ForexCT Review 2023 Update – Is it a good broker or not?
| General Information |
|
|---|---|
| Broker Name: | Forex Capital Trading Pty Ltd. |
| Broker Type: | Forex |
| Country: | Australia |
| Operating since year: | 2006 |
| Regulation: | ASIC, ACN119086270 |
| Address: | Level 8 499 St. Kilda Road, Melbourne, VIC 3004, Australia |
| Broker status: | Regulated |
| Customer Service | |
| Phone: | +44-870-8200087 |
| Email: | info@forexct.com |
| Languages: | English, Chinese |
| Availability: | GMT+3 |
| Trading | |
| Trading Platforms: | WebPROfit and MetaTrader 4 |
| Demo Account: | Yes |
| Mobile trading: | Yes |
| Web based trading: | Yes |
| Other trading instruments: | currency pairs and CFDs |
| Account | |
| Minimum deposit ($) | $100 |
| Maximal leverage (1:?) | 1:400 |
| Spread | Fixed |
| Platform Review | |
NOTICE: Broker seems not to be active right now.
Review Contents:
- Introduction to ForexCR Review;
- Trading accounts at ForexCT;
- Trading Elements;
- Recent news about ForexCT;
- Additional Information;
- ForexCT Review Conclusion.
Intoduction: Shady Activity in the Recent Past
ForexCT is an Australian Forex broker established in 2006 in Melbourne and based on Forex and cfd trading. They were created by a group of experienced traders to give the best experience to their clients. Due to their experience of over 10 years in the industry, they managed to create a solid reputation for themselves until recently.
This ForexCT review will discuss all you need to know about the broker before you sign up with them. Please make sure to read the full review to see why they might not be worth your time.
Trading Accounts at ForexCT
Unfortunately, ForexCT offers only two types of accounts to their users: demo and live. The demo account would not actually count as a trading account either since there is no real activity going on there. So technically if you wish to trade you will only have one option at ForexCT.
The minimum deposit for the live account is $500 AUD, with a minimum trade size of 0.1 and maximum leverage of 1:400. The deposit is quite high and there are no other options on the platform. Traders have to invest a solid amount upon registration. The broker offers fixed spreads and one spread is equal to 2 pips. The platforms are MT4 and PROfit.
The live account does not offer any special conditions for the trading tools. The minimum trade size is average for the industry. The maximum leverage is not too outstanding as well. The spread is quite high which is not a very positive sign, though we have come across even higher pips with other brokers.
The platforms are basic and do not have anything special to offer. MT4 does not have a NexGen option, so there are no real advantages for the trading accounts on ForexCT.
Trading Elements at ForexCT
ForexCT only offers two kinds of financial instruments to the traders: Forex and CFDs. This is a very limiting list. Though, they have a good selection of currency pairs.
If you are looking for a broad range of trading elements, this is not the broker for you. You will not gain access to stocks or indices, and only to a handful of CFDs as well.
Trading Conditions
As briefly discussed above, the trading conditions at ForexCT are not very special. The minimum deposit is high, the spread is quite large but at least they change no extra commission for the trade.
The leverage of 1:400 is quite high, though also average for the industry. Higher leverage means a higher amount of risk in investments.
Trading platforms available
ForexCT provides traders with a range of flexible trading platforms to cater to their individual preferences. These platforms include ForexCT PROfit, MT4, Mirror Trader, and ForexCT Mobile. With these options available, traders can select the platform that best suits their needs and trading style.
The MT4 is a basic platform in the field. Though it has a lot of good tools to work with, such as EA and back-testing, it is still not very impressive. This platform is also not available on mobile or desktop for download at ForexCT.
PROfit platform available for download
Traders can download the PROfit platform on mobile and desktop and use it on the web as well. PROfit is an in-house platform of ForexCT, which might seem impressive.
The reality is that the platform is very simple, though equipped with the necessary tools and features. Navigating on the platform is a little confusing as it takes a while to find charts, news, updates, calendars, and more.
Security of Funds, Regulations, and Licenses
ForexCT makes it easy for clients to find their regulations and safeguard information. In the “About Us” page you can read their promise of safety and security.
They guarantee the safeguarding of personal funds, expert one-on-one guidance, and account managers. ForexCT has segregated accounts so they can keep the company money separate from the traders’. This is definitely a positive point.
However, ForexCT mentions nothing about having SSL-encrypted servers. That makes us wonder if hackers can easily get in and steal personal or financial information from traders.
ForexCT is regulated by ASIC, the Australian Securities, and Investments Commission and holds its license.
They linked their license number and link to their page, so that helps build confidence in the broker. According to their website, client money is not used for hedging as it is against the ASIC laws.
Deposit and Withdrawal
Several depositing options are available at ForexCT:
- Credit & Debit Cards;
- Domestic Bank Transfer / EFT;
- BPay;
- International Telegraphic Transfer.
Recent News About ForexCT
It is unfortunate that a broker of this stature managed to get in trouble with the law. According to the recent news from March of 2019, the ASIC and Australian Federal Police raided the ForexCT office.
They were accused of harassing and pressuring their clients into losing hundreds of thousands of Australian dollars. As we are all aware, that is against the regulations.
Also, early in June 2020, ASIC found that the company’s business model disregarded key obligations of an AFS licensee. So, it had to cancel brokers AFS license. But, before incline will be canceled on 31st of July 2020, ForexCT may address dispute resolution scheme.
Also their website indicates that they are not accepting new customers now.
Additional Information About ForexCT
The website design is basic. We noticed some very low-quality images uploaded to the website, which were not very pleasing to the eye. However, there you can find quite a large amount of information about the company. Also, it is easy to navigate.
