FTG-Some Detailed Information about This Broker

Note: FTG's official site - https://www.fairtg.com/en/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

What is FTG？

Fair Trading Global, also known as FTG, is a company registered in Seychelles and has been regulated by the Financial Services Authority (FSA) and the Money Trading Regulation (MTR). However, it's important to note that its regulation status has been revoked.

Pros & Cons

Pros:

• FTG provides various market instruments for trading. This offers various options to traders depending on their investment objectives and risk tolerance.

Cons:

• The company's regulation by the FSA and MTR has been revoked. This lack of regulation indicates a reduction in oversight and protection for traders, which can be a significant red flag.

• The company's website is not functioning, restricting access to essential information and thereby raising additional doubts about its credibility and transparency.

• Lastly, the platform has received not-so-good feedback from users. User feedback can provide valuable insights into a company's reliability and the quality of its services, thus negative feedback can be a signal for potential investors to proceed with caution.

Is FTG safe or scam？

Fair Trading Global (FTG) has had two regulatory licenses revoked, one by the Seychelles Financial Services Authority (FSA) and the other by the MajandusTegevuse Register (MTR) in Estonia. The former was a Retail Forex License, while the latter was an Investment Advisory License. The license numbers and other specific details have not been fully released or are non-existent, raising legitimate concerns.

Moreover, FTG has received multiple serious user complaints that further underscore its potential high risk. Some users have reported trouble withdrawing funds, with instances of withdrawn money not being received even after considerable waiting periods. Some accounts were even banned following a withdrawal request, with the platform's customer service either unable or unwilling to assist. Evidence of unresponsiveness and a lack of satisfactory communication from the platform has been reported as well.

One former employee reported the sudden closure of an office location with no explanation, along with unpaid salaries and commissions. The same employee reported that even though they had a modest amount in their account, they were still denied withdrawal access. Such serious allegations, if true, not only show FTG in a poor light but also reaffirm its risk status significantly.

Thus, in light of its revoked licenses and the numerous user issues, FTG poses considerable risk and traders should exercise extreme caution.

Market Instruments

Fair Trading Global (FTG) offers a variety of market instruments for trading. These include Forex currency pairs, which entail trading one currency for another on the global foreign exchange market. It also provides commodities and metals for trading, allowing traders to bet on the price shifts of basic raw materials, including precious metals. In addition, FTG offers trades in indices and stocks, allowing traders to invest in market sections and company shares. This diversity in trading instruments provides traders with numerous investment opportunities.

Account Types

Fair Trading Group (FTG) offers two distinct types of accounts that are designed to cater to a wide range of trader needs and preferences. These account types both give users access to all of the financial products and trading platforms that FTG offers:

• Standard Account: The Standard Account is typically suited to regular investors and traders. It offers access to all financial products, and it likely comes with a basic set of features that can be upgraded according to the clients' requirements.

• VIP Account: The VIP Account is designed for more experienced and high-volume traders. It comes with a more comprehensive range of features and services, which can include but are not limited to lower spreads, a personal account manager, and access to more advanced trading tools and research materials. VIP accounts often require a higher minimum deposit than standard accounts.

Deposit & Withdrawal

Fair Trading Group (FTG) accommodates two deposit and withdrawal methods designed to provide convenience to its clients.

• Visa: One of the most universally accepted methods, Visa card holders can easily deposit funds into their trading account and initiate withdrawals when needed through this method.

• MasterCard: Another wide-reaching card service, MasterCard users have the option to use their cards for both deposits and withdrawals with FTG.

Trading Platform

FTG uses its proprietary trading platform, known as the FTG Platform. Being an in-house platform, it is expected to be tailored to the unique features and functionalities of FTG's trading environment. However, without specific information on its features, it's difficult to detail its capabilities.

Conclusion

Fair Trading Global (FTG) offers a variety of market instruments and two main types of accounts, promising a flexible trading environment. However, the revocation of its regulatory licenses, serious user complaints including issues with withdrawals, and the non-functioning state of its website raise considerable concerns about its credibility and reliability. The negative user feedback and allegations of poor communication further intensify the risk, making FTG a platform where traders should proceed with utmost caution.

Frequently Asked Questions (FAQs)

Q: What market instruments does FTG provide？

A: FTG offers various market instruments including Forex currency pairs, commodities, metals, indices, and stocks.

Q: What trading platform does FTG use？

A: FTG uses its proprietary trading platform, the FTG Platform, specifically developed for their trading environment.

Q: What are the deposit and withdrawal methods at FTG？

A: The indicated deposit and withdrawal methods at FTG include Visa and MasterCard.

Q: Is FTG a safe platform for trading？

A: Due to FTG's revoked regulatory licenses and negative user feedback, it poses significant potential risks, indicating that it may not be a safe trading platform.

Q: What kind of accounts does FTG offer？

A: FTG offers two account types - a Standard Account for regular investors and a VIP Account for more experienced or high-volume traders.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.