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.
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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5-star
0%
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4-star
0%
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3-star
50%
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2-star
33%
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1-star
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
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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
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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.
- Standard account with balanced trading conditions
- Demo account
- Low minimum deposit
- No VIP account option
- No Swap Free account
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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.
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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.
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Trading Account Opening
We 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.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 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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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 /10
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FAQs
What does the low safety score and lack of regulation mean for FTM Brokers clients?
FTM Brokers has a safety score of 1.5/10 and is described as not regulated, with no negative balance protection and a track record of less than 8 years. The review notes that unregulated brokers may offer flexible conditions but can involve higher risks, such as limited investor protection and no guarantee of withdrawals, so the potential risks need to be considered carefully.
What trading account types are available at FTM Brokers and how do they differ?
FTM Brokers offers three live accounts—FTM.COMFORT with fixed spreads from 2 pips and no minimum margin, FTM.STANDARD with floating spreads from 0.9 pips and a $200 minimum margin, and FTM.PRO with market spreads from 0 pips and a $1,000 minimum margin, all with leverage up to 1:200 on MetaTrader 4. There is also a demo account for training and strategy testing, while Cent and micro accounts, swap-free, VIP, and managed accounts are not available.
What do user reviews and feedback indicate about overall satisfaction with FTM Brokers?
FTM Brokers has a user satisfaction score of 4.7/10 based on 6 reviews, with 50% of ratings at 3 stars, 33% at 2 stars, and 17% at 1 star, and no 4- or 5-star reviews. According to user reviews, the overall tone is mostly negative.
Which markets and instruments can traders access with FTM Brokers and what do reviews say about the range?
FTM Brokers provides access to 35 tradable assets, including 28 currency pairs, as well as stocks, cryptocurrencies, stock indices, and ETFs, while options, bonds, commodity futures, copy trading, PAMM investing, and managed accounts are not available. The section notes that the selection is limited compared to the market average, and copy trading and futures are specifically listed as disadvantages.
How do clients describe the FTM Brokers account opening process in reviews and feedback?
The account opening process at FTM Brokers is described as fast and accessible, with online registration taking about 8 minutes, mandatory KYC completed within 1 business day, and a minimum deposit of $10. The review also mentions that, despite these advantages, the setup process may feel less convenient for beginners.
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