According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 10 USDT
- Web platform
- Mobile Apps
- FMC token holders can get up to 90% commission discount
Our Evaluation of FMCPAY
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
FMCPAY is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.51 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FMCPAY clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
FMCPAY is a global provider of mobile trading apps compatible with various operating systems, offering convenient access to trading anytime, anywhere. Clients enjoy low fees, fast trading speeds, and 24/7 support.
Brief Look at FMCPAY
FMCPAY is a cryptocurrency exchange founded in 2021 by FUINRE Inc., a U.S.-registered company. It facilitates trading of over 30 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), as well as other popular tokens. The platform supports staking and peer-to-peer (P2P) currency exchange between clients. FMCPAY has implemented robust security measures, such as encryption and multi-factor authentication, and established an internal client fund to safeguard assets. In December 2023, FMCPAY was officially listed on CoinMarketCap. By November 2024, the platform had achieved significant growth and market adoption, boasting 2 million clients and expanding its services to 65 countries.
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- Low standard spot trading fees with the potential for 10–90% reductions.
- Many tools and options are available, including over 60 cryptocurrency pairs, tokenized stocks, staking, P2P, margin, and spot trading.
- User-friendly trading platforms, including web interfaces and mobile apps for iOS and Android.
- 24/7 client support.
- The platform does not support direct deposits or withdrawals in fiat currencies.
- No demo account is available.
TU Expert Advice
Author, Financial Expert at Traders Union
FMCPAY is a cryptocurrency exchange providing mobile trading apps and access to over 30 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. The platform offers staking and P2P currency exchange, with low-standard spot trading fees, a wide array of cryptocurrency pairs, and a user-friendly interface. FMCPAY's mobile apps for iOS and Android facilitate effortless trading, complemented by 24/7 client support and the benefits of the native FMC token, which can reduce trading fees by up to 90%.
On the downside, FMCPAY does not support direct fiat currency deposits or withdrawals, and the absence of a demo account can be inconvenient for beginners aiming to practice without risk. Additionally, a limited range of supported coins and markets may not meet the expectations of advanced traders seeking more diverse investment options. Considering these factors, FMCPAY could be a fitting choice for active cryptocurrency traders and those focused on low-cost trading, but it may not suit traders requiring extensive market variety or fiat options.
FMCPAY Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Web platform, and mobile applications for iOS and Android |
|---|---|
| 📊 Accounts: | Real |
| 💰 Account currency: | USDT, BTC, ETH and other cryptocurrencies |
| 💵 Deposit / Withdrawal: | Cryptocurrency transactions, and P2P exchange |
| 🚀 Minimum deposit: | 10 USDT |
| ⚖️ Leverage: | Up to 1:100 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | Depends on the trading pair |
| 💱 Commission: | Spot: 0,04%-0,04% |
| 🔧 Instruments: | 65 supported coins. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Limit, Market, Stop Limit |
| ⭐ Trading features: | FMC token holders can get up to 90% commission discount |
| 🎁 Contests and bonuses: | Yes |
Clients can trade spot and margin, allowing for various trading strategies. FMCPAY offers a P2P platform that supports a wide range of fiat currencies, enabling traders worldwide to conduct secure and convenient trades.
FMCPAY Key Parameters Evaluation
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Regulation and safety
With a 5.25/10 score, FMCPAY demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- 2FA
- No successful hacks history
- Cold wallet storage
- Not tier-1 regulated
- No facial recognition
- Not government-regulated
- No investor protection fund
FMCPAY Security Factors
We also compared FMCPAY against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| FMCPAY | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is FMCPAY a regulated crypto exchange?
FMCPAY is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean FMCPAY is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at FMCPAY?
Yes, KYC verification is mandatory at FMCPAY. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is FMCPAY available?
FMCPAY complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Spain, United Kingdom, Australia, Canada, Philippines, Israel, Cyprus, Sweden, Latvia, Romania, Portugal, Switzerland, Netherlands, Singapore, France, Italy, Poland, Belgium, Norway, Czech Republic, Japan, Finland, Bulgaria, Korea, Estonia, Austria, Denmark, Germany, Lithuania, Ireland, Slovakia, Hungary, Slovenia, Croatia, Montenegro. For the most up-to-date information on regional availability, please contact FMCPAY support.
Is FMCPAY available in the USA?
FMCPAY is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: OKX, Kraken, Crypto.com .
FMCPAY commissions and fees
FMCPAY has earned a rating of 8.25/10 for its trading fees. This makes it a highly attractive choice for active traders seeking to reduce costs, as FMCPAY is a platform with minimal crypto trading costs.
- Spot fee below industry average
- No deposit fee
- No P2P fee
- Withdrawal fee may be applied
What are FMCPAY trading fees?
We analyzed FMCPAY’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
FMCPAY trading fees vs competitors
| FMCPAY | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,04 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,04 | 0,22 | 0 | 0.194 |
What are FMCPAY deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | Network fees |
Does FMCPAY offer P2P trading?
Yes, FMCPAY offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.FMCPAY P2P Fees
Deposit and withdrawal
FMCPAY received a 3.5/10 rating for its deposit and withdrawal services. FMCPAY offers limited funding options and may charge fees, which could be inconvenient for many users.
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- P2P for flexible transfers
- No support for bank card payments
- Bank transfers not available
- No Google Pay option
Deposit and withdrawal options
FMCPAY supports the following deposit and withdrawal options: Crypto.
FMCPAY Deposit and withdrawal options vs competitors
What is FMCPAY minimum deposit?
The minimum deposit at FMCPAY is 10 USD/USDT or 0,0001 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
FMCPAY minimum deposit vs competitors
| FMCPAY | OKX | Kraken | |
| Minimum deposit, USD or USDT | 10 | 10 | 10 |
| Minimum deposit, BTC | 0,0001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does FMCPAY support fiat money?
FMCPAY does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
FMCPAY received a score of 2/10 in this category, indicating a modest offering of assets and markets. While FMCPAY covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Staking available
- Other supported products
- NTFs not available
- Crypto options not available
FMCPAY supported coins and markets vs competitors
We compared FMCPAY with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| FMCPAY | OKX | Kraken | |
| Supported coins | 65 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
FMCPAY passive income options vs competitors
We also compared FMCPAY with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
FMCPAY received a score of 4.5/10 The mobile and web apps provide a satisfactory experience with standard tools, , but the lack of professional-grade features limits their appeal to advanced users.
- Positive user feedback on the iOS app
- App data protection with 2FA
- Mobile indicators allowed
- No trading bots for traders
- No access to TradingView features
- No standalone desktop access
Trading apps
FMCPAY provides web and mobile apps for both Android and iOS users, with an average rating of iOS App Score on the App Store and Android App Score on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the FMCPAY platform is for mobile use.
| FMCPAY | Bybit | |
| 2FA | Yes | Yes |
| Face ID | No | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | No | Yes |
| Advanced Orders | No | Yes |
| Trading with bots | No | Yes |
| API | No | Yes |
| Extra trading platforms | No | MT4 |
Does FMCPAY offer a desktop app?
No, FMCPAY does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does FMCPAY offer advanced charting with TradingView integration?
No, FMCPAY does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Official site | https://fmcpay.com/ |
|---|
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