Note: ForexCT's official website: http://www.forexct.com/ will be expired on Feb 2025 and is currently disinformed, so we can only search information from Internet.
ForexCT Information
ForexCT, with full name Forex Capital Trading Ltd, is an Australia-based financial company founded in 2006 and offers global clients trading services in forex, commodities and indices. Currently, the company's website is accessible but there's a notification on its mainpage that the web will be expired on Feb 2025, and there's no vaild or useful information we can get from the page. Such situation indicates that the company might already ceased operation.
Alongside that, the fact that the company is currently is not regulated further exacerbate its credibility.
Is ForexCT Legit?
The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.
Downsides of ForexCT
Non-informativewebsite: Though ForexCT's website can be opened, there's no useful information at all, leaving no windows for traders to know about them.
Regulatory concerns: The company operations without any regulations, meanig that it does not comply to rules from any regulatory authorities. This heightens trading risks with them.
No transparency: Except for the company's background, important info on leverage, spread, commission or trading platform of this broker are not publically available.
Market Instruments
ForexCT mainly offers trading services in forex, commodities and indices.
Forex allows traders to trade currency pairs in the global foreign exchange market, providing opportunity to profit from the fluctuations of exchange rate. While commodities like gold, oil and agricultural products enable traders to speculate on price movements in raw material.
For indices, traders can trade on the performance of a group of stocks representing a market segment or economy.
These products can be traded through a web-based platform provided by ForexCT.
Furthermore, the broker is said to provide educational resources for clients to learn about basic knowledge and senior in-depth trading strategies. But we don't have any details about this.
Customer Support
Currently the broker can only be accessed via email: info@forexct.com; support@forexct.com.au and tel: 448708200087. Such limitations on customer support channels can delay response to customer requests.
Conclusion
Glue together all the information pieces, ForexCT is an Australian brokerage firm focusing on trading in forex, commodities and indices. The information we can collect from the Internet is very scarce. The useless website and unregulated status are major drawbacks that prevent people from trusting them.
Therefore, though there's no evidence that the broker is a fraud, you should still get rid of such broker and choose regulated and reputable alternatives for better trading experience.
