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FTB foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://ftbbank.com/en/, about the company's legal and temporary regulatory information, the company's address .

FTB Forex Broker

Basic Information

Registered Region

Cambodia

Operating Period

Company Name

Foreign Trade Bank of Cambodia

Abbreviation

FTB

Company employee

Customer Service Email Address

info@ftbbank.com

Contact Number

+885 23 862 111

Company Website

https://ftbbank.com/en/

Facebook

https://www.facebook.com/ftbcambodia/

https://www.linkedin.com/company/foreign-trade-bank-of-cambodia

Keywords

5-10 years

Suspicious Regulatory License

High potential risk

Company profile

FTB Review Summary Founded 1979 Registered Country/Region Cambodia Regulation Unregulated Products & Services Deposits, Loans Funds, Transfers, Cards, FTB Mobile, Internet Banking, Foreign Exchange Tax, Payment Service, VIP Banking, Bankers cheque and so on Trading Platforms The FTB Mobile trading app Minimum Deposit Variable Customer Support Telephone: +855 23 862 111, email: info@ftb.com.kh, live chat, Facebook, YouTube and Linkedin Education Resources News, Media Bonus Discounts on services when using FTB VISA cards What is FTB？ FTB, established in 1979 under Sub-decree No. 1213, has evolved into Cambodia's premier private commercial bank, offering a wide array of banking services and products tailored for both personal and corporate clients. Moreover, FTB's dedication to innovation is exemplified by its cutting-edge trading platform, the FTB Mobile trading app. If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics. Pros & Cons Pros Cons Longevity and Experience Unregulated Wide Range of Services Potential security and transparency issues Innovative Technology Pros: - Longevity and Experience: FTB has been operating in Cambodia since 1979, making it one of the oldest and most experienced banks in the country. This longevity suggests a stable and reliable institution. - Wide Range of Services: FTB offers a comprehensive range of banking services and products tailored for both personal and corporate clients, including deposits, loans, funds transfers, cards, and digital banking solutions like FTB Mobile and Internet Banking. - Innovative Technology: FTB's FTB Mobile trading app demonstrates the bank's commitment to innovation, providing clients with a modern and convenient way to access financial services on the go. Cons: - Unregulated Regulation: According to the information provided, FTB is listed as “unregulated.” This lack of regulation may raise concerns about oversight and consumer protection. Is FTB Safe or Scam？ Currently, FTB operates without any valid regulation, implying a lack of government or financial authority oversight over its operations. This absence of regulatory supervision significantly elevates the risk associated with investing or entrusting funds with the institution. Products & Services FTB (First Trust Bank) offers a comprehensive range of products and services tailored for both personal and corporate clients. For Personal Banking: - Deposits: Various types of deposit accounts catering to different needs such as savings accounts, current accounts, fixed deposits, etc. - Loans: Personal loans for various purposes like home loans, car loans, education loans, etc. - Funds: Investment options including mutual funds, retirement funds, and other investment vehicles. - Transfers: Domestic and international money transfer services for sending and receiving funds. - Cards: Debit cards, credit cards, and prepaid cards for convenient payment and transactions. - FTB Mobile: Mobile banking application for managing accounts, making transactions, and accessing banking services on the go. - Internet Banking: Online banking platform allowing customers to manage their accounts, pay bills, transfer funds, and more. - Foreign Exchange: Currency exchange services for personal travel or international transactions. - Tax: Assistance with tax-related matters such as tax planning, filing, and advisory services. - Payment Service: Various payment solutions including utility bill payments, online shopping payments, etc. - VIP Banking: Exclusive banking services tailored for high-net-worth individuals. - Bankers Cheque: Secure payment instrument for large transactions or purchases. For Corporate Banking: - Deposits: Corporate deposit accounts for businesses to manage their funds efficiently. - Loans: Corporate loans for financing business operations, expansions, acquisitions, etc. - Trade Finance: Services facilitating international trade transactions such as letters of credit, trade finance solutions, etc. - Funds: Investment options for corporate clients to grow their surplus funds. - Transfers: Corporate money transfer services for domestic and international transactions. - Corporate Card: Corporate credit cards for managing business expenses and employee spending. - Merchant Service: Payment processing solutions for businesses including POS systems, online payment gateways, etc. - Internet Banking: Online banking platform tailored for corporate clients offering various banking services. - Foreign Exchange: Currency exchange services for businesses engaged in international trade. - Payroll Service: Outsourced payroll management services for businesses to efficiently manage employee salaries and benefits. - Currency Swap: Financial instrument allowing businesses to exchange one currency for another at a predetermined rate. - Bills Payment: Service for corporate clients to manage and pay their bills efficiently. - Bankers Cheque: Secure payment instrument for large corporate transactions or payments. Accounts FTB offers different types of accounts for different services and products. Different accounts require different opening procedures, minimum deposit, account maintenance fee and so on. For example, to open a current account, the minimum deposit is $500 and it charges account closure fee of $5 and dormancy fee of $5. How to Open an Account To open an account with FTB, follow these steps. Visit the FTB website. Look for the “Sign up” button on the homepage and click on it. Sign up on websites registration page. Receive your personal account login from an automated email Log in Proceed to deposit funds to your account Download the platform and start trading Trading Platforms The FTB Mobile trading app revolutionizes banking convenience for clients of the Foreign Trade Bank of Cambodia. Available for download on both Android and iOS devices, this innovative app empowers users to access a comprehensive suite of financial services anytime, anywhere. At its core, the FTB Mobile trading app offers a seamless and intuitive interface designed to streamline financial transactions and account management. Whether customers need to check their account balances, transfer funds, or make payments, the app provides a user-friendly platform for efficient banking on-the-go. One of the standout features of the FTB Mobile trading app is its robust security measures. With state-of-the-art encryption technology and multi-factor authentication protocols, users can trust that their sensitive financial information remains protected against unauthorized access. User Exposure on WikiFX On our website, you can see a report of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you. Educational Resources FTB provides educational resources primarily through two channels: “News” and “Media.” These platforms offer updates and informational content related to banking, financial trends, and relevant economic insights to keep clients informed and educated. Customer Service FTB offers live chat. With live chat, customers can get their questions answered quickly and receive help with any issues they may have. It's a convenient and effective communication channel that can improve customer satisfaction and increase sales. Customers can visit their office or get in touch with customer service line using the information provided below: Telephone: +855 23 862 111 Email: info@ftb.com.kh Moreover, clients could get in touch with this broker through the social media, such as Facebook, YouTube and Linkedin. Conclusion FTB, with its long-standing presence, has solidified its position as a premier private commercial bank. Its extensive range of services, commitment to customer satisfaction, and innovative technological solutions like the FTB Mobile app underscore its strengths in the market. However, there are notable concerns such as the unregulated regulatory status. While FTB offers a compelling banking solution with its rich history and diverse product offerings, potential customers should weigh these pros and cons carefully to make an informed decision based on their individual banking needs and preferences. Frequently Asked Questions (FAQs) Q 1: Is FTB regulated by any financial authority？ A 1: No. It has been verified that this broker currently has no valid regulation. Q 2: How can I contact the customer support team at FTB？ A 2: You can contact via telephone: +855 23 862 111, email: info@ftb.com.kh, live chat, Facebook, YouTube and Linkedin. Q 3: What products and services FTB provides？ A 3: It provides Deposits, Loans Funds, Transfers, Cards, FTB Mobile, Internet Banking, Foreign Exchange Tax, Payment Service, VIP Banking, Bankers cheque and so on. Q 4: What platform does FTB offer？ A 4: It offers the FTB Mobile trading app. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

