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Scammed By FtmTrade?
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FtmTrade Review

Overview

FtmTrade logo
🌐 Website ftmtrade.com
🏠 Company N/A
📌 Address 22 Bishopsgate, London EC2N 4AJ, United Kingdom
📞 Phone +442037721060
📧 Email support@ftmtrade.com
⚖️ Regulation  Unregulated, Blacklisted
Rating: 1/5

FtmTrade Details

FtmTrade is an online trading broker owned by N/A and located at 22 Bishopsgate, London EC2N 4AJ, United Kingdom.

They can be contacted by phone number at +442037721060 or by email at support@ftmtrade.com.

Their website can be found at : ftmtrade.com

Traders Opinion

The first step to protecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to. In all probability, there have been other users who have already used the same service, and have expressed their opinions and feedback online on various forums.

After conducting some research on various social media platforms (Facebook, Twitter, Instagram), as well as online trading forums, a general theme emerged where users were dissatisfied with their experience with FtmTrade. Based on this user feedback, it appears that FtmTrade is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform.

There are a lot of brokers out there operating under fake company names or that have other fraudulent operations. A little bit of preliminary research can go a long way in protecting you and your finances.

Is FtmTrade Legit or a Scam?

When searching for brokers to conduct your trading activities with, the first and most important step should always be to learn about their certification(s). This will tell you whether they are regulated by a central authority or if FtmTrade is an offshore and/or unregulated entity.

When a broker is unregulated or regulated by an entity outside of your jurisdiction, you have limited to no legal recourse in the event that your funds are compromised. In an event of theft, complaints can only be made if that broker is licensed by the regulator in your jurisdiction. Some examples of regulatory authorities that issue brokerage licenses are:

  • The Cyprus Securities and Exchange Commission (CySEC)
  • The Financial Conduct Authority (FCA)
  • The Australian Securities and Investments Commission (ASIC)

If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction.

How Online Trading Scams Work?

One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘easy money’. Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns. Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too.

Once the brokerage believes that they have extracted all available funds from an investor and his/her network, they will then proceed to suspend the account, and the investor will no longer be able to access the funds put in.

Many fraudulent firms will even claim to be domiciled in a regulated jurisdiction, and display fake regulatory licenses and addresses on their websites to try and improve their credibility with unsuspecting investors.
Be careful and verify your information through multiple sources. Constant vigilance should be applied at all times when sending money online.

More info about trading scams:

Got Scammed by FtmTrade?

If you have lost money with FtmTrade, don’t panic. You are not the first and you likely won’t be the last. Mistakes can happen even with the most cautious of investors, and should be used as a learning opportunity.

Chargeback Is Your Solution!

The good news is that there is help available. The team at MyChargeBack – a specialist group dedicated to helping consumers recover funds lost online – is available 24/7 and has helped consumers all over the world recoup millions of dollars.

Using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance.

After filling out the form above, and validating your eligibility for their programs, MyChargeBack will help you build a solid case to regain your funds as soon as possible.

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12 comments on “FtmTrade”

  1. bonjour, j'ai déposé 4650 euros en faisant un emprunt ,début aout j'ai eu un contrat avec 10 % de gain sur 5 jours et j'ai reçu 465 euros dans les quinze jour jusqu'à la pas de problème mais après on me demande de refaire des crédits me promettant mon et merveille je n'ai pas pu les obtenir ,du coup on m'a laissé tomber et de temp en temp il prenne des positions pour moi sans m'en parler ,je suis arrivé a 14834.22 de balance mais je ne suis pas plus avancé ça fait deux mois que je demande par mail de clôturer mon compte ,le support me dit que cette en cour j'ai également envoyé deux lettre recommander ,je n'ai toujours pas reçu l'accusé de réception ,je panique et je déconseille vivement FTMTRADE c'est de l'escroquerie .

  2. Hola, me encuentro con mi inversión y mis ganancias “retenidas” segun ellos. Me piden un dinero en concepto de impuestos, y no lo veo nada claro. Has conseguido tu dinero de vuelta? Gracias.

  3. Hola! Me gustaria saber si FTMTrade es de fiar, yo estoy con ellos desde julio y llevo invertido casi 8000€ ellos me conceden un credito de una cantidad mas elevada para poder abrir mas operaciones en bitcoin y hasta que no ingrese el total del credito prestado no puedo retirar ganancias. Al final ya no se que hacer, si dejar por perdido lo q tengo invertido.

  4. Hola! Me gustaria saber si FTMTrade es de fiar, yo estoy con ellos desde julio y llevo invertido casi 8000€ ellos me conceden un credito de una cantidad mas elevada para poder abrir mas operaciones en bitcoin y hasta que no ingrese el total del credito prestado no puedo retirar ganancias. Al final ya no se que hacer, si dejar por perdido lo q tengo invertido.

  5. Hola! Me gustaria saber si FTMTrade es de fiar, yo estoy con ellos desde julio y llevo invertido casi 8000€ ellos me conceden un credito de una cantidad mas elevada para poder abrir mas operaciones en bitcoin y hasta que no ingrese el total del credito prestado no puedo retirar ganancias. Al final ya no se que hacer, si dejar por perdido lo q tengo invertido.

  6. Hola! Me gustaria saber si FTMTrade es de fiar, yo estoy con ellos desde julio y llevo invertido casi 8000€ ellos me conceden un credito de una cantidad mas elevada para poder abrir mas operaciones en bitcoin y hasta que no ingrese el total del credito prestado no puedo retirar ganancias. Al final ya no se que hacer, si dejar por perdido lo q tengo invertido.

  7. Bonjour
    J ai déposé 2750 euros sur la plate-forme FTMTRADE
    22 Bishopsgate Londonien EC2N 4AJ
    United Kington
    Pensez vous que c est une arnaque
    Surtout qu ils me demandent de déposer 16000 euros pour etherum

  8. Bonjour
    J ai déposé 2750 euros sur la plate-forme FTMTRADE
    22 Bishopsgate Londonien EC2N 4AJ
    United Kington
    Pensez vous que c est une arnaque
    Surtout qu ils me demandent de déposer 16000 euros pour etherum

  9. Bonjour
    J ai déposé 2750 euros sur la plate-forme FTMTRADE
    22 Bishopsgate Londonien EC2N 4AJ
    United Kington
    Pensez vous que c est une arnaque
    Surtout qu ils me demandent de déposer 16000 euros pour etherum

  10. Bonjour
    J ai déposé 2750 euros sur la plate-forme FTMTRADE
    22 Bishopsgate Londonien EC2N 4AJ
    United Kington
    Pensez vous que c est une arnaque
    Surtout qu ils me demandent de déposer 16000 euros pour etherum

  11. Merci d’avance pour votre aide.
    Le montant investi de euros 250.- n’est pas démesuré, mais il est important pour moi.

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