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FTD

The Virgin Islands|2-5 years|
Regulated in The Virgin Islands|Retail Forex License|MT5 Full License|Regional Brokers|Medium potential risk|Offshore Regulatory|

https://www.ftdsystem.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
FTDLimited-Demo MT5
Server Location United Kingdom

Contact

+44 (0) 207 060 0383
info@ftdsystem.com
https://www.ftdsystem.com/
Kingston Chambers, PO Box 173, Road Town, Tortola, British Virgin Islands

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+44 (0) 207 060 0383

English

+971 4583 0383

Broker Information

More

Company Name

FTD Limited

Company Abbreviation

FTD

Platform registered country and region

The Virgin Islands

Company website
Twitter
Facebook
Linkedin

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts
Previous Detection : 2024-04-17
  • The The Virgin Islands FSC regulation with license number: SIBA/L/19/1123 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

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FTD · Company Summary

FTD Review Summary
Founded 2017
Registered Country/Region The Virgin Islands
Regulation FSC (Offshore regulated)
Market Instruments Forex, CFDs
Demo Account Available
Leverage 1:100 (forex)
Spreads 2 pips (Brent)
Trading Platforms MT5
Minimum Deposit N/A
Customer Support Phone, email, Twitter, Facebook and Linkedin

What is FTD?

FTD is a financial services company that offers a diverse range of trading instruments across multiple asset classes. Founded in 2017, FTD provides MT5 and end-to-end financial services to cater to the specific needs of investors. But the license of FSC is offshore ststus.

FTD's home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
• A range of trading instruments • Limited information about deposit
• Demo accounts available • Limited educational resources
• MT5 supported • No live chat support
• Offshore regulated by FSC

FTD Alternative Brokers

There are many alternative brokers to FTD depending on the specific needs and preferences of the trader. Some popular options include:

  • Equiti - A trusted global broker specializing in online trading of forex, commodities, and indices, offering cutting-edge technology, superior execution, and comprehensive market analysis.

  • ForexChief – A reputable forex broker known for its transparent trading conditions, diverse account types, and competitive trading platforms.

  • OctaFX - A leading online trading broker with a user-friendly platform and low trading costs, making it ideal for beginner traders.

  1. Is FTD Safe or Scam?

FTD is regulated by Financial Services Commission (FSC), an autonomous regulatory authority responsible for the permission, regulation, supervision of all financial services in and from within the BVI. However, FSC regulation with license number: SIBA/L/19/1123 is an offshore regulation. As with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

offshore regulated by FSC

Market Instruments

FTD offers a range of trading instruments across various asset classes. Some of the instruments available include forex (foreign exchange) and CFDs (contracts for difference) for automated trading. These instruments provide opportunities for trading in different markets and asset types.

  • Forex (Foreign Exchange): FTD provides access to the global forex market, allowing traders to buy, sell, and speculate on currency pairs. Forex trading involves the exchange of one currency for another at an agreed-upon price.

forex
  • CFDs (Contracts for Difference): With CFDs, traders can speculate on the price movements of a wide range of financial instruments, including stocks, indices, commodities (like gold or oil), and cryptocurrencies. The trader enters into a contract with FTD based on the price difference of the underlying asset, without owning the actual asset.

CFDs

Accounts

FTD provides tailored account options suited for individual investors, professional investors, and institutional investors. The specific minimum deposit requirements for each account type are not openly disclosed. However, FTD claims that investors from different backgrounds and with varying investment sizes can find suitable account options. It is advisable to consult FTD directly or refer to their official documentation for detailed and accurate information about minimum deposit requirements for each account type.

Besides, it offers demo account for their clients. A demo account is a simulated trading account that allows clients to practice trading without using real money.

Leverage

FTD provides leverage options to its clients for forex trading and CFD trading. Leverage is a tool that amplifies the trading position of an investor by allowing them to trade with borrowed funds, which can result in the potential for higher returns.

  • Forex Trading: FTD offers a maximum leverage of 1:100 for forex trading. This means that for every dollar (or unit of currency) in the trader's account, they can potentially control up to 100 dollars (or units) in the forex market. Leverage in forex trading allows traders to make larger trades with a smaller amount of capital.

  • CFD Trading: For CFD trading, FTD offers a maximum leverage of 1:50. With this leverage, traders can potentially control up to 50 times the amount of their initial investment.

Spreads & Commissions

FTD offers a wide range of tradable instruments with varying spreads. Each instrument has its own spread, which refers to the difference between the buying and selling prices of a particular asset. Traders can visit the official FTD website to obtain detailed information about the specific trading instruments available and their corresponding spreads.

