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: [email protected].
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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.
Australia Warning
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence.”
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.