FTel

FTel is a retail forex and CFD broker registered in the United Kingdom. The company was founded on 20 June 2019, according to available records. However, its official domain and website are not publicly disclosed, making it difficult for potential traders to access detailed corporate information.

The broker operates with no known regulatory licences from any financial authority. This absence of regulation is a significant concern, as it means FTel is not subject to oversight by any recognised regulatory body. Traders considering this broker should be aware of the heightened risks associated with unregulated entities.

FTel offers two account types: a Standard account and a Mini account. The Standard account has no disclosed minimum deposit requirement and offers maximum leverage of 1:100. The Mini account requires a minimum deposit of $1,000 and provides higher maximum leverage of 1:200.

Both accounts share the same underlying trading instruments, including 30 currency pairs, precious metals (gold and silver), crude oil, and CFDs. The different leverage levels may appeal to traders with varying risk appetites, but the lack of additional details, such as spreads or commissions, leaves a notable gap in transparency.

According to the known facts, FTel provides access to 30 currency pairs for forex trading, along with precious metals such as gold and silver. Additionally, the broker offers crude oil and contracts for difference (CFDs) on various assets.

This range of instruments is modest compared to many full-service brokers, but it may be sufficient for traders focusing on forex and commodities. The inclusion of CFDs indicates that the broker facilitates leveraged trading, which carries substantial risk, especially in the absence of regulatory safeguards.

The most critical aspect of FTel's profile is its complete lack of regulatory licences. The broker is not authorised by any major regulator such as the FCA, CySEC, or ASIC. This was confirmed by checking public registries.

Without regulatory oversight, there is no assurance of fair trading practices, segregation of client funds, or access to dispute resolution schemes. This factor, combined with the broker's severe scam risk score of 75/100, positions FTel as a high-risk choice for traders.

FTel appears to target retail forex and CFD traders, offering both a low-barrier Standard account and a slightly higher-entry Mini account with increased leverage. The absence of a regulatory licence and limited public information suggests the broker may appeal to traders willing to accept high risk for potentially higher returns.

However, given the severe scam risk score and the lack of transparency, FTel is not suitable for cautious or novice traders. Experienced traders should exercise extreme due diligence before engaging with this broker.