Is TradeFTM a scam or a legit broker?
TradeFTM is not a safe broker. According to our research, TradeFTM has been suspected in fraudulent actions. The company does not hold any financial licenses, but claims the opposite. Therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.
|🗺️ Registered in||No Registration|
|🗺️ Type of License||No License|
|🛡️ Is TradeFTM safe to trade||No|
|🗺️ Recommended Licenses||FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺|
|🖥 Alternative Broker||FP Markets - licensed by ASIC in Australia|
TradeFTM is a trading name of FX TRADING LTD, authorized and registered by the HOC (Companies House UK) in the conduct of its investment business.
TradeFTM is entered on the HOC register and its registered. TradeFTM is a Public Limited Company registered in England, company number DJ812687.
The registered office is 180, Whitton Rd, Hounslow TW3 2ES, UK. With all this information provided on the website of the firm, it is still not registered by the Financial Conduct Authority (FCA), which means they are not allowed to offer their services in the UK.
No matter where the company is based, we highly recommend to avoid unregulated brokers as investing with them is rather risky. There is almost no risk in trading with the regulated brokers, especially those supervised by the FCA or the Australian Securities and Investment Commission (ASIC).
Such regulators guarantee the segregation of the funds and even the compensation (for example, up to GBP 50,000 with the FCA).
We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and XM.com.
Yet, it is always great to hear your personal opinion about TradeFTM. So you may share your experience or thoughts or discuss them below or ask us for additional information.
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