FTrade Review

FTrade

  • Name : FTrade
  • Website : ftrade.com
  • Established : 2014
* Ranked #21 of 97 in DailyForex's top broker list

Info

Name : FTrade
Website : ftrade.com
Established : 2014
Country : Marshall Islands
U.S. Clients Allowed : No?
Due to strict US regulation many brokers aren't able to accept traders with US citizenship.
See our list of recommended brokers that do accept US traders.

Advantages

  • Several Trading Accounts
  • SpotOption Platform

Disadvantages

  • No Demo or Practice Account
  • Limited Bonuses and Promotions

FTrade Review

FTrade Review

FTrade is a binary options trading company established in 2014. It is a member of BINEXT SOLUTIONS SRL LTD in Bucharest, Romania which is a subsidiary of BINEXT GLOBAL LTD (Marshall Islands). FTrade has over 100 employees between their different offices. It provides a large range of assets including stocks, commodities, currencies, and indices and prides itself on its professional service and experience and its highly skilled employees.

Accounts

There are two levels of trading accounts at FTrade. The Standard level and the Executive level.  There is also a corporate account.  As little as $200 is required to open an account and a minimum trade is $25. The maximum trade is $2500.

All accounts are commissions free and are entitled to a welcome bonus as well as free phone, chat and email assistance. In addition, all clients have access to the most up to date and relevant market news and review by FTrade experts.

The average return on a binary option trade is 81 percent for every position on the standard accounts. VIP traders are offered flexible returns to meet their trading needs but no descriptions or data was provided regarding this feature.

Unfortunately demo or practice accounts are not available.

Features

There are hundreds of assets available at FTrade and clients can choose from 60 Second options, traditional Binary options, one touch, the ladder, and long term trades. Trading on 60 Seconds starts at just $5.

FTrade Assets Index
FTrade Assets Index

The charts available on the site focus on candlesticks as the FTrade team believes that for binary options trading as well as spot forex trading a candle stick chart is optimal and will give traders the most relevant information regarding both past and present market behavior.

Candlesticks contain the same data as a normal bar-chart but highlight the relationship between opening and closing prices. It is more like a combination of a bar-chart (link) and line-chart (link) together.

For those traders not so familiar with candlestick charts, a clear description is provided.

Bonuses and Promotions

In addition to all the benefits offered to their traders, other bonuses or promotions include a 100% welcome bonus  up to $10,000 and a refer-a-friend promotion whereby the account holder receives $50 in his account for each person referred by him that deposits at least $200 when opening an account. The new account holder also receives $50 for joining. Both the referees and the friend are allowed to redeem the bonus for withdrawal purposes only after making trades in the volume of at least 40 times the sum of the bonus.

Education

FTrade is one of the most customer friendly binary options trading companies out there. All traders receive access to instructional training and a host of tools to enable them to make informed binary options trades. They offer daily and weekly market reviews as well as EBooks and an economic calendar is posted for all traders.

Beginning with the broker’s basic trading level, clients receive Learning Center membership, full access to their video library, personal charts training, and a dedicated account manager.

FTrade Learning Center
FTrade Learning Center

The standard trading level includes additional training in trading strategy and cash flow management as well as professional training analyses and daily trading signals.

The executive level traders and corporate accounts receive the added perks of a dedicated specialist, monthly account reports and same moment profit withdrawals.

All traders receive access to personal charts training, full access to their video library, personal trading strategy training, professional trading analysis and daily trading signals.

The Economic Calendar lists future events worldwide and daily market updates are also posted on the site.

Deposits/Withdrawals

FTrade accepts various methods of depositing funds including wire transfers, credit and debit cards and CashU. The minimum deposit is $200 for a wire transfer and there are no commissions on a transaction.

Withdrawals are made using the same methods. Credit cards take up to 72 hours and wire transfers can take as long as 5 days.  The minimum withdrawal is $50.

Customer Support

FTrade believes in excellent personalized customer service. They treat every client with honesty, respect, and dignity. Traders can contact a representative by phone, email or live chat Monday – Friday from 7 am – 4 pm GMT. Trading can be done 24 hours a day because their platform is always open.

The FTrade website is available in English, Russian, Arabic and Turkish.

Conclusion

FTrade is one of the most advanced and ground-breaking binary options trading companies around. The FTrade team strives to do everything possible to make their clients trading experience profitable and enjoyable. As such, it is still a relatively new player on the block and there are some features which should still be added to their lineup in order for this broker to stand out from all the rest of the binary options brokers.

Advantages

  • Several Trading Accounts
  • SpotOption Platform

Disadvantages

  • No Demo or Practice Account
  • Limited Bonuses and Promotions

Review info: FTrade
Review Date:
Rating : 4.5
Reviewed By :