TradeFTM Review 2024
What is TradeFTM?
TradeFTM is an online trading platform that offers services in forex, stocks, metals, CFDs, and indices. It provides trading signals, charts, and a currency converter. The platform is popular among traders for its easy interface, support for multiple types of orders, wide array of options, charting and technical analysis tools. TradeFTM offers four types of live trading accounts: Mini, Standard, Gold, and Professional. The minimum deposit, trade size, leverage, and spreads vary across these account types. Here’s a brief overview:. Mini Account: Minimum deposit of $200, minimum trade size of 0.01 lots, maximum leverage of 1:1000, and average spreads from 2 pips. Standard Account: Minimum deposit of $500, minimum trade size of 0.01 lots, maximum leverage of 1:1000, and average spreads from 1.6 pips. Gold Account: Minimum deposit of $2000, minimum trade size of 0.1 lots, maximum leverage of 1:500, and average spreads from 1 pip. Professional Account: Minimum deposit of $5000, minimum trade size of 0.5 lots, maximum leverage of 1:400, and average spreads from 0.6 pip. In addition to these, the broker also offers a swap-free Islamic account and an Auto Account. Clients of TradeFTM can trade in around 40 forex pairs – major, minor, and some exotics, and CFDs on commodities, indices, precious metals, and energies. TradeFTM is based in the UK, but it is not regulated by the country’s Financial Conduct Authority (FCA). It’s important to note that dealing with unregulated brokers can be risky. Regulated brokers are required to abide by strict rules, including capital adequacy, segregation of customer accounts, and experience of company employees. TradeFTM provides trading on the most popular forex platform – MetaTrader 4 (MT4), in all its versions – for desktop, web, and Android and iOS mobile devices. MT4 is preferred by brokers and traders alike for its easy interface, support for multiple types of orders, wide array of options, charting and technical analysis tools, automated trading, and a whole lot of other features. TradeFTM has a welcome bonus and a no deposit bonus, both subject to a set of terms and conditions. It accepts payments through credit and debit cards and bank transfers. There is also the option to deposit through the online payment systems FasaPay, Skrill, and Neteller. In conclusion, while TradeFTM offers a range of services and features, it’s important for potential clients to be aware of the risks associated with trading through an unregulated broker. It’s always a better idea to deal with a regulated trading venue.
What is the Review Rating of TradeFTM?
- 55brokers: 55brokers rated TradeFTM with a score of 20. This rating was last checked at 2024-01-06 13:34:02. Forexbrokersinfo multiplies the 55brokers rating times 10 to normalize the rating to 100.
- Wikifx: Wikifx rated TradeFTM with a score of 15. This rating was last checked at 2024-03-13 21:44:02. Forexbrokersinfo multiplies the 55brokers rating times 10 to normalize the rating to 100.
What are the Pros of TradeFTM?
TradeFTM, a forex broker, has several advantages that make it an attractive option for traders. Here are some of the key benefits:. Wide Range of Trading Accounts: TradeFTM offers four types of live trading accounts: Mini, Standard, Gold, and Professional. This variety caters to different types of traders, from beginners to professionals, allowing them to choose an account that best suits their trading style and financial goals. MetaTrader 4 Platform: TradeFTM provides trading on the popular forex platform – MetaTrader 4 (MT4), in all its versions – for desktop, web, and Android and iOS mobile devices. MT4 is preferred by brokers and traders alike for its easy interface, support for multiple types of orders, wide array of options, charting and technical analysis tools, automated trading, and other features. High Leverage: TradeFTM offers high leverage of up to 1:1000 on some accounts. High leverage can amplify profits, although it also increases the risk of losses. Variety of Tradable Assets: Clients of TradeFTM can trade in around 40 forex pairs – major, minor, and some exotics, and CFDs on commodities, indices, precious metals, and energies. This wide range of tradable assets provides traders with many opportunities to diversify their trading portfolio. Promotions: TradeFTM offers a welcome bonus and a no deposit bonus. These promotions can provide additional trading capital and potentially increase profitability. However, it’s important to note that TradeFTM is an unregulated broker. While this doesn’t necessarily mean it’s a scam, it does mean that traders should exercise caution when dealing with this broker. It’s always a better idea to deal with a regulated trading venue.
What are the Cons of TradeFTM?
TradeFTM, a forex broker, has several drawbacks that potential investors should be aware of:. Regulation: TradeFTM is based in the UK but is not regulated by the country’s Financial Conduct Authority (FCA). It’s always advisable to deal with regulated brokers as they are required to abide by strict rules, including capital adequacy, segregation of customer accounts, and experience of company employees. High Leverage: TradeFTM offers a high leverage of up to 1:1000 on some accounts. While this may seem attractive, it also means a large risk of losing everything in just one unsuccessful trade. High leverage can be a double-edged sword, amplifying both profits and losses. High Minimum Deposit: The minimum deposit requirement for TradeFTM is $200. This might be considered high, especially for beginner traders. Reputation: The reputation of TradeFTM is doubtful. There are suspicions of fraudulent actions associated with the broker. Licensing: While TradeFTM claims to hold financial licenses, these have only been issued by distant countries like Australia, Cyprus, and Belize. This raises questions about the credibility and safety of the broker. Trading Conditions: The trading conditions offered by TradeFTM are nothing special. For example, while the maximum leverage can go as high as 1:500 and spreads as low as 0.6 pips, these benefits require hefty commitments from its consumers. In conclusion, while TradeFTM does offer some attractive trading conditions, the lack of regulation, high leverage, high minimum deposit, and questionable reputation make it a risky choice for investors. It’s always recommended to thoroughly research and consider multiple brokers before making a decision.
