FTM Consulting t/a LegalCFD has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +44 2039616436
Addresses: Kranso selo region borovo estate 8a Gen Stefan Toshev Street Sofia Bulgaria 1000 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.legalcfd.com.
After since I opened my account last year with FTM Consulting t/a LegalCFD I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Comprehensive tools|No hidden fees
Cons: Onboarding videos are outdated|Some tools only available on higher tiers
FTM Consulting t/a LegalCFD offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Market news feed|Professional team|Full transparency|Detailed reporting
Cons: Help articles are sometimes vague|No fractional shares
I have been trying to close my account with FTM Consulting t/a LegalCFD 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: Good mobile app|Real-time alerts
Cons: No crypto staking|Alert system is basic
The platform at FTM Consulting t/a LegalCFD is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for a couple of months now of dealing with this, I have had enough.
Pros: Helpful community forum|Responsive team|Copy trading available
Cons: Mobile app could be improved|No fractional shares
My card was charged twice by FTM Consulting t/a LegalCFD on the same day. I had to dispute it with my bank. FTM Consulting t/a LegalCFD 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: Intuitive for beginners|Demo account available|Fast support response
Cons: Limited ETF selection
I opened an account with FTM Consulting t/a LegalCFD for roughly four months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Automated trading options|Clean UI|Stable platform|Instant funding
Cons: Account statements could be more detailed|Nothing significant
I joined FTM Consulting t/a LegalCFD when my bank disappointed me and I searched for alternatives and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Intuitive for beginners|Competitive fees
Cons: No dark mode on mobile
FTM Consulting t/a LegalCFD locked my account without warning and demanded documents I had already submitted. for about eight months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Excellent charting|Automated trading options|Economic calendar|Great customer service
Cons: Website design could be more modern|Limited ETF selection
I requested my data from FTM Consulting t/a LegalCFD under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Responsive team|Competitive fees|Copy trading available
Cons: Inactivity fee applies after 12 months
FTM Consulting t/a LegalCFD has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: No hidden fees|Smooth onboarding|Good mobile app
Cons: Nothing significant|Research section could be deeper