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FCT -

No Regulation

Score

1.59 /10

Danger

FCT

Item: FCT
Rating: 1.59

New Zealand

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

New Zealand Financial Service Corporate Revoked

Suspicious Overrun

High potential risk

http://www.fctnzl.com/cn

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Comparison

Quantity 2

Exposure

Open Account

Website

Score

Regulatory Index0.00

Business Index7.61

Risk Management Index0.00

Software Index4.00

License Index0.00

Follow

Open Account

Website

Licenses

FSPR Revoked

Financial Service Corporate

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

First Class Trade Limited

Company Abbreviation

FCT

Platform registered country and region

New Zealand

Company website

Company summary

Pyramid scheme complaint

Expose

FCT · Company summary

Note: FCT's official website: http://www.fctnzl.com/cn/ is currently inaccessible normally.

FCTReview Summary
Founded	1994
Registered Country/Region	New Zealand
Regulation	ASIC, VFSC
Market Instruments	Stocks and shares, Forex, Commodities, Indices, Crypto Currencies, Bonds, Derivatives.
Account Type	Standard, Gold, Platinum, VIP, Islamic, Demo
Demo Account	✔
Islamic Account	✔
Leverage	Up to 1:100
Spread	0.1-2 pips
Trading Platform	Meta Trader 5 and Meta Trader 4
Min Deposit	$500
Payment Methods	Bank wire transfers, major credit cards
Customer Support	Email: info_cn@fctnzl.com
Customer Support	Physical Address: 2 Crummer Road Grey Lynn Auckland

FCT Information

First Class Trade Limited (short for “FCT”), founded in 1994, is a brokerage registered in New Zealand. The trading instruments it provides cover stocks, forex, commodities, indices, crypto currencies, bonds, derivatives.

Pros and Cons

Pros	Cons
Offers diverse market instruments	Unregulated
Islamic account available	Negative reviews highlighting withdrawal issues
MT4 and MT5 supported	Limited customer support options
Demo account available

Is FCT Legit?

It is clear that FCT is currently unregulated. The Whois website shows that the registration date of this dealer is 1994-08-24.

What Can I Trade on FCT?

FCT offers traders the opportunity to trade stocks, forex, commodities, indices, cryptocurrencies, bonds, derivatives.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Stocks	✔
Cryptocurrencies	✔
Indices	✔
Bonds	✔
Derivatives	✔
Futures	❌
Options	❌

Account Types

FCT offers 4 different types of accounts to traders - Standard, Gold, Platinum, VIP. It also provides an Islamic Account and Demo Account.

Account Types	Minimum Deposit
Standard Account	$500
Gold Account	$5000
Platinum Account	$25000
VIP Account	$10000

FCT Fees

FCT charges maker fees of 0.05% and taker fees of 0.07%. The minimum spread is 0.1 pips and the maximum spread is 2 pips. FCT charges no commission for trading cryptocurrencies.

Trading Platform

FCT's trading platform is MT4 Margin WebTrader and MT5 Margin WebTrader, which supports traders on PC, Mac, iPhone and Android.

Trading Platform	Supported	Available Devices	Suitable for
MT4 Margin WebTrader	✔	Web, Mobile	Beginner
MT5	✔	Web, Mobile	Proficient

Deposit and Withdrawal

The broker offers 2 types of deposit and withdrawal methods - bank wire transfers and major credit cards. The minimum deposit is $500. The minimum withdrawal is $100. But there is no more information about fees.

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Warning: Low score, please stay away! 3

Previous Detection : 2025-01-31

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

New ZealandFSPR (license number: 524286) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Exposure

2 pieces of exposure in total

Pyramid scheme complaint

Expose

Unable to Withdraw

Fraud Broker

The salesman pretended to date with u and ask u to deposit funds. But you can not withdraw funds.

YUANLICONGMING

2021-03-15 23:46

Unable to Withdraw

I recommended someone

I recommended someone to trade with FCT and now is not able to withdraw funds. They keep asking for Swift Code here and there and finally the bank print all details in letterhead and she sent. Now she is asked to bring letter from municipal for proof of residency.

FX1732599657

2024-08-26 11:25

FCT · Company summary

Note: FCT's official website: http://www.fctnzl.com/cn/ is currently inaccessible normally.

FCTReview Summary
Founded	1994
Registered Country/Region	New Zealand
Regulation	ASIC, VFSC
Market Instruments	Stocks and shares, Forex, Commodities, Indices, Crypto Currencies, Bonds, Derivatives.
Account Type	Standard, Gold, Platinum, VIP, Islamic, Demo
Demo Account	✔
Islamic Account	✔
Leverage	Up to 1:100
Spread	0.1-2 pips
Trading Platform	Meta Trader 5 and Meta Trader 4
Min Deposit	$500
Payment Methods	Bank wire transfers, major credit cards
Customer Support	Email: info_cn@fctnzl.com
Customer Support	Physical Address: 2 Crummer Road Grey Lynn Auckland

FCT Information

First Class Trade Limited (short for “FCT”), founded in 1994, is a brokerage registered in New Zealand. The trading instruments it provides cover stocks, forex, commodities, indices, crypto currencies, bonds, derivatives.

Pros and Cons

Pros	Cons
Offers diverse market instruments	Unregulated
Islamic account available	Negative reviews highlighting withdrawal issues
MT4 and MT5 supported	Limited customer support options
Demo account available

Is FCT Legit?

It is clear that FCT is currently unregulated. The Whois website shows that the registration date of this dealer is 1994-08-24.

What Can I Trade on FCT?

FCT offers traders the opportunity to trade stocks, forex, commodities, indices, cryptocurrencies, bonds, derivatives.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Stocks	✔
Cryptocurrencies	✔
Indices	✔
Bonds	✔
Derivatives	✔
Futures	❌
Options	❌

Account Types

FCT offers 4 different types of accounts to traders - Standard, Gold, Platinum, VIP. It also provides an Islamic Account and Demo Account.

Account Types	Minimum Deposit
Standard Account	$500
Gold Account	$5000
Platinum Account	$25000
VIP Account	$10000

FCT Fees

FCT charges maker fees of 0.05% and taker fees of 0.07%. The minimum spread is 0.1 pips and the maximum spread is 2 pips. FCT charges no commission for trading cryptocurrencies.

Trading Platform

FCT's trading platform is MT4 Margin WebTrader and MT5 Margin WebTrader, which supports traders on PC, Mac, iPhone and Android.

Trading Platform	Supported	Available Devices	Suitable for
MT4 Margin WebTrader	✔	Web, Mobile	Beginner
MT5	✔	Web, Mobile	Proficient

Deposit and Withdrawal

The broker offers 2 types of deposit and withdrawal methods - bank wire transfers and major credit cards. The minimum deposit is $500. The minimum withdrawal is $100. But there is no more information about fees.

User Reviews

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User comment

2

Comments

Write a review

FX1732599657

more than one year

I recommended someone to trade with FCT and now is not able to withdraw funds. They keep asking for Swift Code here and there and finally the bank print all details in letterhead and she sent. Now she is asked to bring letter from municipal for proof of residency.

Translate to English

2024-08-26 11:25

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0

步

more than one year

SCAM FCT. Please do not have anything to do with these criminals. They don't care who they hurt and will take you for everything. Please don't go anywhere near them if you don’t want to be hurt again.

Translate to English

2023-03-06 16:56

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2