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/10

FTB

Cambodia|2-5 years|
High potential risk|

https://ftbbank.com/en/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Cambodia 5.70

Surpassed 99.16% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+885 23 862 111
info@ftbbank.com
https://ftbbank.com/en/
https://www.facebook.com/ftbcambodia/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+885 23 862 111

Other ways of contact

Broker Information

More

Company Name

Foreign Trade Bank of Cambodia

Abbreviation

FTB

Platform registered country and region

Cambodia

Company website
Facebook
YouTube
Linkedin

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

FTB · WikiFX Survey

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FTB · Company Summary

FTB Review Summary
Founded 1979
Registered Country/Region Cambodia
Regulation Unregulated
Products & Services Deposits, Loans Funds, Transfers, Cards, FTB Mobile, Internet Banking, Foreign Exchange Tax, Payment Service, VIP Banking, Bankers cheque and so on
Trading Platforms The FTB Mobile trading app
Minimum Deposit Variable
Customer Support Telephone: +855 23 862 111, email: info@ftb.com.kh, live chat, Facebook, YouTube and Linkedin
Education Resources News, Media
Bonus Discounts on services when using FTB VISA cards

What is FTB?

FTB, established in 1979 under Sub-decree No. 1213, has evolved into Cambodia's premier private commercial bank, offering a wide array of banking services and products tailored for both personal and corporate clients. Moreover, FTB's dedication to innovation is exemplified by its cutting-edge trading platform, the FTB Mobile trading app.

FTB's homepage

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
  • Longevity and Experience
  • Unregulated
  • Wide Range of Services
  • Potential security and transparency issues
  • Innovative Technology

Pros:

- Longevity and Experience: FTB has been operating in Cambodia since 1979, making it one of the oldest and most experienced banks in the country. This longevity suggests a stable and reliable institution.

- Wide Range of Services: FTB offers a comprehensive range of banking services and products tailored for both personal and corporate clients, including deposits, loans, funds transfers, cards, and digital banking solutions like FTB Mobile and Internet Banking.

- Innovative Technology: FTB's FTB Mobile trading app demonstrates the bank's commitment to innovation, providing clients with a modern and convenient way to access financial services on the go.

Cons:

- Unregulated Regulation: According to the information provided, FTB is listed as “unregulated.” This lack of regulation may raise concerns about oversight and consumer protection.

Is FTB Safe or Scam?

Currently, FTB operates without any valid regulation, implying a lack of government or financial authority oversight over its operations. This absence of regulatory supervision significantly elevates the risk associated with investing or entrusting funds with the institution.

Is FTB Safe or Scam?

Products & Services

FTB (First Trust Bank) offers a comprehensive range of products and services tailored for both personal and corporate clients.

For Personal Banking:

- Deposits: Various types of deposit accounts catering to different needs such as savings accounts, current accounts, fixed deposits, etc.

- Loans: Personal loans for various purposes like home loans, car loans, education loans, etc.

- Funds: Investment options including mutual funds, retirement funds, and other investment vehicles.

- Transfers: Domestic and international money transfer services for sending and receiving funds.

- Cards: Debit cards, credit cards, and prepaid cards for convenient payment and transactions.

- FTB Mobile: Mobile banking application for managing accounts, making transactions, and accessing banking services on the go.

- Internet Banking: Online banking platform allowing customers to manage their accounts, pay bills, transfer funds, and more.

- Foreign Exchange: Currency exchange services for personal travel or international transactions.

- Tax: Assistance with tax-related matters such as tax planning, filing, and advisory services.

- Payment Service: Various payment solutions including utility bill payments, online shopping payments, etc.

- VIP Banking: Exclusive banking services tailored for high-net-worth individuals.

- Bankers Cheque: Secure payment instrument for large transactions or purchases.

For Corporate Banking:

- Deposits: Corporate deposit accounts for businesses to manage their funds efficiently.