The website does not seem to be available in any other language but English, which is very limiting to the worldwide clientele. Moreover, they offer educational content for beginners.
ForexCT is available on social media on platforms such as Facebook, Twitter, and Youtube. Though most of their activity ended in early 2018.
Though no broker is required to be active on social media when you create a platform it is important to stay dedicated. Neglecting these accounts only created more speculation regarding their sense of responsibility.
Customer Support
The customer service at Forex CT is a viable 24/5. They provide English and Chinese support. On their “Contact Us” page you will find several numbers and emails for the customer service. Though, there is no live chat available on the website. In this day and age, it is important for users to have access to instant replies for any of their concerns.
Since ForexCT did not think that easy solutions have to be a part of their services, we can’t say that their customer support is great. It is below average for the industry.
Payment options at ForexCT
ForexCT provides a handy amount of payment options. They have a whole page dedicated to explaining what they do and do not accept. For their credit card options, you can use Visa, MasterCard or JCB. Though keep in mind that there are some deposit limitations, such as:
- Deposits are accepted in base currency or USD
- Other currency deposits will be converted at the spot exchange rate
- Third party transfers are not accepted
- Depositing limit is $10,000 tops.
For their domestic bank transfers, they only accept USD and require you to provide full account information. The funds take 2-3 business days to appear on the account, which is quite slow. BPay is available for Australian customers.
They also accept international transfers, but they convert them to AUD or USD at the spot exchange rate. It also takes 2-3 business days for the funds to show, and they require all account information possible.
Deposits and Withdrawals
Depositing and withdrawing options are very important criteria for broker selection. In this ForexCT.com review, we will provide information about problems originated when withdrawing funds with this broker.
Withdrawal methods are similar to deposits, but they take longer up to 5 business days if needed. This is a very slow transaction and is another disadvantage of ForexCT.
One of the victims of ForexCT came out to tell his story. A 73-year old man lost $120,000 overnight due to harassment from ForexCT. Their representatives kept calling the man on a daily basis, several times a day, urging him to deposit more money into his account. In total, he invested $270,000 and only managed to withdraw some before he lost everything he had.
What does ASIC regulations forbid?
According to the ASIC regulations, no broker is not allowed to harass and force a client to deposit and trade. This is one of the first things the regulation teaches, so without a doubt ForexCT was aware of what they were doing.
The Australian government froze ForexCT’s bank accounts and forbid the director, Shlomi Yoshai from leaving the country. There have been no official updates regarding the raid since then. This piece of news definitely puts a huge X over the company for us.
We urge our readers to research as much as possible about a broker before they get involved. That is why we started compiling broker reviews. We want you to avoid being scammed or forced into trading. We will still continue to discuss the broker in this ForexCT review, but be aware of their recent activity.
ForexCT Review Conclusion — Risky Business and Shady Activities
We do not recommend you to sign up with this broker. They have had some shady activity in the near past. That only makes you wonder what else they have done that we do not know. There is not much to ForexCT that makes them stand out among their competitors. The disadvantages are quite large.
Though they are supposed to be regulated they have no issue with breaking the law. They took advantage of an old man in Australia without remorse, and have not even commented on their activities since.
Key Takeaways
- ForexCT, a financial services provider, offers high leverage to its customers. However, it is important to note that ForexCT has been implicated in engaging in systemic unconscionable practices. The sole director of the company has been accused of misleading and untrustworthy behavior.
- Considering the aforementioned concerns, we strongly advise against signing up with ForexCT. Their reputation is tarnished, and they do not offer any notable advantages. It is crucial to exercise caution and make an informed decision. We recommend reading this ForexCT Review thoroughly, paying close attention to the risks involved before proceeding.
- It is worth noting that ForexCT is currently facing legal action in federal court for their alleged misconduct. The charges against them include offering excessive leverage offered and participating in unconscionable practices on a large scale. The potential consequences of these actions could result in severe financial penalties, possibly amounting to $20 million.
- If you have had prior experience with ForexCT, we encourage you to share your insights with us and other visitors. By doing so, you can contribute to creating a more transparent and reliable environment for potential investors.
- To protect your funds and avoid unnecessary losses, we strongly advise against registering on the ForexCT website. Keep in mind that there are no guaranteed stop-loss protections in place. For more detailed information, we recommend visiting the official forexct.com review. Wishing you the best of luck in your investment endeavors.
ForexCT Review
Name: ForexCT
Description: ForexCT is an Australian Forex broker established in 2006 in Melbourne. They were created by a group of experienced traders to give the best experience to their clients. Over 10 years they have a solid reputation in the industry.
Overall
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Support
(3.5)
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Platform
(4)
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Spread
(4)
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Trading Instrument
(4)
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Bad brokers
The moment we started making a profit, services began to become worse especially when we asked for withdrawal. They gave me a hard time.
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Technical problem
There are so many technical errors and glitches on their trading platform. I have used their platform for quite some time and the problem is never resolved.
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Scam tycoons
Better think twice and do not deal with this broker. They are one of the scam tycoons in the industry.
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Poor trading signals
Do not deal with them. Their signals aren’t helpful at all.
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Missing withdrawals
I have issued withdrawal issues with this broker. I have been waiting for a few weeks now but my case is still under investigation.
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Huge charges
There are so many surprising charges that pops up when you start requesting for withdrawals. I paid more than what I gained.
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Dissatisfied with this broker service
I am dissatisfied with these forex broker services, they seem very greedy. They would always call asking for more money I am willing to invest but I can’t see good returns.
