Financial Traders Fx has been flagged by Autorité des marchés financiers for "Unregistered/Unlicensed entity offering financial products or services". Financial Traders Fx is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: financialtradersfx.com.
The onboarding at Financial Traders Fx was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Dividend tracking|Competitive fees
Cons: Minor UI glitches occasionally
Financial Traders Fx advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Low minimum deposit|Social trading features|Responsive team
Cons: Research section could be deeper|None so far
Do not use Financial Traders Fx for anything serious. I used them for over a year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Demo account available|Fast execution|Customizable dashboard|Market news feed
Cons: Limited demo account features|Wait times can be long during peak hours