Yes there are phones with true fm radio. My droid x had it. The international versions of the g3 have it. Hell the Korean versions have a broadcast TV antenna. The TV thing wouldn't work in the states even if it was activated but the fm radio would with headphones serving as the antenna. Why can't we activate it Verizon?
Yes, many phones have built-in chips that support true FM stereo reception. Many of these phones come with FM receiver software pre-installed. Others don't have the software and in many cases the FM receiver chip is not activated. In some cases the chip can be activated by way of rooting or is active but the software was never provided and can be installed via third party apps as linked to above.
As you'll see below, even the app linked to above discusses in the instructions the problem with manufacturers preventing access to the FM radio in their phones by way of third party apps. Also as I've said, in many cases phones have the chip but either must be modified or its active but there is no third party app that will work with them. It's hit or miss finding an app that actually functions properly.
The Next Radio app is supported by Sprint for the LG G3 so I presume the FM radio option is available in the states. Will a "factory unlocked" LG G3 have the FM radio feature, and will activating the phone on Verizon's network kill the FM radio option? Thanks.