Finance Consulting Group, the financial advisory group that owns the site, claims to be registered in the United Kingdom. In addition, branches are opened in Singapore, Australia, and a number of other places around the world. However, the broker does not provide any supporting legal documents. Also, ‌information about FCG Trade’s ten-year work on financial markets is not confirmed. As for the domain, it was registered only in June 2023 in the USA. It is worth noting that the project does not have a license. Finally, the service is not available in some countries, for example, US and Japanese citizens are not allowed to trade CFDs.

Can this company be trusted? Is it safe to trade here? We will analyze the capabilities of the platform and share with you our conclusions about the reliability of the broker.

Trading Conditions

FCG Trade uses Webtrader as a working terminal. The platform is accessible from any device. The list of broker’s products includes shares, cryptocurrency, commodities, and other assets. A registered trader can use 4 types of accounts, differing in the range of minimum and maximum deposits. Trading conditions depend on the selected account type:

Basic from $0 to $10,000 – trading signals once a month, fees 1-7%, swaps 0.6, leverage 1:1, commissions 1-2.5%.
Silver from $10,000 to $50,000 – trading signals once a week, fees 1-4%, swaps 0.4, leverage 1:2, commissions 0.5-2%, loyalty points x $10,000 = 5 points, quarterly analytical report.
Gold from $50,000 to $100,000 – trading signals daily, fees 0.75-2%, swaps 0.2, leverage 1:3, commissions 0.75-2%, loyalty points x $25,000 = 20 points, monthly analytical report.
Platinum from $100,000 to $500,000 – trading signals several times a day, fees 0.25-1%, swaps 0.08, leverage 1:5, commissions 0.25-1.5%, loyalty points x $50,000 = 50 points, weekly analytical report.

Depending on the account level, different types of educational services are available to FCG Trade clients. On the Platinum account, this set includes an e-book, a trading analysis program, and a webinar. You can replenish your trading account via electronic services, as well as by bank transfer or credit card.

The official website of the company does not provide answers to legal questions. In fact, clients’ investments are not protected by the UK regulator FCA, as required by law.

FCG Trade website has analytics in the form of a ticker with a demonstration of prices for popular currency pairs and a block with an indication of the state of the markets online. The broker provides clients with an educational center, a personal accountant, and technical support.

FAQ

Would investing in FCG Trade offer the best returns?

You may lose your capital rather than earn profits. This is a more likely scenario of cooperation with this broker, as it has an unstable platform and risky CFD trading.

Does FCG Trade carry out withdrawals?

The broker may block withdrawal of funds from the account. According to comments on the net, many of the clients believe that they have become a victim of scammers. We invite you to share your experience if you have traded on this terminal.

May I be scammed on fcgtrade.com?

There are no registration and authorization documents on the website. The company operates without a license and is not responsible for any losses of the client. Therefore, there is a high risk of fraud.

What's the best way to share my experience with FCG Trade?

Fill out the form and we'll make sure your voice is heard.

How can I tell if FCG Trade is a fraudulent company?

Do your own research and never believe those who promise you easy money.

