For more information about FTB Forex Broker company profile, come to WikiBit!
Business
License
FTB, or Foreign Trade Bank of Cambodia, was established in 1979 under sub-decree no. 1213. It has evolved into a prominent private commercial bank in Cambodia, offering a wide range of banking services tailored for both personal and corporate clients.
FTB operates as an independent financial institution, primarily focused on the Cambodian market. The bank's ownership structure is not publicly detailed, but it has maintained a stable presence in the banking sector for over four decades.
The headquarters of FTB is located in Phnom Penh, Cambodia. This strategic location allows the bank to cater effectively to both local and international clients.
While FTB's primary operations are centered in Cambodia, it provides services that cater to both local and international clients, particularly in foreign exchange and trade finance. The bank's dedication to innovation is reflected in its mobile banking solutions and digital trading platforms.
FTB operates without any valid regulatory oversight, which raises concerns regarding consumer protection and operational transparency. As per recent reviews, it is classified as "unregulated," indicating a significant risk for potential clients.
Since its inception in 1979, FTB has achieved several key milestones, including the introduction of various banking products and services that cater to the evolving needs of its clients. The launch of the FTB mobile banking app is one notable advancement that showcases its commitment to technological innovation.
FTB has steadily expanded its service offerings over the years. Initially focused on traditional banking services, it has broadened its portfolio to include internet banking, mobile banking, and investment services. This expansion aligns with the growing demand for digital banking solutions in Cambodia.
The bank has experienced significant growth in its customer base, serving both individual and corporate clients. Its reputation as a reliable banking institution has attracted a diverse clientele, contributing to its stability and growth in the market.
The development of the FTB mobile trading app represents a significant step in enhancing customer experience. This app allows users to manage their accounts, conduct transactions, and access financial services conveniently from their mobile devices.
While specific awards for FTB are not detailed, the banks long-standing presence and service offerings suggest a commitment to quality and customer satisfaction in the Cambodian banking sector.
FTB provides forex trading services, allowing clients to trade a variety of currency pairs. However, the specific number of currency pairs available is not explicitly mentioned in the available data.
FTB offers stock trading services, enabling clients to invest in various equities. The platform supports trading in both local and international stocks, catering to the diverse investment needs of its customers.
The bank also provides Contracts for Difference (CFDs), allowing clients to speculate on price movements of various financial instruments without owning the underlying asset. This service is particularly appealing to traders looking for leveraged trading options.
In addition to forex and stock trading, FTB offers access to commodities, cryptocurrencies, and other financial instruments. This diversification allows clients to explore various investment opportunities within one platform.
FTB emphasizes convenience and cost savings through its brokerage services. It offers three ways to trade: online trading, discount brokerage services, and full-service brokerage with professional guidance. This flexibility caters to a wide range of investor preferences and needs.
Currently, FTB operates without any valid regulatory oversight, which poses significant risks to clients. The absence of regulation implies limited consumer protection and oversight from financial authorities.
FTB is primarily registered in Cambodia, where it conducts the majority of its banking operations. The lack of regional regulatory affiliations may affect its credibility in the eyes of potential investors.
Due to its unregulated status, there are no clearly defined client fund protection measures in place. This lack of assurance raises concerns about the safety of client investments and deposits.
FTB primarily serves clients in Cambodia, but its services are designed to accommodate international transactions, particularly in foreign exchange and trade finance.
The compliance history of FTB is not well-documented, but the current lack of regulation suggests potential issues with oversight and adherence to international banking standards.
FTB competes with several banks and financial institutions in Cambodia, including:
FTB positions itself as a reliable banking partner for both personal and corporate clients, emphasizing its long-standing experience and wide range of services. However, its unregulated status may hinder its competitiveness compared to regulated institutions.
FTB differentiates itself through its innovative mobile banking solutions and a comprehensive suite of financial products. Its focus on customer service and convenience also sets it apart from competitors, although the lack of regulatory oversight remains a significant concern.
FTB, as a well-established banking institution in Cambodia, offers a diverse range of financial services tailored to meet the needs of its clients. However, potential customers should exercise caution due to its unregulated status, which raises significant concerns regarding safety and consumer protection. While the bank has made strides in technological innovation and customer service, it is essential for clients to weigh these factors carefully against the risks involved.
For more information about FTBs services and offerings, consider visiting their official website or consulting with a financial advisor.
Explore broker companies: forex/fx trading, investment, and global limited. Check company details.