FTM Trade Review – Is FTM Trade a Scam Broker or a Legitimate Broker?

FTM Trade
  • Broker Rating
4.2

Summary

This is a review of FTM Trade (just to clear any doubts). This broker that we are reviewing for you today at Best Forex World is a high quality broker by the name of FTM Trade. The trading platform is fast and sleek and suited for both novice and expert traders. Keep reading our FTM Trade review to learn more or visit their website in the link below.

FTM Trade Review

FTM Trade logoFTM Trade is a forex broker that was created in 2010 more than a decade ago. It eventually developed into one of the world’s largest brokers.


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Its purpose is straightforward but audacious: to contribute to the creation of a global trading environment (tech-enabled) in which traders may fully exploit all of the possibilities and problems inherent in global markets. Read our FTM Trade review to learn about all of the trading features and services that this broker offers, as well as why it may be an excellent choice for you.

FTM Trade website

Portal for trading

FTM Trade offers both the cTrader and MetaTrader suites. Additionally, this includes MetaTrader 4 and 5 (web and desktop), cTrader (web and desktop), and cAlgo. Traders may access any account type through any trading platform.

While both MetaTrader and cTrader enable algorithmic trading, we discovered that cTrader consistently had an edge, owing to its unique web-based platform. This platform offers a far greater variety of trading capabilities and tools than MetaTrader’s web-based platform, which also requires the cAlgo platform to work concurrently.

Additionally, FTM Trade’s services include’social copy trading,’ which provides users with access to a variety of trading platforms, including RoboX, MirrorTrader, DupliTrade, and even myFxbook for MetaTrader.

Account classifications

FTM Trade offers a few different account types that should be explored in this review. There is the ‘Razor Account,’ which may be accessed through the broker’s MT4 and MT5 platforms, as well as the cTrader platform. This account type has a commission-based pricing structure in addition to market spreads.

We found that the average spreads on the EUR/USD pair are indeed equal to the industry average when the 0.70 pips fee is included in the calculation of the total cost of 0.79 pips on cTrader and MT5.

FTM Trade also offers a ‘Standard Account’ that is commission-free and has spreads that are pretty comparable to those of the Razor account. According to statistics supplied earlier this year, the typical spreads on the identical EUR/USD pair are 0.75 pips.

Finally, the broker’s ‘Active Trader Program’ often rebates a portion of the spread, however this is contingent upon the user’s monthly trading volume and the corresponding tier.

Legislation and regulation

If you want to deal with FTM Trade, you are assumed to have read and thoroughly understood the broker’s specific legal documentation. It is not possible to deal with FTM Trade without first agreeing to these conditions, thus it would be prudent to go over all required paperwork.

The general ‘Terms & Conditions’, the ‘Privacy Policy’, the ‘Cookie Policy’, the ‘Order Execution Policy’, the ‘Conflict of Interest Policy’, and the ‘Complaints Notice’ are only a few of FTM Trade’s papers. Take your time and thoroughly read over each one.

Additionally, FTM Trade is completely regulated and authorized to do business by regulatory authorities in the United Kingdom, The Bahamas, Dubai, Germany, Kenya, and Cyprus.

Index of financial assets

FTM Trade trading assets

Currently, FTM Trade provides a diverse range of tradeable assets, including FX, cryptocurrencies, exchange-traded funds (ETFs), stocks, indexes, currency indices, and commodities. As a result, you are more than likely to find what you’re searching for when you utilize FTM Trade.

Mobile commerce

There are a variety of choices available for mobile trading. Users may choose between the MT4 and MT5 mobile applications, in addition to the cTrader mobile app. All of these programs were created by and are available straight from their creators.

Education

We discovered at least 22 trading guidelines on FTM Trade, all of which were grouped by degree of expertise. This implies that the guidelines are divided into sections for traders of varying skill levels, including advanced, intermediate, and novice traders. Articles, webinars, videos and e-lectures, an investor lexicon, and a tutorial are among FTM Trade’s instructional materials.

Conclusion

Finally, FTM Trade is often employed by traders who prefer to concentrate their efforts on major CFD and FX markets.

Overall, it’s an excellent platform (with an equally impressive selection of third-party platforms), and the broker has successfully catered to each and every one of its traders, regardless of their background or skill level. Customer service is excellent, and the support personnel is also quite nice and dependable.


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