FM Capitals was an unlicensed broker for binary options trading, that started operations in 2016. They offer a large list of assets to trade on the OptionLift trading platform.
FM Capitals Review
While reviewing the FM Capitals website for binary options trading, we discovered the following: This broker uses the OptionLift trading platform. This platform has Binary Options trading in three formats. Hyper, Long term, and classic Binary Options.
The Hyper options have expiry times of 30, 60 and 120 seconds. And the Long term options have expiry times from between 1 day and 1 year ahead, depending on the asset. Regular Binary options will have expiry times at 15 to 30 minute increments from the current time until the end of the day.
FM Capitals has a very big list of assets to trade. There are over 45 Currency pairs, including many unique ones like Bitcoin. They have about 10 Indexes, 60 Stocks and a few Commodities and commodity pairs to choose from.
We always advise our readers to read a brokers Terms and Conditions page carefully. Being uninformed about the company’s policy is the number one reason for complaints. Read more about this on our Complaints page.
FMCapitals offers four account types to choose from. The minimum deposit required for a basic account is $550.
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License and Regulation
In order to establish whether or not a broker is a scam, we always look to see if they are licensed by a governmental financial regulator. For example; ASIC in Australia, the FSB in South Africa and CySEC in Cyprus (EU) all issue licenses to Forex brokers in their country that comply with their regulation.
FM Capitals is not a licensed broker.
There are hundreds of Forex brokers to choose from, so go look at the licensed brokers.
The FM Capitals website says they are owned and operated by a company called: Riverside Services Ltd.
They list an address of: 1408 Sofia city, Sofia District, Metropolitan Municipality, Triaditsa Region, Balsha, No. 14, Apt Office No. 5. The phone number is: 1-888-215-3092. Email: [email protected] | Website: https://fmcapitals.com/