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FTM Trade

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Operating status: SCAM

Website: https://www.ftmtrade.com/

Broker violations and abnormal records
  • 2022-11-22 The Belgium FSMA Added FTM Trade into Its Warnings

    On 23 Nov 2022, the Belgian Financial Services and Markets Authority (FSMA) identified that FTM Trade was a fraudulent online trading platform. You may visit: https://www.fsma.be/en/warnings/fsma-identifies-new-fraudulent-online-trading-platforms-3

    On 23 Nov 2022, the Belgian Financial Services and Markets Authority (FSMA) identified that FTM Trade was a fraudulent online trading platform. You may visit: https://www.fsma.be/en/warnings/fsma-identifies-new-fraudulent-online-trading-platforms-3
  • 2022-11-23 BrokersView has Reviewed that FTM Trade is an Unregulated Currency Broker

    FTM Trade claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. 

    According to its website, the broker is located in the UK. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, FCA reminds the public that FTM Trade is not authorized by it. 

    Moreover, the Belgian Financial Services and Markets Authority (FSMA) identified that FTM Trade was a fraudulent online trading platform.

    The truth is that FTM Trade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    FTM Trade claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. According to its website, the broker is located in the UK. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, FCA reminds the public that FTM Trade is not authorized by it. Moreover, the Belgian Financial Services and Markets Authority (FSMA) identified that FTM Trade was a fraudulent online trading platform.The truth is that FTM Trade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
  • 2023-02-19 The UK FCA Added FTM Trade into Its Warnings

    On 20 Feb 2023, the United Kingdom Financial Conduct Authority (FCA) issued a warning that FTM Trade may be providing financial services or products in the UK without authorization. You may visit: https://www.fca.org.uk/news/warnings/ftm-trade

    On 20 Feb 2023, the United Kingdom Financial Conduct Authority (FCA) issued a warning that FTM Trade may be providing financial services or products in the UK without authorization. You may visit: https://www.fca.org.uk/news/warnings/ftm-trade

Related Complaints

Q&A

What is the largest trade I can open?

Vahrokh
Iraq
2022-12-05
ANSWER FTM Trade is not a licensed or regulated broker even though it states offers that look good to be true. FTM Trade claims to be located in the United Kingdom. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (FCA). However, FCA reminds the public that FTM Trade is not authorized by it. Moreover, the Belgian Financial Services and Markets Authority (FSMA) identified that FTM Trade was a fraudulent online trading platform. You can check the full warning from here.The truth is, FTM Trade is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like FTM Trade and trade with licensed brokers.
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