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Comparison FMTrader vs. First Binary Option Service

Choosing the right binary option trading srevice for your business is not that easy with so many functions, choices, and offers to check. But, depending on our review platform will help you to cut down the selection process by displaying all crucial brokers in a single location. For example, you can contrast FMTrader and First Binary Option Service for their functions and overall scores, namely, 8.0 and 7.0, respectively. Furthermore, you can see which provider has better general user satisfaction rating: 100% (FMTrader) and 95% (First Binary Option Service) to determine which solution is the better choice. Don’t simply pick the solution with the most attractive minimum deposit, but the solution that has the best value.

Comparison

FMTrader

VS

First Binary Option Service

VS

Total Score

Our Score

8.0 ?

Our Score

7.0 ?

Customer Experience

Customer Experience

100% ?

Customer Experience

95% ?

Minimum Deposit

$250

$5

Accepts US Clients

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Complete Review

Description

FMTrader providers users with the award-winning SpotOption as its trading platform. SpotOption is highly accessible, allowing traders to do trade and engage through the web. No software download and installation is needed. Many traders use prefer SpotOption as it is widely used in the industry due to its simplicity, reliability, and ease of use.

First Binary Option Service’s trading platform is just labeled differently from traditional trading platforms. But it is simple to use as all the main features are labeled clearly and you can easily select options from the provided drop-down list.

This broker offers a demo account to help traders become familiar with the trading platform before they invest their money. You can trade in about 50 instruments of various types including CFDs, indexes, futures, and currency pairs. The trading platform is web-based and you don’t have to download or install any software on your computer system. The company has been around since 2011 and offers support in English and Russian languages.

Comission

No
No

Payout ratios

85%

Average returns are around 80% and maximum returns can be as high as 765%. You can get a refund of up to 15% for losing trades.

Assets

Oil, Gold, Indices, Stocks, Commodities Forex, Metals, Oil, Gold, Indices, Stocks, Commodities, etfs, CFDs

Email

support@fmtrader.com support@firstbinaryoption.com

Withdrawal Options:

Credit Card, Bank Wire Transfer Webmoney, Credit Card, Debit Card, Bank Wire Transfer, Western Union, CashU, Skrill

Trading Accounts

Traders with FMTrader can choose from 5 different types of trading accounts which come with various benefits. They are each defined by a minimum deposit.

  • Bronze Trading Account
  • Silver Trading Account
  • Gold Trading Account
  • Platinum Trading Account
  • Islamic Trading Account

Click on the “Real Account” button on firstbinaryoption.com to register and get started. The minimum deposit required is just $5. The website also offers a free demo account.

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Platform

Platform type: SpotOption
Platform Languages: English, Russian, Japanese, Turkish, Arabic
OS Compatibility: Mac OS, iOS, Windows
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: No
Platform type: First Binary Option Platform
Platform Languages: English, Spanish, Russian, Arabic
OS Compatibility: Windows, Android
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: No

Bonuses & Rewards

No Deposit Bonus: No
Bonus for First Deposit: No
Is the Bonus Based on the Volume of the Transaction?: No
Other Bonuses: No
No Deposit Bonus: No
Bonus for First Deposit: No
Is the Bonus Based on the Volume of the Transaction?: No
Other Bonuses: No

Payouts Percentage

70%-90%

80%

Trade Types

FMTrader offers the following trading types:

  • 60 Seconds Options
  • Classic Binaries
  • One Touch Options
  • Option Builder
  • Pair Trading
  • FX/CFD

First Binary Option offers six trade types:

  • High / Low
  • One Touch
  • No Touch
  • In Range
  • Out Range
  • 60 Seconds

Located In

United Kingdom Cyprus

Place Trades Over Phone

No
No

Customer Service

EMAIL PHONE NO.
LIVE SUPPORT
Customer Support Languages: English, Russian, Turkish
Customer Service Hours: FMTrader provides 24-hour customer support.
Place Trades Over the Phone?: No
EMAIL
LIVE SUPPORT TRAINING
Customer Support Languages: English, Russian
Customer Service Hours: First Binary Option Service offers 24-hour customer support.
Place Trades Over the Phone?: No

Deposit Options

Credit Card Webmoney, Credit Card, Debit Card, Bank Wire Transfer, Western Union, CashU, Skrill

Phone

+448001700149 No phone support
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Product Comparisons

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In case you continue having doubts about which solution will work best for your business it may be a sensible idea to analyze each service’s social metrics. Such metrics are quite often a way to see how popular a given app is and how large is its online presence.For instance, if you analyze FMTrader LinkedIn account you’ll find out that they are followed by 331 users. In case of First Binary Option Service the number of followers on their LinkedIn page is 0.