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Score

0 1 2 3 4 5 6 7 8 9
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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

FTGmarkets

Switzerland Switzerland | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

https://ftgmarkets.com/

Website

Rating Index

Contact

+41 715087307
https://ftgmarkets.com/

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Switzerland
Operating Period
5-10 years
Company Name
FTGmarkets
Customer Service Email Address
Support@FTGMarkets.com
Contact Number
+41715087307
Account
Website
Company Summary
Wiki Q&A
Comment

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Official Website

Website

  • ftgmarkets.com
    104.27.167.30
    Server Location
    United States United States
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    2017-11-24
    Website
    WHOIS.GODADDY.COM
    Company
    GODADDY.COM, LLC

Company Profile

Company Profile

Review summary

Note: FTGmarkets' official website: https://ftgmarkets.com/ is currently inaccessible normally.

FTGmarketsReview Summary
Founded2023
Registered Country/RegionSwitzerland
RegulationNo regulation
Market InstrumentsForex, stocks, commodities, indices
Demo Account
LeverageUp to 1:40
Spread/
Trading PlatformWeb-based
Min Deposit$250
Customer SupportPhone: +41 715087307
Email: support@FTGMarkets.com

FTGmarkets Information

FTGmarkets is an unregulated broker, offering trading on forex, commodities, stocks and indices with leverage up to 1:40 via the web-based trading platform. The minimum deposit requirement is as high as $250.

Pros and Cons

Pros Cons
Various trading productsNo regulation
inaccessible website
No demo accounts
No MT4/MT5 platform
High minimum deposit requirement

Is FTGmarkets Legit?

No, this absence of oversight raises risks regarding consumer protection, transparency, and market integrity. Without regulation, there's a risk of fraudulent activities, manipulation, and inadequate recourse for investors. Investors face heightened vulnerability to scams and unreliable practices, potentially resulting in financial losses.

Is FTGmarkets Legit?

What Can I Trade on FTGmarkets?

Tradable Instruments Supported
Forex
Stocks
Commodities
Indices
Cryptocurrencies
Bonds
Options
Mutual Funds
ETFs

Leverage

The broker provides up to 1:40 in leverage for forex trading.

Leverage allows traders to amplify their market exposure with a smaller initial investment, potentially increasing both profits and losses. With a leverage ratio of 1:40, traders can control positions worth up to 40 times their deposited capital.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Web-basedWeb/
MT4/Beginners
MT5/Experienced traders

Deposit and Withdrawal

The broker accepts payments done via cryptos, Visa, MasterCard and bank wire. However, e-wallets such as Skrill and Neteller are not available.

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

Is FTGmarkets safe and reliable?

The evaluation of safety and reliability for a broker is fundamentally linked to its regulatory framework. According to WikiFX data, FTGmarkets holds no valid regulatory licenses from any authoritative financial oversight body. WikiFX assessment indicates an overall score of 1.54 for this entity. The absence of credible oversight places it outside established investor protection frameworks, which typically enforce client fund segregation and dispute resolution mechanisms. This status necessitates a high degree of caution for prospective traders.

20h
United States

Is FTGmarkets regulated?

No. FTGmarkets is not regulated. A review of its licensing data shows it possesses no active forex licenses from recognized regulatory authorities such as the FCA, ASIC, or CySEC. The firm's regulatory index score is 0.0 according to WikiFX metrics.

20h
United States

What is the minimum deposit of FTGmarkets?

The minimum deposit at FTGmarkets varies by account type. The Basic account requires a minimum deposit of €500. For higher-tier accounts, the minimum deposit requirements increase significantly: Bronze at €10,000, Silver at €50,000, Gold at €100,000, and VIP at €250,000.

20h
United States

Does FTGmarkets support MT4 or MT5?

Information regarding the specific trading platforms supported by FTGmarkets, such as MetaTrader 4 or MetaTrader 5, is not currently detailed in the publicly available specifications. Traders would need to consult the broker's official channels for confirmation of platform availability.

20h
United States
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