It provides much more than just currency pairs. The leverage that a Silver account holder has access to goes from to Customer support is another one of the aspects of the broker that convinced us of its reliability. The first one can be downloaded on any smartphone. This means that you will simply need any device such as smart phone, tablet or laptop with an internet connection to be able to access it.
FTO Capital Platform
Trading platforms are the interface where the trading on assets such as commodities, currencies, stocks or indices are. A good platform should have charting tools and indicators, it should also be easy to use and very fast in executing trades. The platform has a huge range of assets to trade on. This means fto bitcoin trading platform review are no regulatory bodies that monitors their activities to ensure they stick to best practices. This is a source of major concern.
Why is FTO Capital a scam?
FTO Capital, which by the way stands for Financials Trading Online, is a forex broker which offers different account types as mentioned above. That being said, they do not specify the deposit requirements for the different levels, which is inline with their rather poor presentation generally. Islamic versions of these accounts are also available. They are registered on the Marshal Islands. For those of you who are not familiar with the forex industry, we must mention, dealing with an unregulated broker is very dangerous. Once you start trading with such a company, there is no guarantee, you will ever be able to withdraw any funds.
Is FTO Capital legit?
FTO Capital, which by the way stands for Financials Trading Online, is a forex broker which offers different account types as mentioned. That being said, they do not specify the deposit requirements for the different levels, which is inline with their rather poor presentation generally.
Islamic versions of these accounts are also available. They are registered on the Marshal Islands. For those of you who are not familiar with the forex industry, we must mention, dealing with an unregulated broker is very dangerous.
Once you start trading with such a company, there is no guarantee, you will ever be able to withdraw any funds. This is why most governments have created specific structures which monitor the financial services sector. It is a structure which oversees a lot of companies and more importantly makes them follow a lot of rules. Two of the rulings are the most crucial, from a security if funds perspective.
First and foremost, all client funds must be kept in the so called segregated accounts. In reality, the situation is a bit more complicated, but this is the basic version.
Traders can rest assured their money will be safe, if their broker goes bankrupt. On the other hand, even if the aforementioned levels seem high to you, you can always try the service of the industry leaders at IGwho have removed the entry barrier entirely — one can create an account with as little as he wants. Even if we ignore the fact the deposit levels for the different account types are not mentioned, the best possible spread of 2. When we tested the trading platform provided by FTO Capital, we saw the around 3.
The leverage levels provided by FTO Capital vary based on the account type. All the ratios, starting fromare very much suitable for serious trading, which involves risk management. This can not be further away from the truth. In fact, some studies into the behaviour of traders indicate the opposite — the lower leverage one uses, the higher his odds of success are. Developed by MetaQuotes, this piece of software has dominated the forex market for years and there are a lot of reasons for that:.
MT4 offers top-tier charting, with all the analytical tools you can imagine being only a few clicks away. Even if there is some technical method which is not covered in the basic version of the platform, the MQL marketplace will most likely have you covered. This is an online store where traders can buy, sell or even lease custom add-ons for the platform.
If automated trading is your thing, you are probably already familiar with Expert Advisors or EAs. MetaTrader4 is also available as a mobile app.
It is one of the most complicated mobile trading solutions, which we would highly recommend to everybody who is used to serious desktop trading. The payment options at FTO Capital are quite a. In general, this is not a bad selection, with some emphasis placed on the Russian market.
Financials Trading Online is an off-shore unregulated forex broker. Additionally, the presentation of the trading conditions is not impressive. The few things which are clear are also not satisfying.
In essence, there are a lot of better brokers which you can. Here is a recap:. XM is broker with great bonuses and promotions. FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. And the best part? With FxPro you get negative balance protection. FBS is a broker with cool marketing and promotions. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
Exness is a leading forex broker, offering MT4 and MT5 platforms. Traders can take advantage from a true ECN environment and trade on ultra tight spreads, starting from 0 pips. I didnt get a change to read up on the company.
I made a deposit. Now I’m waiting for my training session. They are sitting with R60 of mine and have been promising to do a withdrawal since January. They are scam artists.
