Is FTO Capital a scam broker?
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FTO Capital is owned by Nona Marketing Ltd. which is registered at Republic of the Marshal Islands. It was founded in March 2017. FTO stands for Financials Trading Online. They are unregulated forex broker and dealing with unregulated enterprises in forex or binary options is always risky.
The trading platform is MetaTrader4 and is available on desktop, laptop, mobiles apps and has web-based version Webtrader. The trading platform does not require any installation. No additional features needed and no other requirements to start trading. It is compatible with different browsers. There are live charts which give detail explanation about open and closed trades. With trading cubes, traders can access their preferred asset and trade quickly. All major analysis and trends are displayed visually along with all market conditions. The website is available in two languages English and Russian.
Though they offer assets like forex, stocks, CFD, gold, and commodities they mostly deal in forex. The deposit and withdrawal are through Visa card, Master Card, American Express and e-wallets like Neteller, Qiwi, WebMoney and Yandex Money.
Account types are Silver, Gold, and Platinum. Minimum deposit is $250. The minimum deposit for other accounts is not mentioned, no reason whatsoever. The spreads are comparatively on the higher side. They also have Islamic account which is free of overnight interest and commissions. There are no concealed fees. The site claims to have 5K+ clients, with 260+ instruments and $11 B of trading volume.
On the education front, they have tutorials and e-books available. There is also a video on demand for platinum account holders.
Comments at different sites suggest FTO Capital is a scam broker. One of the investors Mr. H invested $1000 after he saw the success story on TV show Shark Tank. Later he came to know that successes story was fabricated. Also, many testimonials turned out to be false. Mr. H believes FTO was not the only front outfit involved. He searched on Google regarding FTO Capital and sought an immediate refund and did not trade. The money has disappeared from his broker account and yet did not appeared in his bank account.
One of the authors of the comment Mr. R believes that it is mostly South Africans who FTO Capital scammed the most as they are very inexperienced with forex binary and crypto currencies and are lured by the snap binary trading robot. He further says that there is TeamViewer through which they have full accesses to your computer hard drive when down loaded from their site. His advice is, if you have downloaded TeamViewer to uninstall it as soon as possible. He further states that FTO Capital is very persuasive and makes you to part with your credit card details by hook or by crook which the company misuses for its own profit. He warns all investors and traders to stay away from all these types of online scammers.
Now that you know that FTO Capital is a scam broker do stay away from it. You can contact MyChargeBack to recover your scammed money. They will guide you step by step what all to do to retrieve all or major portion of your money back.