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No Regulation
Score
1.45 /10
Danger
FTM Global Market
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.57
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
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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: FTM Global Market' official website: https://ftmglobalmarket.com is currently inaccessible normally.
| FTM Global Market Review Summary | |
| Founded | 2023 |
| Registered Country/Region | Denmark |
| Regulation | Unregulated |
| Market Instruments | Forex, CFDs, Indices, Metals and Energy |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 2 pips (Standard account) |
| Trading Platform | MT5 (Fake) |
| Min Deposit | $10 |
| Customer Support | Email: support@ftmglobalmarket.com |
FTM Global Market, established in 2023 and registered in Denmark, offers forex, CFDs, indices, metals, and energy trading with leverage up to 1:500 and spread from 2 pips on the Standard account. Demo accounts are available and the minimum deposit requirement to open a live account is $10. However, it has no regulations and their MT5 is a fake one.
Pros and Cons
| Pros | Cons |
| Multiple account types | Not regulated |
| Low minimum deposit | Unavailable official website |
| High spreads | |
| Obscure commissions and fees | |
| Fake MT5 provided | |
| Only email support |
Is FTM Global Market Legit?
FTM Global Market is not regulated and does not have an accessible website. Besides, it lists an address in Copenhagen, Denmark, and claims its headquarters are in London, without specifying their company name. The lack of regulatory information on their website strongly suggests they are not legitimate, indicating a potential scam.
What Can I Trade on FTM Global Market?
FTM Global Market trades in Forex, CFDs, Indices, Metals and Energy.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Metals | ✔ |
| Energy | ✔ |
| Indices | ✔ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
FTM Global Marketoffers PAMM, Star VIP, ECN Pro, Premium, STANDARD, and MICRO accounts.
| Account Type | Min Deposit |
| MICRO | $10 |
| STANDARD | $100 |
| Premium | $100 |
| ECN Pro | $100 |
| Star VIP | $10,000 |
| PAMM | $1,000 |
Leverage
FTM Global Market offers various account types with different maximum leverage levels.
| Account Type | Max Leverage |
| MICRO | 1:500 |
| STANDARD | 1:400 |
| Premium | 1:300 |
| ECN Pro | 1:200 |
| Star VIP | 1:200 |
| PAMM | 1:200 |
Higher leverage can lead to significant profits, but it also carries substantial risk. Traders should carefully manage their positions to avoid excessive losses.
Spread
| Account Type | Spread |
| MICRO | From 3 pips |
| STANDARD | From 2 pips |
| Premium | From 1.6 pips |
Trading Platform
FTM Global Market pretends to offer MetaTrader5, but this is deceptive and further proof of a scam. The Desktop platform download link is broken, and the mobile versions provided are generic. Essentially, FTM Global Market fails to deliver any functional trading software, making it a waste of time given the suspicion of deception.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ❌ | / | Beginners |
| MT5 | ✔ | Desktop, mobile | Experienceds |
Deposit and Withdrawal
FTM Global Market advertises various deposit methods on its website, but in practice, the only way to fund trading accounts is through cryptocurrency direct transfers. They claim to accept major credit cards like VISA and MasterCard, as well as popular e-wallets like Neteller and Skrill, but these options are not actually available. The only payment methods offered are Bitcoin, Bitcoin Cash, and Ethereum, as shown in the screenshot below:
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