Financials Trading Online has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +44 2080682565
Addresses: Ajeltake Road Ajeltake Island Majuro Marshall Islands; 4th Floor Holden House 57 Rathbone Place WIT IJU London UK; Lincoln House 296-302 High Holborn WC1V 7JH UK This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.ftocapital.com.
After using Financials Trading Online for a couple of months now, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Competitive fees|Quick verification
Cons: Search feature is basic|Withdrawal takes 1-2 business days
My withdrawal from Financials Trading Online was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for the past year and a half of being strung along.
Pros: Smooth onboarding|No hidden fees
Cons: Would like more payment methods|No integrated tax optimization
I have been trying to close my account with Financials Trading Online for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Smooth onboarding|Social trading features|Helpful community forum
Cons: Slow to add new assets|Limited demo account features
I signed up with Financials Trading Online from a review site like this one and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: API access|Personal attention|Low minimum deposit|Stable platform
Cons: Minimum deposit could be lower|No crypto staking
My card was charged twice by Financials Trading Online on the same day. I had to dispute it with my bank. Financials Trading Online then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Tax reports included|Low minimum deposit
Cons: Minor UI glitches occasionally|Slow to add new assets
The mobile app from Financials Trading Online is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Good analytical tools|Full transparency|Risk management tools
Cons: Limited ETF selection|Currency conversion fee exists