ForexCT.com Review

2.491 • 12 REVIEWS
Out of business Forex Capital Trading
Updated: Apr 13, 2022
Forex CT are forex brokers. ForexCT offers the ForexCT and ForexCT Mobile forex online trading platforms. ForexCT.com offers over 10 forex pairs for your personal investment and trading options.
2019-03-21:  The Australian Federal Police are reported to have raided the offices of Forex CT in conjunction with ASIC.  CLICK HERE for details.
2019-03-21:  ASIC has obtained interim injunctions against Forex Capital Trading Pty Ltd.  The company is restrained from transferring any property, including client money, overseas.  CLICK HERE to verify.
We are told that if you are in Australia, your account should be at the .com.au website.  If you are outside of Australia, your account should be at the .com website.
The ForexCT.com.au website is the branch of the company that is registered with ASIC.

The ForexCT.com website is for the branch of the company that is registered in Vanuatu and is unregulated.

Website is down. Company seems to be out of business.
ForexCT.com
Out of business
2.491 • 12 REVIEWS

Recent User Reviews of ForexCT.com

P
pdunn
Sydney, Australia,
Aug 20, 2019,
Registered user

Too close for a coincidence

Length of use: 6-12 Months
Upon calling Forex CT for an enquiry ; I was shocked to find out that an employee (Frankie Azzopardi) who used to work at Berndale Capital works there. I didn't think Forex CT and Berndale Capital had anything in common except for that they are both based in Melbourne. However they are both under investigation from ASIC with Forex CT offices even being raided by the AFP for possible financial service breaches. Frankie Azzopardi worked for one Forex company in Melbourne under investigation than starts to work for a second company under investigation within a six month period. I'm not casting dispersion s but that is a coincidence. Secondly, whilst on the phone to a Jean Luc at Forex CT he knew my name and details upon calling ( I had never contacted Forex CT before) . I asked him how he got these details and he fed me some story that I had expressed some interest in some marketing affiliate in 2015. I said " What is the name of the marketing affiliate" . He said " cevrus" ( after about 30 seconds). I said " How do you spell that" and he said " look it up in the dictionary". Now besides being rude , I am shocked that Forex CT have my details without consent. I find it to much of a coincidence that I was a client of Berndale Capital and that Forex CT have my details and both companies are under investigation by ASIC. I am equally shocked that ASIC still allows Forex CT to operate as a business considering they had a number of clients come forward about misconduct and dishonesty and there CEO has his passport cancelled.
J
JUDY
WESTERN AUSTRALIA, Australia,
Apr 3, 2019,
Guest

BAD FOREXCT

I would like to know of other traders with forexCt who were wiped out , or lost a lot of money,at the beginning of 2019. Am having ASIC and AFCA investigate this. I see their offices were raided recently, seems as if things are not all above aboard with forexCT.
G
Guerrier
Australia,
Mar 21, 2019,
Registered user

at last someone was listening

At last someone is listening.  The AFP raided Forex CT.

https://www.abc.net.au/news/2019-03-21/retiree-loses-$270k-in-superannuation-in-risky-online-trades/10920000?section=business
D
David
Adelaide, Australia,
Jan 16, 2018,
Guest

Scam artists. Unprofessional and look to trap your funds. Beware rollover fees jacked up heavily with no notice period. Oldest trick in the book.
J
James Ray
Kingsford, NSW, 2032, Australia,
Jun 26, 2014,
Registered user

I got my full withdrawal processed on 25 June, so at least they were able to give me my money back.

2014-06-24 1Star The balance in my account has now been reduced to a nil. However, the withdrawal has taken a long time and only after many complaints and threatening to make a formal complaint. This company may still be a scammer -- be extremely cautious in dealing with them.

2014-06-22 1Star I made a withdrawal request for ForexCT on 13 June (email documentation available). After hearing about the bad reputation of ForexCT on this site I have contacted them more than three times now by phone (four times now) asking to complete my withdrawal request. The balance in my live account has not been reduced to a nil. I have proof of documentation of the bank transfer showing the amount and account number. The bank transfer details is on their website under deposit options and I have got a screenshot of this too.
W
Wilyak
Melbourne, Australia,
Feb 23, 2013,
Registered user

I have traded with ForexCT for 4 years and found them very responsive to my needs. I had to close my accoount for personal reasons and had no trouble getting a quite large amount returned.
They don't do EA's, not even semi auto which is disappointing.
A
Ant
Adelaide, Australia,
Apr 11, 2012,
Guest

I have been with ForexCT in Australia for nearly 4 years. They are reliable and my broker always has time for me. I have made multiple withdrawals with no problems whatsoever
M
manneke
middle east,
Sep 18, 2011,
Registered user

my problems with Forexct were finally resolved , took a long time but am very satisfied. fpa and ombudsman were very helpfull

2010-05-25 1Star I traded with them a few months. I made nice gains and got mails from my account manager congratulating me for my trades. made some withdrawals with no problems. Then I made big gains, every time I wanted to withdraw some money it became difficult ,had to call a few times asking why I don't get my money, after my last demand for some of my money,after a week they suddenly blocked my account, they "investigate possible irregularities" no one there is willing to give any explanation. had a lot of money in account they refuse to send anything.
T
tom
usa,
May 11, 2010,
Guest

I traded with them for few months. Everything was OK until I wanted to withdrawal my profits
They canceled all my profitable trades 12K USD scamers !!!
Beware of these guys !
M
MaXeY
Egypt,
May 1, 2010,
Registered user

This broker is a scam, i traded and made profit, then asked for withdrawal they forzen..
and they email me says all my trades will be removed