FTEFXPro (Ftefxpro.com) is another askew CFDs and Forex scam platform targeting unsuspecting investors. FTEFX Pro is claiming to offer instant access to investing to anyone willing to sign up. FTE FX Pro is rudely stealing from investors by blocking their accounts once they deposit. Members have already come out displaying their anger with how events turned out with the platform. Read this genuine and honest FTEFXPRO Review for more.
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With members sending touching messages to our help desk, we decided to investigate the platform. What looks like a real trading platform is nothing but a cloned website stealing from online investors. With information retrieved from real sites, it makes the website appear legit and trustworthy. We have to expose rogue platforms as it is our duty to protect investors as well as the trading world. Before we delve into the review, what makes investors fall for such scams?
Most investors are enticed by the empty claims and promises which are posted on these websites. And this is where we must expose these scam artists and urge investors to be more careful. Scam artists will use over the moon claims and promises to ensure investors sign up. Most of the claims involve helping investors to get easy and quick profits. Thanks to our years of investing and trading, we know how to spot a scam from a mile away. Ensure you stay away from this platform as it is another rotten online scam.
Ace Capital Limited is the company which claims to be the rightful owner of this website. Disclaimer at the footer of the homepage shows the platform is located in St. Vincent and the Grenadines. By their own admission, they expose the fact that they are offshore brokers. No one should trust their money with offshore brokers. These brokers will shut down shop without giving investors notice. The mother company is also not on the list of any company register in the world.
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Anonymity is another problem we noticed with this platform. Without using any names, the platform has managed to fool a lot of investors into believing they are professionals. Who are the founding members of this website? Can we get to know some of the names of the founding members? These are the small details the naked eye fails to see. Without giving users any names, FTEFXPro is another anonymous online investment platform. Associating with them is a risky move.
With the platform being based in St. Vincent and the Grenadines, license is out of the question. Scam artist will do or say anything to make sure their platforms appear legit. Disclaimer at the footer of their homepage shows a license and registration number. These are simply random numbers meant to throw off any suspicious eyes. Another fake posting on the disclaimer is the fact that Ftefx is regulated in various jurisdictions. A look at various online regulatory bodies disputes this claim.
Why have they failed to post copies of their license and registration documents? With a copy of the official documents, it would be easy to confirm the numbers posted. And scam artists know this and choose to not follow set regulations and rules. Since the platform is a scam, they don’t have official license and registration documents. None of the official regulatory bodies in the world has ever heard of this platform. Stay away as safety of funds is not guaranteed by this platform.
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No advantage can be retrieved from trading with this platform. With members crying foul after having their accounts frozen, this is another lame platform. Make sure to stay away from this platform as authorities will soon shut down. Due to the number of complaints, authorities will look into the platform and eventually take action. You don’t want to be part of a platform which is about to face the wrath of the law. FTEFXPro are scam artists who will close shop on their own once their pockets are full.
FTEFXPro is furnishing users with four different account types to choose from. Accounts are listed as Micro, Premium, Standard, and VIP. The problem with these accounts is lack of information about them. We learned of these account types by trying to sign up with a demo account. The homepage does not have any details regarding minimum deposit required with each account. And this is where we draw the line as investors take advantage and ask for different amount.
Another shocking feature we discovered with FTEFXPro is lack of a proper communication system. No live chat support is on hand to lend a helping hand to users. These scam artists prefer the use of emails which has one huge disadvantage. Emails are one way communication and response may take time. Contact page has a number which has a UK code. What this proves is that the platform is using a virtual phone number. FTEFXPro are basically using a fake telephone address.
What we noticed with their demo account is shocking beyond words. The demo account has been rigged to produce high returns. Demo accounts use virtual money which is not real for traders to try. The rigged demo account ensures users get over 98% successful trade wins. Once users see this, they are fooled into believing the platform can mirror the results with a real account. And this is where the trap is set for investors to open a real account and deposit real funds. You better stay away.
According to the website, the platform claims to use MT4 trading platform. Without proper security features, it makes the website a security risk. Have you noticed the website lacks even the basic security software? Hackers can easily take over and steal valuable data such as credit card details. Imagine members of this platform having to get their bank accounts empty? It could happen once hackers strike.
Another disturbing feature is how the platform openly refuses to safeguard funds from members. What these scam artists are doing is pooling funds in one account by failing to segregate accounts. Members are depositing funds straight to owner’s personal bank account. No compensation should be expected as FTEFXPro is not participating in a compensatory scheme. Once you sign up and deposit funds with this platform, you should never expect to trade.
After looking at evidence presented, we can safely conclude FTEFXPro is a scam. Stay away from this platform and never join any of their affiliate programs. Warn your family and friends from clicking any of the links found on their promotional materials. These scam artists are a disgrace to the trading community and should be exposed. We hope authorities will take over and shut this website down.
We will be adding this platform to our scam blacklist and ensure no one falls for this scam.
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Wishing you all the best in your Forex trading experience.
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