FTooo markets limited is a forex broker established in 2019, primarily offering investors trading services in forex, stocks, futures, energy, precious metals, cryptocurrencies, and other financial products. Due to policy reasons, this broker does not provide services to North Korea, Israel, China, Vanuatu, and Cuba.
Company Background:
Public information on FTooo markets limited's official website shows that its company entity is FTooo markets limited, headquartered in London, UK. The official website domain of FTooo markets limited was registered on February 12, 2019, approximately 3 years ago. At the same time, the broker claims to be registered with the National Futures Association (NFA) in the United States and holds a US MSB regulatory license, but it has not disclosed the specific regulatory license number.
Financial regulatory authorities have not found records of FTooo markets limited's regulation, and FTooo markets limited is suspected of using false regulatory information for publicity, effectively an unregulated broker. In addition, the broker’s website design and content are almost identical to other companies such as Maxtra, Smart Global, Diamond Road, LonRoad Limited, Booc, raising suspicions.
How to Open an Account?
To open an account with FTooo markets limited, users can visit its official website and click the “Register” button to start the registration process. The registration page will require users to provide personal information, including name, personal email, etc., and set up an account login password. The broker will send a verification code via email, and after submission, you can log in. After logging into the trading platform, customers can perform deposit and withdrawal operations and start trading.
Account Types:
FTooo Markets Limited's official website does not provide detailed information about its trading accounts, including variable spreads, trading leverage, minimum deposit amounts, trading commissions, margin call levels, stop-out levels, and minimum trade volumes. This information is crucial for potential customers, as it affects their choice of broker and trading approach.
Trading Software:
FTooo markets limited offers a proprietary mobile trading platform named ST5, which is only available for mobile download. The platform supports opening both real and demo accounts, allowing users to choose between virtual trading or actual trading according to their needs. However, there is no supporting entity behind the ST5 trading platform, which might present a certain risk in trading.
Website Design:
The layout of FTooo Markets Limited's website is rather rudimentary, with only a main page and lacking detailed sub-pages. This limits user experience, as visitors cannot learn more about the services and information offered by the platform through deeper pages.
Notably, the design and content of the FTooo Markets Limited website are extremely similar to those of other brokers such as SV Markets, ABHKFX, DEOASIS PTY LIMITED, Maxtra, Smart Global, Diamond Road, LonRoad Limited, and Booc. This might indicate that these companies might have used the same or similar website templates. Nevertheless, potential investors still need to conduct comprehensive due diligence and research when selecting trading platforms, to ensure their chosen platform meets their needs and expectations, while being aware of potential risks.
Partners:
FTooo markets limited claims to cooperate with an internationally renowned analysis institution. The broker claims to provide award-winning automated investment analysis and research tools, aimed at assisting investors in making optimal decisions. However, this claim has not been confirmed by the related institution and may involve false advertising.
Customer Support:
FTooo Markets Limited has not disclosed customer support information, which could pose a series of problems and inconveniences for users. The lack of customer support means that clients, when encountering issues or having questions, cannot receive timely help and answers. The absence of customer support services may also affect the trading experience, as users might not be able to resolve issues during trading in a timely manner, affecting their trading decisions and actions.
Conclusion:
FTooo markets limited is a forex broker using false regulatory information, effectively unregulated by any regulatory authorities. This broker uses a proprietary trading platform and currently has no contact methods available. FTooo markets limited's official website is highly similar in web design to ABHKFX, DEOASIS LIMITED, VLC Trade LLC, OBV Trade MT5, and other brokers' official websites, which might indicate these websites are constructed using the same template suite. Investors should steer clear of this platform to avoid unnecessary financial losses.
Currently, FTooo markets limited is marked as "suspected fraud" on Traderknows.
