FMS Traders Review (5% cashback)
4.0

FMS Traders Review (5% cashback)

FMS Traders name originates from Funding Made Simple. They are searching for passionate and experienced traders to offer them an opportunity to trade with their funds and earn higher profits.
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FMS Traders test their traders’ potential with a task of passing a 2-phase evaluation process, where they are given a demo account with virtual funds to trade, while they monitor their performance.

Pros
  • Maximum balance of up to $1,000,000
  • 80% profit splits
  • Bi-weekly payouts
  • Overnight and weekend holding allowed
  • News trading allowed
  • Scaling account option
  • Leverage up to 100:1
  • A large variety of trading instruments (forex pairs, commodities, indices, cryptocurrencies)
Cons
  • 5% Maximum daily loss
  • Relatively new prop firm

FMS Traders is searching for passionate and experienced traders who will succeed with their funds’ help by showing skills in unpredictable market conditions. They allow them to earn high profits by managing account sizes up to $1,000,000 and taking home profit splits of 80%. They can achieve this by trading Forex pairs, commodities, indices, and cryptocurrencies.

Who are FMS Traders?

FMS Traders is a proprietary firm incorporated in April 2021 with an office based in the US while offering their traders a chance to work with capital up to $1,000,000. They are partnered with Nash Markets as their broker.

Their offices are located at 1001 Brickell Bay Dr #2700h, Miami, FL 33131, United States.

Funding program options

FMS Traders offers its traders six different account sizes with a 2-Phase Evaluation process. You can choose from:

  • $5,000 account balance for $100
  • $10,000 account balance for $175
  • $25,000 account balance for $320
  • $50,000 account balance for $430
  • $100,000 account balance for $659
  • $200,000 account balance for $1,250

The Evaluation Process is structured by Phase 1 and Phase 2. The differences between them are that for Phase 1, the Profit Target is 10% with no minimum trading days requirement, and the Trading Period is up to 30 days. In contrast, for Phase 2, the Profit target is 5% with a minimum of 10 trading days requirement, and the Trading period is up to 60 days.

The profit split is a high 80%, with a maximum daily loss of 5% and a maximum overall loss of 10%. You are allowed to trade forex pairs, commodities, indices, and cryptocurrencies, which makes it great for many traders.

You are allowed to trade on MetaTrader 4 while also being allowed to trade during news, hold trades overnight and during the weekends.

What makes FMS Traders different from other prop firms?

FMS Traders is different from most industry-leading prop firms due to having relaxed trading rules with almost no restrictions. For example, you can trade during news, hold trades overnight, and during the weekends.

Compared to other prop firms, FMS Traders also offers up to 100:1 leverage and a relatively low-profit target of 10% in Phase 1 and 5% in Phase 2. Identical to FTMO who also has an Evaluation Process made out of Phase 1 with a Profit Target of 10% and Phase 2 with a Profit Target of 5%. The Phase-1 Evaluation Process stage has no minimum trading days, while Phase-2 has 10 minimum trading days. In comparison, My Forex Funds have 5 minimum trading days for their Evaluation Process, while FTMO has 10 minimum trading days for each Phase.

Another difference from most prop firms is that payouts are available bi-weekly, which means every 14 days with a high-profit split of 80%.

The only prohibited strategies are copy-trading, micro scalping, and the use of any type of EA’s.

In conclusion, getting funding from FMS Traders can be acquired by many different strategies due to their relaxed trading rules with almost no restrictions. You should focus on fulfilling the profit target while not going below the maximum daily and total loss limits.

Is getting FMS capital realistic?

It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit your forex trading style. For example, a company offering a high % profit split on a highly funded account sounds great, but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.

After considering all of that, FMS Traders is a great choice to get funded with. This is since you need to pass an Evaluation Process made out of 2 Phases.

The rules for the Evaluation Process are realistic since the Profit Target in Phase 1 is 10% and in Phase 2 only 5% with a maximum daily loss limit of 5% and maximum total loss limit of 10%. Weekend holding, overnight holding, and news trading are also allowed, which is excellent for Day Traders and Swing Traders looking for capital up to $1,000,000.

Payment proof

FMS Traders was incorporated in April 2021. After getting funded, traders are eligible for bi-weekly payouts with no minimum profit targets.

