Starting to invest has never been easier. There are thousands of companies available, and everyone offers pretty much the same things. However, there’s one key detail many companies don’t care about — security.
That’s why we can see huge amounts of money being stolen from people daily. Luckily, this FT Group review brings you everything you need to know about trading to protect yourself from those.
| Regulated By: | No Regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings From: | N/A |
| Registered In: | N/A |
| Operating Since: | 2023 |
| Trading Platforms: | WebTrader |
| Maximum Leverage: | N/A |
| Minimum Deposit: | $250 |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptos, forex, indices, shares, commodities |
| Free Demo Account: | Not Available |
| How To Withdraw From This Company? | With absolutely zero transparency in this company, traders can’t expect regular withdrawals without problems. Most likely, you will have to use refund methods to get it out and for detailed guidance, we recommend you talk to our refund team. |
Legal Info: Is FT Group Legit Or A Scam?
To determine if FT Group is legitimate, you just have to check the company’s legal information. Unfortunately, none of those details are revealed on their website. So, you already know the answer. But we took a look at some Tier 1 databases to find out if we were judging them too quickly.
Sadly, none of the institutions like CFTC, FCA, BaFin, ASIC, or similar ever had records of the company’s license. With this in mind, you won’t be surprised once you see FT Group reviews. In any case, to find out if the offshore regulated broker is a bit different, read our WRC1.com review.
Who Are FT Group’s Victims?
Yes, we already got confirmation, but now we have to clarify all the reasons that make the FT Group broker a fraud. First of all, without a license, they cannot provide services in strictly regulated countries. Yet, they do, and the most targeted ones are:
- United Kingdom
- Netherlands
- Belgium
- Lithuania
Secondly, the company claims to operate since 1994. Yet, their domain was registered in November 2023. If you are patient enough not to invest in them, you will see warnings against this firm popping up on every corner. But if you have already invested and regretted it, contact our refund specialists for advice.
Traders Reviews
If you are still not sure this company is an absolute scam, check out the Trustpilot comments. It looks like 85% of traders who were sharing their thoughts had negative experiences with this firm. Who knows how many more there are that didn’t say anything?
Generally speaking, all problems traders have are related to FT Group withdrawal issues and disastrous customer support. Therefore, contact our chargeback experts for a detailed guide if you want to get your money back from them.
Leverage, Commissions, Spreads, Fees and Taxes
Another key disadvantage of this brokerage is that none of the trading conditions are revealed. Before you complete the FT Group signup procedure, you better check all the details first. Ultimately, you can fall for their dirty tricks and lose all of your funds, especially if you don’t know what leverage, fees, and commissions are included in the trading.
Bonuses
Besides hidden costs, there are also hidden T&Cs. Consequently, we are unable to find if there are any hidden bonus clauses.
However, if you get any bonus offers, make sure to check the conditions first. Simply, bonuses are not as they sound. To find out how to protect yourself from shady tricks, read our Depnix review.
FT Group Trading Features
Since the company mainly advertises VIP advisor features and signals, you already know what to expect. It’s a lot of manipulation. Primarily through the fictive signals and expert advisory. But also with manipulative trading platforms, which we will talk about in a second.
Trading Platforms Available
When you look for a reliable trading platform, you should only use third-party software. These are less likely to be manipulated. Especially if you are using MT4, MT5, or cTrader. However, all scam brokers who don’t want to play fair games use WebTraders. And once you complete the FT Group login procedure, that’s exactly what you can see.
The problem with it is that you can’t use any of the advanced features. Even though they might advertise some, such as copy trading or EAs, you won’t get them. All those features with unregulated brokers are meaningless.
Available Trading Assets
According to the presentation, this firm has been offering more than 200 assets. These are divided into five major categories. But keep in mind there are far better companies with much stronger security offering the same. If not even more.
Anyway, you can trade:
- Forex – USD/GBP, AUD/SGD
- Commodities – gold, natural gas
- Shares – Amazon, Tesla
- Cryptos – DOGE, DOT
- Indices – S&P500, NYSE
Account Types
Whatever account types you choose with this broker, you can’t expect anything good, even though it might look promising. There are basic and advanced account types that require between $250 and $1M deposit to get them started. Yet, the features you can expect if you deposit $1M are:
- Unlimited features (trading sessions, VIP signals, free withdrawals, free express withdrawals)
- Higher leverages
- Financial advisors
- Minimal spreads
Mobile Trading App & Demo Account
If you are a fan of mobile trading, the FT Group scam broker is definitely not a choice for you. Their mobile trading consists of using WebTrader on a mobile browser, which is usually a nightmare, especially if you use advanced trading techniques.
To make things worse, traders don’t even have a demo account option available. Therefore, with their low transparency and high minimum deposit requirement, there’s no reason to test them out at all.
Education
Overall, the education provided by this brokerage is only related to trading sessions with their analysts. These are fake, to remind you.
If you check any Top-Tier licensed investment firm, you will realize how big a difference is in educational programs.
FT Group Withdrawal
As can be seen from the company’s reviews, all payments are done through crypto. That’s already a sign you won’t see any withdrawals because they don’t keep your funds in segregated bank accounts.
Regardless of missing regulations, the company doesn’t reveal processing time, fees, or any specific clauses related to the withdrawal procedure. Consequently, any problem you can imagine will happen.
Customer Support
We were honestly hoping there would be at least one positive thing about this firm, such as support options. But they have disappointed us there as well.
Allegedly, they offer support 24/5, but only via web-contact form. Yet, that does not even work properly, according to some traders.
Key Information To Consider About FT Group
Literally, every single thing about this brokerage is questionable. It’s just a matter of time before they will end up on some warning list. Therefore, you shouldn’t even think of depositing with them. But if you did for some reason, we advise you to apply for a refund immediately.
If you don’t know how to, please contact our experts. After all, our first meeting is completely free, and you will find all the steps you need to recover your funds. Contact us today.
FAQ Section
What is FT Group?
FT Group is an anonymous brokerage presenting itself as a trusted and reliable FX and CFD trading firm that has been operating since 1994. None of that is true.
Is FT Group a Legit Broker?
No. FT Group is an absolute scam. Without regulation and with zero transparency, numerous negative reviews, and low credibility, this company can’t be classified as legit.
How to Get Money Back From a Scammer?
In the case of an FT Group scam broker, you will definitely need CipherTrace to track your crypto. If you need detailed guidance and access to CipherTrace, contact us.
Source:
https%3A%2F%2Fscambrokersreviews.com%2Fcrypto-scams%2Fft-group-review%2F
