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
- MetaTrader4
- NBRB
Our Evaluation of FTM Brokers
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
FTM Brokers is a broker with higher-than-average risk and the TU Overall Score of 4.99 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FTM Brokers 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.
FTM Brokers, a licensed broker, leverages modern technology to provide secure and stable trading. With competitive conditions and strict adherence to international standards, FTM Brokers ensures reliable order execution and client fund protection. Its commitment to regulatory compliance and international standards establishes it as a dependable partner for traders.
Brief Look at FTM Brokers
FTM Brokers is a Forex broker operating since 2016. It is regulated by the National Bank of the Republic of Belarus, ensuring compliance with rigorous legal standards. Founded by ForexLine, a consulting firm established in 2002, FTM Brokers provides trading on the MetaTrader 4 trading platform. Clients gain access to a diverse range of financial instruments, including currency pairs, CFDs on stocks, stock indices, commodities, and metals. The broker offers market order execution, accounts with both fixed and floating spreads, leverage up to 1:200, and support for algorithmic trading and expert advisors.
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- Regulation by the National Bank of the Republic of Belarus ensures high reliability and transparency.
- A low minimum deposit of just $10 for all account types.
- A variety of trading accounts, as well as a demo account on MT4.
- A wide selection of CFDs, ETFs, and currency pairs.
- The popular MetaTrader 4 platform is available on multiple devices.
- Market execution for fast and accurate order processing without requotes.
- High-quality analytics, including daily market reviews and technical analysis, along with educational materials for beginner traders.
- Withdrawals are only available via bank transfer or to a card, with a minimum withdrawal amount of $1,000.
- Investing in PAMM or MAM accounts is not available.
TU Expert Advice
Author, Financial Expert at Traders Union
FTM Brokers offers a varied selection of trading instruments, including Forex pairs and CFDs on stocks, indices, metals, and ETFs, all accessible via the MT4 platform. The broker provides three account types with leverage up to 1:200 and supports market execution for real-time trading. With a low minimum deposit of $10 and comprehensive educational resources, FTM Brokers caters to traders seeking flexible and accessible trading conditions without hefty initial investments.
However, FTM Brokers has some drawbacks to consider. The lack of Tier-1 regulation and restrictions on withdrawals, limited to bank transfers or cards with a $1,000 minimum, are significant factors. Additionally, passive investors may find the absence of PAMM and MAM accounts restrictive. Overall, FTM Brokers could be suitable for active traders who prioritize lower initial deposits, but may not be ideal for those seeking passive investment options or advanced educational tools.
FTM Brokers Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
💻 Trading platform: | MetaTrader 4 (МТ4) |
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📊 Accounts: | Demo, FTM.COMFORT, FTM.STANDARD, FTM.PRO |
💰 Account currency: | USD |
💵 Deposit / Withdrawal: | Cash deposits at branches of Savings Bank Belarusbank, payment cards, bank transfers, electronic payment system ERIP, deposit from a cell phone (for owners of Belarusian SIM cards) |
🚀 Minimum deposit: | $10 |
⚖️ Leverage: | Up to 1:200 |
💼 PAMM-accounts: | No |
📈️ Min Order: | 0.01 lots |
💱 EUR/USD spread: | 0,1 pips |
🔧 Instruments: | Forex, CFDs on stocks, cryptocurrencies, indices, metals, energies, ETFs. |
💹 Margin Call / Stop Out: | Stop out: 30-50% depends on the account type |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Order execution: | Market |
⭐ Trading features: | Accounts with floating and fixed spreads, trading in different MT4 versions. |
🎁 Contests and bonuses: | Yes |
FTM Brokers provides trading on the MetaTrader 4 trading platform with leverage up to 1:200 and spreads starting from 0 pips. There are three account types with different conditions for spreads, Stop-out levels, and minimum margin requirements. Trading is conducted with market execution and no requotes, allowing the use of expert advisors and signals for automated trading.
