FTM BROKERS

FTM Brokers is a Belarus-based brokerage firm established in 2019 (formerly known as Forexline, founded in 2016). The company is registered as ООО «ФТМ Брокерс» and operates under the regulatory oversight of the National Bank of Belarus (NBRB) with license number 192620616. Its official website is ftm.by, and it offers retail forex and CFD trading services to clients primarily in Belarus and potentially other regions.

FTM Brokers focuses on providing access to over 60 non-deliverable over-the-counter (OTC) financial instruments. These include foreign currencies, precious metals, oil, stock indices, and securities. The broker positions itself as a regulated and legally transparent entity, emphasizing compliance with Belarusian financial regulations.

FTM Brokers is regulated by the National Bank of Belarus (NBRB) under a Forex Trading License (EP). This is the primary regulatory authority for forex brokers in Belarus. While NBRB regulation provides a certain level of oversight, it may not offer the same level of investor protection as some Tier-1 regulators (e.g., FCA, CySEC). The broker’s FXCanary Scam Risk Score is 25/100 (Guarded), indicating that while the broker is regulated, there are some concerning factors such as limited public transparency and a lack of independent reviews.

The company’s registered address is in Minsk, Belarus, and it maintains a Facebook presence. No other social media or third-party review platforms show notable activity, which may be a consideration for traders seeking peer feedback.

FTM Brokers offers three account types: FTM.COMFORT, FTM.STANDARD, and FTM.PRO. The FTM.COMFORT account has no stated minimum deposit, while FTM.STANDARD requires a minimum of $200 and FTM.PRO $1,000. All accounts offer a maximum leverage of 1:200. The broker advertises target spreads that vary by account type, with tighter spreads available on the PRO account. For example, EURUSD target spreads are 0.0003 for COMFORT, 0.00018 for STANDARD, and 0.00002 for PRO.

Traders can choose from a range of instruments, including forex majors, minors, and crosses, as well as precious metals (gold, silver), oil, stock indices (e.g., S&P 500, Dow Jones), and individual securities. All trades are executed as non-deliverable OTC instruments, meaning no physical delivery of the underlying asset occurs.

FTM Brokers provides the MetaTrader 4 (MT4) platform, a widely used trading platform known for its advanced charting, technical analysis tools, and automated trading capabilities. The broker offers real-time online charts and technical analysis on its website, allowing traders to analyze markets without logging in. MT4 is available for desktop, web, and mobile devices.

Additionally, the broker provides educational resources through a trading academy, including step-by-step guides on how to trade on MT4. This suggests a focus on both beginner and experienced traders.

Known facts do not specify accepted payment methods for deposits and withdrawals. However, given the broker’s Belarusian registration, it is likely that local bank transfers and possibly e-wallets are supported. Traders should verify accepted funding methods and any associated fees directly with the broker. The verification page on the website indicates that clients must complete identity verification (KYC) before trading, which is standard for regulated brokers.

FTM Brokers appears to target retail traders in Belarus and possibly neighboring countries who seek a locally regulated broker. The low minimum deposit ($200 for STANDARD account) makes it accessible to beginners, while the PRO account caters to more experienced traders with higher capital. The broker’s offering of securities and indices may also appeal to investors looking for diversification beyond forex. However, the absence of extensive third-party reviews and the guarded risk score suggest caution is warranted.