FTM Trade

After reviewing FTM Trade, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.

Who is FTM Trade?

FTM Trade markets itself as an online trading and investment service. Its public site is presented at https://www.ftmtrade.com/. As with most operations of this kind, the polished front end conceals a lack of the basic protections a real, regulated broker is required to provide.

Is FTM Trade regulated?

We could find no evidence that FTM Trade holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.

Red flags we identified

• Account dashboards that show “gains” with no real market exposure
• No credible physical address or verifiable corporate record
• Opaque or anonymous corporate ownership
• No verifiable licence from a recognised financial regulator
• Aggressive “account managers” coaching clients to deposit

Our analysis

On 23 Nov 2022, the Belgian Financial Services and Markets Authority (FSMA) identified that FTM Trade was a fraudulent online trading platform. You may visit: https://www.fsma.be/en/warnings/fsma-identifies-new-fraudulent-online-trading-platforms-3

Can you recover money lost to FTM Trade?

If you have deposited with FTM Trade, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.