What are the TradeFTM Current Promos?
TradeFTM, a forex broker, offers a variety of promotions to attract and retain traders. These promotions include a welcome bonus and a no deposit bonus. The welcome bonus is a type of promotion that is typically offered to new clients. It is designed to incentivize new sign-ups by providing a bonus amount that can be used for trading. The specifics of the welcome bonus, such as the bonus amount and the terms and conditions, can vary and are subject to change. The no deposit bonus is another type of promotion offered by TradeFTM. This bonus does not require clients to deposit any funds into their trading account. It is designed to allow traders to start trading without any financial risk. Like the welcome bonus, the specifics of the no deposit bonus can vary and are subject to change. It’s important to note that both the welcome bonus and the no deposit bonus are subject to a set of terms and conditions. These terms and conditions may include requirements such as a minimum number of trades or a minimum trading volume. Traders should carefully review these terms and conditions before participating in these promotions. In addition to these promotions, TradeFTM also offers a variety of payment methods for deposits and withdrawals. These include credit and debit cards, bank transfers, and online payment systems such as FasaPay, Skrill, and Neteller. Please note that while these promotions can provide additional trading capital, they also come with risks. Trading forex involves a high level of risk and may not be suitable for all investors. Always consider your financial situation and risk tolerance before participating in these promotions. For the most current and detailed information about TradeFTM’s promotions, please visit their official website.
What are the TradeFTM Highlights?
TradeFTM is a forex broker that offers a variety of features and services. Here are some of the highlights:. Account Types: TradeFTM provides four types of live trading accounts: Mini, Standard, Gold, and Professional. The broker also offers a swap-free Islamic account and an Auto Account. The minimum deposit varies depending on the account type, starting from $200 for the Mini account. Trading Platform: TradeFTM provides trading on the popular forex platform – MetaTrader 4 (MT4), in all its versions – for desktop, web, and Android and iOS mobile devices. MT4 is preferred by brokers and traders alike for its easy interface, support for multiple types of orders, wide array of options, charting and technical analysis tools, automated trading, and a whole lot of other features. Trading Instruments: The broker offers trading in around 40 forex pairs – major, minor, and some exotics. In addition to forex, clients of TradeFTM can also trade in CFDs on commodities, indices, precious metals, and energies. Leverage: TradeFTM offers high leverage, up to 1:1000 on some accounts. However, high leverage also means a large risk of losing everything in just one unsuccessful trade. Payment Methods: TradeFTM accepts payments through credit and debit cards and bank transfers. There is also the option to deposit through the online payment systems FasaPay, Skrill, and Neteller. However, it’s important to note that TradeFTM is an unregulated broker. Dealing with unregulated brokers can be risky, and it’s always a better idea to deal with a regulated trading venue.
Is TradeFTM Legit and Trustworthy?
TradeFTM is a forex broker that has been operating in the financial market since 2007. It offers trading platforms such as WebTrader and MetaTrader 4. The minimum deposit required to start trading with TradeFTM is 200 USD. However, there are several factors to consider when determining the legitimacy and trustworthiness of a forex broker. Here are some key points:. Regulation: TradeFTM claims to be operated by FX TRADING LTD. However, it does not hold any financial licenses but claims the opposite. This is a red flag as regulation by a reputable financial authority ensures that the broker adheres to strict standards of operation, providing a level of protection to traders. Reviews and Feedback: User feedback and reviews are a valuable source of information. According to some sources, TradeFTM has been suspected of fraudulent actions. Another source indicates that TradeFTM has a very low trust score, suggesting that it might be a scam. Trading Conditions: TradeFTM offers a minimum spread on the currency pair EUR/USD of 0.1 pips on a standard account type. However, spreads may vary according to market conditions. Deposit and Withdrawal Methods: TradeFTM supports various deposit and withdrawal methods, including bank transfer, debit and credit cards, Neteller, PayPal, and Skrill. In conclusion, while TradeFTM offers some features that may appeal to traders, the lack of regulation and negative user feedback raise serious concerns about its legitimacy and trustworthiness. It’s always recommended to trade with a regulated broker to ensure the safety of your investment. Please conduct thorough research and consider all factors before deciding to trade with any forex broker.
Is TradeFTM Regulated and who are the Regulators?
TradeFTM is a Forex trading platform that has been operating in the financial market since 2007. However, it’s important to note that TradeFTM is not regulated. Despite being based in the UK, TradeFTM does not have any regulation from the country’s Financial Conduct Authority (FCA). This lack of regulation should be a point of concern for potential traders, as dealing with unregulated brokers can be risky. Regulation in the Forex market is crucial as it provides a level of protection and assurance for traders. Regulated brokers are required to adhere to strict rules, including capital adequacy, segregation of customer accounts, and ensuring the experience of company employees. TradeFTM offers trading in around 40 forex pairs – major, minor, and some exotics, and CFDs on commodities, indices, precious metals, and energies. The platform also supports trading through MetaTrader 4. , a popular forex trading platform known for its user-friendly interface and wide array of features. However, the absence of regulatory oversight means that traders should exercise caution when considering TradeFTM as their trading platform. It’s always advisable to deal with a regulated trading venue.
