ForexCT

i been trading on and off since 2016 i have only been profit with forexCT yes they have downfalls like there matching 1K deposits but at the end of the day its the account holders to do as they wish yes i was p*ssed off with them but looking back now i turned my $500 into $3600 between april 2017 and december then lost it because i made 1K in 6 hours then lost it everything because i didnt follow rules of not chasing trades

fintrack.org deserves all the credit for exposing and recovering my investment from ForexCT – I took up the role of a higher manager in a company, leaving me with plenty of leisure time. When I was free I usually read through news and my WeChat moments. Once a lady sent me a friend request on WeChat, my first course of action was to check her moments and realized that her life was happy and of high quality. So I accepted her request and… Read more

after further acquaintance, I learned that the lady lived an affluent life. Her husband was busy all year round leaving her as a full-time housewife with some investment as her part-time job. I thought to myself: “she still deals in investment with her already affluent life, maybe it’s very beneficial. I should give it a try.” After some familiarizing on the internet, I asked if she could guide me in those investments. So she did and I put 300k into ForexCT and made some profit. Although it wasn’t great, but profit is always exhilarating. Later one day, my account manager mysteriously told me that something big was coming and it required a lot of capital but apparently, i was short on funds. After this prodding, I told him that I will transfer the 300k from my stock market account for this maneuver. After some deals under his instructions, my account reflected that i had suffered from great losses again. The account manager told me not to worry and keep on with the investment. Thus, in a few day’s time, my account with 600k initially had only 90k left. Then I grew suspicious and told my account manager I’d like to quit. On the second day, my account was frozen to which my suspicion was now confirmed so i was asked to make a formal complaint to the team at fintrack.org by sending an email to support@fintrack.org in order to unfreeze my account and withdraw the funds in it. The recovery process made it clear that my account was altered by ForexCT to display losing trades in order to convince me to deposit more. So not only did i get the 90k in my account but i got to withdraw all 600k and the little profit that was made over those series of trades. ForexCT simply manipulated my account settings but they weren't as smart as they thought or maybe i was only lucky to have had the backing of the team at fintrack.

Lost 140K in 2019 January – I lost 140K they push me so much to add more and more or else I lose everything At the end my balance $0 I went ASIC complain about the forexCT after that they gave $100K back to me but still I lost 40K

Incredible Investment Experience – I recently had phenomenal investing experience at ForexCT I have been coming here to get my money parked in CFD’s from years. I've exchanged different currencies over here and invested in shares also. The exchange rate is always very fair, even than at trusted banks. I always recommend everyone in need to invest in Forex to visit this establishment first. I will be a customer of theirs forever!

Professional and knowledgable – I have had a great experience with this company. The Account Manager has phoned me day times, explained the happenings in the world and it's effects on the markets. I have learnt so much. Yes it's my decision to choose to trade or not, but they want me to succeed and have my best interests at heart. I like there inside information and… Read more

they watch the trades, letting me know when it's a good time to trade. They have been awesome to work with as I'm a young trader.

Above average brokerage company – I've been with ForexCT for a few months now. The platform could be a little more straight forward but I really like the account manager service. My one sincerely does have my best interests in mind. I feel like a lot of these negative reviews are due to losses through their own decisions but need someone to blame so they blame their account… Read more

manager.

At the end of the day if you don't agree with the trade recommendations no one is forcing you to trade.

I will continue using ForexCT for hopefully many years to come. Keep up the good work guys

Doesn't deserve a star – Lost 8k and they keep ringing and ask me to deposit more money I to their account they provide me with loosing trade after losing trade and then account manager after account manager and all they tell you is to keep putting more money in they even try to advise me to get a 100k credit card to trade with .Stay clear of this company Scam

Scam calls don’t end – I receive their calls every week and I ask them to stop calling me every time. They don’t seem to understand that and keep calling back. There is no unsubscribe button in their emails too. I wish Australia was part of GDPR so that someone could go after them.

Horrible – I never even signed up to this company but somehow they found my email and phone number and called me stating I had signed up with them when I wasn’t even on any devices at that time.. they call me constantly trying to set me up and ask for money, and when I start to hesitate they are aggressive and pushy. Obviously scammers, have seen nothing but bad reviews too.

