Independent rating of Forex broker FTM BROKERS

About company

Consulting company Forexline is the founder of FTM Brokers.  In 2004, Forexline was the first company that accepted bets on foreign exchange rates and shares. FTM Brokers was established to improve investment conditions and legal protection of participants of over-the-counter forex market. The company offers its services to both private and institutional market participants. They receive access to various trading tools to manage and raise funds. FTM Brokers is a fully regulated broker. Its activity is controlled by the National Bank of the Republic of Belarus. The broker must comply with a number of capital requirements. It must have certain legal documents as well as apply business ethics principles and meet the basic criteria for providing brokerage services.

Trading conditions

• such trading instruments as currency pairs, precious metals, stock indices, and oil
• three account types
• free demo account
• stop and limit orders
• minimum deposit of $20
• MT4 trading platform
• working mainly with the Belarus market
• promotions and bonuses for new and existing clients
• opportunity to study via the Online Academy (educational videos and full-time trading courses)

Trading platform

FTM Brokers offers its clients the most convenient and popular trading platform, MetaTrader 4 (МТ4). Thanks to the platform, traders can apply the most complicated strategies. They can make use of market and pending orders, chart trading, tick diagrams as well as trading history and trailing stop. Users of the platform have access to hundreds of signals with various levels of profit and losses. These signals are supported by both live and demo accounts. The MetaTrader 4 trading platform is compatible with PCs and mobile devices.

Support service

Clients can contact the company’s support service by means of email, live chart, and several phone numbers specified on the official website of the company.

Traders’ reviews

Since the broker is registered in Belarus and Russian is the main language of communication with clients, it was easier than ever to find reviews of Russian-speaking traders about FTM Brokers. However, it is quite difficult to form an opinion about the company. The reviews are very different, and sometimes diametrically opposite. Traders often praise the forex broker for favorable trading conditions, fast market execution, and a large selection of training materials. Newbies emphasize highly professional customer support of high quality and online lessons that allowed them to learn more about the forex market. However, not everything is so rosy. Some clients suppose that FTM Brokers is an unreliable company. This dissatisfaction is caused by problems with the withdrawal of funds and malfunction of the trading platform. Traders also complain that trading conditions stated on the company’s website differ from the real ones.

Advantages:

• small minimum deposit
• promotions and bonuses
• opportunity to study via the Online Academy
• convenient MT4 platform
• no slippage
• quick response from the support team
• regulated broker

Disadvantages:

• low leverage
• malfunction of the trading platform
• delays in withdrawals
• no affiliate program
• trading conditions specified on the official website differ from the real ones