Rating Index
Pros
Diverse trading instruments: FM Global offers a wide range of trading instruments, including forex, currencies, indices, CFDs, and commodities, providing traders with various opportunities to diversify their portfolios.
MetaTrader 4 platform: The broker utilizes the popular MetaTrader 4 platform, known for its advanced trading features, user-friendly interface, and support for automated trading strategies, making it accessible for both novice and experienced traders.
Long operating history: FM Global has been in operation for 5 to 10 years, which may suggest some level of experience in the market.
Cons
Revoked regulatory license: FM Global's regulatory status with the Vanuatu Financial Services Commission (VFSC) is officially listed as revoked, raising significant concerns about its compliance with financial regulations and overall legitimacy.
Inaccessible website: The unavailability of FM Global's official website hinders access to essential company information, updates, and contact details, which can deter potential clients and raise suspicions about the company's reliability.
Reports of operational issues: There are alarming reports regarding difficulties with withdrawals and allegations of scams associated with FM Global, undermining trust in the company's reliability and integrity.
FM Global broker Accounts
FM Global Account Types
FM Global offers a range of trading accounts designed to cater to different trading needs. Their account types include:
- FM Pro 200
- Minimum Deposit: $5
- Spread: 1 pip
- Instruments: Forex, shares, indices
- Platform: MT5
- Bonus: Included
- Withdrawals: Instant
- FM Pro 100
- Minimum Deposit: $5
- Spread: 1 pip
- Leverage: 1:500
- Instruments: Forex, shares, indices
- Platform: MT5
- Bonus: Included (100%)
- Withdrawals: Instant
- FM Pro 50
- Minimum Deposit: $5
- Instruments: Forex, shares, indices
- Platform: MT5
- Bonus: Included
- Withdrawals: Instant
- Note: No hedging allowed.
- FM Pro Swap Free
- Minimum Deposit: $100
- Leverage: 1:500
- Spread: From 1 pip
- Instruments: Forex, shares, indices
- Platform: MT5
- Withdrawals: Instant
- FM Pro Zero
- Minimum Deposit: $100
- Leverage: 1:500
- Spread: From 0 pips
- Instruments: Forex, shares, indices
- Platform: MT5
- Withdrawals: Instant
- FM Pro No Bonus
- Minimum Deposit: $5
- Leverage: 1:500
- Spread: From 1 pip
- Instruments: Forex, shares, indices
- Platform: MT5
- Withdrawals: Instant
Choose Your Account Type: Select the account type that best fits your trading needs from the options listed above.
Complete the Application: Fill out the application form, providing necessary personal information, including your name, contact details, and any relevant financial information.
Deposit Funds: Make the required minimum deposit to activate your account. For most account types, this can be as low as $5.
Verification: Complete any required verification processes, which may include submitting documents to confirm your identity.
Start Trading: Once your account is activated and funded, you can start trading using the MT5 platform.
FM Global Broker Account Opening Process
Opening a trading account with FM Global is straightforward. Here are the steps to follow:
For more details, you can visit the official FM Global website.
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