Is FTEX legit?

By Anonymous, from Portugal, September 14, 2021 at 04:13 PM

Is this legit?

Answer: Hi Anonymous,

There is unfortunately not enough information on FTEX‘s website about its regulatory status, location or any kind of contacts. The broker does not provide important information, which means it does not comply to the regulatory rules. We were not able to find any information about this broker online, and this looks quite suspicious.

We never advise trading with a non-licensed broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no any guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.

If you are looking for a reliable company to invest with, check our list of the Regulated brokers.

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