Company Summary
Note: FCT's official website: http://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.
