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FXCT

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Operating status: SCAM

Website: https://fxcapitaltrading.online/home/en/

Broker violations and abnormal records
  • 2024-01-08 BrokersView has reviewed that FXCT is an unregulated broker

    According to its website, it is located in the USA. Upon investigation, no matching information was found in the National Futures Association (NFA).

    In essence, FXCT is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    According to its website, it is located in the USA. Upon investigation, no matching information was found in the National Futures Association (NFA).In essence, FXCT is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

How is the swap fee calculated on FXCT?

Angela Skinner
Georgia
2024-01-18
ANSWER FXCT is an unlicensed forex broker, and we strongly recommend avoiding any transactions with it, no matter how enticing the trading conditions may seem. It's important to remember that profiting from an unregulated trading platform is highly unlikely.FXCT makes claims such as being "regulated across 6 jurisdictions" and being "globally licensed and regulated," yet it fails to provide any specific details about its regulatory status. This lack of transparency is a common trait among fraudulent entities. The website lists a U.S. address to appear legitimate. However, to operate legally as a forex broker in the U.S., it must be registered with the National Futures Association (NFA). FXCT is not an NFA member and is therefore not subject to its oversight.For their own protection, investors are advised to steer clear of FXCT. Engaging with this platform, which operates outside the regulatory framework, could lead to severe financial or personal repercussions. Instead, we recommend choosing fully regulated forex brokers for a safer trading experience.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.