Despicable – Lost $670,000 in one day, 2/1/2019. The day before there was $1,032,000 in account balance, $360,000 was forexCT credit, which appears to have been withdrawn by them, but I got ZILCH. Is being looked at by ASIC/ AFCA. How many others had a similar experience??

Forxct – Hi forxct customers looks like again I have been dumped by my forxct broker I havent heard from him for three weeks now I just dont understand why [Name Removed] dump me from forxct I had no market update no vip messages no guidance Im very disappointed with the service Im getting I dont recommend forxct havent heard from forxct they always say… Read more

they are sick leave you would think they would give there vip client an update whats going on Im so disgusted with the service Im getting if anyone is thinking about ForexCT Melbourne I suggest you think long and hard before you sign up with forxct

Regards Leon

Say goodbye to all your savings – I have lost nearly $10,000 within 3 weeks of signing up with ForexCT. Here is a summary of their tricks to extract the maximum amount of cash out of unsuspecting members of the public. 1. The self-proclaimed Senior Account Manager is well trained and made me feel good by saying that he's now looking after my account after taking it off the… Read more

hands off unskilled juniors who initiated the cold calls. He charmed me about the unique opportunities arising from Brexit. He claimed to be based in St Kilda, Victoria to create a sense of legitimacy but would not reveal exactly where. 2. He sweet talked me and matched my deposit with 100% of their money with the bait that this will allow me to place bigger positions. He also provided Protection on first 3 trades so that if you lose any money on the initial Positions or Trades this does not affect your Balance. But this honeymoon period was very short lived. 3. Once they noticed that I could close positions and make money he called to offer me their End of Month Bonus as long as I made another deposit of at least $2000. He kept complimenting me on how smart I was by closing the positions when they were in Profit. 4. I saw my Balance double on the screen (due to the fake match made by ForexCT) and I had $19,000 within 3 weeks. This only misled me into believing that I had made money. It's all part of getting you hooked. 5. I received daily text messages, emails and phone calls pushing me to take Positions, that is follow their recommended currency pair for the day. BUY now or SELL now. What they won't tell you is that they're market makers who trade against you and it was common to see the market do the opposite of what they had predicted earlier in the day. The Account Manager then advised me to close my Positions daily if I want to sleep peacefully. However he advised me to keep losing positions open as they would come good eventually as the market corrects and takes a turn. What he doesn't tell you is that is you have placed some bad trades only you will lose out as ForexCT still pockets the Brokerage Fee and whatever else they're doing behind your back. 6. The Account Manager kept reminding me that he's treating me as a close friend (although I've never met him), how he found out about Forex Trading after questioning his brother who just bought a Ferrari in secret with his Forex success, how his family ran away from a war zone and how he has survived the military. I was waiting for him to also claim that he had been a war hero, SES volunteer or a trusting farmer. 7. The Account Manager worked on my psyche to make me feel that I was missing out on something bigger. What he will say is that you're Class C client as you're only spending $10,000. He will claim that Class B clients spend up to $50,000 and how the luckier Class A clients spend more. He will get you to dream of ways of finding your hard earned cash in order to deposit it in ForexCT account. Class B and A clients receive more attention, more daily phone calls and tips on upcoming hot picks. 8. ForexCT does not provide their physical address. So all I have is their PO Box in St Kilda as they are too scared to face their victims. I have made numerous calls and sent emails to ForexCT but the line is now always busy. 9. Forex CT seems to be located at 636 St Kilda Rd , Melbourne, Victoria 3004 Australia. Stay CLEAR from this dodgy outfit!!!

Fine for me – Was a little hesitant to say to come back to say the least, but got Ad AShakly as my account manager, wasnt pushy very respectful all up made $3000 in a week and have learnt allot. Ive had bad experiences trading before its nice having someone with you who knows their stuff and cares!

THINK – i signed up and lost my money pretty quickly to a low enough level to say it's not for me I'm down but not out and I'll withdraw my balance (no bonuses provided by then). I'm still waiting so gave up it was impossible to withdraw. I tried for months escalating etc etc. Everytime I just got sales calls. I started to ponder how can an Account… Read more

manager spend days and hours helping me when I only put in $1000 and they only get a small cut. I then pondered if 20 suckers per month only add $1k that they suck away in a heartbeat (some lose tens of thousands) then that's $20k per month per trader! Not bad. I suspect their income is from that and holding people's funds no matter what.

