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Score

6.77 /10
Average

FTM Brokers

Belarus

5-10 years

Regulated in Belarus

Retail Forex License

MT4 Full License

Global Business

https://www.ftm.by/en

Influence

C

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Score

Regulatory Index5.50

Business Index7.85

Risk Management Index9.76

Software Index8.57

License Index5.50

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

FTM Brokers LLC

Company Abbreviation

FTM Brokers

Platform registered country and region

Belarus

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FTM Brokers

Belarus

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FTM Brokers · Company summary
FTM BrokersReview Summary
Founded2016
Registered Country/RegionBelarus
RegulationNBRB
Market InstrumentsForex, Stock indices, Oil, Precious Metals, and securities
Demo Account✅
LeverageUp to 1:200
SpreadFrom 0.9 pips (FTM.STANDARD account)
Trading PlatformMT4
Minimum Deposit/
Bonus✅
Customer SupportPhone: +375 (29) 608-06-86/+375 (29) 808-06-86
E-mail: info@ftm.by
Address: 5 Pobediteley avenue (BC Aleksandrovsky), room 214, 2nd floor, 220004, Minsk, Republic of Belarus
Regional RestrictionsChina, Hong Kong, United States, Iraq, Japan, the United Kingdom, North Korea

FTM 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.

FTM Brokers Information

Pros and Cons

Pros Cons
Regulated by NBRBNo 24/7 customer support
Multiple account typesRestricted service areas
MT4 available
Various trading instruments
Bonus offered

Is 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 License192620616
license

What 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❌
assets

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.PRO
Account Opening0
Account Management
SpreadFrom 2 pipsFrom 0.9 pipsFrom 0 pips
Commission0.04% on securitiesFrom 0.006%
Account Type

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 Platform

Trading PlatformSupported Available Devices Suitable for
MT4✔Windows, macOS, Android, iOSBeginners
MT5❌/Experienced traders
Trading Platform

Deposit and Withdrawal

Depost MethodsAccepted CurrenciesDeposit FeesDeposit Time
Cash in the branches of ASB BelarusbankUSD0ASB Belarusbank OJSC from 1 to 3 banking days
Bank cardBYN, USD, EUR, RUB0Instantly
Bank paymentUSDthe Commission of the sending Bank and the Commission of the correspondent Bank (if any). Check with your Bank1-3 banking days
Electronic payment system eripBYN, USD, EUR, RUB0Instantly
Payment from a mobile phone (for Belarusian SIM card holders)BYNCommission on the payment system sideInstantly
Withdrawal MethodsAccepted CurrenciesWithdrawal FeesWithdrawal Time
Belarusian banksUSDCommission serving bank – 0.1% (min 1.5 USD and max 6 USD) + Commission bank – by the rates of the receiving bank2-5 days
Non-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 days
Bank paymentUSDthe Commission of the sending Bank and the Commission of the correspondent Bank (if any). Check with your Bank1-3 banking days
Payment cardBYN, USD, EUR, RUBCommission on the payment system side (up to 3%)2 working days

Bonus

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.

Bonus

User Reviews

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User comment

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Виктория
more than one year
Поддержка на уровне! Реквот нет, потерь связи с сервером тоже не было. Работаю пару месяцев тут и пока скажу, что брокер вполне адекватный, лучше чем в Открытых инвестициях. Торговых инструментов много, есть из чего выбрать. Личный кабинет норм
Поддержка на уровне! Реквот нет, потерь связи с сервером тоже не было. Работаю пару месяцев тут и пока скажу, что брокер вполне адекватный, лучше чем в Открытых инвестициях. Торговых инструментов много, есть из чего выбрать. Личный кабинет норм
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2023-10-29 00:19
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2πr²
more than one year
I have been trading with FTM Brokers for two months now, so far so good! So I am here to recommend this company to everyone.
I have been trading with FTM Brokers for two months now, so far so good! So I am here to recommend this company to everyone.
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2023-02-21 13:58
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