The number of assets that FTrade deals in, currently at around 60, is definitely not the best or the biggest in the market, in fact it is on the small side. But recent developments indicate that they can, and truly have, improved over time. The more than 60 assets are generously split into the usual 4 categories by name Indices, Commodities, Forex Pairs and of course stocks. Over the few years they have been around, FTrade have upwardly reviewed their asset list to include popular and more appealing assets such as stocks of big global multinationals like Google and Ferrari. We are hoping to see them adding more and more to that list so as to compete favorably with other brokers with even larger asset indices.
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The minimum deposit amount into your FTrade account is $250 which falls perfectly on the average minimum all brokers require for first deposits. The bonuses on that are largely dependent on the type of account you hold. However, the more the deposit the more the bonuses you get irrespective of the account type. As with most of the brokers, credit card deposits are accepted using the primary card providers like MasterCard, Visa, Maestro and the rest. If you are the traditional type, you can deposit funds to your account using the more conventional bank wire transfer while the fancy tech savvy traders can make use of various ewallet money transfer methods such as WebMoney.
The broker fully assures you full security for your finances as it has tough Anti Money Laundering policies in place and their banking software uses the modern SSL technology which is being used by banks worldwide to secure their systems.
The withdrawal process is always a strictly controlled one across all brokers. First you will be asked to provide due identity documents like a valid passport, driving license or a government issued identity card and a utility bill that has your name in it and has been mailed to your current home address and which should be at most 3 months old. Accepting the bonuses given out by the brokers naturally comes with its own conditions one of which demands that you make a trade volume of about 30 to 40 times the bonus amount. Most people, even with other brokers, disregard this clause and go ahead to loudly complain how the broker locked their money in after accepting the bonus.
Withdrawals generally take less than 5 business days to be processed after all the withdrawal terms and conditions have been met and identity verification is made. This is a big miss by FTrade as we expected them to have fast withdrawals for the simple reason that they are a new firm.
As binary options grows and attracts more people, the need to educate these people on the fundamentals of Binary options trading also grows. Every broker has a responsibility of making educational resources available to new traders especially as it is a win-win situation for both of them when the trader is well informed. FTrade has invested heavily in its education center to turn it into a spring of knowledge for their clients. There are numerous videos on different aspects of the trade, tutorials and eBooks are featured heavily and address a variety of issues from introduction to binary options, to best winning strategies to employ, to how to manage your money.
Personalized one on one training for premium account types are also available. In these, the trader gets educated based on his/her level of experience with less experienced traders getting basic introductory education which gradually becomes advanced as they gain more skills and experience.
In any review of Binary options brokers, it cannot be deemed complete without looking at the customer service, which is above all the most important feature of any legit broker. FTrade provides support to its clients for a select number of hours per day, nothing wrong with this but if they want to retain and attract members they should consider making 24/7 support a reality.
Anyway, there are several ways you can contact FTrade and one of them is via email at Support@Ftrade.com. This doesn’t assure you of the fastest replies out there but a little patience always helps. Voice calls can be made to their UK phone number +44 203 318 1472 or you can live chat by visiting FTrade.com.
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