- Company name: CT-Trade
- Registration/license: None
- Registration/license requirement: –
Is CT-Trade a regulated forex broker or a scam?
no, CT-Trade broker is Non-Regulated Broker. It is NOT SAFE to trade.while we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.
CT-Trade is the clone company of the Citibank Europe plc. The clone claims to be regulated by Citibank Europe plc and have the same address with the original company – 71-75 Shelton Street, London, WC2H 9JQ, UNITED KINGDOM. Therefore, the clone should also be carrying the UK FCA license as the original company does. But the CT-Trade is not licensed in the UK or any other countries. In case, of obtaining the STP license from UK’s Financial Conduct Authority, the company would need to pay USD 50,000 and also need USD 100,000 of capital aside from client deposits.
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