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TradeFTM-Overview of Minimum Deposit, Leverage, Spreads

WikiFX | 2024-12-12 11:20

Abstract: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.

Note: TradeFTM's official website - https://tradeftm.com/ is currently inaccessible normally.

TradeFTM Review Summary
Founded/
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsForex, commodities, stock CFDs, spot indices
Demo Account/
LeverageUp to 1:500
SpreadFrom 2.4 pips (Micro account)
Trading PlatformcTrader
Min Deposit$200
Customer Support24/5 support
Contact form
Tel: +44 20 8144 1010
Email: support@tradeftm.com,info@tradeftm.com
Facebook
Address: 180, Whitton Road, Hounslow, London, England, TW3 2ES
130 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 Cons

Pros Cons
Diverse tradable assetsInaccessible website
Various account typesUnregulated
Flexible leverage ratWide spreads on basic accounts
Commission-free accounts offeredNo MT4/5
cTrader platformHigh minimum deposit
Multiple payment optionsWithdrawal fee charged

Is TradeFTM Legit?

No, TradeFTM is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.

No license

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❌
What Can I Trade on TradeFTM?

Account Type

Account TypeMin Deposit
Micro$200
Mini$500
Gold$2,000
Professional$5,000
ECN Classic$10,000
ECN Gold$25,000
ECN VIP$50,000
ECN Elite$100,000
Account comparison 1

Account comparison 2

Leverage

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 Leverage
Micro1:300
Mini1:400
Gold
Professional
ECN Classic
ECN Gold1:200
ECN VIP
ECN Elite

TradeFTM Fees

Account TypeSpreadCommission (Forex)
MicroFrom 2.4 pips❌
MiniFrom 2 pips❌
GoldFrom 1.8 pips❌
ProfessionalFrom 1.1 pips❌
ECN ClassicFrom 1 pip$25 per lot
ECN GoldFrom 1 pip$15 per lot
ECN VIPFrom 1 pip$10 per lot
ECN EliteFrom 0.6 pips$15 per lot

Trading Platform

Trading PlatformSupported Available Devices Suitable for
cTrader✔Windows, Mac OS, Web, Mobile devices/
MT4❌/Beginners
MT5❌/Experienced traders

Deposit and Withdrawal

Deposit OptionVisa, American Express, JCB, DISCOVER, MasterCard, Maestro, Visa Electron, Diners International, PayPal, Skrill, Neteller, Bank Transfer
Withdrawal OptionVisa, MasterCard, Maestro, PayPal, American Express, Skrill, Neteller, Bank Transfer
Min Deposit$200
Withdrawal Fee - Bank Transfer and credit/debit card2% + $7.5
Withdrawal Fee - American Express3% + $7.5
Withdrawal Fee - Skrill and Neteller1%
Deposit
Withdrawal
LeverageBrokerCommissionCurrency PairDealerForex tradingForex BrokerForex Currency pairleverage in forexforex pipsforex marketStock

Related broker

No Regulation
TradeFTM
Company name:TradeFTM Limited
Score
1.57
Website:https://tradeftm.com/
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.57

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