FTM Brokers Key Parameters Evaluation
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Trading Account Opening
Opening an account with FTM Brokers involves several steps:
Registration. On the official FTM Brokers website, click "Real Account" and complete the registration form, providing personal details, including your full name, email address, phone number, and country of residence.
Account selection. The next step is to choose your preferred trading platform, account type, and deposit currency.
Terms acceptance. Before finalizing registration, review and agree to the company's terms and conditions. Upon confirmation, the account is created.
Login details. Following successful registration, clients receive an email containing their user account login credentials and deposit instructions.
Regulation and safety
FTM Brokers has a safety score of 1.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Flexible trading conditions with high leverage and less bureaucracy
- Not tier-1 regulated
- Not regulated
- No negative balance protection
- Track record of less than 8 years
FTM Brokers Security Factors
Foundation date | - |
Negative balance protection | No |
Verification (KYC) | Yes |
FTM Brokers is Not a Regulated Broker
Commissions and fees
The trading and non-trading commissions of broker FTM Brokers have been analyzed and rated as Medium with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- Above-average Forex trading fees
- Withdrawal fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of FTM Brokers with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, FTM Brokers’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
FTM Brokers Standard spreads
FTM Brokers | Pepperstone | OANDA | |
EUR/USD min, pips | 1,4 | 0,5 | 0,1 |
EUR/USD max, pips | 2 | 1,5 | 0,5 |
GPB/USD min, pips | 1,5 | 0,4 | 0,1 |
GPB/USD max, pips | 2,4 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
FTM Brokers RAW/ECN spreads
FTM Brokers | Pepperstone | OANDA | |
Commission ($ per lot) | 0,006-0,05% | 3 | 3,5 |
EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
GBP/USD avg spread | 0,2 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with FTM Brokers. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
FTM Brokers Non-Trading Fees
FTM Brokers | Pepperstone | OANDA | |
Deposit fee, % | 0 | 0 | 0 |
Withdrawal fee, % | 0,1-0,15 | 0 | 0 |
Withdrawal fee, USD | From 1,5 to 150 USD | 0 | 0-15 |
Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
FTM Brokers provides three live accounts, all of which feature market execution and access to the MetaTrader 4 trading platform.
Available accounts are:
Deposit and withdrawal
FTM Brokers received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
FTM Brokers offers limited payment options and accessibility, which may impact its competitiveness.
- No deposit fee
- Bank card deposits and withdrawals
- Low minimum withdrawal requirement
- Minimum deposit below industry average
- PayPal not supported
- BTC not available as a base account currency
- Wise not supported
What are FTM Brokers deposit and withdrawal options?
FTM Brokers offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire. This limitation may restrict flexibility for users, making FTM Brokers less competitive for those seeking diverse payment options.
FTM Brokers Deposit and Withdrawal Methods vs Competitors
FTM Brokers | Plus500 | Pepperstone | |
Bank Wire | Yes | Yes | Yes |
Bank card | Yes | Yes | Yes |
PayPal | No | Yes | Yes |
Wise | No | No | No |
BTC | No | No | No |
What are FTM Brokers base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. FTM Brokers supports the following base account currencies:
What are FTM Brokers's minimum deposit and withdrawal amounts?
The minimum deposit on FTM Brokers is $10, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FTM Brokers’s support team.
Markets and tradable assets
FTM Brokers offers a limited selection of trading assets compared to the market average. The platform supports 35 assets in total, including 28 Forex pairs.
- Crypto trading
- Indices trading
- ETFs investing
- Futures not available
- Copy trading not available
FTM Brokers Supported markets vs top competitors
We have compared the range of assets and markets supported by FTM Brokers with its competitors, making it easier for you to find the perfect fit.
FTM Brokers | Plus500 | Pepperstone | |
Currency pairs | 28 | 60 | 90 |
Total tradable assets | 35 | 2800 | 1200 |
Stocks | Yes | Yes | Yes |
Commodity futures | No | Yes | Yes |
Crypto | Yes | Yes | Yes |
Stock indices | Yes | Yes | Yes |
Options | No | Yes | No |
Investment options
We also explored the trading assets and products FTM Brokers offers for beginner traders and investors who prefer not to engage in active trading.
