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/10

FTMarkets

The Virgin Islands The Virgin Islands | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | Seychelles Derivatives Trading License (EP) Revoked | High potential risk

https://www.ftmarkets.com

Website

Rating Index

Contact

+84 12280088
https://www.ftmarkets.com

license Forex License

risk

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

Keywords 5
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
Seychelles Derivatives Trading License (EP) Revoked
High potential risk
Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
4

Basic Information

Registered Region
The Virgin Islands
Operating Period
5-10 years
Company Name
FT Worldwide Holdings Limited.
Abbreviation
FTMarkets
Employees
--
Customer Service Email Address
cs@ftmarkets.com
Contact Number
+8412280088
Account
Marketing Strategy
Website
Genealogy
Related Companies
Company Summary
Wiki Q&A
Comment

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Sources
Language
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Creatives

Website

  • ftmarkets.com
    116.251.230.220
    Server Location
    Hong Kong Hong Kong
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    --
    Website
    --
    Company
    --

Genealogy

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FTMarkets

Related Companies

FT WORLDWIDE HOLDINGS PTY LTD
FT WORLDWIDE HOLDINGS PTY LTD
Active
Registration No.
633053059
Established
FT WORLDWIDE HOLDINGS PTY LTD(Australia)
Australia
FT WORLDWIDE HOLDINGS PTY LTD(Australia)
Deregistered
Australia
Registration No.
633053059
Established

Company Profile

Company Profile

Review summary

Note: FTMarkets's official website - https://www.ftmarkets.com is currently inaccessible normally.

FTMarkets Review Summary
Founded2018
Registered Country/RegionThe Virgin Islands
RegulationUnregulated
Market InstrumentsForex, gold, and silver, stocks and indices
Demo Account
Leverage1:500
SpreadFrom 1.1 pips (Mini account)
Trading PlatformWeb
Min Deposit$50
Customer SupportTel: +84 12280088
Email: cs@ftmarkets.com
Facebook: https://www.facebook.com/ftmarketsglobal
Instagram: https://www.instagram.com/ftmarketsglobal/
Physical address: Office 4, Unit 2, 2nd Floor, Dekk Complex, Plaisance, Mahe, Seychelles

FTMarkets, registered in the Virgin Islands in 2018, serves as a financial brokerage firm offering over 100 types of trading options. The company provides three types of accounts, comprehensive customer support channels, and leverage up to 1:500. However, this broker lacks legal regulation from any financial authorities.

Pros and Cons

Pros Cons
Diverse tradable asset classesUnavailable website
Multiple trading accountsNo regulation
Mini account offeredNo demo accounts
No commissionsNo reliable trading platform
Low minimum deposit
Popular payment options

Is FTMarkets Legit?

FTMarkets lacks regulation and is not legitimate. It claims to have a physical address in Seychelles, but upon our field investigation team's visit to the supposed location, no genuine business premises were found.

No license

What Can I Trade on FTMarkets?

FT Markets offers investors access to 60 financial tradable instruments, including foreign exchange, gold, and silver, as well as stocks and indices. In terms of market instruments, it is quite average.

Tradable Instruments Supported
Forex
Gold & Silver
Stocks
Indices
Commodities
Cryptocurrencies
Bonds
Options
ETFs

Account Type/Fees

Three types of real trading accounts are available on the FT Markets platform: Mini (minimum initial deposit of $50), Gold (minimum initial deposit of $100), and Platinum (minimum initial deposit of $2,000).

Account TpyeMin DepositSpreadCommission
Mini $50From 1.1 pips
Gold $100From 0.7 pips
Platinum $1,000From 0.5 pips
Account comparison

Leverage

FTMarkets offers a leverage of 1:500 for all of its account types, which is relatively high in the industry. While such high leverage can potentially result in significant profits on a single trade, it also significantly amplifies losses. Therefore, we do not recommend using such a high leverage with an unregulated broker like FTMarkets.

Trading Platform

The trading platform provided by FT Markets does not have a specified name and seems to be some sort of web-based platform. Due to the inability to access the official website, we were unable to register for an account or test the platform. In summary, it is best to avoid considering this trader.

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

Deposit and Withdrawal

FT Markets accepts deposits via credit card, wire transfer, and electronic wallets, but it does not specify the minimum deposit amount. Alarmingly, wire transfers are non-refundable, which suggests a potential scam to defraud your assets. Therefore, you are advised to steer clear of this trading service.

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • Seychelles Derivatives Trading License (EP) Revoked
  • High potential risk

Wiki Q&A

Is FTMarkets a scam or a legit trading platform?

FTMarkets operates without a valid, active trading license from any mainstream financial regulator, with a low overall WikiFX score of 1.56 and a formal regulatory status of 'No Regulation'. This profile indicates a significant absence of credible oversight, which is a critical factor for traders to consider.

In a week
United States

What is the license number of FTMarkets?

FTMarkets does not hold a current, active license. The broker has a history of revoked registrations, including a Derivatives Trading License (SD051) from the Seychelles FSA and an Appointed Representative status (001275411) from Australia's ASIC, but neither is currently valid.

In a week
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Where is FTMarkets registered?

The broker is registered in The Virgin Islands, operating under the entity FT Worldwide Holdings Limited. It has been active in the financial services sector for an estimated 5 to 10 years.

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How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

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How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

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What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

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What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

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What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

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