Did TradeFTM win any Awards?
TradeFTM, a forex broker that has been active in the financial markets since 2007. , offers a variety of services to its clients. However, based on the information available, it does not appear that TradeFTM has won any specific awards. TradeFTM provides its clients with a range of account types, including Mini, Standard, Gold, and Professional. Additionally, the broker offers a swap-free Islamic account and an Auto Account. These offerings cater to a wide range of traders with different trading styles and risk appetites. Despite these offerings, it’s important to note that TradeFTM is not regulated by the UK’s Financial Conduct Authority (FCA). This lack of regulation could pose a risk to traders, as regulated brokers are typically required to adhere to strict rules, including capital adequacy, segregation of customer accounts, and experience of company employees. In terms of trading platforms, TradeFTM provides trading on the popular MetaTrader 4 (MT4) platform. MT4 is preferred by brokers and traders alike for its easy interface, support for multiple types of orders, wide array of options, charting and technical analysis tools, automated trading, and other features. While TradeFTM’s offerings are comprehensive, it’s crucial for potential clients to conduct thorough research and consider the risks associated with trading with an unregulated broker. As always, it’s recommended to deal with regulated trading venues for a safer trading experience.
How do I get in Contact with TradeFTM?
TradeFTM is a London-based Forex broker that provides a platform for trading in Forex, Metals, and Stocks. Contacting TradeFTM To get in touch with TradeFTM, there are several methods available: Email: You can reach out to TradeFTM via email at support@tradeftm.com or info@tradeftm.com. Phone: TradeFTM can be contacted by phone at +442081441010. Physical Address: The company is located at 180, Whitton Road, Hounslow, London, England, TW3 2ES. . Important Considerations Before engaging with any online trading platform, including TradeFTM, it is essential to conduct thorough research. This includes reading reviews from other traders who have experienced the platform firsthand. Based on user feedback, it appears that some users were dissatisfied with their experience with TradeFTM. Therefore, potential investors should exercise caution and make informed decisions. Withdrawal Process If your funds are stuck in your TradeFTM account, you should try to reach out to them first and request a withdrawal. However, please note that TradeFTM is not regulated or authorized to operate by any major regulatory authority, which means it may be a difficult process to withdraw from this company if they decide to ignore your request or suspend your account. Conclusion While TradeFTM provides a platform for trading in various markets, potential investors should exercise caution and conduct thorough research before engaging with the platform. This includes contacting the company directly to clarify any concerns or queries.
Where are the Headquarters from TradeFTM based?
TradeFTM, a multi-purpose trading broker, is headquartered in the vibrant city of London, United Kingdom. The exact address is 130 Old Street, London, Greater London, EC1V 9BD. This location places TradeFTM in the heart of one of the world’s leading financial hubs, providing it with strategic advantages in terms of access to market information, financial services infrastructure, and a diverse talent pool. TradeFTM offers a range of trading services including Forex, Metal, CFD, and Binary Option Trading. These services are supported by various platforms such as MT4 Trading Platform, Mobile Platform, Web Trader, and Expert Adviser. In addition, TradeFTM also provides a powerful VPS Engine Service and Advanced Account. It’s worth noting that another address associated with TradeFTM is Suite 11, Penhurst House, 352-356 Battersea Park Road, England, Greater London, London SW113BY. This could potentially be another office location or a registered address for the company. In the context of forex trading, the location of TradeFTM’s headquarters in London is significant. London is known for its dominant role in the global forex market, with a large percentage of global forex trading volume taking place in this city. Being based in London, TradeFTM is well-positioned to provide its clients with up-to-date market information and competitive forex trading services. Please note that while I strive to provide accurate information, it’s always a good idea to reach out to TradeFTM directly for the most current and detailed information.
What kind of Customer Support is offered by TradeFTM?
TradeFTM, a prominent player in the forex trading industry, offers a comprehensive customer support system to cater to the needs of its diverse clientele. The company’s customer support is accessible through various channels, ensuring that clients can reach out for assistance whenever they need it. Contact Information: Phone: TradeFTM provides a dedicated phone line for customer support. Clients can reach out to the support team at +44 70 2404 2475. or +442081441010. Email: For those who prefer written communication, TradeFTM offers email support. Clients can send their queries or concerns to support@tradeftm.com. Physical Address: The company’s headquarters are located at Suite 11, Penhurst House, 352-356 Battersea Park Road, England, Greater London, London SW113BY, United Kingdom. Another address associated with TradeFTM is 180, Whitton Road, Hounslow, London, England, TW3 2ES. . Customer Support Quality: While TradeFTM has made efforts to provide multiple avenues for customer support, it’s important to note that the quality of their customer service has received mixed reviews. Some users have expressed dissatisfaction with their experience with TradeFTM. Therefore, potential investors are advised to exercise caution and conduct thorough research before engaging with any online trading platform, including TradeFTM. Withdrawal Process: TradeFTM is not regulated or authorized to operate by any major regulatory authority. This could potentially complicate the withdrawal process for clients. If a client’s funds are stuck in their TradeFTM account, they should try to reach out to the company first and request a withdrawal. In conclusion, while TradeFTM offers a variety of customer support options, potential investors should be aware of the mixed reviews regarding the quality of their service and the potential difficulties in the withdrawal process.
