Have you ever heard about FTrade broker? Regardless of the answer, this is one of the binary brokers that is a newcomer to the marker. It has a lot of different feedback but we believe that you can trust it. If you are curious to discover the reasons, read our full FTrade review.
Min. Deposit: $200
Trading Platform: SpotOption
US Clients: Not AvailableLooking for good broker? Sign up with 24option now!
FTrade: About the Company
So what is known about this broker? Well, the information presented on the website is pretty much sufficient. After all, we managed to find out that FTrade was opened in July 2014 and it is currently owned by Binext Global Ltd and is located in Majuro, Marshall Islands. This broker has 2 offices in the UK and Anguilla. They have more than 100 employees between these 2 offices. They claim that they provide only best services to their customers.
FTrade binary broker is not licensed by any regulator, but it does not allow US clients, which is one of the reliability signs.
FTrade Review: Trading Accounts
This broker can provide you with several account types and actually makes it better and more proficient. Let’s take a closer look at them:
- Mini Account
As far as you understand, this the cheapest account of binary options offered by FTrade. The minimum deposit amount is $200. You have not a big chance to get the bonus here – up to 20%. There also some extra features like market reviews and learning centre.
- Basic Account
This one the standard accounts usually most suitable for the beginners in trading. The minimum deposit here is $500 doubled with the bonus of up to 30%. There is an educational package including Introductory level Learning Center membership, one on one Candlestick chart training. And that’s all. Again, you can receive market reviews and have an access to Learning Center.
- Standard Account
This is perhaps the most promoted trading account type at this broker. Minimum deposit is evaluated $1,000 alongside with the bonus up to 40%. In addition, they offer a dedicated account manager, strategy session with their specialist and also money management training. This seems to be a good opportunity, for everybody that decides to go for FTrade broker
- Executive Account
The last ordinary account in our FTrade review is called the Executive. It’s distinctive feature is the availability of 3 trading strategies, “professional” trading analysis. Take into consideration that minimum deposit here is $5,000 with the bonus up to 50%.
FT Trade Corporate Account
There is one account type that should be spoken of. We do consider this Corporate Account as a positive feature of the broker and it is also an interesting type. The key distinction of the Corporate Account is that it can be opened under the name of the company. As the lucrative account type, the minimum deposit here starts at $10,000. Additionally, the bonus you can get is up to 75%.
So what are the essential features this account represents? Well, all accounts are commissions free and they are actually entitled to a welcome bonus, entailing also free phone line, email support and live chat.
This broker also claims to provide you with the most relevant market news and reviews by their financial experts.
With this account you can view all your deposits, withdrawals as well as trading history in the My Account section of the trading platform. But, if you want to access a detailed account record, this needs a special request to the broker directly.
FTrade grants you the top-notch and simply most advanced trading platform. In practice your potential expectations correspond the actual reality, you get SpotOption trading platform without custom design. It is raw and user friendly. FTrade platform is web based, no software must be downloaded. FTrade also offers you a mobile trading.
Their trading platform is accessible in variety of languages: English, Arabic, Russian and Turkish.
At this broker there is a substantial number of assets that encompasses: currency pairs, indices, metals, 60 seconds, one touch, ladder and long term. If you want to trade stocks, their list includes: Apple, Google, Microsoft, Coca-Cola, IBM, EBay etc. As the matter of fact, the minimum trade investment for Binary options is $25. However, your trading starts at $5 for 60 Seconds trades, for example.
There is one unpleasant fact – there is no demo account provided at FTrade. Therefore, you have no opportunity to verify the viability of the platform. But you can go directly to SpotOption website and test a platform there.
FTrade Review: Deposits and Withdrawals
As for the deposits and withdrawals, both types of operations require credit cards, wire transfers and also CashU. Unfortunately, the have no other payment methods. What is perhaps the only thing good about this broker is that they are no fees or commissions charged for deposits and withdrawals.
To process a withdrawal request, it takes up to 5 business days. The withdrawal amount maximum cannot exceed the amount invested by a credit card. Extra funds can be withdrawn via wire transfer.
FTrade: Opening an Account
Account application process is sophisticated and the broker does not request special information to be provided.
As the matter of fact, FTrade has something special to offer the trader. It is trustworthy regardless the fact that FTrade is not regulated by any official body. Is FTrade scam? No, we do not think so. It uses the best binary options trading platform and FTrade services are provided on the high quality level. If you feel like it is the right broker for you – sign up now!