FCT Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-28 16:16

Abstract：The Financial Service Corporate, FIRST CLASS TRADE LIMITED (FCT), based in Auckland, New Zealand, currently operates with a revoked regulatory status and lacks valid regulation. Its website, email address, and phone number are unavailable, and potential clients should exercise caution due to associated risks. FCT offers various market instruments, including stocks, Forex, commodities, indices, cryptocurrencies, bonds, and derivatives. They provide multiple account types with different deposit requirements. The broker offers Meta Trader 5 and Meta Trader 4 as trading platforms and provides customer support through email.

　　Note: FCT's official website: https://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
Customer Support	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.