Is FTrade a Good Broker or a Scam?
FTrade may seem to offer the kind of trading you want, but in fact, it has been flagged by the FCA as a suspected clone scam. This type of scheme involves a fraudster adopting a fake name that sounds similar to a regulated broker. This depends on customers getting confused and mistaking the real broker for the scam broker. Unfortunately this works and that is why the FCA is determined to crack down on schemes like FTrade.
We Have Some Concerns with FTrade
FTrade says it has a license from the Marshall Islands. This is a third-rate regulator, and it provides very little oversight. Almost anyone can get a license from FTrade. A fake broker can simply pay a fee and be left alone with some certificate that makes people think that they are regulated. It’s important not to simply be satisfied that a broker has a license, but to check the regulator that issues the license to ensure they are legitimate.
Scam Consulting FTrade
- Third-rate license
- Warning from the FCA
- No contact information
- No transparency
- Negative reviews
Lost Money to FTrade? Talk to Us!
Our experts understand brokers–reliable ones and scam operations. We have researched brokers and have created these reviews to help consumers make the right choice for trading. We recommend that you avoid FTrade and instead find a reliable and licensed broker. Take your money out of this broker–request a withdrawal. If they don’t grant it, contact us and we will help you locate your funds.