FTMO Review 2024 – Is FTMO legit or a scam?

One of the main issues facing online trading and investing is a growing number of shady businesses acting as trustworthy brokers. Given the apparent fraudulent conduct that has lately exposed FTMO, a comprehensive investigation is required. Using verifiable facts and data from reputable and trustworthy sources, we want to present an impartial assessment through our comprehensive FTMO review.

By regulations, any company offering FX and CFD trading services should possess a license for such operations. However, FTMO lacks this licensing in any jurisdiction or for any of its entities. Numerous reviews of FTMO highlight the company’s unreliability, citing issues such as platform manipulation, frozen trading accounts, and more. The absence of a license is a key factor contributing to these downsides.

Despite presenting itself as a trading company, FTMO operates without regulation. Moreover, it mandates individuals to complete an evaluation program to access real funds for trading.

FTMO Website – https://ftmo.com/en/

Website Availability – Yes

Address shown – Czech Republic

Warned By – Not recommended by review website like Report Scam

Domain Age of FTMO

Domain Nameftmo.com
Date RegisteredNovember 17, 2001
Domain Age22 years, 1 month, 21 days, 10 hours, 30 minutes

Key Indicators to identify if FTMO is a scam or not

Warning Signs: The Value of Rules and Permission

One glaring red flag highlighted in the FTMO Review is a lack of appropriate regulation and licensing. Unscrupulous brokers often operate in the shadows, evading regulatory scrutiny. Lack of oversight raises questions about credibility and client asset safety, urging investors to exercise caution.

Negative Reviews and Scam Reports

According to the FTMO Review, an increase in unfavorable customer reviews and scam reports is another important sign of possible fraud. These facts serve as a key warning sign emphasizing the risks of dealing with unregulated and unregistered brokers.

Safeguarding Your Wealth: Conducting Due Diligence

In the face of such risks, investors must guard their financial interests. The review emphasizes the importance of thorough due diligence when engaging with brokers, offering practical insights on protecting investments from potential fraud. As the online trading realm evolves, staying vigilant becomes the key to preserving financial well-being.

Victimized by the FTMO scam? Get your lost money back!

If you are the one who got scammed by FTMO or other fraud, the best solution recommended for getting your lost money back is Report Scam Community

We are one of the few legit recovery assistance organizations that are concerned with a victim’s recovery from losses. We are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free consultation and anyone can register by filling out a very short complaint form.

Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the reviews of brokers and also read the policies and terms and conditions.

Read about Chargebacks

To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2024 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.

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Note: The FTMO review written above is influenced by the other FTMO reviews already present on the web. We are not liable for any legal action from the FTMO company. In case of any query please mail us at info@reportscam.net.

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