FTO Capital is a forex and CFD broker that has been active for a considerable period of time. This entity is indeed unregulated and the kind of trading conditions they have is vague to say the least. Information regarding the firms behind this platform is bleak as well.
Also, user reviews about them are scary and people appear to be frustrated with them. Note that at the time of publishing this post, the official website is down and there are no updates on the situation. Given the way this firm is operating, it is not wise to give them the benefit of the doubt for any reason.
On the positive side, they do offer a ton of trading instruments. Sadly, there are a lot of things that you need to be aware of before opening a position. Simply put, things are not that straightforward or transparent with them. To learn more about their real nature, glance over the following content.
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Is FTO Capital Regulated
Trading by itself is a difficult task. It takes a lot of time to learn the strategies and master the risk management aspect. However, if you do not choose the right broker, then nothing really matters. FTO Capital is a broker that is located in Marshall Islands. Regulatory status of this firm is inadequate and the Marshall laws aren’t that strict.
As a result, trusting this broker with your money could have severe consequences and the chances of getting it back is close to zero. Clients are not provided with any type of insurance which means if the firm disappears or bites the dust, then you will not get your money back.
Loose regulation along with lack of clarity is a deadly combination and one should never entertain these kinds of traits for any reason.
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Asset Class and Trading Conditions
This broker offers forex pairs along with other instruments such as commodities, stocks and energies. Available instruments are plenty and the average trader will have no complaints with them. Sadly, the trading conditions are not that transparent. Spreads and other trading costs are on the higher side.
Also, we do not know whether all types of short term strategies are allowed. Leverage offered by them is capped at 1:200. However, before opening a position do talk with the support team because the leverage changes from one asset class to another. MT4 is supported by this broker which means the interface is a delight.
People can use any indicator they want and employ trading algorithms as well. Charting is also good and the best part is the kind of customisation it provides. In short, the trading interface is flawless, but the same cannot be said about the execution and liquidity providers.
If you have any specific question, then talk with the support team. Staff can be reached via email and telephone. Below, we have listed all of the contact details.
- Address – Ajeltake Road, Ajeltake Island Majuro, Marshall Islands
- Phone – +44 2080682565
- Email – email@example.com
FTO Capital Feedback
We do spend a lot of time looking at user reviews because they act like social proof. Moreover, consensus will always give us a clear idea about what to expect from the underlying firm, right?
Information about this platform is not abundant on social media platforms. However, on forums people have shared their experience and it is disturbing to say the least. Surprisingly, the firm has not answered most questions and that is a red flag.
Looking at the things other users had to go through, it is indeed a wise decision to stay away from them. If this firm was really committed to their users, then why aren’t they answering people’s questions? Are they really that busy?
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Is FTO Capital Scam or Legit?
FTO Capital is most probably a scam. Even financial regulators are issuing warnings against them. They have targeted people in the European region in the past and it goes without mentioning that their activities fall in the gray area too.
Trading costs are higher and their narratives are broken too. In short, people have to go through a lot to get their money back from them. We strongly suggest you look elsewhere if you need a reliable broker to tackle the markets. In case you have lost money to them, then do not give up hope.
All you have to do to get started with the recovery process is fill out the contact form below. Once we have all the details, our team will create an actionable plan and will update you on the numerous choices available at your disposal.
By taking quick action you will not only enhance your odds but also will end up with a clear blueprint which is a bliss to say the least.
This broker does a lot of things in a questionable manner. Management side is not open or transparent with the public. Regulation is weak, segregated accounts are not provided. The list of flaws is long.
So, to save yourself from tons of trouble, avoid dealing with them in the first place. If you have already lost funds to them, then follow the links below and let us equip you with everything you need in order to get your money back.
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