FT Forex Broker

Broker NameFUTAIFounded in2019Registered inAustraliaRegulated byUnregulatedMinimum Deposit$50Maximum Leverage1:200Spreads0.5 pipsTrading PlatformMT4 and MT5Customer Supportservice@futailnternational.comOverview of FUTAI FUTAI, registered in Australia, operates under the regulatory oversight of ASIC, ensuring compliance with stringent financial standards. With a minimum deposit requirement of $100 USD and maximum leverage of 1:200, FUTAI offers accessible entry into trading with competitive spreads starting from 0.5 pips. Utilizing the MetaTrader 4 platform, renowned for its comprehensive charting tools and automated trading capabilities, FUTAI provides a robust trading environment. Customer support is available via email at service@futailnternational.com and phone at +61 40514541, emphasizing prompt and knowledgeable assistance for traders.Regulation FUTAI is not regulated by any authorities.Pros & Cons FUTAI presents several strengths, including its utilization of the widely favored MetaTrader 4 platform, offering traders familiarity and robust functionality. The maximum leverage of 1:200 enhances trading flexibility, empowering users to optimize their positions effectively. However, potential drawbacks include limited deposit and withdrawal methods restricted to crypto wallets, which may pose inconvenience for some traders. FUTAI also offers a relatively limited range of account types, potentially limiting choices for diverse trading needs.ProsCons• Utilizes the popular MetaTrader 4 platform• Lack of educational resources or transparency regarding company policies and procedures• Provides flexibility with spreads• Deposit and withdrawal methods limited to crypto wallets• Maximum Leverage with 1:200• Limited account typesAccount Types FUTAI offers a streamlined standard account tailored to meet the trading needs of both new and seasoned traders. This account provides access to a wide range of financial instruments, including forex, commodities, and indices, via a user-friendly platform. Here's a table summarizing the information:FeatureDetailAccount TypeStandardMaximum Leverage1:200Minimum Deposit≥100 USDMinimum Spread0.5Leverage FUTAI offers competitive leverage of 1:200 to enhance trading opportunities for its clients. Leverage ratios at FUTAI allow traders to amplify their market exposure relative to their initial investment, enabling them to potentially increase their trading positions and capitalize on market movements with greater flexibility.Trading Platform FUTAI offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) across multiple platforms. The desktop versions are available for both Windows and macOS. Additionally, mobile versions of MT4 and MT5 are available for iOS (iPhone, iPad) and Android devices, ensuring traders can access their accounts and trade conveniently on the go.Customer Support FUTAI's Customer Support team offers reliable assistance through multiple channels, including a dedicated email support at service@futailnternational.com.Deposit & Withdrawal FUTAI provides a range of deposit and withdrawal methods, all with a minimum of $50. Available options include USDT (TRC20), FastPay, Bank Transfers, Credit/Debit Cards, and Country-Specific Internet Banking for various countries such as Thailand, Vietnam, Indonesia, and Poland. Deposits are processed instantly, while withdrawals typically take 1-3 days. These methods support multiple currencies, offering flexibility for international traders.Conclusion FUTAI is a regulated broker with a user-friendly platform and competitive leverage options for different traders. However, limited account types and educational resources require consideration.FAQs What platform does FUTAI use? FUTAI utilizes the popular MetaTrader 4 platform, known for its user-friendly interface and advanced functionalities. What deposit/withdrawal methods does FUTAI offer? Currently, FUTAI offers deposit and withdrawal methods limited to crypto wallets.Risk Warning Trading online carries inherent risks, including the potential loss of your entire investment.