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Worst broker company
The worst broker company. They are not efficient and are very unprofessional.
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Do not trust
Do not trust them. Bad broker services.
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Do not pay profit
Do not pay a profit. Do not deal with these bad people.
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Not my ideal broker
Not my ideal broker, they are not available almost all of the time. I always had a hard time them for help.
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Scammers
Do not trust them. They are scammers.
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Extremely worst
Extremely worst. Avoid this broker company.
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Frustrating withdrawal process
I am so frustrated with their withdrawal process. I was asked to provide documents but they still denied my request.
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Scammers
Scammers of all time with good skills in manipulating minds. Let us report these scammers to the police.
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Liars
Liars. They will do all ways to secure your bank account. Had promise so many good things but they ran away with my money instead.
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Unreliable signals
Not a good trading broker. Signals are very unreliable.
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Poor tools
Poor trading tools. I always have to face technical issues.
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Do not deal with this broer, I have lost a lot of money
Be careful in chosing the right forex broker partner, make sure not to deal with this broker service. I have lost a lot of money on this forex broker,services aren’t good at all.
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Scammers
Do not trust them. They are scammers.
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Far from reality.
False profit projection. It is too good to be true, very far from reality.
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Bad customer service
Bad customer service. The intonation of the representatives over the phone is sarcastic and rude.
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Do not pay profit
Do not pay profit. Do not deal with thnese bad people.
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Beware
They steal money from people. Beware with this company.
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So much losses
Not worth trading with. I had so much losses.
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Poor support
Support gives canned answers and seems unaware of what they need to do. Poor support.
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Poor tools
Poor trading tools. I always have to face technical issues.
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Poor customer service
Poor customer service. They do not communicate well.
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Poor broker
Poor broker performance. They are not good at all.
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Delayed withdrawals
Delayed withdrawals and poor customer service. It is very unusual to take a few weeks to process withdrawals while others can process them in a few days.
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Do not deal with them
Do not deal with them, they do not give payouts. I was given the runaround when I requested to withdraw money.
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Do not pay profit
Do not pay profit. Do not deal with these bad people.
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Do not pay profit
Do not pay a profit. Do not deal with these bad people.
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Not my ideal broker
Not my ideal broker, they are not available almost all of the time. I always had a hard time them for help.
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Scammers
I was scammed by this broker. I am unable to withdraw.
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Not profitable
Not profitable trading with. I felt like I have just wasted my time.
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Slow withdrawals
Slow withdrawals are really very annoying.
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Poor trading company
Poor trading company. Do not deal with them.
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Por services
Poor services. They do not process withdrawals.
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Do not pay profit
Do not pay a profit. Do not deal with these bad people.
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Poor customer service
Poor customer service. They do not communicate well.
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Worst company
Worst company. Do not invest money here, they are very unprofessional.
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Not a good broker
Not a good trading broker to deal with. Withdrawal is very slow and signals are not that good.
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Do not deal with them
Do not deal with them. Save your money from these scammers.
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Poor broker performance
I was able to observe some good points but there are more bad points that made me decide to close my trading account.
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Stay away
Stay away from them. They are scammers and will surely take all your money.
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Do not believe
Do not believe their lies. They are just trying to fool people.
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Huge charges
There are so many surprising charges that pop up when you start requesting withdrawals. I paid more than what I gained.
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Do not believe
Do not believe their lies. They are just trying to fool people.
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Not profitable
Regulated forex brokers but not so profitable brokers. I am not happy with my trading outcome.
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Worst
Extremely worst. Do not invest here.
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Huge slippage
Huge slippage and very pricey instruments. Not worth my money and time.
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Do not trade here
I lost a lot of money on this. Do not trade with them.
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Worst broker company
The worst broker company. They are not efficient and are very unprofessional.
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Ineffective broker
Ineffective trading signals and service. Not a good idea to trade with them.
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Slow withdrawals
Slow withdrawals. I am so annoyed with their long process of withdrawals.
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Do not believe
Do not believe their lies. They are just trying to fool people.
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Poor forex broker
Do not trade with this broker. They are not good at all.
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Do not deal with this broker, I have lost a lot of money
Be careful in choosing the right forex broker partner, make sure not to deal with this broker service. I have lost a lot of money on this forex broker, services aren’t good at all.
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Poor tools
Poor trading tools. I always have to face technical issues.
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Total scam
They are a total scam with no customer support.
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Do not waste your money
Do not waste your money on this broker service. They will not do you any good but will just let you lose all that you’ve got.
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Lose money here
I thought this company could help me make money but I was wrong. I lose all my money instead.
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Scammers
Do not trust them. They are scammers.
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Poor trading tools
I stop trading with this broker because signals are poor and tools always have glitches.
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Do not pay profit
They do not pay a profit. They usually ask so many documents that are very difficult to provide in order to deny withdrawals.
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Do not deal with this broker
Be careful in choosing the right forex broker partner, make sure not to deal with this broker service. I have lost a lot of money on this forex broker, services aren’t good at all.
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Incompetent customer service
Incompetent customer service. They seen not knowledgeable enough to assist customers with their trading concerns.
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Terrible
Terrible customer service and brokers are not skilled enough to execute good account handling.
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Do not trust
Do not trust them. Bad broker services.
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Worst signals
I will not recommend this broker company to anyone. Signals are really worst, it brings so many losses.
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Unreliable
Not a good trading broker. Signals are very unreliable.
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Bad customer service
Bad customer service. The intonation of the representatives over the phone is sarcastic and rude.
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Poor customer service
Poor customer service. They do not communicate well.
