FTrade is a relative newcomer in the online binary options trading scene since it has only been around for little more than a year. The brand is owned by BINEXT SOLUTIONS SRL LTD of Romania, which is a subsidiary of BINEXT GLOBAL LTD located in the Marshall Islands. As a young broker this firm has not yet gained regulation by a watchdog in a certain jurisdiction but their zeal, dedication and enthusiasm may well balance out this fact. Their most important differentiating factor from the plethora of competitive firms is the fact that they place immense importance on client satisfaction and the need to offer tailor made trading conditions to each individual trader to best meet their requirements. Promising the best trading experience possible, FTrade pledge to give customers, through the company’s professionalism, experience and the high skills of its employees, a truly enjoyable, secure and transparent trading venue and also vow to treat you with honesty, respect and dignity. Beyond the declaratory level, let us take a closer look at the offering and features of this broker to discern whether it deserves a chance to become your broker of choice:
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The platform
The trading platform used by FTrade is a customized version of the popular and technologically advanced platform developed by provider SpotOption. This ensures that FTrade customers can trade in a very reliable, user-friendly and intuitive environment, thus maximizing their chances for success. The platform is web-based and requires no downloads, while a mobile version is also available for those wishing to trade on the go through their mobiles and other smart devices. Besides being reliable, inviting and state of the art, the FTrade platform is also packed with additional features which greatly enhance the trading experience. You can get complete detailed customer reports for all your account activity and also gain access to live feeds from Reuters, informative charts and graphs, such as a trends graph and candlestick charts, as well as sophisticated algorithm monitoring.
Types of trading
The available types of binary options trading is one of the most obvious strengths of FTrade as an online broker and coupled with the variety of expiry times available they make a very versatile and attractive combination, full of potentially lucrative opportunities for all interested traders and especially suitable for those wishing to diversify their investment portfolio as much as possible. Perhaps this is one of the reasons why FTrade seems to be quite popular among corporate clients. More specifically, besides besides the traditional call/put binary options trading as well as the newly added trading in fx and cfds, the binary options trading instrument types of pairs, sixty seconds options, one touch, ladder and long term option are also available. Additional perks and features offered by the firm to its clients, such as a signals service and a weekly market analysis, as well as the many training opportunities offered when combined with the right type of trading may well mean a very enjoyable and profitable journey in the world of online binary options trading.
Asset list
The tradable assets index offered by FTrade is not the most extensive we have seen, however it contains a more than adequate number of assets from across each of the four asset categories of forex currency pairs, commodities, stocks and indices. When combined with the multitude of trading types and expiry times available, as well as taking into account that the assets menu is dynamic and expanding over time, then all customers, irrespective of their knowledge, expertise, risk tolerance or even the makeup of their investment portfolio, are bound to be able to locate an asset they fancy trading on from the asset list of FTrade. Currently, the list includes 19 stocks from major worldwide companies, 20 different indices from across the globe, 7 commodities and of course 12 different currency pairs that do however include all the popular USD and EUR combinations.
Account types
Boasting about the fact that it offers tailor made solutions to cover the needs of all types of traders, big or small, new or more seasoned and even corporate ones, FTrade has several account options available depending on the initial deposit one is willing to commit, each coming with its own set of perks and bonus levels. Obviously, these perks and bonuses increase as the money invested increase. Irrespective of the account type held, all investors gain access to daily and weekly market reviews. EBooks and an economic calendar. Holders of the basic account level also get a Learning Center membership, full access to the training video library, personal charts training, and a dedicated account manager. The standard account comes with additional training in trading strategy and cash flow management, as well as professional training analyses and daily trading signals. Finally, executive level traders and corporate account holders receive the added perks of a dedicated specialist, monthly account reports and same moment profit withdrawals. All accounts are commissions free and are entitled to a welcoming bonus, while professional traders at the executive and corporate levels who merit a higher return due to trading turnover also get flexible returns to meet their specific trading needs.
Deposits and Withdrawals
Banking with FTrade is not much different than with most other brokers around and depositing as well as withdrawing money to and from your trading account is relatively straightforward, not particularly time consuming and takes place in a secure environment. The minimum deposit amount is a reasonable $250 (or EUR or GBP, depending on a customer’s preferred currency choice upon opening the trading account). The accepted payment / deposit methods include most major debit and or credit cards, such as VISA, MASTERCARD, American Express and Diners, while the more traditional bank wire transfers as well as the more contemporary electronic money wallet services such as WebMoney are also welcome. All deposit and withdrawing transactions are performed in a safe and secure manner and environment and no fees or commissions are charged, while the broker, although not yet formally regulated, claims to be employing strict AML and KYC procedures.
Customer Support
Besides English the FTrade website is currently also available in Russian, Arabic and Turkish meaning that it can cater to the trading needs of a large proportion of traders in their native language or a language that they feel comfortable in, rendering their trading experience more enjoyable and easy. The people behind FTrade place particular emphasis on customer satisfaction and claim to strive to offer excellent levers of customer support, guidance and assistance. Besides having an FAQ section on their website they encourage traders to seek the assistance of the dedicated customer solutions department that can be reached either via live chat online, through email or on the phone. However, customers should be aware that customer support is only available only during normal trading hours, that is, from 8 am to 5 pm GMT from Monday until Friday. Obviously this compares less favorably when compared to brokers who offer customer support on a 24/7 basis, it is however adequate for the needs of the average trader.
FTrade wants its customers to be able to make their own educated informed trading decisions and this is why it puts at their disposal an online academy and video library. The broker’s learning centre includes e-books, video tutorials and articles, as well as a binary dictionary that are all very instructive and informative not only for novice traders but for seasoned ones as well, making it an invaluable tool that can help enhance one’s trading experience by offering knowledge and understanding.
Conclusion
What we appreciated the most about FTrade is their straightforwardness and honesty. This broker admits that “a happy customer is a repeat customer and repeat business means more opportunities for everyone to profit” and this explains why it tries to keep all its customers happy and satisfied. In this effort it appears to be genuinely encouraging and welcoming customer feedback, while it also seems prepared to have a flexible approach towards its clients and be ready to offer them custom, tailor made solutions and arrangements to best fit their own trading needs. All these combined with a constant reference to treating every client with “honesty, respect and dignity”, along with the trustworthiness of the Spot Option platform being used and the zest and enthusiasm of this relatively new broker to offer more in terms of tools, cutting edge technological innovations and extra perks and bonuses, make up a pretty appealing package for traders that we would dare suggest they should not miss out on. Give FTrade a go and let them positively surprise you…
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