- Loans: Corporate loans for financing business operations, expansions, acquisitions, etc.

- Trade Finance: Services facilitating international trade transactions such as letters of credit, trade finance solutions, etc.

- Funds: Investment options for corporate clients to grow their surplus funds.

- Transfers: Corporate money transfer services for domestic and international transactions.

- Corporate Card: Corporate credit cards for managing business expenses and employee spending.

- Merchant Service: Payment processing solutions for businesses including POS systems, online payment gateways, etc.

- Internet Banking: Online banking platform tailored for corporate clients offering various banking services.

- Foreign Exchange: Currency exchange services for businesses engaged in international trade.

- Payroll Service: Outsourced payroll management services for businesses to efficiently manage employee salaries and benefits.

- Currency Swap: Financial instrument allowing businesses to exchange one currency for another at a predetermined rate.

- Bills Payment: Service for corporate clients to manage and pay their bills efficiently.

- Bankers Cheque: Secure payment instrument for large corporate transactions or payments.

Products & Services

Accounts

FTB offers different types of accounts for different services and products. Different accounts require different opening procedures, minimum deposit, account maintenance fee and so on. For example, to open a current account, the minimum deposit is $500 and it charges account closure fee of $5 and dormancy fee of $5.

Accounts

How to Open an Account

To open an account with FTB, follow these steps.

  1. Visit the FTB website. Look for the “Sign up” button on the homepage and click on it.

  2. Sign up on websites registration page.

  3. Receive your personal account login from an automated email

  4. Log in

  5. Proceed to deposit funds to your account

  6. Download the platform and start trading

Trading Platforms

The FTB Mobile trading app revolutionizes banking convenience for clients of the Foreign Trade Bank of Cambodia. Available for download on both Android and iOS devices, this innovative app empowers users to access a comprehensive suite of financial services anytime, anywhere.

At its core, the FTB Mobile trading app offers a seamless and intuitive interface designed to streamline financial transactions and account management. Whether customers need to check their account balances, transfer funds, or make payments, the app provides a user-friendly platform for efficient banking on-the-go.

One of the standout features of the FTB Mobile trading app is its robust security measures. With state-of-the-art encryption technology and multi-factor authentication protocols, users can trust that their sensitive financial information remains protected against unauthorized access.

FTB Mobile trading app

User Exposure on WikiFX

On our website, you can see a report of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Educational Resources

FTB provides educational resources primarily through two channels: “News” and “Media.” These platforms offer updates and informational content related to banking, financial trends, and relevant economic insights to keep clients informed and educated.

Educational Resources

Customer Service

FTB offers live chat. With live chat, customers can get their questions answered quickly and receive help with any issues they may have. It's a convenient and effective communication channel that can improve customer satisfaction and increase sales.

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +855 23 862 111

Email: info@ftb.com.kh

Moreover, clients could get in touch with this broker through the social media, such as Facebook, YouTube and Linkedin.

Conclusion

FTB, with its long-standing presence, has solidified its position as a premier private commercial bank. Its extensive range of services, commitment to customer satisfaction, and innovative technological solutions like the FTB Mobile app underscore its strengths in the market.

However, there are notable concerns such as the unregulated regulatory status. While FTB offers a compelling banking solution with its rich history and diverse product offerings, potential customers should weigh these pros and cons carefully to make an informed decision based on their individual banking needs and preferences.

Frequently Asked Questions (FAQs)

Q 1: Is FTB regulated by any financial authority?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at FTB?
A 2: You can contact via telephone: +855 23 862 111, email: info@ftb.com.kh, live chat, Facebook, YouTube and Linkedin.
Q 3: What products and services FTB provides?
A 3: It provides Deposits, Loans Funds, Transfers, Cards, FTB Mobile, Internet Banking, Foreign Exchange Tax, Payment Service, VIP Banking, Bankers cheque and so on.
Q 4: What platform does FTB offer?
A 4: It offers the FTB Mobile trading app.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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