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Poor support
Support gives canned answers and seems unaware of what they need to do. Poor support.
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Unreliable
Extremely unreliable company. They had so many suspicious practices.
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Terrible
Terrible customer service and brokers are not skilled enough to execute good account handling.
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Poor customer service
Poor customer service. They can not even communicate well.
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Poor services
Poor services. They can not even give me good trading advise.
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Not my ideal broker
Not my ideal broker, they are not available almost all of the time. I always had a hard time with them for help.
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Far from reality.
False profit projection. It is too good to be true, very far from reality.
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Bad brokers
The moment we started making a profit, services began to become worst especially when we ask for a withdrawal. They gave me hard time.
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Worst trading platform
I wonder if his broker has resolved the technical problem with their software. I have dealt with it last year and I quit due to platform issues.
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Do not believe
Do not believe their lies. They are just trying to fool people.
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Disappointed with services
Totally disappointed with the services. Withdrawal is very slow and signals are unreliable.
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Do not invest
It is not a good idea to invest money in this kind of industry. More losses to expect.
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Unreliable
Extremely unreliable company. They had so many suspicious practices.
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Poor trading signals
Do not deal with them. Their signals aren’t helpful at all.
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Missing withdrawals
I have missing withdrawals issues with this broker. I have been waiting for a few weeks now but my case is still under investigation.
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Can not withdraw profit
I end up closing my account without getting anything. They gave me run around, I can not withdraw profit.
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Dissatisfied with this broker service
I am dissatisfied with this forex broker’s services, they seem very greedy. They would always call asking for more money I am willing to invest but I can’t see good returns.
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Do not deal with this broker
I have spent so much money and time on this but I did not get anything in return. Bad broker service. Do not deal with this broker.
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Ineffective broker
Ineffective trading signals and service. Not a good idea to trade with them.
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Bad broker
Bad trading brokers. They keep on squeezing money from me.
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Took all my money
Cruel people. They’ve left me nothing but financial problems. They took all my money away.
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Unreliable signals
Not a good trading broker. Signals are very unreliable.
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Poor customer service
Poor customer service. They do not communicate well and they’ve got poor comprehension. I always have to repeat myself a few times and end up not being misunderstood.
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Took all my money
Cruel people. They’ve left me nothing but financial problems. They took all my money away.
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Slow withdrawals
I am not trading with this broker again. The withdrawal is really very slow.
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Useless services
Useless trading services. I honestly felt like it is better to trade on my own than use their services. By the way, I have lost so much money on this.
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Fraud
Fraud broker company. They are fake so do not deal with them.
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Poor tools
Poor trading tools. I always have to face technical issues.
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Not my ideal broker
Not my ideal broker, they are not available almost all of the time. I always had a hard time them for help.
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Worst trading tools
Worst trading tools I have ever used. Has so many lags and glitches.
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So much losses
Not worth trading with. I had so many losses.
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Poor trading broker
I’ve got no good reason to keep the services not to recommend them. Signals are not even good and tools are so faulty.
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Poor customer service
Poor customer service. They do not communicate well.
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Worst
Good at the start. But is getting worst later on.
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Fake and unregulated
Runaway from this broker. They are fake and unregulated.
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Bad customer service
Bad customer service. They are rude and very manipulating.
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Very deceitful
Very deceitful. They talk very well as if they are professional brokers but in the end, you will end up losing more money.
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Inaccurate signals
This for me is the worst broker for online trading. Signals are not even accurate.
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Worst
Good at the start. But is getting worst later on.
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Worst signals
Worst signals I have ever used in trading. I incur huge losses.
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Poor customer service
Annoying customer service. They seem to be clueless about their job.
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Worst services
Extremely worst services. Not recommended.
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Inefficient broker
I do not recommend trading with this broker. Very inefficient.
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Bad trading company
Bad trading company. They promise too much but never fulfill promises.
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Poor signals
One of the worst trading brokers I have traded with. Do not trust their signals.
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Rude
They are very rude to me when I started asking to withdraw my profit. I do not suggest dealing with this broker.
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Worst broker company
One of the worst trading companies I have ever dealt with. They do not pay a profit.
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Poor services
I can not depend on them as my trading broker. Services are not good at all.
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Not a skilled broker
Avoid dealing with this broker. They are not skilled in the forex market.
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Unreliable signals
Not a good trading broker. Signals are very unreliable.
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Poor tyrading tools
Poor trading tools. I always came across technical problems affecting my trades.
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Huge slippage
Huge slippage and very pricey instruments. Not worth my money and time.
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Unprofitable
Not a good broker for forex trading. Although services are quite okay, I am not happy with my trading profit.
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Drastic price increase
They increase prices drastically. I am so frustrated with this broker.
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Scammers
Scammers. Beware, do not deal with them.
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Do not invest
Do not invest money here. You will never get any returns.
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Consecutive losses
They treat me real nice but there is one thing that’s bothering me, I get consecutive losses. I guess it is more practical to just stop this. Maybe trading is not for me or they are not a good trading partner.
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So much losses
Not worth trading with. I had so many losses.
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Can not withdraw profit
I end up closing my account without getting anything. They gave me the runaround, I can not withdraw profit.
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Unreliable
Unreliable trading signals and services. Do not trade with them.
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Not a good broker
Not a good trading broker to deal with. Withdrawal is very slow and signals are not that good.
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Slow withdrawals
Slow withdrawals. So upsetting.
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Worst broker service
The worst broker services I have experienced. Slow withdrawals, slow customer service, and poor trading platform.
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Poor signals
Customer service is good but signals are not poor and so I had to switch to a different broker.
