FTMO Global Markets Review for India: RBI FTMO Entry and Licence GB21027119

This FTMO Global Markets review starts with a naming problem. The RBI Alert List updated 22 October 2024 names FTMO and links to ftmo.com/en at item 13. FTMO's current contact page separately lists FTMO Global Markets in Mauritius, company ID C187370 and licence GB21027119. Its January 2025 privacy policy describes FTMO Global Markets Ltd as a Mauritius investment dealer. These records do not prove RBI authorisation for the broker domain, and they do not justify treating every FTMO-branded service as the same product or legal entity.

Is FTMO Global Markets Authorised in India

The available records do not establish that this broker is authorised by the Reserve Bank of India. RBI says resident persons may undertake foreign exchange transactions only with authorised persons and for permitted purposes. Electronic forex transactions should take place only through RBI-authorised electronic trading platforms or recognised exchanges. A foreign company registration or overseas licence does not replace those Indian requirements.

The correct answer is therefore conditional: verify the exact legal entity, product, domain, payment beneficiary, and platform against current official registers before sending money. A brand name alone is not enough.

What the RBI Alert List Actually Names

RBI's Alert List page, updated 22 October 2024, says the listed entities are neither authorised to deal in forex under FEMA nor authorised to operate electronic trading platforms for forex transactions. Item 13 names FTMO and gives the website ftmo.com/en. RBI also warns that the list is not exhaustive, so a name missing from the page must not be treated as authorised.

That wording matters. The entry does not display ftmoglobalmarkets.com, and the list is not a court finding that every similarly branded entity has committed fraud. It is a regulatory warning tied to the name and website shown. Extending it to another domain without evidence would be inaccurate.

FTMO Global Markets Regulation and Legal Entity

FTMO's contact page lists FTMO Global Markets at Silicon Avenue, 40 Cybercity, Ebene 72201, Mauritius, with company ID C187370 and licence number GB21027119. A January 2025 privacy policy hosted on the FTMO Global Markets application domain identifies FTMO Global Markets Ltd as an Investment Dealer (Full-Service Dealer, excluding Underwriting) regulated by the Financial Services Commission of Mauritius under that licence number.

The Mauritius Registrar of Companies' 2026 fee schedule also lists FTMO Global Markets under registration C187370. These documents support the existence of a Mauritius entity, but the licence description comes from company-published material. Before onboarding, search the current FSC Mauritius Register of Licensees directly and confirm the permitted activities, status, website, and any conditions. Even a valid Mauritius licence would not automatically amount to RBI authorisation for residents of India.

FTMO Prop Service and FTMO Global Markets Broker are Different Checks

The footer on ftmo.com says FTMO companies do not act as a broker or accept deposits and that accounts used in its services are demo accounts with fictitious funds. The separately listed FTMO Global Markets broker is therefore a different product and contract check, even when the branding is related. A customer should not transfer the reputation, reviews, terms, or account model of the prop service to the broker entity without reading the broker's own agreement.

Login, Contract and Payment Checks

For an FTMO Global Markets login, type the verified domain yourself instead of following links from ads, messages, or social media. After signing in, compare the company name in the client agreement, privacy policy, deposit page, and account statement. They should point to the same legal entity and licence.

Do not pay a personal bank account, an unrelated company, or a crypto wallet supplied only in a private chat. Save the beneficiary name, bank reference or transaction hash, network, amount, time, contract version, and support ticket. If any detail changes, stop and obtain written confirmation before making another transfer.

What the Evidence Does Not Establish

This review did not find a sufficiently reliable, independently verifiable complaint record specific to the Mauritius broker entity. Allegations on anonymous or recovery-oriented websites were not used as evidence. Reviews about the FTMO prop service should also not be reassigned to a different contracting entity without proof.

The evidence also does not establish that ftmoglobalmarkets.com is itself named on the RBI Alert List page checked for this article. That distinction is not an approval: RBI explicitly says absence from the list should not be treated as authorisation.

Conclusion and Five Checks Before Opening an Account

For a reader in India, the central risk is the authorisation and identity gap. RBI's Alert List names FTMO and ftmo.com/en, while FTMO materials separately identify a Mauritius broker entity and licence. Do not collapse those records into a blanket scam verdict or a blanket safety claim. Verify the exact transaction chain instead.

• Search the current RBI Alert List and authorised ETP list; save dated results for the exact name and domain.
• Search FSC Mauritius for licence GB21027119 and confirm status, permitted activities, and official website.
• Match FTMO Global Markets Ltd and company ID C187370 across the agreement, privacy notice, deposit page, and account statement.
• Confirm that the payment beneficiary belongs to the contracting entity; reject personal or unexplained third-party payment routes.
• Test support and withdrawal procedures with a small amount, and retain bank references, transaction hashes, tickets, and written replies.

Related reading: IG Review for India 2026 for another example of checking a broker's domain, legal entity, and India authorisation separately.

Frequently Asked Questions (FAQs)

Is FTMO Global Markets on the RBI Alert List

The page checked for this article names FTMO and links to ftmo.com/en at item 13. It does not display the separate broker domain in that entry. This should be read exactly as published, while remembering RBI's warning that the list is not exhaustive.

Does a Mauritius licence allow FTMO Global Markets to serve Indian residents

Not automatically. A foreign licence may define the firm's status in that jurisdiction, but Indian residents must still follow FEMA, use authorised persons, and use permitted electronic trading venues for forex transactions. Check the exact product and route with current RBI sources.

Is FTMO Global Markets the same as the FTMO prop firm

The official contact page presents them within the FTMO group, but the product, contracting entity, and money flow can differ. The ftmo.com footer describes simulated accounts and says its companies do not act as brokers, while the separate privacy policy describes a Mauritius investment dealer. Read the agreement shown for the service you actually use.

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