Considered by many in the online trading industry as one of the fastest growing brokers, BTFX was founded in 2011 to offer spot forex, commodities and CFD trading services to the online retail financial trading community. A subsidiary of the Brokersclub AG Group, BTFX is based in Malta and is regulated by the Malta Financial Services Authority under the European Union’s (EU) Markets in Financial Instruments Directive (MIFID).

As a young and innovative broker, BTFX is driven to provide their traders with the tightest spreads possible coupled with efficient and reliable trading tools. BTFX is also especially well known among traders for their personalized training programs and attractive promotional offerings.

Trading Platforms

While BTFX is able to offer their traders a choice of 5 different types of trading platforms, the mainstay of their trading platforms is the proprietary Brokersclub platform called the BTFX WebTrader. With this platform, traders at BTFX are able to trade in fractional lots and directly from their price charts. Apart from having a full range of technical indicators, BTFX WebTrader also gives traders the ability to program their platform to accept trading signals.

For the more experienced group of traders, BTFX also provides them with access to the ever popular MetaTrader 4 (MT4) platform. Expert Advisors (EAs) compatible and fully equipped with a complement of sophisticated technical tools, the MT4 platform enables experienced traders to properly analyze the markets and formulate the appropriate trading strategies to suit their trading conditions.

Apart from all the above mentioned platforms, there are also versions of the platforms which are tailored for Mac users and those who are constantly on the move. Even those who are trading with multiple accounts can do it with ease with the MT4 Multi Terminal. Finally, there is the “Tradersroom”.  This is an online portfolio manager which traders can use to access their trading accounts and upload their orders or documents to the BTFX server through a secured connection.

Account Types

As for the different types of trading accounts available at BTFX, traders can choose from one of the following:

• Mini
• Standard
• Premium
• VIP
• ECN

It should be noted that while BTFX doesn’t makes any distinction between the different types of accounts in terms of spreads and swap rates, there are differences in trading benefits between them. For example, The Mini trading account is targeted to those who just started out trading online. The minimum deposit requirement for the mini account is just £250. For professional traders wanting to use the ECN to trade, they can do so by opening an ECN trading account.

Commission & Spreads

One thing which BTFX can really be commended for is their transparency with all their product offerings and pricings. For example, Mini and Standard account holders knows that their cost of trading are as follows:

The spreads applicable are detailed below: