Our test result: FTO Capital is a legit platform. This review will tell you all about how to use FTO Capital and provide suggestions on the most profitable robots you can use to access the broker.
You may have heard of FTO Capital before. It is currently among the most known brokers available. In case you are wondering whether it is legit or not, we have tested it and have found that it is. You can make money on this platform and the best way to do that is by accessing it through a crypto bot called CryptoSoft.
Keep on reading if you want to know more about the broker’s platform, edication centre, bonuses, pros and cons, fees, how to trade on it with CryptoSoft and much more.
What is FTO Capital?
FTO Capital is a forex broker owned by Nona Marketing LTD. The abbreviation FTO stands for “Financial Trading Online”. It is registered at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands. The “about us” of the official website claims that the broker is one of leading trading platforms supporting investments in the foreign exchange market. This has been achieved through a supposedly outstanding customer service. It also offers a great variety of markets for investors to choose from as well as a wide range of innovative tools and resources that investors can use to facilitate their trading experience.
We will get into each of these claims later on in the review. For now, it is important to bear in mind that FTO Capital is an online broker, not a crypto robot. The difference is that brokers, unlike crypto bots, use alternative platforms to support trades. Also, you are on your own making investments. Brokers are devoid of sophisticated software supposed to help traders make the right investment choices. If you are looking for a platform based on one of these software, you should instead trade on a crypto robot.
They offer incorporated trading platforms with an automated trading option in which users are suggested what trades are the most profitable ones. With robots, users do not have to do any of the hard work and long hours of research to come up with the investment decisions. Everything is done for them. Making profits is certainly easier. Through crypto bots, you can also trade with brokers like FCO Capital. If that is the platform you wish to trade on, we suggest to have a look at robots like Cryptosoft or Bitcoin Code.
The broker though, still offers a wide range of products investors can choose from. It also provides remarkable tools and resources users can enjoy whilst trading. Of course, like all other brokers and crypto bots, there is always a risk of losing capital when trading in crypto. However, FTO Capital seems like a trustworthy platform that strives to meet the needs of customers from different backgrounds of trading experience.
If you want to trade with FTO Capital on Cryptosoft click here.
FTO Capital Regulations
Even though it is unregulated, we have found that there are many other positive aspects of the platform that make up for this. Based on our test, FTO Capital is a trustworthy platform and trading with it through a crypto bot is your best option.
Is FTO Capital Legit or Scam?
We have briefly mentioned this already; FTO Capital may be unregulated but in general, it still is a reliable platform and definitely not a scam. An interesting way to tell you why we think it is a legit platform is by starting from what they say on their website. They play on the term “forex” to state the main advantages of the broker. These are Features, Offers, Reliability and Execution. They are all accurate.
The broker uses two popular and complex software to support its trades: MetaTrader4 and WebTrader. They also boast a great customer service and a wide variety of tools to support trades. This links to the second advantage, the broker’s offers. It provides much more than just currency pairs. It also offers stocks, indices, CFDs, forex and more. The choice is very vast and both inexperienced and more experienced users can benefit from this.
It is also reliable because it provides users with a number of tools and resources aimed at educating beginners to the world of crypto but also more experienced users through more advanced online courses and news reviews. As for execution, this particular broker provides one of the best trade execution practices on the market.
On top of this, the website is very comprehensive of all the information users might need when deciding whether or not they want to sign up to the broker. This includes leverage, account types, risk disclaimers, spreads and more. The website is also available in several other languages to meet the needs of clients who do not speak the language.
Keep on reading if you want to find out to what extent this is a platform you can trust to make profits. We will tell you more about the trading experience at FTO Capital and we also came up with a step-by-step guide for you to follow in order to sign up to the broker.
FTO Capital offers the opportunity to trade in Forex, CFDs, stocks, indices and commodities such as oil, corn, gold and silver. The offer is really varied and this definitely makes the broker stand out amongst its competitors in the market.
As we briefly mentioned earlier on, to support its trades FTO Capital relies on two platforms, MetaTrader4 and WebTrader. MetaTrader4, also known as MT4, was developed by MetaQuotes and is one of the most popular platforms used in the market. Around 80% of all brokers use it as a main platform for the outstanding complexity and effectiveness of its software. Its interface is user-friendly and both inexperienced and professional users can benefit from it. It is very intuitive to use but at the same time it has all the tools that professionals may need to follow their investment strategies.
