FXMTB-Overview of Minimum Deposit, Leverage, Spreads

General Information & Regulation

FXMTB is allegedly an unregulated STP broker registered in Denmark that claims to provide its clients with over 250 tradable financial instruments with leverage up to 1:200 and floating spreads from 0.2 pips on the industry-standard MetaTrader4 and MetaTrader5 trading platforms, as well as a choice of three different live account types and 24/5 customer support service.

Market Instruments

FXMTB advertises that it offers more than 250 trading instruments across 8 asset classes, including forex, stocks, indices, ETFs, soft commodities, energies, metals and cryptocurrencies.

Account Types

Apart from free demo accounts, there are three live trading accounts offered by FXMTB, namely Starter, Trader and Follow the Pro accounts.

Leverage

Traders holding different asset classes can enjoy different maximum leverage ratios. For example, the leverage is 1:200 for forex trading, 1:20 for stocks, ETFs and soft commodities, 1:100 for indices and energies, 1:1000 for metals and 1:50 for cryptocurrencies. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Spreads & Commissions

FXMTB claims that the spread on the benchmark EUR/USD is 0.2 pips and all charging no commissions.

Trading Platform Available

Platforms available for trading at FXMTB are the worlds most trusted and popular MetaTrader4 and MetaTrader5 trading platforms. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

FXMTB says to accept deposits via Visa, MasterCard, Maestro, Skrill, Neteller, Bank Wire Transfer and online banking, while withdrawal methods with the exception of Maestro. The minimum initial deposit requirement is said to be $200. Bank wire deposits may take 1-4 working days while withdrawals are said to be processed within 24 working hours.

Bonuses

FXMTB claims to offer a 150% bonus on the first deposit, yet we cannot be sure if the bonus can be withdrawn without any condition.

Customer Support

FXMTBs customer support can be reached by telephone: 4578746260, email: support@fxmtb.com. Company address: Copenhagen Towers, Ørestads Blvd. 114 - 118, 2300 København, Denmark.