FMTrader Review – Scam or Legit Binary Broker

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Choice!
    Free Trading Education!
    Free Demo Account!
    Big Sign-Up Bonus!

  • Binomo
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    Good Choice For Experienced Traders!!!

FMTrader Review

FMTrader Info

Name FMtrader Web site www.fmtrader.com Online since 2020 HQ UK Platform SpotOption

Broker Rating

FMTrader is a major investment company with considerable expertise in binary trade. The company started operating in 2020. Its main offices are located in Gibraltar and London. When researching for this FMtrader review we found out that this company consists of more than 120 employees, most of whom are financial analysts. The company also includes leading technology and media experts and a specialized customer service division.

FMTrader takes great pride in its highly advanced online trading platform which offers investors a variety of tradable assets, multiple investment channels meant to help traders maximize profit and world class customer support teams. In addition, these days, the company is in the middle of a regulation process which is scheduled to be concluded in the next couple of months. Continue reading this FMtrader review to find out if this broker is for you or not.

A Unique Trading Platform with Multiple Trading Possibilities

FMTrader employs a state-of-the-art 100% web based trading platform that requires no additional programs to operate. The platform is based on a user-friendly interface that practically enables anyone to trade the capital market comfortably and safely.

It offers traders more than 200 tradable assets that are divided into 4 main categories: forex, leading global stocks, major international indices and commodities.

Equally important, the platform puts at traders’ disposal a variety of advanced investment channels especially tailored to each investor’s experience, trading preferences and profit goals. These channels consist of the following:

  • Traditional binary options trading with up to 90% profit potential.
  • 60 seconds options which promise rapid and exciting trade.
  • One touch option that enables traders generate a lucrative 500% return on investment.
  • Advanced strategies fit for experienced traders who wish to maximize profit potential and minimize loses, for example “Double Up” and “Roll Over”.

Trading Packages and Bonuses

FMTrader offers a variety of trading accounts that are meant to meet the needs of novice and experienced traders alike. New traders enjoy a generous and lucrative package of bonuses to allow them an easy start and make it possible for them to successfully compete with more experienced traders.

Training Program

FMTrader believes that the financial markets should be accessible to everyone, even those with little or no financial education and experience. Accordingly, novice traders can benefit from a comprehensive training program meant to provide them with the knowledge base and the skills necessary for trading successfully and profitably. The program includes:

  • A collection of e-books that teach the fundamentals of binary trade.
  • Video tutorials.
  • One on one sessions with a personal broker.

Financial Data

FMTrader has long understood that knowledge means profit. Therefore the platform displays updated data from the markets, including daily and weekly financial reviews, on a regular basis to inform traders about the latest trends and developments and to allow them to react to events as they occur before others do. The data is coherently organized in charts and graphs allowing traders to plan their investments wisely.

Safety of Funds

FMTrader hires the best IT experts and uses the most sophisticated security information programs to safeguards its clients’ funds and protect their privacy. Knowing their money is in good hands, traders can concentrate on trading without worrying about security issues.

Accurate Settlement of Investor’s Transactions: Money Withdrawal

The bottom line for every trader is realizing profits. FMTrader is fully aware of it and has accordingly established a fast and efficient money withdrawal mechanism. Furthermore traders enjoy multiple withdrawal options through credit card, wire transfer, CashU or Skrill.

To prevent fraud and to make sure the money reaches its proper destination, FMTrader’s trading platform follows the strictest verification protocols.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Choice!
    Free Trading Education!
    Free Demo Account!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!!!

Customer Service

FMTrader is distinct from other similar investment company in the support it offers its clients. Dedicated customer service teams will spare no effort in satisfying clients’ demands and providing assistance when necessary. Professionalism and generosity towards its clients are FMTrader’s trade mark. Any trader can contact a customer service representative during work hours via email, telephone or chat. He will be answered promptly and any issue he may raise will be dealt with thoroughly.

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Binary.com Review 2020 – Is Binary.com Scam or Legit?

Name Binary.com Review 2020 – Is Binary.com Scam or Legit?
Founded 1999
Legal Entity Binary (IOM) Ltd
Turnover 82%
Minimum deposit $5
Bonus up to 100%
Full Address Isle of Man, Douglas, 14, Victoria Road
Phone +44 (0) 1666 800042
Regulation No
Site visit site
E-mail [email protected]
Visit Broker

Founded in 1999 as BetOnMarkets.com, Binary.com has metamorphosed to be one of the popular and pioneering brokers in the binary options trading industry.

The rebranding of the company to Binary.com was done in 2020 to enhance the quality of service it offers to binary options traders. Since then, the company has earned an enviable reputation in the industry and now boasts of more than 1 million registered accounts worldwide.

