Do not recommend dealing with FTM-Invest: detailed analysis
Projects similar to FTM-Invest differ by a standard scheme of fraud, providing little new. After conducting a thorough analysis, we have identified connections with previous similar projects and will explain why FTM-Invest does not deserve your trust.
Allusive overview of FTM-Invest
FTM-Invest claims to be one of the largest providers of auto financing in the US, although it mixes the concepts of banking services and brokerage. The company describes a wide range of its services:
- leasing and retail auto loans,
- insurance,
- dealer loans,
- car auctions.
However, FTM-Invest does not disclose its history in the brokerage business and does not indicate the length of its operation. According to their statements, the company has been in existence since 1919, but Whois data shows that the project was only launched in September 2022.
The phone number connects FTM-Invest with other dubious brokers, such as TradeFW, Global Financial Investment, Lavro Group, and others. Visiting their websites shows that they have exactly the same structure and conditions, differing only in the logo.
Licensing and financial regulation
Although FTM-Invest claims to be based in Detroit (USA), in reality, their address in Sweden belongs to a trading center. The company does not have a license from the main American regulator SEC.
Despite this, FTM-Invest claims to have permissions from FCA (United Kingdom) and Cysec (Cyprus). A conducted check showed that this is a lie.
FTM-Invest is not on Russia’s Central Bank blacklist due to its recent appearance, but its predecessors are already listed there. Based on the experience of past fraudulent projects, FTM-Invest is also likely to expect the same outcome.
The crux of the matter
FTM-Invest offers a wide range of opportunities for active and passive traders, requiring a minimum deposit of $5,000 and promising returns of 10% to 45% per month. Various tariff plans with a 1% daily rate are available to passive investors.
Reviews and conclusions
There are no reviews of FTM-Invest yet, giving scammers free rein. However, considering the active promotion of their project, reviews, likely of a negative nature, will soon appear.
As in previous cases, FTM-Invest promises successful trading, but the actual goal is fraud and disadvantage of professional traders. Considering the potential threat, it is strongly recommended to pay attention to real reviews and verify information about companies before investing.
