FTM BROKERS
Pros and Cons
Pros
- Regulated by the National Bank of the Republic of Belarus
- Diverse trading instruments including Forex, Commodities, Indices, Stocks, and Cryptocurrencies
- Access to popular trading platforms: MetaTrader 4 and MetaTrader 5
- Educational resources including video tutorials and webinars
- Multiple account types catering to different trader levels
Cons
- Limited withdrawal options (only bank transfer or card)
- High minimum withdrawal amount ($1,000)
- No PAMM or MAM account options available
- Not tier-1 regulated, which may raise security concerns
- Customer support may have long waiting times
Basic Information
User Reviews
FTM BROKERS Overview
FTM Brokers is a Belarusian forex broker that has been operating since 2004, providing a range of trading services to clients. The company, officially known as FTM Brokers LLC, is headquartered in Belarus and has established itself as a regulated entity, having obtained a forex license from the country’s central bank. This regulatory oversight ensures that FTM Brokers adheres to industry standards, fostering a secure trading environment for its users.
Is FTM BROKERS Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| National Bank of the Republic of Belarus | Belarus | Segregated Funds |
Is FTM BROKERS Regulated and How Are Client Funds Protected?
FTM Brokers is a regulated forex broker, holding its license from the National Bank of the Republic of Belarus since 2016. This regulatory status ensures that the broker adheres to the financial regulations set forth by the Belarusian authorities, which are designed to protect investors and maintain market integrity. Client funds are generally safeguarded through the practice of maintaining segregated accounts, ensuring that client deposits are kept separate from the broker’s operational funds. This provides an additional layer of security for traders, as funds are protected in the event of the broker facing financial difficulties. While FTM Brokers operates under the oversight of the National Bank of Belarus, the specific details of additional safety measures or compensation schemes beyond this regulatory framework are not extensively documented, prompting potential clients to inquire directly with the broker for comprehensive safety assurances.
Trading Products and Services
What trading instruments does FTM BROKERS offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs (e.g., EUR/USD, GBP/JPY) | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US (e.g., Apple, Tesla), UK (e.g., BP, Vodafone) | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
FTM Brokers offers a diverse range of trading instruments across multiple asset categories, including Forex, Commodities, Indices, Stocks, and Cryptocurrencies. This variety caters to different trading styles and preferences, ensuring that both beginners and experienced traders can find suitable options to meet their investment goals. By providing access to various markets, traders can engage in portfolio diversification, allowing them to implement flexible trading strategies that align with their risk tolerance and investment horizon. Overall, the broker’s comprehensive suite of financial products enhances the trading experience and supports users in navigating the dynamic landscape of global markets.
Account Types and Trading Conditions
What Account Types and Fees Does FTM BROKERS Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| FTM Comfort | Beginners | Fixed spread of 1 pip, no minimum deposit | Suitable for small-capital practice |
| FTM Standard | Intermediate Traders | Floating spread starting at 0.9 pips, requires $200 minimum deposit | Suitable for traders looking for flexible trading conditions |
| FTM Pro | Experienced Traders | Market spread with minimum spread of 0 pips, requires $1,000 minimum deposit | Ideal for high-volume traders |
Account Opening Process
To open an account with FTM Brokers, follow these steps: visit the FTM Brokers website, select your desired account type (Comfort, Standard, or Pro), and complete the registration form with your personal information. You will need to verify your identity by submitting a valid ID and proof of address. Once registered, you can fund your account according to the minimum deposit requirements and download the MetaTrader 4 platform, allowing you to start trading. Additionally, you have the flexibility to upgrade to a professional account in the future if you meet the necessary criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for majors |
| CFDs (Stocks, Indices, Commodities) | Varies | 0.04% on securities | Dependent on the specific instrument |
| Cryptocurrencies (BTC, ETH) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
FTM Brokers may charge various fees including deposit and withdrawal fees, inactivity fees, and overnight interest (swap rates). Additionally, there may be currency conversion fees applicable when trading in different currencies. It is advisable to check directly with the broker for the most accurate and up-to-date information regarding all potential costs associated with trading.