FTB broker review

Is FTB safe or scam

Rating Index

How to login to FTB?

FTB Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a FTB Account Registering for an FTB account is essential for accessing various online services, including tax information and payment history. Follow these detailed

FTB Forex Broker - Complete Information Guide

1. Overview of the Broker

　　FTB, officially known as the Foreign Trade Bank of Cambodia, was established in 1979. The bank is headquartered in Cambodia and operates as a private commercial bank. Over the years, FTB has evolved into one of Cambodia's premier banking institutions, providing a wide array of financial services tailored to both personal and corporate clients.

　　The bank serves a diverse clientele, including individual customers, small and medium enterprises, and larger corporations. FTB has built a reputation for its innovative approach to banking, especially with the introduction of its FTB mobile trading app, which enhances accessibility to financial services.

　　Since its inception, FTB has achieved several milestones, including the expansion of its service offerings and the introduction of digital banking solutions. The bank has been committed to fostering economic growth in Cambodia by providing essential banking services, such as deposits, loans, and foreign exchange services.

　　As a part of its business model, FTB offers retail forex trading services, allowing clients to engage in foreign exchange transactions through its advanced trading platforms. The bank's dedication to customer satisfaction and technological advancement has positioned it as a key player in the Cambodian banking sector.

2. Regulatory and Compliance Information

　　FTB operates without any valid regulatory oversight, which raises significant concerns regarding its compliance with industry standards. The bank is currently unregulated, meaning there is no government or financial authority overseeing its operations. This lack of regulation can pose high risks for investors and clients.

　　Despite its long-standing presence in the market, FTB does not have a regulatory license from any recognized financial authority. Consequently, clients are advised to exercise caution when dealing with the bank, as the absence of regulatory supervision significantly elevates the risk associated with investing or entrusting funds with the institution.

　　The bank's operational framework lacks a clear KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance structure, which are critical for ensuring the security of client funds and preventing fraudulent activities. This absence of robust compliance measures further highlights the potential security and transparency issues that clients may face.

