FTGmarkets is a forex brokerage that was launched in 2019 and is allegedly licensed under Financial Conduct Authority in UK. Their goal according to their website is to establish themselves as a leading brokerage, and assuring that their traders will continue to experience exemplary services and products, that would allow them to realize their investment goals.
In the review below, we take an in-depth look at the features Ftgmarkets.com allegedly offers. The review covers aspects of its licensing, its account types, its leverages, its withdrawal, and deposit methods. Read through our review to see what we and other experts have to say about FTG Markets.
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FTGmarkets Review
FTGmarkets claims that they have set out to debunk the myth that the Forex market is for big institutions and high net worth individuals. They do this by offering a web-based platform that offers assets such as Forex and CFDs, Indices, Cryptocurrency, Stocks, and Precious metals.
They also give other hosts of reasons to choose them that include:
- Huge selection
- Low spreads
- Efficient and secure payment methods (hassle-free deposits and withdrawals)
- Zero commissions on CFD trading
- Professional and responsive customer support
- Advanced and robust trading platforms
FTGmarkets Account Types
FTG Markets lay claims to having five account types with the minimum deposit for the entry account starting at the acceptable price set by the industry, $250.
Their accounts are Basic, Silver, Gold, Platinum, and Diamond.
FTGmarket Withdrawal and Deposit Methods
FTGmarkets accepts bank wire, major credit/debit cards, and popular eWallets as payment options. They claim that they support Web money, Visa, Western union, Mastercard, and the promise to integrate more account funding options periodically.
FTGmarkets claims to process deposits instantly when you use credit/debit cards and eWallets. They say wire transfer may take a few days to reflect in your trading account.
After a thorough read of the site, we came across withdrawal conditions concerning the accounts that took advantage of the bonus promotion. They say that a trader has to achieve a certain trading volume in order to be eligible for withdrawal which is purposefully excessive.
This is a practice most seen in scammers. This tactic is employed so as to impede any trader from actually receiving his money.
Is FTGmarket Licensed?
No, FTG market is not a licensed Forex Broker. We discovered this after investigating their vague claims of being regulated by the Financial Conduct Authority in the UK.
This didn’t come as any revelation as they just gave a vague claim of being registered under the Financial Conduct Authority with any parent company or licensed number.
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Conclusion
They are several things that make us not like FTG market as a potential Forex broker
Number one is that their claims to be licensed is false. Two is the stringent condition required to make a withdrawal, and finally, is that they don’t make it clear where they are located.
In conclusion, we wouldn’t advise or recommend you to trade with Ftgmarkets.com as we could not substantiate their claim of being a registered company.
Ftgmarkets.com is likely a platform run by scammers, trading with them would likely result in you losing your money.
Thank you. You have exposed two platforms that I was toying with using. I actually opened an account with with FTG trading and didn’t get the chance to actually put my password in. So I exited and opened account and there was a password that I couldn’t see so clicked on forgot password. It took me straight into my account. Th as t was enough for me.
They want more money in and when you decline to take loans worth of €90,000.00 they’ll empty your investment account. That’s what happened to me. In the beginning it seemed to be ok, but when you want to take money out it is not possible. They say it takes long time to gather the money etc. There’s always excuse why you can not have your money back. I have contacted them via customer service and I never got reply in written. My first contact to them was the trading pause of seven weeks. I had that time on my account €85,654.00, suddenly when they started to do the trading, there was less than €20,867.00 left. I checked the trading history win loss report and there wasn’t loss enough that could’ve explained the disappearance of 60,567.0 euros. I was not able to get access to my invested capital including my bonus in the Bloombex account, God so kind, luckily as I was researching for how to get my funds back from the scam broker, then I came across a comment on the broker reviews website and found a binary trade funds recovery expert who make my dreams come through email: [email protected] he will guide you on how to get all your lost money back and your bonus included.