Can anyone join TradeFTM?
TradeFTM is a forex broker that operates worldwide in over 142 countries. It was established in 2007 and is headquartered in London, UK. The broker offers a diverse range of trading accounts, from Micro to ECN Elite, catering to traders of various experience levels. However, it’s important to note that while TradeFTM is licensed by three different institutions: ASIC (Australia), CySEC (Cyprus), and IFSC (Belize). , its regulation and reputation have been called into question. Therefore, potential traders should exercise caution and conduct thorough research before deciding to trade with this broker. The minimum deposit to start trading with TradeFTM is $200. They offer a maximum leverage of 1:500. , which can be attractive to traders looking for high-risk, high-reward opportunities. However, such high leverage also comes with significant risks, especially for novice traders. TradeFTM provides its clients with over 140 tradable financial instruments. The broker uses the MT5/Mobile and WebTrader trading platforms. , offering flexibility to traders who prefer to trade on the go. In terms of payment methods, TradeFTM offers diverse withdrawal platforms such as PayPal, Skrill, Visa, etc. Some of these platforms ensure fast and secure payments, but others may be susceptible to security risks. In conclusion, while anyone can technically join TradeFTM, it’s crucial to consider the broker’s questionable regulation and reputation, the risks associated with high leverage, and the security of the payment methods offered. As with any investment, potential traders should conduct thorough research and consider seeking advice from financial professionals before deciding to trade with TradeFTM.
Who should sign up with TradeFTM?
TradeFTM is a forex brokerage that may appeal to a wide range of traders due to its diverse offerings and global reach. However, it’s important to consider several factors before deciding to sign up. Regulation and Trustworthiness TradeFTM is regulated by three different institutions: ASIC (Australia), CySEC (Cyprus), and IFSC (Belize). This multi-jurisdictional regulation could be seen as a positive aspect as it suggests the broker is held to high standards. However, potential traders should be aware that the broker’s reputation has been questioned. Trading Conditions TradeFTM offers a maximum leverage of 1:500 and spreads as low as 0.6 pips. These conditions could be attractive to traders looking for high leverage and competitive spreads. However, the minimum deposit requirement is $200. , which may be considered high for beginner traders. Account Types TradeFTM offers eight different trading accounts, ranging from Micro to ECN Elite. This diversity suggests that the broker caters to traders of various experience levels. However, potential traders should carefully review the terms and conditions associated with each account type. Platform and Tools TradeFTM provides access to the MT5 trading platform. , which is widely recognized for its advanced trading features and tools. This could be a significant advantage for traders who prefer using this platform. In conclusion, TradeFTM could be suitable for traders who value diverse account options, high leverage, and access to the MT5 platform. However, potential traders should carefully consider the broker’s reputation and the associated trading conditions before signing up.
Who should NOT sign up with TradeFTM?
TradeFTM is a forex broker that operates worldwide and offers various trading accounts. However, there are several reasons why certain individuals should not sign up with TradeFTM:. Novice Traders: TradeFTM offers a high leverage of up to 1:1000 on some accounts. While this may seem attractive, it also means a large risk of losing everything in just one unsuccessful trade. Novice traders, who are still learning the ropes and may not fully understand the implications of high leverage, should be cautious. Risk-Averse Individuals: Online trading is a lucrative, yet risky and dangerous business. Those who are not comfortable with taking on significant financial risk should steer clear of TradeFTM. Regulation-Conscious Traders: Despite being headquartered in London, UK, TradeFTM is not licensed by the UK. Its licenses are from ASIC (Australia), CySEC (Cyprus), and IFSC (Belize). However, its regulation and reputation are doubtful. , and it has been reported to operate illegally and without a proper financial regulatory license. Individuals Seeking Strong Customer Support: TradeFTM has received complaints about its poor customer support. Those who value strong customer service may want to consider other brokers. Individuals Concerned About Broker Reputation: TradeFTM has been perceived as a scam by some traders. Individuals who prioritize working with well-reputed brokers should not sign up with TradeFTM. In conclusion, while TradeFTM may appeal to some traders, others should exercise caution. It’s always important to thoroughly research and consider the reputation, regulation, and trading conditions of any broker before deciding to sign up.
Does TradeFTM offer Discounts, Coupons, or Promo Codes?
TradeFTM, a forex broker operating worldwide, does offer promotional incentives to its clients. Promotions TradeFTM provides a welcome bonus and a no deposit bonus to its traders. These bonuses are subject to a set of terms and conditions. The specifics of these promotions, such as the amount and the eligibility criteria, are not specified in the available resources. Trading Accounts TradeFTM offers four types of live trading accounts: Mini, Standard, Gold, and Professional. The broker also offers a swap-free Islamic account and an Auto Account. The minimum deposit ranges from $200 for a Mini account to $5000 for a Professional account. Payment Methods TradeFTM accepts payments through credit and debit cards and bank transfers. There is also the option to deposit through online payment systems such as FasaPay, Skrill, and Neteller. While TradeFTM does offer promotional incentives, it’s important to note that the broker is unregulated. This means that trading with them could carry a higher level of risk compared to trading with a regulated broker. Therefore, traders should carefully consider these factors before deciding to trade with TradeFTM.
