FM Trader Review
Founded in 2013, FM Trader is owned and operated by FM Marketing LTD located in Belize. As such, FM Trader is licensed and regulated by the IFSC in Belize.
Using the popular Spot Option trading platform, investors can trade ladder, one touch, pairs and speed options.
FM Trader also has a great mobile application for traders who desire to use mobile devices.
FM Trader Deposit Terms & Conditions
I reviewed the deposit conditions at FM Trader. The minimum deposit is $250 and you must be 18 or older to do so. They have various deposit methods which include:
To follow anti-money laundering regulations, traders will be required to supply compliance documents before they can withdraw any of their funds. It is recommended that you do this immediately upon depositing.
The needed documents will be:
- A copy of a government issued photo identification
- A copy of a recent utility bill showing your name and address
- A copy of the credit card used to deposit
These are needed for the investor’s protection and all personal information is kept safe and secure.
FM Trader Bonus Terms & Conditions
FM Trader does offer some magnificent bonuses but you should always understand the terms and conditions that apply to those bonuses before accepting them.
At FM Trader, when an investor receives a bonus, to be able to withdraw that bonus and any profits made from it, they must trade a volume of 50 times the bonus amount received. Just to give you perspective, if you receive a $100 bonus, you will have to make trades equal to, or above $5,000 before you can withdraw that bonus money.
It is because of these conditions that many experienced binary options traders do not accept bonuses.
FM Trader Withdrawal Terms & Conditions
Withdrawals at FM Trader are free and quite easy. You just simply make the request and FM Trader will begin processing it immediately.
As long as you sent in the compliance documents I mentioned before, FM Trader will process withdrawal requests quickly. They can take up to 3 business days to process your request, and it can take up to 7 days more for the funds to reach your account.