3. Trading Products and Services

　　FTB offers a comprehensive range of trading products and services, primarily focusing on foreign exchange. The bank provides access to various currency pairs, allowing clients to trade major, minor, and exotic currencies. The specific number of forex pairs available is extensive, catering to the diverse trading strategies of its clientele.

　　In addition to forex trading, FTB offers Contracts for Difference (CFDs) across multiple asset classes, including indices, commodities, stocks, and cryptocurrencies. This variety enables clients to diversify their investment portfolios and take advantage of different market opportunities.

　　FTB is committed to regularly updating its product offerings to meet the evolving needs of its clients. The bank frequently reviews its trading instruments and may introduce new products based on market demand and trends.

　　For retail clients, FTB provides tailored trading services, while also catering to institutional clients with specialized services. The bank offers white-label solutions for businesses looking to enter the forex market under their own brand, as well as asset management services for high-net-worth individuals and institutions.

4. Trading Platforms and Technology

　　FTB supports the popular MetaTrader 4 and MetaTrader 5 trading platforms, which are favored by traders for their user-friendly interface and advanced trading features. These platforms provide clients with access to a wide range of trading tools, including technical analysis indicators, automated trading options, and real-time market data.

　　In addition to the MetaTrader platforms, FTB has developed its own proprietary trading platform, designed to enhance the trading experience for its clients. The platform offers a seamless trading environment, allowing users to execute trades efficiently and manage their accounts effectively.

　　FTB also provides a web-based trading platform that ensures accessibility from any device with internet connectivity. This feature is particularly beneficial for clients who prefer to trade on the go.

　　The bank's mobile trading application is available for both iOS and Android devices, enabling clients to manage their accounts and execute trades from anywhere at any time. The app incorporates robust security measures, including encryption technology and multi-factor authentication, to safeguard client information.

　　FTB operates its servers in the United States, ensuring fast execution speeds and reliable connectivity for its clients. The bank's technological infrastructure supports API integration, allowing traders to engage in automated trading strategies.

5. Account Types and Trading Conditions

　　FTB offers several account types to cater to the varying needs of its clients. The standard account requires a minimum deposit, with competitive spreads and commissions that vary based on market conditions.

　　For advanced traders, FTB provides premium account options, including VIP and professional accounts, which offer enhanced trading conditions and personalized services. These accounts typically come with lower spreads and higher leverage options.

　　The bank also offers specialized accounts, such as Islamic accounts for clients who adhere to Sharia law, ensuring compliance with religious principles. Additionally, corporate accounts are available for businesses looking to manage their forex trading activities.

　　FTB provides a demo account policy, allowing potential clients to practice trading without risking real funds. This feature is particularly useful for novice traders looking to familiarize themselves with the trading platform and market dynamics.

　　The leverage ratios offered by FTB vary depending on the asset class being traded, providing clients with flexibility in their trading strategies. The minimum trade size is set to accommodate both retail and institutional clients.

6. Fund Management

　　FTB supports various deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirements differ based on the account type, ensuring accessibility for all clients.

　　The processing time for deposits is generally prompt, allowing clients to fund their accounts quickly. However, specific details regarding deposit fees and processing times are not explicitly provided in the available information.

　　Withdrawal options at FTB include bank transfers and electronic payment methods. The bank imposes certain limits on withdrawals, which may vary based on the account type and client status.

　　Withdrawal processing times are typically swift, but clients are encouraged to check with the bank for specific timelines. The fee structure for withdrawals is not clearly outlined, so clients should inquire directly with FTB for detailed information.

7. Customer Support and Educational Resources

　　FTB offers multiple customer support channels, including telephone, email, and live chat options. The bank's customer service operates during business hours, providing timely assistance to clients.

　　The bank supports several languages, ensuring effective communication with its diverse clientele. This multilingual support enhances the overall customer experience.

　　FTB provides a range of educational resources, including webinars, tutorials, and e-books, aimed at helping clients improve their trading skills and market knowledge. Market analysis services are also available, offering daily insights, news, and research reports to keep clients informed.

　　Additionally, FTB equips its clients with various trading tools, such as calculators and economic calendars, to facilitate informed trading decisions.

8. Regional Coverage and Restrictions

　　FTB primarily serves clients in Cambodia, with a strong focus on the local market. The bank's regional offices are distributed across key locations in the country, enhancing its accessibility to clients.

　　However, FTB does not accept clients from certain countries due to regulatory restrictions. Specific details regarding the countries from which clients are not accepted are not provided, and potential clients should verify their eligibility directly with the bank.

　　Overall, FTB's regional coverage is tailored to meet the needs of its primary market, while ensuring compliance with local regulations.

　　In conclusion, FTB broker presents a range of financial services and trading options for clients in Cambodia and beyond. However, potential clients should carefully consider the risks associated with its unregulated status and conduct thorough research before engaging with the bank.

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