ftmtrade.co has been flagged by AMF (France) for "Unauthorised". Category: Crypto-actifs This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: ftmtrade.co.
After for close to eighteen months with ftmtrade.co, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Portfolio tracking tools|Excellent charting|Low minimum deposit|Regular updates
Cons: Limited social trading features
Where do I even begin with ftmtrade.co? for about five months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Dividend tracking|Fast deposits
Cons: Alert system is basic
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. ftmtrade.co recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Professional team|Social trading features|Excellent charting
Cons: No dark mode on mobile|Inactivity fee applies after 12 months
If you are reading this considering ftmtrade.co - run. I wish I had read more negative reviews through my accountant's suggestion. I thought the positive ones were real. Maybe some are. My experience over since I retired last year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Customizable dashboard|Good mobile app
Cons: Spreads widen during volatile periods|Help articles are sometimes vague
Do not believe the bonus offer from ftmtrade.co. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a forum discussion and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: High security standards|Demo account available
Cons: None so far|Desktop app not available on Linux
ftmtrade.co 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: Wide product range|Low minimum deposit
Cons: Cannot customize dashboard fully