Despicable – Their primary focus is to get as much money through the front door as possible to enhance their performance targets. When you deposit funds you receive a large bonus which entice you to trade more for their commissions. To keep these bonuses you have to meet turnover targets which I found only put more pressure on the trader when losing money.… Read more

They devise trading set ups and ask you to deposit more funds. When I explained that there were no more funds that I could deposit my 'Account Manager' became very aggressive and yes, vindictive. After this he would not ring me with any further advice." Woe the day I signed up".

It has been good for me – I was allocated Account manager, [Name Removed]. I've had some experience with trading before but recently got back into it by depositing $10,000 AUD. I quickly turned that into about $17,000 and successfully withdrew $15k(my initial deposit plus $5k profit and left the balance in). The process for withdrawal is quite slow(around a week i think)… Read more

but I eventually got it no problems.

[Name Removed] offered some incentives with my initial deposit such as money back on spreads,etc...

[Name Removed] provides updates each morning and several throughout the day. I was the person clicking the buttons but i credit at least 80% of my success to [Name Removed].

He is pretty full on and goes a million miles an hour and I thought he was a bit pushy at the beginning to make sure I had enough equity to follow a certain style of trading but he's obviously very passionate about what he does and has a detailed knowledge of the financial world and I'm sure he only wants the best for his clients.

I am confident if I listen to his advice I'll continue to be a successful trader. Thanks [Name Removed].

It has been perfect for me – I have been with Forex CT since September and have had no problems with them. The Account Manager has been very helpful and very patient with me. And I have been going really well. So my review is very positive.

Stay Away!!! – You can tell from their signup call that this is a scam especially when someone sounds so desperate and is offering you amazing promises. Try doing it yourself, when someone calls you for signup listen to what they have to say and notice the aggressiveness then in the end when they ask you to signup let them know that you will do some research… Read more

about them before signing up then notice they will almost be fighting with you. That was enough for me to stay away.

Pure Scam /fraud – This is pure scam , they provide misleading information, fortunately I recorded all conversations and am already filling a lawsuit against them, because by law an information that is 70 percent true is 100 percent false and can be equivalent to fraud and that's what am suing them for, and investigations are soon to fellow for their fake not… Read more

true market trading information and non allowance of withdrawing the funds in your account with them,according to my Lawyer, if someone gives you a credit of $5 is yours because you earned it and you can do whatever you want with it, but it is against the law to manipulate or refuse someone to use his own credits or funds. they are good in arguing and talking their way out of things but they have not met a lawyer like mine. If you have ever being scammed by these guys , you gotta suit them so they can learn to work hard and stop being a disgrace to the human race or contact Australian Cybercrime Online Reporting Network (ACORN)://www.acorn.gov.au/

Don’t waste your money – Signed up, they give you a nonsense match on whatever you debit into the account. The Account manager/advisor will purposely lead you into a investment which will result in you losing your capital unless you deposit more. They do not help you, very well set up SCAM! If you want to throw away your hard earnt money then do something good and give it to a charity not to these guys ForexCT .

Happy with the support and tips! – Being completely new to trading was a little bit nervous getting involved. Definitely happy with the support and the results so far. Highly recommend

Ditto ditto – Sales people extraordinaire. Poor advice on numerous occasions, again rollover oil trades at $1200 thank you to see that die very quickly. Near impossible to withdraw, they threaten to take their 'bonus' OUT. This is a poorly run scamming company beware. Great $$$ as a lure but it NEVER transpires.

My experience has been good – I've noticed a lot of poor reviews regarding Forexct. I've been trading with them for a couple of months now and though I did make some bad decisions to begin I feel like my account manager explained to me where I went wrong and moving forward I have had much better success. I checked their reviews before signing up and believed people had lost… Read more

money with them, but I wanted to learn how to trade and I know FX trading is a legitimate way to make money and I saw these guys ASIC license. So it's up to you who you listen to but I say only invest what you are prepared to lose, listen to your account manger and don't get greedy. That's been working for me.

