✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will tell you if we consider that the company FTMO is a safe company or an untrustworthy company. Read our full analysis to find out everything!
We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...
Below we will show you essential information about FTMO and we will tell you why we reached such a conclusion:
Basic Information
| 🌐 Website | ftmo.com |
| 🏠 Company | FTMO Evaluation Global sro |
| ️ Regulatory | Not regulated |
| [email protected] | |
| 📈 Leading | MetaTrader 4 – MetaTrader 5 |
| 📌 Direction | Purkynova 2121/3, 110 00 Prague, Czech Republic |
| 🕑 Website age | Website registered on: November 16, 2001 |
| ❓ Company type | Foreign Exchange, Cryptocurrencies, Commodities and Indices Broker |
Company: FTMO is operated by FTMO Evaluation Global sro
Location: FTMO Evaluation Global sro is a company located in the Czech Republic.
What is FTMO?
After having carried out an analysis of the company's website, we can say that FTMO is a Forex, Cryptocurrency, Commodities and Indices broker.
Account types
The platform does not offer different accounts to carry out operations.
Information on the web
Here we show you a screenshot of the FTMO website, which is ftmo.com. The capture was made in MARCH 2024.
Contact: phone numbers and email
– We have found the following telephone number: +44 2033222983
– We have found the following email: [email protected]
FTMO Regulation
We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:
The broker presents us with a very worrying situation; he mentions absolutely nothing about regulating it. What does this make us think? We are talking about an unregulated broker. What does it mean? This means that the broker's clients and all their money are without any type of protection. That is to say, if the broker has bad intentions, most likely you will not be able to do anything to recover your money. Please be very careful with these types of companies. Think carefully before sending money, you are sending it to a company without any type of regulation or protection!
Final FTMO valuation
After thoroughly researching FTMO, a broker that trades currencies, cryptocurrencies, commodities and indices, some important considerations emerge. Although its actual location is in the Czech Republic and its website has been active since November 2001, a key concern is its lack of official regulation.
In the world of online investments, regulation acts as a crucial benchmark for transparency and investor protection. However, FTMO lacks this regulatory support, which may create some uncertainty among investors about the safety and fairness of its operations.
The FTMO website promises a simulated trading platform and the ability to trade up to $200,000 in an FTMO account, with up to 90% profit from simulated trades. Although these offers may be attractive, the lack of regulation raises questions about the strength of such promises.
While FTMO's long history in the industry could inspire some confidence, the lack of regulation remains a major concern. Investors should carefully evaluate the potential risks before deciding to deposit funds on an unregulated platform.
Ultimately, although FTMO can offer interesting opportunities, the lack of regulation and the absence of comprehensive regulatory protections may lead to caution among investors. It is strongly recommended that investors consider alternatives that have strong regulatory support to ensure the safety of their funds.
It is important to remember that in the world of investments, prudence is always a virtue. Investors should conduct extensive research and look for brokers that offer a balanced combination of exciting investment opportunities and a strong regulatory framework to protect their financial interests.
Updates
FTMO News:
| Date | Update – news |
|---|---|
| - | No news at the moment |
User Reviews
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with FTMO.
At the end of the review you will find customer comments.
How to Claim Money Scammed by FTMO
If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.
How to Report FTMO
If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.
FAQs
Are there (recommended) alternatives to FTMO?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
How can I report FTMO?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is FTMO reliable?
Since FTMO is unregulated, there is some uncertainty as to its reliability. Regulation is a fundamental component for transparency and investor protection in the financial industry. The lack of regulation can raise questions about the security and fairness of operations carried out through the FTMO platform. While the company may have a long history in the industry, the lack of official regulatory oversight may be cause for caution for investors. It is essential that investors carefully assess the risks and consider alternatives that have strong regulatory support to protect their financial interests.
How to recover money from FTMO?
If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.
The company is denounced by AMF. WATCH OUT.
Hi Luca, thanks for commenting on FTMO. This broker is a SCAM. The AMF (French Financial Regulator) has already warned about them, for fraud and not being regulated (See AMF link). Do not send them money, they want to get as much money as possible with lies, the operations are not real, the money is not put on the market, they only show it and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To recover your money, try our CHAT or in the FORM of this link: CLAIM YOUR MONEY
Greetings.