Which Account Types are offered by TradeFTM?
TradeFTM offers a variety of account types to cater to the diverse needs of forex traders. Here are the details:. Mini Account: This account type requires a minimum deposit of $200. It offers a maximum leverage of 1:1000 and the minimum trade size is 0.01 lots. The average spreads start from 2 pips. Standard Account: For this account, the minimum deposit is $500. It also offers a maximum leverage of 1:1000 and the minimum trade size is 0.01 lots. The average spreads start from 1.6 pips. Gold Account: This account type requires a minimum deposit of $2000. It offers a maximum leverage of 1:500 and the minimum trade size is 0.1 lots. The average spreads start from 1 pip. Professional Account: This is the premium account type offered by TradeFTM. The minimum deposit for this account is $5000. It offers a maximum leverage of 1:400 and the minimum trade size is 0.5 lots. The average spreads start from 0.6 pip. In addition to these, TradeFTM also offers a swap-free Islamic account and an Auto Account. The broker offers trading in around 40 forex pairs – major, minor and some exotics and CFDs on commodities, indices, precious metals and energies. Please note that the trading conditions can vary based on market conditions and the broker’s policy. Always check the latest information on the broker’s website. Please note that TradeFTM is based in the UK, but is not regulated by the country’s Financial Conduct Authority (FCA). It is highly advisable that clients avoid unregulated brokers, no matter where they are based, as dealing with them is rather risky.
How to Open a TradeFTM LIVE Account?
Opening a TradeFTM LIVE account involves a few steps. Here’s a detailed guide:. Step 1: Online Application Form First, you need to fill in a simple online application form. This form will ask for your personal information such as your full name, mobile phone number in international format, and e-mail address. You will also need to specify the type of account that you wish to open. Step 2: Identity Verification Next, you will need to provide identification to keep your account safe. This involves attaching photos of your documents to verify your identity and address. The main identity verification document is a passport, but a brokerage company may also accept other documents, such as a driver’s license. For address confirmation, you may use your bank account statement or current utility bill. The documents must contain your full name and address. All photos must be readable and clear. Step 3: Fund Your Trading Account Once your trading account is open and you’re notified to make your initial deposit, you’re ready to trade. Remember, live accounts, unlike demo accounts, cannot be opened straight from the platform. They can only be opened by brokerage companies under certain terms and conditions. However, a real account request can be easily sent to a broker from the trading platform. It’s important to note that the types of account that are available to you depend on the broker. If you have any problems with registration, please contact your broker’s technical support team. Once these steps are completed, you should be ready to start trading on your TradeFTM LIVE account.
How to Open a TradeFTM DEMO account?
Opening a TradeFTM DEMO account involves a series of steps that are designed to help you familiarize yourself with the platform and the forex market in a risk-free environment. Here’s a step-by-step guide:. Step 1: Registration Firstly, you need to register for a MyFXTM profile. The registration process requires you to provide your first name, last name, country of residence, mobile phone number, and a password. Step 2: Consent After filling out the registration form, you will need to give your consent for FXTM to contact you for marketing purposes. You can opt out at any time. Step 3: Choose Demo Account Once your MyFXTM profile is set up, you can then choose to open a Demo account. Step 4: Log into Your Trading Platform After setting up your Demo account, you can log into your trading platform. Step 5: Start Trading Now, you’re ready to start trading in a risk-free environment. Why Try Demo Trading? Demo trading allows you to get familiar with the markets at your own pace. As you’ll be practicing under real market conditions, you’ll get to see for yourself exactly what happens when prices change and learn how best to protect your trades with tools like Stop Loss. It’s also a good opportunity to get to know your trading platform. Additional Resources MetaTrader offers a range of indicators and timeframes designed to allow you to monitor the markets. These can take a bit of getting used to. By the time you’re ready to move to live trading, you’ll have grown the confidence to start using real money. If you get stuck at any point or have any questions, the dedicated Customer Support team at FXTM is always happy to help. Remember, trading is risky and your capital is at risk. Always make sure to practice and learn as much as you can before moving on to live trading.
How Are You Protected as a Client at TradeFTM?
TradeFTM is a forex broker that offers its clients a variety of trading options. However, it’s important to note that TradeFTM is not regulated by the UK’s Financial Conduct Authority (FCA). Trading Accounts and Conditions TradeFTM provides four types of live trading accounts: Mini, Standard, Gold, and Professional. The broker also offers a swap-free Islamic account and an Auto Account. The minimum deposit ranges from $200 for a Mini account to $5000 for a Professional account. The leverage provided can go up to 1:1000. Trading Platform TradeFTM provides trading on the MetaTrader 4 (MT4) platform, which is available in all its versions – for desktop, web, and Android and iOS mobile devices. MT4 is preferred by brokers and traders alike for its easy interface, support for multiple types of orders, wide array of options, charting and technical analysis tools, automated trading, and other features. Customer Support TradeFTM’s customer support can be reached by telephone, email, or online messaging. They can also be followed on social media platforms such as Facebook. Payment Methods TradeFTM accepts payments through credit and debit cards and bank transfers. There is also the option to deposit through the online payment systems FasaPay, Skrill, and Neteller. While TradeFTM offers a variety of services, it’s crucial to remember that it is an unregulated broker. Dealing with unregulated brokers can be risky, and it’s generally advisable to deal with regulated trading venues.
