Founded in 2011, BTFX is a subsidiary of Brokersclub AG Group and is located in Malta. The broker is regulated by Malta Financial Services authority and is motivated to provide tight spreads, efficient pricing and reliable trading tools.
BTFX reviews 3 choices of platforms with its features and trading conditions:
Like many brokers today, BTFX offers MT4 platform, one of the most popular, user-friendly and powerful interface with advanced technical analysis and Expert Advisors.
The platform has advanced capabilities to understand the market moves and provides powerful charting features to help traders make logical decisions. MT4 is great for beginners and is one of the favored platforms among experienced traders.
Here you have the ability to copy trades directly from MyFxBook network to your MetaTrader 4 account. It is easy and it is automatic, supporting any strategies you select.
Social trading has become a new best thing and most brokers adopt fast to this new change, which is great news for traders who are into follow and copy trading. When you seek the top performer, you get detailed statistics of the trading performance of each selected trader. This makes the whole filtering process much easier, because traders are getting in-depth review.
Mobile trading allows you to trade on the go via laptops, tablets, mobile phones and other mobile devices. Mobile terminals of BTFX are convenient way to stay connected to your daily trading routine from wherever you are, provided there is an internet connection.
BTFX forex broker promises the transparency with its brokers and here is what you can expect from Mini and Standard accounts:
With the deposit of up to 1,000 EUR, cost per lot traded is spread+ 7 USD
With the deposit of up to 10,000 EUR, cost per lot traded is spread + 5 USD
And deposits with 10,000 EUR funds and higher, get spread + 3 USD per lot traded
When it comes to spreads, the major currency pairs such as USDJPY, EURUSD, GBPUSD, EURGBP get minimum of 0.4 pips.
TradersRoom allows you to manage your portfolio and stay in touch with customer support. You can upload and view your trading portfolio, documents and get in touch with customer representatives.
With BTFX you have several account types to choose from such as Mini, Standard, Premium, VIP and ECN.
Mini account is obviously for the beginners with minimum requirement of 250 EUR deposit. While more advanced traders can select the upper level accounts for better trading conditions and beneficial features.
As mentioned earlier, minimum deposit requirement is 250 EUR and available payment options include only credit cards and wire transfer. This is rather thin repertoire for a broker that wishes to compete with the giants in the industry. Make it easy for traders to deposit and withdraw, and you get extra 10 points with us, that’s for sure!
BTFX representatives are there to help you with enquiries and technical issues via email and phone. There is no live chat available at the moment, which is a bit of a shame. On the other hand, most live chat representatives have no clue what they are talking about, so live chat isn’t really useful anyway!