FTD

What is FTD？

FTD is a financial services company that offers a diverse range of trading instruments across multiple asset classes. Founded in 2017, FTD provides MT5 and end-to-end financial services to cater to the specific needs of investors. But the license of FSC is offshore ststus.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

FTD Alternative Brokers

There are many alternative brokers to FTD depending on the specific needs and preferences of the trader. Some popular options include:

• Equiti - A trusted global broker specializing in online trading of forex, commodities, and indices, offering cutting-edge technology, superior execution, and comprehensive market analysis.

• ForexChief – A reputable forex broker known for its transparent trading conditions, diverse account types, and competitive trading platforms.

• OctaFX - A leading online trading broker with a user-friendly platform and low trading costs, making it ideal for beginner traders.

Is FTD Safe？

FTD is regulated by Financial Services Commission (FSC), an autonomous regulatory authority responsible for the permission, regulation, supervision of all financial services in and from within the BVI. However, FSC regulation with license number: SIBA/L/19/1123 is an offshore regulation. As with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

Products Offered

FTD offers access to forex (foreign exchange) and CFDs (contracts for difference) for automated trading. These instruments provide opportunities for trading in different markets and asset types.

• Forex (Foreign Exchange): FTD provides access to the global forex market, allowing traders to buy, sell, and speculate on currency pairs. Forex trading involves the exchange of one currency for another at an agreed-upon price.

• CFDs (Contracts for Difference): With CFDs, traders can speculate on the price movements of a wide range of financial instruments, including stocks, indices, commodities (like gold or oil), and cryptocurrencies. The trader enters into a contract with FTD based on the price difference of the underlying asset, without owning the actual asset.

• API Trading: The FIX API represents a set of rules and formats that enables the instantaneous transmission of data pertaining to trading activities between different systems or entities.

Accounts

FTD provides tailored account options suited for individual investors, professional investors, and institutional investors. The specific minimum deposit requirements for each account type are not openly disclosed. However, FTD claims that investors from different backgrounds and with varying investment sizes can find suitable account options. It is advisable to consult FTD directly or refer to their official documentation for detailed and accurate information about minimum deposit requirements for each account type.

Besides, it offers demo account for their clients. A demo account is a simulated trading account that allows clients to practice trading without using real money.

Leverage

FTD provides leverage options to its clients for forex trading and CFD trading. Leverage is a tool that amplifies the trading position of an investor by allowing them to trade with borrowed funds, which can result in the potential for higher returns.

• Forex Trading: FTD offers a maximum leverage of 1:100 for forex trading. This means that for every dollar (or unit of currency) in the trader's account, they can potentially control up to 100 dollars (or units) in the forex market. Leverage in forex trading allows traders to make larger trades with a smaller amount of capital.

  

• CFD Trading: For CFD trading, FTD offers a maximum leverage of 1:50. With this leverage, traders can potentially control up to 50 times the amount of their initial investment.

Spreads & Commissions

FTD offers a wide range of tradable instruments with varying spreads. Each instrument has its own spread, which refers to the difference between the buying and selling prices of a particular asset. Traders can visit the official FTD website to obtain detailed information about the specific trading instruments available and their corresponding spreads.

For instance, Brent, a popular oil contract, typically offers spreads around 2 pips. The currency pair USD/CHF generally spreads around 5 pips, while EUR/CHF tends to have spreads around 4 pips.

By visiting the FTD website, traders can access accurate and up-to-date information about the different instruments offered, enabling them to make informed trading decisions based on the spread and other relevant market conditions.

Besides, FTD does not provide the commission for trading. It is recommended that traders can contact directly the company to ask the specific commissions charged by FTD.

Below is a comparison table about spreads and commissions charged by different brokers:

Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.

Trading Platforms

FTD offers MT5 for its clients. MT5 is a powerful and user-friendly trading platform that offers advanced features and tools for traders of all levels. It offers a comprehensive range of functionalities, including real-time market analysis, multiple charting options, customizable indicators, and a wide range of order types. MT5 supports automated trading through Expert Advisors (EAs) and offers a built-in strategy tester for optimizing and backtesting trading strategies. Additionally, MT5 provides access to the extensive MQL5 community, where traders can access a variety of indicators, EAs, and trading signals.

FTD's MT5 platform provides a seamless trading experience across different asset classes, including forex, CFDs, and commodities. It offers a user-friendly interface with intuitive navigation, enabling traders to place and manage trades efficiently. Additionally, MT5 is available on multiple devices, such as desktop computers, web browsers, and mobile devices (iOS and Android), allowing traders to access their accounts and trade on the go.

See the trading platform comparison table below:

Customer Service

FTD offers live chat. With live chat, customers can get their questions answered quickly and receive help with any issues they may have. It's a convenient and effective communication channel that can improve customer satisfaction and increase sales.

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +44 (0) 207 060 0383

+971 4583 0383

Email: info@ftdsystem.com

Address: Kingston Chambers, PO Box 173, Road Town, Tortola, British Virgin Islands

R&F Yinkai Room 609, Huaxia Road No.16, Zhujiang New Town, Tianhe Guangzhou, 510623, China

14 - 45, Central Park Towers, DIFC, Dubai, UAE

Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook and Linkedin.

Twitter: https://twitter.com/ftdlimited

Facebook: https://www.facebook.com/limitedftd/

Linkedin: https://www.linkedin.com/company/financial-trading-dimensions/

Conclusion

In conclusion, FTD is a financial services company that offers a range of trading instruments across various asset classes. FTD offers tailored account options for individual investors, professional investors, and institutional investors, catering to their specific needs. It provides a diverse range of trading instruments such as forex and CFDs for automated trading. However, it is noted that the license of FSC is offshore status. Therefore, traders should verify the regulatory status of FTD or any broker they choose to work with to ensure compliance with industry standards and regulatory requirements.

Frequently Asked Questions (FAQs)

Is FTD legit ？

Yes. It is offshore regulated by FSC.

How can I contact the customer support team at FTD？

You can contact via telephone, +44 (0) 207 060 0383, +971 4583 0383 and email, info@ftdsystem.com.

Does FTD offer demo accounts？

Yes, demo accounts are available on FTD.

Does FTD offer industry leading MT4 & MT5？

Yes. It offers MT5.

Is FTD a good broker for beginners？

No. It is not good for them because of its offshore status.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.