We did a comprehensive review of the broker to establish whether it is capable of offering healthy and quality conditions for trading.

Here are the things we found out.

Opening an account

Opening a new account at Binary.com is fast and simple. We first opened a virtual account with the broker, which comes with a free deposit of $10,000. We used the free account to try out the broker’s platform and familiarize ourselves with its offerings.

Thereafter, we upgraded to a real account and made some real cash deposit to better get a ‘feel’ of the broker. After submitting the required details, which includes identity verification documents, our account was up and running.

Trading Platform

We noticed that the broker provides a simple and user-friendly web-based platform to traders. We easily navigated through the trading platform and monitored our portfolio in real time. Some key strengths we noticed with the platform is that it enables traders to execute orders in seconds, tailor the contracts to suit their preferences, and sell back trades at the current prices.

The Binary.com platform has over 100 assets for trading. Traders can choose from a wide variety of forex pairs, indices, stocks, commodities, and volatility indices. The binary options types offered include Up/Down, Touch/No Touch, In/Out, Rise/Fall, and Higher/Lower, with expiry times ranging from 10 seconds to 365 days for some assets.

In terms of payouts, we noticed that the broker offers one of the most lucrative and unique rates in the industry, from $1 to $50,000 based on the success of your trades.

Deposits and Withdrawals

Binary.com provides secure and convenient payment options to clients. Some of the common payment methods supported by the broker include bank wire transfer, credit cards or debit cards, Skrill, Neteller, PerfectMoney, WebMoney, and Qiwi. Payments can be made in U.S. dollars, British Pounds, or Euros.

Furthermore, the broker holds clients’ funds in segregated accounts maintained by AAA-rated financial institutions.

The processing time for deposits and withdrawals is fast and is usually completed within one working day.

Binary.com requires a minimum deposit of $5 for new accounts. In terms of bonuses, we noticed that the broker runs frequent promotions to provide traders with bonuses. After opening a live account, you will need to contact the broker to know your bonus amount.

Regulation

Binary.com (previously referred to as BetOnMarkets.com) is owned and operated by a company called Binary Ltd. The broker is fully licensed and regulated and has been providing unmatched trading conditions to clients for over a decade.

The broker is under the watchful eye of several regulating bodies, including Gambling Supervision Commission in the Isle of Man, Malta Financial Services Authority (MFSA), and UK Gambling Commission. As much as most of the broker’s licenses are from gambling regulatory bodies, we noticed that it has been continually offering transparent and legitimate trading conditions to binary options brokers.

What’s more, we searched on the internet for negative user feedback and failed to get any significant proof that the broker is failing in its mission. Additionally, Binary.com has a very thorough and straightforward complaints and disputes policy, which it uses to handle any issues raised by clients professionally.

During our Binary.com review, a major drawback we learnt is that the broker lacks sufficient regulation to offer its services to traders in the U.S., Japan, Costa Rica, and Hong Kong.

Customer Service

Binary.com offers a quick and supportive multilingual customer service, which can be reached by phone, email, or live chat 24 hours a day.

The broker’s site has extensive resources and tools, which traders can use to sharpen their skills and become profitable from binary options trading. The site is also available in different languages, so you can choose the language that suits you the most.

Pros and Cons of Binary

  • Long history of quality service delivery in the industry
  • Site available in different languages
  • Minimum deposit of $5
  • Wide range of assets
  • User-friendly trading platform
  • Professional support department
  • Free demo account
  • Operates under regulated conditions
  • Convenient and secure payment methods
  • Traders in the U.S., Japan, Costa Rica, and Hong Kong not allowed
  • A bit of gambling attitude towards trading

The fast and easy account opening process, innovative trading platform, secure and convenient payment options, as well as an extensive range of assets and expiry times are exciting features that make the broker stand out among the others.

Furthermore, the transparent and clear dealings of the broker together with the fact that it is regulated affirm that it is not a scam broker and does not allow fraudulent practices.

So, if you are looking for a broker with a long history of providing robust and quality conditions for trading, you can try out Binary.com.

