Introduction to FTM.by
Founded in 2016, FTM.by is a global online broker that offers trading in forex, CFDs, and cryptocurrencies. The company is based in Belize and is regulated by the International Financial Services Commission (IFSC). FTMBY is a brand name of World Trading House Ltd.
The broker offers its services to clients from all over the world, including the USA. The company has a website that is available in English and Russian. The minimum deposit for opening an account with FTMBY is $100. The broker offers leverage of up to 1:500 and provides its clients with access to the MetaTrader 4 trading platform.
FTMBY provides 24/7 customer support via telephone, email, and live chat. The broker’s customer service team is multilingual and can be contacted in English, Russian, or Spanish.
What is Forex Trading?
When it comes to trading currencies, the foreign exchange market is the largest in the world. That’s because currency trading, also known as forex trading, takes place 24 hours a day, 5 days a week across the globe. In forex trading, currencies are always traded in pairs. For example, if you were to buy EUR/USD, you would be buying euros and selling US dollars.
The foreign exchange market is where currencies are traded. Currencies are important to most people around the world because currencies need to be exchanged in order to conduct foreign trade and business. The aim of forex trading is simple: like any other form of speculation, you want to buy a currency at one price and sell it at a higher price in order to make a profit.
However, there is more to forex trading than simply buying and selling currencies. A key feature of the forex market is that it is decentralized; there is no central exchange where transactions take place. Instead, currency trading is conducted electronically over-the-counter (OTC) through a global network of banks, dealers and brokers. This means that you can trade forex 24 hours a day, from Sunday evening until Friday night.
Another key feature of the forex market is its high liquidity. This means that there are always large numbers of buyers and sellers in the market, so you can always find someone willing to trade with you. It also means that prices can change rapidly in
Is FTM.by a Legit or Scam?
When it comes to online trading, there are a lot of options available. You can trade forex, stocks, commodities, and more. However, with so many options available, it can be difficult to know which broker to choose.
One option that you may have come across is FTM.by. But is FTM.by a legit or scam? Does it accept USA traders?
In this FTM.by review, we will take a look at what this broker has to offer and whether or not it is a good choice for your trading needs.
What is FTM.by?
FTM.by is an online broker that offers a variety of financial instruments for trading. This includes forex pairs, stocks, indices, cryptocurrencies, and more. The broker also offers leverage of up to 1:500 and a minimum deposit of just $100.
One thing to note about FTM.by is that it is not regulated by any major financial regulator such as the US SEC or the UK’s FCA. However, the broker does have a license from the Montenegrin Financial Services Authority (MFSA).
While the MFSA is not as well-known as some other financial regulators, it does provide some level of protection for traders. For example, brokers licensed by the MFSA must maintain segregated accounts for client funds and must follow certain anti-money laundering protocols.
Does FTM.by Accept USA Traders?
Yes, FTM.by accepts USA traders! You can trade with FTM.by from anywhere in the world, including the United States of America.
The Different Types of Accounts Offered by FTM.by
There are three different types of accounts that are offered by FTM.by. These include a standard account, a premium account, and a VIP account. Each account type has its own benefits and drawbacks that should be considered before opening an account with this company.
The standard account is the most basic type of account offered by FTM.by. This account requires a minimum deposit of $500 and offers a maximum leverage of 1:200. Standard accounts also have access to 24/7 customer support and daily market analysis. However, standard accounts do not have access to any educational resources or bonuses.
The premium account is the next level up from the standard account. Premium accounts require a minimum deposit of $5,000 and offer a maximum leverage of 1:400. In addition to the benefits offered to standard account holders, premium account holders also have access to exclusive educational resources and monthly market reports.
The VIP account is the highest level of account offered by FTM.by. This account requires a minimum deposit of $25,000 and offers a maximum leverage of 1:600. VIP account holders have all of the benefits offered to both standard and premiumaccount holders, plus they also receive weekly one-on-one sessions with a financial analyst and invitations to exclusive events.
The Minimum Deposit Required to Open an Account with FTM.by
The FTM.by minimum deposit required to open an account is $250. This is a relatively low amount compared to other binary options brokers, making it accessible to a larger number of traders. However, it is important to note that the minimum deposit is only applicable to new accounts. If you are an existing customer, you will be required to meet the higher minimum deposit amount of $1,000.
The Different Types of Assets Traded on FTM.by
The different types of assets traded on FTM.by include stocks, commodities, indices, and currencies. All of these asset types can be traded with leverage, which allows traders to open larger positions than they would otherwise be able to afford. Leverage can also increase potential profits (and losses), so it is important to use it carefully.
Stocks: FTM.by offers trading in a variety of stocks from around the world, including many blue-chip companies. Stock prices can be affected by company earnings, economic news, and global events.
Commodities: Commodities are natural resources like agricultural products, metals, and oil. They are often used as inputs in the production of other goods and services. Prices for commodities can be volatile, due to factors such as weather and political instability.
Indices: Indices are baskets of stocks that represent a particular market or sector. For example, the S&P 500 is an index that includes 500 large US companies. Trading indices can be a way to get exposure to an entire market without having to trade individual stocks.
Currencies: Currencies are traded in pairs, with each currency being priced in terms of another currency. For example, the EUR/USD pair represents the price of one Euro in terms of US dollars. Currency prices are influenced by economic news and central bank policy decisions.
The Fees Charged by FTM.by
At FTM.by, we believe in complete transparency when it comes to our fees. We charge a $25 monthly subscription fee, which gives you access to our platform and all of its features. We also charge a $0.25 per contract fee for each trade that you make.