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So much losses
Not worth trading with. I had so many losses.
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Useless services
Useless trading services. I honestly felt like it is better to trade on my own than use their services. An, by the way, I have lost so much money on this.
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So much losses
Not worth trading with. I had so many losses.
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Worst signals
Worst signals I have ever used in trading. I incur huge losses.
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Poor signals
Against the market movement trading signals. I do not recommend trading with them.
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So much losses
Not worth trading with. I had so many losses.
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Beware of these people
The test account is way different from the actual trading. As if their test account was designed that way( showing great results) to trap people deposit more money. Once you will be able to open a live account with them, you will understand what I mean. Not an ideal broker, very dishonest.
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So much losses
Not worth trading with. I had so many losses.
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Not good
Not quite good. Withdrawal is very slow and customer service as well is slow.
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Slow withdrawals
Slow withdrawals. Annoying to wait and don’t know until when.
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So much losses
Not worth trading with. I had so many losses.
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Avoid them
The worst broker company I have ever seen. Avoid dealing with them.
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Poor services
Poor trading services I have ever used. I lose so much money on this.
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So much losses
Not worth trading with. I had so many losses.
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Poor customer service
Poor customer service. They seem clueless about their job.
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Irresponsible brokers
Irresponsible brokers. They did not attend to my trading needs which causes me great losses.
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Worst withdrawal process
Poor customer service and the worst withdrawal process I have ever observed.
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Bad customer service
Bad customer service. They are rude and very manipulating.
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Worst signals
Worst signals I have ever used in trading. I incur huge losses.
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So much losses
Not worth trading with. I had so many losses.
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Poor trading tools
Poor trading tools. I always encounter technical errors and glitches.
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Worst
Good at the start. But is getting worst later on.
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Harassing
Harassing brokers. They keep on calling asking for personal and financial information.
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Delayed withdrawals
Delayed withdrawal process. I keep on waiting.
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Bad people
Bad people. Make sure not to deal with them.
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Poor customer service
Poor customer service. Unable to assist, cannot even communicate well.
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Terrible business
This is a terrible business. They earn by collecting money and making people believe they lost in a trade.
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Not a skilled broker
Do not open an account with this broker. They are not skilled to help you get a profit.
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Fake brokers
They have their own website and have their own market movements..all of these are unreal. Stay away from these fake brokers.
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Poor services
Poor services and bad behavior people. I will not trade with this broker again, and will never recommend them to anyone.
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Poor services
They are just after our hard earned money. Poor services.
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Long withdrawal process
I love their fast execution and great customer service. But I am so disappointed with a very long withdrawal process.
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Great delays in responses
Great delays in answering emails and chats. Funny, how their replies are sent after an issue has been resolve.
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Do not deal with them
Do not deal with them, they do not give payouts. I was given the runaround when I requested to withdraw money.
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No withdrawal process here
They never process my withdrawal. Every time I request, they will find a way to block my request. They keep on asking for more money but will never let you withdraw.
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Lost my money
I created an account and traded with them in the past but they never let me withdraw my money. I lost more than $1000. They said I need to do this and that, and all those things they say are impossible.
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Missing withdrawals
I have missing withdrawal issues with this broker. I have been waiting for a few weeks now but my case is still under investigation.
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Not recommended
I am not recommending this broker, slow withdrawals, and unreliable services. Do not deal with this broker.
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Delayed withdrawals
Delayed withdrawals and poor customer service. It is very unusual to take few weeks to process withdrawals while others can process them in few days.
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Unresponsive
I wish customer service is available all day, especially over the weekends. It is very difficult to connect to their customer service and yet their time is limited and they are very unresponsive.
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Unskilled brokers, signals not good
Not a very good forex broker. Trading conditions are okay but they do not have good signals. I almost lost everything, a good thing I was able to withdraw a few left before it’s too late.
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Not an ideal broker
There are so many surprising terms and huge trading fees. It is not an ideal forex broker.
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Inaccurate signals
Do not trade with this broker company. The signals are not accurate.
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Difficult to withdraw
Do not trade with this broker company. They always give hard time on withdrawals.
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Poor customer service
Poor customer service. They always ignore all my trading concerns.
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Worst trading services
Worst trading services. I will never recommend this broker company.
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Worst broker
The worst broker I have ever worked with.
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Slow withdrawals
Slow withdrawals. Do not trade with them.
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Poor trading advice
It is not a good choice of broker. I have traded with them and have lost so much money. Poor trading advice.
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Troublesome withdrawals
There are so many terms to meet and so many requirements to provide. Troublesome withdrawals.
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Lose huge money here
I notice that all people with huge funds end up losing. I and my friend lose huge money here.
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Poor services
Poor broker service. Do not trade with them.
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Ridiculous offers
Ridiculous offers. They will let you deposit a small amount but won’t let you trade. You will end up adding more in order to start trading.
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Do not permit withdrawals
They always reject my withdrawal request asking me to place for more trades.
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scam company
The worst experience ever. Lost all of my money, platform is awkward
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Poor services
Poor services. I am not trading with them again.
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Poor customer service
Customer service is multi-lingual and no problem with translation however they are very very rude and unhelpful. Really one of the worst I have ever seen.
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Worst platform
The worst trading platform. I get so many technical errors that greatly affect my trades.
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Bad services
Bad services. Very slow withdrawals and requirements are so difficult to provide.
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Worst services
Worst services, do not deal with this broker. They are always unavailable to assist, I end up trading on my own.
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Avoid this broker
Poor customer service and the worst trading platform I have ever use. Try someone else, avoid this broker.