For instance, Brent, a popular oil contract, typically offers spreads around 2 pips. The currency pair USD/CHF generally spreads around 5 pips, while EUR/CHF tends to have spreads around 4 pips.

By visiting the FTD website, traders can access accurate and up-to-date information about the different instruments offered, enabling them to make informed trading decisions based on the spread and other relevant market conditions.

spreads

Besides, FTD does not provide the commission for trading. It is recommended that traders can contact directly the company to ask the specific commissions charged by FTD.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commission
FTD 2 pips (Brent) N/A
Equiti 0.0 pips $ 3.5 per lot
ForexChief 0.3 pips None
OctaFX 0.3 pips None

Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.

Trading Platforms

FTD offers MT5 for its clients. MT5 is a powerful and user-friendly trading platform that offers advanced features and tools for traders of all levels. It offers a comprehensive range of functionalities, including real-time market analysis, multiple charting options, customizable indicators, and a wide range of order types. MT5 supports automated trading through Expert Advisors (EAs) and offers a built-in strategy tester for optimizing and backtesting trading strategies. Additionally, MT5 provides access to the extensive MQL5 community, where traders can access a variety of indicators, EAs, and trading signals.

FTD's MT5 platform provides a seamless trading experience across different asset classes, including forex, CFDs, and commodities. It offers a user-friendly interface with intuitive navigation, enabling traders to place and manage trades efficiently. Additionally, MT5 is available on multiple devices, such as desktop computers, web browsers, and mobile devices (iOS and Android), allowing traders to access their accounts and trade on the go.

MT5

See the trading platform comparison table below:

Broker Trading Platform
FTD MT5
Equiti MT4, MT5
ForexChief Trading software, MT4, MT5
OctaFX MT4, MT5, cTrader

Customer Service

FTD 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: +44 (0) 207 060 0383

+971 4583 0383

Email: info@ftdsystem.com

Address: Kingston Chambers, PO Box 173, Road Town, Tortola, British Virgin Islands

R&F Yinkai Room 609, Huaxia Road No.16, Zhujiang New Town, Tianhe Guangzhou, 510623, China

14 - 45, Central Park Towers, DIFC, Dubai, UAE

contact details

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

Twitter: https://twitter.com/ftdlimited

Facebook: https://www.facebook.com/limitedftd/

Linkedin: https://www.linkedin.com/company/financial-trading-dimensions/

Conclusion

In conclusion, FTD is a financial services company that offers a range of trading instruments across various asset classes. FTD offers tailored account options for individual investors, professional investors, and institutional investors, catering to their specific needs. It provides a diverse range of trading instruments such as forex and CFDs for automated trading. However, it is noted that the license of FSC is offshore status. Therefore, traders should verify the regulatory status of FTD or any broker they choose to work with to ensure compliance with industry standards and regulatory requirements.

Frequently Asked Questions (FAQs)

Q 1: Is FTD regulated?
A 1: Yes. It is offshore regulated by FSC.
Q 2: How can I contact the customer support team at FTD?
A 2: You can contact via telephone, +44 (0) 207 060 0383, +971 4583 0383 and email, info@ftdsystem.com.
Q 3: Does FTD offer demo accounts?
A 3: Yes.
Q 4: Does FTD offer the industry leading MT4 & MT5?
A 4: Yes. It offers MT5.
Q 5: Is FTD a good broker for beginners?
A 5: No. It is not good for them because of its offshore status.

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.

User Reviews

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Comments

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A&~
more than one year
My time trading with Financial Trading Dimensions has been quite impactful. Their access to over 100 major, minor, and exotic forex spot pairs is astounding and provides ample opportunities. I've particularly enjoyed trading spot metals on their platform.
2024-03-07 13:50
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0
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Wenly
more than one year
I want to give a negative review to the FTD broker. It's challenging to withdraw my money from there, and my complaints have been fruitless.
2023-12-13 01:33
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0
0
Daan
6-12months
Access to the platform and member area was suddenly lost. Some crucial information on the website was deleted. Probably the owner grabs all investments and disappeared.
2023-05-29 16:09
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0
0
武海浩
more than one year
I seriously feel like no one will trade with this broker, spreads over 10 pips are like a joke. In addition, the regulatory license is also offshore and the safety is unknown. It does offer a demo account though, which is a nice touch.
2022-11-27 11:04
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0
0
乐子
more than one year
The spread of more than 10 pips is too horrible! It is simply impossible to make any profits here with the such bad trading condition. Stay away from them!
2022-11-24 14:54
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0
0
勇闯天涯30848
more than one year
This platform is so unprofessional! No one cares about your inquiries, they kept asking you to register an account here, making a deposit, it seems like they were thirsty for robbing your money…
2022-11-24 10:21
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