✔️ Information reviewed and updated in May 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 |
| 📌 Address | 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.
Hello, I'm going to explain my experience with these people who dedicate themselves to scamming people. My experience follows the pattern of those you have already been explaining. First they contact comingo to make a minimum initial investment of 250eu. They allow a few days to pass so that you can see from their page how the profits are growing at the rate of “out of market” percentages. They called me after a few days to see what type of investments I wanted to make next with higher amounts. I told them that before I wanted to be sure that at any time I could withdraw my money with a transfer from ftmtrade.co to Binance. Through them we made a transfer of 50eu and everything went well. Since I didn't trust the manager's ways very much, I told him that I still wasn't sure about investing more money and I wanted to get it all out. Then he called me another more aggressive manager and after a long time of cheap talk, he got a little nervous when he saw that he couldn't convince me and in the end he started saying some pretty unpleasant phrases. He was trying to get me to install a program on my PC to give him control of my computer and I flatly refused. There I saw that it was a scam. I then reported it to the police and sent them an email that I had reported it and that they would return my money. Well, a couple of days ago another operator called me to withdraw the capital. All lie. He told me that to make the withdrawal he had to pay them a commission of about 1200eu. I told him I was drunk if I thought I was going to give them a cent and hung up. I hope no one falls for this scam again. There is a good list of “companies” like this that scam people
Hello Alfredo, they always try to gain your trust and ask you to enter 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 on Binance or Revolut must be created by you with your email, no. they. Thanks for commenting on FtmTrade. This broker is a SCAM. The FSMA (Financial Regulator of Belgium) 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.
Hello, I am Antonio José Pérez Santandreu and I have been a new victim of FTMTRADE.CO. There is no way or way to contact them. I dealt with a certain Nicolás Romero. We communicated by telegram and he does not answer me either.
In the end everything is lost
Hello Antonio José, they always try to gain your trust and ask you to enter 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 on Binance or Revolut must be created by you with your email, not them. Thanks for commenting on FtmTrade. This broker is a SCAM. The FSMA (Financial Regulator of Belgium) 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.
Yo caí en sus redes en noviembre del 2022
Decid adiós a vuestro dinero.Lo que no me
explico es como todavía no los han cogido
con la de denuncias que deben de tener.
Hola Sergio, si quieres recuperar tu dinero ve a nuestro chat o rellena el formulario en este link: CLAIM YOUR MONEY
Greetings.
Hello, I am José M.PF who has invested a very large amount of money in FTMTRADE and I must say that:
– Everything that appears on the website, which has changed to ftmtrade.co (without the final 'm') is false, since I have verified it by communicating with the companies that say they endorse them.
– It is possible that the operations that appear on the 'trade' page are true and the balances are real, but you will NEVER be able to recover them.
-In short, they are professional scammers who have ruined many people. I say this because it has been more than a month to recover what are theoretically my benefits for the year 2022 without success.
DO NOT INVEST IN FTMTRADE!!!
Hello José, they always try to gain your trust and ask you to enter 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, you must create the accounts on Binance or Revolut with your email, no. they. Thanks for commenting on FtmTrade. This broker is a SCAM. The FSMA (Financial Regulator of Belgium) 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.
Good morning, they are sons of bitches, scammers, they have appropriated €20000 and I have been trying to recover them for 4 months, through complaints, I consider that money lost, they are not even their names, Camilo Torres, Maximiliano Martín, Ignacio , Yonatan Mejía, Godofredo Fernándes, it's a bad pain for these panchitos, that no one invests, everything is a lie, they ruin people, that no one invests in Ftmtrade, they are garbage, they will change the name right away and they will go away another platform. Jail is where everyone should be, until they can, they ruin you.
Hello Francisco, they always try to gain your trust and ask you to enter 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, you must create the accounts on Binance or Revolut with your email, no. they. Thanks for commenting on FtmTrade. This broker is a SCAM. The FSMA (Financial Regulator of Belgium) 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.
Hello, my name is Miguel RR, I have contacted FTMTRADE and I have deposited €249 on December 12, 2022, they have opened an account with Binance and they have requested a Revolut card. I can access these accounts through any of my devices and using my passwords, which I have already changed.
