Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
FTM Brokers Pros & Cons
- 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.
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.
TU Expert Verdict
FTM Brokers carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
Top-5 Brokers Traders Prefer
FTM Brokers User Reviews
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17%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria7 /10The trading and non-trading commissions of FTM Brokers have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- 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 OANDA FOREX.com EUR/USD min, pips 1.4 0.1 0.7 EUR/USD max, pips 2 0.5 1.2 GPB/USD min, pips 1.5 0.1 0.9 GPB/USD max, pips 2.4 0.5 1.4 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 OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 0.006-0.05% 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.2 0.2 0.4 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 OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0.1-0.15 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. From 1.5 to 150 USD 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is FTM Brokers Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria1.5 /10FTM 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 NoVerification (KYC) YesFTM Brokers is Not a Regulated Broker
Attention! It's your choice to work with regulated or unregulated brokers, but please consider the risks carefully. Unregulated brokers might offer lower fees and flexible trading options, but they lack investor protection, have a higher fraud risk, and no guarantee of withdrawals. Thoroughly research before deciding.
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.7.5 /10FTM Brokers offers the following account options: Demo, Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Demo account
- Low minimum deposit
- Tight spread ECN account
- No Swap Free account
- No Cent account
FTM Brokers account types vs top competitors FTM Brokers Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNoFTM Brokers accounts trading conditions
FTM Brokers provides three live accounts, all of which feature market execution and access to the MetaTrader 4 trading platform.
Available accounts are:
Account Type Description FTM.COMFORT This account type offers fixed spreads from 2 pips, no minimum margin requirement, and leverage up to 1:200. FTM.STANDARD This account type features floating spreads from 0.9 pips, a minimum margin requirement of $200, and leverage up to 1:200. FTM.PRO This account type provides market spreads from 0 pips, a minimum margin requirement of $1,000, and leverage up to 1:200. Demo account This account type is a virtual MT4 account with a simulated deposit, designed for training, strategy testing, and familiarizing oneself with FTM Brokers' trading conditions. -
Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology4.5 /10FTM 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.
- Minimum deposit below industry average
- Bank wire transfers available
- Bank card deposits and withdrawals
- Low minimum withdrawal requirement
- USDT payments not accepted
- BTC not available as a base account currency
- PayPal 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 Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC NoNoNoWhat are FTM Brokers base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. FTM Brokers supports the following base account currencies: USD.
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.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria3.3 /10FTM Brokers offers a limited selection of trading assets compared to the market average. The platform supports 35 assets in total, including 28 Forex pairs.
- ETFs investing
- Indices trading
- Crypto trading
- Copy trading not available
- Bonds not available
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 Trading.com Plus500 Currency pairs 28 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 35 69 2800 Stocks YesNoYesCommodity futures NoNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment 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 Trading.com Plus500 Bonds NoNoNoETFs YesNoYesCopy trading NoNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at FTM Brokers by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with FTM Brokers in 8 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at FTM Brokers is $10. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Quick KYC verification (1 business day or less)
- Fully online account opening process
- Low minimum deposit requirement
- Account setup process may feel less convenient for beginners
FTM Brokers account opening FTM Brokers Trading.com Plus500 Online Registration YesYesYesMinimum deposit $10 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 8 20 KYC time (days) 1 2 3 Is FTM Brokers available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
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.
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Customer Support
Score:We evaluated Customer Support at FTM Brokers by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria6.1 /10Customer support at FTM Brokers is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. FTM Brokers provides basic support functionality but does not stand out in overall service performance.
InformationFTM Brokers provides support for existing and potential clients Monday through Friday from 9:00 to 18:00 (GMT+3).
- Online chat on the website
- Support via Telegram
- Support is unavailable on Saturdays and Sundays
Support is available through:
- Live chat on the website.
- Email.
- Phone.
- Telegram.
Contacts Registration address 2220004, 5 Pobeditelei (BC Aleksandrovskiy), Office 214, 2nd Floor, Minsk, Republic of Belarus Regulation NBRB Official site https://www.ftm.by/en/ Contacts info@ftm.by +375 (29) 608-06-86 +375 (29) 808-06-86
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FAQs
What do reviews say about regulation and safety at FTM Brokers?
The review notes that FTM Brokers has a safety score of 1.5/10 and is classified as having a low security level, as it is not regulated and does not offer negative balance protection. It also highlights that the broker’s track record is less than 8 years and that unregulated brokers may involve higher risks and lack investor protection, so the potential for fraud and withdrawal issues may be greater compared with regulated firms.
How are FTM Brokers’ trading and non-trading fees described in reviews?
According to the review, FTM Brokers’ overall fee level is rated as medium, with a fees score of 7/10. It mentions low Forex trading fees, tight EUR/USD spreads on some accounts, no deposit or inactivity fees, but notes that withdrawal fees apply, ranging from 0.1–0.15% or about $1.5 to $150 depending on the amount.
What account types and trading conditions does FTM Brokers provide?
The review states that FTM Brokers offers Demo, Standard, and ECN/Raw spread accounts, but does not provide Cent or Micro accounts, nor swap-free, VIP, or managed options. It describes three live accounts—FTM.COMFORT with fixed spreads from 2 pips, FTM.STANDARD with floating spreads from 0.9 pips, and FTM.PRO with market spreads from 0 pips—all with leverage up to 1:200 and market execution on MetaTrader 4.
What does the review say about opening a trading account with FTM Brokers?
The review indicates that opening an account with FTM Brokers is fully online, with registration taking about 8 minutes and KYC verification typically completed within 1 business day. It notes a minimum deposit of $10 and outlines steps including online registration, choosing an account type and platform, accepting terms, and then receiving login details and deposit instructions by email.
How is FTM Brokers’ customer support described in reviews and feedback?
The review describes FTM Brokers’ customer support as providing basic functionality, with moderate response times that can vary depending on the complexity of the request. Support is available Monday to Friday from 9:00 to 18:00 (GMT+3) via live chat, email, phone, and Telegram, but it is not available on weekends.
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