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FTP
United States
1957 (68 Years)
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What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know FTP
Company Information
Get to know FTP
FTP, INC. is an insurance wholesaler with its home base located in Old Bridge, NJ. The Agency was established in 1957 by the late Frank Powell, Sr. and originally traded as the "Powell Insurance Agency". In the early 1960's Tom Powell and Pat "PJ" Powell joined the Agency. Four more Powell's have been added over the years, and currently, Tom, P.J., Frank, Kevin, Steven and Frank Jr. are all active participants in the business. FTP's business is generated through its network of licensed insurance brokers. The Agency represents both admitted and non-admitted insurance companies. FTP offers over 100 insurance programs including property and casualty, commercial and personal lines. In addition, markets are available for almost all classes of business or situations on a package or mono-line basis.
Industry
- Financial InsurancePRIMARY
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