Score
FCT
http://www.fctnzl.com/cn/
Website
Rating Index
Contact
Licensed Entity:First Class Trade Limited
License No. 524286
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
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Website
- fctlead.com 156.231.91.197
- fctnzl.net 203.148.1.141
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Genealogy
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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 | 
| 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.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- New Zealand Financial Service Corporate Revoked
- Suspicious Overrun
- High potential risk
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