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Slow withdrawals
Slow withdrawals and poor services. No good reason to keep their services.
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Worst withdrawals
The worst withdrawal experience I ever had. Countless follow-ups and tons of requirements before getting my profit.
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Worst broker signals
Worst forex broker signals. I got so many losses when I traded with them. Not an ideal forex broker.
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Poor broker performance
Poor broker performance. They can’t even give good trading advice. I have lost money a few months ago.
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Slow withdrawals
Slow withdrawals. I never wish to trade with this broker ever again. They will give you so much trouble with withdrawals.
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Bad brokers
I have traded with them only for a few weeks because I have noticed a huge slippage. And also withdrawal is very slow. I immediately close my trading account.
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Poor customer service
Poor customer service. They don’t even care about urgent matters, very unresponsive.
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Slow withdrawals
Very slow withdrawals, crazy documents to submit so withdrawal gets approved.
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Poor services
Poor broker service. never trade with this.
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Long wait for withdrawals
The very long wait for the withdrawal process. It is very annoying and frustrating to have an endless wait.
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This broker is extracting money from people
Seems like this company is just extracting money. I have open an account and I was asked to add more which I did but I noticed they keep on asking for me to deposit more but I keep on losing.
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Annoying customer service
Very rude customer service. I called to ask for help on their confusing platform, they place me on hold. I’ve waited long enough but no one went back to help me so I have to drop and call them back again. So annoying.
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Unprofessional
Unprofessional and rude. I am not going to trade with them again.
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So much losses
Not worth trading with. I had so many losses.
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Bad customer service
Bad customer service. They are rude and very manipulative.
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Slow customer service
Slow customer service. Very frustrating withdrawal process I may say.
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Bad services
Bad services. Trade with other brokers, avoid this one.
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Bad services
Bad services. I have just wasted my time trading with this broker. I never gain anything but have lost so much instead.
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Bad brokers
Bad brokers. They are very arrogant and do not pay attention to client concerns.
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Delayed withdrawals
Delayed withdrawal process. I keep on waiting.
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Bad brokers
Bad trading broker. They always call-forcing deposits.
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Worst broker
One of the worst broker in terms of signals. Always brings more losses.
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Poor trading advice
Poor trading advice. I have followed each and every instruction from them but I still lose so much money.
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Not recommended
Worst trading experience I ever had. Not recommended.
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Arrogant brokers
Arrogant brokers. They always ask me to wait even on matters that need immediate attention.
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Worst company
The worst company I have ever worked with. Customer service is slow and so is the withdrawal process.
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Not good
I am not going to recommend this trading broker. They are not good at all.
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Poor trading platform
The trading platform is freezing and there are so many problems with their software. Not an ideal broker company.
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Slow withdrawals
They process withdrawals real slow. I am unhappy with all of their services.
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Slow withdrawals
Slow withdrawals. I am not going to recommend them.
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Poor signals
Not an ideal forex broker to trade with. Poor signals.
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Poor services
Poor trading services. They do not approve withdrawal requests and they ignore my queries about it.
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Cannot withdraw profit
I end up closing my account without getting anything. They gave me run around, I cannot withdraw profit.
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Poor trading tools
Poor trading tools. So many technical problems.
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Do not deal
Do not deal with them. They’ve got the worst withdrawal process.
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Poor trading signals
I have recently traded with this broker and I immediately closed my account due to losses. Poor trading signals.
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Not an ideal broker
Do not deal with this broker company. They are not ideal forex broker.
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Unreliable signals
Extremely worst trading signals. They are not reliable at all.
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Questionable results
Questionable trading results. There is quite a big difference compared to other brokers.
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Poor trading platform
Poor trading platform. There are so many technical problems.
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Poor trading tools
Poor trading tools. I always encounter technical errors and glitches.
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Rude customer service
Rude customer service. I feel humiliated every time I call.
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Poor trading platform
I find their trading platform very confusing and not ideal to use for online trading. It has so many technical problems and glitches.
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Consecutive losses
They treat me real nice but there is one thing that’s bothering me, I get consecutive losses. I guess it is more practical to just stop this. Maybe trading is not for me or they are not a good trading partner.
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Lose huge money
Refused to return balance funds, despite many follow up calls. I lose huge money here and is just getting what was left on my trading account but they ignore all my requests, messages, and even phone calls.
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Worst signals
Worst signals I have ever used in trading. I incur huge losses.
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Unprofitable signals
Poor and unprofitable signals. Always against the market movement.
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Poor trading tools
Poor trading systems and tools. I always encounter system issues and glitches.
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Ignore withdrawal request
Ignoring my withdrawal request for over a month now. As if they don’t want to pay a profit.
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Have lost money here
I regret dealing with this broker. I have lost so much money here.
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Beware of these people
The test account is way different from the actual trading. As if their test account designed that way( showing great result) to trap people to deposit more money. Once you will be able to open a live account with them, you will understand what I mean. Not an ideal broker, very dishonest.
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Will never recommend
They are very unresp[onsive and customer services are arrogant. I will never recommend them.
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Impossible withdrawals
Almost impossible to withdraw profit. They will adjust policies to freeze withdrawals.
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Worst trading software
I encounter latencies on their trading software. I reported but they never pay attention to trading concerns such as this.
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Avoid this broker
Avoid joining this broker by all means. They will keep on collecting money but will never let you withdraw anything. Poor and unworthy services.
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Worst broker
Worst broker among the ones I have tried. Slow withdrawals and poor support.
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Poor broker performance
The overall performance of this broker is not good. They have happy people but I am not happy with my profit.
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Huge fees
Do not trade with this broker, they are great cheaters. Will charge you with so many fees you can imagine.
