FTM Global Market Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-21 10:50

Abstract：FTM Global Market, established in 2023 and registered in Denmark, offers forex, CFDs, indices, metals, and energy trading with leverage up to 1:500 and spread from 2 pips on the Standard account. Demo accounts are available and the minimum deposit requirement to open a live account is $10. However, it has no regulations and their MT5 is a fake one.

　　Note: FTM Global Market' official website: https://ftmglobalmarket.com is currently inaccessible normally.

FTM Global Market Review Summary
Founded	2023
Registered Country/Region	Denmark
Regulation	Unregulated
Market Instruments	Forex, CFDs, Indices, Metals and Energy
Demo Account	✅
Leverage	Up to 1:500
Spread	From 2 pips (Standard account)
Trading Platform	MT5 (Fake)
Min Deposit	$10
Customer Support	Email: support@ftmglobalmarket.com

　　FTM Global Market, established in 2023 and registered in Denmark, offers forex, CFDs, indices, metals, and energy trading with leverage up to 1:500 and spread from 2 pips on the Standard account. Demo accounts are available and the minimum deposit requirement to open a live account is $10. However, it has no regulations and their MT5 is a fake one.

Pros and Cons

Pros	Cons
Multiple account types	Not regulated
Low minimum deposit	Unavailable official website
	High spreads
	Obscure commissions and fees
	Fake MT5 provided
	Only email support

Is FTM Global Market Legit?

　　FTM Global Market is not regulated and does not have an accessible website. Besides, it lists an address in Copenhagen, Denmark, and claims its headquarters are in London, without specifying their company name. The lack of regulatory information on their website strongly suggests they are not legitimate, indicating a potential scam.

What Can I Trade on FTM Global Market?

　　FTM Global Market trades in Forex, CFDs, Indices, Metals and Energy.

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Metals	✔
Energy	✔
Indices	✔
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　FTM Global Marketoffers PAMM, Star VIP, ECN Pro, Premium, STANDARD, and MICRO accounts.

Account Type	Min Deposit
MICRO	$10
STANDARD	$100
Premium	$100
ECN Pro	$100
Star VIP	$10,000
PAMM	$1,000

Leverage

　　FTM Global Market offers various account types with different maximum leverage levels.

Account Type	Max Leverage
MICRO	1:500
STANDARD	1:400
Premium	1:300
ECN Pro	1:200
Star VIP	1:200
PAMM	1:200

　　Higher leverage can lead to significant profits, but it also carries substantial risk. Traders should carefully manage their positions to avoid excessive losses.

Spread

Account Type	Spread
MICRO	From 3 pips
STANDARD	From 2 pips
Premium	From 1.6 pips

Trading Platform

　　FTM Global Market pretends to offer MetaTrader5, but this is deceptive and further proof of a scam. The Desktop platform download link is broken, and the mobile versions provided are generic. Essentially, FTM Global Market fails to deliver any functional trading software, making it a waste of time given the suspicion of deception.

Trading Platform	Supported	Available Devices	Suitable for
MT4	❌	/	Beginners
MT5	✔	Desktop, mobile	Experienceds

Deposit and Withdrawal

　　FTM Global Market advertises various deposit methods on its website, but in practice, the only way to fund trading accounts is through cryptocurrency direct transfers. They claim to accept major credit cards like VISA and MasterCard, as well as popular e-wallets like Neteller and Skrill, but these options are not actually available. The only payment methods offered are Bitcoin, Bitcoin Cash, and Ethereum, as shown in the screenshot below: