Is FXTM safe?

When trying to withdraw to a local bank, a message pops up saying to make a deposit first. Local bank deposits have been blocked since when? I don't understand why they say there is no record of a deposit. Even though it is clearly shown in the transaction history. Anyway, I received confirmation that the deposit confirmation and other documents have been processed. Even though it has been confirmed, the messages continue to appear. If you want to withdraw in coins, it says to use the local bank initially entered. I sent the deposit confirmation and error message asking for confirmation, but it continues to not work even though it says it has been processed. This clearly seems to be a withdrawal delay. If possible, I think I need to sort out the remaining accounts as well.

I deposited 36,000 RMB and received 5,015 USD in my account. On May 1, 2024, Beijing time, I was forced to withdraw due to high spreads. I withdrew a total of 4,988 USD, resulting in receiving 34,874 RMB. I incurred a loss of 1,100 RMB without placing any trades. Please handle this matter seriously, regulatory platform.

I often can't log into my account, it says the username or password is incorrect, but they are not. I even changed my password via SMS, but still couldn't log in. I added a manager from the official website on WeChat, we chatted briefly and then they stopped replying; further inquiries were also ignored. Previously, I had several accounts under this login, but when I tried to access them six months later, all accounts had disappeared even though the username and password were correct. Recently, I couldn't log in at all with these credentials. Accessing their official website is very unstable, sometimes I can't get through at all. Even if there is money in your account, you can't log in, you have no way to withdraw it.

I will not deposit anymore. I guess the ratings are all fake. I don’t dare to invest anymore.

I deposited through cryptocurrency but did not receive the funds in my account, and customer service did not respond.

The stop loss order on March 21 was set at 2200.11. Because FXTM's liquidity provider failed to provide it in time. Resulting in closing the position at 2221.97, see p1 for details. FXTM says this is normal, see p2 for details. Just a single lot of 0.04 XSUUSDFXTM cannot provide liquidity, which shows how bad FXTM's liquidity management is. FXTM is required to compensate for the losses caused by the inability to close the position in time due to liquidity problems. 100pips or 500pips is acceptable, but 2186pips is unacceptable.

On the afternoon of March 5, 2023, I suddenly received 5 text message reminders that the withdrawal was successful. I thought it was a joke, so I went to the toilet with a smile. Thinking that something was wrong, I quickly logged in to the account. All the funds in the account were suddenly transferred to Fu. I opened my USD wallet and was withdrawing money like crazy. I quickly changed my password and I was still withdrawing money during the modification process. Since I didn’t leave the account manager’s phone number at that time, all the previous manual customer pages of FXTO turned into robots, turning me into a robot. I was so anxious that I could only send an email to the official to stop my withdrawal. My total account balance was about 53,000USD. 1,700USD was transferred out to 1,500 USD from the first account, and 46,000USD was transferred out from the second account, which was about 52,000USD. I held a position margin. It was not enough to close the position. I took 15,000USD from the virtual currency channel of the wallet, leaving more than 30,000 USD. The withdrawal was completed very quickly in more than ten minutes. My wallet address was bound and verified, but the 15,000USD withdrew did not arrive in my account. Wallet, I quickly took out the remaining amount through the bound bank card. Futuo is too unsafe. The platform even withdraws funds without personal verification and cannot guarantee the safety of funds. The final reply from customer service said that my email information was leaked to ensure that third parties cannot access my email. The key problem is that Futuo did not make any The verification code will not be sent to the email address, so what is the use of accessing my email address. This led to my debt crisis, with a total loss of over 20,000USD

I have been trading for many years. On April 11, 2024, when my margin was sufficient, my position was forced to be liquidated by the platform. I have communicated with customer service many times, but they have never given a reasonable explanation, nor have they actively solved the problem. Don't be fooled by such an unscrupulous broker. I contacted the platform customer service every day and they just kept me waiting. I have no choice but to ask you and the regulatory agency to help me contact FXTM. If I am not given a reasonable explanation and compensation, I will continue to complain. The picture below shows the position status of my account before it was forced to liquidate.