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Delayed withdrawals
Delayed withdrawals and poor customer service. It is very unusual to take a few weeks to process withdrawals while others can process it in a few days.
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Not good
Below-average performance. Not that worst but it was never good. I have lost money here.
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Slow customer service
Slow customer service. There is a great delay in email and chat replies. Due to late responses some times I even get losing trades.
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Poor customer service
Poor customer service. They can not resolve trading concerns and are very unresponsive to messages.
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Not good
Not quite good. Withdrawal is very slow and customer service as well is slow.
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Worst customer service
The worst customer service I have ever talked to. They can not communicate well, poor English.
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Huge charges
There are so many surprising charges that pop up when you start requesting withdrawals. I paid more than what I gain.
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Worst broker
Worst broker for forex trading brokers I have ever traded with. I can not depend on the services and withdrawals are always delayed.
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Poor broker
Poor trading conditions and slow withdrawals. Services aren’t good too.
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Do not deal
They’ve neglected my withdrawal request, they never attend to it. It has been a few weeks now I am still unable to get my money. Do not deal with them.
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Worst platform
Worst forex platform. I can not tolerate the lags and glitches causing trouble in trading.
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Do not deal
Do not deal with this broker, they have huge slippage. It gets bigger as I trade along. I also notice a drastic price increase.
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Useless services
Useless trading services. I honestly felt like it is better to trade on my own than use their services. And, by the way, I have lost so much money on this.
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Difficult to withdraw
Difficult to request for withdrawal. They have given me so much headache. I will never recommend this broker.
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Unable to get money
I was not able to get any money here. They never allow withdrawal, they will ask you to trade some more in order to be able to withdraw. And once you did, surely they will take all your money.
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Unreliable
I traded with this and lost everything. Unreliable and dishonest broker.
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Worst trading platform
Worst trading platform. It keeps on having system errors. I have been complaining about it but they are not even fixing it.
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Do not trust this broker
Do not trust this broker service. I have noticed some price difference from other brokers and huge slippage as well. As if something wrong is going on.
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Rude customer service
Rude and arrogant customer service. I’ve always wanted to file a complaint against them, can’t just find the right channel for my complaint. I was not able to withdraw anything and they are very rude to me every time I ask for help.
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Incompetent customer service
Customer service is very unreliable. Aside from their commitments not met, they are very incompetent in providing resolution.
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Poor broker service
They act up late on urgent matters even if I called and reported it to customer service. I also notice latency on execution and signals are poor. Those things are so much important in trading, so I will have to switch the broker.
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Poor broker services
Difficult to get through customer service. I have a dedicated account manager but can’t also call them, always unavailable.
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Bad customer service
I have worked with in the past. Queueing customer service hotline is the only thing I had the trouble of, I can contact them via chat anyway so it’s fine with me.
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Poor broker company
Poor broker company. The services are not good at all. I have experience trading with them for a couple of months and close my account because I have lost so much money.
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Do not deal with them
This broker won’t let you take your profit. Profits are just displayed to convince you in adding more money. So beware, do not deal with them.
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Slow withdrawals
Good customer service, friendly at nice. I am just a bit frustrated about their withdrawals, it is taking so much time.
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Poor trading results
It appears to me that broker signals are just mere speculation of what will be in the market. It shows their poor trading results.
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Poor brokers
Good at first few weeks but my worst nightmare moving on. At first, I saw some potential got some profit on my initial investment. However, later on, I started getting losses and it is becoming bigger eventually and so I close my trading account.
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Confusing trading platform
Confusing trading platform. I am having a hard time understanding the forex platform and I encounter so many glitches.
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Poor services
Customer service and the brokers have a very poor attitude towards customers. This makes me move out of their company. I used to trade with them but not anymore.
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Extremely worthless
Extremely worthless broker service. Do not trade with them, they will only bring nothing but losses unto your trading account.
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Disrespectful brokers
Not a decent broker service. They will bug you with so many marketing phone calls and promotional emails. Disrespectful brokers.
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Not recommended
I am not recommending this broker, slow withdrawals and unreliable services. Do not deal with this broker.
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Slow customer service
Slow and rude customer service. Very bad services as well. Withdrawal is very slow.
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Lost huge money
Be careful in dealing with this broker, they do not allow withdrawals. I am once a victim of their trading and have lost huge money.
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Slow withdrawals
Performance is never impressive nor good. I am not recommending them. Poor signals and slow withdrawals and most of the services are not good.
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Lost my money
I created an account and traded with them in the past but they never let me withdraw my money. I lost more than $1000. They said I need to do this and that, and all those things they say are impossible.
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Do not join this broker
Do not join this broker service. I have so much regretted using their services. I have noticed that they only let me win for the first time to convince me to add more money but eventually, they let me lose all. I felt like they are fake brokers and the trading they have is not real.
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Very slow withdrawal
These broker services are just fair. Sometimes signals are accurate sometimes not. Customer service is friendly and eager to help. But sad to say withdrawal is very slow.
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Slow withdrawals
Slow withdrawals. Not a good broker for forex. I had so much trouble requesting my money.
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Lost so much money on this
I advise everyone to take the time to read reviews prior to trading. I have traded with this broker and have lost so much money.
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Stay away from them
They promise so much upon registration but will give bad results. Stay away from this.
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Not satisfied
Trading conditions are not as good as it seems. They say one thing on account activation but experience totally different things on actual trading. I am not satisfied.
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Poor customer service
Not good customer service at all. they would put you on a never-ending hold and will promise callback but no one would ring at all.
