FTM Trade Review – Is FTM Trade a Scam or a Good Broker?

As of May 2023, the broker (ftmtrade.com) has ceased operations. But you can read the article to avoid falling for similar scammers.

Is FTM cam Crypto Trading Website?

You’ll find plenty of information if you search for FTM Trade Regulation, which is the most important thing a broker should have. They are all false.

The firm is said to be partnered with three different companies.

• Agenta Investment Management AB licensed by the Swedish FI
• Cryptopay Limited licensed by the UK FCA
• Asset Management L.P. licensed by Canadian Securities Administrations.

These partnerships, allegedly, allow FTM Trade, a broker, to offer its services for residents of the EEA, Canada, and UK.

FTM Trade crypto brokerage is not affiliated with any legitimate trading firms. This was proved by numerous warnings. They are directly violating the European Securities and Markets Authority’s (ESMA) trading rules.

FTM Trade is an online brokerage that allegedly has its headquarters in London. The UK FCA and Spanish CNMV have blacklisted the company. Their low trust score means that you should not trust them with your money.

False Claims about Regulation are a bad sign

FTM Trade claims that it has a license from Crypto Conduct Authority in addition to the partnerships already mentioned. This regulator, which self-professes to be independent of any broker that trades in crypto trading, was created by crypto enthusiasts to assist customers in identifying legitimate brokers.

The regulation is also false because the regulator is itself false. Customers are therefore not entitled to any compensation fund or assistance by the financial ombudsman.

FCA Warning Against FTM Trade Fraud

The UK regulator issued an official warning about the FTM Trade scam. The FCA declared ftmtrade.com fraudulent after the company used the name of the regulator and licensed firm to promote their services.

Additionally, Spanish regulator CSS1 warned citizens that FTM Trade broker does not provide proper supervision. Later, Norwegian Finanstilsynet and FSMA published the warning.

FTM Trade Scam Active

FTM Trade Reviews show that most victims are from:

• Spain
• UK
• US
• France
• Switzerland
• Sweden
• Germany
• Netherlands

Since January 2022, the brokerage has been in operation and has received a lot of complaints. This is all evidence of a scam.

You should also avoid scam fx providers like EvoCapitals and Definite Area. You could have withdrawal issues!

FTM Trade Islamic Account Details

The company offers Islamic swap-free accounts. It is said to have no interest and allows market reviews, social trading and webinar access. It is described as “regular.”

We don’t trust this company and don’t think they will charge interest on an Islamic account.

Can I trade with an FTM Trade Demo account?

FTM Trade Demo accounts are not available. After registering for an account, clients can view the platform but cannot trade risk-free.

This is a common scam. This is a common scam tactic. The brokerage will pressure you to invest before you do your due diligence. Negative balance protection is not offered by most brokerages. This means that you could end up with FTM Trade debt, which is definitely not something you want.

What is a chargeback?

Chargebacks are a way for your bank to recover funds from the merchant. We recommend that you contact us immediately to begin the process. We will have a free consultation to discuss how we can recover your money right away!

FTM Trade: Video

Below you will find a short video about FTM Trade. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about FTM Trade!