I deposited fund now I can’t login or trade no tel no to phone. Just lost my money. Please take the of all networks. You scammed me out of more than dollars. I have an Advocate, Judge and Jury and you will not go unpunished, that I can promise you. I had dealings with FTO Capital very bad ones and a final withdrawal amount was simply never paid to me and I am unable to get any response from them regarding it. While this is probably lost to me, hopefully others can be warned. Refer this link to the Australian Government website.
Wow so many complaints. Please do your own research and be careful with your money. Yes, Philippines. They just exploited the Filipino and use them as accessories to their fraudulent business. So I found these guys through a bot I set up a practice account with, for shits and giggles. They persisted for days so eventually I caved and answered, only with the intention of saying i’m not interested, which is what I should’ve.
I realise now that this was purely to sucker me in! This could not have been further from the truth. However, because they were red, my account manager would refuse to let me close the trades and my account, claiming it would «make her look bad and lower her standing at her job». Yet as the trades got lower and lower, her only solution was to put another 10, in to stop a margin call from happening, but I don’t have an extra 10, lying.
Now it’s all gone. She never cared about how she’d look, otherwise she’d have informed me when the margin call happened, instead of trying to sucker more money from me. I’m more ashamed of myself than I have ever. The stress I live with daily is slowly eating away at me emotionally and mentally.
Not only that, but the stress and grief that I have caused my family is slowly causing my anxiety to worsen, which is bad enough as it is. Please don’t make my mistake and fall for their seemingly good nature,it’s all a lie. Don’t make my mistake. There so called financial advisor literally hounded me to try and get me to advance a lot more money into this so-called trading account Online ad thru channel 9 and Shark Tank promotion.
I feel like such a tool. Always thought I was to smart to get scammed. Blame myself for not doing any due diligence searches. Anyway life goes on. I dont even know where to begin. I cant even begin to tell you what I have been through trading with company over the last few months.
From inexperienced account managers, account managers being replaced, bad trading advice, lack of discretion, cancelling my withdrawel requests, witholding and delaying my withdrawel requests. At this stage after I requested my whole balance to be withdrawn, its being released in small amounts You can never speak to your account manager and he does not respond to call back messages. My withdrawel was pending his approval for days He would not take no for an answer even after my husband fto bitcoin trading platform review to.
I will never ever recommend this company. Before opening my account I did raise existing bad reviews to my account manager as a concern and he explained to me that it was false advertising and people who did not trade through professional account managers that lost there money and are now writing bad reviews.
Dont fall for all their excuses its all just lies. There is no personal touch with this company. The call centre must be operating on a script because all you ever hear is «I apologise for your inconvenience mam», «I will escalate your account or your concern to the finance department», I will forward your request to your account manager» and nothing ever happens.
My life has turned into a nightmare with FTO Capital. That was still not enough for the margin to make my investment profitable.
Unfortunately I was on holidays at the time and so the pressure to invest more became relentless with 8, 10 or 12 mobile phone calls per day. Instructions to open my computer so «we can start trading and make you some money. I am 73 years old and still have a mortgage. I am too embarrassed to tell anyone what I have done and just hope I can pay off my loan fto bitcoin trading platform review I have to give up work.
I sent the company an email expressing my disgust, but of course I have not received a reply. No surprise. Some fella today even threatened to sue me for telling him that we are aware of the news reports from the poor people down south. Was vey disappointed.
Best Platform To Trade Bitcoin — On Your Phone
Обзор FTO/BTC YoBit
Brokers are devoid of sophisticated software supposed to help traders make the right investment choices. Unfortunately, we were unable to access any information on bonuses or promotions. Unfortunately, we were unable to access information on the commissions established by the broker. View Site. Its regulation and reputation is doubtful. It does not get much better than. Brokers like FTO Capital do not offer this opportunity on their platforms, so your risk of losing funds increases. It is no coincidence that MT4 is considered one of the best trading platforms on the market and is so popular.
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