Global Broker Regulation Inquiry App
About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

FTMarkets

The Virgin Islands The Virgin Islands | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | Seychelles Derivatives Trading License (EP) Revoked | High Potential Risk

https://www.ftmarkets.com

Website

Rating Index

Contact

+84 12280088
https://www.ftmarkets.com

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Company Profile 5
5-10 years
Questionable Regulatory License
Suspicious Operational Region
Seychelles Derivatives Trading License (EP) Revoked
High Potential Risk
Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
4

Basic Information

Registered Region
The Virgin Islands
Operating Period
5-10 years
Company Name
FT Worldwide Holdings Limited.
Abbreviation
FTMarkets
Employees
--
Email
cs@ftmarkets.com
Contact Number
+8412280088
Account Info
Trading Strategy
Verified Site
Relationship Map
Related Companies
About Us
Wiki Q&A
Comment

Users who viewed FTMarkets also viewed..

taurex

taurex

8.49
Score
5-10 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
taurex
taurex
Score
8.49
5-10 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
Official Website
vantage

vantage

8.70
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
vantage
vantage
Score
8.70
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
STARTRADER

STARTRADER

8.56
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
STARTRADER
STARTRADER
Score
8.56
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
EC markets

EC markets

9.24
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
EC markets
EC markets
Score
9.24
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
Search Sources
Target Language
Market Analysis
Ad Placement

Verified Site

  • ftmarkets.com
    116.251.230.220
    Server Location
    Hong Kong Hong Kong
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Relationship Map

vip Subscribe in the App to unlock!
Download App
vipvip
FTMarkets

Related Companies

FT WORLDWIDE HOLDINGS PTY LTD
FT WORLDWIDE HOLDINGS PTY LTD
Active
Registration No.
633053059
Est. Date
FT WORLDWIDE HOLDINGS PTY LTD(Australia)
Australia
FT WORLDWIDE HOLDINGS PTY LTD(Australia)
Deregistered
Australia
Registration No.
633053059
Est. Date

Company Profile

Company Profile

Review summary

Note: FTMarkets's official website - https://www.ftmarkets.com is currently inaccessible normally.

FTMarkets Review Summary
Founded2018
Registered Country/RegionThe Virgin Islands
RegulationUnregulated
Market InstrumentsForex, gold, and silver, stocks and indices
Demo Account
Leverage1:500
SpreadFrom 1.1 pips (Mini account)
Trading PlatformWeb
Min Deposit$50
Customer SupportTel: +84 12280088
Email: cs@ftmarkets.com
Facebook: https://www.facebook.com/ftmarketsglobal
Instagram: https://www.instagram.com/ftmarketsglobal/
Physical address: Office 4, Unit 2, 2nd Floor, Dekk Complex, Plaisance, Mahe, Seychelles

FTMarkets, registered in the Virgin Islands in 2018, serves as a financial brokerage firm offering over 100 types of trading options. The company provides three types of accounts, comprehensive customer support channels, and leverage up to 1:500. However, this broker lacks legal regulation from any financial authorities.

Pros and Cons

Pros Cons
Diverse tradable asset classesUnavailable website
Multiple trading accountsNo regulation
Mini account offeredNo demo accounts
No commissionsNo reliable trading platform
Low minimum deposit
Popular payment options

Is FTMarkets Legit?

FTMarkets lacks regulation and is not legitimate. It claims to have a physical address in Seychelles, but upon our field investigation team's visit to the supposed location, no genuine business premises were found.

No license

What Can I Trade on FTMarkets?

FT Markets offers investors access to 60 financial tradable instruments, including foreign exchange, gold, and silver, as well as stocks and indices. In terms of market instruments, it is quite average.

Tradable Instruments Supported
Forex
Gold & Silver
Stocks
Indices
Commodities
Cryptocurrencies
Bonds
Options
ETFs

Account Type/Fees

Three types of real trading accounts are available on the FT Markets platform: Mini (minimum initial deposit of $50), Gold (minimum initial deposit of $100), and Platinum (minimum initial deposit of $2,000).

Account TpyeMin DepositSpreadCommission
Mini $50From 1.1 pips
Gold $100From 0.7 pips
Platinum $1,000From 0.5 pips
Account comparison

Leverage

FTMarkets offers a leverage of 1:500 for all of its account types, which is relatively high in the industry. While such high leverage can potentially result in significant profits on a single trade, it also significantly amplifies losses. Therefore, we do not recommend using such a high leverage with an unregulated broker like FTMarkets.

Trading Platform

The trading platform provided by FT Markets does not have a specified name and seems to be some sort of web-based platform. Due to the inability to access the official website, we were unable to register for an account or test the platform. In summary, it is best to avoid considering this trader.

Trading PlatformSupported Available Devices Suitable for
Web Trading PlatformWeb/
MT4/Beginners
MT5/Experienced traders

Deposit and Withdrawal

FT Markets accepts deposits via credit card, wire transfer, and electronic wallets, but it does not specify the minimum deposit amount. Alarmingly, wire transfers are non-refundable, which suggests a potential scam to defraud your assets. Therefore, you are advised to steer clear of this trading service.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • Seychelles Derivatives Trading License (EP) Revoked
  • High Potential Risk

Wiki Q&A

Is FTMarkets a scam or a legit trading platform?

FTMarkets operates without a valid, active trading license from any mainstream financial regulator, with a low overall WikiFX score of 1.56 and a formal regulatory status of 'No Regulation'. This profile indicates a significant absence of credible oversight, which is a critical factor for traders to consider.

04-02
United States

What is the license number of FTMarkets?

FTMarkets does not hold a current, active license. The broker has a history of revoked registrations, including a Derivatives Trading License (SD051) from the Seychelles FSA and an Appointed Representative status (001275411) from Australia's ASIC, but neither is currently valid.

04-02
United States

Where is FTMarkets registered?

The broker is registered in The Virgin Islands, operating under the entity FT Worldwide Holdings Limited. It has been active in the financial services sector for an estimated 5 to 10 years.

04-02
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States
View More
Write a Review
4
Customer ServiceDownload AppScroll to TopTOP

Chrome

Chrome Extension

Global Forex Broker Regulation Query

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com