When I enter trade it appears to me that in fact I have a deposit since the aforementioned date of €249, and that it has also generated income day by day with a total of €13,95 in four days. When I contacted TRADE, I first spoke with a certain Daniel Pérez, the next day a certain Carlos Cisnero called me, who also contacted me through Telegran, it is with this one that I speak daily, between days a certain Nicolás Romero called me, according to Carlos in charge of the Market and all this in this week from the 12th to the 16th. They are wanting me to ask for a loan and make a larger investment. Which I have refused.
We are waiting to contact each other next Monday the 19th. I don't know what the strategy is since the accounts, apparently, are real. I do not really know what to do. Of course not to enter more money, but with what has already been entered...
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.
They are reported by FSMA. THEY ARE NOT RELIABLE
Hello ANONYMOUS, thank you for commenting on FtmTrade. This broker is a SCAM. The FSMA (Financial Regulator of Belgium) 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.
Below I will detail the scam of which I have been a victim:
Following an article published on the internet about the advantages of investing in cryptocurrencies in which there was a contact form with the company FTMTRADE, I decided to contact them through it. They attended to me quickly and I made an investment with them of €250, I paid this with my credit card.
From there they gave me a username and password and through an online application I could see the status of my investment. An advisor assigned to me (Alberto Delpino) called me every afternoon to explain the advantages of investing and told me that I had to open an account on Binance to be able to make deposits and withdrawals through this account.
He told me that for any transaction I had to open an account on Binance and so I did, always guided by him.
I was already a little tired from so many calls and decided not to always answer the phone. She constantly called me to tell me what money-making opportunities there were so I could invest more money. In the end she convinced me to invest two thousand euros more. The transfer of this money was done through Binance. I didn't know how to use the program and he told me to install Anydesk and log into my computer to do the transfer. The calls continued and so did his insistence that I invest more, but I decided not to risk any more money.
They made two refunds of 50 euros each so that I could check how they would make the refunds to my account.
In the application they have I saw how the money was growing in a very big way that I couldn't believe. One day Alberto called and told me that since I have a lot of money in my account that I should make a refund, he told me that he had 90.000 euros in profit, it seemed good to me and according to what he told me he had sent my money to a Coinbase wallet, but to send it to My Binance account told me that I had to send them a transfer of 20700 euros, which is, according to what it told me, 23% of the profits that I had supposedly obtained, which amounted to 90,000 euros.
According to what he told me, this was for the payment of the treasury. I responded that I should pay those taxes with the money they had and they would deduct it from me and he said that that couldn't be the case, that I had to send the money to them and then they would send the 90,000 euros to me immediately. I told them that I didn't have that much money and they told me that there were no problems, I could request an instant loan from my bank and pay it and that later with the money they sent me, I could pay off the loan.
I told him that I would not pay anything until I had an official document with my account information and specifying that I had to pay the 23% tax. They sent me a document to my email, which I attach. In the following days they harassed me with continuous calls telling me that if I didn't pay they would commit fraud and that I would have problems with the treasury.
They told me to make the transfer first to my Binance account, but there were problems and they returned the transfer I made, so they told me to make the transfer to Wise, where I had to open an account and from there to binance and then to them . They do all this so as not to leave a trace of the money they receive.
They overwhelmed me so much that in the end I decided to pay it the way they wanted, through Binance and always entering them on my computer, this was done on November 10. Once the transfer is finished, after five seconds they tell me that my account has been blocked by the Treasury and that they cannot send my money to me until I make another transfer of the same amount. At that moment I realized that I had been scammed and had lost my money.
Then they sent me another document to my email stating why my account was being held. My “advisor” Alberto del Pino, if that is really his name, well I already doubt everything, he sent me another document.
They have been calling me since then to offer to get my money back, always in the same way, they want me to send them more money, once they have it in their possession they will send my money to me, but they are no longer deceiving me, they are not I will send not a single euro.
They are scammers with capital letters, do not invest a single euro with them because you will lose it.
