FCT Information Revealed
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 |
| 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.
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