✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will tell you why You should NOT invest in FtmTrade. We analyze the website, we observe every detail and we 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…
A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about FtmTrade and tell you why we came to such a conclusion:
Basic Information
| 🌐 Website | ftmtrade.com | ftmtrade.co | ftmtrade.info |
| 🏠 Company | FTMTrade |
| ️ Regulatory | not regulated |
| [email protected] | |
| 📈 Leading | WebTrader |
| 📌 Direction | United Kingdom |
⚠️ FtmTrade is owned by FTMTrade, the company is located in the United Kingdom, dangerous for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. Be careful. ⚠️
Account types
We now move on to discussing the account types that FtmTrade offers, in this case, we note that it does not offer any account types.
Information on the web
FtmTrade provides a basic explanation about the financial products it offers, an educational section, asset index, market news although in English, economic calendar also in English, live charts, some financial calculators, not much more than this.
List of phone numbers
- +442037721060
- +442037721026
🚫 FtmTrade Final Rating 🚫
Finally, and in a few words, our recommendation is: DO NOT INVEST WITH FtmTrade.
As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.
In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!
Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.
Updates
News about FtmTrade:
| Date | Update – news |
|---|---|
| August 2022 | We receive a lot of messages from FtmTrade clients claiming that they are unable to withdraw their capital. |
| November 2022 | FtmTrade is denounced by the regulatory body FSMA. |
| April 2023 | FtmTrade is denounced by the regulatory body AMF. |
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 FtmTrade.
At the end of the review you will find customer comments.
How to Claim Money Scammed by FtmTrade
How to Report FtmTrade
FAQs
How can I report FtmTrade?
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 FtmTrade a scam – is it scam?
Yes. We believe that FtmTrade is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.
Is FtmTrade trustworthy?
No. FtmTrade is not trustworthy, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.
How to recover money from FtmTrade?
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.
Are there (recommended) alternatives to FtmTrade?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
I am Miguel RR again, I warn those who are contacted by FTMTRADE so that they DO NOT fall for their lies and deceit, FTMTRADE is a SCAM, in the end they keep your money. Please, that broker is only interested in deceiving you and keeping your money. I was scammed €500 by a certain Pedro Chinea Castro, who supposedly had my wallet in my account 127799. They are scoundrels
Hello Miguel, they always try to earn your trust and ask you to deposit more and in the end everything is lost or disappears or they stop answering you, if they have access to your accounts, don't trust them, the accounts in Binance or Revolut must be created with your email, no them. Thank you for commenting on FtmTrade. This broker is a SCAM. The FSMA (Belgian Financial Regulator) has already warned about them, for fraud and not being regulated (See FSMA 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.
Friends, if someone can help me, or I have to screw myself and put up with it:
I tried to leave there, and they told me that I had to pay the interest of what I had earned from there, England and it turns out that I have paid a part, and supposedly another company called Moonpay, which is the one that received the money, to transform my virtual currency into money, tells me that the bank has not accepted the transaction, but they have already charged me by the bank, and that I should wait between 10 to 30 business days, for the return, which I have been waiting for 33 business days.
Where can you report these 2 companies??? Moonpay and FMTTRADE?.
Hi David, they always try to earn your trust and ask you to deposit more and in the end everything is lost or disappears or they stop answering you, if they have access to your accounts, don't trust them, Binance or Revolut accounts you must create with your email, not them. Thank you for commenting on FtmTrade. This broker is a SCAM. The FSMA (Belgian Financial Regulator) has already warned about them, for fraud and not being regulated (See FSMA 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.
Another scammed more
I have only lost the initial 250e, I was lucky to see the feather duster and not invest more.
Hello Juan, you have done well to be suspicious and get off topic.
Greetings.
I am Miguel RR, I entered €500 and they made me believe that I had made a profit of around €13.000. I then told them that I wanted to recover what I had originally entered, that is, €500. That's where the problem started, they told me that to recover the €13000 I had to pay the taxes beforehand, that is, about €3000. I clarified that I wanted to recover what was deposited in principle. They have put me off for several days after until they have stopped calling me. In short, €500 lost. During the time I was communicating with them, the following individuals called me on the phone:
PEDRO CHINEA CASTRO
STEPHAN VICAR
DIEGO PEREZ
CARLOS CISNEROS
NICOLAS ROMERO
AND A CALLED MARIO
TODAY I CANNOT EVEN LOG INTO THE ACCOUNT ANYMORE, they have blocked everything.
THEY ARE SCAMMERS SCAMMERS
Hello Miguel, they always try to earn your trust and ask you to deposit more and in the end everything is lost or disappears or they stop answering you, if they have access to your accounts, don't trust them, the accounts in Binance or Revolut must be created with your email, no them. Thank you for commenting on FtmTrade. This broker is a SCAM. The FSMA (Belgian Financial Regulator) has already warned about them, for fraud and not being regulated (See FSMA 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.