Overview of FTAG Capital Markets
FTAG Capital Markets, headquartered in Malaysia, functions as an online trading platform regulated by the Labuan Financial Services Authority. It holds the license to carry on Labuan Money-Broking Business, with License No: MB/19/0043. FTAG Capital Markets provides access to a wide range of financial instruments, including stocks, indices, forex, commodities, and more. Traders can conveniently engage with these assets via the FTAG Trader platform.
Is FTAG Capital Markets Legit？
FTAG Capital Markets is regulated, operating under the regulatory oversight of Labuan Financial Services Authority and holds the license to carry on Labuan Money-Broking Business, with License No: MB/19/0043. Regulation offers crucial benefits to investors. It ensures brokers operate within the law, reducing fraudulent activities and creating a safer environment. Regulated brokers also adhere to strict financial reporting standards, providing investors with transparent and reliable information for informed decision-making. While regulation provides oversight and accountability, it doesn't eliminate all risks. Traders should remain vigilant and exercise caution when engaging in online trading activities.
Pros and Cons
FTAG Capital Markets presents a compelling option for traders with its diverse range of trading instruments. Moreover, the platform offers 24/7 support, ensuring traders have access to assistance whenever needed, enhancing the overall trading experience. Additionally, the firm operates under regulatory oversight, providing a layer of security and trust for clients. However, there are areas for improvement, notably the lack of educational resources, which could hinder the development of less experienced traders. Furthermore, the transparency regarding spreads and commissions could be enhanced to provide traders with clearer information. Additionally, there is a need for more detailed information on account types to help clients make informed decisions about their trading strategies.
Trading Instruments
FTAG Capital Markets offers trading in a variety of instruments, including popular FX pairs, Indices, Metals, Energies, and Shares.
Forex (FX): The FX market, also known as the Foreign Exchange Market, facilitates the trading of currencies from around the world. Unlike traditional centralized markets, FX trading occurs electronically, providing accessibility from anywhere at any time.
Commodities CFD: Commodities trading encompasses a wide array of tradable assets, including energy (e.g., crude oil), metals (such as gold, silver, and copper), agricultural products (e.g., coffee, wheat, sugar, and cocoa), as well as livestock and meat. Analyzing supply and demand dynamics in response to economic and political events is key for traders in this market segment.
Indices CFD: Index trading offers an opportunity to trade broad market segments rather than individual company stocks.
The Nasdaq composite index, a major US stock index heavily weighted towards tech stocks like Apple, Microsoft, and Google, provides exposure to the technology sector.
Similarly, the New York Stock Exchange (NYSE), the world's largest equities-based exchange by total market capitalization, offers trading opportunities across various industries and sectors.
Account Types
FTAG Capital Markets provides two primary types of accounts: demo and Live accounts.
Demo Account: This account type is designed for traders who want to practice their trading strategies or familiarize themselves with the platform's features without risking real money.
Live Account: The live account is for traders ready to engage in real-time trading with actual funds. It offers access to the full range of trading instruments and features available on the platform, allowing traders to execute trades in the live market environment.
Leverage
FTAG Capital Markets offers leverage trading with a ratio of 100:1.
Deposit & Withdraw Methods
FTAG Capital Markets offers two payment methods to facilitate deposits and withdrawals:
Credit and Debit Cards: Traders can fund their accounts using credit or debit cards, providing a convenient and instant method for depositing funds.
Telegraphic Transfer (TT): Traders can also utilize telegraphic transfer to deposit funds into their trading accounts. Accepted currencies for telegraphic transfer include USD (United States Dollar), CNY (RMB), SGD (Singapore Dollar), EUR (Euro), GBP (British Pound), AUD (Australian Dollar), and HKD (Hong Kong Dollar).
FTAG Capital Markets does not impose additional fees for deposits or withdrawals. However, traders should be aware that they may incur fees from their banking institutions for international transactions. FTAG Capital Markets accepts no responsibility for any such bank fees.
FTAG Capital Markets does not accept payments from third parties. Deposits must originate from a bank account in the trader's name. However, payments from joint bank accounts or credit cards are accepted if the trading account holder is one of the parties on the account or card.
The minimum withdrawal amount is 500 USD.
Trading Platforms
FTAG Capital Markets offers the FTAG Trader platform, designed to cater to traders of all experience levels. Traders can access Forex, Commodities CFDs, Indices CFDs, NASDAQ CFDs, and NYSE CFDs through FTAG Trader, from any location and on almost any device with internet access.
Customer Support
Traders can reach out to the support team via email at cs@ftagcm.com or through two dedicated telephone lines: +60 1548767394 and +60 1548770871. The support team is available 24/7 to address any inquiries, concerns, or technical issues that traders may encounter.
Conclusion
In conclusion, FTAG Capital Markets offers a compelling array of trading instruments and provides round-the-clock support, enhancing accessibility for traders. Regulatory oversight adds a layer of security and trust. However, the platform could improve by offering more educational resources, clarifying information on spreads and commissions, and providing detailed information on account types. Traders should proceed cautiously and conduct thorough research to ensure a safer trading experience with FTAG Capital Markets.
FAQs
Q: Is FTAG Capital Markets regulated？
A: No, FTAG Capital Markets operates without regulation, which means it lacks oversight from recognized financial regulatory authorities.
Q: What trading instruments are available on FTAG Capital Markets？
A: FTAG Capital Markets offers a diverse range of trading instruments, including FX pairs, Indices, Metals, Energies, and Shares.
Q: What account types does FTAG Capital Markets offer？
A: FTAG Capital Markets provides two primary account types: demo and Live accounts, catering to different trading preferences and experience levels.
Q: How can I contact FTAG Capital Markets' customer support？
A: Traders can reach out to the support team via email at cs@ftagcm.com or through two dedicated telephone lines: +60 1548767394 and +60 1548770871.
Risk Warning
Trading online carries inherent risks, and there's a possibility of losing your entire invested capital. It's important to recognize that online trading may not be suitable for all traders or investors. Before engaging in any trading activities, it's crucial to thoroughly understand the associated risks. Please be aware that the information provided in this review could change due to updates in the company's services and policies. Additionally, the date of this review's generation is significant, as information may have evolved since then. Therefore, readers are encouraged to verify the latest information directly with the company before making any decisions or taking any actions. Ultimately, the responsibility for using the information provided in this review lies solely with the reader.
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