tradewithctc.com is a Contract for Difference (CFD) broker with a domain registered on April 23, 2024. This broker primarily offers investment services in various markets, including Forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries or regions where doing so would violate local laws or regulations.
Corporate Registration Information and Regulatory Status
Public information on tradewithctc.com shows that the broker operates under the trading name "CTC Trading" and is claimed to be regulated by the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). However, the "Terms and Conditions" page on the website, specifically clause 35, states that the service agreement is governed by and interpreted in accordance with the laws of Saint Vincent and the Grenadines.
Upon verification, there is no record of a regulated company named "CTC Trading" with either the UK's Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC). Additionally, the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA) does not have any registration information for "CTC Trading," and does not provide effective regulation for financial derivative trading.
Therefore, tradewithctc.com is essentially an unregulated, non-corporate, fraudulent broker website.
Account Opening Procedure
To open a trading account with tradewithctc.com, go to their website, click on "SIGN UP" at the top right corner of the page to access the account registration page, fill in personal details such as name and email address, and set a login password as required. After submitting and verifying the account, the registration process is complete.
Available Trading Products
tradewithctc.com offers a variety of trading products to its clients, including Forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies and is known for its high liquidity, allowing traders to profit from currency fluctuations.
- Indices: Index trading allows speculation on the performance of an entire market or specific sector without trading individual stocks. By exploring popular indices, traders can discover diverse trading opportunities and leverage high margins for potential gains.
- Commodities: Commodity trading covers key global resources, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price fluctuations and dividends based on a company's performance without actually owning the stock.
- Cryptocurrencies: Cryptocurrency trading provides enthusiasts with opportunities to profit from highly volatile digital assets.
Investment Plans
The official website of tradewithctc.com does not disclose information regarding account types, spreads, trading leverage, margin call/stop-out levels, trading commissions, minimum/maximum trade sizes, maximum position/order sizes, or minimum price precision.
Trading Platform
tradewithctc.com claims to offer the MT4 trading platform with deep liquidity, leverage of up to 1:500, and industry-leading spreads. However, a search revealed that there is no broker named tradewithctc.com on the MT4 trading platform.
Deposit and Withdrawal
tradewithctc.com supports payments through debit cards, bank wire transfers, electronic checks, or physical check deposits for both deposits and withdrawals.
Conclusion
Traderknows reminds investors that tradewithctc.com is actually a scam broker website with no corporate entity and no regulation. Additionally, the website's contact method is limited to email. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
