Broker Overview
Company Information
Broker’s Name | BTFX Brokersclub Ltd. |
Website | www.btfx.com |
Headquartered in | Malta |
Founded in | 2011 |
Regulating Authority | MFSA |
US Clients Accepted | ![]() |
Telephone Number | 00356 27780733 |
Fax Number | 00356 27780734 |
E-mail Address | info@btfx.com |
Account Options
Type of Broker | ECN , STP |
Commission | Yes |
Mini Account | ![]() |
VIP Account | ![]() |
Segregated Account | ![]() |
Islamic Account (Swap Free) | ![]() |
Demo Account | ![]() |
Institutional Accounts | ![]() |
Managed Accounts | ![]() |
Maximum Leverage | 200:1 |
Minimum Deposit | 250 Euro |
Deposit Options | Bank Wire Transfer , Credit Card |
Withdrawal Options | Bank Wire Transfer , Credit Card |
Bonus & Rewards
No Deposit Bonus | ![]() |
Bonus for First Deposit | ![]() |
Is the Bonus Based on the Volume of the Transaction? | ![]() |
Other Bonuses | ![]() |
Trading Platform
Platform Type | MT4 |
Platform Languages | English, Spanish |
OS Compatibility | Mac OS , iOS , Windows |
Streaming News Feed | ![]() |
Trading Signals | ![]() |
Automated Trading | ![]() |
Trade From Charts | ![]() |
Market Commentary | ![]() |
E-mail Alerts | ![]() |
Mobile Alerts | ![]() |
Scalping | ![]() |
Hedging | ![]() |
Trailing Stops | ![]() |
Guaranteed Stop Loss | ![]() |
Guaranteed Limit Orders | ![]() |
Guaranteed Fills | ![]() |
Interest on Margin | ![]() |
One-Click Execution | ![]() |
OCO Orders | ![]() |
Customer Service
Customer Support Languages | English, Spanish, German |
Customer Service Hours | 24h |
Place Trades Over the Phone? | ![]() |
BTFX - Review
BTFX Review
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:
Deposit |
Cost per lot traded |
Up to EUR 1K |
Spread + USD 7 |
Up to EUR 10K |
Spread + USD 5 |
Over EUR 10k |
Spread + USD 3 |
The spreads applicable are detailed below:
Currency Pair | Minimum Spread in Pips | Min Lot Size | Margin Requirement |
USDJPY |
0,4 |
0,05 |
0,5% |
EURUSD |
0,4 |
0,05 |
0,5% |
GBPUSD |
0,4 |
0,05 |
0,5% |
EURGBP |
0,4 |
0,05 |
0,5% |
AUDUSD |
0,4 |
0,05 |
1,0% |
Customer Support
As for the quality of BTFX customer support, they have multi-lingual trained staff available anytime to deal with any kind of enquiries from traders. To get in touch with the support staff, traders can email them at info@btfx.com, call them at (+356) 2778 0733 or fax them at (+356) 2778 0734. For more complex technical issues, these are usually resolved through a remote desktop service.
Reliability
While BTFX might be young when compared to other more established brokers, they are by no means any less reliable. For starters, they are a regulated entity under the Malta Financial Services Authority (MFSA) holding a category 2 Investment Services license. In addition, the quality of the services offered by BTFX is also of a standard which is comparable to most established brokers. Hence, traders should have no worries as to whether BTFX is a legitimate and reliable broker.
Pros
- Experienced Multi-lingual customer support
- Fully Licensed and Regulated
- Multiple Trading platforms
- Remote Desktop Assistance Available
- Tight Spreads with Minimum slippage
- Transparent and ethical Broker
Cons
- No Live Chat Service
Conclusion
There is no doubt in our mind that as BTFX continues to evolve, their range of services will be expanded, giving traders at BTFX every opportunity to profit from the lucrative forex market. Their ethos of always striving to innovate and improve on current solutions will no doubt benefit traders trying to get the most out of their relationships with their brokers.