TradeFTM Forex Broker

Note: TradeFTM's official website - https://tradeftm.com/ is currently inaccessible normally.TradeFTM Review SummaryFounded/Registered Country/RegionUnited KingdomRegulationUnregulatedMarket InstrumentsForex, commodities, stock CFDs, spot indicesDemo Account/LeverageUp to 1:500SpreadFrom 2.4 pips (Micro account)Trading PlatformcTraderMin Deposit$200Customer Support24/5 supportContact formTel: +44 20 8144 1010Email: support@tradeftm.com,info@tradeftm.comFacebookAddress: 180, Whitton Road, Hounslow, London, England, TW3 2ES130 Old Street, London, England, EC1V 9BD TradeFTM is an unregulated broker registered in the United Kingdom, offering trading in forex, commodities, stock CFDs, and spot indices with leverage up to 1:500 and spread from 2.4 pips on the Micro account via cTrader platform. The minimum deposit requirement is $200.Pros and ConsPros Cons Diverse tradable assetsInaccessible websiteVarious account typesUnregulatedFlexible leverage ratWide spreads on basic accountsCommission-free accounts offeredNo MT4/5cTrader platformHigh minimum depositMultiple payment optionsWithdrawal fee chargedIs TradeFTM Legit? No, TradeFTM is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.What Can I Trade on TradeFTM? TradeFTM advertises that it offers more than 140 trading products, including forex, commodities (metals, etc.), stock CFDs and spot indices.Tradable Instruments Supported Forex✔Commodities✔Stock CFDs✔Spot indices✔Cryptocurrencies❌Bonds❌Options❌ETFs❌Account TypeAccount TypeMin DepositMicro$200Mini$500Gold$2,000Professional$5,000ECN Classic$10,000ECN Gold$25,000ECN VIP$50,000ECN Elite$100,000Leverage Traders holding different account types can enjoy different maximum leverage ratios, from 1:200 to 1:400. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.Account TypeMax LeverageMicro1:300Mini1:400GoldProfessionalECN ClassicECN Gold1:200ECN VIPECN EliteTradeFTM FeesAccount TypeSpreadCommission (Forex)MicroFrom 2.4 pips❌MiniFrom 2 pips❌GoldFrom 1.8 pips❌ProfessionalFrom 1.1 pips❌ECN ClassicFrom 1 pip$25 per lotECN GoldFrom 1 pip$15 per lotECN VIPFrom 1 pip$10 per lotECN EliteFrom 0.6 pips$15 per lotTrading PlatformTrading PlatformSupported Available Devices Suitable for cTrader✔Windows, Mac OS, Web, Mobile devices/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and WithdrawalDeposit OptionVisa, American Express, JCB, DISCOVER, MasterCard, Maestro, Visa Electron, Diners International, PayPal, Skrill, Neteller, Bank TransferWithdrawal OptionVisa, MasterCard, Maestro, PayPal, American Express, Skrill, Neteller, Bank TransferMin Deposit$200Withdrawal Fee - Bank Transfer and credit/debit card2% + $7.5Withdrawal Fee - American Express3% + $7.5Withdrawal Fee - Skrill and Neteller1%