This particular software also supports auto trading systems, which means that crypto robots also use it as a platform on which investors can choose to trade. That is another reason to trade with FTO Capital through a crypto robot. MT4 is a downloadable platform that you will be able to have on your desktop within minutes. There is also a mobile app that you can use for on-the-go trading.
WebTrader is another platform that FTO Capital uses to support trades. It may be less popular than MT4 but it is equally efficient and also runs on browser. This means that you will simply need any device such as smart phone, tablet or laptop with an internet connection to be able to access it.
How to sign up on FTO Capital directly (not recommended)
If you are not so sure about trading with FTO Capital through CryptoSoft, you may of course sign up through the broker directly instead. Our concern with that is just that you may not be experienced enough to place trades without knowing much about the crypto trading world. This may result in the loss of all or part of the capital you invest. With auto trading bots like CryptoSoft on the other hand, you do not necessarily have to be a professional investor or have any trading experience to make profit, because the system is designed to do everything for you. Brokers like FTO Capital do not offer this opportunity on their platforms, so your risk of losing funds increases. Click here if you wish to give CryptoSoft a try.
If you still wish to trade on FTO Capital directly, you can just register on the official website. Like for CryptoSoft, you will be asked to fill in a form with your full name, email address, phone number, password and you will be requested to confirm that you are over 18 years old. That is about it. You may then try a demo account or deposit real funds into your account and then start trading on MT4 after you have downloaded it. The process is fairly intuitive and straight forward.
The most respectable online brokers usually provide users with detailed information on the various account types on offer. FTO Capital certainly does that. As explained on the website, the accounts available are Silver, Gold and Platinum. As for the minimum deposit, it is $250 for the Silver account, Information on the minimum deposit on the other account types is not provided so one may assume that it is still $250. However, that is unlikely. For other brokers, the minimum deposit for a medium upgrade is usually around $2,500 and around $10,000 for the highest upgrade. The advantages on offer for the Silver account are a leverage of 1:200 and an average spread of around 3.0 pips. For the Gold account the maximum leverage offered is 1:400 and an average spread of 2.5 pips. As for the Platinum account, a leverage of up to 1:500 is available and a spread of about 2.0 pips.
Depending on the account type they have, users can also enjoy several other advantages, such as swap discounts, account managers, news alerts, free VPS and access to informative webinars and videos.
As we have just mentioned, the leverage available on the broker varies depending on the account a user has. The leverage that a Silver account holder has access to goes from 1:20 to 1:200. It goes from 1:40 to 1:400 for Gold account holders and from 1:50 to 1:500 for Platinum account holders.
Commissions and Spreads
We have somewhat talked about the spreads on the broker as well. They vary depending both on the selected product and the account type a user possesses. It is 3.0 pips for the EUR/USD currency pair for a basic account, but goes down to 2.0 with a Platinum account. For EUR/GBP it goes from 3.5 down to 2.4. Unfortunately, we were unable to access information on the commissions established by the broker.
Deposits and Withdrawals
FTO Capital offers a wide range of payment methods to withdraw and deposit money. Again, this shows an effort to meet the needs of customers. The payment methods available are credit and debit card, WebMoney, Yandex Money, VLoad, Leverate, Neteller, Qiwi and more. Bank transfers are also available in several currencies but we suggest to check with a member of staff to see what these currencies are. Please contact support staff if you encounter any other difficulty during a payment.
According to the official website, the broker has an app called FTO Mobile Trading that can be downloaded on both App Store and Play Store. However, after clicking on the links provided on the website and searching the app name on both App Store and Play Store, we were unable to find it. It may have been removed as a result of some technical difficulties.
Education and Resources
FTO Capital is one of the few online brokers making a clear effort to facilitate users’ crypto trading experience providing them with tools and resources to either start learning about online trading or to advance their knowledge of it. In fact, the platform offers a great variety of eBooks, webinars, tutorials, informative videos, news and much more that account holders can access at no extra cost.
Unfortunately, we were unable to access any information on bonuses or promotions. The reason for this is most likely that there are no offers of such kind at the moment. It cannot be excluded though, that offers may become available at a certain point in the near future.
Customer support is another one of the aspects of the broker that convinced us of its reliability. You can contact support staff Monday to Friday from 12 am to 8 pm. This can be done through live chat or via email. Alternatively, users can choose to fill in a contact form by typing in their full name, phone number, email address, subject of the message and the department. They may then dedicate themselves to the content of the message. Even though the means to contact staff are very comprehensive, perhaps adding a telephone number in would make it even better.
What makes FTO Capital unique?
To sum up the main points discussed throughout this review, we made a list of advantages and disadvantages of FTO Capital.