FTGmarkets Forex Broker

Note: FTGmarkets' official website: https://ftgmarkets.com/ is currently inaccessible normally.FTGmarketsReview SummaryFounded2023Registered Country/RegionSwitzerlandRegulationNo regulationMarket InstrumentsForex, stocks, commodities, indicesDemo Account❌LeverageUp to 1:40Spread/Trading PlatformWeb-basedMin Deposit$250Customer SupportPhone: +41 715087307Email: support@FTGMarkets.comFTGmarkets Information FTGmarkets is an unregulated broker, offering trading on forex, commodities, stocks and indices with leverage up to 1:40 via the web-based trading platform. The minimum deposit requirement is as high as $250.Pros and ConsPros Cons Various trading productsNo regulationinaccessible websiteNo demo accountsNo MT4/MT5 platformHigh minimum deposit requirementIs FTGmarkets Legit? No, this absence of oversight raises risks regarding consumer protection, transparency, and market integrity. Without regulation, there's a risk of fraudulent activities, manipulation, and inadequate recourse for investors. Investors face heightened vulnerability to scams and unreliable practices, potentially resulting in financial losses.What Can I Trade on FTGmarkets?Tradable Instruments Supported Forex ✔Stocks ✔Commodities ✔Indices ✔Cryptocurrencies❌Bonds❌Options❌Mutual Funds❌ETFs❌Leverage The broker provides up to 1:40 in leverage for forex trading. Leverage allows traders to amplify their market exposure with a smaller initial investment, potentially increasing both profits and losses. With a leverage ratio of 1:40, traders can control positions worth up to 40 times their deposited capital.Trading PlatformTrading PlatformSupported Available Devices Suitable for Web-based✔Web/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal The broker accepts payments done via cryptos, Visa, MasterCard and bank wire. However, e-wallets such as Skrill and Neteller are not available.