You can see examples of payment proof in the two following youtube videos:

https://www.youtube.com/watch?v=tiHgY6914JA
https://www.youtube.com/watch?v=KRGT0oTqsDo

Which broker does FMS Traders use?

FMS Traders uses Nash Markets as their broker. Their headquarters are located at Suite 305, Griffith Corporate Centre, Beachmont, Box 1510 Kingstown, St. Vincent and the Grenadines.

They are an STP (straight-through processing) brokerage with a goal to provide their clients with efficient data regarding their results.

As for trading platforms, they allow you to trade on Meta Trader 4.

Trading instruments

FMS Traders allows you to trade forex pairs with 100:1 leverage, commodities with 40:1 leverage, indices with 30:1 leverage, and cryptocurrencies with 2:1 leverage.

FOREX:EURUSDUSDJPYGBP/USDUSDCHFUSDCAD
AUDUSDNZDUSDAUDJPYAUDNZDCADCHFCADJPY
CHFJPYEURAUDEURCADEURCHFEURGBPEURJPY
EURNZDGBPAUDGBPCADGBPCHFGBPJPYGBPNZD
NZDCADNZDCHFNZDJPYCADSGDEURCZKEURDKK
EURHKDEURHUFEURNOKEURPLNEURSEKEURSGD
EURTRYEURZARGBPDKKGBPNOKGBPSEKNOKSEK
USDCNHUSDCZKUSDDKKUSDHKDUSDHUFUSDILS
USDMXNUSDNOKUSDPLNUSDRUBUSDSEKUSDSGD
USDTRYUSDZAR
COMMODITIES:COPPERXAGUSDXAUUSDXPTUSD
INDICES:DAXESP35EUSTX50FRA40JPN225
NAS100NGASSPX500UK100
CRYPTO:BATUSDBCHUSDBNBUSDBTCUSDDASHUSD
DOGEUSDEOSUSDETCUSDETHUSDIOTAUSDLTCUSD
NEOUSDOMGUSDTRXUSDUKOilXLMUSDXMRUSD
XRPUSDZECUSD

Education & Support for traders

FMS Traders does not provide any educational content on its website.

They provide a well-structured dashboard that all of their clients can access, making it easier to manage risk with all the objectives about their statistics.

Trader dashboard – Statistics page with open positions

Traders comments about FMS Traders

FMS Traders has great feedback from reviews.

On Trustpilot, they have a large variety of their community commenting and giving positive feedback with a great score of 3.9/5 out of 134 reviews. They also have a support team that will provide you with all the necessary information you require from them.

Their community praises the simple process and trading rules that they provide.

Most of the FMS Traders community has positive feedback on Raul Gonzales, who recently took over the firm and was able to fix inefficiencies within the firm. 

Social media statistics

FMS Traders can also be found on social media.

They have a:

  • Instagram account with 18,9k followers, and
  • Youtube channel with 2,05k subscribers and 1 uploaded video.

Support

FMS Traders has a FAQ page where you might find the missing information.

The support team is available on their social media, or you can directly contact them on their email support@fmstraders.com.

Their live chat support team on their website is available 24/5 from Monday – Friday.

Conclusion

In conclusion, FMS Traders is a legitimate prop firm offering funding upon completion of the Evaluation Process for traders worldwide. With funding from $5,000 up to $1,000,000 per trader or strategy in balance with a high 80% profit split, bi-weekly payments, and relaxed trading rules, it’s a great firm for undercapitalized traders seeking investors for their trading.

You should keep in mind that you are prohibited from using any of the following trading strategies: copy-trading, micro scalping, any use of EA’s.

I would recommend FMS Traders to anyone who has been reaching consistent results while trading forex pairs, commodities, indices, or crypto. While they are still a relatively new firm, they offer excellent conditions for a big pool of different trading styles for individuals.

This review about FMS Traders was lastly updated on 05.05.2022 at 12:32 (CE(S)T)

So, what do you think about the layout of the Proprietary Trading firm? Does FMS Traders have the instruments that you want to trade?

Let us know if you enjoyed our FMS Traders Proprietary Trading firm review!

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FMS Traders Review (5% cashback) Details

Trading platform
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Account size up to:
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*Choose your account size and make a payment
4.0
Fees
4.0
Trading platform
4.0
Deposit and withdrawal
4.0
Customer Support
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