Wikilix
Contract reading

What FTD legally published, but does not want you to read

Every clause below is published by FTD itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: FTD Limited

sole discretiondeemed acceptancemarketing mismatchdata sharingforum waiverhidden feeprofit voidingunilateral amendmentbest executionclient money

FTD Limited promises negative balance protection and segregated client accounts on its About us page. The contract makes you liable for any shortfall, and lets FTD refuse or delay any withdrawal at its discretion. Its account opening form accepts residents of the UK and Pakistan, two places its own acceptance policy refuses. Nine legal documents sit on one page, and not one of them tells you how to complain.

Back to FTD

Contract risk

Money at risk
8.5/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
6
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
17
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
8
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
7

How the 17 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical6
Warning10
Notice1

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

2 of these 3 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical2In the contract. Jump to the clause this comes from.Signup form accepts two countries the policy refusesCritical1Time to complain. Jump to the clause this comes from.No complaints procedure in anything FTD publishes2 daysAccount limit. Jump to the clause this comes from.Margin and leverage can change with no notice

What the documents say

17 clauses worth knowing about, worst first, each quoted from FTD's own files

01

FTD's About us page lists negative balance protection, which means you cannot lose more than the money in your account. The contract says the opposite: if a loss wipes out your balance, you owe FTD the shortfall.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

A fast move against you can leave you owing FTD more than you ever paid in. The Risk Warning page in FTD's footer repeats the company address under its Leverage/Margin Risk heading. The warning is not on that page at all.

Exhibit 1CriticalHarder than usual

you may be required to pay substantial additional funds at short notice but if you fail to do so within the required time, your investment position may be liquidated at a loss to you and you will be liable for any remaining deficit in your trading account.
Clause Risk Disclosure Statement, 1 - LEVERAGE / MARGIN RISK in Legal Menu (nine documents, ending with the Customer Agreement)
Read from the broker's site on Open the reference
Our own capture of ftdsystem.com, taken on Oct 17, 2026The claim, on About us page, listed under the heading Compliance & Security, in a list introduced by "FTD operates under stringent regulatory standards, implementing:"Visit this page on the broker's siteDownload the full size image file
Our own capture of ftdsystem.com, taken on Oct 17, 2026What the contract says, clause Risk Disclosure Statement, 1 - LEVERAGE / MARGIN RISKVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU)

Firms licensed by the FCA or CySEC must give retail clients negative balance protection, so a retail account cannot go below zero. FTD's contract makes you liable for the deficit, and FTD holds neither licence.

FTD is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 9FTD can raise your margin requirement without notice, close the positions the change left short, and then bill you for what the closure did not cover.
02

FTD's account opening form lets you pick the United Kingdom or Pakistan as your country of residence. Its Customer Acceptance Policy names residents of both as customers it will not accept.

Why this matters

If you live in either country, you can fund an account that FTD's own policy says it should not have opened. FTD can then refuse to keep it open, in its sole discretion and without giving you a reason.

Exhibit 2CriticalHarder than usual2

Residents of UK and USA, jurisdictions subject to a FATF call on its members as Iran/North Korea and jurisdictions with strategic AML/CFT deficiencies (Pakistan, Syria, Yemen etc.).
Clause Customer Acceptance Policy, 4 - UNACCEPTABLE CUSTOMERS in Legal Menu (nine documents, ending with the Customer Agreement)
Read from the broker's site on Open the reference
Our own capture of ftdsystem.com, taken on Oct 17, 2026Signup form accepts two countries the policy refuses (clause Customer Acceptance Policy, 4 - UNACCEPTABLE CUSTOMERS)Visit this page on the broker's siteDownload the full size image file
03

FTD can refuse or delay any withdrawal, in whole or in part, under clause 6.2 of its Terms of Business. No clause anywhere sets a deadline for paying you.

Why this matters

Your money can sit with FTD for as long as it chooses. Asking to close the account is one of the triggers the clause names, so the exit itself can be the reason you are refused.

