fmstraders.com Reviews 

123
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TrustScore 2.5 out of 5

2.4

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Rated 5 out of 5 stars

Superb above the rest! Finally after investing tons of time and money into so many “guru’s “ I have received the help and confidence to become successful! I got a return on investment right after the... See more

Rated 1 out of 5 stars

Currently a funded fms trader. Had two trades manipulated one in massive drawdown that they entered at a price where current price wasn’t even at and a winning trade closed without my permission. Fms... See more

Rated 1 out of 5 stars

After receiving payout late with no ability to trade in the interim. My max DD has now been lowered with the promotional increased profit split not being included. FMS/Leveled up society are not a... See more

Rated 1 out of 5 stars

I've opened an account on this funded company and it has been the worst thing ever: - huge commissions - high spread (even if you pay commissions) - support is useless (i haven't received yet... See more

Company details

  1. Investment Service

Written by the company

Funding Made Simple is our passion. We offer traders an educational platform to test their skills in the financial markets. To become an FMS graduate you must advance through our stages of evaluation. Upon successful completion you will be regarded an opportunity to trade and earn 80% of your total profits.


Contact info

2.4

Poor

TrustScore 2.5 out of 5

123 reviews

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2.4

All reviews

(123)

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Rated 5 out of 5 stars

Great company. LamboRaul brought great changes to FMS

Really awesome changes recently put in place, even better than competitors in some areas.

Raul Gonzalez (LamboRaul) (FTMO's highest-paid trader) recently took over FMS, and he has made awesome system changes to fix inefficiencies within the company which were obviously present in past reviews.

You now get your account credentials instantly for stage 1 and stage 2 which FTMO/MFF don't even have. The account metrix dashboard is amazing. I think 2nd best after FTMO. Even better than MyForexFunds.

Also new broker which brings very low comissions

If im correct you can also merge multiple challenges into one challenge to max of $400k. No other company allows that. This would save you a lot of time.

I definitely recommend FMS especially if you like it being backed and run by an actual credible trader, who from his personal experience, knows exactly what a trader would look for in a funding company.

Ignore all of the past reviews before the last month, as the new changes fixed alot of issues.

Definitely give them a try

November 4, 2021
Unprompted review
Rated 5 out of 5 stars

First Official Review

This is my first official and genuine review. This is probably one of the best funding firms for traders out there, very open with their community and very up-front with what they can provide and offer. Newly upgraded metrix system allows for me to get my Login's for my challenges quick and efficiently! Customer service has always exceeded my expectations, has always resolved my problems and is usually pretty quick. The face of the company are people that are well respected in this business and love to see other traders win. This is a 10/10 funding firm!

November 3, 2021
Unprompted review
Rated 1 out of 5 stars

Scammers basically raul and fxalex

Scammers basically raul and fxalex. They promote it on IG and YouTube just to get traders to donate their funds. Passed their challenge and they ran me around in circles for three months till they locked me out they website

November 2, 2021
Unprompted review
fmstraders.com logo

Reply from fmstraders.com

Hello George,
We understand that you had a frustrating experience. Our team is passionate about helping others achieve their goals. Please remember as part of our stage 2 evaluation process, each individual must successfully complete a 5% gain to move onto the next phase. After reviewing your account, we are saddened to see that you did not meet our objectives and violated the rules of the account which lead to the termination of your challenge account.
wish you the best on your journey - FMS

Rated 1 out of 5 stars

Don't waste your time effort and money

Don't waste your time effort and money, they will never give you money back or thousands of money to trade! Scammers .Stay away from them!

October 27, 2021
Unprompted review
fmstraders.com logo

Reply from fmstraders.com

Hello Nikolay,
Once a trader successfully passes the stage 1 and stage 2 evaluation process and moves onto the funded account. They are reimbursed the initial challenge fee along with whatever profit the trader made on their funded account. We would love to help you reach your goals as long as you understand our rules and regulations.
-Sincerely FMS

Rated 1 out of 5 stars

I hedged my position and closed partials, never going over $3800 draw down. Your system also didn't detect any violation. I heard nothing from FMS, so I wasted 4 weeks continuing to trade the account.

I got funded account with them and after trading a full 30 days, I emailed them to review my account for my payout, this was October 15th. I have only been getting ran around with them. Live chat says to send an email, the email says to use the submit account feature on the site, then when I email again to follow up since they didn't respond for almost a week. I said, I've emailed and submitted my account for review, they ask what I meant by "submit" These guys are a big scam. Stay away from them.

