FTM Brokers Forex Broker

FTM BrokersReview SummaryFounded2016Registered Country/RegionBelarusRegulationNBRBMarket InstrumentsForex, Stock indices, Oil, Precious Metals, and securitiesDemo Account✅LeverageUp to 1:200SpreadFrom 0.9 pips (FTM.STANDARD account)Trading PlatformMT4Minimum Deposit/Bonus✅Customer SupportPhone: +375 (29) 608-06-86/+375 (29) 808-06-86E-mail: info@ftm.byAddress: 5 Pobediteley avenue (BC Aleksandrovsky), room 214, 2nd floor, 220004, Minsk, Republic of BelarusRegional RestrictionsChina, Hong Kong, United States, Iraq, Japan, the United Kingdom, North KoreaFTM Brokers Information FTM Brokers is a brokerage firm regulated by the National Bank of Belarus (license number 192620616). Formerly known as Forexline, it was established in 2016. The firm offers over 60 non-deliverable instruments, including foreign exchange, precious metals, oil, stock indices, and securities. It provides a maximum margin leverage of 200 times, with spreads as low as 0 points, and supports the MT4 platform.Pros and ConsPros Cons Regulated by NBRBNo 24/7 customer supportMultiple account typesRestricted service areasMT4 availableVarious trading instrumentsBonus offeredIs FTM Brokers Legit? The National Bank of the Republic of Belarus (NBRB) regulates FTM Brokers, and its license number is 192620616.Regulated AuthorityCurrent StatusLicensed EntityRegulated CountryLicense TypeLicense No.National Bank of the Republic of Belarus (NBRB)RegulatedFTM Brokers Limited Liability CompanyBelarusRetail Forex License192620616What Can I Trade on FTM Brokers? FTM Brokers offers forex, precious metals, oil, stock indices, and securities.Tradable Instruments Supported Forex✔Stock indices✔Oil✔Precious Metals✔securities✔Cryptocurrencies❌Bonds❌Options❌ETFs❌Mutual Funds❌Account Type & Fees Both FTM.COMFORT and FTM.STANDARD charges a 0.04% commission on Securities. For FTM.PRO, the commission starts from 0.006%, with more details to follow.FTM.COMFORTFTM.STANDARDFTM.PROAccount Opening0Account ManagementSpreadFrom 2 pipsFrom 0.9 pipsFrom 0 pipsCommission0.04% on securitiesFrom 0.006%Leverage The platform offers a maximum leverage of 1:200, applicable to all account types. Note that higher leverage can improve profit potential while also increasing risk, therefore appropriate risk management is crucial. Trading PlatformTrading PlatformSupported Available Devices Suitable for MT4✔Windows, macOS, Android, iOSBeginnersMT5❌/Experienced tradersDeposit and WithdrawalDepost MethodsAccepted CurrenciesDeposit FeesDeposit TimeCash in the branches of ASB BelarusbankUSD0ASB Belarusbank OJSC from 1 to 3 banking daysBank cardBYN, USD, EUR, RUB0InstantlyBank paymentUSDthe Commission of the sending Bank and the Commission of the correspondent Bank (if any). Check with your Bank1-3 banking daysElectronic payment system eripBYN, USD, EUR, RUB0InstantlyPayment from a mobile phone (for Belarusian SIM card holders)BYNCommission on the payment system sideInstantlyWithdrawal MethodsAccepted CurrenciesWithdrawal FeesWithdrawal TimeBelarusian banksUSDCommission serving bank – 0.1% (min 1.5 USD and max 6 USD) + Commission bank – by the rates of the receiving bank2-5 daysNon-resident banksBYN, USD, EUR, RUBCommission of the servicing bank – depends on the amount (min. 250 USD) + Commission bank – by the rates of the receiving bank + Commission correspondent bank (if provided) – following the Correspondent Bank tariffs2 working daysBank paymentUSDthe Commission of the sending Bank and the Commission of the correspondent Bank (if any). Check with your Bank1-3 banking daysPayment cardBYN, USD, EUR, RUBCommission on the payment system side (up to 3%)2 working daysBonus FTM Brokers company gives presents to new and existing customers and launches a promotion, within which you can get a $50 spread refund for every $1,000 of margin deposit in case all promotion conditions are met.