Forex brokers rating. Find out what brokers traders trust.

This web resource is meant for accomplished traders who are interested in changing their broker and also beginners who are in search of their first broker. Every visitor to ForexRating can compare forex brokers available in the market nowadays and choose the best company to suit their needs. Apart from a comparative analysis of forex brokers, the web resource contains an honest rating of forex brokers which are ranked entirely on the grounds of your votes. By ForexRating, you can judge a degree of trust that traders put in a particular forex broker.

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FTM Brokers reviews

6/10 (votes 2374)

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On-line since: 2016
Country of origin: Republic of Belarus
Regulation: ARFIN
Payment options: local and international wire transfers
Minimum account size: $0
Minimum lot size: 0.01 lot
Leverage: up to 1:2000
Spreads: from 0 pips

FTM Brokers is a regulated company operating in the market since 2016. It was established by ForexLine (the Republic of Belarus), which was one of the first companies to offer trading via MetaTrader 4 in the local market. The company says that its main priority is to create innovative and efficient conditions for performing trading transactions with non-deliverable OTC financial instruments.

FTM Brokers is one of the top three local forex brokers in terms of trading volumes. Besides, the company is included in the register of forex brokers by the National Bank of the Republic of Belarus. The safety of clients' funds is ensured by the Guarantee Fund of the National forex center.

Trading conditions

The company provides access to many financial instruments, including 40 currency pairs, stock indexes, metals, and oil. The broker offers three types of trading accounts with fixed, floating, or market spread.

Clients can use lower initial margin collateral and thus freeing up funds for opening additional positions (margin leverage up to 200). For FTM.PRO account, spreads from 0 pips are available.

The broker offers its clients the time-tested MetaTrader 4 platform. What is more, it provides instructions for installing it on computers and mobile devices.

Promotions and bonuses

The FTM Brokers website has a section with a list of available promotions, e.g. stocks without commissions, metals without swaps, deposit without commissions, return spread, and others.

Training

The broker provides the opportunity to practice your trading skills on a demo account. The broker also offers a lot of video tutorials, different sources about trading strategies, and webinars with experts. Every morning, the company's analysts hold webinars where they discuss current topical events in the market, as well as answer questions from users. Notably, the broker has its own online FTM Brokers Academy.

You can contact the support service by phone and by e-mail.

Deposit and withdrawal of funds

Residents of the Republic of Belarus can top up their trading account at branches of local banks (Alfa-Bank and ASB Belarusbank), via the ERIP system or mobile phone. Non-residents can use Visa and MasterCard cards, wire payment, Webmoney, and Qiwi.

Withdrawals are made by international or local wire transfer.

Feedback

Traders mainly complain about a limited range of financial instruments, lagging behind average market conditions (spreads and swaps), and lack of bonuses.

Advantages and disadvantages

Pros:

variety of languages
regulated broker
funds protected by the NFC
no standard restrictions on trading
demo account
well-developed training section

Cons:

small number of available trading instruments
unknown broker
high commissions when depositing and withdrawing funds
lack of online chat
frequent technical problems

Add your review

Comments about broker

Folla trader

review FTM Brokers

26-09-22

I have deposited $500 in a standard account and started trading with FTM Brokers platform. But I have had weird experiences on their platform. Even when has an important news release, the platform becomes horrible. As my orders didn't place where I wanted to place. It always slippage from the position. While I have earned, but I have realized that I can't deal well with FTM Brokers anymore.

Zarra trader

review FTM Brokers

15-12-21

I opened an account with FTM Brokers in the last 2 months and made an initial deposit of $500. I'd say my trading went too bad because in the next few days, when my balance became more than $1000 but they began to act funny and suspicious. They increased the spread from normal 1.1-1.4 pips to 2 pips plus, they began to make the chart move really slowly, and you hardly see the actual situation. Slippage is worse than any other live or demo forex account I have. So, I am finally decided to close my account here.

Bapro trader

review FTM Brokers

30-05-21

Although FTM Broker is a new broker in this market but I am very satisfied with the quality of the MT4 platform and trading environment they offers. Low market spreads only 1.5 pips. They are offering up to 50% bonus. I feel secure cause and money feels secure with FTM Broker and thanks to the quick and helpful customer service.

Wilson trader

review FTM Brokers

28-04-21

The spreads at FTM Brokers vary all the time making it difficult to open trades. There is also a delay so there are times when I place an order with a certain spread at price then when it is executed, the spread is suddenly too high. This is very disappointing and they should fix this.

TymeFX trader

review FTM Brokers

25-03-21

I regret to open an account at this broker. It took more than two weeks for validations, and once I started to trade, I found the worst trading platform with the worst order executions. Their MT4 platform's spread is high and always requotes, even I got slippage. Because of that, I loss my balance, and it was quite a big amount. I decided to take the rest of my balance, and I sent a request two weeks ago. Until now, my request is still pending. They didn't process it, yet they didn't call or notify me. This broker is not suitable for trading, and they are not reliable and not a professional broker. They were only wasting my time.

Diclaim

Trading in the foreign exchange market and using leverage involve considerable risks and may cause a partial or complete loss of funds.

Make sure you possess sufficient skills and experience for this activity and are aware of possible risks.

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