Exhibit 3CriticalRarely seen

We may in our reasonable discretion refuse or delay giving effect to your request for a withdrawal of money (in whole or in part) from your Account, including as a result of any request to close that Account under clause 14.2(i).
Clause Terms of Business, 6.2 in Legal Menu (nine documents, ending with the Customer Agreement)
Read from the broker's site on Open the reference
Our own capture of ftdsystem.com, taken on Oct 17, 2026The claim, on Step 2 of the three step signup walkthrough on the Spanish home page, headed Financiación InstantáneaVisit this page on the broker's siteDownload the full size image file
Our own capture of ftdsystem.com, taken on Oct 17, 2026What the contract says, clause Terms of Business, 6.2Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), ASIC (Australia)

Firms licensed by the FCA or ASIC must return client money promptly on request and may hold it back only on stated grounds. FTD's contract sets no deadline and no test it has to meet.

FTD is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingMost contracts treat a refused withdrawal as an administrative outcome. Here FTD's own refusal is defined as a Specified Event, the same trigger that lets it cancel trades, block the account and set off balances.

  • Worse together with Exhibit 4FTD refusing your withdrawal is itself a Specified Event, and a Specified Event is what unlocks its power to cancel trades and reset the balance.
04

FTD can cancel your trades as if they had never been initiated, under the Reserved Actions clause of its Terms of Business. One listed trigger is failing to answer a request for information about your account.

Why this matters

A winning trade can be unwound and the profit taken back off your balance. You do not have to have broken any rule: not replying to a request is enough to start it.

Exhibit 4CriticalHarder than usual

Canceling any Trades or Countdowns (as if they had never been initiated) and its impact on your Account.
Clause Terms of Business, 11.3, Reserved Actions in Legal Menu (nine documents, ending with the Customer Agreement)
Read from the broker's site on Open the reference
Our own capture of ftdsystem.com, taken on Oct 17, 2026Trades can be cancelled as if they never happened (clause Terms of Business, 11.3, Reserved Actions)Visit this page on the broker's siteDownload the full size image file
05

FTD decides on its own whether you are a retail or a professional customer. If it calls you professional, your deposit becomes FTD's full property and ownership and stops counting as client money.

Why this matters

Money that is not client money is not ring fenced if FTD fails. Cash you post as margin transfers title to FTD even on a retail account. The About us page promises segregated client accounts either way.

Exhibit 5CriticalRarely seen

All kinds of Customer criteria, determination, and scope are determined by FTD on a Customer-by-Customer basis at its sole discretion.
Clause Terms of Business, 2(v) in Legal Menu (nine documents, ending with the Customer Agreement)
Read from the broker's site on Open the reference
Our own capture of ftdsystem.com, taken on Oct 17, 2026The claim, on About us page, listed under the heading Compliance & Security, above the line "You trade. We protect."Visit this page on the broker's siteDownload the full size image file
Our own capture of ftdsystem.com, taken on Oct 17, 2026What the contract says, clause Terms of Business, 6.1(ii)Visit this page on the broker's siteDownload the full size image file
Our own capture of ftdsystem.com, taken on Oct 17, 2026Your deposit can stop being client money (clause Terms of Business, 2(v))Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must hold retail client money in segregated accounts and cannot take title to it. They must also apply set tests before treating a client as professional. FTD's contract lets it choose the category alone.

FTD is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingTitle transfer collateral belongs to institutional dealing, where both sides are firms. FTD applies it to cash margin on any account, and picks the client category itself.

06

Nothing FTD publishes tells you how to complain, by when, or to whom. The word complaint appears once in its whole legal set, and there it is about recording your phone calls.

Why this matters

Your only stated route is a court in the British Virgin Islands. FTD's own records of your account count as conclusive unless FTD agrees with your objection.

