TradeFTM Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this TradeFTM Review.
TradeFTM has four types of live trading accounts: Mini, Standard, Gold and Professional. Additionally, the broker 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. Clients of TradeFTM can also trade in several types of binary options.
The Company. Security of Funds
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. Much riskier than the regulated brokers, especially those supervised by the FCA or the Australian Securities and Investment Commission (ASIC). Usually the regulated brokers are required to abide to strict rules, including for 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 are subject to a set of terms and conditions.
Methods of payment
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.
TradeFTM is an unregulated broker that does not stand out much among its peers. Its trading conditions are nothing special, except perhaps the 1:1000 leverage on some accounts. This, however, could be rather tricky as the high leverage means large risk of losing everything in just one unsuccessful trade. Besides, it is always a better idea to deal with a regulated trading venue.
The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
TradeFTM Review Conclusion
For more information about currency trading brokers visit TopForexBrokers.com forex brokers comparison website, Tip ForexSQ.com foreign exchange trading experts please by share this article about TradeFTM Review.