FTB Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
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I lost my mind a while ago and was fascinated by a man. He cheated my savings with just a small amount of money. Now I can't get the money. The police only told me to be mentally prepared. I don't know what to do in rest of my life
Summary: The FTB (Foreign Trade Bank of Cambodia) has a long-standing history as one of Cambodia's premier banking institutions, established in 1979. However, it faces significant scrutiny for its unregulated status, raising concerns about security and transparency. Users have reported mixed experiences, highlighting both the bank's innovative technology and potential risks associated with trading on an unregulated platform.
Note: It is essential to recognize that FTB operates across different regions, and the lack of regulation may vary in impact depending on the user's location. This review aims for fairness and accuracy, analyzing multiple sources to present a comprehensive view.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 6 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 5 |
| Trustworthiness | 3 |
| User Experience | 5 |
| Additional Considerations | 4 |
How We Rate Brokers: Our ratings are based on a thorough analysis of available information, including user experiences, expert opinions, and factual data regarding the broker's services.
Founded in 1979, FTB has evolved into a significant player in Cambodia's banking sector, providing a wide range of services including deposits, loans, and foreign exchange. The bank operates primarily through its innovative FTB mobile trading app, which offers users a modern platform for managing financial transactions. However, it is crucial to note that FTB is currently unregulated, which raises concerns regarding oversight and consumer protection.
FTB is registered in Cambodia and has been operational for approximately 5 to 10 years. However, it lacks any valid regulatory oversight, which significantly increases the risk associated with trading on its platform. According to WikiFX, this unregulated status is a major red flag for potential investors.
FTB primarily deals in Cambodian Riel (KHR) and US Dollars (USD) for deposits and withdrawals. However, there is no clear information regarding the acceptance of cryptocurrencies, which may limit options for some traders.
The minimum deposit requirement for opening an account with FTB is variable, but it is reported to be around $500 for standard accounts. This is relatively moderate compared to some other brokers in the region.
Currently, FTB offers some promotions tied to its banking services, such as discounts on services when using FTB Visa cards. However, specific trading bonuses or promotions are not well-documented.
FTB provides a variety of services, including foreign exchange, which allows users to trade various currency pairs. However, the lack of detailed information about other asset classes may limit trading opportunities for users looking for more diversified options.
The costs associated with trading on FTB are not explicitly detailed in the available information. Users should be cautious and inquire directly about spreads, fees, and commissions before engaging in trading activities.
The leverage offered by FTB is not clearly stated in the available sources. This lack of information could be a concern for traders looking for specific leverage options to enhance their trading strategies.
FTB primarily operates through its FTB mobile trading app, which is available on both Android and iOS devices. While this app is noted for its user-friendly interface and robust security features, the absence of traditional trading platforms like MT4 or MT5 may deter some traders.
While FTB operates in Cambodia, the unregulated nature of the broker may pose challenges for users in other regions. It is advisable for potential users to verify whether FTB is suitable for their specific location.
FTB offers customer support primarily in Khmer and English. However, the effectiveness of customer service has been rated low, with users expressing dissatisfaction with response times and the overall quality of support.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 6 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 5 |
| Trustworthiness | 3 |
| User Experience | 5 |
| Additional Considerations | 4 |
Account Conditions (5/10): The account conditions at FTB are moderate, with a minimum deposit of around $500. However, the lack of clarity on fees and commissions can be a drawback for potential traders.
Tools and Resources (6/10): The FTB mobile app provides a modern interface for trading and managing accounts, but the absence of traditional platforms may limit user experience.
Customer Service and Support (4/10): User reviews indicate dissatisfaction with customer service, particularly regarding response times and the quality of support provided.
Trading Setup (Experience) (5/10): While the mobile app is user-friendly, the overall trading experience is hampered by the lack of regulatory oversight and transparency regarding costs.
Trustworthiness (3/10): The unregulated status of FTB raises significant concerns about its trustworthiness. Users are advised to exercise caution when engaging with this broker.
User Experience (5/10): Overall user experiences are mixed, with some praising the innovative app while others express concerns about security and transparency.
Additional Considerations (4/10): The lack of clear information regarding leverage and restricted regions adds to the uncertainty surrounding FTB.
In conclusion, the FTB review for 2025 highlights both the strengths and weaknesses of this broker. While it has a long-standing presence and offers innovative technology, the unregulated status and mixed user experiences raise significant concerns. Potential users should weigh these factors carefully before deciding to engage with FTB.