Exhibit 6CriticalHarder than usual1

Subject to clause 7.3, this information will be conclusive unless we notify you of any mistake, error or inaccuracy or you notify us in writing of any mistake, error or inaccuracy and we agree with your notification.
Clause Terms of Business, 7.1(ii) in Legal Menu (nine documents, ending with the Customer Agreement)
Read from the broker's site on Open the reference
Our own capture of ftdsystem.com, taken on Oct 17, 2026No complaints procedure in anything FTD publishes (clause Terms of Business, 7.1(ii))Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ASIC (Australia)

Firms licensed by the FCA, CySEC or ASIC must run a written complaints procedure with set response times, and must point clients to an independent ombudsman or compensation scheme. FTD names neither.

FTD is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 15With no complaints route and a waiver of any objection to the forum, challenging FTD means a court case in Tortola.

What the About us page promises, the contract takes back

Four FTD claims do not survive its own documents. The About us page lists negative balance protection and segregated client accounts, while the contract makes you liable for any shortfall and can turn your deposit into FTD's property. The signup form accepts residents of the UK and Pakistan, whom FTD's own acceptance policy refuses. The Spanish and Russian pages sell accounts with no link to any contract.

Promise and contract2 clauses flagged

FTD sells accounts in ten languages on its site and fourteen on its signup form. The contract exists in English only, and the English version is the one that binds you.

Why this matters

If you signed up in Spanish or Russian, the words that hold you are English ones you were never shown. The Spanish and Russian home pages carry eleven buttons to the live signup form and no link to any legal document.

Exhibit 7WarningHarder than usual14

All FTD Limited standard documents will be available in English. If a document is translated into another language this will be for information purposes only and the English version will prevail.
Clause 1 - General Information, Language of Communications in Customer Agreement
Read from the broker's site on Open the reference
Our own capture of ftdsystem.com, taken on Oct 17, 2026The claim, on Step 1 of the signup walkthrough on the Spanish home page, which has eleven links to the live signup form and no link to any legal documentVisit this page on the broker's siteDownload the full size image file
Our own capture of ftdsystem.com, taken on Oct 17, 2026What the contract says, clause 6 - Customer RelationsVisit this page on the broker's siteDownload the full size image file
  • Worse together with Exhibit 16You are deemed to have read documents that are in one language only, and three of them are not published at all.

FTD's Cookie Policy promises that nothing it collects about you will be shared with third parties. Its Privacy Policy then lists the third parties, including introducing brokers and liquidity providers.

In plain words

Liquidity providers are outside banks and brokers.

Why this matters

The introducing broker who referred you can see your account opening and maintenance information. Getting out of that takes an email or a phone call, one for every account you hold.

Exhibit 10WarningHarder than usual

As a regulated broker, we assure you that any personal information we collect, through any means, will not be shared with third-parties.
Clause 4 - MANAGING COOKIES in Cookie Policy
Read from the broker's site on Open the reference
Our own capture of ftdsystem.com, taken on Oct 17, 2026The claim, on Closing section of the Cookie Policy, which is one of only three legal pages linked from the home page footerVisit this page on the broker's siteDownload the full size image file
Our own capture of ftdsystem.com, taken on Oct 17, 2026What the contract says, clause 4 - DISCLOSURE OF COSTUMER PERSONAL INFORMATIONVisit this page on the broker's siteDownload the full size image file

FTD publishes no prices and can change them without telling you

Not one fee figure appears in any document FTD publishes. The Terms of Business point to a cost disclosure that is not on the site, and allow a card payment fee and a withdrawal fee with no amount for either. FTD can amend its charges without prior notification.

Cost disclosure1 clause flagged

Not one fee figure appears in any document FTD publishes. The Terms of Business let FTD change its charges without telling you first.

Why this matters

You cannot work out what trading costs before you deposit. A card payment fee and a withdrawal fee are both allowed, with no amount given for either, and the cost disclosure the contract points at is not on the site.

