FCT Forex Broker

Note: FCT's official website: http://www.fctnzl.com/cn/ is currently inaccessible normally.FCTReview SummaryFounded1994Registered Country/RegionNew ZealandRegulationASIC, VFSCMarket InstrumentsStocks and shares, Forex, Commodities, Indices, Crypto Currencies, Bonds, Derivatives.Account TypeStandard, Gold, Platinum, VIP, Islamic, DemoDemo Account✔Islamic Account✔LeverageUp to 1:100Spread0.1-2 pipsTrading PlatformMeta Trader 5 and Meta Trader 4Min Deposit$500Payment MethodsBank wire transfers, major credit cardsCustomer SupportEmail: info_cn@fctnzl.comPhysical Address: 2 Crummer Road Grey Lynn AucklandFCT 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 ConsProsConsOffers diverse market instrumentsUnregulatedIslamic account availableNegative reviews highlighting withdrawal issuesMT4 and MT5 supportedLimited customer support optionsDemo account availableIs 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 InstrumentsSupportedForex✔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 TypesMinimum DepositStandard Account$500Gold Account$5000Platinum Account$25000VIP Account$10000FCT 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 PlatformSupportedAvailable DevicesSuitable forMT4 Margin WebTrader✔Web, MobileBeginnerMT5✔Web, MobileProficientDeposit 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.