Range of Services

Your Rating

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Most binary options/Forex companies out there are fraudulent. They are all scams. I have been a victim of their activities. I invested about $480,000 and when i wanted to withdraw after some weeks, I was unable to reach their contact numbers or emails with which we stayed in touch. I assumed they were having some maintenance routing check, as that had happened in the past. After some weeks, I was contacted again by them and was asked to invest which i refused and told them i wanted to withdraw my money. After this, i didn’t hear from them again. At this point, I started to feel like i had been duped. I was lost and shattered as i had lost most of my savings. I was depressed for about 4 months. I was too ashamed to tell anyone about it, not even my children. I finally summoned the courage to tell my friend who came to visit me in the UK from New Zealand. He told me about a binary/Forex recovery expert(Dennis Paker) who specializes in helping binary/Forex traders get their money back.. I contacted him and he guided me on steps to take and recover my money. I now have all my lost money back, as i had given up all hope. You can also contact him via WhatsApp at: +1(908) 666-4121 all thanks to God

I JUST TRIED THIS NO UPFRONT PAYMENT . NO UPFRONT PAYMENT I made deposit of $10,000 into this broker on 1st December, then I got a call from the account manager telling me about my account and the bonuses I could get if I put in more money. He was really good at convincing (maybe he brainwashed me ) I later put $86,000 in total. Then I sent all of my verification documents such as proof of address, ID and Bank card detail (I sent without CCV) and Declaration form . Also I received lots of emails from them about verification and activation and etc. During first 3 days which my account was funded and was ready to start; they called me many times to re-invest and increase my amount and I refused cos they got too pushy about it. I figured something was seeing wrong when I requested for a withdrawal and was told I had to reach a deposit target before I can make withdrawals. So I couldn’t trust them as they changed their word and I asked adviser I want to close my account as my account is verified and it’s ready. I already told him I can’t put more money and now I change my mind and I want to withdraw my money and close my account. I send lots of email, chat, request, text, call and etc and asked them to call me and explain but nobody answer and reply to me even through email (Used to be emailed straightaway) Now I want to withdraw all of my money but I can’t go through my account. THEY NEVER CAME BACK TO ME. TEL, ADDRESS AND COMPANY AND ALL ARE SCAM. Until I was introduced to a recovery company that helped me out FASTFUNDSRECOVERY AT PROTONMAIL SITE: FASTFUNDSRECOVERY.WORDPRESS.COM

I opened a standard account with Belfx. After some 2 weeks of trading, they asked me for more investment, so I upped it to around 5K EUR as it was showing profits. All seemed to be going fine, so I invested another 15K EUR and a VIP account was opened. Most of the investments were transferred barring some profit which was left in the standard account for me to practice. I deposited another 5K EUR to make it to the Platinum account, however, it was never converted to Platinum on the pretext that all trades need to be closed and VIP account needs to be opened or have fresh invested amount of 25000 EUR, which looked logical and I also didn’t insist.All these while I had withdrawn 100 EUR to check the withdrawal process. After trading for another month, I mentioned that I would like to withdraw my profit, the account started going in big negative. At that point of time, I was asked for more investment to save the account which I didn’t do and the account was ultimately blown up. I was advise by my military colleague to contact a recovery team, which I made a contact with Mr Eric Hopkins, his an expert on binary/forex/bitcoin and crypto currency recovery. Him and his team worked relentlessly to get my invested capital including my bonus refunded back to me. I was obligated to recommend him and his funds recovery strategy. Feel free to reach out to him if you are experiencing issues with your investment broker, via his email address: [email protected] And will guide you on steps to take and get your investment capital refunded back to you.

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AVOID GETTING BURN BY BINARY OPTION SCAM Finally I have been able to retrieve all my lost funds of about $480k,which I never believed I would get again from an unregulated broker who stocked my trading capital for over 3 months now, and denied my access to my trading account. I’m so glad that I have gotten back all my funds back without stress, All thanks to my neighbor who introduced me to a certified binary option recovery expert. Do you have funds that you wish to withdraw from your account, is your Broker manager asking you to make more deposit before you can place a withdrawal, are you confused and you don’t know how to go about it, kindly contact the best online leading fund recovery firm Wealth Recovery – Cyber-Operatives consultation am sure they will guide you on steps to take and get all your lost funds back in just few days they have a proven record of recovering assets and funds from scammers across the world, even in cases in which the company which carried out the scam is insolvent EMAIL [email protected]

I did lost exactly about $37,000 to a SOLID C F D broker with their website. There are certain mistakes we all wish we had the power to prevent. Sharing my experience on this; Unfortunately for me I joined the queue of Solid C F D brokerage company. I was approached through a call, convinced they were genuine and Invested all my hard earned savings with them. Look there are so much list of these brokers to avoid. I can only enlighten newbies and brighten up everyone that has fallen for this cheap lies…However, I have been able to recover all my money i lost to solid c f d with the guidance of an orientated Financial Management/Recovery expert from cyber operative frirm I’m open to share my experience you can also reach out to them at [email protected] cyber-operatives; org they strongly came through for me and dissolved my worries.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Choice!
    Free Trading Education!
    Free Demo Account!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!!!

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