Exhibit 8WarningHarder than usual

Trading with us incurs charges, which are detailed on our website, in our cost disclosure, on our platform, and in our terms.
Clause Terms of Business, 6.1 in Legal Menu (nine documents, ending with the Customer Agreement)
Read from the broker's site on Open the reference
Our own capture of ftdsystem.com, taken on Oct 17, 2026The claim, on Russian home page, under the heading "Брокер Которому можно доверять" (a broker you can trust)Visit this page on the broker's siteDownload the full size image file
Our own capture of ftdsystem.com, taken on Oct 17, 2026What the contract says, clause Terms of Business, 6.1Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a retail client the costs and charges of a product before they trade it. FTD's contract reserves the right to change its charges with no notice at all.

FTD is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

FTD can unwind a filled trade and reset your balance

Two FTD clauses reach into finished business. The Reserved Actions list includes cancelling trades as if they had never been initiated, and the Order Execution Policy lets FTD reprice an order it has already filled. A negative balance on one of your accounts can also be covered from the positive balance on another.

Trades undone1 clause flagged

FTD can cover a negative balance on one of your accounts out of the positive balance on another. One paragraph earlier, the same clause says your sub-accounts are not netted.

Why this matters

Money you kept clear of a losing strategy is not out of reach. FTD can also set your balances off against anything you owe its associates, with no notice.

Exhibit 11WarningHarder than usual

In the event when there are fixed losses in the form of negative balance on one of your Accounts (or several of your Accounts) the Company shall unilaterally be entitled to compensate such losses at the cost of your positive balance Accounts.
Clause 5 - Account Opening And Maintainance in Customer Agreement
Read from the broker's site on Open the reference

FTD sets your category, your margin and your leverage alone

FTD decides at its sole discretion whether you are a retail or a professional customer. That answer decides whether your money is still yours. It can also raise margin requirements and cut leverage without notice, then close the positions the change left short, and it owes you no margin call.

Account control1 clause flagged

FTD can raise the margin you must keep and cut your leverage, the borrowed size behind your trades, at any time without notice. If the change leaves your account short, it can close your positions.

Why this matters

A position that met the rules this morning can be closed this afternoon because FTD moved the rules. FTD can also end the whole agreement on two days of written notice and no reason.

Exhibit 9WarningHarder than usual2 days

Margin requirements may be set and varied from time to time at our discretion without prior notice to you
Clause Terms of Business, 10.1 in Legal Menu (nine documents, ending with the Customer Agreement)
Read from the broker's site on Open the reference

You agree to sue FTD in the British Virgin Islands and nowhere else

FTD's Customer Agreement gives the British Virgin Islands courts exclusive jurisdiction, and you waive any objection that the forum is inconvenient. FTD keeps the right to bring proceedings wherever it sees fit. The Terms of Business borrow FCA definitions and English statutes, then say the FCA rules do not apply.

Where you sue1 clause flagged

You agree that only the courts of the British Virgin Islands may hear a dispute with FTD, and that you will not argue the forum is inconvenient. FTD keeps the right to sue you wherever it sees fit.

Why this matters

Suing FTD means paying for lawyers in Tortola, whatever country you live in. The same clause makes any decision there final and binding on you.

Exhibit 15WarningHarder than usual

agrees not to file claims that such legal proceedings are held in inconvenient forum or they are invalid in relation to the Customer
Clause 17 - LAW AND JURISDICTION in Customer Agreement
Read from the broker's site on Open the reference

FTD can ask your employer, and freeze the account meanwhile

FTD's Terms of Business let it make enquiries about you at credit reference agencies and with your employer. If it wants more information, your account and the assets in it can be frozen at its sole discretion, with no time limit stated. Crypto users get two wallets and no more.

Information demands1 clause flagged

FTD can freeze your account and everything in it at its sole discretion while it collects information about you. It can also make enquiries about you at credit reference agencies and with your employer.

Why this matters

A request you cannot answer quickly locks the money, and the clause sets no time limit on the freeze. If FTD dislikes anything about a crypto transfer, it reports the transfer and stops serving you.

