ANSWER Dear Investor,
FT Group claims to have been in operation since 1994. However, the company does not provide any regulatory or licensing information on its website — a major red flag for any financial services provider, especially in the forex industry.
Further investigation reveals that the UK Financial Conduct Authority (FCA) has issued warnings against FT Group twice, specifically on March 5, 2024, and again on April 17, 2024. In these alerts, the FCA stated that FT Group is operating illegally in the UK and is providing unauthorized financial services, which is a serious violation of UK financial regulations.
As an unregulated entity with a history of engaging in unauthorized activities, FT Group poses a significant risk to investors. Therefore, we strongly advise against opening any accounts or conducting transactions with FT Group.
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