Scam alert: Fake FXTM broker website detected
Fake FXTM website
Cybercriminals have created a fraudulent website that uses the logo of the well-known broker ForexTime (FXTM). The FXTM press service reported this to Traders Union.
FXTM clients have discovered a website designed in the style of the popular broker, which falsely uses its brand but is entirely fraudulent.
"ForexTime has no affiliation with the website https://m.fxtmusdt.com/home. This is an unauthorized use of our brand and bears all signs of fraud. We urge users to be cautious and remind them that our official website is https://www.forextime.com," the FXTM press service stated.
The company emphasizes that FXTM users should remain extremely vigilant and avoid clicking on suspicious links. If someone accidentally accesses such a site, they should refrain from entering any personal data.
Why fake websites are dangerous
Fraudulent websites of well-known brands pose a significant threat to investors, as scammers create exact replicas of official platforms to deceive users and steal their money.
Most victims end up on these sites through phishing links, misleading advertisements, or messages on social media. These fake platforms often request personal information, login credentials, and passwords, or ask users to make a deposit—funds that later become impossible to withdraw. Additionally, cybercriminals may use malware to steal data from users' devices.
To avoid falling for such scams, it is crucial to always verify URLs and only use official broker websites.
About FXTM
ForexTime (FXTM) is a trusted broker that actively leverages innovative technologies to provide traders with a seamless trading experience, regardless of their level of expertise. The company operates in 150 countries, ensuring full security and protection of client funds, which are held in segregated accounts.
FXTM has been in operation since 2011, allowing traders to profit through active trading or investment programs. More than 2 million traders worldwide work with FXTM. The minimum deposit is just $10, enabling beginner traders to comfortably learn the fundamentals of trading without significant investments while gaining insights into how the Forex market operates.
