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No Regulation
Score
1.49 /10
Danger
FTGmarkets
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.88
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-12-23
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Note: FTGmarkets' official website: https://ftgmarkets.com/ is currently inaccessible normally.
| FTGmarketsReview Summary | |
| Founded | 2023 |
| Registered Country/Region | Switzerland |
| Regulation | No regulation |
| Market Instruments | Forex, stocks, commodities, indices |
| Demo Account | ❌ |
| Leverage | Up to 1:40 |
| Spread | / |
| Trading Platform | Web-based |
| Min Deposit | $250 |
| Customer Support | Phone: +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 products | No 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.
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 Platform | Supported | Available Devices | Suitable for |
| Web-based | ✔ | Web | / |
| 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.
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