FTE FX offers to traders the following 8 groups of financial instruments, including Currency Pairs, Precious Metals CFD, Stock CFD, Commodity Futures CFD, Gold Instruments and CFDs on Crypto Futures. The broker also offers risk-free limitless Demo Accounts.

Is FTE FX  a scam or legit broker?

No, it is not safe to trade with FTE FX as it is an offshore broker. Ftefx is operated by Ace Capital Ltd, with registration number: 25324 BC 2019, St. Vincent and the Grenadines

St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Binomo, JustForex and more. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.

According to the website, Ftefx is authorized and regulated in various jurisdictions. However, we couldn’t find any legal information about its authorization, which means the broker is unregulated and should be avoided. 

In addition, FTE FX has been blacklisted by Italian regulator CONSOB:

“Consob has ordered the black-out of 7 new websites that offer financial services illegally. The commission used the tools provided in the “growth decree”, which gave Consob the power to order internet service providers to block access from Italy to websites offering financial services without due authorisation.”

We advise all investors and traders to avoid FTE FX and other brokers from St. Vincent and the Grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FXTM and XM.com.

You can also share your trading experience with FTE FX by commenting on this review.

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3 responses to “FTE FX”

  1. I have been contacted by 2 guys called Nick Stone & David Colman of FTEX Group, who they say, are operating out of Switzerland, who want to assist me to make money from the stock market. They use a platform called FTEX Pro, which I deposited €500 into. After being chased today for ID information to formally open the trading account with, I thought I would go a bit further to see if I could find anything on them, and found your information saying that FTEFX is likely to be a company formed in St Vincent or Grenadines. So I have just emailed these 2 guys saying I doing like the sound of it, and would like my money back, today.

    numbers they contacted me on were – 01142 306834 / 01189 730894 / 0203695 7586 (today)
    their first contact was 19.3.20

    • i have been too chatted trou David Colman, and his guys was Dr.Jack Wilson and Dr. Thomas Schulz. Please contact me, I live in the Netherlands.

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