Criteria

Jurisdiction: Onshore

License: No license

Leverage: 1:5

Broker type: DD

Demo account: No

Affiliate program: Not indicated

Minimum deposit: 500$

Trading platform: WebTrader

Assets: Forex, CFD

14 reviews about FCG Trade

Russell
September 11
Why I left the broker
I withdrew my money and closed my account. I was pushed to do this by the same constant reason of losses: the deal was closed by the broker in minus, while on the chart they had it in plus.
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tank
September 8
I intend to work on this platform for a very long time
I am not sure if this terminal is suitable for beginners, but the broker provides all opportunities for profitable trading. Of course, experience plays a big role!!! You need to feel where the risk is justified and where it is not. It is like knowing how to drive a car on sharp turns. I choose my strategies carefully! As for the broker itself, I have no complaints - FCG Trade provides good service. The company does not make money on quotes, they do not manipulate indicators. Co-operation is honest and profitable. I have known this firm since 2019 and I do not plan to change the broker.
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IIRONN
August 31
The adverts on the website are a complete deception
About the term of work, I can definitely say that it is an absolute deception. Such a broker could not have existed for more than 10 years without being noticed by anyone or anywhere, and there is almost no information about it on the internet!!!!
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Bear777
August 18
The brokerage company steals money
I registered on their website and opened a trading account. I deposited $200 and started trading. Surprisingly, 99% of the trades were profitable and I was already happy that I found a good company. However, a few days later I got a call from the manager who told me that the "test period is over" and that to continue trading I needed to invest another $1000. I was a bit surprised by such statements but decided to take a risk. As soon as I deposited funds, my account was immediately blocked, and the administrator claimed that I had violated some rules of the site. Nobody specified which ones.
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lipskott
August 18
My account was blocked
I can't log in to my profile almost immediately after I submitted a request to withdraw my entire deposit of $560. The support service does not answer my requests. What to do next - I do not know. It looks like I will never be able to take my profit.
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Lin Breath
August 17
I can only say that this is a fake site
The broker has no license at all. So we can safely consider this company illegal and unlicensed. If we consider it true that they do have an office in the UK, then I have a question - where is the license from the FCA? Why FCG Trade has not received a license from the state regulator for more than 10 years of work in the financial market? I don't believe that. So I am more than 100% sure that the office in London is fictitious, as well as everything else. About 10 years - this is fake information, this is to make newcomers think that the platform is some kind of proven and that people do not give their money to scammers. Also, these scammers can not even specify the names of suppliers, where they withdraw traders' transactions. Now think about it, can you trust such a fake company with your money? Age - fake, address - fake, everything here is fake, as well as the company itself.
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bush
August 16
Has anyone been able to withdraw even a dollar from this project?
I am denied withdrawal under various pretexts. FCG Trade employees do not accept my verification, I need to pay for insurance, my withdrawal amount is too small. It doesn't look like a real broker at all.
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NV Cap
August 8
This is a typical scam
On FCG Trade, scammers just steal money pretending to be a brokerage platform. Don't believe them, there is no way they will let you get your investment back! I lost $2,300 here in 2 weeks!
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Rebook55
July 31
I am annoyed by the constant terminal freezes
Every time the program crashes, I have to re-enter my login and password. If it happens once a day, I can tolerate it. But I constantly lose a lot of time for unnecessary actions, and in trading, every second is highly valued! I have contacted the technical service several times, and it seems to me that recently they finally started to solve this problem.
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Austin
July 23
I was scammed for $220
The broker simply blocked my account without explaining the reason... They do not answer my calls, as well as emails...
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niko64
July 19
I have been making steady profits
At first, I was worried that FCG Trade would turn out to be a fraudulent broker. But the first time I received a profit withdrawal very quickly, then the second time I received it, and the third time the amount was twice as much as I deposited initially. As a result, our cooperation was strengthened, and everything went perfectly. Money is withdrawn reliably, the service runs like a Swiss watch. Therefore, all my fears, doubts, and other negative thoughts have long ago disappeared. Now I have full confidence in the broker that it will not cheat me. Even my trading has become better after I fully trusted the company and started to trade calmly. My average return per week has gone up to 6%. And considering that my deposit is now $18,000, the amount per month is not bad.
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freydrid
July 16
Broker is dishonest
As long as my trades were unprofitable or made very little profit, then everything went well. As soon as I practiced a little and started trading more successfully, the administration informed me about suspicions of fraud and then I was recalculated all profitable trades in zero and minus. That's how they work at FCG Trade :(
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orochimaru666
July 14
This is an average terminal
The broker copes with all its main duties on 3 points out of 5. Transactions are processed sometimes with instant speed, and sometimes with delays. The terms and conditions are a template. You can trade with a profit, and you can lose your deposit instantly. At least, I managed to get a little bit in the plus. I withdraw funds through crypto, and it is convenient. I get USDT to my wallet, but it happens that the coins are transferred for several days and with a large commission. But I don't have to wait for weeks.
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Mirgul
July 6
Fraudsters are trying to deceive you
There is no license for brokerage activity at these crooks, and there is no regulation, especially from the Financial Conduct Authority, which is the main regulator of Great Britain, where supposedly this scam is registered, but in fact, the specified address in contacts is just fake. There is no broker at this address. The business model is invented by scammers in order to collect money from fools. Similarly with their long running story, which you can find on their site, although the domain was bought a couple of months ago. Withdrawals are not made here and the company uses all sorts of deception and fraud methods. Be on your guard and handle your funds carefully.
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