FTM Trade is masquarading as a CFDs broker from the UK but our review has evidence that this is a scam.

We’ve received over 10 review requests regarding FTMTrade, and only 5 requests are enough to trigger a review.

In as much as they continue fooling traders that they are operating like any other legitimate broker, it has come to our attention that FTM trade is actually stealing investors funds.

The investment fraud is operating in tandem with oorafx.com and now a defunct domain called royalarmyfx.com.

These illegal entities lack transparency, and are the subject of many complaints in the reviews that we have come across on the internet.

If you want to trade with reliable brokers or investment firms, choose from the list of recommended brokers below:

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FTM Trade review: Broker not legit but a scam

Apart from the fact that this broker is very new and untrustworthy, we have also observed that their website is very secretive when it comes to giving information.

They have refused to disclose the identities of the people involved in running its activities.

They’ve refused to disclose company name and real location, even though it’s still clear that this illegal investment entity is operating out of the United Kingdom.

FTM Trade does not bother to disclose information related to minimum deposit, leverage and generally the cost of trading on their platform.

And their association with other scams make them even more suspicious.

They thrive on lies hoping that they will convince consumers to sign up and ‘trade’ on their platform.

FTMTrade Review: Not regulated

FTM Trade claims that they’ve been certified by the Crypto Conduct Authority but this is a big fat lie.

There is no evidence to support this claim.

They are also offering illegal managed trading accounts. The account manager of this service is illegally promising return on investment since this is clearly a breach of the securities act.

FTM Trade is not licensed or authorized to provide any kind of financial services to the world.

In the UK where they are claiming to operate from, the FCA is the body that’s in charge of overseeing the activities of Forex and CFDs brokers.

Unfortunately, FTM Trade is not among the authorized financial services online. This makes it an illegal and dangerous broker to use.

Reviews of FTM Trade prove that it’s a scam

When we checked reviews of this broker online, we found a lot of users narrating their stories about FTMtrade defrauding them of their money.

Users have also stated that the account manager does not know anything about trading and the sales team is highly fraudulent.

To prove that FTMtrade.com is actually a scam, the broker has refused to respond to any of these complaints or reviews.

This proves that the broker is a terrible scam.

The Conclusion of this FTM Trade broker review

This scam is similar to UniTrust Ventures, TeraFX and many others. The sales team is pushy because their agenda is to make you deposit your hard-earned money before they can steal it.

If you give these crooks a chance, they are going to land you in financial trouble.

We ask you to avoid this broker altogether. If you have been scammed, you should seek help by following our recommendation here.

Thanks for reading our review.