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Comparison FMTrader vs. First Binary Option Service

Choosing the best binary option trading srevice for your company is complicated with too much functions, choices, and offers to consider. But, relying on our website will allow you to simplify the selection process by reading all key providers in a single location. For example, you can compare FMTrader and First Binary Option Service for their tools and overall scores, in this case, 8.0 and 7.0, respectively. Similarly, you can check which service has better general user satisfaction rating: 100% (FMTrader) and 95% (First Binary Option Service) to find out which solution is the better choice. Don’t simply pick the platform with the lowest minimum deposit, but the solution that gives the best value for your money.

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.

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

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.

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

Phone

+448001700149 No phone support

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

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
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Email

support@fmtrader.com support@firstbinaryoption.com

Deposit Options

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

Withdrawal Options:

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

Comission

No
No

Assets

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

Payouts Percentage

70%-90%

80%

Located In

United Kingdom Cyprus

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.

Place Trades Over Phone

No
No
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When you pick a software that you believe will work best for your business you shouldn’t just focus on what reviewers have to say about it. In many cases personal experience with the service may change, depending on your own preferences and work processes. That’s the reason why in our reviews we also provide our User Satisfaction Rating for each service to give you a quick overview of how real users of FMTrader and First Binary Option Service evaluate their contact with the product. Our algorithm is built around advanced analysis of product appearances on other websites, social networks and blogs, so you will get a complete and credible picture of what other users think about every product. In this example FMTrader got a total satisfaction rating at 100% while for First Binary Option Service 95% of users express they had an enjoyable experience with it.