Which Funding methods or Deposit Options are available at TradeFTM?
TradeFTM, a forex broker, offers a variety of funding methods and deposit options to cater to the diverse needs of its clients. These options provide flexibility and convenience, making it easier for clients to manage their trading accounts. Credit and Debit Cards: TradeFTM accepts payments through credit and debit cards. This is a quick and easy way to deposit funds into the trading account. It’s a widely used method due to its convenience and speed, as the funds are usually available instantly for trading. Bank Transfers: Clients can also fund their accounts via bank transfers. Although this method might take a little longer for the funds to reflect in the trading account, it’s a secure and reliable method of depositing larger amounts of money. Online Payment Systems: In addition to card payments and bank transfers, TradeFTM also provides the option to deposit through online payment systems. These include FasaPay, Skrill, and Neteller. These platforms are known for their ease of use and security measures, providing a seamless deposit experience for clients. It’s important to note that while these deposit options provide convenience and flexibility, clients should consider their personal financial circumstances and the potential risks associated with forex trading before making a deposit.
What is the Minimum Deposit Amount at TradeFTM?
TradeFTM, a trading name of TradeFTM Limited, is a forex broker that offers a variety of account types, each with its own minimum deposit requirement. The Micro account, which is the most accessible, requires a minimum initial deposit of $200. This makes it a viable option for those who are new to forex trading or those who prefer to start with a smaller investment. For traders who are willing to invest more, TradeFTM offers seven other account types. These accounts have higher minimum initial capital requirements, which are as follows. $2,000. $5,000. $10,000. $25,000. $50,000. $100,000. These higher-tier accounts are designed for more experienced traders and come with additional features and benefits. It’s important to note that while these are the minimum deposit amounts, many financial institutions recommend starting with more than the minimum to give your account a better chance of withstanding market fluctuations. Remember, forex trading involves significant risk, and it’s crucial to understand the terms and conditions of your account, as well as the risks involved, before you start trading. Always consider seeking advice from a financial advisor if you’re unsure.
Which Withdrawal methods are available at TradeFTM?
TradeFTM, a forex broker, offers a variety of withdrawal methods for the convenience of its clients. Bank Wire: This is a traditional and reliable method of transferring money. It involves sending money directly from one bank to another. Credit and Debit Cards: TradeFTM accepts major credit and debit cards, including VISA, MasterCard, American Express, and Maestro. This is a quick and convenient way to withdraw funds, especially for small to medium amounts. Neteller: Neteller is a popular e-money transfer service used to transfer money to and from merchants, such as forex trading firms. It can process transactions in many currencies. PayPal: PayPal is an online payments system that supports online money transfers. It’s a fast and secure way to withdraw money from your TradeFTM account. Skrill: Skrill is an e-commerce business that allows payments and money transfers to be made through the Internet. It’s a common choice among forex traders. It’s important to note that while these withdrawal methods are widely used, transaction times and fees can vary. Always check the specific terms and conditions associated with each withdrawal method.
Which Fees are charged by TradeFTM?
TradeFTM, a broker operating in the financial market since 2007. , charges various fees associated with trading. Here’s a detailed breakdown:. Minimum Deposit: The minimum deposit required to start trading with TradeFTM is 200 USD. Spreads: TradeFTM charges spreads on trades. The minimal spread on the currency pair EUR/USD is 0.1 pips on a standard account. Please note that these spreads serve as illustrative examples only as they may change according to market conditions. Trading Platforms: TradeFTM features WebTrader and MetaTrader 4 as their trading platforms. Leverage: The maximum available leverage can be limited by local financial regulators or by international regulations. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. The displayed maximum leverage at TradeFTM is 1:1000. Deposit and Withdrawal Methods: TradeFTM supports various deposit and withdrawal methods including Bank transfer, Debit and Credit Cards, Neteller, PayPal, and Skrill. Please note that while TradeFTM is an offshore unregulated broker, this does not necessarily mean it is a scam. However, traders should exercise caution when dealing with such providers.
What can I trade with TradeFTM?
TradeFTM, a London-based ECN FX and CFD broker established in 2007, offers a wide range of trading options. Here’s a detailed overview:. Forex Trading TradeFTM provides trading in around 40 forex pairs, including major, minor, and some exotic pairs. This allows traders to take advantage of the global forex market’s volatility and liquidity. Commodities Trading Traders can also trade in commodities with TradeFTM. Commodities are basic goods that have a universal price around the world. Trading commodities allow traders to profit from changes in their market prices. CFDs Trading TradeFTM offers Contracts for Difference (CFDs) trading. CFDs are derivative products that allow traders to speculate on the rising or falling prices of fast-moving global financial markets or instruments. Indices Trading TradeFTM provides the opportunity to trade on the performance of national stock markets with indices. Indices trading allows traders to speculate on whether an index will rise or fall, without actually buying shares in the underlying assets. In addition to these, TradeFTM offers eight separate account types: Micro, Mini, Gold, Professional, ECN Classic, ECN Gold, ECN VIP, and ECN Elite. All accounts offer market execution. The non-ECN accounts seem to be more affordable, while the ECN account types have deposit requirements ranging from $10,000 up to $100,000. Leverage options are higher on those more affordable account types. Spreads range widely, starting from 2.5 pips on the broker’s ECN account while starting from a low 1.6 pips on the ECN Elite account. Commission fees aren’t charged on non-ECN accounts, while those charges can be high on all of the ECN account types. Please note that trading involves risk and it’s important to understand the risks involved before starting to trade.
