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Discuss ForexCT.com.au (Forex Capital Trading)

General discussions of a financial company
I recently opened up a live account with ForexCT with a $500 balance. However within the past week I opted to withdraw all the funds from my account. I have been in contact with them three times regarding withdrawing all the funds from my account and I am still yet to receive a bank transfer from them.
 
I opened my account with $40,000 as the broker told me he would put in $8000 if I did. Basically they seem to b trained seducers. Calling you "mate" and sending emails addressed to "The Team" but when you want something there is no, or little response. Every time I have tried to withdraw funds, I have been offered a substantial bonus if I put more funds in until recently when It was obvious that I was not going to deposit more. Then I was threatened that all those bonuses would be clawed back !!
 
I opened my account with $40,000 as the broker told me he would put in $8000 if I did. Basically they seem to b trained seducers. Calling you "mate" and sending emails addressed to "The Team" but when you want something there is no, or little response. Every time I have tried to withdraw funds, I have been offered a substantial bonus if I put more funds in until recently when It was obvious that I was not going to deposit more. Then I was threatened that all those bonuses would be clawed back !!

I went through forexct account manager role, thank god im not working there.
Just a heads up, the account managers role is not to assist you with your trades, not customer service. They have 2 jobs mainly, keep contacting you to get you to deposit as much money as possible using multiple techniques such as bonus, and lastly to stop you from withdraw your money from your forex account and delay the process as long as possible.

Account managers gets high commission based on how much you deposit based on monthly total deposit amount in their port folio, and every time someone withdraw from their account the amount gets deducted from their monthly qter, so they must delay your withdraws so it wont affect their currently qtrs.

They are not forex specialists, they are all sales people no minimal experience in trading, once they had your money they wont need to speak to you again until next month.

And I've heard account managers say things like as long as they deposit they will lose money to the market and we just get them to top up more.

That's why never join a broker who gives you bonuses, always go with a broker with no bonus offers.
 
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