Hello Maria, thank you very much for such a detailed explanation, it will be very useful to save other people, the money can be recovered, fill out the form or through the chat. THEY HAVE NO REGULATION. Thanks for writing about FTMTrade. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check this link: CLAIM YOUR MONEY
Greetings.
Lo que no entiendo es porque siguen funcionando a día de hoy mucho cuidado con ellos
Hola Sergio, siempre intentan ganarse tu confianza y piden que ingreses más y al final todo se pierde o desaparece o te dejan de contesar, si ellos tienen acceso a tus cuentas desconfía, las cuentas en Binance o Revolut debes crearlas tu con tu correo, no ellos. Gracias por comentar sobre FtmTrade. Este broker es una ESTAFA. La FSMA (Regulador Financiero de Bélgica) ya ha advertido sobre ellos, por fraude y no estar regulados (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.
I am also another victim of this tribe of scammers and more specifically of FTM trade, the same one that Juan Rafael denounces. but with a figure that I am ashamed to say
To try to compensate myself for part of the scam, I have filed a report with the police and they have given me little hope: however, read the news that appeared on November 14 or 15 in relation to these gangs.
of scammers and they mentioned procedures identical to those that I accompanied in the complaint and identical to those mentioned on this page
From so much that we have talked about, this Pablo García, I would say that he is almost part of the family
LOSE YOUR SHAME AND REPORT TO THE POLICE
Hello Joan, IT HAS NO REGULATION. Thanks for writing about FTMTrade. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check this link: CLAIM YOUR MONEY
Greetings.
Very good, bad experience, scam, I have to say that I sensed it from minute zero since I spoke with a certain Pablo García, the typical smoke seller, the first contact on October 17, 2022, he made me download a series of applications among them Anydesk with this application you can see my movements on the computer. I didn't know this and I fell into the trap of let's see the benefits of the results of the cryptocurrency, that's all I know.
In short, I don't know if he is an imposter and he is doing a disservice to FTmtrade with several people plus one Olivia Obregón, the secretary, and one Manuel from Colombia who pretends to be a colleague, by the way, this Pablo is from Mallorca.
In short, they have scammed me 550 euros
I knew that Iván had scammed me, the vote of confidence at that moment in them and the desire to earn a little more money by investing could have been greater. I have to say that if you talk to them, they don't even know how to speak, they go very fast so that you don't have any doubts and Very liars do not remember lies.
My experience with them was 3 days and 8 hours on the phone. By the way, the contacts they provide do not correspond.
Hello Juan Rafael, THERE IS NO REGULATION. Thanks for writing about FTMTrade. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check this link: CLAIM YOUR MONEY
Greetings.
From my own experience, I advise you not to invest with FTMtrade. Before investing, I was looking for information, and it turns out that they appear in most lists of reliable platforms. That's why I decided to start with them. Letting myself go, with caution, but listening to their help and advice. Well, after a month and a half, my account has obtained 200% profitability. So, I decided that I wanted to withdraw what I invested, and leave the profits to fatten the account. Well, everything was very nice, everyone was very kind, right up until that moment. At the moment I have it in the hands of the police, Binance security agents and the treasury. I see that it is going to cost me my life to recover my investment, and I am no longer telling you what I think of the profits obtained (supposedly). I'm going to look for all the lists where they appear reliable and I'm going to notify all the people who can read me. A hug and good luck to everyone!
Hello Teresa, THERE IS NO REGULATION. Thanks for writing about FTMTrade. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check this link: CLAIM YOUR MONEY
Greetings.
Is FTMtrade regulated? Can I trust them?
Hello Candela, THERE IS NO REGULATION. Thanks for writing about FTMTrade. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check this link: CLAIM YOUR MONEY
Greetings.
Do not do it!!!!! I already have complaints and paperwork, it is difficult to realize at first, but everything that comes after is desperate, and possibly irrecoverable, I sincerely recommend that you do not take them into account and keep searching until you find something legal. False documents, fake accounts, telephone numbers, names, I would even tell you that the account that shows you as yours is not even real.
If you want to call by phone, they don't answer, or they are roaming numbers, or they simply don't answer. Good luck.