CT Forex Forex Review

Read our full CT Forex review to get exact details about their safety, accounts, spreads, platforms, assets, support, and much more. Our unbiased CT Forex opinion allows our readers to decide whether CT Forex is a reliable broker.

CT Forex Forex Broker History

CT Forex is a relatively young forex broker that is registered in Saint Lucia and Poland. It claims to be regulated by some major authorities, but we could not find proof, meaning most likely the broker is just an unlicensed offshore brokerage firm. While it would be understandable if the newly launched broker does not have a license, misleading claims can not be taken lightly.

The broker offers several accounts, binary options, and forex trading, and traders can access advanced trading apps.

CT Forex broker safety

CT Forex claims to be a very reliable and well-regulated forex broker. It lists some regulators and claims that are overseen by those reputable regulators, like the FCA. However, on its main page, there is only a mention of registration in Saint Lucia.

Fund segregation can not be verified because CT Forex is not regulated, which is a fatal security flaw. Segregation is an important protection layer for traders.

CT Forex does not provide a negative balance protection policy, which prevents traders from losing more than their initial investment. This is a serious downside for the broker.

CT Forex Broker Review of Accounts

CT Forex trading account types are three, including Standard, Premium, and VIP. CT Forex claims unrealistic trading conditions on its Standard account with 0.2 pips spreads, which is not offered by even industry leaders, especially commission-free.

The CT Forex Standard Account has the following trading specs:

• Minimum deposit – $50
• Maximum leverage – 1:500
• Spreads – From 0.2 pips
• Commissions – $0
• Minimum lot size – 0.01 lots

The CT Forex Premium Account has the following trading specs:

• Minimum deposit – $2,500
• Maximum leverage – 1:1000
• Spreads – From 0.2 pips
• Commissions – from $4 per lot
• Minimum lot size – 0.01 lots

The CT Forex VIP Account has the best trading conditions:

• Minimum deposit – $10,000
• Maximum leverage – Negotiable
• Spreads – From 0.1 pips
• Commissions – From $3 per lot
• Minimum lot size – 0.01 lots

Overall, the trading conditions are the best on the standard, which does not make sense as all other accounts are higher-tiered account types. Commissions are also expensive, above the industry standard $7 round trip.

CT Forex instruments

Trading instruments at CT Forex are limited to forex pairs, commodities, and indices. There are many different commodities like agricultural products, metals, and energy. It also offers binary options, which are illegal in many countries due to their super risky nature. They are even more risky when provided by unregulated brokers. When something is too good to be true, it probably is, and we do not buy the claims of 0.2 pips on standard accounts with $0 commissions.

CT Forex Reviews of Trading Platforms

While the broker is not trustworthy nor reliable with its trading conditions claims, the availability of trading platforms is a plus. It offers access to MT4 and MT5 apps, and does not restrict the usage of custom indicators and Expert Advisors (EAs).

Mobile trading is also available via the MT5 mobile app, accessible for all mobile devices, and there is also a web trader variant available.

CT Forex Forex Review of Extra Features

The broker has many extra features. It offered two different bonus promotions, like 50% deposit bonus (up to $5000 in tradable funds), and 500 USD bonus. There are special conditions applied to these bonuses.

There are many educational resources available as well, including both free and paid ones. There are webinars, trading courses, and tutorials available for free, and traders can also access paid courses where the broker advertises its trading systems that are profitable.

CT Forex Reviews of Customer Support

Customer support of CT Forex is actually pretty good. This is because it offers live chat, email, and phone support channels. This is crucial, and traders can access live chat directly from the website. When it comes to language support, the broker is only available in English, which is a downside.

CT Forex Deposit and Withdrawal

CT Forex supports multiple payment options, such as Bank transfer, credit/debit cards, e-wallets, and cryptos. The broker claims zero fees on both deposits and withdrawals. As for the processing times, it lacks clear details, but it should be instant for most deposits and 1-3 business days for profit withdrawals. However, we can not verify that the broker allows traders to withdraw their profits, so stay away.

CT Forex Review Conclusion – Can you trust CT Forex?

In the end, CT Forex is an offshore forex broker that claims to be overseen by large and reputable regulators. However, it is not even licensed in Saint Lucia, where it is registered, making it a very unreliable broker. Traders who want to sign up with unlicensed brokers should be extremely cautious. Even though CT Forex offers access to rare binary options, traders should not sign up with this broker. Stay away.

FAQs on CT Forex

Is CT Forex a scam?

CT Forex scam is highly likely due to false regulation claims, offshore registration, and unclear withdrawal rules, making it a very unreliable and risky offshore broker.

What is the CT Forex minimum deposit?

The minimum deposit advertised by CT Forex starts from $10, but higher-tier accounts require much larger deposits.

Is CT Forex a cheap broker?

CT Forex is not a cheap broker because spreads appear unrealistic, commissions are high on premium accounts, and hidden costs may apply due to poor fee transparency.