The FTO Capital platform which also operates under the name Financial Trading Online is a brokerage firm that was launched in March 2017. They are owned by Nona Marketing Ltd which is located in the Marshall Islands and headquartered in the UK.
When reviewing their platform, I found that apart from English, their website is also available in Russian. At a glance, they appear to be genuine and working hard to help their clients meet their investments goals. But let me tell you that the look of the website or the professionalism with which it is designed cannot reflect the authenticity of the company.
From my experience, I can say that those companies that look way too good on the surface are the ones that turn out to be scams. In fact, the same can be said about FTO Capital. There is nothing genuine about this broker and how they operate is also very unethical.
I have shared further details about why you should stay away from them in this review. So read till the end and learn more about the real intentions of the brokerage.
If you come across illegitimate brokers, especially when trading with a system, you risk accumulating huge losses. Always choose your investment partners to be authentic and legit. I can recommend you the top-performing QProfit System as an exemplary platform integrated with the best brokers.
FTO Capital Makes Trading Complicated
If you thought trading with a broker like FTO Capital would be safe and easy, then you are wrong. They are extremely complicated to deal with and this you will only know once you get started with them.
I have noticed that to win your trust, they have made their application process super easy and convenient. There is a simple form that you need to fill out, choose an account type that suits you the best, fund your account with the required deposit and get started on their trading platform. But, after you complete these steps, you will not even get access to the features which they promised.
Review Verdict: FTO Capital Is Scam
For example, they claim to offer free training, but when you register, you will literally be left on your own. You will be left to make your own choices, without any support from their team.
Another thing that I have noticed is that they don’t have good quality educational materials. They don’t have a comprehensive FAQ section and they also haven’t provided any details about how their platform works and how traders can optimize their results. Good brokers usually ensure that their clients are provided with top-notch educational resources so they can learn as they go and become better at each step. But with FTO Capital, such valuable resources are missing which indicates that they are not the right option to partner with.
Reasons Why FTO Capital Is a Scam
I have a number of solid reasons based on which I can confirm that FTO Capital is a potentially dangerous scam.
My number one reason is that although they have been on the market for over one year, they are not regulated or licensed. It is extremely risky to deal with an unlicensed broker because there are no authorities that are responsible for overlooking their activities. If that broker steals your funds, you won’t be able to complain to anyone to recover the amount.
Is there anyone who has anything good to say about this broker? No there isn’t and this is another reason I have to confirm that FTO Capital is not the real deal. The reviews pouring in from past traders are mainly negative. What I can get from those reviews is that FTO Capital doesn’t like processing withdrawals. They refuse payment to their clients and make the process so complicated that there is no way traders can get their earnings transferred to their accounts.
Many traders have been victimized by this brokerage company and I seriously don’t want you to be the next one. This is why I encourage you to proceed with caution and don’t fall into their marketing traps. They are very good at promoting their company, but extremely bad when it comes to delivering quality service.
Minimum Deposit, Withdrawals, and Support
The minimum deposit they ask for has not been disclosed. You can choose from several account types but have no information and what is the lowest amount you can start with. This is a serious problem with transparency. The only available information is that you can withdrawal only $100 or more. Meaning that if your account starts dropping, you will not be able to salvage the remains.
FTO Capital seem to be offering 4 different types of accounts with varying spreads and leverages. These include Silver, Gold, Platinum and Islamic accounts. They claim to offer perks and benefits with each package, but according to several comments that I have come across, their benefits only last a short while before they are removed and cannot be accessed anymore.
Their quality of customer care service is ridiculous because they don’t respond to queries and concerns. You will see that they are available via phone and email, but when you try to contact them, you will not hear from them. Emails don’t get replied to and telephones don’t get answered.
It is always important to do your homework and conduct a thorough research before choosing a broker. Before you sign up, you should ensure that the broker is safe and has a good reputation.
FTO Capital is definitely not the right choice because they are fraudulent. They will steal your funds from you and offer nothing in return. If you don’t want to regret dealing with a fake broker, you must stay away from them.
Review Verdict: FTO Capital Is Scam
Hello, I am Collin Tyusm. I am a Forex blogger. I have created my blog, because I want to help people learn more about Forex & CFD Trading Software and Bots.