular automated trading robots are all listed here.

FMTrader Platform Review

FMTrader is now using the new SpotOption trading software! They now have ladder options, one touch options as well as Forex CFD’s and the iFollow feature. Returns on $EUR/USD binary options are 82%, and for 60 second options the returns are 70%.

FM Trader is mostly popular in English speaking countries like Canada and Australia. Their site is available in English, Italian, Russian, Arabic, French, and Turkish.

Minimum Deposit For New Accounts is $250, Minimum trade size is $25, and the Max trade size is $10,000.

FMTrader License

The most important thing we look for when reviewing a binary options broker, to determine if they are a legit broker or a scam broker is very simple. Are the licensed and regulated by CySEC in Cyprus? Do they fall under the MIFId regulatory rules in the European Union (EU)? Are they registered with the FCA in the United Kingdom?

FMTrader is not a licensed broker.

If you are looking for a European or Australian licensed broker, then read about the Top Licensed Brokers.

Best Online Brokers

 

 

So the question; is FMTrader a legitimate binary option broker and not another scam broker? What has been your trading experience with them?

Share your review of FMTrader in the comments below.

Reviewed by Scam Broker Reviews
  • PhYrE

    Total Scam. They Spam call me pretty much daily.

  • vu

    FM Trader Shawn Wells totally scam people for their money. They will try and take control of your computer go into your bank account and withdraw every single cent you have so they can play around the system and lose all your money. Then they claim to help you. They maxed my account lost all my money and wanted to go back into my bank account to withdraw more money. Don’t believe what they say they all all scammers.

  • chan

    same thing happened to me. I joined fm trader thinking will do trade where it said you can start with $250 . I joined and the next thing was a broker Shawn Wells called me explained few things and tole me to deposit another $1000 to get more return. I was going to but luckly did not get the $10 000 loan from my bank . I borrowed money from my friend and deposited $1000 instead. Just after two days I could feel I was not putting my money at the right place. I emailed that I did not want to trade and I want my money refunded. They said the need certified documents passport, drivers licence etc to verify. I sent all documents and the said its verified so I asked when my money will be in my account to which they said I need to verbally confirm with Shawn Wells broker that I wanted to quit. I told him several times but nothing happened still running for my money its been a month now. I ask them to give me complaints department or management to which they say they will contact them. can anyone help please . I am a believer in god and sure that he will be punished one day. we work hard for our money and people like him scam you can fool people but somebody is watching you wont go long

    • florence

      Hi Chan,
      Did you get your money back?

  • Jose

    They are totally a scam the show you that they can grow your money in order to gain trust ones you put the money on the investment they recommend you on purpose the wrong investment in order to lead you to lose all your money, ones you lose your money you will never heard from them again please be carful of Troy Mclain and Axel Jacobsen.
    I followed Axel recommendation and he lead me a loss of $105,000 USD, and after that you don’t heard a word from them, so be extreamelly carefull it is a scam.

  • Antoinette

    worst experience ever. dont make the mistake i did. i signed up deposited my 250 us and for two months now i cant get it back. dont join them. you will regret

  • Antoinette

    anybody know their license authroity. i want to report them. who do i report them to?

  • florence

    I’m still waiting for my funds AU24,894.45 since January 2017. Always said that I need my broker to call. Until today no call. Pls don’t put your money with this company

  • kevinmcdonnell

    70trades stole everything over1100 us dollars,do not trade with them

  • HZ

    Currently I’m fighting with FMtrader scam. I have the same experience. I can not withdraw the money that I deposited in my FMtrader account. I submitted all the requested documents but the company still didn’t give the money back. Now the only thing I can do is call police. This kind of scam is crime. I search the internet and found some information may be helpful for others:

    https://www.ic3.gov/default.aspx
    The Internet Crime Complaint Center
    is a partnership between the US Federal Bureau of Investigations and
    the National White Collar Crime Center. The ICCC is a good place to
    report more serious crimes involving: online extortion, identity theft, Computer Intrusion (hacking), Economic Espionage (Theft of Trade Secrets), and other major cyber crimes.
    https://www.facebook.com/security
    The Facebook’s Security site will allow you to report account hacks, fraud, spam, scams, rogue applications and other Facebook-borne threats.

  • Marek

    same thing happened to me. I joined fm trader thinking will do trade where it said you can start with $250 . I joined and the next thing was a broker Kamila Rodrigez called me explained few things and take me to deposit another $1000 to get more return.

    I was conned to put more money in and I did and there she couldn’t be contacted I after number of emails Shawn Wells responded that she is no longer with fm and he will become my fm t. manager CONvinced me that to get full security of protected trades I need More money.Very sporadic contacts 4 trades 5min each which in one Hi lost for me $18000 hi assured me that my trade is protected and I’ve got nothing to worry about . I put request to withdraw some money and all started: wrong bank details, hand written bank details are not accepted I send copy of my CC statement with all details etc. three weeks I am still waiting, initially they said they need certified documents passport, drivers licence etc to verify. I sent all documents and the said its verified so I asked when my money will be in my account to which they said I need to verbally confirm with Shawn Wells broker.

    I told him several times but nothing happened still running for my money I ask them to give me complaints department or management to which they say they will contact them. I am still hoping on positive outcome but reading the posts I have serious doubts.

    By the way FM trader au contact number +61388205337 is disconnected