Trading Platforms and Apps
What Trading Platforms and Apps Does FTM BROKERS Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, iOS, Android | Two-factor authentication, multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | Advanced charting tools, market depth, economic calendar, one-click trading | Demo accounts, VPS |
| Web Version | Any device with internet access | Secure login, symbol lookup, customizable interface | Demo accounts |
| Mobile App | iOS, Android | Real-time alerts, quick order execution, market monitoring | Demo accounts |
FTM Brokers offers a range of platforms suited for different trading needs. MetaTrader 4 is popular among beginners for its user-friendly interface and essential trading tools, while MetaTrader 5 caters to advanced traders with its comprehensive analytical features. The mobile app enables traders to manage their accounts and execute trades on the go, ensuring flexibility and responsiveness to market changes. All platforms emphasize secure logins and fast order execution, enhancing the overall trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $50, Max $20,000 per transaction | USD, EUR, BYN |
| Credit/Debit Card | Instant | No platform fee | Min $50, Max $15,000 per transaction | USD, EUR |
| E-wallets (e.g., Skrill, Neteller) | Instant | 1.5% fee | Min $50, Max $10,000 per transaction | USD, EUR |
Minimum Deposit
FTM Brokers requires a minimum deposit of $0 for the FTM Comfort account type, whereas the FTM Standard account requires a minimum deposit of $200, and the FTM Pro account requires a minimum deposit of $1,000. The minimum deposit may vary depending on the chosen account type, but there are no restrictions based on payment method or region.
How to Withdraw
To withdraw funds from your FTM Brokers account, follow these steps: 1. Log in to your FTM Brokers account. 2. Navigate to the ‘Withdrawal’ section. 3. Select your preferred withdrawal method (Bank Transfer, Credit/Debit Card, or E-wallet). 4. Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits. 5. Confirm your withdrawal request. 6. Wait for the processing time to complete, depending on your selected withdrawal method.
Customer Support
FTM Brokers Customer Support Overview
Support Channels
FTM Brokers offers multiple contact methods for customer support, ensuring that traders can easily reach out for assistance. The main contact options include:
- Email: Clients can send inquiries to the support email address for detailed assistance.
- Live Chat: Immediate support is available through the live chat feature on the FTM Brokers website, allowing for real-time communication.
- Telephone: Customers can reach FTM Brokers by phone for direct assistance during support hours.
- Social Media: The broker is also present on various social media platforms, providing another avenue for customer engagement and support.
Service Availability
FTM Brokers provides customer support from Monday to Friday, ensuring that traders can receive help when needed. While specific hours of availability are not detailed, it is recommended to inquire directly for precise timings. Multilingual support may also be available, facilitating communication for clients speaking different languages.
Additional Resources
FTM Brokers enhances the customer experience with valuable educational resources. Traders can access video tutorials, webinars, and market analysis to improve their trading skills and knowledge. These resources contribute to a well-rounded support system, helping clients make informed trading decisions.
Frequently Asked Questions
Yes, FTM Brokers is regulated by the National Bank of the Republic of Belarus, having obtained its forex license in 2016. This regulatory oversight ensures adherence to financial regulations designed to protect investors.
FTM Brokers offers three types of trading accounts: FTM Comfort for beginners with no minimum deposit, FTM Standard for intermediate traders with a minimum deposit of $200, and FTM Pro for experienced traders requiring a minimum deposit of $1,000.
Client funds at FTM Brokers are protected through the practice of maintaining segregated accounts. This means that client deposits are kept separate from the broker’s operational funds, providing an additional layer of security in case of financial difficulties.
FTM Brokers provides a variety of trading platforms including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are accessible on multiple devices such as Windows, macOS, iOS, and Android. They also offer a web version and a mobile app for trading on the go.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.