Forex FTM BROKERS Trading Review

Performance Matrix

Main Score & Risk Matrix

#735

Score

7.0

Average

FTM BROKERS is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

License 7.2

Business 6.5

Risk Control 6.8

Software 7.5

Regulatory 7.0

Terminal Snapshot

FTM BROKERS Trading Conditions

Registered Region Belarus

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email info@ftm.by

Contact Number +375296080686

Website www.ftm.by

Balanced Review

Pros & Cons

Pros

Regulated by the National Bank of the Republic of Belarus
Diverse trading instruments including Forex, Commodities, Indices, Stocks, and Cryptocurrencies
Access to popular trading platforms: MetaTrader 4 and MetaTrader 5
Educational resources including video tutorials and webinars
Multiple account types catering to different trader levels

Cons

Limited withdrawal options (only bank transfer or card)
High minimum withdrawal amount ($1,000)
No PAMM or MAM account options available
Not tier-1 regulated, which may raise security concerns
Customer support may have long waiting times

Compliance Desk

Regulatory Licenses

9.2/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	FTM BROKERS	ForexBY	OpenFX	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Belarus	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	7.0/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does FTM BROKERS Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
FTM Comfort	Beginners	Fixed spread of 1 pip, no minimum deposit	Suitable for small-capital practice
FTM Standard	Intermediate Traders	Floating spread starting at 0.9 pips, requires $200 minimum deposit	Suitable for traders looking for flexible trading conditions
FTM Pro	Experienced Traders	Market spread with minimum spread of 0 pips, requires $1,000 minimum deposit	Ideal for high-volume traders

Account Opening Process

To open an account with FTM Brokers, follow these steps: visit the FTM Brokers website, select your desired account type (Comfort, Standard, or Pro), and complete the registration form with your personal information. You will need to verify your identity by submitting a valid ID and proof of address. Once registered, you can fund your account according to the minimum deposit requirements and download the MetaTrader 4 platform, allowing you to start trading. Additionally, you have the flexibility to upgrade to a professional account in the future if you meet the necessary criteria.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	0.8	$0 (ECN: $3.5/lot)	Tight spreads for majors
CFDs (Stocks, Indices, Commodities)	Varies	0.04% on securities	Dependent on the specific instrument
Cryptocurrencies (BTC, ETH)	1.0%	0.1%	Variable depending on market conditions

Other Fees

FTM Brokers may charge various fees including deposit and withdrawal fees, inactivity fees, and overnight interest (swap rates). Additionally, there may be currency conversion fees applicable when trading in different currencies. It is advisable to check directly with the broker for the most accurate and up-to-date information regarding all potential costs associated with trading.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

FTM BROKERS is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

FTM BROKERS User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

20%

3 star

60%

2 star

12%

1 star

4%

Alexei Ivanov

Minsk

★ ★ ★ ★ ★

I had high hopes when I started trading with FTM Brokers, but my experience has been disappointing. The withdrawal process is frustratingly slow, and the minimum withdrawal amount of $1,000 is a significant drawback. I also faced long wait times when contacting customer support. Overall, I feel trapped with my funds and not satisfied with the service.

Maria Petrovna

Grodno

★ ★ ★ ★ ★

FTM Brokers has been a decent platform for my trading activities. I appreciate the wide range of instruments available and the user-friendly MetaTrader 4 platform. The execution speed is generally good, and I’ve had positive experiences with customer support. However, I wish there were more withdrawal options and lower limits for transactions.

Dmitry Sokolov

Vitebsk

★ ★ ★ ★ ★

I regret choosing FTM Brokers. I opened a Standard account with hopes of making some trading gains, but I’ve faced multiple issues. The support team is unresponsive, and I’ve been unable to withdraw my funds after multiple attempts. This has been a frustrating experience, and I would advise others to consider different brokers.

Olga Mikhailova

Brest

★ ★ ★ ★ ★

I’ve been trading with FTM Brokers for a few months now, and I’m quite satisfied. The educational resources available helped me improve my trading skills significantly. The platform runs smoothly, and I love the flexibility of trading various instruments. So far, my experience has been positive, and I recommend them to new traders.

Belarus Market