Exhibit 13WarningHarder than usual

You understand that yourAccount and any assets thereon may be frozen or blocked at our sole discretion and anyservices provided hereunder may be suspended, pending collection by us of full andcorrect information regarding your status.
Clause Terms of Business, 3(l) in Legal Menu (nine documents, ending with the Customer Agreement)
Read from the broker's site on Open the reference

FTD acts as your agent until it decides to be the principal

FTD's Customer Agreement lets it deal as your agent or as principal, whichever it deems necessary. Its own algorithm sets the price you trade at, and matching customer orders inside the firm is one of its listed execution venues. The Order Execution Policy then makes you responsible for your own best execution.

Both sides of the trade1 clause flagged

FTD deals with you as an agent, but can act as principal whenever it deems that necessary. It prices your trades with its own algorithm, and matching customer orders inside the firm is one of its listed venues.

Why this matters

When FTD is the principal, your loss is its gain, and the price you are judged on is its own. The policy that would explain how it handles that is not published.

Exhibit 14WarningHarder than usual

Our Capacity. We will deal with you as an agent, but we may also act as principal if we deem it necessary.
Clause 1 - General Information, Our Capacity in Customer Agreement
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must tell a client when they deal on their own account, and must take all sufficient steps to get the best result for that client. FTD's own policy hands that job back to you.

FTD is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

A dormant account fee with no amount and no trigger

FTD reserves the right to take dormant account fees out of your balance. The clause points at another clause that does not exist, and the word dormant appears once in a page of about 220,000 characters. After five years with no activity, FTD may report the account to its regulator.

Dormant accounts1 clause flagged

FTD reserves the right to take dormant account fees out of your balance. The clause gives no amount and no starting point, and points at a clause that is not in the document.

Why this matters

You cannot tell what an idle account costs you, or when the charging starts. After five years with no activity, FTD may report the account to its regulator and act on the instructions it gets.

Exhibit 12WarningHarder than usual

In case of prolonged inactivity on your Account, we reserve the right to apply dormant Account fees and deduct them from your Account as per the clause.
Clause Terms of Business, 6.1(v) in Legal Menu (nine documents, ending with the Customer Agreement)
Read from the broker's site on Open the reference

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Prolonged inactivityFTD may apply dormant account fees and take them out of your balance.Terms of Business, 6.1(v)
After 5 years with no activityFTD tries to contact you, and may report the account to its regulator.Terms of Business, 6.1(vi)

One BVI licence, and three binding documents FTD does not publish

FTD Limited holds Investment Business Licence SIBA/L/19/1123 from the BVI Financial Services Commission, and names no compensation scheme. Its Customer Agreement lists eight annexes as part of your contract. Three of them are published nowhere, including the Conflicts of Interest Policy and the AML and KYC policy.

Licence and paperwork2 clauses flagged

FTD's Customer Agreement lists eight annexes that make up your contract. Three are nowhere on the site: the Conflicts of Interest Policy, the AML and KYC policy, and the Customer Privacy Notice.

Why this matters

You are treated as having read and agreed to documents you cannot open. The agreement also sweeps in whatever FTD later puts in a Policies and Regulations section, and the site has no such section.

Exhibit 16WarningHarder than usual3

as well as any other document located in the “Policies and Regulations” section of the Website of the Company
Clause Preamble in Customer Agreement
Read from the broker's site on Open the reference

FTD Limited holds one licence, from the BVI Financial Services Commission, and its documents name no compensation scheme. The Privacy Policy gives a London phone number, while the acceptance policy refuses UK residents.

Why this matters

If FTD fails, there is no fund standing behind your balance, only British Virgin Islands bankruptcy law. Our scam check on FTD covers whether the licence itself is worth anything.

