Score

1.51 /10
Danger

FTMarkets

The Virgin Islands

5-10 years

Suspicious Regulatory License

White label MT4

The server is only located in China.

Australia Appointed Representative(AR) Revoked

High potential risk

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Comparison

Quantity 3

Exposure

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Website

Score

Regulatory Index0.00

Business Index6.97

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

FT Worldwide Holdings Limited.

Company Abbreviation

FTMarkets

Platform registered country and region

The Virgin Islands

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 5
Previous Detection : 2024-09-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

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FTMarkets · Company summary

General Information & Regulation

FT Markets is a UK-registered online forex broker, the trading name of FT Worldwide Holdings Limited, founded in 2005 with offices in London, Hong Kong, New York, and other locations. FT Worldwide Holdings Limited is currently regulated offshore by the Seychelles Financial Services Authority and holds its authorized retail forex license, regulatory number: SD051 as well as an authorized representative license from ASIC in Australia, regulatory number: 001275411.

Market Instruments

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.

FT Markets Minimum Deposit

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).

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FT Markets Leverage

The maximum trading leverage offered by FTMarkets is up to 1:500. Investors should be aware that leverage can increase potential profits on the one hand, but can also increase risk on the other, so use leverage according to your risk tolerance.

Spreads & Commissions

FT Markets requires no commissions, only calculating commission into spreads. The average spread on a mini account is 2.1 pips on GBP/USD, 1.5 pips on AUD/USD, 0.35 pips on XAUUSD, and 0.04 pips on XAGUSD, the average spread on a gold account is 1.7 pips on GBP/USD, 1.1 pips on AUD/USD, 0.28 pips on XAUUSD and 0.03 pips on XAGUSD, the average spread on a platinum account is 1.5 pips on GBP/USD and 0.7 pips on AUD/USD. The average spread for GBP/USD is 1.5 pips, for AUD/USD is 0.7 pips, XAUUSD 0.22 pips, and for XAGUSD 0.03 pips. More information on spreads can be found on the FT Markets website.

Trading Platforms

FT Markets offers traders two trading platform options, the FT mobile app (downloadable in the App Store and Google) and the world-renowned MT4 trading platform (Windows, iOS, Mac, Android versions).

Deposit and withdrawal

FTcMarket offers a variety of deposit and withdrawal methods, such as wire transfer, VISA, MasterCard credit cards, Skrill, Neteller, and other electronic wallets.

Customer Support

The FTMarkets customer support team can be reached through telephone, email, and two social media platform including Facebook and Twitter. The custome support service is only available 24/5.

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User Reviews

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User comment

3

Comments

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Dyshmliy
more than one year
Be aware of the FTMarkets. I came to know that my best friends Benjamin’s multiple trading accounts have been wiped out. Be careful before joining this broker.
Be aware of the FTMarkets. I came to know that my best friends Benjamin’s multiple trading accounts have been wiped out. Be careful before joining this broker.
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2023-02-23 10:17
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成就所愿
more than one year
Another scammer, it doesn’t have any license at all. although it claims to offer high leverage, zero-commission trading environment, i strongly recommend you that don’t put down your money here. I’ve lost $2,000 on this platform. They are just shameless cheaters.
Another scammer, it doesn’t have any license at all. although it claims to offer high leverage, zero-commission trading environment, i strongly recommend you that don’t put down your money here. I’ve lost $2,000 on this platform. They are just shameless cheaters.
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2022-12-05 15:04
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