Which Trading Platforms are offered by TradeFTM?
TradeFTM, a forex broker, offers a variety of trading platforms to cater to the diverse needs of its clients. The platforms provided by TradeFTM are known for their user-friendly interfaces, support for multiple types of orders, wide array of options, and advanced charting and technical analysis tools. MetaTrader 4 (MT4): MT4 is one of the most popular forex platforms offered by TradeFTM. It is available in all its versions – for desktop, web, and Android and iOS mobile devices. MT4 is preferred by brokers and traders alike for its easy interface and a whole lot of other features. WebTrader: In addition to MT4, TradeFTM also features WebTrader. This platform is web-based, allowing traders to access their accounts from any device with an internet connection. CTrader: Another platform available for trading at TradeFTM is CTrader. This platform is compatible with desktop Windows, Mac OS, Web, and mobile devices. It’s important to note that while these platforms are widely used and appreciated by forex traders, the choice of platform can depend on the trader’s personal preference.
Which Trading Instruments are offered by TradeFTM?
TradeFTM offers a wide range of trading instruments to cater to the diverse needs of traders. Here’s a detailed look at the instruments they offer:. Forex: TradeFTM provides access to the foreign exchange market, where traders can trade major currency pairs. Forex trading is a popular choice due to its high liquidity and 24/5 market hours. Stocks and Indices: Traders can also engage in stock trading and CFDs on indices. This allows traders to speculate on the price movements of individual companies and entire sectors of the economy without owning the underlying asset. Metals and Commodities: Spot Metals and CFD Commodities are also available for trading. These include precious metals like gold and silver, as well as various commodities. Trading these assets can provide opportunities for diversification. Crypto CFDs: TradeFTM also offers Crypto CFDs. This allows traders to speculate on the price movements of popular cryptocurrencies without the need to own the digital assets. It’s important to note that most of these assets are offered in the form of CFDs (Contracts for Difference), which are derivative products that allow traders to speculate on the rising or falling prices of fast-moving global financial markets. As with all forms of trading, it’s crucial to understand the risks involved and to trade responsibly. Please note that while I strive to provide accurate information, it’s always a good idea to visit the TradeFTM website or contact their customer service for the most up-to-date and detailed information.
Which Trading Servers are offered by TradeFTM?
TradeFTM, a prominent player in the financial markets since 2007. , offers its clients a robust trading infrastructure. The specifics of the trading servers offered by TradeFTM are not directly available from the search results. However, it’s known that TradeFTM utilizes the WebTrader and MetaTrader 4 trading platforms. , which are renowned for their stability, security, and advanced features. WebTrader is a web-based trading platform that allows traders to access their accounts from any device with an internet connection. It’s known for its user-friendly interface and a wide range of tools for technical analysis. MetaTrader 4 (MT4), on the other hand, is one of the most popular trading platforms in the forex industry. It offers advanced charting capabilities, numerous technical indicators, and supports automated trading through the use of Expert Advisors (EAs). It’s important to note that the performance of a trading platform is heavily dependent on the quality of the trading servers. Good trading servers ensure low latency, high availability, and reliable connectivity, which are crucial for the fast-paced nature of forex trading. While the specifics of TradeFTM’s trading servers are not explicitly mentioned, the use of WebTrader and MetaTrader 4 suggests a commitment to providing traders with a reliable and efficient trading environment. For more detailed information, it’s recommended to directly contact TradeFTM or visit their official website.
Can I trade Crypto with TradeFTM? Which crypto currencies are supported by TradeFTM?
TradeFTM is a forex broker that offers a platform for trading various financial instruments. However, based on the information available, it’s not clear whether TradeFTM supports cryptocurrency trading. It’s always recommended to visit the official website or contact the customer service of TradeFTM for the most accurate and up-to-date information. In the world of forex trading, cryptocurrencies have become a popular trading instrument due to their volatility and potential for significant price movements. Some forex brokers have started to include cryptocurrencies in their list of tradable assets, allowing traders to take advantage of the dynamic crypto market while enjoying the features and stability of a regulated forex platform. However, it’s important to note that trading cryptocurrencies, like any other financial instrument, carries risk. Prices can fluctuate widely in a very short time, leading to potential losses. Therefore, traders should have a solid understanding of the crypto market and use risk management strategies to protect their investments. As for the specific cryptocurrencies supported by TradeFTM, this information is not readily available from the current sources. Commonly traded cryptocurrencies in forex platforms include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC), among others. But the actual list can vary from one broker to another. In conclusion, while TradeFTM is a known forex broker, it’s not clear whether it supports cryptocurrency trading or which specific cryptocurrencies can be traded. Traders interested in trading cryptocurrencies with TradeFTM should reach out to the broker for the most accurate information.
What is the Leverage on my TradeFTM Trading Account?