Exhibit 17NoticeStandard wording

FTD Limited (hereinafter the “Company”) is a global online trading broker, whose registered office is at Kingston Chambers, PO Box 173, Road Town, Tortola, British Virgin Islands, and incorporated under the laws of the British Virgin Islands as a BVI Business Company with registration number 1944994, licensed and regulated by the BVI Financial Services Commission (FSC) under Investment Business License number SIBA/L/19/1123.
Clause Opening paragraph in Risk Warning
Read from the broker's site on Open the reference

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The About us page offers negative balance protection, and the Risk Disclosure Statement makes you liable for the deficit.

Said in public, in English

Negative balance protection

About us page, listed under the heading Compliance & Security, in a list introduced by "FTD operates under stringent regulatory standards, implementing:"

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of ftdsystem.com

In the contract · clause Risk Disclosure Statement, 1 - LEVERAGE / MARGIN RISK

you may be required to pay substantial additional funds at short notice but if you fail to do so within the required time, your investment position may be liquidated at a loss to you and you will be liable for any remaining deficit in your trading account.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of ftdsystem.com

02

The signup form offers the United Kingdom and Pakistan, and the acceptance policy names residents of both as unacceptable customers.

Said in public, in English

United Kingdom

Country of Residence menu on the English account opening form, which offers 115 countries and also includes Pakistan

In the contract · clause Customer Acceptance Policy, 4 - UNACCEPTABLE CUSTOMERS

Residents of UK and USA, jurisdictions subject to a FATF call on its members as Iran/North Korea and jurisdictions with strategic AML/CFT deficiencies (Pakistan, Syria, Yemen etc.).

03

The Spanish page promises flexible withdrawals, and clause 6.2 lets FTD refuse or delay any of them.

Said in public, in Spanish

Disfruta de depósitos sin complicaciones con opciones flexibles de financiación y retiro.

Word for word in English: Enjoy hassle free deposits with flexible funding and withdrawal options.

Step 2 of the three step signup walkthrough on the Spanish home page, headed Financiación Instantánea

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of ftdsystem.com

In the contract · clause Terms of Business, 6.2

We may in our reasonable discretion refuse or delay giving effect to your request for a withdrawal of money (in whole or in part) from your Account, including as a result of any request to close that Account under clause 14.2(i).

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of ftdsystem.com

04

The About us page promises segregated client accounts, and the Terms of Business turn a professional customer's deposit into FTD's own property.

Said in public, in English

Segregated client accounts

About us page, listed under the heading Compliance & Security, above the line "You trade. We protect."

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of ftdsystem.com

In the contract · clause Terms of Business, 6.1(ii)

any amounts received from you or credited to your Account will become our full property and ownership;

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of ftdsystem.com

05

The Spanish page invites you to open a real account without linking any contract, and FTD then treats you as having read them all.

Said in public, in Spanish

Comienza configurando una cuenta de trading real.

Word for word in English: Start by setting up a real trading account.

Step 1 of the signup walkthrough on the Spanish home page, which has eleven links to the live signup form and no link to any legal document

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of ftdsystem.com

In the contract · clause 6 - Customer Relations

All applicants and customers are deemed to have read and understood the terms and conditions and related policies applicable to them and their relationship with the FTD Limited.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of ftdsystem.com

06

The Russian page promises transparent conditions, and the Terms of Business publish no fee figure and allow changes without notice.

Said in public, in Russian

Мы предлагаем прозрачные условия, высокопроизводительные IB-платформы и распределение прибыли в реальном времени.

Word for word in English: We offer transparent conditions, high performance IB platforms and real time profit sharing.

Russian home page, under the heading "Брокер Которому можно доверять" (a broker you can trust)

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of ftdsystem.com

In the contract · clause Terms of Business, 6.1

We have the right to amend or waive these fees at our discretion and without prior notification to you.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of ftdsystem.com

07

The Cookie Policy promises no sharing with third parties, and the Privacy Policy names the introducing broker who gets your account information.

Said in public, in English

As a regulated broker, we assure you that any personal information we collect, through any means, will not be shared with third-parties.