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Expensive and poor services
Very expensive initial to trade with, I thought the services, system, and products are okay since it is a bit pricey, but hell no. Signals are not so accurate and there is a great delay in execution.
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Bad brokers
Very bad broker service. Rude and unhelpful staff.
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Poor services
Poor broker service, signals are not reliable and customer service is rude.
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Inefficient broker
Do not deal with this broker service. Services are not efficient and effective to gain good profit.
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Not profitable
Not profitable. I have dealt with this broker but I immediately closed my account cause I got consecutive losses.
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Low quality signals
This isn’t a good forex broker, I have traded with them for over a month and signals are of low quality.
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Stay away from this broker
Stay away from this forex broker.They are not worthy to be trusted for forex trading.
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Worst company
Worst company I have ever dealt with in forex trading. Very long withdrawal process and there are so many requirements to provide.
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Unsolicited calls
Since I started activating a trading account with this broker, I got so many solicited calls and they flood me with so many marketing emails.
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Great delays in responses
Great delays in answering emails and chats. Funny, how their replies are sent after the issue has been resolved.
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Not recommended
“Not recommended forex broker services. Trading signals are not profitable and customer services are not attentive to client needs.”
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Frustrated with withdrawal process
I am frustrated with the withdrawal process which is really very long. I am glad that customer service is accommodating and did help me track where my money is.
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Ineffective
Ineffective market analysis and broker signals. I ain’t got anything aside from losses.
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Poor services
Poor quality of service. All my trading results during those 4 months of trading with them are undesirable.
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Not good trading results
I am comfortable trading with this broker customer service are approachable. However, the results are not really that good.
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Bad brokers
After I open a trading account with this broker, they ask me to trade constantly and charge fees for non-activity. Bad brokers.
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Worst withdrawal process
Worst withdrawal process. I asked for so many documents. Signals are reliable but I am frustrated with withdrawals.
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Unhelpful and lazy
Customer service is not always available to help. They are unhelpful and lazy.
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Stay away from this broker
Stay away from this broker service, they are not worth your money and time.
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Scam broker
Do not try to trade with this broker, they will push you to get more money if not all of your money then would tell you that you lose. Unbelievable, as if they aren’t true brokers.
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Frustrating withdrawal process
Affordable trading instruments and an initial deposit is very low. However, the withdrawal process is quite frustrating.
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Slow withdrawal process
I have been waiting for my withdrawals for a couple of weeks now. I wonder why it is taking them so long to send me my profit. I am a bit skeptic about them because of this.
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Can't withdraw
I am not seeing profit but I can’t withdraw, they keep declining the request to withdraw.
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Will never trade with them again
I had a really bad experience with this forex broker. I was almost not able to withdraw my money. I will never trade with them again.
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My issue was unresolve
Bad service from customer service. I am experiencing some technical error but instead of helping me they keep on passing me from one person to another, end up not resolving my issue.
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Difficult to withdraw
I am seeing a good profit on my trading account, signals are profitable however I am having trouble requesting for withdrawal.
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Faulty trading platform
Faulty trading platform, it is always malfunctioning every time I place a trade.
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Can't withdraw profit
I can see that I am earning a good profit but I can not withdraw as if it is impossible to withdraw. They will always pinpoint policy to block withdrawal requests.
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Bad customer service
The customer service/support team is really helpless and very arrogant. They are not helpful at all.
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Signals are not relevant
Signals aren’t really relevant and not even timely. I thought they are one of the best because they have been in the industry for quite a while now but I was wrong.
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Signals are not effective
Signals are not effective. I noticed them giving signals against the market movement not only once but it happens several times.
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This broker will loss all your money
This broker will lose all your money. I suppose there is a so-called margin but I was surprised my trading account was zeroed out. Not even a single cent was left on the account.
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Worst trading platform
This broker service has the worst trading platform I have ever used. It is very complicated and has a lot of technical issues all the time.
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Extremely unhappy with long withdrawals
I am extremely unhappy with their withdrawal process. It is never normal to wait for over a week for withdrawals, I have work with other brokers in the past and it is not this long.
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Platform issues
I experience so many system lags and glitches. I always call them whenever I place trades and it’s not comfortable to trade that way.
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Not good withdrawal process
I traded with this broker in the past and what I really hate is their withdrawal process. Aside from it is really slow they will ask for so many documents.
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Warning! Do not deal with this broker
This serves as a warning for everyone not to use this broker service. I traded with them with a minimum amount and I get a really good profit. They ask me to invest more which I did cause they’ve shown me possibility but that huge amount I deposited was lost overnight.
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Disgusting customer service
I am disgusted with their customer service. They are not knowledgeable about their products and services.
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Signals aren't accurate
Not overall happy with this broker, signals aren’t that accurate. I appreciate some things like very helpful support staff and good platform though.
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Not good at all
Do not try this broker service, it is not good at all.Poor customer service and not so good signals.
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Very unhappy with unwanted calls
I keep on getting marketing calls to try to take a bonus and upgrade account offers. It’s really distracting and annoying.
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Has system issues
I have encountered system issues a few times and some delays in withdrawals. Service just fine but not too good.
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deceivers
This brokers are deceivers! All sweet promises in the beginning but once they’ve got what they’ve always wanted which is huge deposit, they will start their scam scheme. You will never have winning trades, they’re just going to ripped off your wallet.
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unprofessional and arrogant
I have trade with this Broker. They are very unprofessional and arrogant. Will force you to deposit but unresponsive on technical concerns.
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Been a trader here for almost 6 months. Got nothing bad to say about this broker. Just continue what you guys do and I expect nothing but the best
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