Score

1.39 /10
Danger

fctrading

United States

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Website

Score

Regulatory Index0.00

Business Index6.10

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

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Broker Information

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Company Name

Future Currency Trading

Company Abbreviation

fctrading

Platform registered country and region

United States

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

fctrading · Company summary

General Information

Fctrading presents itself as an American broker that provides its clients with supreme trading platforms and a wide-variety trading assets. It also claims that it offers up to 200:1 leverage and a choice of seven account types.

Account Types

There are seven trading accounts offered by Fctrading, namely Basic, Bronze, Silver, Gold, Platinum, Diamond and Black. The minimum initial deposit to start a Basic account is $250, while the other six accounts require much higher initial capital, $5,001, $15,001, $50,001, $150,001, $500,001, and $1000,000 respectively.

Leverage

In terms of trading leverage, the maximum level offered by Fctrading is up to 200:1. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

According to the information on the website, we found the spreads on MT5 were more than a constant 0 pips. Unluckily, we have no way to confirm if it is true because there is nothing specific about spreads and commissions concerned directly on Fctradings website.

Trading Platform Available

When it comes to trading platforms available,Fctrading gives traders a choice of MetaTrader5. MT5 is very popular among traders and it is equipped with intuitive software and many amazing tools. You can set customized signals or subscribe to those set by other traders and etc.

Deposit & Withdrawal

You can deposit via Credit/Debit cards like Visa, MasterCard and Game Changes, bank transfer and Bitcoin. It is very important to note that the broker imposes a inactivity fee after three months of inactivity-10% of the amount of money in the account.

Customer Support

Fctradings customer support can be reached through telephone: +441618181333, email: support@fctrading.pro.

User Reviews

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User comment

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Comments

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FX1456468842
more than one year
I was initially attracted to fctrading, but my experience with them was nothing short of disappointing. The spreads they offered were insanely high, and the trading platform was anything but stable. To make matters worse, I constantly faced issues with slippage, which ultimately made it impossible for me to make a profit. Due to these reasons, I had to cut my losses and leave the platform for good.
I was initially attracted to fctrading, but my experience with them was nothing short of disappointing. The spreads they offered were insanely high, and the trading platform was anything but stable. To make matters worse, I constantly faced issues with slippage, which ultimately made it impossible for me to make a profit. Due to these reasons, I had to cut my losses and leave the platform for good.
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2023-03-29 10:10
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FX1368684179
more than one year
I almost fell into the trap of future currency trading! I traded on their demo account for more than a week, but one day I suddenly found that the website couldn't be opened! Luckily I have a habit of trying a demo account before depositing money.
I almost fell into the trap of future currency trading! I traded on their demo account for more than a week, but one day I suddenly found that the website couldn't be opened! Luckily I have a habit of trying a demo account before depositing money.
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2023-03-10 18:13
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