de | cn | ru

TradeFTM Review – is it scam or safe?

TradeFTM Review  – is www.tradeftm.com scam or safe forex broker?

RATING: 1.5 / 2 REVIEWS ForexBrokerz TradeFTM
TradeFTM is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


 Trading accounts and conditions

 

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Mini $200 0.01 lots 1:1000 From 2 pips
Standard $500 0.01 lots 1:1000 From 1.6 pips
Gold $2000 0.1 lots 1:500 From 1 pip
Professional $5000 0.5 lots 1:400 From 0.6 pip

 

 

TradeFTM has four types of live trading accounts: Mini, Standard, Gold and Professional. Additionally, the broker offers a swap-free Islamic account and an Auto Account.


The broker offers trading in around 40 forex pairs – major, minor and some exotics and CFDs on commodities, indices, precious metals and energies. Clients of TradeFTM can also trade in several types of binary options.



The Company. Security of Funds


Company Country Regulation
TradeFTM UK No

 

TradeFTM is based in the UK, but is not regulated by the country's Financial Conduct Authority (FCA).


It is highly advisable that clients avoid unregulated brokers, no matter where they are based, as dealing with them is rather risky. Much riskier than the regulated brokers, especially those supervised by the FCA or the Australian Securities and Investment Commission (ASIC). Usually the regulated brokers are required to abide to strict rules, including for capital adequacy, segregation of customer accounts and experience of company employees.



Trading platform


TradeFTM provides trading on the most popular forex platform – MetaTrader 4 (MT4), in all its versions – for desktop, web and Android and iOS mobile devices.


MT4 is preferred by brokers and traders alike for its easy interface, support for multiple types of orders, wide array of options, charting and technical analysis tools, automated trading and a whole lot of other features.



Promotions

 

TradeFTM has a welcome bonus and a no deposit bonus. Both are subject to a set of terms and conditions.



Methods of payment


TradeFTM accepts payments through credit and debit cards and bank transfers. There is also the option to deposit through the online payment systems FasaPay, Skrill and Neteller.



Conclusion


TradeFTM is an unregulated broker that does not stand out much among its peers. Its trading conditions are nothing special, except perhaps the 1:1000 leverage on some accounts. This, however, could be rather tricky as the high leverage means large risk of losing everything in just one unsuccessful trade. Besides, it is always a better idea to deal with a regulated trading venue.


Pros Cons
MT4 Unregulated
High leverage High deposit


 

 

Latest news about TradeFTM
No news about TradeFTM. Check back later.
Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
cTrader
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

Traders` reviews for TradeFTM

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Adarsh opened 3 big lots in my USD 40000 account and destroyed it

Sirs,
My trading account with tradeftm a/c no. 2096572087 had a balance of USD 40,000. (FORTY THOUSAND US Dollars)

Adarsh opened huge lots, 20 lots+ 10 lots + 10 lots (Total 40 lots in my account ) ALL AT ONCE in the wrong trend direction (Faulty Trades) and caused my account to become ZERO balance. Adarsh did it on his own without my permission to open such huge 40 lots size trades in my humble account. I have NEVER traded in such currency pairs anytime.

If I had opened faulty positions, then I would be responsible.

I am not ready to lose USD 40,000
Let it be known to you that I profited tradeftm greatly by much trading. I am aware of the profits I made to tradeftm. Why should my account be shattered like this? I want JUSTICE DONE.
I had complained to the tradeftm compliance on your website, but no reply yet.

I request you to JUSTLY consider this case and to put the USD 40,000 back into my account again.

I shall appreciate justice by reimbursing my 40000 USD back to me.


Dr. G. ALLAN ROY
A/c no. 2096572087.

Allan Roy 10/29/2018

TradeFTM's Adarsh devastated my trading account of USD 40,000

My trading account with tradeftm a/c no. 2096572087 had a balance of USD 40,000. (FORTY THOUSAND US Dollars)

Adarsh opened huge lots, 20 lots+ 10 lots + 10 lots (Total 40 lots in my account ) ALL AT ONCE in the wrong trend direction (Faulty Trades) and caused my account to become ZERO balance. Adarsh did it on his own without my permission to open such huge 40 lots size trades in my humble account. I have NEVER traded in such currency pairs anytime.

If I had opened faulty positions, then I would be responsible. Adarsh opened the positions

USD 40,000 (FORTY THOUSAND U S DOLLARS is precious to me. It is my hard earned money. IT IS MY BLOOD.

Let it be known to you that I profited tradeftm greatly by much trading. I am aware of the profits I made to tradeftm. Why should my account be shattered like this? I want JUSTICE DONE.
I had complained to the tradeftm compliance on your website, but no reply yet.

I request you to JUSTLY consider this case and to put the USD 40,000 back into my account.


Dr. G. ALLAN ROY
A/c no. 2096572087.

Allan Roy 10/26/2018
de | cn | ru