Verkennen. Leverage in trading is a powerful financial tool that allows traders to increase their market exposure beyond the initial investment (deposit). This is achieved by using borrowed capital from the broker. For instance, if a broker provides a leverage of 1:100, it means that for every dollar of your deposit, you can trade $100 worth of currency. TradeFTM, a forex broker, offers a maximum leverage of 500:1. This implies that for every dollar in your trading account, you can trade $500 worth of currency. However, it’s important to note that while high leverage can magnify profits, it can also amplify losses. The concept of margin is closely related to leverage. Margin is the amount of money required in your account to open and maintain a leveraged trading position. For example, if you want to open a trading position worth $100,000 and your leverage is 1:50, you would need $2,000 in your account. This sum is referred to as the margin. In conclusion, leverage can be a powerful tool in forex trading, allowing traders to increase their market exposure and potentially amplify profits. However, it’s crucial to understand the risks involved, as losses can also be magnified. It’s always recommended to use leverage responsibly and consider the potential downside as well as the potential upside.
What kind of Spreads are offered by TradeFTM?
TradeFTM, a trading name of TradeFTM Limited, is a forex broker based in London, the United Kingdom. The company offers a wide range of trading products, including forex, commodities (metals, etc.), stock CFDs, and spot indices. TradeFTM provides its clients with over 140 tradable financial instruments. The company offers flexible leverage up to 1:500. , which allows traders to trade larger positions with a smaller amount of capital. This can potentially lead to greater profits, but also greater losses if the market moves against the trader’s position. One of the key features of TradeFTM’s offering is its variable spreads. Spreads refer to the difference between the bid price (the price at which you can sell a currency pair) and the ask price (the price at which you can buy a currency pair). This difference is how brokers like TradeFTM make their money. TradeFTM’s spreads start from 0.6 pips. A pip is a unit of measurement for currency movement in forex trading, and a spread of 0.6 pips is considered relatively low. This means that traders can potentially make a profit with smaller price movements. The company offers eight live trading accounts: Micro, Mini, Gold, Professional, ECN Classic, ECN Gold, ECN VIP, and ECN Elite. Each of these accounts has different features and benefits, allowing traders to choose the one that best suits their trading style and risk tolerance. In conclusion, TradeFTM offers a wide range of spreads and other trading conditions, making it a versatile choice for forex traders. However, as with all trading, it’s important to understand the risks involved and to trade responsibly.
Does TradeFTM offer MAM Accounts or PAMM Accounts?
Unfortunately, there is no specific information available about TradeFTM offering MAM or PAMM accounts. However, let’s understand what these accounts are in the context of forex trading. MAM Accounts. MAM stands for Multi-Account Manager. These accounts allow fund managers to manage multiple trading accounts from a single interface, i.e., a master account. MAM accounts are designed for account managers and allow them to increase their level of complexity by the number of sub-accounts they can open. PAMM Accounts. PAMM stands for Percentage Allocation Management Module. It is a form of pooled money forex trading. An investor gets to allocate their money in desired proportion to the qualified trader(s)/money manager(s) of their choice. These traders/managers may manage multiple forex trading accounts using their own capital and such pooled moneys, with an aim to generate profits. Both MAM and PAMM accounts provide investors the opportunity to earn returns on their funds without executing trades themselves. Money managers can trade forex using funds from multiple accounts, sharing the profits or losses among investors. It’s important to note that while MAM and PAMM accounts seem similar, they do have differences. The key difference lies in how profit/loss is distributed among investor accounts. In a MAM account, all investor accounts can have their own risk parameters, while in a PAMM account, the risk is spread equally among all investors. For more specific information about whether TradeFTM offers MAM or PAMM accounts, it would be best to contact TradeFTM directly or consult their official website. It’s always important to understand the terms and conditions thoroughly before opening a MAM or PAMM account with any broker.
Does TradeFTM allow Expert Advisors?
TradeFTM, like many other trading platforms, has policies regarding the use of Expert Advisors (EAs). EAs are automated trading systems that can execute trades on behalf of the trader based on pre-set rules. They are commonly used in forex trading to help traders take advantage of market movements without needing to monitor the markets constantly. Use of Expert Advisors on TradeFTM. According to the information available, TradeFTM does not explicitly prohibit the use of Expert Advisors. As long as the trading is legitimate, conforms to real market conditions, and does not resemble forbidden practices, there are no reasons for limiting or restricting the trading strategy. This includes discretionary trading, algorithmic trading, and the use of EAs. However, traders should be aware that if they use an EA from a third party, there might be other traders already using the same EA and therefore exactly the same strategy. This could potentially lead to exceeding the maximum capital allocation rule. Considerations When Using Expert Advisors. While EAs can be a valuable tool for forex traders, there are some considerations to keep in mind. First, not all EAs are created equal. Some may be more effective than others, and the success of an EA can also depend on the specific market conditions. Therefore, it’s important for traders to thoroughly test any EA before using it in their live trading account. Second, while EAs can automate trading, they are not a substitute for a comprehensive trading strategy. Traders still need to understand the market and make informed decisions about their trades. EAs should be viewed as a tool to assist with trading, not a guarantee of success. In conclusion, while TradeFTM does not appear to prohibit the use of Expert Advisors, traders should exercise caution and due diligence when using these tools to ensure they align with their overall trading strategy and risk tolerance.