FTMO PipsPRO is a UK-based Forex broker that provides investors with trading services in Forex, commodities, equities, indices, options and ETFs. The company's official website supports simplified Chinese, English, German, French, Spanish, Italian, Russian, Japanese, Thai, Vietnamese and other languages. In addition, FTMO PipsPRO's account registration page also supports simplified Chinese, English, German, French, Spanish, Italian, Russian, Japanese, Thai, Vietnamese and other languages.
Company background:
The FTMO PipsPRO website shows that it is registered in the UK, but the UK Companies House website does not find any registration information relating to the company, suggesting that the registration information displayed on the FTMO PipsPRO website is false. In addition, according to the domain name registration information of the website queried by Whois, the domain name of the company's official website was registered on July 16, 2022, and the domain name registration time is just over 1 year ago.
Account Registration:
FTMO PipsPRO provides investors with a link to register for a real account, according to the company's website. The way to register a real account is: Click "Sign Up" in the upper right corner of FTMO PipsPRO official website, or "Start Earning" on the left of the home page of FTMO PipsPRO official website to enter the registration page. Select or fill in your name, user name, Email, telephone number, password, country and other information as required. After uploading personal information, you can complete the real account registration. FTMO PipsPRO official website account registration page supports simplified Chinese, English, German, French, Spanish, Italian, Russian, Japanese, Thai, Vietnamese and other languages. However, the FTMO PipsPRO website does not provide a link to sign up for a demo account.
Account Type:
According to FTMO PipsPRO's official website, the company offers investors four types of trading accounts: STARTER, SILVER, GOLD and PLATINUM. However, the FTMO PipsPRO website only provides the difference between the minimum and maximum deposit amounts of these four account types, and does not provide differences in margin (leverage) ratios, spreads, commissions, etc., for different account types.
Trading Products:
According to the official website of FTMO PipsPRO, the company provides investors with foreign exchange, commodities, stocks, indices, options, ETFs trading services. However, the FTMO PipsPRO website does not provide specific trading products covered by forex, commodities, stocks, indices, options and ETFs, nor does it provide information on specific trading products' commissions, spreads, margin (leverage) ratios, minimum trading units and maximum trading units.
Margin ratio:
FTMO PipsPRO only shows the margin (leverage) ratio of some trading products on the homepage of its website. In addition, the FTMO PipsPRO website does not provide margin (leverage) ratios for different account types, nor does it provide margin ratios for all trading products covered by Forex, commodities, stocks, indices, options and ETFs.
Trading Hours:
The FTMO PipsPRO website does not provide information on the trading hours of specific trading products covered by Forex, commodities, stocks, indices and ETFs.
Deposits and Withdrawals:
FTMO PipsPRO only mentioned in the "Frequently asked Questions" on the official website that it supports digital currency deposit and withdrawal, and did not provide the fees and time of digital currency deposit and withdrawal, nor did it provide other channels and methods of deposit and withdrawal, currency, fees and deposit and withdrawal time information.
Trading Software:
According to FTMO PipsPRO's website, the ExpertOption trading software provided by the company supports Web, Windows, MacOS, iPhone, iPad and Android platforms. However, the FTMO PipsPRO website does not provide a link to download or use the trading software. In addition, the Android version of ExpertOption software cannot be downloaded or installed in some countries or regions, or the download and installation speed is slow.
Regulatory information:
The FTMO PipsPRO website does not provide the authorization or regulatory information it has obtained. FTMO PipsPRO's website shows that the website of the UK's Financial Conduct Authority (FCA), the regulator where it is registered, did not find any regulatory or authorisation information relating to the company.
Summary:
FTMO PipsPRO is suspected of fraud. On the one hand, FTMO PipsPRO's website shows that it is registered in the UK, but the UK Companies House website does not find any registration information related to the company, indicating that the registration information displayed on its website is false. On the other hand, FTMO PipsPRO's website does not provide the authorisation or regulatory information it has obtained, and its website shows that the website of the UK Financial Conduct Authority (FCA), the regulator where it is registered, has not found any regulatory or authorisation information relating to the company. Judging from this, FTMO PipsPRO is suspected of fraud, and investors should be careful to choose the services provided by the company. TraderKnows reminds you, please pay attention to your property safety, to avoid falling into the fraud trap.