October 23, 2021
Unprompted review
fmstraders.com logo

Reply from fmstraders.com

Hello Somkait,
We would love to help you reach your trading goals and dreams by allowing you to trade our capital. After a review of your account you violated the Terms and Conditions by breaching your Max Daily Loss (5%) and your max Loss (10%) via equity drawdown within the same trading day. This is why you where ineligible for your payout which these rules are stated in our FAQ page on the website. For anymore questions or concerns contact our support team.
Sincerely - FMS

Rated 1 out of 5 stars

Garbage

Garbage! I have been waiting for the funded account for almost 4 weeks. Ironically they have traders on YouTube advertising for them. Thay are scammers, I will definitely not lose my money.

October 14, 2021
Unprompted review
fmstraders.com logo

Reply from fmstraders.com

Hello Patrick,
Sorry to hear about your experience. After reviewing your profile on our system, we can see your now one of our funded traders now and did in fact receive your funded account. We had a big system migration which solved all of the issues with delayed accounts and you can now receive your credentials within minutes after purchase and passing stage1 / stage 2. You purchased your account before our migration which we apologize for the delay and inconvenience.

Rated 1 out of 5 stars

Dog sh!t company I have been waiting 2…

Dog sh!t company I have been waiting 2 weeks now for my verification credentials every time I talk to customer service they tell me any day which is bull sh!t. I have never written a review but I would just stick to FTMO.

October 4, 2021
Unprompted review
Rated 1 out of 5 stars

Funded account - negative experience

I've opened an account on this funded company and it has been the worst thing ever:
- huge commissions
- high spread (even if you pay commissions)
- support is useless (i haven't received yet the metrics for my account even if I started trading since 1 week)
- nobody from support couldn't tell me if I breached the rules or not (i'm not talking about my trading mistakes here, but want to let know other people who want to choose this company)
- no lot restriction or other restrictive terms (which is awesome, have to admit).
Conclusion:
I wouldn't choose this company again!
Thank you!

September 22, 2021
Unprompted review
Rated 1 out of 5 stars

Fms is horrendous

Fms is horrendous, let me MAKE IT SIMPLE to you:

Big spreads - Could potentially make you break rules.

Poor live customer service - They literally respond to you with a copy and paste of the info that's already on their website.

Late Responses: It can take over a week to get your credentials, emails responses from customer support. (I happen to have that I was also given someone else's credentials along with my own)

Poor Written Guidelines: Their own team can't even explain their own guidelines - When I had an account there, I read the guidelines that were talking about "Breaking the rules", and it said "If a rule is broken a trader can start from the beginning" I was curious about that since I haven't seen that anywhere else, so I asked SUPPORT what happens if someone breaks the rules, they told me that they can start over again and I also told them even If I bought a real account, and they said yes, so I broke a rules due to commissions/spread because you also have to maintain your 10% profit target. Now they changed (free trial only) that but if you take a look at their "rules", they offer little to no information.

This "Propfirm" is really sus, they don't even have an About Us section.

September 9, 2021
Unprompted review
Rated 1 out of 5 stars

A SCAM stay away first the customer…

A SCAM stay away first the customer service is non existent, take forever to get your credentials, when you get them metrics not right, spread and commission is HIGH higher than any broker I’ve every used, you can’t find no information on who owns it just the puppet owner we is connected to who everybody believes owns it but wants to keep his name from it when this “Propfirm” falls flat you better off going to another propfirm with reviews of payouts then this STAY AWAY

September 3, 2021
Unprompted review
Rated 1 out of 5 stars

This is the first review I have written…

This is the first review I have written off my own back, and for good reason - these guys are absolute COWBOYS!!

where do I start...

The live chat is run by people who must glance at your queries and chose to answer them as vaguely as possible.

I took over a week to get my credentials after paying a fee, I was also given someone else's credentials along with my own.

After submitting my form for completion of phase 1 it took 2 weeks for a response only to be told that I had to reach 10%. I had reached circa 11% at time of submission and subsequently fell down to over 9%. The rules do not state that you have to remain at 10% or over to pass only that you have to hit it, which I can clearly demonstrate by the new metric function they have.

That leads me onto the most recent issue. I thought the metrics function they have was really good however, after now reaching 19% in profit I have stated I failed my max daily loss of 5% by 29 cents - limit being $273. the losing trade in question was only a $100 loss on a BTC trade. I checked to see if there was any commission costs etc for BTC but there isn't from what I can tell, only a big spread.

So please run a mile from these people!!!

September 1, 2021
Unprompted review
Rated 4 out of 5 stars

Early days but I paid for the 100 k…

So far so good .the only concern if any is they were slow to give account details once 50k challenge had been purchased which made me nervous. Ftmo is much quicker.
However, so far , I’m loving the freedom of being able to trade crypto and being able to hold and trade over the weekends . Less restraints , greater freedom than Ftmo. Only 2 days so far and up +6% .

August 5, 2021
Unprompted review
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