Operating status: SCAM. BrokersView has reviewed that FTMO is an Unregulated Forex Broker and claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. Letting this broker hold or control investors' money is unsafe, and the money cannot be protected by any laws.