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ALERT | FTX Review: Is it Legit or a Scam

FTX LOGO
0.0
Rated 0 out of 5
Scam Company
0 out of 5 stars (based on 0 reviews)

FTX INVESTIGATION HIGHLIGHTS

Item Description Website Information
COMPANY NAME:
FTX
COMPANY ADMIN:
Unknown
REGULATION:
Unregulated
HEADQUARTERS
Veridian Corporate Center Building 27 Western Road New Providence The Bahamas
OPINION ON SOCIAL MEDIA AND REVIEW SITES:
Negative
PRIMARY PHONE NUMBER:
Unknown
CONTACT EMAIL:
WEBSITE URL:
https://ftx.com/
WEBSITE IP:
104.18.33.31
IP COUNTRY:
US
DOMAIN CREATION DATE:
1999-12-17
HOSTING:
CloudFlare Inc.

What is FTX About?

FTX About

The cryptocurrency exchange FTX was created by traders for traders.

The following is a false claim that they make on their website. FTX provides cutting-edge products, such as leveraged tokens, options, volatility products, and derivatives that are firsts in the market. They work hard to create a platform that is both reliable for expert trading organizations and user-friendly for beginners.

What is FTX Offering to Its clients?

For a total of seven VIP/MM fee and rate limit tiers, FTX introduced four more VIP and MM fee tiers.

The new tiers will lessen the incremental volume rise between tiers, giving customers the chance to continuously move up to higher VIP/MM tiers as their volumes improve, which will result in greater rate limits, cheaper taker fees, and higher maker rebates.

At FTX, VIPs get a lot of privileges, such as reduced costs, accounts manager, higher API limits, direct contact with a senior technical support representative for API inquiries, the opportunity to contribute ideas to the goods that FTX releases, access to VIP meet-ups and unique FTX merchandise, whitelisting of withdrawal addresses by the admin and historical pictures of the tick-level order book.

Is FTX Legit or a Scam?

According to the nation’s financial watchdog, cryptocurrency exchange FTX is not permitted to offer services to customers in the United Kingdom.

Is FTX a Scam? According to a formal notification released by the Financial Conduct Authority on Friday, “We suspect this firm may be offering financial services or products in the UK without our license.”

However, an FTX spokeswoman told Bloomberg that the company thinks a scammer is using its name in the impersonation. The representative said that the phone numbers mentioned by the FCA are connected to cryptocurrency fraud and do not belong to FTX.

Is FTX Licensed?

We only came across one match for the license number in CySEC, however, it belonged to a business called “D.T. Direct Investment Hub Ltd.”, which also registered the domains “dtdirectinvestment.com” and “www.duplitrade.com.” That indicates that FTX is not associated with this regulated company since its domain is not one of the authorized domains.

FTX FCA

FTX Opinions on Review Sites, Social Media, and Contact Information

According to BrokersView, FTX is an unlicensed forex broker.

It is important to note that organizations subject to regulation by regulatory bodies are required to have a full company name for registration authorization. However, the broker’s website does not publish the full company name, making it impossible to verify and confirm its claims of multiple regulations.

Is FTX Legit? The rating of 1.8/5 for FTX is displayed below. There were 293 reviews in total, and 70% of them were bad. In addition, there are a lot of bad reviews. The website allegedly offers high-risk services, and the owner’s identity is unknown. Lastly, it can be difficult to track down crucial information.

Comparing FTX to Well-established Companies

FTX offers groundbreaking products for the financial industry, including leveraged tokens, options, volatility products, and derivatives.

These are all firsts for their respective markets. They put in a lot of effort to develop a system that is trustworthy for professional trading organizations while also being simple to use for new traders. 

However, while using Binance.com, cryptocurrency traders and investors have several options. When platform fees are low, traders keep more money. Binance offers instant, margin, and peer-to-peer trading. There are many different types of orders; just a few examples include limit orders, market orders, stop-limit orders, stop-market orders, trailing stop orders, post-only orders, and canceled orders. Binance.com has better deals, better cryptocurrency teaching, and a community.

It offers many cryptocurrencies and frequently adds new ones. Users can execute deals with low trading costs, high leverage, and high liquidity. To guarantee that users are always safeguarded, a number of security measures, including a $300 million Insurance Fund, are in place.

DO YOU SUSPECT THAT SOMEONE HAD SCAMMED YOU?

If you have suspicions of a scam or phishing attack, you can rely on experts to help you with protection, mitigation, and fund recovery. You will feel safe knowing that experts with years of experience will be guiding you!

man-thinking-of-scam-protection.png

How to Get Your Money Back if You Were Scammed by FTX

By the end of this FTX Review, we hope you will have a better idea of whether or not this is a firm with which you wish to engage.

You should not worry if you had a financial loss with FTX Trade. First, you should get in touch with the law enforcement agency, your local government, and any other organizations that are concerned with protecting people from scams. If you suspect that your credit card has been compromised, immediately stop using it and contact your bank for assistance in limiting any further damage.

Due to the connections that were made by The Claimers between customers and businesses, unfortunate investors were able to get back thousands of dollars that they had lost. They are always reachable. Spreading awareness of the scam will hopefully encourage those who hear about it to take action and alert others.

TheClaimers partners with the most trustworthy & capable scam recovery organizations.

Once you consult with us, we will be able to assist you solve your problem and refer you to the top asset recovery companies that will get your money back!

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