Closing section of the Cookie Policy, which is one of only three legal pages linked from the home page footer

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of ftdsystem.com

In the contract · clause 4 - DISCLOSURE OF COSTUMER PERSONAL INFORMATION

When a customer is referred by anintroducing broker, FTD generally shares nonpublic personal information concerning the accountopening and maintenance process with the introducing broker who made the referral.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of ftdsystem.com

What changed quietly

This is our first reading of FTD Limited, so there is nothing to compare it against yet.

  • ADDEDClause Page footer · 2026-05-01 (archived) to 2026-10-17

    FTD added its licence number and registered address to the footer of every page, which the May 2026 copy did not carry.

    FTD Limited is licensed and regulated by the British Virgin Islands Financial Services Commission (BVI FSC) under Investment Business Licence No. SIBA/L/19/1123 | Registered Address: Kingston Chambers, PO Box 173, Road Town, Tortola, British Virgin Islands.

  • ADDEDClause Site notice · 2026-05-01 (archived) to 2026-10-17

    A notice withdrawing service from Turkey appeared on every page since May 2026, and no legal document mentions Turkey at all.

    We regret to inform you that our services are not available to users accessing our platform from Turkey due to regulatory restrictions.

  • REMOVEDClause About us menu · 2026-01-15 (archived) to 2026-10-17

    The History & Regulation entry has gone from the About us menu since January 2026, and the page behind it no longer exists.

The documents this reading is based on

8 files, all published by FTD. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording FTD publishes.

How this reading was done

Every clause above was read out of a document FTD publishes itself

This reading was published on .

Documents
8 of 8downloaded from the broker's site, and 8 read in full
Pages opened
24pages walked to find those documents, footer links included
Older copies
5earlier versions downloaded
Marketing pages
7public pages set against what the contract says
Languages
EN vs ES vs RUthe language it advertises in, against the language it contracts in

Who the contract is with

FTD Limited

You contract with FTD Limited, a British Virgin Islands business company, registration number 1944994, registered at Kingston Chambers, PO Box 173, Road Town, Tortola. Its documents name one licence, Investment Business Licence SIBA/L/19/1123 from the BVI Financial Services Commission. No second entity appears anywhere in the document set, and no compensation scheme is named. The Privacy Policy calls the firm FTD Ltd and gives a London phone number, while the Customer Acceptance Policy refuses UK residents as customers.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

FTD gives you 14 calendar days to cancel the agreement and get your money back, as long as you have not traded. Its Customer Agreement says the FSC Rules prevail where they conflict with the contract, and that it cannot exclude duties the Securities and Investment Business Act imposes. The Order Execution Policy names the firms it actually routes orders to, including CFH Clearing Limited, Sucden Financial Limited, LMAX Limited and Swissquote. Most brokers never publish that. The retail segregation clause is explicit and promises a daily reconciliation. Every page now carries the licence number in the footer, which was not there in May 2026.

Three documents that FTD says form part of your agreement are not published on its site. They are the Conflicts of Interest Policy, the AML and KYC policy, and the Customer Privacy Notice. We could not read any of them. The legal menu page runs to about 220,000 characters, and we read its later half on FTD's own page, checking every quotation there word for word. No earlier copy of that page or of the Risk Warning was available, so for those two we had nothing to compare against. We read the Spanish and Russian pages and did not check the Malay, Chinese, Japanese, Indonesian, Vietnamese, Thai, Arabic, German, Italian, French or Korean versions. We did not submit the account opening form, so we cannot say what FTD does with a UK or Pakistani application after it arrives.

How to check any of this yourself

Every quote above links to the FTD file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document FTD publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge FTD on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Oct 17, 2026.

If you represent FTD and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on FTD. Whether its licence is real and current is a separate check on the broker profile.

What traders say about FTD

Comments on FTD are posted on its profile

Nobody has commented on FTD yet. If you have traded with them, your experience helps the next reader decide.

Write the first comment
Back to the FTD profile