FTM Brokers | Plus500 | Pepperstone | |
Bonds | No | No | No |
ETFs | Yes | Yes | Yes |
Copy trading | No | No | Yes |
PAMM investing | No | No | Yes |
Managed accounts | No | No | No |
Customer support
FTM Brokers provides support for existing and potential clients Monday through Friday from 9:00 to 18:00 (GMT+3).
Advantages
- Online chat on the website
- Support via Telegram
Disadvantages
- Support is unavailable on Saturdays and Sundays
Support is available through:
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Live chat on the website.
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Email.
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Phone.
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Telegram.
Contacts
Registration address | 2220004, 5 Pobeditelei (BC Aleksandrovskiy), Office 214, 2nd Floor, Minsk, Republic of Belarus |
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Regulation | NBRB |
Official site | https://www.ftm.by/en/ |
Contacts |
+375 (29) 608-06-86 +375 (29) 808-06-86
|
Education
FTM Brokers offers comprehensive training for traders of all experience levels. Beginners can access introductory courses, video materials, and practical lessons to help them grasp the basics of Forex trading. More experienced traders can benefit from advanced programs covering trading strategies, technical analysis, and risk management.
Comparison of FTM Brokers with other Brokers
FTM Brokers | Bybit | Eightcap | XM Group | Exness | Vantage Markets | |
Trading platform |
MetaTrader4 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5, TradingView, ProTrader, Vantage App |
Min deposit | $10 | No | $100 | $5 | $10 | $50 |
Leverage |
From 1:1 to 1:200 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
Trust management | No | No | No | No | No | No |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 0 points | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points |
Level of margin call / stop out |
30% / 50% | No / 50% | 80% / 50% | 100% / 50% | 60% / No | 100% / 50% |
Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution |
No deposit bonus | No | No | No | No | No | No |
Cent accounts | No | No | No | No | Yes | No |
Detailed Review of FTM Brokers
FTM Brokers focuses on providing high-quality trading conditions with modern technology tailored to traders' needs. The company utilizes market execution without requotes, ensuring clients receive real-time price quotes.
The broker offers a wide range of trading instruments, including currency pairs, metals, oil, stock indices, and various types of securities. CFD trading is available for stocks of over 60 major companies from Russia, the U.S., and other countries, allowing traders to profit from both rising and falling prices. Additionally, ETF stocks stand out as an option, offering a diversified portfolio in a single security traded on an exchange, providing investors with broader diversification opportunities.
FTM Brokers’ trading platforms:
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A powerful trading platform compatible with Windows, macOS, Android, and iOS devices.
FTM Brokers by the numbers:
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Operating since 2016.
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70+ trading instruments.
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3 account types.
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Leverage up to 1:200.
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The maximum trade volume on FTM.PRO accounts is 100 lots.
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The maximum number of orders across all account types is 500.
Services offered by FTM Brokers:
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Access to trading foreign currencies, metals, oil, stock indices, and securities through the MetaTrader 4 trading platform.
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Educational materials, including video tutorials, introductory courses, and advanced training programs for traders of all experience levels.
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Daily webinars, technical analysis, forecasts, and an economic calendar to keep clients informed about the latest financial market trends.
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Promotions and loyalty programs, including spread rebates, commission-free deposits, and exclusive benefits for Premium Club members.
Promotions and bonuses:
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Spread rebate program (partial refund on the spread).
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Commission-free deposits.
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Loyalty program.
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Premium Club bonuses for deposits over $5,000.
Advantages:
High leverage up to 1:200, increasing trading opportunities.
Comprehensive educational materials, including beginner-friendly courses for those without prior trading experience.
Loyalty programs with bonuses and special promotions for active traders.
Opportunity to earn additional income by referring new clients through the partner program.
A demo account is available, allowing traders to practice strategies without the risk of losing real funds.
Responsive client support via live chat, email, and phone.
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