Company Summary
| FTM BrokersReview Summary | |
| Founded | 2016 |
| Registered Country/Region | Belarus |
| Regulation | NBRB |
| Market Instruments | Forex, Stock indices, Oil, Precious Metals, and securities |
| Demo Account | ✅ |
| Leverage | Up to 1:200 |
| Spread | From 0.9 pips (FTM.STANDARD account) |
| Trading Platform | MT4 |
| Minimum Deposit | / |
| Bonus | ✅ |
| Customer Support | Phone: +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 Restrictions | China, 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.
Pros and Cons
| Pros | Cons |
| Regulated by NBRB | No 24/7 customer support |
| Multiple account types | Restricted 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 Authority | Current Status | Licensed Entity | Regulated Country | License Type | License No. |
| National Bank of the Republic of Belarus (NBRB) | Regulated | FTM Brokers Limited Liability Company | Belarus | Retail Forex License | 192620616 |
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 | ❌ |
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.COMFORT | FTM.STANDARD | FTM.PRO | |
| Account Opening | 0 | ||
| Account Management | |||
| Spread | From 2 pips | From 0.9 pips | From 0 pips |
| Commission | 0.04% on securities | From 0.006% | |
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 Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, macOS, Android, iOS | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
| Depost Methods | Accepted Currencies | Deposit Fees | Deposit Time |
| Cash in the branches of ASB Belarusbank | USD | 0 | ASB Belarusbank OJSC from 1 to 3 banking days |
| Bank card | BYN, USD, EUR, RUB | 0 | Instantly |
| Bank payment | USD | the Commission of the sending Bank and the Commission of the correspondent Bank (if any). Check with your Bank | 1-3 banking days |
| Electronic payment system erip | BYN, USD, EUR, RUB | 0 | Instantly |
| Payment from a mobile phone (for Belarusian SIM card holders) | BYN | Commission on the payment system side | Instantly |
| Withdrawal Methods | Accepted Currencies | Withdrawal Fees | Withdrawal Time |
| Belarusian banks | USD | Commission serving bank – 0.1% (min 1.5 USD and max 6 USD) + Commission bank – by the rates of the receiving bank | 2-5 days |
| Non-resident banks | BYN, USD, EUR, RUB | Commission 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 tariffs | 2 working days |
| Bank payment | USD | the Commission of the sending Bank and the Commission of the correspondent Bank (if any). Check with your Bank | 1-3 banking days |
| Payment card | BYN, USD, EUR, RUB | Commission 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.
Виктория
Russia
Top notch support! There were no requotes, and there were no loss of connection with the server. I’ve been working here for a couple of months and so far I’ll say that the broker is quite adequate, better than Open Investments. There are many trading instruments to choose from. Personal account is normal
Positive
2πr²
New Zealand
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.
Positive
犄角
Venezuela
If I had to recommend a forex trading platform to newbies, I would choose FTM, because there is no minimum deposit requirement, the spread is very low, and the leverage is also very low, which helps them control risks, and the platform MT4 is also very easy to use!
Positive
明天更美好15531
Hong Kong
I was so impressed with this platform. Trading conditions are so attractive - no minimum deposit requirement, leverage up to 1:200, EUR/USD spreads start from 0.1 pips, mt4 is offered, demo accounts are also available...It seems that they don’t have shortcomings, which makes me..yeah..i just can’t believe...
Neutral