Good Trading signals – I’m happy with ForexCT. My account manager has kept me in a oil short trade for over a month and I’ve seen a fantastic return! Thank you ForexCT

Teflon coated leeches - free senior titles for all staff – Unbelievable - Same same platform errors - hundreds of them Bit late to find out once you loose everything to these thieves that you have to prove it was their fault??? OKAY - FSA Financial Ombudsman will only rule on evidence put before them in writing and image / secret recorded phone taps. Anyway, Agenda is to decimate your available… Read more

equity ASAP then grab the funds via margin call = GONESKY.

Alert for topup ??? - If you lucky may get sent when you reach 98% gone by their calcs leaving seconds to hand over more money.

Sneeky method involves bogus failed order attempts with errors stating not enough equity to open position which hangs about until the most profitable market move has passed you. Better yet - Setting up entry orders after closing open to take profit??? Find later they all get auto rejected and fail leaving only live trades that are negative and drowning you with no offset.

Tell lies?? Cheat ??? Steal ?? False promises ?? Deceptive Claims about everything on their website?? That's the fine print and you are not experienced in arguing like them and never thought the whole venture would end up with you fighting to report the truth.

Hey forexct.Com you will see more and more reports about your scam as your victims list grows.

Everyone else - do not touch them - poison - fake success posts increasing to hide the truth - ripoff maggots

Computer Clitches in there system – They start with one account Manager and then push you on to new ones, very easy too loose money it is a shame when you realise that you cant trust them, even there company co is unavailable, so they keep ringing me and even admitted that they had technical issues i really wanted to trade with an Aussie Broker and I've given these guys a few… Read more

chances but I'm really not sure any more

I've read the other reviews and to be honest they all have there good points etc.

If you are with this company A. Dont take the bonus B. Do your own research and place trades on your own savey C. I recommend to do a small run with them then i suggest you withdraw your money back to your account, if your money arrives without problems then you can 80% move forward

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Do not trust their advice or platform – it will cost you dearly! – I was trading with an Australian-registered broker and was learning a lot on my own and not doing too badly for the amount I had invested. I was contacted by a [Name Removed] from ForexCT and, after some time, decided to move to them as I was not able to get advice or assistance with my current broker. I have had several bits of very bad advice,… Read more

one being to roll-over some open Oil trades in loss (and to deposit $20k for them to do the roll-over) as ‘the trade would come right’. I closed the trades about 2 days later with a bigger loss and, in doing so, avoided incurring an even larger one which was about double what the loss was at the time of the roll-over.

Another trade was an Index Buy, as I was told it was about to go up fast. This was an email supported by a phone call from the broker. I had an open Sell trade which I was advised to close (at a large loss) as it would only get worse. From then onwards it began falling fast and my Buy orders began moving to large losses. At no time was I ever been contacted with guidance or assistance with the trades and, when I queried the advice I had followed in doing the trade (which unfortunately I followed blindly) I was informed, in writing, that (in summary) they do not give trading advice that should be followed or relied on as it is merely general advice and the resulting trade is solely my own decision. All they provide is training (which I have never even been offered). Why use a broker and/or account manager at all then, especially one that cannot give advice or opinions that you can use? The only advice or contact I received from them regarding this trade was in invest a further $12k to cover my trades in case they got worse.

I also had a query with them on some trades that I simply could not close (until I put in a stop-loss) and they did not accept it was their fault, I have screen shots where it showed their system has an issue in closing a trade when a price is moving. I have also had numerous occasions where it would not accept opening a trade when prices were moving fast but they claim it was, I suppose, my fault even though I have an email from their IT department saying the had found the bug and it would be fixed within 4 – 5 days.

In short, their one major goal is to get you to invest more money and they have now actually advised me, in writing, not to rely on their advice for any trade. They have found no fault with their system despite the numerous screen shots I have, showing issues where trades either cannot be closed or cannot be opened. Also, do not trust their withdrawals policy either as one withdrawal I requested was never processed and was then cancelled when my Index trade got into trouble.

