FTM Broker -Overview Guide of This Broker
Абстракт：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 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.
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