FTM Global Market Forex Broker

Note: FTM Global Market' official website: https://ftmglobalmarket.com is currently inaccessible normally.FTM Global Market Review SummaryFounded2023Registered Country/RegionDenmarkRegulationUnregulatedMarket InstrumentsForex, CFDs, Indices, Metals and EnergyDemo Account✅LeverageUp to 1:500SpreadFrom 2 pips (Standard account)Trading PlatformMT5 (Fake)Min Deposit$10Customer SupportEmail: support@ftmglobalmarket.com FTM Global Market, established in 2023 and registered in Denmark, offers forex, CFDs, indices, metals, and energy trading with leverage up to 1:500 and spread from 2 pips on the Standard account. Demo accounts are available and the minimum deposit requirement to open a live account is $10. However, it has no regulations and their MT5 is a fake one.Pros and ConsPros Cons Multiple account typesNot regulatedLow minimum depositUnavailable official websiteHigh spreadsObscure commissions and feesFake MT5 providedOnly email supportIs FTM Global Market Legit? FTM Global Market is not regulated and does not have an accessible website. Besides, it lists an address in Copenhagen, Denmark, and claims its headquarters are in London, without specifying their company name. The lack of regulatory information on their website strongly suggests they are not legitimate, indicating a potential scam.What Can I Trade on FTM Global Market? FTM Global Market trades in Forex, CFDs, Indices, Metals and Energy.Tradable Instruments Supported Forex✔CFDs✔Metals✔Energy✔Indices✔Stocks❌Cryptocurrencies❌Bonds❌Options❌ETFs❌Account Type FTM Global Marketoffers PAMM, Star VIP, ECN Pro, Premium, STANDARD, and MICRO accounts.Account TypeMin DepositMICRO $10STANDARD $100Premium $100ECN Pro$100Star VIP $10,000PAMM $1,000Leverage FTM Global Market offers various account types with different maximum leverage levels.Account TypeMax LeverageMICRO 1:500STANDARD 1:400Premium 1:300ECN Pro1:200Star VIP 1:200PAMM 1:200 Higher leverage can lead to significant profits, but it also carries substantial risk. Traders should carefully manage their positions to avoid excessive losses.SpreadAccount TypeSpreadMICROFrom 3 pipsSTANDARDFrom 2 pipsPremiumFrom 1.6 pipsTrading Platform FTM Global Market pretends to offer MetaTrader5, but this is deceptive and further proof of a scam. The Desktop platform download link is broken, and the mobile versions provided are generic. Essentially, FTM Global Market fails to deliver any functional trading software, making it a waste of time given the suspicion of deception.Trading PlatformSupported Available Devices Suitable for MT4❌/BeginnersMT5✔Desktop, mobileExperiencedsDeposit and Withdrawal FTM Global Market advertises various deposit methods on its website, but in practice, the only way to fund trading accounts is through cryptocurrency direct transfers. They claim to accept major credit cards like VISA and MasterCard, as well as popular e-wallets like Neteller and Skrill, but these options are not actually available. The only payment methods offered are Bitcoin, Bitcoin Cash, and Ethereum, as shown in the screenshot below: