BTFX Review

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Company Overview

BTFX is one of the world’s fastest growing FX, commodity and exchange traded CFD service providers for institutional and retail customers. The company was established in 2011 and is always challenging itself to provide clients with the best tools, resources, and service to help them reach their trading goals. It is driven to provide its customers with reliable trade execution, ultra-competitive pricing, and innovative trading tools. Clients of BTFX have the facility to trade on several trading platforms using their desktop, internet or mobile devices. The broker also offers personalized FX training programs, rewarding Introducing Broker programs, Dealing Room specialists and innovative Institutional Partner offerings.

Trading Platforms

BTFX offers its traders a choice of five different types of trading platforms. The foundation of its trading platforms is the proprietary Brokersclub platform known as the BTFX WebTrader. With this platform, the traders at BTFX are able to trade directly from their price charts and in fractional lots. The platform not only has a full range of technical indicators but also gives traders the ability to program their platform to accept trading signals.

For the more experienced and skilled group of traders, BTFX offers access to the popular MetaTrader 4 (MT4) platform. Compatible with Expert Advisors and fully equipped with an array of advanced technical tools, the MT4 platform allows experienced traders to analyze the markets correctly and formulate proper trading strategies to suit their trading conditions.

There are other versions of trading platforms as well that are developed for Mac users and those who are continuously on the move. Even those traders who are trading with multiple accounts can trade with ease with the MT4 MultiTerminal. Furthermore, there is the Tradersroom, an online portfolio manager that traders can use to access their trading accounts and upload their documents or orders to the BTFX server using a secure connection.

Features

Clients get the best trading conditions and can benefit from the relationships that BTFX has with its liquidity providers. Hence, BTFX provides tight spreads and best execution of the clients’ orders with minimum slippage.

BTFX is licensed as an execution-only brokerage service, and its revenue model is exclusively based on commissions and rebates. The broker does not take their positions and only act as an intermediary between their clients and liquidity providers. This practice minimizes the amount of conflicts and is mutually beneficial for both the broker and their customers.

Although BTFX does not make any distinction between the different types of accounts regarding swap rates and spreads, there are differences in trading benefits. The Mini trading account is ideal for those who have just started trading online, and the minimum deposit requirement for the account is just £250. On the other hand, professional traders who want to use ECN for trading can go for an ECN trading account.

Customer Support

BTFX has a multilingual trained staff available all the time to deal with any inquiries from the traders. The support staff can be contacted via email, call or fax.

Conclusion

BTFX strives to innovate and improve the current solutions to benefit the traders. Therefore, it is highly recommended for forex trading.

Office website: https://btfx.com/

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