iFollow Copy Trading With FMTrader

FMTrader is not a new name on the binary options scene. Originally run out of business due to shady practices the name, website and platform have been taken over by a new company focused on the long term operation of a respectable binary options brokerage. Like a phoenix from the ashes, FMTrader has emerged as a new broker with some great features and is working hard to gain the trust of traders and regulators alike. The company is a brand owned and operated by Terapad services LTD, 6 Ioanni Stylianou, 2nd floor,office/flat 202,2003 Nicosia, Cyprus. which is a subsidiary of FM Marketing LTD incorporated in Belize with IFSC license number IFSC/60/372/TS/15

Review Of FMTrader’s Binary Options Copy Trading

FMTrader is built on the SpotOption platform but operates independently from the SpotOption white label network. As such the broker is supporting the iFollow copy trading platform which I think is the best copy trading available directly from a broker. The trading is based on a leader board and all traders using the broker are ranked and included. The leader board is accessed directly from the trading platform and is very easy to read. Traders can be screened based on the asset you want to trade and the copy feature comes with several useful controls for active traders. To copy all you have to do is hit the “copy” button, at which time you will be prompted to set your risk tolerances.

FMTrader iFollow Copy Trading – Geek Approved!
Leader Board
Copy Trade
Risk Free
Belize IFSC

There are three settings with this platform providing the ability to closely control your risk exposure to each trader you follow. These are time, amount and limit. The time is how long you will follow the trader for. This can be one day, one week, 2 weeks, 3 weeks, 1 month, 3 months or 6 months. While this may seem great I recommend only following for a day or a week until you are sure about who you are following. The amount is the amount of money you will risk on each trade. This ranges from $50 up to $3000 so you can be sure that you are only risking an amount that meets your money management plans.
The final setting is the limit. This is the total amount of money a given trader is allowed to trade in your account. Again, this can range from $50 up to $3000 or be set to “no limit”. If you set the trade amount at $50, and limit it to one day and $100 then you are going to get at most 2 trades. If you set the amount for $100 and limit it to $3000 then you can get up to 30 trades. With no limit, well there is no limit, any trades that are made within the time frame you set will be copied directly into your account.

Social trading binary options is about community, community is about people and with this platform you can follow as many traders as your account will support. This is one reason why the risk settings are so great, the other being money management of course. By using a combination of traders and assets, and then limiting the amount of trading they can do in your account, you can build a profitable portfolio. In a sense it is like owning mutual funds or ETF’s, only for trading. You pick the ones you like, build a portfolio and then sit back and watch the trades as they happen. All you have to do is manage your account by making sure you always have your money properly allotted to each trader, that the traders you are following are performing well, and that you never let a loser linger in your account.

Quick Review Of FMTrader

FMTrader is a SpotOption based broker and in the process of gaining CySEC regulation. It supports digital, One Touch, Pairs and Ladder options. The broker has a full list of assets including all the major indices, forex pairs, commodities and stocks so there is no worry about finding what you want to trade. Expiry ranges from very short term 30 second options out to options with up to 6 months or more, putting it among the top brokers for long term traders.
Banking is easy and supported by wire transfer, credit card and eWallet. Wires will take up to ten days to process into your account but CC and Skrill will both post immediately. Minimum deposit is only $100 with a minimum withdrawal of the same. Withdrawals can only be made back to the original source and may take 5-7 business days, eWallets and Skrill being the fastest methods. In order to verify your account you will need to have standard documentation including ID, a bill with your address and a picture of the card you are using. Bonuses are available by account size ranging from 20% -40% with larger accounts including at least one risk free trade. Risk free trades add additional bonus money to your account should your first trade be a loser. Bonus requirement is trading 50X the bonus amount before making a withdrawal.

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