Keep well away from them – they are not there to help you at all but merely to entice you to invest more money but give nothing in return and what they do give is, as per what they told me, not to be relied on.

Stay Away! – My mate lost 13k couldnt withdraw the money hes reporting them for fraud , stay away they give false promises , wrong data info , going to the melb office to take them down and report to ACCC.

Scam 100% – After signing up, I made a loss of ard $200, so I closed all transactions. I didn't touch it for 3 months. When I tried to pick it up, the money in my account miraculously disappeared, I made sure there's no open transaction in my account, however, $6 left there laughing at me. There you go $500 gone in the wind. I have been trying really hard to… Read more

get a transaction list to show me where my money went (maybe a hiding fee or what)Nothing!!!!! No one ever get back to me and contact previous manager, even he said the company is terrible, he had left it already. So they just scam your money!!!!!

Withdrawing my money is a nightmare – I withdraw my money and and close the account but there is nothing to fill for your account for the money to go back in I phoned forexct and the person that answered the phone said they will email for the form to be filled in 48 to 72 hours ..its over a week now haven't heard or received anything from forexct..very rip off ..and scammers..not happy with their service.. I want my money back.

Scam – I would advise any one to use this platform interested in your funds, I was told to use my credit card I would only be charged on a basic withdraw recharged if a lower interest rate of 13.95 instead I was charged 21.95 as cash with Drawl. There platforms are very in regular And have weak stop loss the fucutations to live price an trade experience… Read more

is the opportunity of the opposite situations. Authorisation of closer of your account at there request through you have made a transaction with bank receipt of cash deposits closer of account 24 hour before of time frame giving I advise not to use credit card ant any given time, it according to there reference of guide line s are well self centred towards products appear to protect them self not the user experience. I have gained i life lesson to bankruptcy dues the lies an on selling of account managers which I received a notice of gambling. I was block from closing open transactions an account closed with a credit card debt well of the 15.000 mark for a new beginning trader with little support which has let my self to bankruptcy protection to wards your self at all time on this site. I was at stage where I through sudice was a opportunity to help the Pain to recover with little support dues to people saying it w@s preference of being a gambler.

Do not sign up. Don't lose your money – I very much regret going with this company. I would advise everyone to stay well away. It started with an online ad. I some spare cash I wanted to invest. I have never invested in foreign exchange so I got curious. I filled out my details and someone called me to set up an account. Initial $500 deposit would give me extra credit for trading… Read more

they said. So I deposit $500 just to have a little taste. This was back in Dec 2017. There was crypto crazy back then. Since the company traded cryptos and I didn't' want to have the headache of setting it up, off I went and bought some. I had exp in share trading so I thought the principle was the same. Buy and hold, if price goes up and then I sell. So I bought like few $$ worth of cryptos and I was happy the values were going up and up!! I was happy. The software platform told indicated the cryptos I held had increased much in value like 40%. Then I was all happy and invested another $20000. They gave me another $10000 worth of credit. I placed some foreign exchange trades, some good some bad but overall lost about $500. I was not too fussed. Losing a few hundred $ is a good lesson besides, I had made enough profit from the cryptos.

By mid Jan 2018 the cryptos were not performing as they had been. So I sold it. I looked at my balance but something was off. By my calculations, I should have about the same balance I had invested but I had much less. I spoke to "[name removed]", he was my manager, and he then told me that there are fees for trades are kept open overnight. So everyday, the cryptos that I had purchased back in Dec 2017 were costing me like $15 per day that I had not realised. So over the two months that I held it, It cost me more than $900. Again, other foreign currency trades also cost money to hold it over night. In total I had made more than $1500 in loss without me realising.

I I requested where all my money had gone. Only then they told me about the overnight holding charges. What a load of crap. There is no statement available that you can see from their software. Of course not.. They are not transparent on their charges. They do not let you know how much they charge the clients. So I requested a statement. It took like 4 weeks of complaint to find where all my money had gone.

So I pulled out. I do not wish to use a service where they try to get you to place trades without you knowing what you are paying. I wouldn't be this angry if they had let me know clearly. I have made a made a lot of money on shares but also lost a lot too. I knew of my risks for that. But ForexCT is dishonest and not transparent.

So stay away....